NNPCL, ExxonMobil Reach Settlement Agreement on $1.28bn Oil Assets’ Divestment, Deal Nears Completion National oil company gets additional 10% interest as parties await regulatory approval Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
Nigerian National Petroleum Company Limited (NNPCL) and ExxonMobil, finally, agreed on a
settlement deal yesterday for the $1.28 billion assets’ divestment plan by the American oil major.
Although there was no formal statement from NNPCL, in a short message, it announced on its X page
that the agreement will pave the way for the International Oil Company (IOC) to sell off its 100 per cent
interest to Seplat Energies after the Continued on page 6
25 Rivers Lawmakers Suffer Setback As Court Declares Their Seats Vacant... Page 18 Friday, May 31, 2024 Vol 29. No 10642. Price: N400
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Presidential Tax Reforms Committee Streamlines Taxes into 8 Categories... Page 8
At Meeting with Northern Leaders, Tinubu Says Growing Out-of-School Children Unacceptable Praises Ribadu on improving security, seeks effective local governments Says he won't hesitate to sack non-performing ministers
Deji Elumoye in Abuja
President Bola Tinubu, yesterday,
met with the leadership of Arewa Consultative Forum (ACF), at the State House,
Abuja, during which he said the growing out-of-school children in the northern part of the country
was not acceptable. Tinubu, who commended the National Security Adviser
(NSA) on the improving security to prioritise the needs of local situation in the country, also appealed to state governments Continued on page 6
In Historic First, Trump Found Guilty on All 34 Counts in Hush Money Trial Ex-president: This was a rigged trial by a conflicted corrupt judge Emmanuel Addeh in Abuja A jury in Manhattan, New York, yesterday found former President Donald Trump guilty of all 34 felony charges of falsifying business records, CNBC reported. Trump, who will be sentenced July 11, was charged with falsifying business records related to a 2016 payment to porn star Stormy Daniels by his fixer Michael Cohen. Trump is set to face President Joe Biden in November’s presidential election. The New York jury found former President Donald Trump guilty of all 34 felony charges of falsifying business records related to a hush money payment to porn star Stormy Daniels by his then-personal lawyer before the 2016 election. Trump is the first former US president to be convicted of any crime. His sentencing was quickly
scheduled for July 11 at 10 a.m. ET. That is four days before the beginning of the Republican National Convention in Milwaukee, where Trump is set to be formally confirmed as the GOP's presidential nominee. Trump, who remains free without bail, faces a maximum possible sentence of four years in prison for each count. Trump's demeanour did not change during the reading of the verdict. His son Eric Trump looked angry after the jury foreman repeatedly said "guilty" to each count as it was read. "This was a disgrace," Trump said after the verdict. "This was a rigged trial by a conflicted judge who was corrupt." "The real verdict is going to be Continued on page 6
FORMER US PRESIDENT TRUMP...CONVICTED Former US president Trump in court yesterday