Newspaper Review June 3, 2015.

 In today's newspaper review, it is captivating, and interesting because Buhari likely to head oil ministry in new cabinet, The new electricity tariffs from July 2015 - You want to know the new electricity charge, it start July 2015, follow us to read more from the paper.  Kashamu Deny NDLEA notice of  extradition to US, and many others, follow us to know the national papers that carry such news

• Buhari likely to head oil ministry in new cabinet

There are speculations that President Muhammadu Buhari will keep the petroleum minister portfolio for himself in the new cabinet rather than trust anyone else with the ministry, which currently contributes over 80 per cent of Nigeria’s revenue.Reuters quoted some close associates of the President as saying this on Tuesday. One long-standing associate of Buhari, who spoke on condition of anonymity because the cabinet decision was still under wraps, said Nigeria’s oil sector was so dirty that nobody’s hands were clean enough to do the “surgical changes” needed. Read More From Punch

• Senators, Reps to leave with 109 jeeps, 360 exotic cars

Senators and members of the House of Representatives will go home with the operational vehicles of the National Assembly currently in their possession as the 7th Assembly winds down on Friday. Each of the 109 senators has a Toyota Land Cruiser Prado, commonly referred to as ‘jeep’, assigned to them for “operational” purposes like carrying out committee and oversight duties.The story is the same at the House, where each member has a 2011 model Toyota Camry attached to them for operational duties. Apart from the operational vehicles, principal officers, including the President of the Senate and the Speaker of the House, have   additional vehicles assigned to them. The Prado jeeps and Camry are properties of the National Assembly that should have ordinarily been left behind by the departing legislators. More From Punch

• NEPAD workers protest Jonathan assistant’s reappointment

There was commotion at the Nigerian headquarters of the New Partnership for Africa’s Development on Tuesday as workers of the agency engaged in fisticuffs, while protesting against the alleged reappointment of the Special Assistant to former President Goodluck Jonathan, Mrs. Fidelia Njeze, as NEPAD’s Coordinator/Chief Executive. The peaceful protest at the agency degenerated into fisticuffs as some of the workers loyal to Njeze tried to stop the larger number of the employees from going outside the premises of the organisation. More From Punch

• Lagos suffers 40% rental property shortfall

A study conducted by Nigeria’s online real estate marketplace, Lamudi.com.ng has shown that supply of rental apartments in Lagos falls short by 40 per cent. Entitled: “The Lamudi Quarterly Barometer for Lagos’ the report which was for the period between January and March, 2015, was based entirely on data on properties listed on the Lamudi platform by a network of real estate agents and property developers as well as data on search inquiries carried out by property seekers. The Lamudi website boasts of over 125,000 visits monthly and over 30,000 property listings. The report showed that in terms of demand, over 70 per cent of property searches were for rental property, as against 30 per cent supply, indicating a 40 per cent gap between demand and supply. According to the data, the average selling price of available residential property across Lagos for the first quarter of 2015 was N13.4 million (per bedroom), while the average rental price per bedroom was N694, 000. Read More From Vanguard

• The new electricity tariffs from July 2015

The Nigerian Electricity Regulatory Commission, NERC, has issued new electricity tariffs that became effective for commercial and industrial consumers from 1 April 2015 and that would become effective for residential consumers from 1 July 2015. The new tariffs are in the Multi-Year Tariff Order, MYTO, 2.1 for the period 1 April 2015 to December 2018 and they replace the tariffs in MYTO 2 for the period 1 June 2012 to 31 May 2017.meterThe charges are in two parts, there is a fixed monthly charge and there is a charge for electricity consumption, the energy charge, which is measured in kiloWatt-hour, kWh. We give below the charges for residential consumers using single phase or three phase meters, category R2. Charges are given for four electricity distribution companies, DISCOs, namely Benin DISCO, Ibadan DISCO, Ikeja DISCO and Eko DISCO. More From Vanguard

• Kashamu says NDLEA lied about notice of extradition to US

ABEOKUTA—The National Drug Law Enforcement Agency, NDLEA, yesterday said it had   served a notice on  Senator-elect of Ogun East, Prince Buruji Kashamu for his extradition to the United States of America. However, in a swift reaction, Kashamu denied being served any extradition letter, describing NDLEA’s claim as false. He explained that  a copy of the process was dropped in his counsel’s   Lagos office Monday, assuring that it would be dealt  with in accordance with the law.
The NDLEA, in a statement by its Head, Public Affairs, Mitchell Ofoyeju and made available to newsmen disclosed   that the office of the Attorney General of the Federation has made a fresh application to the chief judge of the Federal High Court in Abuja seeking Kashamu’s extradition to the US to answer charges on alleged drug trafficking. Read More From Vanguard