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01/03/2021

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How Nigeria was saved from N47.6bn fraud at the NNPC —Afe BabalolaA law firm, Afe Babalola & Co, has revealed how the na...
02/08/2020

How Nigeria was saved from N47.6bn fraud at the NNPC —Afe Babalola

A law firm, Afe Babalola & Co, has revealed how the nation was saved from an attempt to defaud it of about $125 million (N47.6 billion) by an international crime syndicate.

The law firm, which acts as counsel to the Nigerian National Petroleum Corporation (NNPC), claimed in a statement on Saturday that it took due diligence by the national oil company to avert the fraud.

It alleged that there was a failed attempt by an international crime syndicate to intimidate, extort and defraud the NNPC and the Federal Government.

It went on to explain that recent media publications alleging that Nigerian government officials, and NNPC staff, sold 48 million barrels of stolen crude oil, was sponsored by a company, SAMANO SA DE CV, which was linked to the crime.

The law firm said: “The management of the Corporation states emphatically that these publications are replete with falsehoods, offensive, gold-digging and a calculated attempt by the said SAMANO SA DE CV (SAMANO) working in concert with its local and international agents to intimidate, blackmail and extort money from the Federal Government of Nigeria and NNPC.”

It also claimed that Samano first contacted officials of the Federal Government in 2015 indicating that it had been approached by an unnamed group in the People’s Republic of China to buy 48 million barrels of Nigerian crude oil, which they believed to have been stolen from Nigeria.

It further disclosed that the Samano had indicated that the crude was stolen and shipped to China before the inception of President Buhari’s administration in 2015, adding that the company requested that it be allowed to purchase the stolen crude after its recovery by the Federal Government.

The Human Rights Writers Association of Nigeria (HURIWA) has given the Federal Government of Nigeria 72 hours to pull aw...
02/08/2020

The Human Rights Writers Association of Nigeria (HURIWA) has given the Federal Government of Nigeria 72 hours to pull away from what it said is the toxic and enslaving loan agreement with China, which threatens the country’s sovereignty.

HURIWA in a statement issued on Saturday by its National Coordinator, Emmanuel Onwubiko, noted that Nigeria has obtained 17 Chinese loans to fund different categories of capital projects, and will continue to service the loans till around 2038, which is the maturity date for the last loans obtained in 2018.

The group lamented and also condemned what it described as the new form of economic colonialism foisted by China and occasioned by toxic and enslaving loan agreements with Nigeria.

It noted that since all Chinese loans are tied to infrastructural developments, some of the African nations have had to forfeit their stakes in the infrastructure, which they used as collateral after they defaulted.

“One of the most cited examples of alleged debt-trap diplomacy by China is a loan given to the Sri Lankan Government by the Exim Bank of China to build the Magampura Mahinda Rajapaksa Port and Mattala Rajapaksa International Airport,” HURIWA said.

The group noted that when it comes to loans, Nigeria has failed to implement the three factors in its engagement with the Chinese. “Failure to do so, in our capacity as a prominent Civil Rights Advocacy Group and in a bid to advance the single agenda of building a formidable and economically strong united Nigeria in general and the future of our youths in particular, we will mobilize civil rights advocacy groups in Nigeria to challenge this new form of economic colonialism foisted by China and signed off by the President Muhammadu Buhari-led administration in court.

“Additionally, we shall write to the United Nations and China to dissociate the entire youths from such a thievery being arranged by the APC led Federal Executive Council of Nigeria, as well as consider protests to the Embassy of China in Abuja if the enslaving loan agreement is not discontinued.

“Similarly, we call on the United Nations to conduct plebiscite on the loan request while warning that if the loans are received and the clause on forfeiture of sovereignty is not legally voided, then it will motivate millions of Nigerians to begin Self Determination agitation or the dissolution of Nigeria.

The Federal Airports Authority of Nigeria (FAAN) has hiked the toll rate of pre-paid users accessing the Murtala Muhamme...
02/08/2020

The Federal Airports Authority of Nigeria (FAAN) has hiked the toll rate of pre-paid users accessing the Murtala Muhammed International Airport (MMIA), Lagos, by 300 per cent. The one-off yearly renewal that erstwhile cost N10, 000 per private vehicle, now costs N40, 000.

Meanwhile, the authority has paid workers on grade level eight and above half salary for the month of July, raising speculations that the management may have slashed salary of senior workers by 50 per cent.

The workers, who got paid some days ago, received half of their monthly salary, while the junior workers got their full remuneration. The authority, which caters for about 10000 workforce nationwide, has been cash-strapped since COVID-19 restricted both local and international commercial flights, with attendant revenue loss.



Operators at the airport and other regular users of the Lagos access toll plaza found that a section of the tolling has increased, while the regular pay-as-you-go booth rates remain the same.

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02/08/2020

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02/08/2020
Buckle up your shoes😊💚
02/08/2020

Buckle up your shoes😊💚

  🍷CCTV is an acronym for Closed Circuit Television. It is everywhere nowadays.
02/08/2020


🍷

CCTV is an acronym for Closed Circuit Television. It is everywhere nowadays.

  🍷MTN: The giant Telecom company, does not stand for mobile telecommunication network. MTN is an acronym for Mobile Tel...
02/08/2020


🍷

MTN: The giant Telecom company, does not stand for mobile telecommunication network. MTN is an acronym for Mobile Telephone Network

  🍷POS is an acronym for Point of Sale System.
02/08/2020


🍷

POS is an acronym for Point of Sale System.

 .                                     🍷.                                    '.   RSVP is an acronym for Répondez S'il V...
02/08/2020

. 🍷. '. RSVP is an acronym for Répondez S'il Vous Plaît, meaning "please respond".

 .                                        🍷.                                          Wi-Fi simply means Wireless Fideli...
02/08/2020

. 🍷. Wi-Fi simply means Wireless Fidelity.

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