Category: Featured

  • BREAKING: Senate passes Bill on Independent candidacy

    BREAKING: Senate passes Bill on Independent candidacy

    The Senate on Tuesday passed Bill number 58 which seeks to allow independent candidates to contest for elective positions.

    The Upper Chamber however threw out a bill seeking to allow Nigerians in Diaspora to vote during elections.

    However, a Bill which seeks to provide for the election of Mayor for the Federal Capital Territory was rejected by lawmakers with 62 YES votes.

    Read Also: BREAKING: Senate passes LG Financial Autonomy Bill

    Seventy three votes were required to pass the Bill.

    Also, a Bill seeking to ensure that a person who is a registered voter and resident in the FCT is appointed a Minister representing the FCT also failed to scale through.

    Only 67 Senators voted YES instead of the required 73.

    Details Shortly….

     

  • BREAKING: House declines life pension for Senate President, Speaker, Deputies

    BREAKING: House declines life pension for Senate President, Speaker, Deputies

    The House of Representatives has rejected the bill for a constitutional life pension to Senate President, Speaker and their Deputies.

    When the bill was put to voting, 162 House of Representatives members voted against it while three abstained.

    Details Shortly…

     

  • Senate passes bills on LGA financial, administrative autonomy

    Senate passes bills on LGA financial, administrative autonomy

    The Senate on Tuesday passed bills to grant financial and administrative autonomy to Local Governments Areas in the country.
    While 92 senators voted to pass financial autonomy for Local Governments, 88 voted to pass administrative autonomy of LGAs.
    Details Shortly…
  • BREAKING: Reps vote autonomy for LG, State Legislature, Judiciary

    BREAKING: Reps vote autonomy for LG, State Legislature, Judiciary

    The House of Representatives has voted for financial and administrative autonomy for local government councils across the Federation.

    The House also voted to amend the Constitution to grant autonomy to State Legislature and Judiciary.

    Read Also: BREAKING: Senate passes LG Financial Autonomy Bill

    However, the bill that seeks to grant the National Assembly the power to override a presidential veto on an amendment to the constitution failed to muster the required 288 votes.

    Two hundred and eighty-four members voted yes to the amendment.

     

    Details Shortly…

     

  • BREAKING: Senate passes LG Financial Autonomy Bill

    BREAKING: Senate passes LG Financial Autonomy Bill

    Ninety-two Senators have voted to pass the Local Government Financial Autonomy Bill.

    Details Shortly..

     

  • Worsening petrol scarcity cripples cities, businesses

    Worsening petrol scarcity cripples cities, businesses

    By Nwanosike Onu, Awka; John Ofikhenua, Frank Ikpefan, Abuja; Toba Adedeji, Osogbo; Simon Utebor, Yenagoa; Ernest Nwokolo, Abeokuta; Okungbowa Aiwerie, Asaba; Yinka Adeniran, Ibadan; Chris Njoku, Owerri and Elo Edremoda, Warri

    • Lagos, Abuja, Ibadan, Osogbo worst-hit

    • TUC mulls industrial action

    Petrol scarcity worsened across the country yesterday, crippling cities and hitting businesses hard.

    Coupled with an epileptic power supply, life has become tougher for artisans, who rely on petrol-powered generators to earn a living.

    The cost of transportation also increased across the country as the scarcity entered its fourth week.

    Nigerians have been spending hours on queues since the Nigerian National Petroleum Company (NNPC) Limited announced the discovery of “emulsion particles” in the Premium Motor Spirit (PMS) cargoes shipped to Nigeria from Artway, Belgium, by its agents.

    The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on February 1, said methanol above Nigeria’s specification was discovered in a limited quantity of petrol in the supply chain.

    The government blamed the scarcity on efforts to quarantine un-evacuated volumes of the toxic petrol.

    Despite NNPC’s promise that about 2.5 billion litres of PMS were being expected by the end of last month, the situation has worsened.

    There were lamentations in many states yesterday.

    In Osun, residents decried hike in fares, which increased by over 100 per cent.

    Motorists and motorcyclists kept vigil at petrol stations, with queues stretching over several kilometres.

    Some petrol stations sold for between N200 to N250 per litre in Ilesha, Ife, Otan, Ila, Ede, Iwo, Okini and Ikirun.

    A motorist, Mr Segun Adeyemi, said: “I bought petrol this morning at the rate of N200 per litre. I paid N3,000 for fuel but the attendant deducted N100 while dispensing.”

    Anambra residents lamented the scarcity, with pump prices varying in different stations.

    In Awka, the state capital, some filling stations sold petrol at N175 per litre; others sold at N200.

    In the commercial city of Onitsha, the pump price rose to as high as N300. Some service stations sold at N250 per litre.

    Most of the petrol stations in Nnewi sold for between N185 and N210.

    Many stations in Anambra have remained shut since last week.

    In Yenagoa, the Bayelsa State capital, the price remained at N250 per litre.

    It was worse two weeks ago when some stations sold at between N500 and N600 per litre.

    It was learnt that the adjustment in price was due to an agreement reached between the independent petroleum marketers and the government.

    There has also been an increase in transportation fares and prices of products.

    In Imo State, a litre of petrol was sold at between N180 and N200, resulting in increased cost of goods and services.

    Residents of Warri, Effurun and environs also felt the effects of the scarcity.

    In Warri/Sapele, Effurun/Sapele and PTI Roads in Warri South and Uvwie council areas, most filling stations were closed.

    The few stations that opened at intervals sold above pump price.

    At one of the stations, the product was sold at N200 per litre.

    It was gathered that others that opened briefly sold between N185 and N210.

    Some motorists alleged marketers were hoarding the product.

    In Asaba, the Delta capital, and environs, a litre of petrol was sold for N220 per litre.

    It was the same in Ibuzor, Oshimili North, Ogwashi-Uku, Aniocha South and Isselu-Uku and Aniocha North local government areas.

    Many petrol stations have been under lock due to the non-availability of the products.

    The scarcity also led to a hike in transportation fares within the Asaba.

    Commercial tricycles charge N100 for a distance within Asaba that normally cost N50, while transport fares for commercial buses shuttling between Asaba and Onitsha have increased from N150 per trip to N500.

    In Ogun State, most service stations did not have the product.

    From Ajebo to Sapon, there are 13 filling stations, but none of them sold fuel in the day.

    It was the same at Abiola Way stretching through Olorunsogo and beyond.

    It was learnt that few of the marketers that had the product resorted to selling between N185 and N210 per litre. They mostly sold from around 6.30p.m.

    The scarcity bit hard in parts of Ibadan, the Oyo State capital.

    In some filling stations, hoodlums coordinated vehicles, collecting at least N500 from each motorist before allowing them in.

    Petrol attendants also asked motorists to part with at least N1,000 depending on the volume of fuel purchased.

    The scarcity of the product worsened in Abuja and Lagos.

    There were endless vehicular queues around all the petrol stations that sold the product.

    IPMAN urges NNPC to increase supply

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) National President, Alhaji Debo Ahmed, urged the NNPC to increase the supply of petrol to 21 inland depots across the country.

    He noted that there was a need to decentralise the depots from which the marketers lift the product.

    He told one of our correspondents that marketers were lifting the product from private depots in Lagos, which he said makes the supply process cumbersome for the marketers.

    The IPMAN boss explained that the break in the supply chain during the issue of the toxic fuel created a supply gap that has not been bridged.

    “If there is a break in demand chain it is always difficult to meet up. Moreover, it is only NNPC who imports. So, NNPC has to increase its importation level to meet up the demand.

    “They should import to those 21 government depots so that they can increase availability.

    “If they have the product they should increase availability by pumping to these 21 inland depots.

    “Everybody is buying from private depots. The time gap between Lagos, Maiduguri, Abuja and other places is still part of the problem. It depends on when you get your product.

    Ordinarily, it takes seven days to transport the product from Lagos to Maiduguri. The whole thing is compounding because everybody has to go to Lagos.”

    On the ex-depot price, he said: “The private depots are selling between N180 to N182 per litre.”

    NUPENG talks tough

    IPMAN and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) are at loggerheads over the pump price of petrol.

    As fuel scarcity worsened in many parts of the country in the last fortnight, many fuel stations increased the pump price of petrol higher than the official N165 per litre.

    NUPENG issued a 24-hour ultimatum to IPMAN members on Sunday to revert to the official pump price of N165 per litre of petrol, but IPMAN says such directive is not within the former’s purview.

    Chairman, IPMAN Benin Depot, Mr Douglas Iyike, said NUPENG’s ultimatum was misplaced.

    He emphasised that NUPENG as a union had no powers to take over the duties of regulatory agencies in the petroleum sector.

    According to him, the increment was due to the hike in the ex-depot price of petrol which should be the area where NUPENG should direct its threat rather than directing same at marketers.

    “We have read in newspapers the supposed 24-hour notice issued to marketers regarding the increment in the pump price of petrol.

    “We want to place it on record that the increment is not due to any fault of oil marketers because we can only sell based on the price at which we buy petrol from the depots.

    There has been an increment in the ex-depot price which has left marketers with no option but to increase the pump price of petrol above the official N165 per litre in recent weeks.

    “We believe that addressing the issue of the ex-depot price should be the focus of NUPENG and not attempting to picket petrol stations which might lead to a breakdown of law and order,” he said.

    Iyike urged NUPENG to channel its energy to the activities of some of its members who engage in reckless driving, illegal charges and diversion of petroleum products.

    TUC reviews sit-at-home directive

    The Trade Union Congress (TUC) has said it would review reports on the challenge of fuel scarcity across the country before taking a decision today.

    Its President, Quadri Olaleye, said reports from the field would determine if the Congress would direct its members to stop going to work or not.

    There is a standing instruction from the TUC directing workers in statutory corporations and government-owned companies to stop going to work if the challenge of fuel scarcity across the country persists for the next few days.

    He said: “There is a standing instruction to declare sit-at-home for our members. We will only reinforce that standing instruction.

    “I will have a meeting with cabinet members tomorrow (today to refresh the consultations with our National Administrative Council.

    “We need to get reports from those we assigned to review if fuel queues have resurfaced in the country and take appropriate action.”

    NLC angry over scarcity

    The Nigeria Labour Congress (NLC) decried the scarcity, saying it has brought untold hardship to millions of commuters and drivers.

    Its President, Ayuba Wabba, in a statement, called on all petrol marketers to show sensitivity to the difficulties faced by Nigerians and ensure prompt discharge of petrol to consumers.

    The statement reads: “The Nigeria Labour Congress condemns the current petrol scarcity all over the country which has exposed millions of Nigerian drivers and commuters to great hardship.

    “We understand that the current situation is as a result of petroleum products hoarding.

    “We call on all petrol marketers to show sensitivity to the difficulties faced by the generality of Nigerians and ensure prompt discharge of petrol to consumers.

    “We also call on relevant regulatory agencies of government to rein in the activities of unscrupulous petroleum products marketers who go devilish miles to make dishonest gains and at the detriment of their fellow citizens.

    “We also state that this situation reinforces our argument for domestic refining of petroleum.”

  • Court to NDLEA: allow Abba Kyari access to medical treatment

    Court to NDLEA: allow Abba Kyari access to medical treatment

    Federal High Court in Abuja yesterday ordered the National Drug Law Enforcement Agency (NDLEA) to allow detained Deputy Commissioner of Police (DCP) Abba Kyari to get medical attention.

    Justice Inyang Ekwo gave the order while ruling on an application for bail filed by Kyari, the suspended Commander of the Intelligence Response Team (IRT) of the Nigeria Police Force (NPF).

    Justice Ekwo said Kyari’s request for bail was overtaken by events in view of an earlier order by another judge of the same Federal High Court in Abuja, Justice Zainab Abubakar, granting the NDLEA permission to detain the suspended police officer for 14 days in the first instance.

    The judge said since a court of coordinate jurisdiction has ordered Kyari’s detention, he could no longer decide otherwise.

    “The only order I can make, in addition to what I have said, is that the respondent shall allow the applicant to his prescribed and verified medication while in custody,” he said.

    The judge then adjourned till March 15 for hearing of Kyari’s fundamental rights enforcement suit, in which he is, among others, challenging his detention and seeking monetary compensation.

    His lawyer, Cynthia Ikena, had, while arguing the bail application, claimed that her client was suffering from diabetes and that he was hypertensive, which informed why his drugs and food had to be regulated.

    Ms. Ikena Alos claimed that she was denied access to Kyari last Thursday when she wanted to see him in the NDLEA custody.

    She added that since her client was arrested on February 12, this year, he had not been on balance diet, despite his health challenges.

    But NDLEA’s lawyer, Joseph Sunday, argued that it was better to have Kyari in custody for him not to interfere with ongoing investigation.

    Sunday said although his client had concluded investigation into the drug-related case involving the police officer, it was still investigating Kyari on money laundering issues.

    On Kyari’s claim to ill-health, Sunday said his client possesses sufficient capacity to deal with his (Kyari’s) health complaints.

  • Row in APC over convention panel

    Row in APC over convention panel

    By Yusuf Alli and Jide Orintunsin, Abuja

    • State chairmen protest

    • PDP men on withdrawn list

    The composition of the convention committee has sparked a row in the ruling All Progressives Congress (APC).

    State chairmen, led by Forum of State Chairmen leader Ali Buke Dalori, were yesterday at the party’s national secretariat to protest the non-inclusion of lists submitted by state chapters.

    Dalori is chairman of the Borno State chapter.

    The Caretaker Committee, led by Yobe State Governor Mai Mala Buni, on Sunday night withdrew the list earlier released, following complaints by many stakeholders.

    A source said majority of nominations from the Presidency did not feature on the list of the 20 sub-committees.

    The Nation gathered that Buni, who was angry, directed that the initial list be dropped.

    A source said: “The Caretaker Committee seems to have lost grip of the whole process. The governors had earlier hijacked the process from the committee. Now, the state chairmen are forcing their way on the Caretaker/Extraordinary Convention Planning Committee (CECPC). I doubt if the Caretaker Committee is still in charge.”

    Some chairmanship aspirants were irked by the composition of the Screening sub-committee.

    Some husbands and their wives were also appointed into sub-committees, they alleged.

    Also, some Peoples Democratic Party (PDP) members were alleged to have been included in the sub-committees.

    Those in this category are those who defected from the APC to the PDP as a result of the crisis in their state chapters.

    It was learnt that many party leaders and members were unhappy with the alleged padded list of sub-committees.

    It was also learnt that some governors submitted names at random for inclusion.

    State chairmen expressed shock that they were not consulted on nominations into the subcommittees.

    Dalori was invited to the National Secretariat of the party to review the list.

    A source said: “It seems some of our leaders and presidential aspirants are going to use the convention to promote their aspirations.

    “The worst aspect is the fact that the names of some members of the opposition PDP. They included some APC members in Kano who have defected to the opposition party.”

  • What IOCs must do before diversting from Nigeria, by NNPC

    What IOCs must do before diversting from Nigeria, by NNPC

    International Oil Companies (IOCs) must address the issues of abandonment of assets and decommissioning of sites before divesting from the country, the Nigerian National Petroleum Company (NNPC) Limited, insisted yesterday.

    The corporation said the IOCs must also demonstrate that they are alive to the ongoing global energy transition process as they divest from oil and gas.

    These were some of the conditions set for the companies to meet before divesting from Nigeria.

    NNPC Limited Group Managing Director (GMD) Malam Mele Kyari listed the conditions in his remarks at the Fifth Nigerian International Energy Summit (NIES) in Abuja.

    Kyari said: “We will work with our partners; we understand the necessity for their investments; we do know that there are issues; we understand that this must take place; but it must also be done in such a way that we are able to deal with issues around abandonment and decommissioning.

    “We will also make sure that whatever arrangement that is put in place, will show that we are also alive to the energy transition journey that we have embarked on.”

    Six months ago, the NNPC GMD highlighted key guidelines that would guide the evaluation of would-be replacement of divesting partners in the oil and gas industry.

    Speaking at the Nigeria Annual International Conference and Exhibition in August last year, Kyari said learning from previous experiences, the NNPC developed requisite Divestment Policy that will provide clear guidelines and criteria for divestment of partners’ interest in all its Joint venture and production sharing contracts arrangements.

    To sustain a prosperous business environment, he said the NNPC would pay particular attention to abandonment and relinquishment costs; severance of operator staff; third party contract liabilities; and competency of the buyer.

    On the wave of divestment of IOC’s from the upstream sector, the NNPC boss told participants that while the country understands the right of companies to freely divest, it was critical to do the right thing to avoid disruption.

    He further said that issues and obligations related to abandonment and decommissioning must be fully addressed and discharged in line with global best practices, regulations, convention, and law.

    Kyari said: “Companies that are divesting, they are leaving our country literarily and that’s the way to put it. But they are not leaving because opportunities are not here, these companies are shifting their portfolios where they can add value and not just that but where they can add to the journey of net carbon zero emission.

    “We understand this very perfectly. But also, we cannot afford to realize that this country must benefit from the realities of today.”

    He confirmed NNPC’s partnership with allies to ensure the attainment of Nigeria 2060 target for carbon neutrality, adding that the Corporation was adopting various strategies towards the attainment of a carbon-neutral economy without compromising the viability of the industry.

    He listed the adoption of low carbon technology across operations; deepening natural gas utilisation to reduce energy poverty – via the National Gas Expansion Programme; and intensifying the use of petrochemicals as some of the measures taken by the national oil company.

    He also stated that the NNPC was making efforts in the gas sector through the NLNG Train 7, AKK, OB3 and ELPS among others.

    Kyari added that the expansion and integration of domestic/regional power grids and growing the domestic gas markets via Autogas/Compressed Natural Gas/Liquified Petroleum Gas to power vehicles remain key to revitalising the industry.

    According to him, the passage of the PIA remained a key enabler and laudable reform in the domestic energy sector.

    Within the last decade, the Nigerian upstream sector had witnessed significant transactions involving the sale of interests in oil licenses.

    Some of these transactions were concluded in the time of high oil prices and in some instances, involved asset transfers from IOCs with long years of exploration and production activities to smaller indigenous companies with limited experience in the upstream sector.

    The commissioning obligations and the potential liabilities were also transferred to the new holder of the licence.

    In August last year, Shell launched divestment of its 30 per cent stake in Shell Petroleum Development Company of Nigeria Limited subsidiary.

    Few days ago, Seplat Energy Plc announced an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited from Exxon Mobil Corporation, Delaware for $1.28 billion.

    The transaction entails the acquisition of ExxonMobil Nigeria’s entire offshore shallow water business.

    According to the deal, ExxonMobil Nigeria’s shallow water business is an established, high-quality operation with a highly skilled local operating team and a track record of safe operations, producing 95 kboepd in 2020 (92 per cent liquid).

    Shell Petroleum Development Company of Nigeria and ExxonMobil are faced with huge remediation costs over their failure to properly decommission and cap their oil and gas assets across the Niger Delta, especially those sold to Nigerians.

    The situation has created severe environmental risks and pollution to host communities in the oil-rich Niger Delta.

  • Soludo’s community boils as gunmen kill three

    Soludo’s community boils as gunmen kill three

    Gunmen have killed three persons in Isuofia community of Aguata Local Government Area in Anambra State.

    Isuofia is the community of Anambra Governor-elect and former Governor of Central Bank of Nigeria (CBN) Prof Charles Soludo

    It was gathered that the gunmen invaded one of the filing stations in the community where they killed three persons..

    Anambra Police spokesman Ikenga Tochukwu said he was not aware of such incident

    But one of the Senior Police Officers in the State, who pleaded anonymity, confirmed the incident to The Nation

    The source said:”Those people have started again in the State and everyone knows those responsible for it but they are afraid to mention them

    “We will do our best and leave the rest to God. But they should retrace their footsteps or face the wrath of security operatives.’