Amid recession, Nigeria loses N2.1trillion to oil vandals Read more: https://www.naij.com/1027247-shocking-amid-recession-nigeria-loses-n2-1trillion-oil-vandals.html

Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Dr Maikanti Baru has said that Nigeria has lost about $7billion which is equivalent to N2.1trillion in the last 10months to vandalisation of oil facilities. Baru made this revelation on Friday, October 28 during his presentation on “Global Oil Prices, Militancy and Terrorism and its Impact on Government Revenue in Nigeria’’ at the 2016 Fiscal Liquidity Assessment Committee Retreat in Abuja. He said that apart from security challenges in the region, politics, judiciary, oil prices and production cost continued to impact negatively on the oil industry. “Over 7000kpd of crude oil has been lost due to vandalism this year. A bulk of the loss is from JV assets. “This implies that 60 per cent of oil production lost is NNPC-FGN equity. “At an estimated price of 45 dollars per barrel, the total 2016 revenue loss to the Federation Account translates to about 7 billion dollars. “This is money that the government could have used to achieve major infrastructural milestones. “This loss is equivalent to a new 7,000mw power plant; new 350kpd refinery; over 30 per cent of National budget; and a new 1,700 kilometre pipeline.” To resolve this, Baru said the NNPC planned to increase security of oil and gas assets, improve its community social responsibility and the Amnesty programme, Daily Post reports. Meanwhile, President Muhammadu Buhari on Thursday, October 27 unveiled the Petroleum Industry Road-map at the Banquet Hall of the State House, Aso Presidential Villa, Abuja. The road-map has been code named 7 Big Wins by the ministry of petroleum and sccording to industry experts, it is a well thought-out seven short and medium priorities aimed at growing Nigeria’s oil and gas industry between 2015 and 2019. Related Stories Court summons Buhari, DSS to witness against arrested judges

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NDDC Foreign Post-Graduate 2023/2024 Scholarship

Now Accepting Application! To further boost Human Resource Development in the Niger Delta region, the Niger Delta Development Commission, NDDC, is once again embarking on its Foreign Post Graduate Scholarship Programme to equip our young people with relevant training and skills for effective participation in the local content programme of the Federal Government. To apply, visit the application portal. Apply *Share this opportunity*

JUST IN: TRIBUNAL DISMISSES DR. ARDO's PETITION AGAINST FINTIRI

Adamawa State Governorship Electoral Petitions Tribunal on Monday, dismissed the petition filed by Dr. Umar Ardo Ardo against Governor Ahmadu Umaru Fintiri. The Governorship Candidate of the Social Democratic Party(SDP), Dr. Umar Ardo, his Deputy, Amos Yusuf and SDP filed a petition challenging the governorship election conducted by INEC on the 18th March, 2023. Dr. Ardo, in his petition instituted on the 8th May, 2023 had joined INEC, Fintiri and 16 others as respondents, alleging that the election was not conducted in substantial compliance with the electoral act. The petitioners further alleged that the exercise conducted by the 1st respondent was marred by corrupt practices(bribery), threats and violence and however sought the nullification of the entire exercise. On their part, 1st to 4th respondents, told the tribunal that the petition is statue barred which cannot be entertained by tribunal, alleging that the petition is not supported with evidence and not filed in compliance

TROOPS OF OPERATION UDO KA II CLEARED IPOB/ESN CAMPS... recovers fresh and old corpses

Troops of Joint Task Force South East Operation UDO KA II on Sunday, 1 October 2023 cleared 4 notorious camps of the Indigenous People of Biafra (IPOB) and it's armed affiliates the Eastern Security Network (ESN) in Ihube, Aku and Umulolo in Okigwe Local Government Area of Imo State. During the clearance operation troops encountered many Improvised Explosive Device (IEDs) enroute the camps. However, due to superior firepower, the irredentist fled into neighbouring forests with Gun Shot Wounds. It was discovered that the camps were being used to perpetuate atrocities such as cannibalism, occultic practices and ritual killings to instil fears into the law abiding citizens. These were evident from many fresh and old corpses discovered while clearing the entire camps. Also The houses of the 2 spiritual leaders/herbalists ( *Dibias* ) that took to their heels were destroyed. Furthermore , the shrine of the wanted terrorist Amobi Chinoso Okafor AKA Temple where human sacrifices are

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