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Just In: Tinubu Announces Resolution Of OPL 245 Dispute.
President Bola Ahmed Tinubu has announced the successful resolution of the long-standing dispute over Oil Prospecting Licence (OPL) 245, following a settlement agreement between the Federal Government, Eni, and Nigerian Agip Exploration Limited.....KINDLY READ THE FULL STORY HERE▶
The announcement was made during a meeting at the Presidential Villa in Abuja, attended by Eni’s CEO Claudio Descalzi, COO Guido Brusco, Head of Sub-Saharan Region Mario Bello, Managing Director of Nigerian Agip Exploration Fabrizio Bolondi, and the President’s Special Adviser on Energy, Olu Arowolo-Verheijen.
The development was confirmed in a statement by Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the presidency, the agreement ends a dispute that has lasted over 15 years, restoring stability to one of Nigeria’s most commercially promising deepwater oil blocks. Signed in Abuja, the settlement clears the way for renewed development activities in the offshore block.
Officials noted that the resolution paves the way for the Final Investment Decision (FID) on the Zabazaba–Etan deepwater project, which is expected to significantly boost Nigeria’s crude oil production. With the dispute settled, the project is projected to add roughly 150,000 barrels of crude oil per day to the nation’s output.
The Zabazaba–Etan development is also anticipated to strengthen Nigeria’s long-term energy outlook and attract further investment into the oil and gas sector. President Tinubu described the settlement as a strategic milestone in his administration’s economic reform agenda.
“This resolution sends a clear signal to global investors that Nigeria is prepared to address legacy issues transparently, uphold the rule of law, and create a stable environment for long-term capital,” Tinubu said.
Commenting on the agreement, Arowolo-Verheijen noted that the settlement represents a significant improvement over the 2011 resolution, reflecting reforms introduced under the Petroleum Industry Act. She emphasized that the revised framework balances investor confidence with enhanced benefits for Nigeria.
“The updated terms provide clarity and predictability for major deepwater investments while ensuring stronger value creation and protections for the Federation,” she added.
The presidency stated that the settlement is part of broader reforms since 2023 aimed at improving Nigeria’s competitiveness in the global energy market. Anchored in the Petroleum Industry Act and supported by executive actions, these reforms have helped attract renewed investor interest and capital inflows into the oil and gas sector.
“By resolving the OPL 245 dispute, the Federal Government has removed a major legacy risk in Nigeria’s upstream sector and reinforced its commitment to predictable regulation and transparent governance,” Arowolo-Verheijen said.
President Tinubu also commended institutions and stakeholders involved in achieving the settlement, including the Office of the Attorney General of the Federation, the Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission, and NNPC Limited.
The presidency highlighted that the resolution demonstrates the administration’s determination to unlock Nigeria’s strategic energy assets and ensure that the country’s natural resources contribute to economic growth, job creation, and long-term prosperity for Nigerians.
A group of Nigerians has staged a protest at the United Kingdom Parliament, calling for the removal of the Chairman of the Independent National Electoral Commission (INEC) ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
The demonstrators reportedly gathered outside the parliamentary complex, expressing dissatisfaction with the leadership of the electoral body in Nigeria and demanding immediate action.
They insisted that the INEC chairman should be removed, alleging concerns over credibility and trust in the electoral process as the country prepares for the next election cycle.
The protest drew attention from passersby and security personnel, as the group maintained their position that electoral reforms and leadership changes were necessary to restore public confidence.
Sir Uyi has responded strongly to critics of his involvement in nightclub businesses, insisting that such ventures represent only a small part of his wider activities.....KINDLY READ THE FULL STORY HERE▶
In a firm reaction to recent criticism linked to Vaniti, he stated that people are focusing too much on his nightlife businesses while ignoring other aspects of his work and achievements.
He stressed that his nightclub operations do not define his entire identity or professional portfolio, adding that he is involved in several other ventures beyond entertainment and hospitality.
According to him, the criticism reflects a narrow perception of what he does, and he believes his broader contributions are being overlooked.
Sir Uyi maintained that he remains focused on his various commitments despite public scrutiny surrounding his nightlife business interests.
The Benue State Police Command has confirmed the arrest of seven suspected militia herdsmen in connection with the abduction of passengers travelling in an 18-seater Benue Links bus along the Makurdi–Otukpo road last Wednesday.....KINDLY READ THE FULL STORY HERE▶
The victims, which included candidates of the Joint Admissions and Matriculation Board (JAMB) heading to Otukpo for their examinations, have all been successfully rescued.
Speaking while briefing Governor Hyacinth Alia in Makurdi during the presentation of the freed victims, the Commissioner of Police, Ifeanyi Emenari, said the rescue operation was achieved through coordinated efforts of multiple security agencies.
He explained that five of the abducted passengers were first released, while the remaining 13 were rescued on Sunday morning without injuries.
According to him, the combined pressure from security forces, supported by the state government and the Inspector-General of Police, led to the successful outcome of the operation.
Emenari further disclosed that eight suspects are currently in custody, adding that seven of them are strongly linked to the kidnapping incident, with some victims already identifying them.
He also noted that clearance operations have begun across forest areas in the state to flush out criminal groups, in line with directives from security authorities.
Governor Hyacinth Alia, while receiving the rescued passengers, expressed concern over rising cases of kidnapping in the state but welcomed the safe return of all 18 victims.
He confirmed that among those rescued were eight candidates on their way to write examinations, and called on the Joint Admissions and Matriculation Board (JAMB) to reschedule the affected exams for them.
The governor assured that the state government remains committed to supporting the victims and strengthening security across Benue State, while also urging residents to provide credible information to security agencies.
He further directed the state health authorities to conduct medical evaluations for all rescued persons and promised government support for those affected.
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