Reps to probe NNPC’s crude swap contracts, $8bn loss

The House of Representatives on Wednesday ordered a fresh probe of the Refined Product Exchange Agreement contracts between the Nigerian National Petroleum Corporation and various trading companies.

Otherwise known as SWAP, the scheme involved the exchange of crude oil for refined petroleum products in which the NNPC gave out 445,000 barrels of crude per day.

A House resolution passed on Wednesday indicated that nine companies benefited from the contracts through the Pipelines Product Marketing Company, a subsidiary of the NNPC.

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Bribery allegation: Edo APC defends Oyegun

The Edo State chapter of the All Progressives Congress (APC), has dismissed allegation of bribery allegedly levelled against the national chairman of the party, Chief John Odigie-Oyegun, allegedly by some APC governors.

According to the report‎s in some national dailies, eight of the APC governors, including the Edo State Governor, Adams Oshiomhole, had allegedly held a meeting

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Fuel Tanker Tragedies: Senate summons NNPC on state of refineries

Moved by cases of fuel tanker tragedies across the country, which have led to loss of lives and property, Senate yesterday summoned the management of Nigerian National Petroleum Corporation, NNPC, to appear before it to explain the state of the nation’s refineries.

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House leadership: More Reps reject APC’s stance

The national leadership of the All Progressives Congress, APC, was yesterday losing grip of its members in the House of Representatives as more members and caucuses continued to revolt against the party’s stance on the appointment of principal officers.

For the second day running, Speaker Yusuf Dogara refused to read out a letter from the national chairman, Chief John Odigie-Oyegun, on the nomination of four members as House Leader, Deputy Leader, Chief Whip and Deputy Chief Whip.

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Buhari’s ADC orders DSS operatives out of Presidential Villa

The inter agency rivalry between the Department of State Services and the Nigerian Army came to head, yesterday, as the Aide de Camp to the President, Lt. Col Abubakar Lawal ordered personnel of the DSS out of the villa.

The incidence which happened at the residence of the President at the Presidential Villa was extended to all other points that had been manned by the personnel of the DSS.

DSS OPEARTIVESBut the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, said

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