The federal government will soon restart the search for crude oil in areas around the Lake Chad Basin that have been liberated from the Boko Haram terrorist group.
An ex parte application was filed by Ubah’s lawyer, Ifeoma Esom at the Federal High Court, Lagos on Tuesday.
The funds were approved for NIA’s ‘covert operations’ by President Goodluck Jonathan and subsequently withdrawn in cash from NAPIMS account with the Central Bank of Nigeria, CBN.
“By this Press Release, we inform the public (especially the News Media)that the said sums of money and/or the apartment where the sums of money were found do not belong to Our Client,” read the statement by Nnamdi-Ogbue’s lawyers.
The PIB has been an ongoing project for years now and had many times been reconstructed and redrafted but has never been passed into law.
NEITI said the NNPC and the NPDC, have failed to remit $21.778 billion and N316.074 billion respectively to the Federation Account.
Many of Nigeria’s favourite oil export destinations are abandoning the country for the United States which itself used to be the country’s biggest importer of crude blend.
The Economic and Financial Crimes Commission, EFCC, instituted a six-count money laundering charge against former Group Managing Director of the Nigerian National Petroleum Commission, NNPC, Andrew Yakubu.
The Federal High Court, Lagos has ordered the permanent forfeiture of monies totaling about N34 billion which was said to belong to the former Petroleum Minister, Diezani Alison-Madueke.
Minister of State for Petroleum Resources, Ibe Kachikwu, has again expressed optimism that Nigeria would stopped the importation of Premium Motor Spirit, PMS, commonly known as Petrol by 2019.