FG loses N6.75bn oil revenue to flood daily

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...towards a better life for the people VOL. 25: NO. 61738

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ONLINE | www.vanguardngr.com

WEDNESDAY, OCTOBER 24, 2012

N150

FG loses N6.75bn oil revenue to flood daily •Floods sweep away 500,000 bpd •To host new bid round by year end •Alison-Madueke, DPR disagree on revenue loss

BY CLARA NWACHUKWU & KUNLE KALEJAYE, WITH AGENCY REPORT

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AGOS—NIGERIA is losing about $43million or N6.75billion daily to pro-

duction cut back on account of recent flooding that hit many parts of the country, particularly, the oil-rich Niger Delta. Industry regulator, Department of Petroleum Resources, DPR, said, yesterday, that the country’s daily production

Continues on page 5

ONDO POLLS:

You are on your own, PDP tells Oke •P.41 The naked nation •P.17 DEAR BUNMI •P. 38

ROTIMI FASAN •P.19

SALLAH —Ram sellers awaiting buyers for the Eid-El Kabir festival, at Mangoro, Lagos-Abeokuta Expressway, yesterday. Photo: Joe Akintola, Photo Editor.

Suicide bomb FG orders re-arrest of scare causes principal suspects tension on •AVM Bello, Obaseki, Aliyu, 5 6 Arik flight P P • Bodunde, others risk arrest • $180M HALLIBURTON SCANDAL:

C M Y K

Mr & Mrs


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