News
President Tinubu Smiles As Shell and Partners Invest $5bn in Nigeria’s DeepWater
The Bonga North FID dispels the misconceptions about International Oil Companies leaving Nigeria

President Bola Ahmed Tinubu welcomes Shell and its partners’ announcement today of the Final Investment Decision (FID) on the Bonga North Deep Offshore Field.
Also, barring any last-minute changes, President Bola Tinubu will today preside over what is expected to be the final Federal Executive Council meeting for 2024, ahead of his budget presentation at the National Assembly on Tuesday. Bayo Onanuga, the Special Adviser to the President, (Information & Strategy), said this morning in a State House press release.
It reads: ” This landmark development, Nigeria’s first deepwater oil project in over a decade, underscores the transformative impact of the President’s policies and reforms in attracting investments in the oil and gas sector.
The Bonga North oilfield, located 130 kilometres offshore in Oil Mining Lease (OML) 118, represents an impressive estimated $5 billion investment and is expected to yield approximately 350 million barrels of crude oil.
Shell holds the largest operational interest, with 55%. Its other partners are the Nigerian National Petroleum Corporation (NNPC), ExxonMobil, TotalEnergies, and Eni.
The FID signals renewed confidence in Nigeria’s energy sector and demonstrates the effectiveness of the Tinubu administration’s strategic focus on engendering a robust and competitive investment climate.
President Tinubu remarked: “The Renewed Hope Agenda fundamentally focuses on attracting investments to transform the Nigerian economy and deliver prosperity to our people.
We designed our policies and reforms from the start of my administration to achieve this goal. Shell and its partners’ decision to invest in Bonga North affirms the success of our efforts. We will continue to offer the necessary support to ensure their success and the realisation of Nigeria’s energy potential.
“President Tinubu’s strategic engagement with global energy stakeholders has been instrumental in this renewed wave of investments.
In July 2023, at the first of several high-level meetings with Shell’s global leadership, President Tinubu declared, “We are open for business and serious about creating a stable, predictable, and investor-friendly environment.
” Presidential Directives issued in early 2024 reinforced this commitment by fast-tracking regulatory approvals, reducing operational costs, and introducing competitive fiscal incentives.
The Bonga North project is the second of the blueprint projects President Bola Ahmed Tinubu selected to drive the implementation of the transformative Presidential Directives 40, 41, and 42 issued in the first quarter of 2024.
These directives, aimed at enhancing regulatory clarity, accelerating project timelines, and incentivising investment in Nigeria’s energy sector, have yielded remarkable results.
Earlier this year, the Ubeta oilfield (OML 58), the first blueprint project under this initiative, achieved a Final Investment Decision (FID) through a partnership between TotalEnergies and NNPC Limited.
Dormant since its discovery in 1965, the Ubeta project will produce 350 million standard cubic feet of gas per day, bolstering domestic supply and expanding Nigeria’s presence in the global energy market.
With both blueprint projects now achieving FID, the success of these initiatives underscores the effectiveness of the President’s strategic vision for Nigeria’s energy future.
Ms Olu Arowolo Verheijen, Special Adviser to the President on Energy, commented on the Bonga North milestone:
“The Bonga North FID dispels the misconceptions about International Oil Companies leaving Nigeria.
Instead, we are witnessing a strategic pivot of IOCs-powered capital and technical capacity to deepwater and integrated gas projects, which align with President Tinubu’s vision of transforming Nigeria into a global energy hub.
The divestments from onshore operations create opportunities for local oil and gas companies to expand and thrive, building a strong foundation for Nigeria’s energy future.
” Ms Verheijen further noted: “The success of Bonga North and Ubeta demonstrates the efficacy of the reforms and directives championed by the President.
These projects will trigger broader investments to revolutionise Nigeria’s power generation, transportation, and manufacturing sectors.
As we look ahead to 2025, we anticipate further FIDs from international and domestic players, marking a new era of growth and opportunity for Nigeria.
” The Tinubu administration remains steadfast in positioning Nigeria as a global leader in energy innovation and investment, ensuring that these efforts translate into tangible benefits for all Nigerians.
News
JUST IN: Court to hear Akpabio’s contempt claims against Natasha May 13

The Federal High Court in Abuja on Monday adjourned till Tuesday, May 13, for the definite hearing of the contempt claims made against the suspended Senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, by Senate President Godswill Akpabio.
Justice Binta Nyako fixed the date following a submission by the second and third defendants, who informed the court that they had filed an application drawing attention to the plaintiff’s alleged contempt.
The legal dispute between Akpabio and Akpoti-Uduaghan originated from a disagreement over seating arrangements during plenary on February 20.
Subsequently, Akpoti-Uduaghan, during a television programme where she appeared as a guest, made allegations of sexual harassment against Akpabio.
Following the fallout, Akpoti-Uduaghan approached the Federal High Court seeking an order to restrain the Senate Committee on Ethics, Privileges, and Public Petitions from investigating her.
In an ex parte motion marked FHC/ABJ/CS/384/2025, she sued the Clerk of the National Assembly, the Senate President, and the Chairman of the Senate Committee on Ethics, Privileges, and Public Petitions, Senator Nedamwen Imasuen.
On March 4, the court issued an order restraining the Senate from commencing disciplinary proceedings against Akpoti-Uduaghan following her ex parte application.
However, on March 6, the Senate proceeded to suspend her, citing a report by the committee alleging gross misconduct, despite the matter being sub judice.
On Friday, April 4, 2025, Justice Nyako ordered Akpoti-Uduaghan, Akpabio, the Clerk of the National Assembly, the Senate, and Imasuen to refrain from granting media interviews or making social media posts related to the case while it remained pending before the court.
This order followed claims by Akpabio’s counsel that Akpoti-Uduaghan had been granting press interviews despite the court’s directive.
At the resumed sitting on Monday, Akpoti-Uduaghan’s legal team, led by Jibrin Okutekpa, informed the court that the matter was fixed for hearing and that all required documents had been filed.
Charles Yoila appeared for the first defendant; Paul Daudu represented the second defendant; Ekoh Ejembi (SAN) for the third defendant; and Valentine Offia for the fourth defendant.
All defence lawyers confirmed compliance with the court’s previous orders and readiness for the hearing.
However, Daudu informed the court that despite the order against social media posts, the plaintiff had published a satirical post on her Facebook page.
“This matter is coming up for definite hearing. The second defendant has filed its schedule of hearing. Ordinarily, we are ready to proceed, but a further affidavit was served on me just on Friday, which I am entitled to respond to.
“This court ordered that there should be no social media posts, but there was one. The plaintiff herself posted a satirical apology on her Facebook page,” Daudu said.
He argued that the post mocked the court and violated its order, urging the court to hold her in contempt.
Akpabio’s counsel, Ejembi, supported Daudu’s submission, stating that the plaintiff’s Facebook post undermined the court’s authority.
“We are alleging that the Facebook post made by the plaintiff is a mockery of the court’s proceedings. We tender a Punch newspaper report showing she made the post despite the court’s order,” Ejembi said.
In response, the plaintiff’s counsel maintained that the Facebook post was related to the sexual harassment allegation and not the issue before the court.
Okutekpa urged the court to disregard the defendants’ submissions and proceed with hearing the substantive matter.
“Our counter-affidavit concerns only the matter before the court. The satirical post has no connection to it,” he argued.
He also urged the court to fast-track the hearing, noting that Akpoti-Uduaghan had spent 68 cumulative days out of the National Assembly.
Justice Nyako, however, insisted that the contempt issue must be addressed first.
“I cannot proceed with this matter until I conclude on the issue of contempt. If there is contempt, I have to hear and determine it first,” she said.
In turn, Akpoti-Uduaghan’s counsel raised a contempt allegation against all the defendants.
“My Lord, you have paused this trial over a contempt allegation. We also have an issue of contempt against all the defendants,” he said.Justice Nyako cautioned the lawyers, warning that continued disobedience of court orders by their clients could lead to consequences.
“I have the power to summon all your clients to appear in court. If counsel or litigants disobey the court, then the court has no business hearing them—that is my position,” she said.
Addressing Akpoti-Uduaghan’s legal team, she added, “If you have an application for contempt, bring it forward so the court can hear it.
”She added, “You cannot allow your client to disrespect this court. If they are found in contempt, they will face punishment. If not, the court will proceed.”
News
JUST IN: Electoral reform coming ahead of 2027 election – Yakubu

The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has assured Nigerians that all necessary amendments on the Electoral Act will be completed before the 2027 polls.
Yakubu also debunked insinuation in some quarters that he has been sacked, saying he still remains the country’s chief electoral officer.
The INEC Chairman spoke while fielding questions from newsmen on Monday shortly after the inauguration of two INEC Commissioners by President Bola Tinubu at the Council Chamber, State House, Abuja.
According to him, the commission alongside relevant stakeholders have reviewed the 2023 general election and came up with 142 recommendations, stressing that out of the number, eight required electoral amendment.
The INEC boss said the commission has been interfacing with the National Assembly and that two weeks ago, it had a retreat in Lagos with the joint committee of the Senate and House of Representatives on electoral reform.
“Thereafter, the National Assembly is going to organize a public hearing, and it’s after the public hearing that now a new bill will, at the end of the day, be submitted to the president for assent,” he said.
Yakubu further stated: “So, we’re working with the National Assembly on electoral reform, but at this point, I’m not going to give you any more details.
You will hear from the National Assembly whose responsibility it is, but we reviewed the 2023 general election on our own.
“We engaged with the stakeholders. We came up with 142 recommendations out of this 142 recommendations, eight require constitutional or Electoral Act amendment, and we discussed this with members of the National Assembly.
Crime
JUST IN: Tompolo has questions to answer – EFCC breaks silence on viral video

The Economic and Financial Crimes Commission, EFCC, has said Chief Government Ekpemupolo, widely known as Tompolo, has questions to answer concerning a viral video clip which showed him allegedly engaging in naira abuse.
Nigerians on Sunday dared the Commission to arrest Tompolo like it did to other offenders.
The outrage was ignited by a viral video posted on X by one Harrison A, who tweets as #harreceipts with the caption, ‘EFCC, see Tompolo and the Naira o’.
The video clip captured parts of Tompolo’s 54th birthday celebration in April.It showed the Niger Delta chieftain dancing while a man lavishly sprayed N1,000 notes before him.
Responding to the demands by netizens, EFCC in a post on its official X handle on Monday said: “Nobody is above the law. Tompolo will have questions to answer!”
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