Naijawassup: Federal Government of Nigeria

FG cancels joint venture cash calls with oil coys

The Federal Government has announced the cancellation of joint cash call with oil companies operating in Nigeria.

The announcement came on a day the government said it had also uncovered heinous acts of frauds in the revenue generating agencies.

Briefing State House correspondents at the end of National Economic Council, NEC meeting at the presidential villa, Abuja, yesterday, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, alongside Governor Willie Obiano of Anambra State and his counterpart from Bauchi State, Alhaji Mohammed Abubakar, said Nigeria owed call arrears of $6.8 billion over five years.

The reason for the cash call withdrawal was principally hinged on the paucity of funds arising from the drastic fall of crude oil prices in the international market, which had made it almost impossible for Nigeria to meet its cash call obligations.

The development, however, is expected to generate about $15 billion worth of investments.

November 17, 2016
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Bakassi Strike Force Rage Over Nigerian Government In New Video

Bakassi Strike Force

In a new video obtained by NaijWassup, members of the Bakassi Strike Force explained their motives and the conditions under which they would lay down their arms.

The Niger Delta militant group, Bakassi Boys stated that its opposition to the Nigerian federal government is rooted in the latter’s failure to include the people of Bakassi in the Greentree Agreement of 2006, which ceded the region to Cameroon. One militant told our correspondent that Bakassi was “handed over to Cameroon without recourse to human rights,” which has brought “untold hardships” on the people of the community.

The militants also explained that they would lay down their arms if the people of Bakassi are included in an agreement over the fate of the region. If the Nigerian government cannot reclaim Bakassi, the group said, a "resettlement should be instituted" that would fairly compensate the people of Bakassi.

To see for yourself, Watch the video in the link below

https://youtu.be/5y2j9KlXiDo

October 31, 2016
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Fatima Buhari weds Former Bank MD, Yau Kumo

Federal Government of Nigeria

President Buhari's second daughter, Hajiya Fatima is reportedly set to wed the Former Managing Director of the Federal Mortgage Bank of Nigeria, Malam Gimba Yau kumo, on Friday, 28th October 2016 in Katsina.