NewsReports

ABUJA —The Nigerian National Petroleum Corporation, NNPC, has concluded plans to conduct a forensic audit of the accounts of the state oil company and effect a fundamental restructuring to turn out a new NNPC in five months time. The Group Managing Director of the Corporation, Emmanuel Kachikwu, who disclosed this, yesterday, in Abuja said the audit will cover 2014 and …

ABUJA — President Muhammadu Buhari, yesterday, charged the new service chiefs to synergize with other nation’s security apparatus and hunt down Boko Haram insurgents within the next three months. The President said that would be the only way the new military helmsmen would justify the confidence reposed in them by his government. In a brief but colourful swearing-in ceremony of …

ABUJA—The Senate, yesterday, constituted an ad-hoc Committee to carry out a holistic investigation into the management of funds appropriated to the power sector from the Olusegun Obasanjo civilian administration to date. Announcing the 13-man ad-hoc committee, yesterday, Senate President, Bukola Saraki urged members of the committee to consider their reputation and integrity and come up with a report that would …

Abuja – President Muhammadu Buhari on Wednesday in Abuja pledged that his administration would ensure steady electricity supply for faster socio-economic development. Buhari stated this after being briefed by the Permanent Secretary, Federal Ministry of Power, Amb. Godknows Igali. According to the president, his administration will give the fullest possible attention to boosting power supply in Nigeria because it was …

LAGOS — The Central Bank of Nigeria, CBN, yesterday disagreed with the restructuring some banks have effected in their debit card, otherwise known as Automatic Teller Machine (ATM) services as well as some measures they introduced on foreign cash and e-payment transactions this week. Some banks had early this week imposed N60,000 per day limit on ATM withdrawals while also …

ABUJA—The trial of former public officers who looted the national treasury and stashed the funds in foreign banks will commence in few weeks. President Muhammadu Buhari disclosed this, yesterday, when he met members of the National Peace Committee led by former Head of State, General Abdulsalami Abubakar at the Presidential Villa, Abuja. General Abubakar, however, advised President Buhari to follow …

Governor of Edo State, Comrade Adams Oshiomhole has assured the internally displaced persons at a camp in Uhogua, Benin City, that Edo is home to all, and that the state government will take care of their needs while they remain in the camp. Speaking during his on-the-spot assessment of facilities and condition of inhabitants of the camp, in company of …

ABUJA-Prosecution of corrupt officials of the immediate past regime and other individuals suspected to have committed criminal acts would start soon, President Muhammadu Buhari said Tuesday in Abuja. The president who also vowed to break the vicious cycle of corruption, unemployment and insecurity in Nigeria stated that his administration would not only ensure that stolen monies stashed in foreign bank …

Thirty eight top management staff of the Nigerian National Petroleum Corporation (NNPC) were, on Tuesday, retired by the Federal Government. The action reduced the number of top management positions at the corporation from 122 to 83. Also in line with the aspiration to reposition the corporation, 12 personnel were recruited from the private sector into the top management cadre to …

ABUJA – House of Representatives is contemplating a legislation that would guarantee financial autonomy to federal government owned media organizations to ensure prompt payment of Journalists’ salaries. Chairman, Adhoc Committee on Media and Publicity, Hon. Sani Zorro made the disclosure yesterday in Abuja. Zorro who was a former President of Nigerian Union of Journalists, NUJ was in the presidential villa …