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Minister Fashola demands N1 billion as damages from Sunrise Power chief over Mambilla comments

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has demanded N1 billion from the Managing Director of Sunrise Power and Transmission Company, Mr. Leno Adesanya, for allegedly making uncomplimentary remarks on his person. This was revealed in a letter dated January 18 and written by Uwensuyi-Edosomwon Chambers on …

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Federal government gives IOCs 14 days to pay outstanding revenue on contracts

The federal government has given International Oil Companies (IOCs) operating in Nigeria’s deep offshore and inland basin a 14-day ultimatum to pay all outstanding revenues on Production Sharing Contracts (PSCs). The government said the revenues are in compliance with the Supreme Court judgment last October. The judgement noted that the …

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