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Dangote Refinery Backs NCDMB on Oil Research, Development

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Dangote Refinery

By Sodeinde Temidayo David

As part of efforts to support research and development (R&D) in the oil and gas sector in the country, Dangote Group has announced a partnership with the Nigerian Content Development and Monitoring Board (NCDMB).

The collaboration is through the multi-billion-dollar Dangote Refinery in Lagos and is mainly aimed at promoting the critical issue of the energy sector, which is the backbone of the nation’s economy.

It was gathered that Dangote Refinery is supporting the initiative via the sponsorship of the second edition of the NCDMB Research and Development Fair and Conference 2021 in a bid to show its commitment to the project.

Also, the company was able to showcase its 650,000 barrels per day project and the research and development activities it had carried out during the construction of the refinery at the fair.

This is coming after the NCDMB had commissioned a Technology Incubation and Innovation Center and formally launched the $50 million Nigerian Content Research and Development.

The Executive Secretary of NCDMB, Mr Simbi Wabote, who commended the company’s support for the fair, expressed the need for companies in the Nigeria oil and gas sector to start nurturing the growth of the country’s home-grown technology rather just being wholesome consumers of other people’s innovations.

Mr Wabote emphasised that research and development are pivotal to the growth and development of any nation and play a crucial role in opening new chapters of modern life.

“Analysis of global practices of Research and Development revealed that the combined R&D spend of just five countries makes up 63.5 per cent of the entire global R&D spend.

“These five countries, namely USA, China, Japan, Germany, and India were also observed to have accounted for over 50 per cent of the global Gross Domestic Product,” the NCDMB boss said.

He further expressed regret that African nations accounted for less than one per cent of the global R&D spend, and the continent’s aggregate GDP is only three per cent of the global GDP.

“Africa, on the other hand, accounted for less than one per cent of the global R&D spend while its GDP is only three per cent of the global GDP.”

According to the executive secretary, there is a nexus between the spending on Research and Development and economic prosperity.

Mr Wabote further disclosed that the board would soon embark on a roadshow to showcase its research and development initiatives to the various stakeholder groups, including universities in the country which represent a key constituency.

He also called on industry stakeholders and youths across the country to take advantage of the NCDMB R&D centre to support the adaptation of existing solutions and also come up with new ones to address major challenges in the industry.

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EFCC Questions Ex-NDDC Boss Nsima Ekere Over N47bn Fraud

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Nsima Ekere

By Modupe Gbadeyanka

The former Managing Director of the Niger Delta Development Commission (NDDC), Mr Nsima Ekere, has been grilled by the Economic and Financial Crimes Commission (EFCC).

The former NDDC boss was at the Lagos office of the agency on Wednesday to honour an invitation to him to answer questions surrounding an alleged fraud to the tune of N47 billion.

In 2016, a year after losing the governorship primary election of the People’s Democratic Party (PDP) in Akwa Ibom State to Governor Udom Emmanuel, he was appointed as the MD of the commission.

He left office in 2018 to concentrate on his ambition to rule his home state and contested the gubernatorial poll in 2019 under the All Progressives Congress (APC) and lost again to Mr Emmanuel.

In 2019, President Muhammadu Buhari ordered a forensic audit of the NDDC from 2001 to 2019 and the report of the exercise, according to the former Minister of Niger Delta Affairs, Mr Godswill Akpabio, said several frauds were uncovered.

The EFCC, reports said, has been trailing Mr Ekere and yesterday, he turned himself in and he was questioned on the allegations of contract inflation and award of fictitious contracts while in office.

This development is coming two days after the anti-money laundering organisation arrested the Accountant General of the Federation (AGF), Mr Ahmed Idris, over allegations of diversion of N80 billion.

He was suspended yesterday by the Minister of Finance, Budget and National Planning, Mrs Zainah Ahmed, to enable a transparent investigation into the matter.

Also, a former Speaker of the House of Representatives, Mrs Patricia Etteh, was apprehended on Tuesday by the agency over allegations of diversion of funds for projects.

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IPMAN, EFCC Move Against Oil Theft, Vandalism in N’Delta

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IPMAN

By Adedapo Adesanya

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has sought the support and intervention of the Economic and Financial Crimes Commission (EFCC) in curbing oil theft and pipeline vandalism in the Niger Delta.

This was disclosed by the Chairman of IPMAN, Mr Bello Binna, during a visit to the Port Harcourt’s Zonal Commander of the EFCC, Mr Nwanneka Nwokike, in his office.

Mr Binna said that the EFCC was the only agency trusted to give solutions on issues of pipeline vandalism and oil theft in the Niger Delta region.

According to him, IPMAN was more comfortable with what the EFCC is doing to curb

“We are here to collaborate with the Agency with which we are more comfortable, and we believe that with your support, our jobs will have a headway.

“In the past, our efforts have been wasted, we were advised that the agency that has the mandate to make our job effectively is the EFCC,” he said.

Responding, the Port Harcourt’s Zonal Commander of the EFCC, Mr Nwanneka Nwokike, said the EFCC was working tirelessly to put an end to the menace of illegal oil bunkering in the Niger Delta region.

Mr Nwokike also stressed the need to educate youths within the region on the ills of oil theft and illegal oil bunkering.

“I assure you that the EFCC has the desire to reduce, if not bring to an end, the menace of illegal oil bunkering.

“We will educate our youths on the dangers of this, which is part of our mandate, educating our youths on why they must leave these illegalities. We must all come together to see how we can tackle this menace. I want to assure you that we will work together,” he said.

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Akinwumi Adesina Turns Down Requests to Become Next Nigerian President

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Akinwumi Adesina Sworn-In

By Adedapo Adesanya

The President of the Africa Development Bank (AfDB), Mr Akinwumi Adesina, has ruled himself out of the 2023 presidential race in Nigeria.

Mr Adesina made his position known in a statement on Tuesday after months of calls for him to join the contest after a group bought the presidential nomination form of the All Progressives Congress (APC) for him at the cost of N100 million.

In the statement, the banker emphasised that his current desire is to continue to hold the office of the president of the AfDB which he won reelection for last year.

However, he expressed appreciation for those who found him worthy of leading his country at this critical time it is undergoing different challenges ranging from economy, security and others.

“While I am deeply honoured, humbled and grateful for all the incredible goodwill, kindness, and confidence, my current responsibilities at this time do not allow me to accept to considered,” the statement read in part.

“I remain fully engaged and committed to the mission that Nigeria, Africa and all the non-African shareholders of the African Development Bank have given me for Africa’s development.

“I remain fully focused on the mission of supporting the accelerated development and economic integration of Africa,” Mr Adesina added.

Less than two weeks ago, a coalition of 28 groups purchased the N100 million APC presidential forms for the former Agriculture Minister.

The coalition consists of groups such as the Youth Arise Movement, Nigerians in Diaspora, One Nigeria Group, Prudent Youth Association of Nigeria, women groups, farmers, and other civil society groups.

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