I just too love Mr President

Why are they shutting down

They should go on break nah, is that not their usual routine

Sue d newspaper for Damages.. next time there staff will. Not come up wiv fake stories

Wailers pls ur Negative in-depth analysis of dis Policy direction is neede...

Thank You in advance

NnodimThe pump price of petrol may sell for less than N87 per litre before the end of the first quarter of 2016, latest findings from the Nigerian National Petroleum Corporation have revealed.This is coming as the corporation also announced that the Kaduna Refining and Petrochemical Company would start producing petroleum products beginning from today (Saturday).According to the NNPC, the current pricing template for petrol, which was prepared by the Petroleum Products Pricing Regulatory Agency, contains significant inefficiencies that should be reviewed.The corporation’s Group General Manager, Corporate Planning and Strategy, Mr. Bello Rabiu, told journalists in Abuja on Friday that going by the fall in the price of crude oil, it was important to consult relevant stakeholders in order to produce an adjusted template.Rabiu said consultation with stakeholders was to negotiate and reduce some of the costs associated with the importation of petrol, adding that the government had the target of reducing the amount charged for logistics and distribution margin on every litre of premium motor spirit consumed in Nigeria.The GGM was affirmative that the adjusted template would surely have a considerable reduction in the pump price of petrol when it is completed before the end of the first quarter of next year, stressing that when this is achieved, there would be no need for subsidy as the import price of PMS would have reduced considerably.Rabiu said, “We are engaging industry stakeholders to review the PPPRA template thatactually drives the cost of importation. This is because the actual cost of PMS minus the retailprice of the product is subsidy. So if the cost falls to N80 per litre today, then where will the need be for subsidy? If the cost is less than the current retail price of N87 then it means there isno subsidy.“So we are looking at the template to have it reviewed considering the realities on the groundnow in the sector. What if after the review we are able to take away about N10 from this current template, which today puts the cost of petrol at N91.52 litre, then it means the cost may come down to around N82 per litre.“That is why we said there is no need for subsidy in the 2016 budget. We say this because we know that the price of crude oil will not go so high in the next 12 months because ofthe high level of saturation in the market. So as soon as it is appropriate, we will announce a new price for PMS.”Bello stated that the adjusted template would beused subsequently to modulate prices down or up on a periodic basis if required, adding that if oil prices continue to fall and inefficiencies are eliminated within the template, there will surely be negative subsidy.The negative subsidy, he said, shall be remitted to the Petroleum Support Fund in line with the current PPPRA guidelines.He said, “The savings under such a regime could be domiciled in the PSF as a buffer for future subsidy (if any) that may arise during high oil price regime or invested by the industry in supply and distribution efficiency improvement projects such as decongestion of Apapa area, Single Point Monitoring in Port Harcourt and Warri, complimentary rail services, inland waterways, etc.”On the commencement of production at the Kaduna refinery, the Managing Director, Pipelines Product Marketing Company, Mrs. Esther Nnamdi-Ogbue, said crude oil had been pumped to the facility from Warri.She stated that some pipelines had started pumping crude oil and refined products, adding that petrol had been pumped from Atlas Cove toMosimi depot using the pipelines connecting both facilities pipelines.Nnamdi-Ogbue also assured Nigerians that the NNPC had enough petrol to keep the country wet for at least 12 days, and urged motorists and petrol seekers to avoid panic buying. Copyright PUNCH.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.


https://mobile.facebook.com/APCNEWSALERT/posts/996366833737776?_e_pi_=7%2CPAGE_ID10%2C2527274928

Hhehheh

Hajia keep it Up!


U shall silent dis PDP devil's by God's grace!

Death sentence to treasury looters

He's indirectly saying pls repair my permanent home for me...

Happy Birthday my Presido

May your enemies hail u d way wike is now hailing Amechi

Happy bornday Sir

May ur enemies hail u d way wike is now hailing Amechi..

Ameen!

Dis Is d real meaning of he who laugh last laughs best

Dasuki aka strategic adviser on monetary sharing

One Dam in USA wiv one president liadat...


But sha na End time tins

Haleluyah

Saraki's Case is Coming Back from Break!

ishiamu:


Anu ofia

Biafrud mad dog

Dem don sack wike oo

ishiamu:


Mtchew Gerarahere mehn

Ur free MB don de finish b dat.. son of a thief.

ishiamu:


Ist class olodo

1st Class thief

ishiamu:


Mumu

1st class Foool

Oles everywhere

OLE

A day after he was re-arrested in front of the Federal High Court in Ikoyi, Lagos, the Economic and Financial Crimes Commission, has slammed two separate charges on Patrick Akpobolokemi, a former Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, and others.

In one of the new charges filed before a Federal High Court in Lagos, Mr. Akpobolokemi faces 40 counts of fraud and money laundering to the tune of N34.5billion.

In the second charge filed before a Lagos State High Court, Mr. Akpobolokemi is accused of stealing N600million.

Both cases are yet to be assigned even as the embattled former NIMASA chief battle to secure his release on bail, pending arraignment in court.

Mr. Akpobolokemi was bundled by security operatives into a waiting bus outside the court, Monday, after he refused their directives to return with them to the EFCC office.

The former Director General was re-arrested after Justice Buba Ibrahim adjourned his trial to January 18, 2016.

The EFCC had instituted criminal charges to the tune of N2.3 billion against Mr. Akpobolokemi and five others before Mr. Buba.

Sources at the EFCC disclosed that the Commission had to re-arrest the former NIMASA boss on Monday following fresh evidence of fraud.

Mr. Akpobolokemi’s arrest is on the strength of fresh evidence that he allegedly converted the sum of N11.7billion and another N816 million meant for the development of the temporary site of the proposed Nigeria Maritime University, Kurutie, Warri South Local Government area of Delta State, for his personal use.

The suspect was said to have obtained a presidential approval of N13billion through the office of the then National Security Adviser to former president Goodluck Jonathan, Sambo Dasuki, for the acquisition and development of a temporary site for the Nigeria Maritime University.

Mr. Dasuki himself is facing multiple charges of fraud and embezzlement of public funds.

Out of the N13billion approved for the university, N11.7billion was allegedly paid into a company suspected to be owned by Government Ekpemopolo (popularly known as Tompolo), an EFCC source said.

After the said money was paid, investigation further showed that N6billion was then moved into another account belonging to one of the associates of Mr. Akpobolokemi, the source added.

Also, the sum of N816million allegedly obtained through a presidential approval for the Voluntary International Maritime Organisation Members State Audit (VIMSAS) implementation in Nigeria, was allegedly diverted to Mr. Akpobolokemi’s personal use, the EFCC source further added.

Mr. Akpobolokemi and seven other NIMASA staff were arraigned on December 3 before Justice Salihu Sa’idu of the Federal High Court, Lagos, on a 30-count charge bordering on conspiracy, fraudulent conversion of funds, and money laundering.

The accused persons allegedly conspired to launder several billions of naira under the guise of providing security intelligence around the maritime domain.
The accused who were earlier arraigned on December 4 before Justice Ibrahim Buba include Captain Ezekiel Bala Agaba, Ekene Nwakuche, Governor Ameche Juan, Blockz and Stonez Nigeria Limited and Al-Kenzo Nigeria Limited. They were arraigned by the EFCC on a 22-count charge and were granted bail in the sum of N50 million each.

The accused who were earlier arraigned on December 4 before Justice Ibrahim Buba include Captain Ezekiel Bala Agaba, Ekene Nwakuche, Governor Ameche Juan, Blockz and Stonez Nigeria Limited and Al-Kenzo Nigeria Limited. They were arraigned by the EFCC on a 22-count charge and were granted bail in the sum of N50 million each.

The accused who were earlier arraigned on December 4 before Justice Ibrahim Buba include Captain Ezekiel Bala Agaba, Ekene Nwakuche, Governor Ameche Juan, Blockz and Stonez Nigeria Limited and Al-Kenzo Nigeria Limited. They were arraigned by the EFCC on a 22-count charge and were granted bail in the sum of N50 million each.

EFCC uncovers alleged theft of another N40billion by ex-NIMASA DG, Akpobolokemi - Premium Times Nigeria
http://www.premiumtimesng.com/news/top-news/195251-efcc-uncovers-alleged-theft-of-another-n40billion-by-ex-nimasa-dg-akpobolokemi.html

Ok d Buruji guys

Just 6 months out of office and d PDP I scattering everywhere.. dis people can't make it to 2019 no be curse

J o n a t h a n i i. Oooooo

$1.1billion Fraud: British Judge questions Jonathan's integrity, stops Etete from getting N17 billion

A British Judge on Tuesday refused to release $85 million (N17 billion) to Malabu, a fraudulent company controlled by Nigeria’s former petroleum minister, Dan Etete.

In refusing to release the money to Malabu, Justice Edis of the Southwark Crown Court declared that he was not sure the administration of President Goodluck Jonathan acted in Nigeria’s interest when it approved the transfer of the money to Malabu.

“I cannot simply assume that the FGN which was in power in 2011 and subsequently until 2015 rigorously defended the public interest of the people of Nigeria in all respects,” the judge ruled.

PREMIUM TIMES had reported how the Jonathan administration controversially approved the transfer of $1.092 billion from Nigeria’s JP Morgan account in London to Nigerian accounts controlled by Malabu.

The money was paid by global oil giants, Shell and ENi, for Africa’s richest oil bloc, OPL 245.

The former Attorney General of the Federation, Mohammed Adoke, and the former Minister of State for Finance, Yerima Ngama, signed the documents approving the transfer to Malabu.

The fraudulent deal, shaded in various layers of corruption, has been condemned by Nigerians and international transparency advocates and is being investigated by authorities in four different countries.

The seized $85 million

The $85 million was seized at the request of Italian prosecutors who are also investigating the deal. The money was the last part of the OPL 245 largesse not yet distributed.

Sensing that the Muhammadu Buhari administration was yet to find its feet on international legal matters, Mr. Etete approached the British court and asked that the money be returned to him.

At a two-day hearing that started on November 23, Mr. Etete’s lawyers argued that there was no fraud in the deal and asked that the money be released to him.

While Mr. Etete argued that the money be released to him, the Italian prosecutor argued that “their investigation could lead to a potential forfeiture of the money down the road.” a source who has followed the case and was present at the proceedings told PREMIUM TIMES.

Malabu’s lawyers told the court that freezing the money was an assault on Nigeria and questioned how the court could imagine that Messrs. Adoke and Ngama would be a party to a corrupt deal.

The ruling

While giving his ruling on Tuesday, Justice Edis said while he could not say for certain if the deal was fraudulent pending conclusions of investigations, it would be inappropriate to release the money to Malabu.

“I am not making any findings of fact about misconduct by anyone. I am simply assessing the evidence before me to determine whether a restraint order should be discharged which was granted by way of MLA (Mutual Legal Assistance between the UK and Italy) to support an investigation by the Italian authorities,” the judge said.

The judge also made reference to evidence provided by the Italian authorities that ex-President Jonathan was directly involved in the fraudulent deal.

“The suggestion from the wiretaps is that “Fortunato” was implicated and I am told that this was a reference in code (not subtle) to the former President of Nigeria, President Goodluck Jonathan,” the judge said.

“Aliyu (Abubakar) is said to be associated with him and Aliyu received, in a way which was not transparent, $523m of the money paid for the OPL 245 licence in August 2011.”

PREMIUM TIMES had reported how fictitious companies owned by Abubakar Aliyu, a man referred to as ‘Mr. Corruption’ by anti-graft officials, received over half ($532 million) of the total $1.092 billion.

Mr. Aliyu, a close ally of Mr. Jonathan was recently quizzed by EFCC operatives for the first time despite being a central character in the deal whose investigation was virtually stalled during the Jonathan presidency.

Activists react

Reacting to the ruling, Simon Taylor of Global Witness stated that “Given the gathering pace of the EFCC investigation in Nigeria under new leadership and a call by the Nigerian House of Representatives to cancel the deal in 2014, investors in Shell and Eni should demand to know why they were exposed to such risk.”

The UK based Global Witness has been at the forefront of the demand for transparency in the deal and other similar deals across the world.

Also reacting to the judgement, Dotun Oloko, an anti-corruption campaigner in Nigeria said, “In light of these allegations in a UK court, the role of the senior Nigerian officials involved in this deal, including Goodluck Jonathan, must now be fully investigated.”

With the ruling, Nigerian now has the opportunity to not only claim the money but also another $110.5 million of the funds held in a Swiss bank while investigations continue.

Below is a statement by Global Witness after the court ruling

Court refuses to unfreeze funds from “smash and grab” raid on Nigerian oil block
Prosecutors allege that “fronts for President Goodluck Jonathan of Nigeria” received US$523m in proceeds of “smash and grab” OPL 245 deal

Southwark Crown Court today rejected an attempt by a company owned by the former Nigerian oil minister Dan Etete to unfreeze US$85m in proceeds of the corrupt deal for the Nigerian offshore oil block, Oil Prospecting Licence 245 (OPL 245), which was sold to Shell and Eni for $1.1bn in 2011.

The funds were restrained at the request of Italian authorities, who are investigating the sale of the block by Malabu Oil & Gas, a company secretly owned by Mr Etete, to the international oil companies.

The Federal Government of Nigeria (FGN) under Goodluck Jonthan acted as a middleman in the deal, and the court received evidence based on wiretaps that prosecutors allege show that the then President, Goodluck Jonathan, was directly involved. The deal deprived the Nigerian people of a sum equivalent to 80% of the country’s 2015 health budget.

“In light of these allegations in a UK court the role of the senior Nigerian officials involved in this deal including Goodluck Jonathan must now be fully investigated,” said Dotun Oloko, a Nigerian anti-corruption campaigner.

Evidence from US authorities presented to the court and included in the judgement “shows payments following circuitous routes which total $523m and which arrived at Abubakar Aliyu, aka ‘Mr Corruption’” […] “Aliyu’s companies are allegedly fronts for President Goodluck Jonathan of Nigeria”. The Crown Prosecution Service, acting at the behest of the Public Prosecutor for Milan (PPM), described OPL 245 as a case of “grand corruption”.

The OPL 245 deal is currently under investigation by the Public Prosecutor of Milan, the UK’s National Crime Agency (NCA), and the Nigerian Economic and Financial Crimes Commission (EFCC). The EFCC have reportedly recently interviewed Abubakar Aliyu in connection with the case, and earlier this year interviewed Dan Etete.

Justice Edis of Southwark Crown Court turned down Malabu’s application to discharge the freezing order rejecting Malabu’s arguments that the Crown had failed to follow proper procedures in securing the freezing. Justice Edis concluded in his judgement:

It is extremely important that what I am about to say is not misunderstood. I am not making any findings of fact about misconduct by anyone. I am simply assessing the evidence before me to determine whether a restraint order should be discharged which was granted by way of MLA to support an investigation by the Italian authorities. That investigation is not complete (and appears to be still at quite an early stage). What misconduct it may ultimately prove, if any, will be a matter for the PPM and the Italian court if proceedings are brought. However, precisely because I cannot reach firm factual conclusions, I cannot simply assume that the FGN which was in power in 2011 and subsequently until 2015 rigorously defended the public interest of the people of Nigeria in all respects. Mr. Fisher QC who appeared for the CPS used the phrase “grand corruption” to describe the form of corruption in which the state itself is culpable. The suggestion from the wiretaps is that “Fortunato” was implicated and I am told that this was a reference in code (not subtle) to the former President of Nigeria, President Goodluck Jonathan. Aliyu is said to be associated with him and Aliyu received, in a way which was not transparent, $523m of the money paid for the OPL 245 licence in August 2011.

“Given the gathering pace of the EFCC investigation in Nigeria under new leadership and a call by the Nigerian House of Representatives to cancel the deal in 2014, investors in Shell and Eni should demand to know why they were exposed to such risk,“ said Simon Taylor, a Director of Global Witness.

Suspects named in the Italian case include Eni and its current and former CEOs Claudio Descalzi and Paolo Scaroni, as well the company’s Chief Development, Operations & Technology Officer Roberto Casula and former executive Vicenzo Armanna. Other suspects in the Italian case include Dan Etete and middlemen Emeka Obi, Gianluca Di Nardo and Luigi Bisignani. Shell and Eni have denied any wrongdoing.

“It is clear from evidence in the public domain that high level executives in Shell personally took part in negotiating this deal. Citizens in the UK, US, Netherlands and Nigeria should demand that Shell and its executives are investigated in their respective countries,” said Nicholas Hildyard of The Corner House.

Shell and Eni have invested at least $1.8bn in purchasing and developing the block, which they own 50-50. It reportedly holds probable reserves of 9.23 billion barrels of oil, which if proven, would represent the equivalent of a third of Shell’s proven reserves, and two thirds of Eni’s.

Antonio Tricarico of Re:Common said: “$85 million paid by Eni and Shell for the benefit of Dan Etete’s company Malabu remains frozen in London. The time has come that Eni and Shell come clean about what they knew about this deal and who else this money was intended for.”

For more information about the case read the briefing by Global Witness on OPL245, Shell and Eni’s Misadventures in Nigeria.

$1.1billion Fraud: British Judge questions Jonathan's integrity, stops Etete from getting N17 billion - Premium Times Nigeria
http://www.premiumtimesng.com/news/headlines/195233-1-1billion-fraud-british-judge-questions-jonathans-integrity-stops-etete-from-getting-n17-billion.html

Hahahahahaa

shebi na 100million u collect so.. eh e no matter

Chai Olosho market don reduce...

Abi Olosho get ID card ni?

Lol Lol.. d guy don run leave Nigeria oh

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