Author: The Nation

  • BREAKING: Tinubu appoints Akinyelure, Kyari, Mitee into NNPCL Board

    BREAKING: Tinubu appoints Akinyelure, Kyari, Mitee into NNPCL Board

    President Bola Tinubu has appointed a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL), consisting of mine members.

    The new Board and Management team has Chief Pius Akinyelure as non-Executive Chairman with Mallam Mele Kyari retaining his position as Group Chief Executive Officer (GCEO) with Umar Isa Ajiya coming back as Chief Financial Officer and Mr Ledum Mitee as Non-Executive Director.

    In a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale, President Tinubu also appointed Permanent Secretaries for Federal Ministry of Finance and Federal Ministry of Petroleum Resources.

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    “In compliance with Section 59 (2) of the Petroleum Industry Act, 2021, President Bola Tinubu has approved the appointment of a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL) with effect from December 1, 2023:

    “Chief Pius Akinyelure — Non-Executive Board Chairman; Mallam Mele Kolo Kyari — Group Chief Executive Officer; Alhaji Umar Isa Ajiya — Chief Financial Officer;  Mr. Ledum Mitee — Non-Executive Director;  Mr. Musa Tumsa — Non-Executive Director; Mr. Ghali Muhammad — Non-Executive Director;  Prof. Mustapha Aliyu — Non-Executive Director; Mr. David Ogbodo — Non-Executive Director; and Ms. Eunice Thomas — Non-Executive Director.

    “Furthermore, President Tinubu approved the appointment of two Permanent Secretaries: Mr. Okokon Ekanem Udo — Permanent Secretary, Federal Ministry of Finance; and Amb. Gabriel Aduda — Permanent Secretary, Federal Ministry of Petroleum Resources

    “President Tinubu anticipates the fullest measure of compliance with the performance-driven and results-oriented mandate of his Renewed Hope administration in the implementation of energy policy that will monetize all available oil and gas resources of today while paving the way for the total exploitation of new and cleaner energy sources of tomorrow by this distinguished team,” the statement reads.

  • Lagos Assembly confirms three Sanwo-Olu’s nominees

    Lagos Assembly confirms three Sanwo-Olu’s nominees

    The Lagos Assembly has confirmed three of Governor Babajide Sanwo-Olu’s nominees of cabinet rank.

    The House confirmed Abiodun Ogunleye as commissioner, and approved two others as Special Advisers (cabinet ranks).

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    Their confirmation took place during a plenary presided over by Speaker Mudashiru Obasa.

    The nominees were confirmed after a unanimous voice vote by the lawmakers.

  • UPDATED: FEC approves N27.5tn for 2024 Budget

    UPDATED: FEC approves N27.5tn for 2024 Budget

    The Federal Executive Council (FEC) has approved N27.5 trillion as aggregate expenditure for the 2024 Appropriation Bill.

    Disclosing this to journalists after the FEC meeting presided over by President Bola Tinubu at the State House, Abuja, the Minister of Budget and Economic Planning,Atiku Bagudu, also said the targeted revenue for next year is N18.32 trillion.

    The Minister, who said the proposal was an increase of over N1.5 trillion when compared to the earlier projection of N26.01trillion, added that the deficit was also lower than that of 2023.

    According to him, further details of the budget will be released when President Tinubu makes his presentation of the budget to the National Assembly.

    He further disclosed that the 2024 – 2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), which had been passed by the National Assembly, was further revised.

    “Today, among other issues, the Federal Executive Council considered the 2024 Appropriation Bill. You may recall that the Medium Term Expenditure Framework was earlier approved and transmitted to the National Assembly, which the assembly graciously approved and that approved Medium Term Expenditure has the exchange rate of N700 to $1 and equally, the benchmark crude oil price at $73.96 cent.

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    “However, in Mr. President’s determination to find more money to fund our priorities, today the Federal Executive Council further revised the Medium Term Expenditure Framework and Fiscal Policy Framework and two of the important decisions were to use an exchange rate of N750 to $1 and also a benchmark crude oil reference price of $77.96, meaning $4 more than the earlier approval.

    “This will significantly increase government revenue that Mr. President intends to use in further supporting the ministries, departments and agencies in the execution of the eight priority areas, particularly Health, Education, infrastructure, security and other developmental areas.

    “Equally, the Federal Executive Council approved the 2024 Appropriation Bill and the presentation of such to the National Assembly by His Excellency, Mr. President. The bill has an aggregate expenditure of N27,500,000,000,000, which is an increase of over N1.5 trillion from the previously estimated, using the old reference prices.

    “The forecast revenue is now N18.32 trillion, which is higher than the 2023 revenues, including that provided in the two supplementary budgets. Equally and commendably, the deficit is lower than that of 2023. Details of the Renewed Hope Budget will be announced by Mr. President when he makes the presentation to the National Assembly,” he explained.

  • Court grants stay of execution to Soun on ascension

    Court grants stay of execution to Soun on ascension

    An Oyo High Court sitting in Ogbomoso has granted an application by the Soun of Ogbomoso Oba Ghandi Olaoye for stay of execution of nullification of his appointment while the determination of appeal is pending.

    This comes after Oba Olaoye’s appointment as the Soun was nullified by the court over procedural flaw in his nomination.

    Issuing the order on Monday in a suit no HOG/27/2022, presiding judge, Justice Kareem Adedokun, directed all the parties to maintain status quo ante pending the hearing and determination of the appeal already filed by the defense of Oba Olaoye and the Oyo state government.

    Oba Olaoye, who was installed on September 8, 2023 by the kingmakers, was sacked on October 25 in a suit filed by Prince Kabir Olaoye over alleged breach of the process of nomination.

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    Dissatisfied with the judgement, the monarch and the State Government, which approved the nomination, filed independent appeals citing contradictions in the judgment in view of an earlier ruling on October 3 in which the judge Justice Adedokun ruled the process was right, proper and valid.

    The appeal hearing is yet to commence.

    With the grant of the stay of execution motion, the Oba’s reign is back on track.

    Olaoye, who traveled overseas as a result of the ongoing renovation in the palace, is expected to return any moment from now.

  • Appeal Court sacks Kaduna Speaker

    Appeal Court sacks Kaduna Speaker

    The Appeal Court Abuja Division has nullified the election of Kaduna Speaker  Hon Yusuf Dahiru Liman of the All Progressives Congress (APC) representing Makera Constituency.

    The Court ordered a rerun in five polling units following the petition of People’s Democratic Party (PDP) candidate, Hon Solomon Nuhu Katuka and the PDP.

    The Kaduna Assembly Election Petition Tribunal on September 30 nullified the election of Liman, and ordered a rerun in 42 polling units, 37 in Makera ward, two in Barnawa ward, one in Kakuri Gwari ward, one in Television ward and one in Kakuri Hausa ward.

    Dissatisfied with the ruling of the Tribunal, APC and Dahiru Liman filed an appeal against the judgement of the Tribunal while they also filed a cross appeal seeking for outright declaration.

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    The Appeal Court judgement delivered by Justice O. O Adejumo, Justice A .O Oyetula and Justice P. A Obiora on Friday dismissed the appeal filed by the APC and Liman, sacking the Speaker and ordered a rerun in five polling units of Barnawa wards PU 005 and PU 009, Kakuri Gwari ward PU 006, Television ward PU 022 and Kakuri Hausa ward PU 045. 

    The votes as they stand were APC 17,470 and PDP 17,088 votes.

    The election was nullified on the margin of lead, 382 which was less than the number of PVC collected in the above polling units

  • NGO urges FG to address plight of IDPs

    NGO urges FG to address plight of IDPs

    A Non-Governmental Organization (NGO), Madinma Foundation, has called on the Federal Government and Nigerians at large to take immediate action to alleviate the plight of internally displaced persons (IDPs) in the country.

    It also called on Nigerians at large to contribute their quota in ameliorating the humanitarian crisis faced by these vulnerable individuals to ensure their wellbeing.

    The Chief Executive Officer of NGO, Dr. Chidinma Ogwo made the call during a press briefing in Abuja to shed light on the dire conditions faced by IDPs and call for urgent intervention.

    Highlighting the scale of the crisis, Dr. Ogwo said providing adequate support to IDPs regardless of their geographical location would demonstrate Federal Government’s commitment to human rights and social justice.

    She also urged Nigerians to demonstrate compassion and solidarity by supporting IDPs through donations, volunteering, and advocacy.

    Her words, “These individuals have been uprooted from their homes, separated from their families due to conflicts, natural disasters, and other socio-economic challenges and are living in dire conditions. “They often find themselves in overcrowded camps or makeshift settlements, lacking basic necessities such as food, clean water, shelter, and healthcare.

    Many of them have endured extreme trauma and have lost loved ones, struggling to rebuild their lives in unfamiliar and challenging circumstances.”

    The CEO stated further that addressing the needs of IDPs was crucial for national stability and development.”

    Displaced individuals often face a loss of livelihoods, limited access to education, and a lack of economic opportunities and this situation can lead to a cycle of poverty and dependency, hindering overall progress and exacerbating social inequalities.”

    By investing in the welfare of IDPs, the government can help break this cycle and foster inclusive growth, thereby contributing to the nation’s long-term stability and prosperity.”

    The Federal Government should also recognize that the plight of IDPs has far-reaching implications beyond the immediate humanitarian crisis as the presence of large numbers of displaced persons puts a strain on host communities, which may already be grappling with limited resources and infrastructure.

    “Neglecting the needs of IDPs can lead to increased tensions, social unrest, and even further displacement and therefore, by addressing the challenges faced by IDPs, the government can foster social cohesion and prevent the escalation of conflicts,” Dr Ogwo said.

    To alleviate the plights of IDPs, she recommended several key measures to prioritizing the provision of essential services, including food, clean water, healthcare, and shelter.

    “Government and well spirited individuals should establish more vocational training centers for IDPs so as to enable them become self reliant and also contribute to national Development.

    “Moreover, the Government should collaborate with international organizations, non-governmental organizations (NGOs), and other stakeholders to ensure a coordinated and comprehensive response to the IDP crisis,” she said.

    While noting that IDP camps provide temporary refuge only, Dr. Ogwo appealed to the Federal Government to address the underlying causes of displacement and also facilitate the safe and dignified return of IDPs to their communities whenever possible.

  • Minister intervenes in cooking gas price hike

    Minister intervenes in cooking gas price hike

    Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has waded into the challenges bordering on the supply and pricing of Liquefied Petroleum Gas (LPG), also known as cooking gas, in the Nigerian domestic market.

    The intervention follows the rise in recent months in the price of LPG per kg from about N700 to above N900 in some parts of the country.

    Key challenges identified as responsible for LPG price increase include FX sourcing for imports and insufficient supply to the domestic market by producers.

    The minister’s spokesman, Louis Ibah, who disclosed this in a statement on Sunday, November 26, said the meeting for the intervention at the instance of the minister, was held at the NNPC Towers Abuja recently.

    According to him, it had in attendance top officials of Chevron Nigeria Limited led by Sansay Narasimi; Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) led by its Chief Executive Officer, Farouk Ahmed and the NNPCL.

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    Ekpo expressed the concerns of President Bola Tinubu over the astronomical increase in the price of cooking gas and the attendant hardship on the majority of citizens.

    The minister, who noted that Nigeria is abundantly endowed with gas reserves, said the situation where some of the multinational firms were more concerned with gas exports without dedicating huge volumes to the domestic market was unacceptable and should be discouraged.

    Ekpo said: “With the exponential increase in the price of LPG, there is the need for the Federal Government to intervene and I am representing this at this moment. We acknowledge that some producers are exporting while we are faced with the challenges of importation. Public interest is the overriding interest all over the world for the government, and the demand for LPG will increase as we approach December…you have a public service obligation to collaborate with the government to ensure the security of gas supply, we need to therefore bend backward and find solutions, to ensure that we have sufficient supply and stability in-country and that Nigerians have gas.”

    The gas minister thereafter constituted a committee headed by the ACE of NMDPRA with a mandate to come up with recommendations on how to boost supplies and crash LPG prices within a week

  • UPDATED: Construction worker dies as building collapses in Abuja

    UPDATED: Construction worker dies as building collapses in Abuja

    A construction worker who was rescued from a building collapse in Abuja on Saturday, November 25, is dead.

    The deceased was part of the labourers casting the first floor of a building when the entire cast fell on him.

    According to a statement issued by the head of public affairs, FEMA, Nkechi Isa, the incident occurred at a construction site located in the Central Business District, beside Taj Bank, around 3:30 pm.

    Isa said: “The victim was rescued and taken to the Trauma Centre of the National Hospital, Abuja, for treatment is dead.

    “The Search and Rescue team of the FCT Emergency Management Agency (FEMA) reports that the incident occurred at about 3.30 pm.

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    “The report stated that FEMA was alerted around 4 pm after the construction workers unsuccessfully tried to rescue their trapped colleague to no avail.

    “The team from FEMA and the FCT Fire service were able to rescue the trapped man with the aid of extrication equipment and the construction company’s excavator.

    “In a reaction, the acting director general of FEMA, Mohammed Ibrahim Sabo, who was personally at the scene of the incident and rescue efforts, appealed to developers to always adhere to the building codes.

    “The Ag DG also urged construction companies and developers to shun the use of substandard materials or cut corners during construction. They should prioritise the safety of their workers during construction and that of the ultimate consumers who are the future occupants of the building.”

  • Police arrest monarch, 17 others over kidnapping in Benue

    Police arrest monarch, 17 others over kidnapping in Benue

    Benue state police command has arrested a traditional ruler who used his compound to harbour a kidnapped suspect.

    The incident happened on Saturday, November 25, in Mchia, Logo Local Government area in Benue state.

    According to a statement signed by the police spokesperson, Kate Aneene, a crack squad acting on information stormed a hideout of kidnappers and their victims.

    She said the hideout where victims of kidnapping were rescued turned out to be the compound of a monarch, Chief Tule Nyam.

    The statement by the PPRO read: “On 23/11/2023 at about 1800hrs information was received at Logo Police Division that a group of bandits armed with dangerous weapons mobilised and invaded a market at Mchia, Logo Local Government Area and kidnapped two traders.

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    “Upon receipt of this information which was relayed to Police Headquarters Makurdi, the Commissioner of Police, Benue state command, CP. George Chuku psc (+) ordered the deployment of tactical teams to raid the area and ensure that victims were rescued.

    “On 25/11/2023 the police team stormed a hideout where the two victims were rescued at the compound of Zaki Tule Nyam, a tax collector. The victims stated that they were held hostage and their families were given one week to source for 10 million naira and pay as ransom before their release before the arrival of the police.

    “Consequently, Zaki Nyam and seventeen other suspects were arrested in the Compound for further investigation. Items recovered from them include one Dane gun and a matchet.

    “While the investigation is ongoing, the CP enjoins the good people of Logo LGA to cooperate with police teams sent to the area by giving them useful information.”

  • Bamidele, Olanipekun seek concerted efforts to tackle poverty

    Bamidele, Olanipekun seek concerted efforts to tackle poverty

    The Senate leader, Opeyemi Bamidele, and the former President of the Nigerian Bar Association (NBA), Chief Wole Olanipekun SAN, have called for a concerted effort to lift Nigerians out of poverty.

    The duo said that it was unfortunate that poverty has become a scourge in Nigeria, saying that over 70 percent of the country’s population is currently living below the poverty line.

    They made the remarks at Ikere-Ekiti, in Ikere Council Area of Ekiti State during the 27th edition of the Wole Olanipekun Foundation Scholarship Award Scheme & 4th Empowerment Programme hosted by the legal luminary.

    The foundation gave out scholarships to 250 students ranging from secondary to university levels/ law school education, empowerment to 100 youths, 100 aged and widows grants and palliatives to 600 beneficiaries.

    The Senate leader noted that Nigeria can’t be okay when the vast majority of her citizens are poverty-stricken, urging the elites in the society to show concern by assisting the government to lend a helping hand to the people.

    He lamented that Nigerians are facing hardship in different dimensions due to poor economic management of the past, saying efforts are ongoing by the current administration to put things right.

    He urged privileged people who have gone through the mentorship of Chief Olanipekun to learn from him how to give back to society and give succour to the less privileged.

    In his speech delivered at the occasion, Olanipekun said: “We have a lot of people today in this country who are hungry. There are a lot of people who are naked and poverty-stricken. So many people are roaming the streets because they are jobless and cannot make ends meet.

    Read Also: FG advances plans for local vaccine manufacturing

    “A lot of people are thinking like that widow in the Bible that let take this last meal and die. We must lift them up. We must touch them. To those who may think that they have made it and we are okay. We are not okay.”

    He said that the poverty level in the country is not just scary but also terrifying.” The situation does beckons on those who have received God’s benevolence to also tap from God’s attribute of compassion by lending hands to their fellow men.”

    In his own remarks, Ekiti state governor, Biodun Oyebanji called on the Ekiti elites to emulate Chief Afe Babalola and Chief Wole Olanipekun’s philanthropic gestures by coming back home to help the people.

    “I appeal to other indigenes of Ekiti State to please come home and assist our people. I was looking at the brochure and over 600 people are going to benefit one way or another. I want the beneficiaries to float an association to start preparing to give back to the people.

    “The government is trying to create access and opportunity for Ekiti indigenes to thrive. We will make it public at the appropriate time, and plan to support this foundation to help lift many people out of poverty in Ekiti.”