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Showing posts from August, 2016

Niger Delta Avengers reportedly agree to dialogue with FG.

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Militant group, Niger Delta Avengers, have reportedly agreed to dialogue with the Federal government to find a solution to the lingering crisis in the Niger Delta region. This development is contained in a statement released today by the spokesman for the dialogue group, Ballantyne Agiri. The statement in part reads: “The body has collectively and willingly agreed to heed the clarion call of eminent Nigerians and international community to dialogue with the Federal Government. The federal government should from the inception of the dialogue rule out from the agenda any monthly monetary inducement or stipend for the NDA. The federal government should be ready for structural changes that should be human and development oriented. Members of the avengers’ group (who will participate in the dialogue) have already been selected, each based on his integrity, forthrightness, honesty and life track records. The names of members of the group for now shall not be made public for perso

Federal Government approves four oil wells for Lagos, to commence payment of 13% derivation fund

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The Federal Government today announced that four out of the five Aje oil wells have been approved for production of crude oil in Lagos. A team led by the Chairman of the Indices and Disbursement Committee of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Aliyu Mohammed, paid a courtesy visit to Lagos State Governor, Akinwunmi Ambode, at the Lagos House, Ikeja. Mohammed told Governor Ambode that the committee was in Lagos to verify crude oil and gas production from Aje Oil Wells for the purpose of disbursement of the 13 per cent Derivation Fund to the state in line with the Nigerian Constitution. He said the Commission had set-up an Inter-Agency technical Committee comprising of the RMAFC, DPR, Office of the Surveyor General of the Federation and the National Boundary Commission to determine the location of the Aje Oil Wells. Mohammed said the Technical Committee recommended that for the purpose of the Derivation Fund as spelt out under Section 162 (