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Editorial Suite

Odds against downstream deregulation - By Chijama Ogbu

 

Profile

Bar. Bello Mahmud: The New Registrar General for CAC

 

Cover

No 2nd Term for YarÁdua – Billionaire Debtors Vow

 

Facts and figures

Federation Account: How They Share N332bn in October

 

The Sharing of N27.8bn on Exchange Rate difference in October 2009

 

List of Federal Perm. Secs and their States - Non from Bayelsa

 

List of Major Debtors in Nigeria

 

Exclusive Interview

No more Needless Borrowing in Public Offices - Aliyu Yelwa, Boss of Fiscal  Commission

 

Monetary

CBN Supports Deregulation, Allows ETB to Rectify Lapses

 

Communiqué No. 66 of the Monetary Policy Committee Meeting

 

List of Major Debtors in Nigeria

 

National News

SMEDAN Advises Small Businesses on Good Idea

 

Odey Inaugurates Panel on IWMF in Niger Delta

 

Finally FG, States Share $2bn from Excess Crude Account

Honours for EFCC Boss in USA

 

State News

Kano Spends N1bn on Sports Development as Governor bagged ‘Sardauna’

 

IDB advances N3.15bn loan to KDSG as Governor Approves N18mn for Training 

 

 

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Economic Confidential, February, 2009

PROFILE

 

 

Sanusi Barkindo: The New Helmsman Man At NNPC

By Labaran Saleh

 

His appointment could not have come as a surprise to many players in the oil sector, considering his enviable progression in that sector. The newly appointed Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mohammed Sanusi Barkindo’s career in NNPC spanned more than 23 years. Before his new appointment, which took effect from Monday 12 January, 2009, he was the Coordinator Special Duties of the corporation where he presided over major projects of the Corporation.

 

Mr. Barkindo succeeds Engr. Abubakar Lawal Yar’Adua who was appointed Acting GMD of NNPC on August 14, 2007.

 

Born on April 20, 1959 in Yola, Adamawa State, Mr. Mohammed Sanusi Barkindo obtained a B. Sc degree in Political Science in 1981 from Ahmadu Bello University, Zaria, a post Graduate Diploma in Petroleum Economics in 1988 from College of Petroleum Studies, Oxford University, UK and Masters Degree in Business Administration from the South Eastern University, Washington DC.

 

The new Group Managing Director had held key positions in the oil sector. He was immediate past Acting Secretary General of OPEC where he served with distinction and international acclaim. Other position he held were: Deputy Managing Director/Chief Executive Nigeria Liquefied Natural Gas:          Managing Director/Chief Executive, HYSON/CALSON, an international trading arm of NNPC: General Manager, NNPC London Office; Head, International Trade, NNPC London Office; Special Assistant to the Hon. Minister of Petroleum and Energy and Board member of several NNPC investment companies such as Banks, Oil Service Companies, International Trading Companies among others.

 

Mr. Barkindo served for a record 15 years on the OPEC Economic Commission Board as Nigeria’s National Representative.  He was Acting Secretary General in 2006. Apart from chairing the OPEC Economic Commission Board, he also chaired the Strategic Production Quota Committee of OPEC.

 

Mr. Barkindo is an advocate of Climate Change Initiative and has led Nigeria’s technical delegation to the climate change negotiations that produced the United Nations framework convention on climate change UNFCCC  and the Kyoto protocol to the UNFCCC during which he served on the Bureau of the UNFCC at various times.

 

Mr. Barkindo also served as the chairman of the OPEC Task Force on UNCSD 15 United Nations Commission on Sustainable Development, 15th Session.

 

Elected Vice-President of the Conference of the Parties (COP 13) at the climate change talks in Bali-Indonesia, December 2007 and re-elected at COP14 in Poznan, Poland, December 2008.

 

Prior to his elevation to the Office of Coordinator, Mr. Barkindo was the most senior Group General Manager in the NNPC, a position he held for 10 years.

 

The new NNPC GMD’s whose hobbies include Reading and Soccer, is married with children and holds the traditional title of Wazirin Musawa in Katsina.

 

The Presidential Approval of the appointment of Barkindo as the new Group Managing Director of NNPC conveyed the by Minister of Petroleum Resources, Dr. Rilwanu Lukman also included that of Professor Yinka Omoregbe, formerly Dean Faculty of Law of the University of Ibadan as Company Secretary/Legal Adviser of NNPC.

   

SPECIAL FOCUS

List of Major Debtors in Nigeria

 

List of Bad Debtors in Federal Mortgage Bank of Nigeria (FMBN)

 

NEMA@10: The Story So Far

 

Questions and Answers on the Examinations of the 14 Banks by CBN

 

FEATURES

Africa's Foreign Reserves: In Reserve For Who?By Chika Ezeanya

 

Churches and Mosques Should Pay taxes - Mcdonald Koiki

 

Deregulating Robbery in Nigeria By Kola Ibrahim

 

Understanding Monetary Policy By Abubakar Jimoh

 

The Making of Ideal Economic Policies By: Salim Salihu Muhammed

 

The Putrid Mess Also in CBN By Les Leba

 

Still on Early Warning Alert System in Nigeria By Yushau A. Shuaib

 

District 9 and the Can of Wild Paradox by Segun Imohiosen

 

Nigeria: Time to Check to the Drift By Dansulieman Mohammed

 

Golden Casket: Between Gani Fawehinmi and Wacko Jacko- By Yushau A. Shuaib

 

NIGERIA@49: Tracing the Economic Intervention- By Abubakar Jimoh

 

NASENI: Striving to end Nigeria’s reliance on foreign good – By Umar Kari

 

Macroeconomic Framework for an Independent Economic Recovery- Salihu Muhammad

 

When Sony Undermines Campaigns of Akunyili and Aoandoka- By McDonald koiki

 

Archetypal Resurgence: The Lamido Sanusi Revolution- By Segun Imohiose

 

Banks and Money Laundering- By Les Leba

 

Oronsaye’s Civil Service reform- By hussaini Sani kagara

 

New Policy in the Civil Service: Hypocrisy at Work? –By Tope Ajakaiye

More Features

 

TAX MATTERS

* Church and Mosque Not Exempted from Tax - FIRS

… Use of Consultants for Tax Collection is an Aberration

*Finance Minister Advocates Partnership on Tax Issues

*FIRS Reopens PAN, Vows to Prosecute Defaulters

*How We Generate N808bn in Tax Revenue Within Six Months- FIRS Boss

*FIRS Generates Taxpayers Numbers for Bank Customers

*Historical Milestone as Online Tax Payment Begins

*FIRS Seals Two Oil Companies Over $610m Tax Arrears

*Firms Owed Govt N260b in Taxes

*Tax Identification Number to Reduce Tax Evasion- FIRS Boss

*Revenue Agencies to Make Full Disclosure- Finance Minister

*FIRS Delists 2 Banks over Non-Remittance of Tax