Niger Delta Development Commission (NDDC)

Boardroom Row: NDDC Chairman Accuses MD of Signing Another Shady and Illegal $15 Rail Contract

April 29, 2023 Amurun KelvinLeave a Comment

Lauretta Onochie, chairperson of the Niger Delta Development Commission (NDDC) board, has disowned a $15 billion memorandum of understanding (MOU) between the management of the commission and Atlanta Global Resources Inc., a US-based firm. The deal, which was signed on Tuesday, is for the construction of a mega rail line that would connect the nine […]

Shell remits $42bn to Fed Govt as revenue

April 19, 2016April 19, 2016 adminLeave a Comment

Shell Petroleum Development Company (SPDC) and the Joint Venture (JV) partners remitted $42 billion to the Federal Government between 2011 and 2015, The Nation has learned. This is contained in Royal Dutch Shell’s 2015 Sustainability Report released yesterday. The oil giant said it also paid royalties and corporate taxes worth $1.1 billion to the government last year. […]