Author Archives: Chief Oyibo

Opposition warns PDP on $16bn power probe

Opposition party members at the House of Representatives have promised to stop any bid by the Peoples Democratic Party to hijack the ongoing investigation into how the administration of former President Olusegun Obasanjo spent about $16bn on the power sector … read more

�Only 40% Nigerians have access to electricity�

The Manufacturers� Association of Nigeria (MAN) and potential investors complain that electricity is their biggest challenge, two times more problematic than finance. Diran Fawibe, chief executive officer, International Energy Services Limited and chairman, energy committee, Institute of Directors (IoD), told … read more

Wings Airline Plane Missing, 3 Feared Dead

Another misfortune yesterday hit the Nigerian Aviation Industry when a 1900D Beec-hcraft turbo prop aircraft belonging to Wings Avia-tion was reported missing over 10 hours after it was expected to have landed at its destination. A pilot, standardisation officer and … read more

Probe panel undecided over Obasanjo

IN SPITE of astounding revelations made so far, the House of Representatives Committee on Power and Steel holding public hearing on how $16bn was allegedly spent by the administration of former President Olusegun Obasanjo, on Saturday said it had not … read more

JTF parades suspected oil thieves

The Joint Military Task Force (JTF) has paraded seven persons suspected to be involved in illegal bunkering. The task force also impounded seven fuel tankers of 33,000 litres capacity each, four pumping machines, two speed boats, nine mobile phones and … read more

�N�Delta Youths are Freedom Fighters�

Deputy Senate President, Senator Ike Ikeremadu, has described Niger Delta youths as freedom fighters and not demons as was being portrayed. Ikeremadu stated these at the occasion of the land breaking ceremony of the Niger Delta Development Commission�s shore protection, … read more

Nigerian deals ‘wasted billions’

Some $2.2bn-worth of Nigerian energy contracts were awarded without a bidding process by the former president and his energy minister, officials say. One was to a company with less than $200 of base capital at the time, a witness told … read more