A new report on Thursday said despite President Muhammadu Buhari’s attempt at ensuring transparency in the oil sector, the Nigerian National Petroleum Corporation, NNPC, still withholds billions in oil revenues from the government account.
The report by the Natural Resource Governance Institute, titled “NNPC still holds blank check” said that within the first six months of the Buhari administration, the NNPC withheld over $4.2 billion (about N824.7 billion) out of a total of $6.3 billion (N1.24 trillion) revenues realised from crude oil sales in the second half of 2015.
The withheld revenues represented about 66 per cent of the total revenue – $1.4 billion earnings from Nigeria’s regular crude oil exports for the period; $3.4 billion from domestic crude oil sales, and $1.5 billion from oil sold from the corporation’s upstream subsidiary, the Nigerian Petroleum Development Company, NPDC oil fields.
The report said only $2.1 billion (about N413.7 billion) was transferred to the Federation Account.
Friday, December 30, 2016
President Buhari Cannot Clean Up Nigeria if He Cannot Clean Up the NNPC
President Buhari Cannot Clean Up Nigeria if He Cannot Clean Up the NNPC
Thursday, December 29, 2016
ISIS and Boko Haram: Beware of New Targets in 2017
The ISIS Crisis - What Can We Expect? Author/Journalist sees the same level of terrorist attacks or possibly worse in 2017
TORONTO, Dec. 28, 2016 /PRNewswire/ -- Following nearly two years of research, Al Emid's fifth book entitled What You Need to Know About ISIS: Terror, Religion, War and the Caliphate has been released and is now available on all major book sites including Amazon and Barnes & Noble. It goes behind the news about ISIS and examines what lies ahead. This advisory provides perspective on what we can expect on the ISIS Crisis in Terms of Physical Territory, Mosul, Global Appeal, Other Terrorist Groups, New Threats and confirms the Middle East as a Whole is Not Melting Down.
Saturday, December 24, 2016
Friday, December 23, 2016
"The Wedding Party" Makes Biggest Weekend Box Office History in Nigeria, Grosses US$70, 000!
"The Wedding Party" grossed about N31millon (US$70,000) in its opening weekend in cinemas across Nigeria.
Boko Haram Exposed the Corrupt and Incompetent Leadership of Nigerian Army
Boko Haram Exposed the Corrupt and Incompetent Leadership of Nigerian Army
The misappropriations of the revenue allocations for the Ministry of Defence in the administration of former President Goodluck Jonathan left the Nigerian military handicapped to prosecute the war against Boko Haram terrorists on rampage in the north east of Nigeria.
An ill-equipped army is already half defeated.
The misappropriations of the revenue allocations for the Ministry of Defence in the administration of former President Goodluck Jonathan left the Nigerian military handicapped to prosecute the war against Boko Haram terrorists on rampage in the north east of Nigeria.
An ill-equipped army is already half defeated.
Wednesday, December 21, 2016
Thank You for Your Great Support!
I thank Almighty God JEHOVAH for all the blessings, favours, provisions and miracles of the abundance of His infinite grace in my life, family and my company, International Digital Post Network Limited in 2016.
Thank you to all the fantastic companies and great people who patronized and supported us in 2016. You contributed to our success in spite of the challenges of economic recession.
I produced my first film, "Lagos in Motion: Sights and Sounds of Africa's Largest Megacity" and also published the photo album of the documentary film released for worldwide distribution by Amazon. Thanks to all the members of the cast and crew.
I launched our Screen Naija YouTube channel where you can see all the clips of the locations .
Unknown to the public, during the production of the "Lagos in Motion" documentary film, l was challenged by the kidnap of a Nigerian secondary school girl who was lured from Benin in Edo State and taken across the Sahara desert to the Republic of Niger and finally to Libya where she was in the custody of sex traffickers waiting to be sold as a sex slave or taken across the Miditterean Sea to Europe. I was able to secure her release after 90 days. And she returned by air to Nigeria and rejoined her family in Benin city. Thanks to all those at the UN, UNICEF and IOM who gave me their morale boosting support.
Then on August 31, I was among those who were invited to meet with Mark Zuckerberg, Cofounder and CEO of Facebook at the Afrinolly Space during his first trip to sub Saharan Africa; with special thanks to Mr. Chike Maduegbuna and Mrs. Jane Maduegbuna of Afrinolly.
Thanks to the following people and companies for their patronage and support.
Afrinolly Space
Inflatable Zone Toys Co.,Ltd
Inflatable Zone
EbonyLife TV
Del-York International
GAC Motor
Mr. & Mrs. Clarke EkenediriChukwu Eke Mr. Femi Odugbemi
Alyssa Johnson
Mr. Anthony Osae-brown
Ms. Mo Abudu
Mrs. Stephanie Linus
Miss. Christabel Momodu
Mr. Felix Omokagbo Jegede
Miss. Nunnsi Ojong
Miss. Celina Ideh
Miss. Meg Masha
Miss. Franca Aide
Miss. Cynthia Chima
Mr. Godson Uche Okeke and others who contributed to our progress and success.
May Almighty God JEHOVAH continue to bless you all.
I wish you Merry Christmas and Prosperous Happy New Year 2017!
Capture the Big Picture of the Future!
Saturday, December 17, 2016
Sunday, December 11, 2016
The Piracy of My Book on Google Sites
I have just seen an unauthorised free download of my book on Google sites.
[PDF]
[Free] The Victory of Muhammadu Buhari and the Nigerian Dream: My ... -
Sites
https://sites.google.com› site › The-Vict...
Read E-Books online The Victory of Muhammadu Buhari and the Nigerian Dream:
My Testimony on the 2015 Presidential Election, ...
I did not authorize or permit a free download of my book published by Lulu and Amazon.
With a pirated free download of the book, people will not want to buy the book that cost me a lot of money for the research, writing, editing, book design and publication.
I will be seeking legal action against Google Sites on this clear case of book piracy.
Sincerely,
Ekenyerengozi Michael Chima
https://www.amazon.com/author/ekenyerengozimichaelchima
https://twitter.com/247nigeria
Emergent Payments Moves Into Nigeria
Emergent Payments Moves Into Nigeria
Growth markets payment solution provider, Emergent Payments, opens a local office in Nigeria and releases a secure offering for businesses looking to enter Africa.
Growth markets payment solution provider, Emergent Payments, opens a local office in Nigeria and releases a secure offering for businesses looking to enter Africa.
Governor Udom Emmanuel's State Broadcast On the Collapse of Reigners Bible Church in Uyo
TEXT OF A BROADCAST BY GOVERNOR UDOM EMMANUEL COMMISERATING BEREAVED FAMILIES ON THE TRAGIC INCIDENT AT REIGNERS BIBLE CHURCH INTERNATIONAL, UYO.
Fellow Akwa Ibomites, Today we had an unfortunate incident when the roof of Reigners Bible Church Int'l, Uyo collapsed while service was going on.
Fellow Akwa Ibomites, Today we had an unfortunate incident when the roof of Reigners Bible Church Int'l, Uyo collapsed while service was going on.
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