ThursdayHeadlines 19th September 2019 1. 2. 3. sunday_oguntola NigeriainfoFM CoolFMNigeria tvcnewsng KakaakiSocial NaijaFm1027IB naijafm1027 THEBEAT999FM wemimospot Kingbiodun_ Wazobia_FM
by the House of Representatives over the $9.6 billion judgment debt against the country in the United Kingdom.
It mandated a 17-man ad Hoc Committee to invite the ministers and other government officials that are connected to the deal. Ihonvbere noted that the $9.6 billion by a commercial court in the United Kingdom against Nigeria, “leaves a very sour taste in the mouth.” “Aware also that Nigeria had entered into a Gas Supply and Processing Agreement with P &ID Limited, in January 2010, through the Ministry of Petroleum Resources with the understanding that Nigeria would supply natural gas at no cost, through a government pipeline to P&ID’s production facility, while P&ID in return would construct and operate the facility, process the wet gas and return to the government of Nigeria lean gas for the generation of power at no cost to Nigeria.
Ihonvbere expressed concern that the agreement was somewhat shrouded in secrecy and as such apparently dubiously procured, “as those who ought to know about its existence did not and more importantly, the relevant laws in Nigeria for the transaction to be consummated was not applied especially, Part IV of the Bureau of Public Procurement Act 2007 which deals with the fundamental principles of procurement.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reps probe P&ID $9.6bn contract, invite Malami, Sylva
Read more »
9.6bn judgement: Reps summon Malami, Sylva, others - Daily Post NigeriaThe lower legislative chamber of the National Assembly, on Wednesday, set up a 17-man ad hoc committee to invite the Minister of Justice and Attorney Gener
Read more »
Buhari Dissolves Public Property Recovery Panel, Orders Malami to Take Charge - THISDAYLIVEOmololu Ogunmade in Abuja President Muhammadu Buhari Tuesday in Abuja dissolved the Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) chaired until his suspension by Mr. Okoi Obono-Obla. Obono-Obla was recently suspended over allegations of abuse of office and gross misconduct. A statement by Special Adviser to the President on Media and Publicity, …
Read more »
BREAKING: Buhari dissolves panel established by Osinbajo, issues new order to AGF Malami - Daily Post NigeriaPresident Muhammadu Buhari on Tuesday dissolved the Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) as currently consti
Read more »