NOLLYWOOD ACTRESS TOPE OSOBA’S BURIAL POSTPONED INDEFINITELY AS FAMILY ADDRESSES CAUSE OF DEATH RUMORS. (PHOTO).

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 Nollywood Actress Tope Osoba’s Burial Postponed Indefinitely as Family Addresses Cause of Death Rumors The family of the late Nollywood actress, Tope Osoba, has announced the indefinite postponement of her burial ceremony. The decision, which comes weeks after her sudden passing, has sparked widespread conversation among colleagues, fans, and the general public regarding the circumstances surrounding her death. In an official statement, the family explained that the delay is necessary to allow for further arrangements and the resolution of essential matters related to her passing. This announcement follows the successfully held candlelight procession and Artist’s Night, which were organized to honor the memory of the beloved actress. Foluke Daramola Clarifies Cause of Death Rumors The postponement comes amid growing speculation about what led to the actress's demise. Addressing mourners and colleagues during the tribute events, prominent Nollywood actress Foluke Daramola debunked ...
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FG STOPS NNPC DEDUCTIONS; ORDERS DIRECT OIL PAYMENTS TO FEDERATION ACCOUNT. (PHOTO).

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FG Stops NNPC Deductions; Orders Direct Oil Payments To Federation Account

The Federal Government has taken steps to tighten control over the country's petroleum revenues, following the inaugural meeting of the Implementation Committee for Executive Order 9, signed by President Bola Ahmed Tinubu.

Key decisions reached include stopping NNPC Limited from collecting the 30% management fee and 30% frontier exploration fund deductions from profit oil and gas under Production Sharing Contracts with immediate effect. Gas flare penalties remittances into the Midstream and Downstream Gas Infrastructure Fund have also been suspended.

Contractors will now make direct payments of profit oil, royalty oil, and tax oil into the Federation Account, but with a transition period to respect existing contracts and maintain investor confidence, while a Technical Subcommittee has been set up to develop guidelines for the transition and review the Petroleum Industry Act to address revenue weaknesses.

The Implementation Committee, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, assured stakeholders of continued coordination and regular updates while commending their cooperation in ensuring that Nigeria’s petroleum resources yield greater benefits for citizens nationwide.

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