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Company Owned By Northern States To Begin Oil And Gas Exploration In The Northeast In 2016

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NNDC-copy

The New Nigeria Development Company (NNDC), owned by the 19 Northern States of Nigeria, on Friday, said it would begin oil and gas exploration in the north-east in the first quarter of 2016.

Chairman of the company, Alhaji Bashir Dalhatu, stated this while briefing journalists at NNDC’s 47th Annual General Meeting (AGM) in Kaduna.

According to him, the company was collaborating with its technical partners and the Nigerian National Petroleum Corporation (NNPC) on the expertise and budgetary requirements for the take-off of the project.

Also speaking, the company’s Group Managing Director (GMD), Alhaji Ahmed Musa explained that NNDC could not commence the project as earlier planned due to the security situation in the region. Apart from that, he noted that the company was constrained by finance and production sharing formula.

Musa said the company needed $20 million dollars for exploration on each of four oil blocks which caused part of the delay. However, he assured that plans were underway to begin the project within the first quarter of 2016.

He said that the NNDC would open the exploration in the four oil blocks allocated to it in the Lake Chad Basin, while plans were underway to acquire four more oil blocks in the region.

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2 Comments

2 Comments

  1. niko

    December 12, 2015 at 9:44 am

    Now that oil is failing, what about exploration of the plethora of mineral resources locked in the vast desert of the North? Like gold, bauxite, uranium, etc. in more than commercial quantity? Get cracking. No more free money under Buhari/Osinbajo presidency.

  2. Evaristus Udeani

    December 13, 2015 at 9:58 am

    You are planning ahead to seceed as soon as you get oil in the North. That time you will no longer be interested in one indivisible Nigeria. How about all the solid minerals abound in the North?
    You want to use the resources from the south to develope the project for the 19 Northern States who will then claim ownership and not give credit to the federal government and the dividends will not accrue for the federation account.
    The 19 Northern states should fund the project if they so wish and indigenize the project. Why was there no allocation of any of the oil blocks to any southerner if you believe in one indivisible and united Nigerian Nation/country?

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Unknown Gunmen Kill Ondo Traditional Ruler, Olufon Of Ifon

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Unknown Gunmen Kill Ondo Traditional Ruler, Olufon Of Ifon

Olufon of Ifon

Oba Adegoke Adeusi, the Olufon of Ifon under Ose Local Government Area Ondo State, has been murdered by unknown gunmen suspected to be bandits.

Oba Adeusi was reportedly killed on Thursday evening at a spot around the Elegbeka axis of the town.

According to reports, the monarch was initially kidnapped before he was eventually killed.

Also Read: Shehu Sani Raises Alarm As Bandits Allegedly Kidnap Scores On Kaduna-Abuja Road

The monarch reportedly died at the Federal Medical Centre in Owo, as a result of gunshots he sustained during the attack.

The Police Public Relations Officer in the state, Tee Leo-Ikoro, confirmed the incident to Channels Television.

Describing the event as an unfortunate one, the Police spokesman in the state also revealed that two people in the monarch’s convoy were kidnapped.

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No Pardon For Rapists, Says Sanwo-Olu

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No Pardon For Rapists, Says Sanwo-Olu

Babajide Sanwo-Olu

Governor of Lagos State, Babajide Sanwo-Olu has expressed that there is no pardon for people indicted in reported cases of rape and gender-based violence.

The governor made this remark on Thursday when he received a 54-page compendium on Sexual and Gender-Based Violence compiled by the Stakeholders’ Committee set up by this wife, Dr. Ibijoke Sanwo-Olu.

The Committee was set up to give recommendations on how the fight against sexual and gender-based violence can be won.

Speaking at the occasion, Sanwo-Olu, restated his commitment to protecting the vulnerable demographics and getting justice for victims violated.

Also Read: Don’t Allow Conspiracy Theorists Undermine Lagos Security, Sanwo-Olu Tells Residents

The governor said, “I am delighted by the work done by the Stakeholders’ Committee to bring attention to the problems facing voiceless adults and children in our society. Through your efforts, vulnerable people are building the courage to speak out on offences of sexual violence and heal their wounds.

“We will bring people, who have been perpetrating these crimes, knowingly or unknowingly, to book. We will ensure they never walk freely without the full wrath of the law brought upon them. It is part of our responsibility to ensure that the vulnerable members of our society have a voice and have access to where they can get justice when their rights are violated.”

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Vendor’s Widow Disowns Family Over N500m Lawsuit Against Gbajabiamila

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Vendor’s Widow Disowns Family Over N500m Lawsuit Against Gbajabiamila

Femi Gbajabiamila

Josephine Okereke, wife of the Abuja-based vendor killed by a security aide of Femi Gbajabiamila, speaker of the house of representatives, has rejected the family’s demand of N500 million compensation.

Okereke while speaking to newsmen on Thursday stated that what she wants is justice for her late husband, and not the compensation being sought by his family.

Recall that some days ago, Ifeanyi, her husband, was shot by Abdullahi Hassan, a Department of State Services (DSS) operative attached to the speaker.

Also Read: Family Of Slain Vendor Demands N500m Compensation From Gbajabiamila, Threatens Legal Action

Days after the Speaker promised to ensure justice, the family of the slain vendor wrote the speaker, demanding a N500 million compensation.

Okereke, however, told journalists in Abuja that she was not privy to the N500 million compensation requested by the family.

“I was in my house when within 10 minutes my father-in-law came from Abia, he went out along with his other son and the next day I heard that my husband’s people are demanding N500 million as compensation,” she said.

“I was shocked and asked how will they be doing that and how will the speaker help the children again with such demand. All I want now is that the person that killed my husband to face justice.”

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