This year winning entry in the Energy reporting category, The 90 billion deals that killed the refineries is written by some of Newswatch enterprising journalists led by Chris Ajaero. It was published by the magazine as its cover story of June 28, 2004.
The story was about why the four refineries are not working optimally despite the huge amount spent on their Turn Around Maintenance (TAM).The story unraveled those behind the shoddy jobs, the amount involved and why the federal government cannot prosecute them.
Established January 28, 1985 by four professional journalists, Newswatch is Nigeria?s oldest newsmagazine in the market. Its stories are well written, well edited and generally restrained in its news treatment.
The award is going to the publication in line with the DAME guideline which states that work with more than three by-lines goes to the publication.