Connect with us

News

FG approves Eni’s proposal to sell Agip to Tinubu’s nephew

Published

on

Italian oil giant Eni, on Wednesday, announced that it had obtained approval from the Nigerian government to proceed with the proposed sale of Nigerian Agip Oil Company (NAOC) to Oando, run by Wale Tinubu, President Bola Tinubu’s nephew.

“Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for the sale of NAOC Ltd to Oando Plc,” the oil company said in a statement.

The Italian oil company said the sale would enable Agip focus on its onshore oil operations. The announcement followed an exclusive report by Peoples Gazette, which stated that one of the conditions for the president to restore Eni and Shell oil prospective licence OPL 245 last year was the transfer of Eni’s onshore assets to Oando.

“Having already obtained all other relevant local and regulatory authorities’ authorisations, this achievement will allow Eni to proceed to the completion of the transaction for the sale of Nigerian Agip Oil Company Ltd (NAOC Ltd), Eni’s wholly owned subsidiary focusing on onshore oil & gas exploration and production as well as power generation in Nigeria, to Oando PLC, Nigeria’s leading national energy solutions provider,” the statement added.

Advertisement

Eni, however, excluded a five per cent stake in the Shell Production Development Company Joint Venture (SPDJV), stating that it was not covered in the business transaction.

“NAOC Ltd participating interest in SPDC JV (Shell Production Development Company Joint Venture – operator Shell 30%, TotalEnergies 10%, NAOC 5%, NNPC 55%) is not included in the perimeter of the transaction and will be retained in Eni’s portfolio,” the statement.

Although Nigerian National Petroleum Corporation Limited officials had initially kicked against the sale, stating that Eni lacked authorisation to do so, they eventually backed down upon learning that the president himself had a stake in it.

Source: People gazette

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

BREAKING: Jubilation As PDP Wins All 30 LGs In Osun State(See winners)

Published

on

By Kayode Sanni-Arewa

The Osun State Independent Electoral Commission, OSSIEC, has announced that the Peoples Democratic Party, PDP, won all the local government and councillorship positions in the just concluded local government elections in the state.

The Chairman of the Commission, Hashim Abioye, made this announcement via a Facebook Live broadcast on Saturday evening.

Abioye stated that PDP candidates secured all the councillorship seats in all 332 wards in the state, as well as the chairmanship elections in all 30 local government council areas.

Advertisement

The names of the PDP chairmanship candidates and their respective local government council areas:

Babalola Wasiu Kayode – Boripe

Okunade Oluwafemi Adesanya – Egbedore

Adeyenuwo Rotimi John – Ife Central

Advertisement

Agboola Francis Olajire – Obokun

Azeez Lateef Adeniran – Isokan

Aina Abayomi Adesina – Boluwaduro

Sodiq Samuel Oluwapelumi – Ola Oluwa

Advertisement

Ajibade Oluwatoyin S. – Irepodun

Adebanjo Oladiti Tunmininu – Ilesa West

Ibironke Alade Adegboye – Atakumosa East

Aroke Muyiwa Aderemi – Ife South

Advertisement

Kolade Obafemi Kolawole – Olorunda

Moshood Adekunle Kabiru – Iwo

Awotunde Abiodun Sarafadeen – Ifelodun

Akande Taiwo Adekunle – Osogbo

Advertisement

Dada Feyisayo Ajibola – Atakumosa West

Amodu Taiwo – Ede North

Atolagbe Kayode Olayinka – Ifedayo

Akande Michael O. – Ife North

Advertisement

Adeyekun Taiwo Adebayo – Oriade

Adeniran Adenike Felicia – Ayedaade

Afolabi Oyekola Lukman – Ede South

Odunyemi Haruna Bukola – Ife East

Advertisement

Jooda Ambali Babajide – Irewole

Adewale Adeyinka Oluwaseun – Odo Otin

Ogunbiyi Solomon Akinyemi – Ayedire

Raimi Adenike Nafisat – Ejigbo

Advertisement

Adebisi Jayeola Nasir – Ila

Ilesanmi Taiwo Sunday – Ilesa East

Alade Aderemi Fatai – Orolu

Advertisement
Continue Reading

News

DSS arrests three for assaulting operatives during LSHA crisis

Published

on

By Kayode Sanni-Arewa

The Department of State Services (DSS) has arrested three persons linked to the alleged assault on its officers during the crisis that rocked the Lagos State House of Assembly, following the removal Mudashiru Obasa, as Speaker

Apparently sensing danger, some lawmakers had mobilized their supporters to the Assembly Complex, but these supporters allegedly attacked some DSS officers who were invited by the Assembly leadership to secure the facility. Security sources revealed that “after extensive analysis of CCTV footage, we were able to clearly identify three of the suspects”.
“The suspects, Ibrahim Olanrewaju Abdulkareem, a photographer and two others attached to the Assembly’s Seargent at Arms, Adetu Adekunle Samsudeen and Adetola Oluwatosin Fatimoh, a lady, were consequently tracked and arrested during the week in different parts of Lagos,” The trio have since confessed to the crime and will soon be charged to court, the source said.

It would be recalled that the Lagos Assembly had in a leaked memo dated 14th February, 2025 and addressed to the DSS Director in the State, and Heads of other Security Agencies in Lagos State, told the Security Agencies in Lagos that, there was credible information to the effect that, Obasa had planned to forcefully reinstate himself today, February 18, 2025.
Accordingly, the Assembly management, held the view that, the development posed “a potential security threat” to it and its members.

Advertisement
Continue Reading

News

Police seal OSSIEC office, officials nabbed, says chairman

Published

on

By Kayode Sanni-Arewa

The chairman of the Osun State Independent Electoral Commission (OSSIEC), Hashim Abioye, has claimed that the police have sealed off the headquarters in Osogbo.

In a video post on the OSSIEC X handle, Abioye accused the police of also arresting election officials and blocking journalists from covering the local government election.

According to him, several OSSIEC officials were detained while on their way to polling units on Saturday.

Advertisement

Attempts by our correspondent to reach Abioye for further details proved abortive as his telephone line was switched off.

The OSSIEC chair, in the post, assured voters that materials had been deployed to affected areas.

So far so good, the reports have been positive and the conduct has been very smooth and peaceful as against the false alarm raised by the police. Everywhere is calm,” Abioye said.

“The only thing is that in some of the areas in which materials are supposed to have arrived for voters to cast their votes, we had reports of police arresting our officials.

Advertisement

“I don’t know on whose order because there is no court order that warranted the arrest of officers of our officials.

“As it is, we have deployed materials to those units because we have enough on the ground.

For our people in the media community, I want to apologise for the inadequacy of the tags and the jackets because we have enough but the police sealed our office and that was not warranted at all.”

Abioye’s comments come after police had called for the local government election to be called off by the state government, citing a security threat.

Advertisement

In a statement by its Public Relations Officer, Olumuyiwa Adejobi, on Friday, the Police said it received credible intelligence indicating a likelihood of violence and significant security threats should the planned elections proceed.

The police explained that reports gathered from joint intelligence gathering revealed that various groups, including political elements and other interested parties, are mobilising to instigate unrest, disrupt public peace and undermine the democratic order.

However, the Osun State government acknowledged the police’s advice but insisted on going on with the election.

Channels Television reports that the election eventually went on as scheduled on Saturday.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News