Most Influential Newspaper in Nigeria
The House of Representatives has waded into the alleged N13.07 billion contract debt owned an indigenous oil company, DE COON Services Limited by the Nigeria Agip Oil Company .
Onubuogu, in the petition addressed to the speaker of the House, Hon. Femi Gbajabiamila, said that he was forced to take the step because NAOC had received over 70 per cent of the monies via several cash-calls performed with NAPIMS for the contract but failed to pay its debt to DE COON. Onubuogu further alleged that NAOC which owns 20 per cent share in the Joint Venture operation with the federal government is trying to frustrate and transfer his company’s contracts to its Italian, local contractors and stooges. He accused two officials of NAOC of being used to perpetuate the contractual and financial crimes against his company in collaboration with another senior female staff of Oando.
The firm boss equally prayed the House to direct NAOC to allow his company to supply the two new gas generators to enable him submit invoices since NAOC, NAPIMS and Oando participated in the Factory Acceptance Test at the Original Equipment Manufacturer’s facility in the USA and signed the Test Reports.
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.
We must review Chinese, other loan agreements, Reps insist|p style=
Read more »
Loan: Atiku Says Buhari, APC Owe Nigerians ApologyLoan: Atiku Says Buhari, APC Owe Nigerians Apology
Read more »
Loan: Buhari, APC Owe Nigerians Apology, Says Atiku - THISDAYLIVEBy Chuks Okocha Former vice president and the presidential candidate of the Peoples Democratic Party (PDP) in the 2019 general election, Atiku Abubakar, Sunday said that the President Mohammadu Buhari led government and the All Progressives Congress (APC) must apologise to Nigerians and make an admittance of guilt for taking the country through the throes …
Read more »
Loans: Buhari, APC owe Nigerians apology, says Atiku
Read more »
Man Saved From Jumping Into Lagos Lagoon Over N500,000 DebtMan Saved From Jumping Into Lagos Lagoon Over N500,000 Debt The Police Public Relations Officer in Lagos, Bala Elkana, confirmed the incident in a statement on Sunday.
Read more »
Falana Calls For Probe Of Conditions In Nigeria’s $79bn Foreign LoansFalana Calls For Probe Of Conditions In Nigeria’s $79bn Foreign Loans
Read more »