FG Earns $1bn from Renewal of 22 Oil Blocks Set to deploy N72bn intervention fund to tackle power crisis Chineme Okafor and Omololu Ogunmade in Abuja President Muhammadu Buhari, being Nigeria’s substantive minister of petroleum resources, has approved the renewal of 22
expired and expiring oil blocks, from which the Department of Petroleum Resources (DPR) realised about $1 billion for the government, THISDAY has learnt. This is coming on the
heels of the disclosure by the federal government that it was on the final stages of deploying about N72 billion it had set aside to upgrade selected weak parts of the electricity distribution networks
owned and operated by the 11 distribution companies (Discos) in the country. The approval for the renewal of the 22 expired and expiring oil blocks came few weeks after the House of Rep sentatives
claimed that the DPR had renewed expired oil blocks under dubious circumstances, and subsequently realised $10 billion - an allegation the DPR roundly denied. THISDAY gathered that
holders of 25 oil blocks had filed applications for renewal but 22 were approved by Buhari after the DPR’s reviews. Sources in the DPR and Continued on page 6
Minimum Wage: Labour Prepares for War, to Storm N/Assembly Monday … Page 6 Saturday 26 January, 2019 Vol 24. No 8683
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Anger, Protests, Trail Buhari’s Suspension of Onnoghen Atiku: This is an act of dictatorship taken too far Saraki: It’s a deliberate attempt to endanger the nation's hard earned democracy NBA: It’s coup against the judiciary Fani-Kayode: It’s a clear breach of the rule of law and the constitution Ozekhome: Buhari has suspended the constitution Southern/ Middle Belt Leaders: Constitutional crisis looms IYC: It is coup against democracy Agbakoba calls on Nigerians to vote out Buhari Our Correspondents Massive criticisms have greeted President Muhammadu Buhari’s decision to suspend the Chief Justice of Nigeria (CJN), Justice Walter Onnoghen, and swear in Justice Ibrahim Tanko Mohammed as the acting CJN, with many Nigerians describing it as an assault on the constitution. The President, who swore in Mohammed in the Council Chamber of the Presidential Villa yesterday, said his decision was spurred by the order of the Code of Conduct Tribunal (CCT) which he said directed him to suspend Onnoghen pending the conclusion of his trial by the CCT. Onnoghen had been dragged
before the CCT on January 14 by the federal government following a petition filed before the tribunal against the CJN by the Executive Director of Anti-Corruption and Research Based Data Initiative, Dennis Aghanya. Following the petition, the Code of Conduct Bureau (CCB) moved to arraign Onnoghen before the CCT over allegations that he was operating three domiciliary accounts in Standard Chartered Bank with the total balance of $3million which he allegedly failed to declare as required by the law. However, various moves by the CCT to commence Onnoghen's trial have been Continued on page 6
EFCC Asks Court to Strike out Case IBRAHIM MOHAMMED TAKES OVER… Muhammadu Buhari swearing in Justice Ibrahim Tanko Mohammed as the Acting Chief Justice of Nigeria, at the against Ofili-Ajumogobia … Page 16 President Council Chambers of the Presidential Villa, Abuja ...yesterday GODWIN OMOIGUI