ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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NIGERIA & SWITZERLAND,HAVE SIGNED AN AGREEMENT THAT PAVES WAY FOR THE RETURN OF $300 MILLION ABACHA LOOT.

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                        Vice President of Nigeria Yemi Osinbajo said yesterday tuesday that Nigeria and Switzerland have signed an agreement that paves the way for the return of more that $300 million confiscated from the family of the Nigeria's former military ruler,Sani Abacha.Laolu Akande,a spokesman for Nigerian Vice President Yemi Osinbajo,said in an emailed statement that Nigeria's attorney general signed a letter of intent,under the terms of which Switzerland will award Nigeria $321 million acquired by the Abacha family.Swiss authorities said the letter of intent was also signed by its head of the Federal Department of Foreign Affairs,Didier Burkhalter and marks an important step toward the return of assets monitored by the world bank.Transparency International,a corruption watchdog,has accused Abacha of stealing up to $5 billion of public money during the five years he ran Nigeria as president from 1993 until his death in 1998.More photos below.                                           

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