Paul Okoye Says A Prayer For Psquare

Paul Okoye of Psquare has finally spoken out on the reports that the duo are on a verge of breaking up.

Paul & Peter Okoye with their wives and kids
It was reported four days ago that top Nigerian singers, Psquare made up of twin brothers: Peter and Paul Okoye are parting ways after so many years of being together, singing together and literally doing everything together due to irreconcilable differences.
Although some felt it was some kind of publicity stunt, others doubted the authencity of the report, it however came as a shock to many after their elder brother/manager, Jude Okoye tweeted saying: “After 10 years it’s over. Am done.”
Paul Okoye took to his facebook page to say a prayer for his family at this trying time.
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Nigerian Muslim Clerics Recruit For Boko Haram, Governors Take Bribe — Cameroon, Report

The government of Cameroon has alleged that Nigerian Muslim clerics living in the border towns of Cameroon and Nigeria are recruiting Boko Haram members in their mosques.

It added that to make matters worse, government officials in the North East states of Yobe, Borno and Adamawa collaborate with the terrorists and take bribes from them, thereby, hindering the fight against the terrorists. Governors of these states also capitalise on their civilian fears to berate the army and the federal government.
The allegations by the Cameroonian government and more, were published in a report, yesterday, by US-based online military news agency, StrategyPage. The magazine explains that the army wants governors in the affected states removed because “many officials in those states are cooperating with Boko Haram (to avoid attack) and are taking bribes from the Islamic terrorists.
“Some of these officials are covering themselves in case Boko Haram should gain power and the governors are often just responding to civilian fears of army misconduct,” it noted.
“Cameroon is also concerned about pro-Boko Haram clerics from Nigeria quietly preaching and recruiting for Boko Haram in Cameroon mosques.
“Islamic conservative clergy are not unusual on either side of the border, but those who do not denounce Boko Haram are suspected of quietly recruiting young men to join the “jihad” (struggle) and fight (and often die) in Nigeria. These preachers have to recruit quietly because otherwise police in Cameroon will arrest and deport them, sometimes after a vigorous interrogation. Evidence of this recruiting is showing up when some of the recruits return from Nigeria with tales of disillusionment and adversity while with Boko Haram,” the report said.
The magazine said that the Cameroonian government is “being criticized because recent claims of large (over 5,000 weapons) arms seizures near the Nigerian border could not be verified by reporters. Civilians living in villages near where the government said the seizures took place said they saw nothing. The government responded that the smugglers operated in remote areas and avoided civilians as well as security forces. There are also concerns that even if weapons were seized they would, as often happens, be sold back to black market arms dealers so that government officials could keep the cash.”
The report said further: “Residents of those three states have justifiable complaints about the army, in particular the casual attitude of the military towards the safety of civilians and their property.
“The army is also unreliable when it comes to sharing information on casualties. Thus Boko Haram related deaths so far this year are believed to be (based on local reports) at least 1,500, which is 50 per cent more than what the army reports. Boko Haram related deaths from 2010 to 2013 were about 3,600, so the violence is not declining.
“The government has been saying, for several years, that Boko Haram would be crushed within a year and never happens. More insightful observers point out that the problem is mainly one of corruption and poverty, as well as the appeal of Islamic radicalism as a magical cure. All of Nigeria suffers from corruption.
“Poverty is more prevalent in the Muslim north, in part because of climate. That’s because the semi-desert Sahel region south of the Sahara Desert is found in the north. Another problem is the more conservative nature of Islamic populations and the lower education levels,”

Teenage Gay Cult Called ‘Yansh’ Discovered In Warri

A cult of teenage homos*xuals patronised by gay men exists in Warri, Delta State Government yesterday revealed.

Making the disclosure in his Easter message to Deltans at the First Baptist Church, Warri, Governor Emmanuel Uduaghan said teenagers from ages 15 to 18 belong to the sect named Yansh, and live in rented apartments close to Enerhen Junction, Warri, where men come to sleep with them.
“These are our sons and men come to sleep with them. It is through the Edu Marshals Programme that we discovered them. We used to know about female harlots, now we have male harlots. Unfortunately they are young boys. There is much government can do, but there is more we can do as parents,” he said.
Uduaghan therefore challenged parents to be alive to the realities of today’s society as crimes committed daily were committed by children belonging to parents who are members of the immediate society.

PSquare Break Up – Peter Okoye Calls In Lawyer To Share Property, Moves Out Of Family House

There were reports that the brothers even fought during rehearsals.
Inside sources have revealed that the fight between the brothers actually started by their PAs. Jude's PA, Wande, was said to have given money to Peter's PA, Shege to get his car registered but Shege allegedly spent it on something else. This angered Jude's PA who stormed Squareville to confront Shege.
They got into a heated argument which resulted in a serious and bloody fight. Peter then reportedly came in and joined in the combat. He was about to hit Jude's PA with a pen when Paul held him to prevent him and in anger, Peter allegedly swung his free hand, landing his twin brother a big blow that made him fall to the ground but he didn't fight back.
Their elder brother Tony allegedly joined in, pounced on Peter and started beating him.
Reports have it that Peter wants to be incharge of their funds or get more money allegedly due to pressure from his wife but Jude has always been in charge and Paul wants it to stay that way.
Every family has its own issues, pray they get through this.

Why We Are Still Holding Corpses Of Abuja Blast Victims – National Hospital

The management of National Hospital, Abuja, where some victims and corpses of last Monday bomb blast were taken to, said it had only released three of the 15 corpses that were deposited at the hospital’s morgue because of the medical processes involved in case government decides to compensate the relations of the deceased.

Chairman, Medical Advisory Committee of the hospital, Dr. Tony Okam, told Vanguard shortly after the Deputy Senate President visited the hospital to sympathize with the injured, weekend, that the hospital decided to follow all necessary due processes and documentation before releasing the corpses.
Okam, who explained that part of the processes included forensic reports by pathologist, noted that the measure would facilitate identification of relations of the dead in an event government decides to compensate them.
According to him, “the problem we had was that when government wanted to pay compensation on the immigration saga, there was the issue of relations coming to claim the corpses.
“We now said that the forensic pathologists have to come and identify the casualties but you know religion came into play as some Muslims will like to bury their loved ones.
“We now asked what we should do under the circumstance, and we agreed that we should prepare a letter of undertaking, which the family (of the deceased) will have to sign as well as the police.
“Under that circumstance, we will let go but ideally, we agreed with the forensic pathologists and the police that there must be autopsy report but what do we do in a situation whereby the relations of the deceased want to bury the dead immediately according to their religious belief.
“It was not easy trying to achieve what we can do and we made it clear to them that they have to sign it and the police also have to sign. So we have been able to release three corpses.
“We had 14 (corpses). Remember if government decides to pay compensation now many people will come and say I am the relation, we had an issue with that just recently.”

I’m Now In Abuja, Catch Me If You Can – Shekau Dares Security Agencies

If the recent video released by leader of the Boko Haram terrorist group, Abubakar Shekau yesterday, in which he claimed responsibility for Monday morning’s bombing in Nyanya, that resulted in the death of over 71 persons, is anything to go by, the Federal Capital Territory (FCT) and indeed other parts of Nigeria may be under threat following Shekau’s boast that he is in the nation’s capital and has dared the security agencies to catch him if they can.

He said the Nyanya bombing and many others carried out by his group were in retaliation for all the killing of Muslims in Nigeria and other parts of the world.
In the 28-minute video, Shekau appeared dressed in military camouflage, a black turban and with an AK-47 rifle slung across his chest. He was holding a thick chewing stick in his right hand with a spiral-bound notepaper in his left.
He began his speech by pointing the chewing stick and mentioning the name of President Goodluck Jonathan three times before saying, “You are just too small”.
Shekau said, “We are the ones who carried out the bombing in Abuja in an area called Nyanya. [President] Jonathan you are a lame duck. Jonathan, you are too small for us”.
In the video, which he switched between Arabic and Hausa language, Shekau queried why the president was mute when Muslims around the world and in Nigeria were killed and dared him to find his location, saying he was right within the FCT.
The video ended with footage of the destruction at the scene of the recent Nyanya explosion.
“You (Jonathan) should know that we are worshipping God, that is why we are always victorious in all our attacks; if you are that wise and knowledgeable, why is it still very difficult for you to locate where we are up till date despite the fact that we are within Nigeria. Look at us, we are right within your city (Abuja), and you don’t even know how to find us. Let me tell you now; I am here, very close to you; I dare you to get me, if you can”, said Shekau.

Commercial Motorcyclist Sentenced To Death By Hanging Over Death Of Corps Member

An Ikere Ekiti High Court presided over by Justice Adegoriola Adeleye has sentenced a 26‑year-old commercial motorcyclist, Theophilus Pius, to death by hanging for his role in the case of a missing National Youth Service Corps member, Miss Anthonia Okeke, who was serving at Ilawe Ekiti.
In the case that lasted six years, the judge equally sentenced Pius to 10 years imprisonment for kidnapping Anthonia, which ultimately led to her death in the hands of ritualists.
Anthonia, a Chemical Engineering graduate of Nnamdi Azikiwe University, Awka, Anambra State, was kidnapped in Ilawe Ekiti in Ekiti South-West Local Government Area of Ekiti State on December 19, 2008 by Pius and his gang during her service year.
“I want to submit that the prosecution counsel has been able to prove his case beyond reasonable doubt. He has been able to establish that the defendant is culpable and no criminal shall go unpunished in the face of law,” Justice Adeleye said while delivering his judgement.
He therefore ruled that Pius, whom he found guilty of murder should die by hanging. He is also to serve 10 years jail term for his complicity in the kidnap of the late corps member.

SEE What Omotola Jalade Is Wearing

Nollywood actress, Omotola Jalade-Ekeinde is no doubt one a well-endowed woman.

The happily married mother of four who recently turned 36 has once again shown us why she's called 'Omo Sexy' as she flaunts her hot legs in a sexy short outfit on her trip to Ghana.


The beautiful actress/ singer was born on the 7th of February 1978 started her her movie career in 1995 and has since gone on to feature in over 300 movies.

She is married to Captain Matthew Ekeinde and they have four children together.

The award winning actress who also has her own TV show ' The Real Me' was listed among 100 most influential people in the world by TIME Magazine alongside Michelle Obama, Beyonce and Kate Middleton.

Omotola is involved in humanitarian services and she is an ambassador for the United Nations and an activist with Amnesty International.

President Jonathan Says He Says He Has Found Solution To Nigeria’s Problems

President Goodluck Jonathan has said that Nigeria will overcome it’s challenges through spiritual solution.He gave this assurance on Sunday while speaking at the Dunamis International Gospel Centre, Area one, Abuja.
According to Jonathan,  the country’s challenges would have been worse without the prayers and spiritual support from pastors and Christians, adding that with continuous prayers and support from the Church, Nigeria would overcome its present challenges.
Commending the senior pastor, Dr Paul Enenche and his wife and Dr. Mrs. Enenche for their consistent support and prayers for his administration and the country as a whole, the president urged the congregation to keep praying for the nation.
Jonathan noted that he had ordered that every last sunday of every month, he would go round different churches in Abuja to fraternize with other Christians and appreciate them for their prayers, aside his usual worship centre, Aso Villa Chapel.
Pastor Enenche however prayed for the President to be able to take ‘rugged’ decisions at the right time which are in the fear of God and rule of law, irrespective of whose ox is gored while also praying for divine protection and guidance for the president and his cabinet.
Enenche committed the 2015 election into the hands of God, that it should not end in war or destruction.

Annie Idibia Says She Needs More Enemies

Following the report that went viral of her husband — 2face Idibia impregnating a banker; Annie who said its the handwork of their enemies seem to be ready for them.
The actress and mother or two posted took to her twitter page to express her feelings Who saidd I don’t need enemies? In whose presence will God prepare my table then? – AnnieMacaulay Idibia (@AnnieMacaulay1) February 21, 2014
Annie and 2face Idibia got married in 2013 after the singer had welcomed 6 children from 3 different women including Annie.

Sanusi May Be Prosecuted —Presidency

Iinvestigation revealed that relevant government agencies, especially the anti-graft agencies, would be asked to study the report of the Financial Reporting Council of Nigeria which indicted the embattled governor with a view to prosecuting him.


“When government’s spokesmen said on Thursday that investigation into the matter was still ongoing, what do you think they were talking about? It is clear that there are agencies of government saddled with the responsibility of investigating cases like this. They will definitely carry out their statutory responsibilities,” a competent government source told SUNDAY PUNCH.
Special Adviser to the President on Media and Publicity, Dr. Reuben Abati, told our correspondent that the FRCN in its report to President Goodluck Jonathan indeed recommended prosecution.
He however said he could not confirm whether the President had given any directive to anti-graft agencies.
The presidential spokesman said what was clear was that Sanusi had a lot of questions to answer on the matter.
Abati said, “I don’t have any information on whether the President has sent the report that indicted Sanusi to anti-graft agencies but if you see the FRCN report, it recommends prosecution as its last recommendation.
“I cannot tell you whether the President has taken steps on the strength of that recommendation or not because as we have said, investigation is still ongoing.
“I am sure Sanusi himself knows that he has a lot of questions to answer but I cannot tell you categorically that a particular step has been taken.”
The presidential spokesman added that the CBN 2013 financial statement could also be faulty since it was based on the 2012 statement that had already been condemned by the report.
“One thing most people are overlooking is that if the financial statement of 2012 was strongly condemned by the FRCN, the question you should ask is that on what basis did the CBN conduct its financial processes for 2013?
“If you say a particular financial statement is wrong, for you to start another year, you have to bring forward the balance of the previous year.
“So, what figure did CBN bring forward to 2013? There are still a lot of issues requiring further investigation before a water-tight case can be established,” he explained.
Paragraph 5.4 of the FRCN’s report dated June 7, 2013 signed by the council’s Executive Secretary, Jim Obazee, and addressed to the President read, “Your Excellency is invited to note that the explanation provided by the leadership of the CBN is unsatisfactory. Accordingly, Your Excellency may wish to decide that those found culpable should be prosecuted accordingly.”
The report found Sanusi and the bank’s deputy governors culpable and advised the President to exercise the powers conferred on him by Section 11(2)(f) of the CBN Act 2007 or invoke Section 11(2)(c) of the said Act “and cause the governor and the deputy governors to cease from holding office in the CBN.”

By INNOCENT ANABA, JOHNBOSCO AGBAKWURU, Abuja,
REACTIONS have continued to trail the recent suspension of the Governor of Central Bank, Mallam Sanusi Lamido Sanusi as the All Progressives Congress, APC, in the Senate has declared the suspension of the CBN boss by President Goodluck Jonathan as illegal and unconstitutional.
Meanwhile, the Federal High Court, sitting in Lagos,Friday restrained the police, the Department of State Services, DSS, and other security agencies from arresting the suspended Central Bank of Nigeria, CBN, Governor, Sanusi Lamido Sanusi.
The court presided over by Justice Ibrahim Buba gave the order after listening to Sanusi’s exparte application brought against the Inspector General of Police, IGP, and the DSS, under fundamental rights.

CBN Gov, Sanusi and Minister of Petroleum Resources, Alison-Madueke

Sanusi who was dressed in his usual turtle-neck suit arrived the court at about 3pm in two black Jeeps as the matter was heard in chambers.
Buba however, adjourned the substantive suit till February 28, when the other parties would have been put on notice.
The APC Senators said that they have started compiling all the constitutional breaches and flagrant violations of the laws by President Jonathan which their lawyers were scrutinizing for appropriate and necessary action.
They (APC Senators) told the President if he was serious with the issue of financial recklessness as alleged as the reason for firing Sanusi, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke should also be fired for the same reason.
But some Senators including some  in the opposition have said that the testimony by the Attorney General of the Federation and Minister of Justice, Mr. Mohammed Adoke at the senate investigative hearing by the Senate Committee on Finance had exonerated the petroleum Minister from any allegations.
The APC Senators through the Minority Leader, George Akume in a statement on Friday had flayed the suspension of the CBN governor alleging that the action of President Jonathan was inimical to good governance and the rule of law.
According to the statement, “The nation has yet again been confronted with another act by   the President, which is inimical to good governance and the rule of law with the illegal suspension from office of the  Governor of Central Bank, Mallam Sanusi Lamido Sanusi.
“While one may not question the prerogative of Mr. President to hire and fire, such actions must be guided by strict observance to laid down processes and in the overriding national interest.
“ The suspension of the CBN Governor has raised more questions than it addresses the issue of good governance, accountability and the fight against corruption, especially, coming at a time when there are unresolved issues in the petroleum industry, which is known locally and internationally as a cesspool of corruption.
“The whistle blower who should know it all is being illegally and unconstitutionally suspended to safeguard and protect the perpetrators of corruption in the petroleum industry.”
“Now that the President has acted illegally and unconstitutionally, he should also now act legally and constitutionally by firing the Petroleum Minister and the top management of the NNPC to restore confidence in the sector.
“The President has serially violated the Nigerian   Constitution, which he swore to uphold. The consequences of these are grievous. The suspension of the CBN Governor by the President is not only an abuse of power but also a gross violation of the Central Bank Act, 2007.
“Under the provisions of Section 11(2)(f) of the CBN Act, the President can only remove the CBN Governor where his request is   supported by two-thirds majority of the Senate of the Federal Republic of Nigeria.
“We condemn in very strong terms this very unfortunate,   unjustified, unwarranted and illegal removal of the Governor of Central Bank, Mallam Sanusi Lamido Sanusi under the guise of suspension.
The President must stop the persistent violation of Nigerian Laws and impunity in governance.
“We call for the immediate reinstatement of the Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi.
Alleged Missing N20b: Findings exonerate Petroleum Minister, group
Meanwhile, the testimony by the Attorney General of the Federation and Minister of Justice, Mohammed Adoke over the controversial missing $20 billion at the investigative hearing organised by the Senate Finance Committee may have absolved the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke and the oil ministry from any wrong doing.
From the testimony of the AGF, it was gathered that rather than the big discovery of fraud and mismanagement that necessitated the probe, senators have discovered that the suspended CBN Governor raised false alarm and misled the committee.
The Senate Finance Committee had raised fresh queries over the suspension of the CBN governor following emerging facts which it said contradicted his initial allegation of alleged missing $49.8 billion oil revenue.
The Senator Ahmed Makarfi-led committee had through a memo to CBN specifically demanded that the committee be furnished with detailed information on how much ought to have been paid into the federation account out of the money.
Sanusi had informed the committee that the CBN was of the belief that part of the money realised from the sale of crude oil ought to have been paid to the Federation account.
As a result of contradiction in the branding of figures by the apex bank governor, the committee warned that all claims must substantiated devoid of frivolity.
But in the testimony, Adoke said,   “Only the net revenue from upstream petroleum operations of the NPDC should be paid into the Federation Account by the NNPC. In other words, NPDC is required to pay only what amounts to dividend and its crude oil proceeds to the NNPC ( as its holding company) and the NNPC will in turn pay that into the Federation Account.
Consequently, what the NNPC is required to pay into the Federation Account is the ‘net revenue’ as opposed to the gross revenue.”
Mr. Adoke informed that it was instructive to note that by virtue of paragraph 14 to 16 of the First Schedule of the Petroleum Act, CAP.P.10 Laws of the Federation of Nigeria, LFN, 2004 (NNPC Act) and Regulation 4 of the Petroleum (Drilling and Productions) Regulations 1969 as amended, a holder of an OML or Oil Prospecting License (OPL) can assign its interest provided the consent of the Minister of Petroleum Resources is obtained.
“Furthermore, section 6(1)(C) of the NNPC Act empowers the NNPC to establish and maintain subsidiaries for the discharge of its functions. The NPDC was thus incorporated as a limited liability upstream company of NNPC to carry out its upstream operations as envisaged by the law,” Adoke submitted.
This explanation jolted some members of the committee and one of them said, “The committee is equally disturbed by the testimonies of the Attorney-General of the Federation, Mohammed Adoke, to the extent that the NNPC did not need to remit all revenues it generates. We need to now ask for what is the exact percentage of the revenue of NNPC should be remitted.”
The Attorney General had declared that despite the constitutional provisions requiring that all revenues be paid into the Federation account, NNPC could still deduct its cost of business.
He said, “Thus, it is my considered view that the provision of section 162 which requires all revenue to be remitted to the Federation Account does not preclude the deduction of NNPC’S expenditure or cost of business.
” This is more so as the federating units odo not contribute to the funding of upstream petroleum operations of the NNPC and its subsidiary.”
The committee was said to be shocked that the presidential directive which the oil ministry was accused of disobeying was never concluded and that it even contained contradictory provisions which make it implementation impossible.
The committee was also unhappy as the case was presented as if it is Dieziani Maduekwe ,the present minister that refused to implement the directive .
A source close to the committee said it was shocked that even late Yardua did not want the planned removal known to the public.
By directing a removal without public announcement, the former president violates the petroleum act which requires prices to be made public
” senators on the committee including opposition senators were shocked that Sanusi misled them.
He presented falsehood as facts. It was until we checked that we see the truth. We are disappointed “ a source within the committee said.

- See more at: http://www.vanguardngr.com/2014/02/diezani-alison-madueke-also-fired-apc-senators/#sthash.UB4gTedl.dpuf

By INNOCENT ANABA, JOHNBOSCO AGBAKWURU, Abuja,
REACTIONS have continued to trail the recent suspension of the Governor of Central Bank, Mallam Sanusi Lamido Sanusi as the All Progressives Congress, APC, in the Senate has declared the suspension of the CBN boss by President Goodluck Jonathan as illegal and unconstitutional.
Meanwhile, the Federal High Court, sitting in Lagos,Friday restrained the police, the Department of State Services, DSS, and other security agencies from arresting the suspended Central Bank of Nigeria, CBN, Governor, Sanusi Lamido Sanusi.
The court presided over by Justice Ibrahim Buba gave the order after listening to Sanusi’s exparte application brought against the Inspector General of Police, IGP, and the DSS, under fundamental rights.

CBN Gov, Sanusi and Minister of Petroleum Resources, Alison-Madueke

Sanusi who was dressed in his usual turtle-neck suit arrived the court at about 3pm in two black Jeeps as the matter was heard in chambers.
Buba however, adjourned the substantive suit till February 28, when the other parties would have been put on notice.
The APC Senators said that they have started compiling all the constitutional breaches and flagrant violations of the laws by President Jonathan which their lawyers were scrutinizing for appropriate and necessary action.
They (APC Senators) told the President if he was serious with the issue of financial recklessness as alleged as the reason for firing Sanusi, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke should also be fired for the same reason.
But some Senators including some  in the opposition have said that the testimony by the Attorney General of the Federation and Minister of Justice, Mr. Mohammed Adoke at the senate investigative hearing by the Senate Committee on Finance had exonerated the petroleum Minister from any allegations.
The APC Senators through the Minority Leader, George Akume in a statement on Friday had flayed the suspension of the CBN governor alleging that the action of President Jonathan was inimical to good governance and the rule of law.
According to the statement, “The nation has yet again been confronted with another act by   the President, which is inimical to good governance and the rule of law with the illegal suspension from office of the  Governor of Central Bank, Mallam Sanusi Lamido Sanusi.
“While one may not question the prerogative of Mr. President to hire and fire, such actions must be guided by strict observance to laid down processes and in the overriding national interest.
“ The suspension of the CBN Governor has raised more questions than it addresses the issue of good governance, accountability and the fight against corruption, especially, coming at a time when there are unresolved issues in the petroleum industry, which is known locally and internationally as a cesspool of corruption.
“The whistle blower who should know it all is being illegally and unconstitutionally suspended to safeguard and protect the perpetrators of corruption in the petroleum industry.”
“Now that the President has acted illegally and unconstitutionally, he should also now act legally and constitutionally by firing the Petroleum Minister and the top management of the NNPC to restore confidence in the sector.
“The President has serially violated the Nigerian   Constitution, which he swore to uphold. The consequences of these are grievous. The suspension of the CBN Governor by the President is not only an abuse of power but also a gross violation of the Central Bank Act, 2007.
“Under the provisions of Section 11(2)(f) of the CBN Act, the President can only remove the CBN Governor where his request is   supported by two-thirds majority of the Senate of the Federal Republic of Nigeria.
“We condemn in very strong terms this very unfortunate,   unjustified, unwarranted and illegal removal of the Governor of Central Bank, Mallam Sanusi Lamido Sanusi under the guise of suspension.
The President must stop the persistent violation of Nigerian Laws and impunity in governance.
“We call for the immediate reinstatement of the Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi.
Alleged Missing N20b: Findings exonerate Petroleum Minister, group
Meanwhile, the testimony by the Attorney General of the Federation and Minister of Justice, Mohammed Adoke over the controversial missing $20 billion at the investigative hearing organised by the Senate Finance Committee may have absolved the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke and the oil ministry from any wrong doing.
From the testimony of the AGF, it was gathered that rather than the big discovery of fraud and mismanagement that necessitated the probe, senators have discovered that the suspended CBN Governor raised false alarm and misled the committee.
The Senate Finance Committee had raised fresh queries over the suspension of the CBN governor following emerging facts which it said contradicted his initial allegation of alleged missing $49.8 billion oil revenue.
The Senator Ahmed Makarfi-led committee had through a memo to CBN specifically demanded that the committee be furnished with detailed information on how much ought to have been paid into the federation account out of the money.
Sanusi had informed the committee that the CBN was of the belief that part of the money realised from the sale of crude oil ought to have been paid to the Federation account.
As a result of contradiction in the branding of figures by the apex bank governor, the committee warned that all claims must substantiated devoid of frivolity.
But in the testimony, Adoke said,   “Only the net revenue from upstream petroleum operations of the NPDC should be paid into the Federation Account by the NNPC. In other words, NPDC is required to pay only what amounts to dividend and its crude oil proceeds to the NNPC ( as its holding company) and the NNPC will in turn pay that into the Federation Account.
Consequently, what the NNPC is required to pay into the Federation Account is the ‘net revenue’ as opposed to the gross revenue.”
Mr. Adoke informed that it was instructive to note that by virtue of paragraph 14 to 16 of the First Schedule of the Petroleum Act, CAP.P.10 Laws of the Federation of Nigeria, LFN, 2004 (NNPC Act) and Regulation 4 of the Petroleum (Drilling and Productions) Regulations 1969 as amended, a holder of an OML or Oil Prospecting License (OPL) can assign its interest provided the consent of the Minister of Petroleum Resources is obtained.
“Furthermore, section 6(1)(C) of the NNPC Act empowers the NNPC to establish and maintain subsidiaries for the discharge of its functions. The NPDC was thus incorporated as a limited liability upstream company of NNPC to carry out its upstream operations as envisaged by the law,” Adoke submitted.
This explanation jolted some members of the committee and one of them said, “The committee is equally disturbed by the testimonies of the Attorney-General of the Federation, Mohammed Adoke, to the extent that the NNPC did not need to remit all revenues it generates. We need to now ask for what is the exact percentage of the revenue of NNPC should be remitted.”
The Attorney General had declared that despite the constitutional provisions requiring that all revenues be paid into the Federation account, NNPC could still deduct its cost of business.
He said, “Thus, it is my considered view that the provision of section 162 which requires all revenue to be remitted to the Federation Account does not preclude the deduction of NNPC’S expenditure or cost of business.
” This is more so as the federating units odo not contribute to the funding of upstream petroleum operations of the NNPC and its subsidiary.”
The committee was said to be shocked that the presidential directive which the oil ministry was accused of disobeying was never concluded and that it even contained contradictory provisions which make it implementation impossible.
The committee was also unhappy as the case was presented as if it is Dieziani Maduekwe ,the present minister that refused to implement the directive .
A source close to the committee said it was shocked that even late Yardua did not want the planned removal known to the public.
By directing a removal without public announcement, the former president violates the petroleum act which requires prices to be made public
” senators on the committee including opposition senators were shocked that Sanusi misled them.
He presented falsehood as facts. It was until we checked that we see the truth. We are disappointed “ a source within the committee said.

- See more at: http://www.vanguardngr.com/2014/02/diezani-alison-madueke-also-fired-apc-senators/#sthash.UB4gTedl.dpuf