N15.2bn petrol racket: NNPC fires three directors

The Nigerian National Petroleum Corporation (NNPC) yesterday struck its retail directorates, which had  been neck-deep in the N15.2 billion missing Premium Motor Spirit (PMS) also known as petrol, sacking three directors and deploying four others.The corporation, which had earlier promised measures to achieve full recovery of over 130 mil   lion litres of petrol, worth N15.162 billion based on N116.63 per litre ex-depot price from Capital Oil and Gas Limited, had      prom ised to punish its staff involved in the missing fuel racket. The product, stored in the facilities of two indigenous…

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DSS foils attempt to bomb US, UK embassies in Abuja

Dss operatives

                         …busts ISIS-linked Boko Haram ring                          …arrests suspected terrorists, kidnappers       The Department of State Services (DSS) has foiled a plot by Islamic State of Iraq and Syria (ISIS)-linked Boko Haram elements to attack the United States embassy, the United Kingdom High Commission, as well as other western interests in Abuja. It will be recalled that a car-bomb attack on the United Nations Building in Abuja on August 26, 2011, had left at least 18 people dead, and scores injured. In a statement by Mr. Tony Opuiyo,…

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The sack of Pravin Gordhan

Pravin Jamnadas Gordhan is a well-polished South African politician. He was a Minister of Co-operative Governance and Traditional Affairs (2009-2014). The incumbent President, Jacob Zuma, appointed him as Minister of Finance in 2014 until March 30, 2017, when he was sacked from office in a controversial cabinet reshuffle. Gordhan was replaced with Malusi Nkanyezi Gigaba as Finance Minister. Prior to this political elevation, Gigaba was the Minister of Home Affairs with effect from May 26, 2014. It is relevant to add that Gordhan and eight other ministers were clear victims…

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DSS nabs ISIS-Boko Haram members planning to attack UK, US embassies

Dss operatives

The Department of State Services (DSS) on Wednesday said it has nabbed members of the Islamic State of Syria and Iraq and those of Boko Haram planning to attack the United Kingdom and United States of America embassies in Nigeria. A section of Boko Haram had about two years ago pledged allegiance to the ISIS. In a statement on Wednesday, the spokesman of the DSS, Tony Opuiyo, gave an update on the activities of the Service, which included the arrest of those planning to attack the embassies in Nigeria. The…

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Brazil top FIFA rankings for first time in seven years

Five-times world champions Brazil have returned to what they will consider their rightful place at the top of the FIFA rankings for the first time in seven years. Brazil have enjoyed an impressive revival since Tite replaced Dunga as their national team coach last year, winning all nine matches they have played under his leadership including eight World Cup qualifiers. They continued their run in March with a 4-1 win in Uruguay and 3-0 win over Paraguay to become the first side to book their place at next year’s World…

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Crude swap racket: NNPC recoups $202m from AITEO

The Nigerian National Petroleum Corporation (NNPC) has recouped $202 million as outstanding payment on crude for product swap from Aiteo Group. The corporation, which confirmed this yesterday, stated that it would continue to go public on recovery process for product under-deliveries in the $184 million crude swap racket, which rocked the corporation up till August 2014 when the crude swap contracts were cancelled. Stating that the rigorous recovery efforts were in line with the ongoing reforms in the industry, the NNPC, in a statement by its Group General Manager, Group…

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INSIDE POWER FIXED CHARGE RACKET

How Power Distribution Companies (DISCOs) shortchanged Nigerians for N81bn By February 1, when the controversial fixed charges were stopped, investors in the Distribution Companies (DISCOs) had ripped-off Nigerians to the tune of N81 billion for electricity not supplied. ADEOLA YUSUF reports   Benjamin Dikki, the Director- General of the Bureau of Public Enterprises (BPE), who completed the sale of power assets to new investors on Friday, November 1, 2013, was sacked on Monday, February 15. Before his sacking, Dikki had been criticised by many Nigerians, especially those in the Senate…

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