Tag Archives: Alison Madouke

House of Reps orders probe of Alison-Madueke for allegedly spending N10 billion on private jet

Mr. Adejare said preliminary investigations prove that the financing for the Challenger 850 aircraft was drawn from government funds. The House of Representatives has ordered an investigation into an alleged squandering of billions of naira of government funds by petroleum minister, Diezani Alison-Madueke, on the maintenance of a private jet. The public accounts committee of

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FG’s N10bn Private Jet Scandal: Super Female Minister in Soup! •Findings unsettle Jonathan

BY OHIA ISRAEL  Aviation experts under the aegis of the Concerned Aviation Professionals (CAP) have sent a petition to President Goodluck Jonathan, detailing what might be considered an embarrassing allegation over the activities of an unnamed Minister. Accordingly, the group accused the minister of spending not less than N10 billion of public funds on maintaining

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Can Nigeria survive the changing Oil World?

According to recent analysis by the Reuters news agency, Nigeria will earn less for its oil and struggle to replace reserves unless it can end years of industry stagnation, at a time its biggest customer, the United States of America, is becoming self-sufficient and African rivals are boosting supplies with improved refineries and far better

NNPC Crude Oil-For- $1.5bn Loan Collateral: A Fraud Alert?

BY IFEANYI IZEZE That the Nigerian National Petroleum Corporation (NNPC) went for a $1.5 billion (N240 billion) syndicated loan to help it pay debts for fuels already supplied was an obvious paradigm shift in managing the controversies and of course with the associated corruption from Nigeria’s over 80 percent dependence on imports for our domestic

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Jonathan, sell the refineries now Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke

ANOTHER damning report has exposed the depth of corruption in the Nigerian oil and gas sector. The Idika Kalu National Refineries Special Task Force, like previous reports, revealed the dismal state of Nigeria’s four government-owned refineries, thus depicting how colossal funds spent on their Turn Around Maintenance have gone down the drain. The revelations in

Diezani Alison-Madueke’s Sins

BY OUR CORRESPONDENT Diezani Alison-Madueke, Nigeria’s controversial Minister of petroleum resources management style, which is disrupting the governance structure of the Nigerian National Petroleum Corporation, NNPC, is causing concern in the state oil giant and the industry, joint investigations have sown The powerful oil minister has rendered some administrative structures and personnel, including the position

Allison-Madueke, the Oil Goddess of Nigeria

By OGAGA IFOWODO Dr Ngozi Okonjo-Iweala fancies herself as the Co-ordinating Minister for the Economy, and, effectively, as the prime minister of Nigeria. But if we have a prime minister, it can be no other than Mrs Diezani Allison-Madueke, Minister of Petroleum Resources. The reason is plain enough: oil is Nigeria and Nigeria is oil,

Furore Over Skewed Oil Mining Lease

By JAMES OBUTE with AGENCY REPORTS Major oil industry players in Nigeria have expressed concerns over the recent $850 Million acquisition of 45% participating interest in a producing oil mining lease in Nigerian, OML 30, by Shoreline Energy Resources Nigeria Limited. Shoreline Energy is a special purpose Nigerian company formed by an indigenous company, Shoreline

‘Chairman, Presidential Panel on Subsidy Verification, Imoukhuede is oil cabal member’-Report

By OUR CORRESPONDENT     Access Bank’s MD, Aigboje Aig-Imoukhuede, is one of President Jonathan’s closest friends. After pocketing a whopping N345.3 million and failing to supply petroleum products, Aig-Imoukhede has been rewarded with appointment to probe himself and his accomplices. Chairman of the special committee appointed by President Goodluck Jonathan to verify and reconcile the

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