The House of Representatives ad hoc committee investigating revenue leakages in the Department of Petroleum Resources (DPR) at the weekend said about N6 trillion from gas sales and royalties is yet to be remitted to the Consolidated Revenue Fund by oil majors operating in the country. According to the committee Chairman, Jarigbe Agom Jarigbe (PDP, Cross River) the leakages were the result of the faulty Production Sharing Contract (PSC), which gives room for the oil firms to fleece Nigeria of billions of naira revenue. Specifically, he said the committee uncovered…
Read MoreDay: July 16, 2018
Suspect confesses to killing wife for committing adultery
A 25-year-old man, Bello Muhe has been arrested by the Niger State Police Command for allegedly killing his wife. Muhe was arrested by police operatives of the command while trying to esc ape. The suspect, who hailed from Gautan Fadama village in the Bagudo Local Government Area of Kebbi State, was said to have killed the wife, Husse Ali, 25, for being promiscuous. It was learnt that the suspect had earlier sent the wife to her parents over her adulterous lifestyle, but she reportedly continued the act at her…
Read MoreFayemi promise to pay workers salary arrears in six months
Dr Kayode Fayemi, winner of the Saturday’s governorship election in Ekiti State, has said that he will pay the backlog of salaries owed civil servants in the state within the first six months of his return to office. Fayemi of the All Progressives Congress beat Kolapo Olusola of the Peoples Democratic Party in a keenly contested race to succeed the incumbent Governor Ayodele Fayose. Speaking at his residence in Isan-Ekiti, the former Minister of Solid Mineral Development, said Ekiti State lost value under Fayose, while also promising to re-introduce free education…
Read MoreFirstBank launches Naira MasterCard Promo
In rewarding its customers for using their naira MasterCard for international transactions, First Bank of Nigeria Limited has announced a promotional campaign. The bank explained in a statement that the promo will run for four months, beginning from July 2018, through October 2018. The FirstBank naira MasterCard variants include the classic MasterCard Debit, Platinum MasterCard Debit, and the Expressions on cards. The cards are denominated in naira and issued in partnership with MasterCard worldwide. The cards are linked directly to customers’ naira denominated current and/or savings accounts and offer a convenient alternative to the use of cash and cheques by giving direct access…
Read MorePDP rejects Fayemi’s victory, tags it daylight robbery
Saturday’s governorship election results in Ekiti State has been rejected by the national leadership of the Peoples Democratic Party (PDP). It described the results announced by the Independent National Electoral Commission as a daylight robbery. But the Presidency, in its reaction berated the Ekiti State Governor, Ayodele Fayose, describing him as “a high-powered nothing.” Fayose had, during the electioneering, supported his deputy, Prof. Kolapo Olusola, who is the candidate of the PDP in the election. INEC had early on Sunday announced the All Progressives Congress’ candidate, Dr. Kayode Fayemi as…
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