To Ramp up Oil Production, FG Moves to Resolve Dispute over Sale of $1.3bn ExxonMobil’s Assets Emmanuel Addeh in Abuja
ExxonMobil’s oil asset sale which has now been held up for close to two years. It wasn’t clear what the details of the meeting which took place in Abuja were, but the Minister
The federal government has met with a team from Seplat Energy, to resolve the stalemate arising from the proposed $1.3 billion
of State, Petroleum (Oil), Senator Heineken Lokpobiri, hinted that it bordered on ways to resolve the prolonged altercation. On his verified X/Twitter handle, Lokpobiri stressed that
the matter needed to be quickly settled because Nigeria wants to ‘‘aggressively’’ ramp up its crude oil production, which has tanked for more than three years. However, under the deal
it will be one of the biggest divestments in Nigerian history, since energy majors like Shell Plc started offloading unwanted assets
unveiled in February 2022, Seplat had agreed to pay the sum for an Exxon unit that holds a 40 per cent operating stake in four shallow-water licenses. If the transaction succeeds,
Continued on page 5
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Jonathan: I’d Have Relocated My Mum If Diri Had Lost Election… Page 5
Obi: African Leaders Have Turned Their Countries into Gigantic Criminal Enterprise Says professor’s salary for 30 years can’t buy Nigerian legislator’s car
Chuks Okocha in Abuja
The presidential candidate of
the Labour Party (LP) in the last general election, Mr. Peter Obi, has said that African leaders
have turned the continent into a gigantic criminal enterprise, insisting that poor leadership, and
not colonialism is responsible for Africa's problems. Obi, in a statement issued
yesterday by his media aide, Michael Jude Nwolisa argued that the accumulated salaries of
a professor for 30 years cannot Continued on page 5
Universities Won’t Embark on Strike Again, Tinubu Declares Says dialogue, negotiation should be prioritised by labour unions Pledges to establish synergy with academic unions Fidelis David in Akure Barely 24 hours after President Bola Tinubu cancelled the controversial deduction of 40 per cent of Internally Generated Revenues (IGRs) from federal universities across the country to avert crisis, the president has said his administration will take all necessary actions to ensure that universities do not embark on strike actions again. He said constructive dialogue and negotiation should be prioritised over actions that negatively impact the welfare and future of Nigerian students. Tinubu said the federal government was willing to establish
synergy with all the academic unions within universities in the country as well as exhaust all avenues for dialogue before any strike actions. Speaking at the 33rd convocation ceremony of the Federal University of Technology, Akure (FUTA), Tinubu expressed the hope that the cooperation of the unions with the federal government would ensure the needed educational development in the country. Tinubu, who was represented by a former President of West Africa College of Surgeon (WACS), and a visiting Professor of the National Continued on page 5
Gov Yusuf Accepts Ganduje’s Challenge, SWEET VICTORY... Heads to Supreme Court... Page 10 The President-elect of Liberia, Mr. Joseph Boakai, who was declared winner of the presidential election in Monrovia…Friday
REUTERS