Friday, February 18, 2022
Thursday, February 17, 2022
Revealed: Diezani now Dominican citizen
https://www.vanguardngr.com/2020/06/revealed-diezani-now-dominican-citizen/
…Bottlenecks forestalling her trial
By Soni Daniel, Northern Region Editor
Fresh evidence has now emerged in Nigeria of how former Petroleum Minister, Mrs. Diezani Allison Madueke, plotted and secured a foreign country’s citizenship and political appointment in order to secure immunity from prosecution.
Documents at the disposal of Saturday Vanguard indicate that she carefully planned and obtained the citizenship of the Commonwealth of Dominican Republic, which subsequently appointed her as a Trade and Investment Commissioner in that country.
To show that the appointment and offer of citizenship were not accidental, Diezani’s offer and acceptance were completed a few days before she left office on June 1, 2015, barely two days before the expiration of her tenure on May 29, 2015.
According to the document she had perfected arrangements with the Office of the Prime Minister, Commonwealth of Dominica and lobbied to be appointed as Trade and investment Commissioner with effect from June 1, 2015.
The lobby actually worked. In a letter dated May 29, 2015 and signed by Prime Minister Roosevelt Kerry, Diezani was offered not only the citizenship of Dominica, a Caribbean island but also an appointment as Trade and Investment Commissioner.
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The offer also entailed the issuance of a Diplomatic Passport on May 21, 2015, with an expiry date of May 20, 2020, to the formerly powerful and influential minister, now cooling off in the United Kingdom.
Although the diplomatic visa expired on May 20 this year, she is said to be immune from arrest and prosecution by any law enforcement agency, including the Interpol.
This is due to the fact that the 32-page diplomatic passport contains a restraining order against any arrest or prosecution.
The strange immunity order says:” The President of the Commonwealth of Dominica requests and requires in the name of the Government of Dominica all those whom it may concern to allow the bearer to pass freely without let or hindrance and afford the bearer such assistance and protection as may be necessary”.
Diezani’s Dominican Republic Diplomatic Passport’s number is DP0000445.
In the appointment letter issued by Prime Minister Kerry, Diezani was assigned the task of “directing promotion and marketing of Dominica as a trade and investment domicile, as well as an emerging and unique tourist destination in the Caribbean”.
Kerry’s letter said, “I envisage you playing an active role in the coordination of road shows and trade and investment expositions, as well as providing facilitator services to businessmen interested in investing or doing business with the Caribbean region. Dominica is ideally placed and equipped to serve as the perfect hub for such commercial activities in this region”.
Diezani is believed to be busy working for the Commonwealth of Dominica, strengthened by a diplomatic shield which no law enforcement agency around the world can ignore.
Besides, her British citizenship is another protective hedge she has been using against repatriation to Nigeria to answer overwhelming charges of corruption against her.
Diezani is awaiting trial for sundry allegations of corruption, including fraudulent ownership of 76 properties in Lagos, Abuja and Port Harcourt, valued at about N23 billion.
Besides, she has 14-count charge bordering on stealing and concealment of $153 million already preferred against her by the EFCC.
When contacted, a top official of the EFCC, who sought anonymity because of the sensitive nature of the matter, confirmed the development.
He added that the commission would operate within the ambit of the law and ensure that Diezani is brought to justice.
Find below documents at the disposal of Saturday Vanguard
Diezani Alison-Madueke Net Worth 2022 Biography & Career
https://www.currentschoolnews.com/articles/diezani-alison-madueke-net-worth/
Many Nigerians are interested in the legal tussle over the beleaguered former petroleum minister Diezani Alison-Madueke net worth. But, aside from the atrocities you’ve heard, she’s done, what else do you know about her? As a result, pay attention and read thoroughly.
However, despite the claim that they recently appointed her as Trade and Investment Commissioner in Dominica, a lot of Nigerians still say she must pay for her crimes in Nigeria if found guilty.
Table of Contents
The Biography of Diezani Alison-Madueke and Her Net Worth
She is one of the most popular women politicians in Nigeria. And the first female President of The Organization of the Petroleum Exporting Countries (OPEC).
Also, she was the first woman to be appointed as an Executive Director by Shell in Nigeria.
We’d be reading Diezani Alison-Madueke’s biography. And this will cover her date of birth, age, early life, family, husband, career, net worth, etc.
Diezani Alison-Madueke Date of Birth and Parents
Her full name is Diezani Alison-Madueke. And her date of birth is 6th December 1960. She is 59 years old. She was born in Port Harcourt, Rivers State.
Her father is Chief Frederick Abiye Agama. While the mum is Beatrice Agama. And she is a Nigerian.
Education
After completing her primary and secondary education in Nigeria, she secured admission to study Architecture in England but completed it at Howard University in the United States.
Diezani Alison-Madueke returned to Nigeria on completing her bachelor’s degree and joined Shell Petroleum Development Corporation.
Occupation
She is a politician, Nigerian entrepreneur, investor, and business magnate. In 2002, after working with Shell for some years, she attended Cambridge Judge Business School for her MBA degree.
After returning to Nigeria, she was appointed as an Executive Director in Shell. Thus, becoming the first woman ever to be appointed by Shell as an Executive Director in Nigeria.
Political Career
Diezani Alison-Madueke has held several significant positions in Nigeria and beyond. In July 2007, she was appointed Transportation Minister. And a year later, she became the Minister of Mines and Steel Development.
When former President Goodluck Jonathan became the acting president in February 2010, he dissolved the cabinet and swore in a new cabinet with Alison-Madueke as Minister for Petroleum Resources.
On 27 November 2014, Alison-Madueke was elected as the first female President of The Organization of the Petroleum Exporting Countries (OPEC).
In June 2020, news broke out that she had secured a foreign country’s citizenship and a political appointment in order to secure immunity from prosecution.
Personal Life
In 1999, Diezani Alison-Madueke got married to Admiral Allison Madueke (retired), He was a one-time Chief of Naval Staff who was at various times governor of Imo and Anambra State.
She wasn’t the first wife of the Admiral, his first wife died in the 1990s.
She is now the mother of six children: one biological son and five stepchildren. The names of the children are Ngozi, Ugonna, Chimezie, Chima, and Donald.
In 2008, there was an unsuccessful attempt to kidnap Alison-Madueke and her son, Chimezie at their Abuja residence.
She revealed that while in office, she had been undergoing treatments for breast cancer in the United Kingdom.
Allegations and Arrest
On 2 December 2015, Sanusi Lamido Sanusi, a former CBN governor, made a comment during a PBS interview revealing that Diezani Alison-Madueke has been charged with responsibility for $20 billion missing from the Petroleum agency. She, however, dismissed the allegations.
Thus claiming that the former CBN governor made the allegations to retaliate after she didn’t help him to get appointed as the president of the African Development Bank (AfDB).
In other news, a PBS Newshour segment quoted American and British officials saying that Alison-Madueke might personally have organised a diversion of $6 billion from the Nigerian treasury.
They have also accused her of squandering government funds and awarding multi-billion Naira contracts without recourse to due process.
The Economic and Financial Crimes Commission (EFCC has officially charged her to court) for ‘Money Laundering’. This led to her Abuja home being raided and sealed by the agencies.
The Nigerian government has also seized money and properties worth millions of dollars traced to the former minister.
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Achievements and Awards
1. Diezani Alison-Madueke was the first woman to be appointed as an Executive Director by Shell in Nigeria – April 2006.
2. Also, she was the first female Federal Minister of Transportation in Nigeria – July 2007.
3. Additionally, she was the first female Federal Minister of Mines and Steel Development – December 2008.
4. Also, she was the first female Federal Minister for Petroleum Resources – April 2010.
5. Additionally, she was the first woman to serve as the president of the Organization of the Petroleum Exporting Countries (OPEC) – November 2014 to December 2015.
Diezani Alison-Madueke Net Worth
Diezani Alison-Madueke is one of the richest politicians in Nigeria. They have traced stolen funds worth billions of dollars to her since 2015 when she left the office as the Federal Minister for Petroleum Resources.
If all the allegations levelled against her were true, she’d be worth billions of Naira. She also reportedly has over 76 properties in Lagos, Abuja and Port Harcourt, valued at about ₦23 billion.
However, a reliable source has it that net worth is $500 Million.
Social Media Handles
You can follow/kconnect with Diezani Alison-Madueke on Twitter @DiezaniMadueke
Now you know more than you thought you knew about Diezani Alison-Madueke. Share this article if you find it helpful.
U.S. Gasoline Demand And Prices Jump
https://oilprice.com/Energy/Energy-General/US-Gasoline-Demand-And-Prices-Jump.html
As winter storms across the United States eased, gasoline demand jumped last week to stand at 1.8 percent above the four-week rolling average, according to data from for fuel-savings app GasBuddy, while gasoline prices are soaring and could hit a national average of $3.50 a gallon this week.
Due to fading winter storms, GasBuddy data showed that weekly U.S. gasoline demand jumped by 6.4 percent last week from the previous week and was 1.8 percent above the four week rolling average, Patrick De Haan, head of petroleum analysis at GasBuddy, said in the Weekly US Gasoline Demand Update on Monday.
Broken down by day, the first three days of the week saw U.S. gasoline demand level off after spiking the prior week. Later in the week, however, gasoline demand bounced back for the second half of the week with Wednesday up 4.9 percent from the prior Wednesday, Thursday jumped 34.3 percent from the prior Thursday with Friday up 30.1 percent from the prior Friday, and Saturday down 10.1 percent, De Haan noted.
As Brent oil prices hit $95 a barrel early on Monday, before paring gains later in the day, the national average U.S. gasoline price will likely continue to rise this week, De Haan said on Sunday.
“WTI $94, national average gas price will eclipse $3.50/gal this week,” he tweeted.
As of February 14, the national average per gallon of regular gasoline was $3.488, AAA data showed. That’s up from $3.306/gal a month ago and up from the $2.505/gal price at this time last year.
High crude oil prices remain the main driver behind the jump in pump prices in recent weeks, AAA said on Monday, adding that “Moderating winter weather and optimism over a potential fading of the omicron variant have led to an increase in gas demand.”
“More drivers fueling up here coupled with a persistent tight supply of oil worldwide provides the recipe for higher prices at the pump,” AAA spokesperson Andrew Gross said. “And unfortunately for consumers, it does not appear that this trend will change anytime soon.”
By Tsvetana Paraskova for Oilprice.com
Wednesday, February 16, 2022
Tuesday, February 15, 2022
Goldman sees copper price “breakout”, risk of “extreme scarcity episode”
Image: Codelco.
After a 26% rise in 2021, copper prices have struggled for direction this year. On Thursday, March futures made another attempt to find higher ground, jumping to $4.7085 a pound ($10,380 a tonne) the highest since October’s spike. But on Friday, the bellwether metal was once again under siege, dropping nearly 4%.
“With a diversified set of demand drivers – from EVs to electrical grids – sustaining a very tight micro into 2022, we believe that copper will reprice once these broader macro concerns abate.”
Goldman says the limited seasonal build-up of copper inventories from record low levels – currently at just over 200,000 tonnes – scarcely enough to cover three days of global consumption is “entirely insufficient to tackle” its expected deficit of 197,000 tonnes for this year.
“The longer this continues, the higher the risk of extreme scarcity episode by the end of the year,” Goldman says in its report released Tuesday.
Mid-October copper futures jumped to an intra-day high of $4.82 a pound or $10,633 a tonne in New York after available LME inventories fell to its lowest since 1974.
Goldman believes the copper market has just two years of primary production growth left.
After fresh tonnes from the likes of Ivanhoe Mines Kamoa-Kakula in the Congo, Anglo American’s greenfield Quellaveco project in Peru and Teck Resources Quebrada Blanca Phase 2 in Chile hit the market, the investment bank sees “an open-ended decline in mine supply.”
Amid long-standing issues such as declining grades and a dearth of new projects there is also growing uncertainty in Chile, the world’s top producer by a long stretch, about onerous taxation and threats of state appropriation.
Goldman says a mining royalty bill before the South American nation’s parliament has the potential to put at risk as much as one million tonnes of production.
”Such political uncertainty raises the threshold for much needed investment in future mine supply, creating an additional hurdle for prices to overcome.”
In the report, Goldman reiterates its bullish forecast for copper to average $11,875 a tonne ($5.40/lbs) in 2021, rising steadily to $15,000 ($6.80/lbs) during 2025.