Category: Economy

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Ex-Governor of Delta State James Ibori denies receiving any contract from NDDC

Former Governor of Delta State, Chief James Ibori, Monday denied soliciting for, getting or executing any contract from the Niger Delta Development Commission (NDDC). He therefore advised Akpabio to “calm down and face the task at hand”. Ibori’s denial is contained in a statement issued by his media aide, Mr. Tony Eluemunor. In the statement, titled: “Gov Akpabio Calm Down; I Never Got Any NDDC … Continue reading Ex-Governor of Delta State James Ibori denies receiving any contract from NDDC

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TUC should partner with Buhari against corruption, not stampede him – Presidency

The reported plan by the Trade Union Congress (TUC) to embark on a nationwide protest over the alleged President Buhari’s “inaction over the high-level of corruption uncovered at the Niger Delta Development Commission (NDDC), the Nigeria Social Insurance Trust Fund (NSITF) and the Economic and Financial Crimes Commission (EFCC)” is ill-advised and totally uncalled for, considering that there are ongoing investigations in the cases by … Continue reading TUC should partner with Buhari against corruption, not stampede him – Presidency

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Economy, Featured, News, News Now, Politics, Money, Foreign News, LifeStyle

PDP Berates APC For Defending the Mortgaging of Nigeria’s Sovereignty

The Peoples Democratic Party (PDP) says the attempt by the All Progressives Congress (APC) to trivialize the mortgaging of the nation by raising frivolous allegations against the PDP validates APC’s complicity in the pawning of our country to foreign interests. The party holds that APC’s jaundiced reaction to the attempt to send a future generation of Nigerians to China on slavery shows that the APC … Continue reading PDP Berates APC For Defending the Mortgaging of Nigeria’s Sovereignty

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COVID-19: Air Peace confirms termination of pilots’ appointments

…Says decision painful The management of Air Peace has confirmed the termination of pilots in its employ, saying it had to make the painful decision due to the devastating effects of the COVID-19 pandemic on its operations and finances.  There were reports that Nigeria’s largest carrier terminated the employment of 69 of its pilots and other workers in its employ but the airline said the … Continue reading COVID-19: Air Peace confirms termination of pilots’ appointments

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NDDC: Akpabio Names Orji Kalu, Uduaghan, James Ibori In Contract Scandal

Also linked to the contracts in the letter submitted to the House of Representatives Speaker, Femi Gbajabiamila, is a former lawmaker for the Imo North (Okigwe) constituency of Imo State, Senator Ifeanyi Ararume.In the letter with Reference Number MNDA/HM/04/IV/158, addressed to the Clerk to House of Reps, Patrick Giwa, and also copied to the office of the Attorney General of the Federation/Minister of Justice, Abubakar … Continue reading NDDC: Akpabio Names Orji Kalu, Uduaghan, James Ibori In Contract Scandal

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EFCC Secures Final Forfeiture of N827.6m from NDDC Contractors.

The Economic and Financial Crimes Commission, EFCC has secured the final forfeiture of N827, 679,098.32 (Eight Hundred and Twenty-Seven Million, Six Hundred and Seventy-Nine Thousand, Ninety-Eight Naira, Thirty-Two Kobo) from Flank Power Resources Limited and GMFD Ventures Limited, both of whom are firms linked to contractors with the Niger Delta Development Commission, NDDC. Matthew Edevbie is the Chief Executive Officer of Flank Power Resources Limited. … Continue reading EFCC Secures Final Forfeiture of N827.6m from NDDC Contractors.

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I never approached NDDC for a contract – Uduaghan

The former Governor of Delta State, Dr Emmanuel Uduaghan, on Monday said he has never approached the Niger Delta Development Commission (NDDC) for any contract. In a publication in some section of the media, the Minister of Niger Delta Affairs, Godswill Akpabio linked Uduaghan and his predecessor in office, James Ibori to various contracts awarded by the NDDC. Uduaghan was specifically linked to the emergency … Continue reading I never approached NDDC for a contract – Uduaghan

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APC replies Atiku, PDP: Account for failed $460m Abuja CCTV, $2bn China Loan

The All Progressives Congress, APC, on Monday asked former Vice President, Atiku Abubakar and his Peoples Democratic Party, PDP, to explain to Nigerians the status of the failed $460 million Abuja Closed-Circuit Television (CCTV) awarded in August 2010 by the immediate-past PDP administration. The party also asked the PDP to explain the over $2 billion China loan its administration took between 2010 and 2013 alone; … Continue reading APC replies Atiku, PDP: Account for failed $460m Abuja CCTV, $2bn China Loan

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Buhari approves Amos Azi as head of Investment and Securities Tribunal

President Muhammadu Buhari on Monday approved the appointment of Barrister Amos Isaac Azi as Chairman/Chief Executive Officer for the Investments and Securities Tribunal (IST). Azi, before this appointment, was a staff of the Securities & Exchange Commission. A statement from the IST said “his appointment is for an initial period of Five (5) years in accordance with the provisions of Sections 275(2) and 277(1) of … Continue reading Buhari approves Amos Azi as head of Investment and Securities Tribunal

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Wike signs revised 2020 budget

…Pledges commitment to quality project delivery Rivers State Governor, Nyesom Ezenwo Wike has signed into law the revised 2020 Appropriation Bill. This followed the presentation of the Budget by the Majority Leader of the State House of Assembly, Hon. Martin Amaewhule, to him at Government House, Port Harcourt. Total figure of the revised budget for 2020 fiscal year signed by the Governor is N300,370,071,183.33 Billion.It … Continue reading Wike signs revised 2020 budget

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