NUPRC: Oando-NAOC Deal Followed Due Process, Complied with Extant Rules
Says NNPC, Mobil court case delayed agreement, transaction undergoing due diligence
Emmanuel Addeh in Abuja
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
yesterday said the approval of the divestment deal between Oando and Nigerian Agip Oil Company (NAOC) followed due process and was done in
compliance with existing regulations. A statement by the Head, Public Affairs Unit of the upstream regulatory body, Olaide Shonola, stated that the
explanation became necessary because of NUPRC’s avowed commitment to transparency and belief in the right of the public to know about
its regulatory activities. Recall that former Vice President, Abubakar Atiku, had raised some posers over the $783 million
acquisition, alleging that the deal was unduly accelerated as a result Continued on page 10
CBN Lifts SLF Suspension, Banks to Earn Up to 19 to 25.75% on Deposits... Page 10 Tuesday 27 August, 2024 Vol 29. No 10730. Price: N400
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GDP Grows By 3.19% in Q2
Ndubuisi Francis, Olawale Ajimotokan and James Emejo in Abuja
L-R: Head, Corporate Communications Department, Asset Management Corporation of Nigeria (AMCON), Mr. Jude Chiedozie Nwauzor; Group Head, Asset Management, Mr. Benedict Daminabo; Managing Director/Chief Executive Officer, Mr. Gbenga Alade; Head, Documentation, Legal Department; Mrs. Oyinlola Adebayo; and Technical Assistant to the MD/CEO, Mr. Mohammed Yusuf, during AMCON's Media Parley at Radisson Blu Hotels, Ikeja, Lagos ... yesterday
President Bola Tinubu yesterday, welcomed the latest report by the National Bureau of Statistics (NBS) on the state of the economy, as the country’s Gross National Product (GDP) posted another growth. Tinubu was quoted to have made Continued on page 10
New Spy Chiefs Trigger New Expectations in Nation’s Security
Mohammed replaces Abubakar as DG NIA, Ajayi takes Bichi’s place at DSS Tinubu charges new men to reposition agencies, use experience to tackle security
Deji Elumoye in Abuja
The changing of the guard, yesterday, at National Intelligence Agency (NIA) and Department of State Services (DSS) marked the beginning of new expectations by Nigerians in efforts to tackle the country's security challenges. President Bola Ahmed Tinubu approved the appointment of new Directors-General for NIA and DSS, following the resignation of the two top intelligence chiefs, Ahmed Abubakar and Yusuf Bichi, respectively. Presidential spokesperson, Ajuri Ngelale, in a release, disclosed the appointment of Ambassador Mohammed Mohammed as the new Director-General of NIA, and Mr. Adeola Oluwatosin Ajayi as Director-General of DSS. The new appointments, Ngelale confirmed, were sequel to the resignaContinued on page 10
Owolabi’s Historic Visit to North and South Poles...
High Chief Owolabi Salis on pilgrimage to both the North and South Poles- urges Africans to extol their roots - see story on page 19
NNPC Announces Commencement of LNG Supply to Japan, China... Page 6