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FG Sets September Deadline to Launch Africa Energy Bank

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Africa Energy Bank

By Adedapo Adesanya

The federal government has proclaimed that Nigeria is on track to launch the Africa Energy Bank by the end of September 2024, months after winning the bid to site the institution.

The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, while receiving the Secretary General of the African Petroleum Producers Organization (APPO), Mr Omar Farouk Ibrahim, assured that all necessary preparations, including structural framework and documentation, were being diligently addressed to meet the target date.

He also commended APPO for its dedication to the continent’s energy sector, highlighting the organization’s significant progress under his leadership.

“We want to very emphatically say that Nigeria is committed to hosting the African Energy Bank. We are working day and night to meet the September deadline, and we believe that we will be able to meet the deadline even if we can’t meet the deadline, the whole of Africa will see that we have put everything almost in place to host the bank.

“I want to assure you and the rest of APPO members that Nigeria is committed to her obligations as a host country, and it will not be a regret to APPO members that Nigeria was given the hosting right for the African Energy Bank,” the Minister said.

On his part, Mr Farouk Ibrahim said his visit was imperative to review Nigeria’s readiness for the Africa Energy Bank’s launch by the end of September 2024.

He appealed to the government of Nigeria not to disappoint APPO and to ensure it keeps up with its obligations.

“This is my first visit to Nigeria after Nigeria had won the hosting right to host the African Energy Bank headquarters. As a Nigerian, I am very proud of Nigeria.

“I want to appeal to you (Minister of Petroleum Resources) and to the government of Nigeria to do everything you can to conform with what you have promised APPO; the promises which informed the decision to give Nigeria the host right for Africa Energy Bank.

“Everybody is looking up to Nigeria. Ministers of other countries are already asking me when we will start. I am appealing to you (federal government) to help us to keep the Nigerian name flying.”

Business Post reports that the $5 billion Africa Energy Bank aims to address funding challenges in the African oil and gas industry and its launch is eagerly anticipated by stakeholders across the continent in the energy sector.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Ibadan Stampede: Court Grants Naomi, Hamzat Oriyomi, Principal Bail

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naomi and hamzat oriyomi

By Aduragbemi Omiyale

The former wife of the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Queen Naomi Silekunola, has been granted bail by an Oyo State High Court.

Justice K. B Olawoyin, presiding over Court 8 sitting at Ring Road on Monday, granted the bail worth N10 million, with two sureties who must submit landed documents within the jurisdiction of the court.

Also granted the bail were an ace broadcaster, Mr Oriyomi Hazmat, and the Principal of Bashorun District’s Islamic High School, Ibadan, Mr Abdulahi Fasasi.

Recall that on December 18, 2024, over 30 children died in a stampede at the school during a Christmas funfair event organised by Ms Naomi.

She reportedly organised the event to give out about N5,000 each to 5,000 children to alleviate the hardship in the ancient city.

However, before the event started, the stampede occurred as parents reportedly stormed the venue with their kids for the money.

The police arrested eight persons, including the ex-wife of Mr Ogunwusi. They were taken to court, which ordered their remand.

This morning, they appeared before Justice Olawoyin for their bail application, which was granted.

The judge said the sureties must submit their international passport with the court, while the defendant must not grant any form of interview during the pendency of the case.

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Umahi Threatens Contract Termination Over Slow Pace of Road Projects

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Dave Umahi Biafra

By Adedapo Adesanya

The Minister of Works, Mr David Umahi, has expressed concerns over the slow pace of critical road projects in the South-East and South-South regions, despite the release of N21 billion in funding for the Aba-Port Harcourt axis of the Enugu-Port Harcourt Expressway.

He lamented this over the weekend during an inspection of various ongoing projects, warning contractors that failing to utilise these funds effectively would lead to severe consequences, including contract termination.

The Minister highlighted that China Civil Engineering Construction Company (CCECC) responsible for Section IV of the Enugu-Port Harcourt Expressway, had only accessed N7 billion out of the N21 billion allocated for the project in 2024.

“You’ve been given N21 billion, but the progress is disappointing. Only N7 billion has been accessed, and work is moving too slowly. If this does not improve, we will terminate the contract,” Mr Umahi declared, instructing the Federal Controller of Works in Rivers State to issue a formal warning to the contractor.

The Minister’s inspection, which also covered the East-West Road and Bodo-Bonny Road projects, focused on the need for contractors to optimize the use of available funds to ensure timely project completion.

Mr Umahi directed Reynolds Construction Company (RCC) handling the East-West Road Section III (Eleme axis), to ramp up work, stressing that the funding should be utilized without delay to meet the April 2025 deadline.

He reiterated the Federal Government’s commitment to infrastructure development but underscored the need for contractors to be more accountable in deploying the funds provided.

“The money has been allocated, and it is critical that contractors use it effectively to avoid delays and ensure timely completion of these vital projects,” he said.

Regarding the Bodo-Bonny Road project, essential for improving infrastructure in the South-South zone, Mr Umahi urged Julius Berger Nigeria to deploy additional resources despite having worked through the holiday period.

“The funds are there, and the expectation is that contractors make full use of them to accelerate progress,” Mr Umahi emphasized.

To ensure accountability, the Minister set a clear target for Federal Controllers of Works to deliver at least four completed projects between February and May 2025.

He also warned contractors that failure to meet deadlines would result in a 14-day notice of termination.

“We will not tolerate delays. Contractors must be held accountable for the funds they receive,” Mr Umahi said,  reaffirming that the Ministry will closely monitor project funding and progress to ensure the completion of the Federal Government’s infrastructure agenda.

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SERAP Sues Tinubu, Governors Over Cybercrimes Act

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SERAP Tinubu

By Adedapo Adesanya

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Tinubu-led administration and the 36 state governors at the ECOWAS Community Court of Justice in Abuja.

In a statement issued by SERAP’s Deputy Director, Mr Kolawole Oluwadare, it stated that the provisions of the amended Cybercrimes Act remain vague, arbitrary, and repressive, enabling authorities to criminalize legitimate expression and restrict media freedom.

The suit challenged the alleged misuse of the Cybercrimes (Amendment) Act 2024 to suppress freedom of expression, saying it violates human rights, particularly those of activists, journalists, bloggers, and social media users.

The organisation seeks several reliefs, including a declaration that Section 24 of the Cybercrimes (Amendment) Act 2024 is unlawful and inconsistent with Nigeria’s human rights obligations; and an order directing the government to repeal or amend the legislation in compliance with international standards.

“The provisions of the Cybercrimes (Amendment) Act 2024 have opened the door to criminalising legitimate expression and punishing activists, journalists, bloggers, and social media users.

“This is a harshly punitive approach that fails to provide safeguards against misuse, particularly for the peaceful and legitimate exercise of human rights,” the SERAP statement read.

However, no date has been fixed for the hearing of the suit.

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