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Malabu: British Court Orders JP Morgan to Disclose Bank Records Emmanuel Addeh in Abuja There Had Been “Serious Issues” Italy UTM Offshore, JGC, KBR Sign First Floating LNG Pre-Feed Contract Emmanuel Addeh in Abuja Construction (EPC) firm, to UTM Offshore Limited the Pre-FEED scope would be KBR is to provide due Limited, Mr. Julius Rone, establish a Floating Liquefied took a major step to actualise completed within four months diligence on the JGC scope said JGC Corporation came An indigenous firm, UTM Natural Gas (FLNG) facility, the project yesterday, signing from commencement date. by conducting a third-party highly recommended given Offshore Limited, has the first of its kind in Nigeria. virtually, a landmark UTM has also engaged review of all deliverables from the several similar projects the signed a deal with Japan Gas This followed the issuance preliminary front end Kellogg Brown and Root JGC during the Pre-FEED. firm had undertaken across Corporation (JGC), a leading of licence by the Department engineering design (Pre-FEED) (KBR) of the UK to provide Speaking at the virtual the world. international Engineering of Petroleum Resources (DPR) agreement with JGC. owner’s engineering services signing event, the Managing Design, Procurement and to establish the FLNG facility. According to the agreement, on the project. Director of UTM Offshore Continued on page 43 Page 8 Transportation Ministry: Why we Want NPA to Procure Equipment , Not Contracts... Wednesday 12 May, 2021 Vol 26. No 9530. Price: N250 www.thisdaylive.com T RU N TH & REASO Despite Pandemic, NSIA’s Income Rises by 343% to N160bn Abacha’s $311m refund intact, says Orji Obinna Chima in Lagos and manager of Nigeria’s Sovereign performance and consistent despite the challenges posed which rose to N160.06 billion made a core income of N109 Emmanuel Addeh in Abuja Wealth Fund (SWF), yesterday implementation of strategic by the COVID-19 pandemic in 2020, up from the N36.15 billion compared to N33.07 announced its audited results infrastructure investment in the year under review, the billion in the previous year. billion in 2019. The Nigeria Sovereign for its 2020 financial year, programmes for the year. NSIA recorded 343 per cent Also, excluding devaluation Investment Authority (NSIA), reflecting a strong financial The results showed that growth in its total income, gain of N51 billion, the NSIA Continued on page 42 Southern Governors Call for National Dialogue, Restructuring, End Open Grazing Want appointments to reflect federal character Urge Buhari to address nation on insecurity Omon-Julius Onabu in Asaba Governors of the 17 southern states under the aegis of the Southern Governors Forum have called on the federal government to convoke a national dialogue as a matter of urgency to address widespread agitations among Nigerians for greater inclusiveness in governance. “The federal government should convoke a national dialogue as a matter of urgency,” they said in a communique at the end of their meeting yesterday in Asaba, the Delta State capital. The governors also called for the restructuring of the country and end to open grazing in the Southern parts of the country to curb the excesses of armed herders. In the 12-point communiqué, the governors stressed the need to review appointments into federal government agencies, including security agencies, to reflect federal character and the TRAILBLAZER... heterogeneity of the Nigerian L-R: Member, Nigerian Ports Authority Board, Chief Akin Ricketts; TAMPLARS’ Ms. Yemisi Awonuga; Managing Director/CEO, UTM Offshore Limited, Mr. Julius population. Rone; Chief Executive Officer, Delta State Investments Development Agency, Mr. Paul Nma; Legal Counsel, UTM Offshore Ltd., Mr. Alecander Utieyin-Scott; and Continued on page 42 Project Lead Consultant, Dr. Yahuza Kassim, at the signing of the pre-front end engineering design contract of Nigeria’s first floating LNG in Lagos…yesterday 2 WEDNESDAY MAY 12, 2021 •THISDAY WEDNESDAY MAY 12, 2021 • THISDAY 3 4 WEDNESDAY MAY 12, 2021 •THISDAY WEDNESDAY MAY 12, 2021 • THISDAY 5 6 WEDNESDAY MAY 12, 2021 •THISDAY WEDNESDAY MAY 12, 2021 • THISDAY 7 8 WEDNESDAY, may 12, 2021 • THISDAY Group News Editor Ejiofor Alike NEWS Email [email protected], 08066066268 NATIONAL DIALOGUE ADVOCATES... L-R: Governors Godwin Obaseki (Edo), Dapo Abiodun (Ogun), Moses Ekpo (deputy governor, Akwa Ibom), Willie Obiano (Anambra), Duoye Diri (Bayelsa), Dave Umahi (Ebonyi), Kayode Fayemi (Ekiti), Rotimi Akeredolu (Ondo), Ifeanyi Okowa (Delta), Nyesom Wike (Rivers), Babajide Sanwo-Olu (Lagos), Ifeanyi Ugwuanyi (Enugu), Placid Njoku (deputy governor, Imo), Seyi Makinde (Oyo) and Okezie Ikpeazu (Abia) during the Southern Nigeria Governors Forum meeting in Asaba, Delta State…yesterday Transportation Ministry: Why we Want NPA to Procure Equipment, Not Contracts Ejiofor Alike deliberate attempt to drag the contracts for the Lagos, Bonny and the measures put in Channel Management traditions of the public reputation and the integrity and Port-Harcourt Channels place to cover the vacuum Companies from inception service, it would not be The Ministry of of the minister in the mud. expired in 2020, while the created as a result of the of the contracts and amount drawn into an endless media Transportation has explained The statement disclosed contractual process for the expiration of the contract spent; and war. that it objected to the that while channel renewal of the said contracts to prevent revenue loss to “The total number of According to the award of contracts for the management contracts had commenced early in 2021. the government; buoys replaced or maintained statement, the agenda being management of channels by been routinely awarded over According to the statement, “The current status of during the life span of the pursued in the media could the Nigerian Ports Authority the years by the NPA at a Amaechi, had while the Lagos and Bonny/ contract and the amount best be canvassed before the (NPA) because it is more cost of between N50 billion responding to a request Port Harcourt Channel spent. administrative panel it has cost-effective for the NPA to and N60 billion on an annual for the NPA to provide management companies and “I am to also convey the set up to unravel issues procure necessary equipment basis, Amaechi had adopted requisite details related to the measures put in place to directives on the need for surrounding the management and execute the contracts a firm position that the NPA the proposed transactions cover the gap created by the the Authority to procure its of the NPA since 2016. in-house. should undertake the job of directed on January 22, expired contracts to ensure equipment for the service “The panel has been In a statement issued channel management on 2021: “There is the need the channels are maintained and cease from awarding charged to be fair and yesterday by the Permanent an in-house basis through for NPA to know that NPA for safe navigation and any such contract.” equitable in its deliberations Secretary, Federal Ministry the acquisition of the should purchase their own efficient service delivery; The ministry’s statement and will certainly, ensure that of Transportation, Dr. necessary machinery and equipment and not award “The volume dredged said despite the fact the above the primary purpose of the Magdalene Ajani, the ministry professional capacity to any contract. annually from the channels letter was duly received inquiry is the promotion of described the allegation that stop the humongous annual “The letter requested the and the depths achieved by the NPA on February 2, the principles of transparency the Minister, Hon. Rotimi sums paid out to dredging NPA to provide the following from inception management 2021, NPA did not deem it and accountability which Amaechi, recommended contractors by the agency. information for the ministry’s contracts to date and the necessary till date to respond are strongly espoused two Chinese companies The ministry, in the records and further necessary amount expended; to the ministerial directives. in the present political to execute the contracts as statement noted that the action: The current status of “The number of wrecks The ministry said in dispensation,” the statement malicious, unfounded and a channel management the managing agent contract removed annually by the keeping with the best added. Military Solution Can’t End Insecurity, Says Ex-NHIS Boss Onyebuchi Ezigbo in Abuja country. cessation of hostilities and rehabilitation, adding that aspect of the solution as He accused the Governor, He said though the military number four - we need to various farmers have lost disarmament, which would Mallam Nasir el-Rufai, of not A former Chief Executive could be used to maintain have ceasefire by all. We their farmlands and sources take the form of bilateral showing good leadership in Officer of the Nigeria Health peace and curtail the activities need to have a ceasefire. of livelihoods. disarmament. dealing with insecurity. Insurance Scheme (NHIS), Prof. of criminals, ending the threats Their grievances are mostly He said the farmers needed According to him, by He alleged that Kaduna Usman Yusuf, has advocated a by banditry, Boko Haram and local with vigilantes, not with to be rehabilitated and made bilateral disarmament, both State has become an epicentre non-military solution to battle groups like IPOB and OPC the federal government and to go back to their farms' the local vigilantes and the of insecurity in the country the insecurity bedeviling the would not require military we need to open channels of businesses and markets for bandits would be disarmed because of the governor's country. solution. communications and secure genuine peace to prevail. simultaneously so that utterances. Yusuf, who said he played He said only genuine ceasefire and that's what we Yusuf said repentant bandits lasting peace could return "I said that Nasiru el-Rufai is a key role along with former and properly negotiated are doing right now. needed to be rehabilitated as to communities and to the deaf, dumb and blind with the President Olusegun Obasanjo reconciliation, rehabilitation "The next stage or medium- most of them were high on nation.
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