Many of Nigeria’s favourite oil export destinations are abandoning the country for the United States which itself used to be the country’s biggest importer of crude blend.
The Economic and Financial Crimes Commission, EFCC, instituted a six-count money laundering charge against former Group Managing Director of the Nigerian National Petroleum Commission, NNPC, Andrew Yakubu.
The Federal High Court, Lagos has ordered the permanent forfeiture of monies totaling about N34 billion which was said to belong to the former Petroleum Minister, Diezani Alison-Madueke.
Minister of State for Petroleum Resources, Ibe Kachikwu, has again expressed optimism that Nigeria would stopped the importation of Premium Motor Spirit, PMS, commonly known as Petrol by 2019.
