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Lawmakers Express Outrage As Agip Ignores Summons Over Alleged N80m Debt
Writing by Sediq Mutari....KINDLY READ THE FULL STORY HERE▶
The House of Representatives Committee on Public Petitions has once more called upon the management of Agip Oil Company concerning an alleged outstanding debt of N80 million owed to a local contractor, De Coon Services Ltd.
Chairman of the committee, Michael Etaba (PDP, Cross River), issued the summons on Thursday after the management declined to attend the panel’s session.
During the hearing, Etaba noted that Agip had been summoned following a petition lodged with the House, expressing disappointment at Agip’s disregard for the invitation.
He emphasized the unfortunate scenario where an indigenous company is left unpaid for services rendered while foreign entities are engaged for similar tasks.
In his testimony, De Coon’s CEO, Nelson Onubogu, asserted that his company had completed work for Agip, and NNPC Limited had remitted payment for the services. However, Agip had failed to transfer the funds to his company.
“Onubogu alleged that Agip, utilizing intermediaries, diverted the funds out of Nigeria, leaving his Nigerian company unpaid. He demanded full payment from the oil giant, refusing to settle for anything less.
“All I am saying here is that Agip should pay my money; Agip should be mandated by the NNPCL to pay my money. I don’t believe in middle ground; the right thing should be done; they owe me, and they should pay my money and restore all my contracts as awarded to me. There are rules and regulations for terminating and awarding contracts in Nigeria,” he emphasized.
Expressing concern over Agip’s non-appearance, committee member Matthew Nwogu condemned the oil giant’s actions as disrespectful.
“It’s unfortunate that people who are supposed to be accountable to Nigerians are not. When a committee like this is mandated by the constitution to handle issues concerning the lives of Nigerians, it summons an organisation, but the refusal should call for worry.
“I don’t know who is protecting whom, but no one is above the law; the only people who have immunity are the governor and president,” Nwogu emphasized.
The committee subsequently mandated Agip to appear on June 26 or face legislative consequences.
Nigeria’s Ambassador-designate to Mexico, Reno Omokri, has asserted that the nation’s global reputation for corruption is inaccurate and fails to account for local cultural context. Speaking on Channels Television’s Sunday Politics, Omokri argued that while the country’s corruption perception index has improved under President Bola Tinubu, international organizations continue to misjudge Nigeria by imposing foreign standards on domestic traditions.....KINDLY READ THE FULL STORY HERE▶
As an example, Omokri cited the long-standing cultural practice of showing appreciation to public officials who perform their duties effectively. He contended that while entities like Transparency International classify such gestures as bribery, these actions are not inherently corrupt within the Nigerian cultural framework.
Omokri further emphasized that Nigeria must take control of its own narrative, arguing that relying on external organizations to define the country perpetuates negative stereotypes of poverty and backwardness. In addition to his remarks on governance, he highlighted Lagos State’s significant economic progress under Governor Babajide Sanwo-Olu, noting an increase in GDP from under $100 billion to approximately $259 billion in purchasing power parity terms over the last six years, alongside rising income levels.
Addressing security concerns, Omokri dismissed claims that Nigeria is unsafe, pointing to the annual Detty December events in Lagos. He stated that the festivities draw 1.2 million tourists—making it Africa’s largest tourism event—without a single fatality or injury recorded.
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The Ultimate Breakaway: NNPP Dramatically Severs Ties With G-100 Coalition And Drops Bombshell On 2027 Strategy!.
The New Nigeria Peoples Party (NNPP) has officially dissociated itself from the G-100 coalition as various political groups and parties begin strategic realignments ahead of the 2027 general elections. Clarifying the party’s stance on Sunday during an appearance on Arise Television, NNPP National Chairman Agbo Major explained that while the party had initially nominated a presidential candidate, that candidate subsequently stepped down owing to logistical and administrative hurdles.....KINDLY READ THE FULL STORY HERE▶
Major noted that the current absence of a flagbearer stems from the party’s ongoing consultations and negotiations with other political entities, adding that the leadership will convene shortly to determine its definitive strategic direction. Addressing the coalition directly, Major stated that the NNPP is not affiliated with the G-100, viewing the initiative as an experiment to monitor from a distance. Furthermore, he raised doubts regarding the feasibility of the coalition, highlighting potential friction points—specifically the challenge of convincing prominent political figures and rival parties to step down for one another in pursuit of a consensus candidate.
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The Ultimate Breakdown: Dollar Traded Around ₦1,325 – ₦1,330 At Official Windows While Parallel Market Holds Near ₦1,390
The Nigerian naira maintained its standing against the United States dollar within the official foreign exchange market. According to data provided by the Central Bank of Nigeria (CBN), the local currency exchanged at ₦1,326.5192 per dollar, holding steady at the exact figure recorded the previous day. Meanwhile, at the parallel market, the naira concluded trading at ₦1,390 against the dollar.....KINDLY READ THE FULL STORY HERE▶
It is important to note that actual transaction rates offered by commercial banks, Bureau de Change (BDC) operators, and other authorized foreign exchange dealers frequently deviate from these reference figures. Such variations are driven by individual transaction margins, as well as the immediate dynamics of supply and demand in the open market. Moving forward, key market participants remain vigilant, closely tracking foreign exchange liquidity inflows, underlying dollar demand, and future policy directives from the Central Bank of Nigeria to determine whether the naira can successfully preserve its recent gains throughout the month.
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