Shell Plans $15bn Investments in Nigeria, Targets 70% Local Content To power over 1.2 million homes with Ohaji gas project
Emmanuel Addeh in Yenagoa The Shell Petroleum Development Company (SPDC) yesterday said that it would be expending about $15 billion across 24 oil and
gas projects in Nigeria in the next five years. Speaking at 2nd Nigeria Oil and Gas Opportunity Fair (NOGOF), concluded in Yenagoa, Bayelsa State, Managing Director of
Shell, Mr. Nosa Okunbor, who spoke on the need for Nigerians to take advantage of the opportunities in the oil industry, also said that the oil giant would, in the next five years, surpass a 70 per cent
target in the deployment of wholly Nigerian human and material resources to achieve its production benchmark. The two-day programme was themed "Maximising Investment into the Nigeria
Oil and Gas Industry for the Benefits of the Nigerian People" and was organised by the Nigerian Content Development and Monitoring Board (NCDMB) headquartered in Bayelsa.
Okunbor added that when completed, the ongoing projects, in the next five years, were capable of generating thousands of jobs in the Continued on page 7
OPEC Praises Nigeria, 8 African Countries for Helping to Stabilise Oil Market… Page 7 Saturday 6 April, 2019 Vol 24. No 8762
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Bloodbath Continues in Zamfara, Bandits Kill 50 Bennett Oghifo with agency report
ALL FOR OIL AND GAS... L-R: Osagie Okunbor, Managing Director, Shell Petroleum Development Company (SPDC); Minister of State for Petroleum, Dr. Ibe Kachikwu and the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, at the Nigeria Oil and Gas Opportunity Fair in Yenagoa, Bayelsa… yesterday
At least 50 people, including several members of the Civilian Joint Task Force (CJTF), in Zamfara State have been killed in Kaura Namoda by rampaging bandits. This is coming on the heels of a robust security action plan tagged, ‘Operation Puff Adder’ launched by the Ag. Inspector General of Police, Mohammed Adamu aimed at flushing out criminal elements across some states of the federation, Zamfara inclusive. The Speaker of the Zamfara State House Assembly, Sanusi Rikiji, who revealed this during Continued on page 7
Onnoghen's Negotiated Resignation Awaits President Buhari’s Next Step Onyebuchi Ezigbo and Alex Enumah in Abuja With the resignation of suspended Chief Justice of Nigeria, Justice Walter Onnoghen, done and dusted, following the submission of his letter on Thursday, all the stakeholders in the long-winding drama are now awaiting the arrival of President Muhammadu Buhari for his seal on the deal,
which sources confirmed to THISDAY, was “negotiated.” President Buhari is attending the World Economic Forum holding in Jordan and the Investment Summit scheduled to hold in Dubai. He is expected back in the country on Tuesday. Onnoghen is currently being prosecuted by the federal government on a six count charge bordering on alleged failure to declare some of
his assets in line with the provisions of the law for public officers. He was specifically accused of not declaring five of his accounts in Standard Chartered Bank located in Wuse Abuja. Sources said key stakeholders negotiated a soft landing for the suspended CJN “to ensure that the Judiciary is not bruised.” This, the source said, also resulted in the NJC
recommending his compulsory retirement instead of a dismissal demanded by the Presidency. The option of voluntary resignation by Onnoghen was also put forward by the stakeholders, which the suspended CJN quickly accepted. “All the stakeholders are waiting for the arrival of the President to seal the deal. They are very hopeful that
he would respond positively. They expect Buhari to either accept Onnoghen’s resignation or approve the compulsory retirement recommended by the NJC. Either is a soft landing for Onnoghen,” said another sources last night. A member of Onnoghen’s legal team, who spoke to THISDAY yesterday afternoon on condition of anonymity, said: “The CJN has tendered his resignation letter. I spoke to
him earlier today. I can confirm to you that he has resigned. But I don’t have his approval to formally speak to the press. Yes, he has resigned. He sent his letter to the President through the NJC.” However, the Director of Information, NJC, Soji Oye in a telephone conversation with THISDAY said he could not confirm the report of Onnoghen’s resignation. Continued on page 7