Unongu Shares Mind

The report of forensic audit of NNPC was released to the public yesterday in accordance with President Goodluck Jonathan's directive. Here are some major points as revealed by the report.  1. $ 980 million was over charged as subsidies on Petrol and Kerosene between January 2012 and July 2013. 2. $3.38bn was spent on kerosene subsidy for the review period. 3. A total sum of $ 13, 637, 077, 362 from sale of domestic crude was not remitted. 4. The following cannot be substantiated due to lack of supporting documents:   i. $ 0.25 billion claimed as NPA charges   ii. $ 59, 324, 737.01 spent on charter Hire services   iii. $ 6, 658, 588.74 of the $ 17, 767, 683.54 claimed as management fee of MT Tuma and MT Oloibiri.   iv. $ 5, 457, 006.98 of the $ 46, 265, 215.13 claimed as crude transport payment.   v. $ 6, 707, 826.05 on marine through put.   vi. $ 11, 896, 654.71 claimed as repair cost on pipeline vandalism.   vii. Manag...

A Federal High Court in Lagos has ordered Multi Choice Nigeria Limited, operator of the Digital Satellite Television, popularly known as DStv, to hold action on its planned subscription fee increment. Justice C.J. Aneke, who made the interim order last week, held that it would subsist till the determination of a lawsuit contesting the legality of DStv’s newly introduced rates and increase in tariffs payable by all its subscribers in the country. Two legal practitioners in Lagos, Osasuyi Adebayo and Oluyinka Oyeniji, had approached the court challenging what they described as arbitrary increment in DStv subscription rates imposed on its customers. The action, they said, followed an announcement by Multi Choice in March that it was increasing DStv subscription fees by 20 per cent on all viewing plans effective from April 1, 2015. The company had reportedly explained  that the price increase was necessary for it to be able to continue to offer the best in local and inter...

Buhari Extends Hand Of Fellowship To Jonathan BRIEF PRESS STATEMENT BY GENERAL MUHAMMADU BUHARI,GCFR, PRESIDENT ELECT ON THE PLATFORM OF THE ALL PROGRESSIVES CONGRESS, APC. MARCH 31ST, 2015 At exactly 5:15pm Yesterday evening President Jonathan called to congratulate me on my victory. For this I want all Nigerians to join me in congratulating and appreciating Mr President for his statesmanship. President Jonathan engaged in a spirited campaign and was a worthy opponent. I extend my hand of fellowship to him. I look forward to meeting him soon as we plan the transition from one administration to another. He will receive nothing but understanding, cooperation and respect from me and my team. The good people of Nigeria, answered the call of history. When the account of this fine moment is written, it will be said that it was the people themselves who led this nation to democracy. You stood in line patiently for hours in the sun, rain and then in the dark to cast your ballo...