Integrated Oil and Gas Ltd., an indigenous oil firm, has been given a preliminary license to begin work on an oil refinery in one of the Islands in Lagos. The refinery is expected to be a 20,000 capacity integrated refinery. According to Vanguard, the refinery is estimated to cost about $75 – $250 million. The... Read More

iheanacho, Integrated Oil and Gas, Oil refinery

September 15, 2012

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Former interior minister, Iheanacho, arrested over stolen petroleum products

by Akan Ido Captain Emmanuel Iheanacho, the former minister of interior was yesterday arrested over involvement in the hijack of a vessel allegedly carrying stolen petroleum products. The director general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi said the agency traced the path of the said petroleum products to the Integrated... Read More

Emmanuel Iheanacho, Integrated Oil and Gas, Minister of Interior, NIMASA, Obi Nwabueze, Patrick Akpobolokemi, Piracy

July 5, 2012

What I meant to say was… “FG will prosecute indicted oil companies”, says Adoke

by Isi Esene Apparently trying to undertake damage control, the Attorney General of the Federation (AGF) and Minister of Justice, Mohammed Bello-Adoke, has had a change of … well something -over reports of him claiming the federal government will not prosecute oil marketers indicted by the House of Representatives ad-hoc Committee on the probe of... Read More

AGF, Attorney General of the Federation, fuel subsidy probe, Integrated Oil and Gas, Mohammed Bello Adoke

July 5, 2012

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Oil company rejects subsidy report, sues government

by Isi Esene An oil company, Integrated Oil and Gas Limited got a temporary reprieve from a Federal High Court yesterday barring it from prosecution on the alleged wrongful claim of N13.2 billion fuel subsidy funds. The company, owned by a former Internal Affairs Minister, Capt. Emmanuel Ihenacho (rtd.), sued the House of Representatives, Farouk... Read More

AGF, EFCC, farouk lawan, fuel subsidy report, House of Representatives, IGP, Integrated Oil and Gas