BUHARI, ABBAS, AKUME, OTHERS AMONG AS WIKE REVOKES ALLOCATION OF 762 FCT LANDOWNERS. (PHOTO).

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 𝐁𝐮𝐡𝐚𝐫𝐢, 𝐀𝐛𝐛𝐚𝐬, 𝐀𝐤𝐮𝐦𝐞, 𝐎𝐭𝐡𝐞𝐫𝐬 𝐀𝐦𝐨𝐧𝐠 𝐚𝐬 𝐖𝐢𝐤𝐞 𝐑𝐞𝐯𝐨𝐤𝐞𝐬 𝐀𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝟕𝟔𝟐 𝐅𝐂𝐓 𝐋𝐚𝐧𝐝𝐨𝐰𝐧𝐞𝐫𝐬 Nyesom Wike, the Minister of the Federal Capital Territory, has revoked the lands allocated to several prominent Nigerians, including former President Muhammadu Buhari, Speaker of the House of Representatives Tajudeen Abbas, and Secretary to the Government of the Federation George Akume, due to non-payment of Certificate of Occupancy fees. Also, 759 other prominent figures and organisations in Maitama II, Abuja. were also affected by the revocation which was for non-payment of Certificate of Occupancy. This was contained in a publication by the FCT Administration and made available to newsmen by the Special Adviser to the FCT Minister, Lere Olayinka. In a separate publication, the minister also threatened to revoke lands belonging to the Minority Leader of the House of Representatives, Kingsley Chinda; former presidents of the Sena...
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FG TO LAUNCH NEW OIL BLOCK LICENSING ROUND IN 2025, AS WINNERS OF 2024 EXERCISE ARE ANNOUNCED TODAY.(PHOTO).

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 FG to Launch New Oil Block Licensing Round in 2025, As Winners of 2024 Exercise Are Announced Today


The Nigerian Upstream Regulatory Commission (NUPRC) has confirmed plans for a new oil bidding round in 2025, aimed at attracting investments, boosting oil and gas reserves, and enhancing Nigeria’s production capacity. NUPRC’s Chief Executive, Engr. Gbenga Komolafe, revealed that the 2025 round would focus on undeveloped fields and natural gas development to align with Nigeria’s UN Sustainable Development Goals.


Speaking at the 2024 Licensing Round Commercial Bid Conference in Lagos, Komolafe emphasized that the 2025 exercise would unlock Nigeria’s hydrocarbon potential, drive economic growth, and attract investors. He added that the NUPRC aims to responsibly and sustainably develop the nation’s oil and gas resources.


Meanwhile, the winners of the 2024 Licensing Round, which launched in May, will be announced today. This year’s round featured 24 carefully selected blocks, with a total of 31 blocks available, including seven carried over from the 2022 Mini Bid Round. The 2024 exercise is designed with a focus on transparency, accountability, and environmental responsibility.


Komolafe also highlighted the importance of collaboration between local and international companies, promoting local content, and creating employment. The NUPRC’s initiatives aim to drive exploration and development, ensuring Nigeria’s position as a leading energy player.

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