Oil/Gas Reports
Malabu Scandal: Court says Adoke ‘not liable’ for obeying Jonathan’s directives
The Court says the former attorney general merely performed his constitutional duties.
Nigeria loses N222 billion in one year in shady crude oil swap deals — NEITI
Nigeria receives refined fuel lower in value by $723 million, compared to crude oil it sent abroad for refining.
NNPC should be made to account for N5.15 trillion – NEITI
The report revealed that Nigeria’s oil and gas revenues dropped from $54.5 billion in 2014 to $24.8 billion in 2015.
FACT-CHECK: Documents show Kachikwu lied against Buhari, NNPC GMD in $2.89 billion contract claim
Our checks show the minister’s allegation against the President and Mr. Baru is false
Why SEC is yet to start Oando forensic audit
An official says audit may commence after Yuletide.
Oando: Two weeks after public notice, SEC yet to commence forensic audit
Sec told Nigerians on December 5 the audit would begin the next day.
Enmeshed in bribery scandal, Addax says it plans $3 billion investment in Nigeria
Addax paid huge fines in Switzerland over bribery scandal in Nigeria.
How Alison-Madueke used fictitious persons to acquire multi-billion naira assets – EFCC
Businessman Jide Omokore and his wife were also linked to the scandal.
UPDATED: SEC writes Oando again, orders firm to open doors to forensic auditors from Wednesday
The SEC letter to Wale Tinubu was signed by Abdul Zubair, the Acting Director General of the commission.
Reps investigate SEC, Oando Crisis
Mrs. Adeosun ordered the suspension of Mr. Gwarzo and two others based on corruption allegations against them
Court strikes out Oando’s suit to stop forensic audit
The court says it lacks jurisdiction.
Oando: Court ruling stirs uncertainty over suspension of shares’ trading
SEC, NSE keep mum over court restraining order
Oando contests suspension in court, faults SEC’s decision
Oando says SEC acted ”without having concrete evidences.”
How Oando declared dividends from unrealised profits, released false financial statements — SEC
The regulatory body says a consortium of experts would audit records of the firm.
What you need to know about the Oando PLC crisis
Managers of the company deny allegations of mismanagement.
Oando crisis worsens as firm is suspended from Johannesburg Stock Exchange
The NSE had suspended the firm on Wednesday.
Oando reacts to SEC/NSE Suspension
NSE said a ‘full suspension of firm’ is effective for 48 hours from Wednesday to Friday.
Why we suspended trading of Oando shares – NSE
“A full suspension is the halt of trading activities in a listed security for a period,”
UPDATED: Oando Crisis deepens as SEC suspends sale of shares
The company has been enmeshed in crisis since its last shareholders meeting.
$25 billion claims in Kachikwu’s memo fabricated – Osinbajo
The presidency says monetary values cannot be associated to the contracts.
Osinbajo admits approving N640 billion oil contracts for NNPC
Mr. Osinbajo’s admission introduces a new twist to the raging NNPC contract controversy.
NNPC says Osinbajo gave approval for N640 billion contract; vice president’s office keeps mum
The presidency is yet to clarify its role in the NNPC controversy.
Buhari approved N640 billion oil contracts from his sick bed in London, NNPC chief Baru indicates
The contacts were approved by the president even when Mr. Osinbajo was acting president.
How President Buhari caused NNPC Scandal
Minister Kachikwu accuses the NNPC chief of insubordination and contract impropriety.
NNPC Scandal: GMD Baru fails to address two key issues in response to Kachikwu
Mr. Baru through a public statement responded to the alleged N9 trillion contract scandal.