General
IPMAN Backs Appointment of Cordier by NNPC
By Adedapo Adesanya
Following a spate of backlash faced by the Nigerian National Petroleum Company (NNPC) Limited over the appointment of a French-Swiss national, Mr Jean-Marc Cordier, as the head of the company’s oil trading subsidiary, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has shown solidarity with the state oil company.
NNPC recently announced Mr Cordier to head NNPC Trading Limited, making him the second after another expatriate, Mr Hubb Stockman, who heads NNPCL Retail Limited.
The announcement of the employment of foreigners to head NNPC Ltd subsidiaries has triggered mixed reactions among Nigerians, especially since the Nigerian Content Development and Monitoring Board is targeting 70 per cent Nigerian content in the oil and gas sector by 2027.
IPMAN, reacting to this, said the decision of NNPC Limited to engage foreigners was the best innovation for Nigeria’s oil and gas sector, as it shows that NNPCL was committed to operational effectiveness and efficiency of the downstream sector of the industry.
IPMAN Chairman in Rivers State, Mr Joseph Obele, said before now, marketers had to bribe and lobby to get product allocation from NNPC.
This, he claims, will end, as he charged the new bosses to ensure the necessary things are done.
He also tasked Mr Stockman to end the suffering of marketers by introducing the seamless application, approval, and allocation of products to marketers.
Mr Obele urged the management of NNPC Limited not to be distracted by the protesters, who he described as friends of the corrupt regime and enemies of reformations and also tasked them to engage more foreigners to handle key offices.
“The decision to engage foreigners is the best innovation for the downstream sector of Nigeria’s oil & gas industry, and we found nothing wrong with the development as it will usher in a corrupt free system. It will eradicate ethnic dominance, survival of the fittest, jumping the queue, bribery, and religious connections.
“Evidence and observations show that engagement of a foreigner in the person of Mr Hubb Stockman as the Managing Director of NNPCL Retail Ltd. has brought a series of reformations in the downstream sector as it concerns retail outlets.
“It takes less than one hour to apply for a product on the portal and get approval electronically. You don’t need to make any phone calls, beg or neither bribe anyone to get your allocation as a licensed Petroleum Marketer with NNPC Retail Ltd.
“Before now, you will have a make several phone calls, bribe some officers, travel to Abuja for lobbying or contact someone who knows someone for you to get your allocation.
“Mr Hubb Stockman is less than five months in office as the Managing Director of NNPC Retail Ltd, and the achievements are obvious for all to see.
“The process of applying for allocation is now automated courtesy of Mr Hubb Stockman’s team. Petroleum Marketers now apply for Products from the comfort of their homes and get approval automatically without any stress.
“The automated system is configured in such a way that each Marketer gets one truck within seven days. This is a great achievement for us in the industry, as it has eradicated the dichotomy between super marketers and lesser Marketers. Each marketer gets one truck of PMS per retail outlet in seven days irrespective of the status of the Marketer.”
The IPMAN chairman also revealed that it was easier to access the expatriates than it was difficult to access other Nigerian managers, drawing on a recent experience.
“Recently, we visited Mr Hubb Stockman in his office in Abuja, it didn’t take five minutes to see him, and you don’t need to pass through any Personal Assistant or junior manager to see him. Family members and friends of previous Managing Directors of PPMC will make things difficult for anyone to see the MD in the office. The case is different with foreigners in the office as we speak, you can reach him on the phone anytime, and you can see him in the office as a marketer without connections.
“With the recent reforms in the sector, you don’t even need to see or visit the MD for any reason. Nigerians should be watchful to ascertain the intent of those that are aggrieved with the engagement of foreigners to head key subsidiaries of NNPC Ltd.
“We had earlier alerted that the beneficiaries of the bottleneck administration will not be comfortable with the reformations. The expatriation process involves many technical and professional aspects.”
General
Dangote Cement Ibese Commissions Cassava Processing Plant in Ogun
By Aduragbemi Omiyale
In order to aid alternative and sustainable means of livelihood amid rising food prices and growing concerns over food security in Nigeria, the Ibese Plant of Dangote Cement Plc has handed over a state-of-the-art garri and fufu processing plant to the Kajola host community in Ewekoro Local Government Area of Ogun State.
The facility is expected to support cassava farmers and processors by improving efficiency and expanding income-generating opportunities.
According to the organisation, the project, delivered under the Community Development Agreement (CDA) with its host communities signed in 2022, is a strategic intervention aimed at boosting agricultural value addition, reducing post-harvest losses and strengthening livelihoods for rural farmers and women.
The Ibese Plant Director, Mr Ayyagari Subbaraidu, at the commissioning, said, “This project is aimed at improving cassava processing, reducing losses and creating sustainable employment for women and farmers in the community.”
He disclosed that the facility features separate garri and fufu processing units equipped with modern machinery, including a five-tonne-per-day peeling machine, hydraulic presses, frying systems, fermentation basins, solar-powered boreholes and sanitation infrastructure, adding that it will serve as a catalyst for local economic growth by enhancing productivity and supporting small-scale agribusinesses across Kajola and neighbouring communities.
The Plant Director also urged the community and the Project Governance Committee to maintain transparency in the management of the facility to ensure long-term sustainability.
The Ogun State Commissioner for Agriculture and Food Security, Mr Bolu Owotomo, who was at the unveiling of the project, said it aligns with Governor Dapo Abiodun’s vision of making agriculture a key driver of economic growth through value addition and enterprise development.
The Commissioner disclosed that “over 166,000 farmers, including more than 90,000 cassava farmers, have been registered under the Ogun State Farmers Information Management System (OGFIMS) to benefit from government interventions.”
He urged the community to safeguard the facility and assured residents of the continued support of the state government towards agricultural development and food security.
“This processing plant will strengthen the cassava value chain, improve product quality, create jobs and enhance food security while boosting farmers’ incomes,” the Commissioner stated.
General
FG Backs US Sanctions on Three BDC Operators Linked to Terror Financing
By Adedapo Adesanya
The federal government has hailed the recent sanctioning of three Nigerian bureau de change (BDC) operators by the United States’ Office of Foreign Assets Control (OFAC) for alleged terrorism financing.
“The Nigeria Sanctions Committee welcomes the recent inclusion of Mukthar Muhammad Adamu, Nine to Nine BDC, and Generation BDC Limited by the United States Office of Foreign Assets Control (OFAC).
“These designations follow the inclusion of Adamu and his companies as part of a broader update to the Nigeria Sanctions List approved and published on 18th June 2026,” it disclosed in a statement.
It said that the naming of the three companies and six people followed extensive intelligence gathering, financial investigations, and inter-agency assessments, which established reasonable grounds to believe that the affected individuals and entities facilitated, financed, supported, or otherwise contributed to the activities of the Islamic State West Africa Province (ISWAP) and associated terrorist networks.
“The individuals and entities added to the Nigeria Sanctions List on 18th June 2026 are Ibrahim Yakubu Ogirima (NLISWi.19), Muktar Muhammad Adamu (NLISWi.20), Adamu Chiroma (NLISWi.21), Ibrahim Abubakar (NLISWi.22), Abdullahi Umar Usman (NLISWi.23), Babangida Muhammed Adamu Hammajam (NLISWi.24), Abbal Bako & Sons Bureau De Change Limited (NLISWe.25), Generation Currency BDC Limited (NLISWe.26), Nine to Nine BDC Limited (NLISWe.27),” the statement read in part.
The federal government reiterated its directive to all financial institutions and designated non-financial businesses and professions to continue to comply with all sanctions obligations, including asset-freezing requirements, the filing of suspicious transaction reports, and the reporting of all relevant matches to the appropriate authorities.
The sanctions committee commended the work of the Federal Ministry of Justice, Office of the National Security Adviser (ONSA), Central Bank of Nigeria (CBN), Department of State Services, Economic and Financial Crimes Commission, and the Nigerian Financial Intelligence Unit for their actions to ensure that terrorist groups are denied the resources that sustain their activities.
It stated that Nigeria remains resolute in its commitment to ensuring that terrorists and their financiers find no safe haven within the country’s financial system.
The committee also said that the Federal Government would continue to work closely with domestic stakeholders and international partners to protect national security, strengthen financial integrity, and contribute to global efforts to combat terrorism and its financing.
General
Lagos Seals Radio Station, Others for Noise Pollution
By Aduragbemi Omiyale
A radio station, Wise FM, has been sealed by officials of the Lagos State Environmental Protection Agency (LASEPA).
The premises of the broadcast media platform, located on Ogabi Street, Meiran, Ile-Iwe Bus Stop, were shut by the state government on Tuesday, June 23, 2026, alongside other establishments across different parts of Lagos State for alleged persistent violations of environmental regulations despite repeated warnings, abatement notices, and opportunities provided for compliance.
In a statement by LASEPA, it was disclosed that the enforcement exercise was carried out in response to various environmental infractions, including noise pollution, air pollution, obstruction of official duties, and failure to comply with its directives.
As regards Wise FM, it was said that it was sealed for noise and air pollution as well as non-compliance with the Agency’s directives.
Another organisation affected, Star-View Terrace, located in Amuwo Odofin, Lagos, was shut down for noise pollution and non-compliance with the agency’s directives, while Premiership Suites, located at Akin Osiyemi Street, Off Allen Avenue, Ikeja, was sealed for non-compliance with the agency’s directives.
Speaking on the enforcement operation, the General Manager of LASEPA, Mr Babatunde Ajayi, reiterated the organisation’s unwavering commitment to safeguarding public health and ensuring a cleaner, safer, and more sustainable environment across Lagos State.
He stressed that both individuals and corporate organisations have a responsibility to comply with environmental laws and regulations, stressing that environmental protection remains a collective duty that requires the cooperation of all stakeholders.
The LASEPA boss warned that the agency would continue to intensify enforcement actions against violators in order to curb environmental nuisances and protect residents from the harmful effects of pollution.
Mr Ajayi urged residents, business owners, and operators of commercial establishments to adopt environmentally responsible practices and cooperate with regulatory authorities in promoting a healthier, cleaner, and more livable Lagos.
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