FG to Open Bid Rounds for 30 Marginal Oil Fields, Invites Local Players Chineme Okafor in Abuja The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that the federal government would soon open bids to concession 30 marginal oil fields in the country. The corporation stated this
in a statement from its Group General Manager, Public Affairs, Mr. Ndu Ughamadu in Abuja. The statement noted that NNPC’s Group Managing Director, Dr. Maikanti Baru, spoke on the marginal fields while hosting members of the Independent Petroleum Producers Group (IPPG) led by its chairman,
Ademola Adeyemi-Bero, at the NNPC Towers. At the meeting, Baru urged members of the IPPG to participate in the forthcoming bid rounds for the 30 marginal oil fields. He also urged them to take advantage of the low crude oil price regime to develop their capacity and acquire technology in the oil industry.
Baru, stated that there was a lot of opportunities in the marginal fields which would soon be available, urging the IPPG to work hand-in-hand with the Department of Petroleum Resources (DPR) to ensure that they met the conditions that would be required from bidders. "The marginal oil field lease
renewal is an opportunity for your group. You will need to engage the DPR early in discussion to find out the conditions that the federal government is interested in. For example, the supply of gas to power plants and fertilizer plants and I think your group will be successful," said Baru. He also tasked the IPPG
members to ramp up their collective production from 10 per cent of national production to 50 per cent in the next 10 years in order to increase the footprint of indigenous companies in the upstream sub-sector as is the case in the downstream sector. Continued on page 8
Samsung Chief Gets 5-Year Prison Term for Corruption ...Page 8 Saturday 26 August, 2017 Vol 22. No 8164 Price: N250
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FG Asks Court to Revoke Nnamdi Kanu's Bail UN human rights experts urge arrest of peddlers of hate messages, quit notice Onyebuchi Ezigbo and Alex Enumah in Abuja The Federal government has
approached the Abuja division of the Federal High Court for an order seeking to revoke the bail granted the self-acclaimed leader of the Indigenous People
of Biafra, Nnamdi Kanu. On the same day, a group of United Nations human rights experts called on the federal government to take decisive
step to deal with those behind hate speech, incitement and quit notices. The request to revoke Kanu’s bail was premised on the grounds
that the defendant had flagrantly violated all the conditions attached to his bail. In a release by Special Adviser, Media and Publicity
to the Attorney General of the Federation and Minister of Justice, Salihu Isiah, the Federal Continued on page 8
Buhari: Some Groups in London Said I Should Go Home, Indeed, I’m Back
Meets governors, PDP, APC leaders Says Osinbajo deployed his intellect to effectively govern Nigeria Opposition not synonymous with antagonism, hostility Fayose fails to show up to see the man he claimed was on life support
Omololu Ogunmade in Abuja For the first time since he returned to Abuja from his medicals in the United Kingdom, President Muhammadu Buhari yesterday in Abuja humorously commented on the protest staged against his stay in London by some Nigerians in that country, saying “Indeed, I have come back home.” Buhari who spoke while hosting the governors of the 36 states of the federation in the State House said: “Some groups in London came and sang the national anthem and asked that I should go back home. Indeed, I have come back home. I hope those who went there (United Kingdom) are not stuck there; that they will come back and join us. "Those that are stuck there with the Brexit, I hope they have Continued on page 8
Balogun, Ladoja, Others to Become Kings Tomorrow, WE ALL PRAYED FOR YOUR RECOVERY… Says Ajimobi R-L: President Muhammadu Buhari; Vice President Yemi Osinbajo; Chief of Staff to the President, Abba Kyari; the APC National Chairman, John Odigie-Oyegun and Chairman, Caretaker Committee of the PDP, Ahmed Makarfi during a courtesy visit by APC and PDP officials to the President at the State House ...yesterday … Page 10
Senator Misau Accuses IGP of Pocketing N10bn Monthly from Oil Companies and Banks… Page 10