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FG sues JP Morgan for $875m over Malabu deal

FG sues JP Morgan for $875m over Malabu deal

The federal government has reportedly sued JP Morgan Chase for $875 million over funds paid for the contentious oil prospecting licence (OPL) 245. The government has accused JP Morgan of gross negligence in transferring part of the $1.3 billion payment made by Shell and Eni to secure the oilfield deal from Malabu Oil and Gas,

Herdsmen, farmers violence: Osinbajo leads nine governors to find solutions

The National Economic Council, NEC, has set up a ten-member committee to address the widespread farmers/herders clashes across the country. The committee is headed by Vice President Yemi Osinbajo and includes nine governors. Briefing State House correspondents after the NEC meeting, the Kano State Governor, Abdullahi Ganduje, said the committee has as members governors of

We don’t need National Assembly’s permission to subsidise petrol – NNPC

The Nigeria National Petroleum Corporation, NNPC, has given reasons for paying ‘subsidy’ on petrol without appropriation from the National Assembly. The Managing Director of the Petroleum Products Marketing Company, PPMC, Umar Ajiya, said the NNPC Act is a law on its own which the corporation implements with or without the National Assembly. The PPMC is

‘Arise and defend your land’ — the statement that made DSS go after Plateau pastor

The Department of State Services (DSS) attempted to arrest Isa El-Buba, general overseer of the Evangelical Outreach Ministries International, Plateau state, earlier in the week. Operatives of the secret police were said to have invaded the residence and church of the cleric but youth in Jos, the state capital, prevented his arrest. Addressing journalists after

Dogara to Buhari: Fuel scarcity, subsidy a ‘betrayal’

Speaker of House of Representatives, Mr Yakubu Dogara, has expressed frustration with the lingering fuel crisis, accusing the executive arm of “betrayal”. Dogara said coming after the government raised the price of petrol, with the assurance that subsidy had been removed and there will be no scarcity, the executive must give compelling reasons for Nigerians

Benue Killings: Presidency replies CAN

The Nigerian presidency has reacted to accusations by the General Secretary of the Christian Association of Nigeria, CAN, Musa Asake, that President Muhammadu Buhari of bias in his handling of attacks by suspected herdsmen across the country. Mr. Asake had addressed journalists on Tuesday in reaction to attacks that led to the death of several

Shehu Sani: Senators can’t confront Buhari on killings because they want to be re-elected

Shehu Sani, senator representing Kaduna central, says some of his colleagues can’t confront President Muhammadu Buhari on the killings across the country because they want to be re-elected in 2019. Sani said this on Tuesday on the floor of the senate while debating a report of an ad hoc committee on security. He said instead

Buhari is my friend but we can’t succeed if we continue like this, says Bisi Akande

Bisi Akande, a chieftain of the All Progressives Congress (APC), says the presidential system of government Nigeria is practising can no longer sustain its growth and success. Akande made the remark while addressing a news conference in his country home, Ila, Osun state as part of activities to mark his 79th birthday. He said multi-party

UN appoints Nigerian to head special investigation into killing of Burundians

Jean-Pierre Lacroix, UN under-secretary-general for peacekeeping operations, has appointed Chikadibia Obiakor to lead a special investigation into the killing of Burundian refugees in the Democratic Republic of the Congo. Obiakor is a retired lieutenant general. Stephane Dujarric, spokesman for the UN secretary-general in New York, announced this in a statement issued in New York. No