Jonathan orders $500m oil project moved from Lagos

The Nigeria's outgoing President Goodluck Jonathan has directed that a $500 million oil and gas investment project be relocated from LADOL Free Trade Zone (FTZ) in Lagos to Agga in Bayelsa State, The Nationreports yesterday.

The project is a partnership between LADOL Integrated Logistics Enterprise and Samsung Heavy Industries, Korea.

The two companies are to build fabrication and integration yards for Egina Floating Production Storage and Offloading (FPSO) facility for the use of local and foreign-owned oil companies.

The multi-million dollar project is in phases, and billed to be completed in the next five years.

The project is said to have reached an “advanced stage” before Jonathan issued a directive that it should be relocated.

The directive, contained in two letters dated April 27, was signed by Mr A.B Mohammed, a general manager with the Nigerian Ports Authority (NPA).

Mohammed signed the letters on behalf of the NPA Managing Director, Sanusi Ado Bayero, who is believed to be a stakeholder in Intel, an oil and gas logistics firm in Rivers State– an allegation he has denied in newspaper advertorials.

The letters read: “Pleased be informed that Mr President has vide PRES/99/MT/2/22 of April 20 approved the FPSO project be relocated to Agga in Bayelsa State when the facilities to handle such operations are developed.

“In addition, the project can be conveniently located at any designated oil and gas terminal. Please be informed that Mr President has approved, henceforth, all oil and gas related cargoes must be handled only in the designated terminals in Onne, Warri and Calabar Ports.

NDLEA arrests suspect with N75m worth of cocaine

The Cross River State Command of the National Drug Law Enforcement Agency has arrested a suspect, Kelechi Amaka, with 6.3kg of cocaine valued at N75m.

Amaka, an Imo State indegene based in Cameroon, was arrested at the Nigerian Inland Waterways Authority Jetty in Calabar on her way from Cameroon.

Parading the suspect at the office of the NDLEA in Calabar, the state Commander of the agency, Mr. Kayode Adeniyi, said the drugs were concealed in six factory sealed ladies hand bags and kept in a leather box.

The NDLEA boss added that, attempts to smuggle the drug into Nigeria failed as the suspect was intercepted by NDLEA officers on operation at the NIWA Jetty.

Lagos, Warri, Port Harcout, Calabar May be threatens by rising sea level says minister

FG on Thursday warned that about 32 million residents along the coastlines in Lagos and the Niger Delta region may be displaced because of the rise in sea level. The government noted that with an accelerated sea level rise of 0.5 meters, 35 per cent of the Niger Delta landmass would be lost.

It added that with accelerated sea level rise of 1.0 meters, 75 per cent of the Niger Delta will be gone under water.

The Minister of Environment, Laurentia Mallam, alerted the coastline residents to the looming danger at this year’s World Environment Day, with the theme: Raise Your Voice Not the Sea Level.

Ex Ethiopia Coach Blasts FIFA Over Nigeria's W/Cup Ticket

Former Ethiopia coach, Sewnet Bishaw insists Nigeria Super Eagles was aided ahead of his country during World Cup qualifiers.

Bishaw launched an attack on FIFA, claiming world football’s governing body conspired to see them miss out from the Brazil2014 World Cup. The Walia Antelopes of Eithiopia failed to secure a ticket to this year’s Brazil showpiece after losing their qualifying play-off match against Nigeria, with the Super Eagles winning 2-1 in Ethiopia before securing a 2-0 victory at home in the return leg to book a place in the biggest football tournament.

The Stephen Keshi's predator Eagles put a definite and final stop to the Ethiopian dreams of partaking in the world soccer events in Brazil.