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Reps Order Full Investigation Into Oil Sector Abuse In Imo Communities.
The House of Representatives has directed its relevant committees to probe allegations of gross violations of key regulatory laws by oil and gas companies operating in Imo State. According to Nivo News, the investigation will focus on breaches of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010, the Petroleum Industry Act (PIA) 2021, and the Taxes and Levies Act, alongside the implementation of the Host Community Development Trusts.....KINDLY READ THE FULL STORY HERE▶
In a motion adopted by the House, lawmakers instructed oil and gas operators in the state to immediately comply with provisions of the NOGICD Act, which mandate indigenous participation in employment, contract awards, and establishment of operational offices within host communities. The House also demanded strict adherence to the Host Community Development Trust requirements under the PIA 2021, while calling for full cooperation with the Imo State Internal Revenue Service (IIRS) to enable lawful tax assessment and collection.
Presenting the motion, Hon. Okafor emphasized that the NOGICD Act was enacted to promote the use of Nigerian human and material resources in the oil and gas sector, ensuring fair opportunities for local companies. He further highlighted that the PIA 2021 provides a comprehensive legal and regulatory framework for host community development, environmental protection, and equitable benefit-sharing.
Okafor noted that the Taxes and Levies (Approved List for Collection) Act empowers state governments to collect specific taxes and levies from companies within their jurisdictions — funds essential for infrastructure and social development.
He listed several international and indigenous oil companies operating within Imo’s oil-producing regions, including Seplat Energy Plc (OML 53), Niger Delta Petroleum Resources (OML 54), Sterling Oil Exploration & Energy Production Company, Waltersmith Petroman Oil Limited (OML 16), Associate Oil & Gas Limited/Dansaki Petroleum Limited, Chorus Energy Limited, TotalEnergies/NNPC JV, and NNPC Limited.
Okafor lamented persistent complaints from host communities in Ohaji/Egbema, Oguta, and other local government areas over the companies’ refusal to establish operational offices in the state, a clear breach of Section 3(j) of the NOGICD Act. He accused the firms of neglecting local employment, disregarding indigenous contractors, and obstructing lawful activities of the state revenue agency.
He warned that continued non-compliance could worsen community frustration and escalate into violent unrest capable of disrupting oil production, threatening national security, and destabilizing the region’s economy.
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“NO BOUNDS!” Reuben Abati Unleashes A Scorching Knockdown On Atiku Over President Tinubu’s Freedom Of Movement!.
Arise Television anchor Reuben Abati has pushed back against criticisms from African Democratic Congress (ADC) presidential candidate Atiku Abubakar regarding President Bola Tinubu’s three-week European vacation. Speaking on the Morning Show, Abati dismissed Atiku’s objections as insufficiently researched and “embarrassing,” pointing out that the president is fully entitled to travel and vacation as long as his absence remains within the 21-day constitutional threshold under Section 145 of the 1999 Constitution, which exempts him from needing to formally transfer power.....KINDLY READ THE FULL STORY HERE▶
Responding on Monday during the Morning Show, Abati characterized the inquiries coming from Atiku’s camp as poorly researched and embarrassing. He maintained that President Tinubu holds every right to travel and visit any destination of his choice, provided his absence stays within the constitutional limit that would otherwise mandate a formal handover of power.
Elaborating on the legal and operational aspects, Abati noted that President Tinubu embarked on a three-week working vacation to which he is fully entitled. He pointed out that the presidency appears to have carefully structured the trip to remain within the 21-day threshold outlined under Section 145 of the 1999 Constitution, meaning there is no indication that a formal transfer of power was required. While acknowledging the ruling All Progressives Congress (APC) explanation that the president needed time to rest or “refuel,” Abati suggested that the opposition camp missed a more valid line of critique. He highlighted that a genuine vulnerability lay in the timing of the leadership movements: simultaneously as the president departed for Europe, the Vice President of Nigeria was out of the country on a trip to Angola.
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“STRICTLY OFF-LIMITS!” Inside The Privacy Laws And Federal Strategies Guarding Tinubu’s US Files!.
Wole Afolabi (SAN), a member of President Bola Tinubu’s US legal team, has refuted allegations that his team is attempting to conceal damaging details regarding the president, maintaining instead that their legal strategy strictly adheres to United States laws. Speaking on Channels Television’s Sunday Politics, Afolabi addressed the ongoing legal tussle over the disclosure of records tied to historical drug trafficking allegations. He clarified that while the US government has already made certain documents public, it is withholding specific portions under Freedom of Information Act exemptions, driven by FBI and DEA concerns that full disclosure would jeopardize investigative techniques, confidential informants, and undercover agents.....KINDLY READ THE FULL STORY HERE▶
Defending the legal approach, Afolabi noted that failing to leverage these statutory protections would constitute professional malpractice. He emphasized that the authorities’ resistance stems from institutional security protocols rather than an effort to shield Tinubu personally, pointing out that if US agencies possessed actionable evidence of drug trafficking, the president would have faced formal indictment. While reinforcing that being investigated does not equate to guilt and that the presumption of innocence stands, Afolabi declined to comment on the specifics of the $460,000 forfeited to the US government in the 1990s, citing attorney-client privilege.
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Economic Earthquake: Nigeria Leaves Previous Financial Records In The Dust With Historic Remittance Inflow!
According to the Central Bank of Nigeria (CBN), diaspora remittance inflows processed via International Money Transfer Operators (IMTOs) hit $947 million in July 2026, marking the highest monthly total ever documented through formal financial networks. This record-breaking figure demonstrates major headway toward the $1 billion monthly target championed by CBN Governor Olayemi Cardoso. Furthermore, IMTO inflows climbed to $3.8 billion during the first seven months of 2026—a 50.2 percent surge compared to the same timeframe in 2025—underscoring a robust consolidation of formal channel transfers.....KINDLY READ THE FULL STORY HERE▶
This steep growth stems from a series of central bank reforms designed to enhance the competitiveness, transparency, and accessibility of formal remittance pathways. Key measures highlighted by the apex bank include transitioning to a market-determined exchange rate, updating regulatory guidelines for IMTOs, deploying the Non-Resident Bank Verification Number (NRBVN), and fostering closer collaboration with diaspora groups, banks, and transfer operators. Additionally, the CBN tightened compliance by mandating that all remittance transactions route through designated settlement accounts managed by authorized dealer banks.
Beyond the headline statistics, these rising diaspora flows significantly reinforce Nigeria’s external financing standing, elevate foreign exchange transparency and liquidity, and provide vital backing for household livelihoods and investments. Reflecting on the milestone, Governor Cardoso noted that while reaching $947 million in July brings the country to the doorstep of their ambitious $1 billion monthly goal initially set nearly two years prior, the long-term focus remains on sustaining these growth conditions to consistently maintain monthly inflows above $1 billion.
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