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Capital Oil and Gas Limited, owned by businessman, Ifeanyi Ubah has alleged that the Nigeria National Petroleum Corporation (NNPC) owes it N16 billion. The company stated this in reaction to the arrest and detention of its chairman, Ubah by the Department of State Security (DSS) for what the agency said was based on his involvement in alleged stealing, diversion and illegal sale of petroleum products stored in his tank farm. But in a statement released on Monday, the management of the company denied the accusation, adding, that it is an attempt to criminalise a commercial dispute between the company and the NNPC. While it was widely reported that Capital Oil and Gas was unable to return 82 million litres of petrol, valued at N11 billion, out of over 100 million litres which the NNPC kept with it, the company said rather, it was the NNPC that owes it N16 billion. According to the company, it is owed “$5,540,000 (N2.2billion) – unpaid berthing fees for NNPC vessels that ca...

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called on the Federal Government to embrace the use of dialogue to resolve the lingering impasse between the management of Capital Oil and Department of State Services (DSS), over the illegal sale of petroleum products stored in their tank farm by the NNPC. The union stated that workers have the right to protest the non-payment of their salaries and allowances and that the Federal Government should secure the jobs of those working in the sector. NUPENG, in a statement signed by its President, Igwe Achese, stressed that although it does not support the illegal diversion and sale of petroleum products, it was of the opinion that the Federal Government cannot sit still and watch workers lose their jobs. The Union also made reference to the case of Seawolf Oil Services that was taken over by the Assets Management Corporation of Nigeria (AMCON) in which it says workers are yet to be paid their backlog of salaries and ent...

Strong indications have emerged from the presidential villa that ailing Nigerian president Muhammadu Buhari is set to make world record by seriously considering resignation as the president of the country due to his inability to effectively pilot the affairs of the country as a result of ill health. The meeting by three former military Heads of State Generals Olusegun Obasanjo, Ibrahim Babangida and Abdulsalam Abubakar in Minna, Niger state on Tuesday was to consider two strong burning issues before allowing President Buhari to turn in his resignation letter to the National Assembly. The three former leaders who met in Minna under closed doors consider the former speaker of the House of Representatives and current Sokoto State Governor Alhaji Aminu Waziri Tambuwal and immediate past Kano State Governor and serving Senator Rabiu Musa Kwamkwaso as possible vice president to Prof Yemi Osinbajo in the event he takes over. President Buhari had mulled the idea of resignation with the thre...

Lagos is NOT Yoruba Land. ~ Oba Akiolu. Coming from the palace, with what I was told by my late paternal grandmother who is a descendant of Oba Ovonramwen Nogbaisi. Also reading from factual Historical books. Let me share this Knowledge with you all on Eko/Lagos. Modern-day Lagos was founded by Prince Ado, the son of the Oba of Benin, Prince Ado was the First Oba of Lagos, the son of the Bini King, Prince Ado, named the town Eko until the Portuguese explorer Ruy de Segueira changed the Maritime town to Lagos, which at that time from 1842 was Portuguese expedition center down the African Coast. It was a major center of the slave trade until 1851. Lagos was annexed by Britain via the Lagos treaty of cession in 1861, ending the consular period and starting the British Colonial Period. The remainder of Modern-day Nigeria was seized in 1886, when the Colony and Protectorate of Nigeria was established in 1914 Lagos was declared its Capital due to the struggle of the Bini King. Lagos ex...

Three insiders in the Presidency have told SaharaReporters that President Muhammadu Buhari is being fed intravenously as he has had severe difficulty eating and drinking fluids for several days. The sources also disclosed that, although President Buhari's health had held up for a while after his return from an extended medical vacation in the United Kingdom, his condition has deteriorated in the last several weeks. They pointed to Mr. Buhari's eating and drinking problems that have left him too frail to leave his official residence at Aso Rock Villa to attend any official functions. Mr. Buhari has been unable to attend the weekly Federal Executive Council (FEC) meeting three weeks in a row. Last week he also failed to attend the Friday Juma'at prayers because he had to undergo urgent medical treatment that had him confined to a medical room secretly set up inside the residential area of the villa. President Buhari was also conspicuously absent from the wedding of his inf...

Nollywood actress, Rita Dominic has revealed why she is yet unmarried. Rita, a veteran Nigerian actress was speaking in an interview with a lifestyle and fashion magazine, Schick, where she said that she could have been married a long time ago, but things didn’t work out. The multiple award-winning actress, however, is hopeful that God will present the right man to her at the right time. She said, “I believe that God is in charge of my life and will present the right man to me at the right time.” When asked whether social pressure don’t get to her, Rita replied, “I am a human being and I would be lying to say that it doesn’t sometimes. “More so because it’s something I sincerely want to do but the feeling passes when I remember that society will not live with the person. “I will live with the man, so it is very important that I do it because I want to, not because society wants it for me.” On the myth that sex, for women, get...

An Igbo socio-cultural association, Nzuko Umunna, has warned against the further abuse of the rights of Nnamdi Kanu, leader of the Independent People of Biafra, IPOB even as it expressed satisfaction that Kanu has been released after a protracted detention by the federal government. In a statement signed by the association’s Coordinator, Ngozi Odumuko, and the Secretary, Paschal Mbanefo, the group lamented the stringent conditions attached to the bail conditions of the IPOB leader and expressed happiness that it was eventually met. It thanked all those who made this possible but was also very quick to add that unless the three others, Chidiebere Onwudiwe, Benjamin Madubugwu and David Nwawuisi, charged alongside Kanu were released, and all charges against all of them dropped, justice would still not have been seen to be done. It therefore urged the federal government to take the necessary steps to respect the rights of Kanu and his colleagues and ensure that the issues fue...