FRIDAY 14TH DECEMBER 2018

Page 1

OPL 245: FG Sues Shell, Eni for $1.1bn

Chineme Okafor in Abuja with agency reports

The federal government yesterday filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London over a 2011

deal involving Oil Prospecting Lease (OPL) 245. The OPL 245 oilfield is also at the heart of an ongoing corruption trial in Milan in which former and current Shell and Eni officials are in the dock.

Milan prosecutors alleged that bribes totalling $1.1 billion were paid to win the licence to explore the field which, because of disputes, has never entered into production. The main trial - which besides Eni and Shell also

involves Eni CEO Claudio Descalzi and four ex-Shell managers including former Shell Foundation Chairman Malcolm Brinded - is expected to drag on for months. The new London case also relates to payments made by

the companies to get the OPL 245 oilfield licence in 2011. “It is alleged that purchase monies purportedly paid to the Federal Republic of Nigeria were in fact immediately paid through to a company controlled by Dan Etete,

formerly the Nigerian minister of petroleum, and used for, among other things, bribes and kickbacks,” Reuters quoted a government statement as saying. Continued on page 10

WTO Lists Benefits of AfCFTA for Nigeria, Others… Page 10 Friday 14 December, 2018 Vol 23. No 8640. Price: N250

www.thisdaylive.com TR

UT H

& RE A S O

N

Your Loyalty will Be Rewarded in 2019, Buhari Assures Supporters Shola Oyeyipo in Abuja

DIPLOMATIC PLANE... L-R: Former presidential spokesman, Mr. Reno Omokri; Senate President and Director-General, Peoples Democratic Party Presidential Campaign Council, Dr. Bukola Saraki; Chairman US Senate Committee on Africa, Senator Jeff Flake; and Senator Ben Murray-Bruce, during the US Congress hearing on Nigeria's forthcoming 2019 general elections in Washington DC, USA... yesterday

President Muhammadu Buhari has promised to reward members of the All Progressives Congress (APC) who work for his victory in 2019 presidential election. Buhari made the pledge on Wednesday night when the Buhari Support Organisation (BSO) launched "Together Nigeria," to support the president’s re-election bid at the old Banquet Hall of the Presidential Villa, Abuja. The president, who acknowledged that he was unable to reward some of Continued on page 10

22 House Members Move to Return Nigeria to Parliamentary System of Govt Shola Oyeyipo in Abuja The House of Representatives yesterday passed the first reading of a bill initiated by 22 members seeking to return Nigeria to parliamentary system of government. A group of bi-partisan lawmakers, numbering 22, who are members of the lower chambers of the

National Assembly, addressed journalists yesterday in the House of Representatives Press Centre, and said the presidential system of government had become too costly, and was not giving Nigerians the best type of leadership. The lawmakers, who said they were already 71 in number, said they were

collecting more signatures, saying they were sure to get the mandatory two-third majority needed to facilitate a constitution amendment that would see Nigeria return to parliamentary system of government. Presenting their case to House of Representatives correspondents, Hon. Nicholas Osai (Delta, PDP), said the

aim was to bring about better fusion of government and foster harmony between the executive and the legislature. According to him, “Our position in this legislation clearly point to compelling advantages of parliamentary systems of government to economic growth and development as well as its inherent efficiency in the

conduct of government businesses. “Studies have shown that countries run by presidential regimes consistently produce; lower output growth, higher and more volatile inflation and greater income inequality relative to those under parliamentary ones.” He noted, “Little wonder the rich continue to be richer

while the poor get poorer and we have become the poverty capital of the world.” He said the presidential system was responsible for slow passage of legislation, high unemployment, political and economic instability. According to him, “There are countless empirical records, Continued on page 10

Obasanjo: Don’t Instigate Press War, Fani-Kayode Warns Presidency… Page 10


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.