By Our Reporter Following a Transfer, Settlement, and Exit Agreement (ATSEA), the Nigerian National Petroleum Company (NNPC) Limited has taken over the assets of Addax Petroleum Development (Nigeria) Limited. This is coming three months after the execution of the ATSEA for the PSC Oil blocks, OMLs 123/124 & 126/137, operated by the company. NNPC Chief Corporate Communications Officer, Garba Deen Muhammad, in a statement on Tuesday, said all closing obligations have been concluded and the Assets have been transferred to the Concessionaire, NNPC Limited. The statement said the NNPC has taken necessary steps to take over the assets and oversee a clean, amicable, and speedy exit for Addax Petroleum Ltd., operate the asset on interim basis as a first step and subsequently appoint a competent replacement PSC contractor while NNPC Limited continues to remain the Concessionaire of the assets in line with extant laws and regulations. He also said exit negotiations and form...
By Our Reporter President Muhammadu Buhari has instructed the Nigeria Immigration Service (NIS) to enhance border surveillance ahead of the forthcoming general election. Rauf Aregbesola, minister of interior,made the call on Tuesday during the inauguration of the Katsina NIS command office and roll-out of the enhanced e-passport in the state. “President Muhammadu Buhari has ordered that Nigerian borders should be made impenetrable to foreign bodies who might want to come in and manipulate the election process or engage in other nefarious activities,” he said. “The order from the president is that between now and the time that we conclude all the elections, please make our borders impregnable. They should still remain impregnable, even after the elections. “We don’t want a situation whereby those who are not qualified to vote in Nigeria will come into our nation to illegally participate in the process.” The minister reiterated that the primary assignment of the service is border co...
By Terseer Jackson As the 21st edition of the National Sports Festival in Delta state gradually comes to an end, six States of the Federation have so far indicated interest to be given the hosting right of the next edition which is expected to hold in 2024. According to a press release by the Director, Press and Public Relations , the Minister disclosed this today at the Stephen Keshi Stadium Asaba, the Delta State Capital, shortly after watching the Gymnastics event between Team FCT, Delta and Ondo at the ongoing sports festival. Dare who was answering questions from journalists said that presently, he does not know which State is going to be the next host until the Committee which is headed by the Director, National Sports Festival & Para Sports Department of his Ministry and Secretary, Main Organising Committee, MOC Mr Peter Nelson submits their report on the hosting right. He stated further that the report which will reveal the next host is likely to be su...
Comments
Post a Comment