A Milan court has sentenced Emeka Obi, a Nigerian and Gianluca Di Nardo, an Italian, to a four-year jail term for their complicity in a bribery scandal linked to the sale of OPL 245 in 2011.Quoting a legal source, Reuters reported that Obi and Di Nardo were sentenced on Thursday.Both men were said to be closely linked to Dan Etete, [...]
Petrobarometer
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President Muhammadu Buhari withheld his assent from the Petroleum Industry Governance Bill (PIGB) because of ''legal and constitutional reasons'', his legislative aide has said.Ita Enang described as blackmail reports that Buhari rejected the bill because it whittled down his power as minister of petroleum resources.In press release on Wednesday, Enang said the three major reasons are:"That the provision of the [...]
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President Muhammadu Buhari has rejected the historic Petroleum Industry Governance Bill (PIGB) as passed by the national assembly, TheCable Petrobarometer understands.The proposed law, which is conceived to liberalise the governance structure of Nigeria's oil industry, is one of the four bills in which the omnibous Petroleum Industry Bill (PIB) was broken into by the legislature after over a decade of [...]
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