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Kachikwu: An expert’s gift to the world
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On Thursday, February 4th, a former Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu, publicly presented four new books at a classy virtual global event, which attracted over 2,300 participants from no fewer than five continents.
Participating were President Muhammadu Buhari, Vice President Yemi Osinbajo, former Minister of Defence, T.Y Danjuma; the current Minister of State for Petroleum Resources, Timipre Sylva, Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Sanusi Barkindo and the Edo State Governor, Godwin Obaseki.
Others, who witnessed the event were the Minister of Mines and Hydrocarbon in Equatorial Guinea, Gabriel Obiang Lima; Secretary-General of Africa Petroleum Producers’ Organisation, Omar Farouk; Mr Abdulrasaq Isa, Mr Austin Avuru as well as other global oil industry chiefs, the academia, lawyers and business titans.
President Muhammadu Buhari says the transparency within the operations of the Nigerian National Petroleum Commission (NNPC) is a sign of ending corruption in the petroleum industry.
Emmanuel Addeh in Abuja
President Muhammadu Buhari yesterday gave insights into how the reforms initiated by his administration in 2015 saved the oil and gas industry from total collapse.
He stated that the payments of huge cash call backlog owed the country’s Joint Venture (JV) partners took off a huge burden from the Nigerian National Petroleum Corporation (NNPC) while the current transparency drive in the oil corporation was also a product of the reforms.
The president, at the presentation of four books written by a former Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, explained that the sector, which accounts for a huge source of foreign exchange for Nigeria, was in dire straits when he took over.
EFCC arraigns P&ID Director over money laundering
P&ID, a British Virgin Island firm, had obtained an $8.9billion judgment from a U.K court against Nigeria over a failed gas processing contract that the Federal Government described as fraudulent.
The
Economic and Financial Crimes Commission (EFCC), on Monday, arraigned a Commercial Director of the Process and Industrial Development (P&ID) Limited, Mohammed Kuchazi, for money laundering, among other offences.
A statement by the EFCC said Mr Kuchazi was arraigned alongside his company, Kore Holdings Limited, before Folashade Ogunbanjo-Giwa of the Federal High Court, Abuja.
The defendants pleaded not guilty to the eight counts which the defendants allegedly committed in 2014.