General
Governor Refunds $2.5m Paris Club Loot to EFCC
By Dipo Olowookere
The state Governor in Nigeria, who was accused of stealing from the London-Paris Club loot and building a hotel with $3 million has agreed to return $2.5 million, The Nation reports.
It was reported that the Governor recently sneaked into Aso Rock Presidential Villa in search of soft-landing, speaking with some top government officials on how to escape justice.
According to the Nation, the embattled Governor had in the last 48 hours been roaming the corridors of the Presidential Villa in desperate search for help.
He was said to have offered to refund the balance of $2.5 million quietly to the Economic and Financial Crimes Commission (EFCC) without being further investigated, given that one of the proxies used to launder the funds had already surrendered $500,000 to the anti-graft agency.
It was learnt that the Governor, who disguised to enter the Villa, avoided the prying eyes of journalists at the seat of power.
A government source said, “The Governor was looking visibly disturbed, but it was obvious he was seeking help. The manner he managed his shuttle to the Villa suggested that he had something up his sleeves.
“I think he is ready to refund $2.5 million since one of his proxies has paid back about $500,000.
“The governor had audience with some government officials.
“We learnt he made a commitment to pay back quietly to avoid any political backlash.
“He also does not want to be exposed or his proxies subjected to trial.
“The truth is that this government will not give waiver to anybody or group in its anti-corruption campaign.”
Already, the EFCC has recovered about N1.420 billion from some firms and a consultant who benefited from the N19 billion illegally deducted by the Nigeria Governors Forum (NGF) from the loan refund.
Out of the sum, about N1.2 billion was frozen in the account of a consultant alone.
A top source, who spoke in confidence, said the EFCC was already on the trail of all those who benefitted from the N19 billion cash.
The source said, “Apart from the N8 billion left in the NGF’s Naira account, our detectives have recovered about N1.420 billion from some companies and consultants who were used to launder some of the London-Paris Club refunds.
“While a company refunded N200 million, the other paid back undeserving N20 million. We froze about N1.2 billion in a consultant’s account.
“The cash refunds have clearly shown that some of the London-Paris Club funds were siphoned for private use.
“This is why the EFCC is determined to ensure a comprehensive investigation of the scandal.”
Responding to a question, the source added, “The ultimate objective of this commission is to recover the diverted funds and ensure judicious use of the loan refunds by states.
“The law will, however, be applied to those used for the illegal funds. This is not a war against the NGF or any particular Governor.”
The presidency had so far released N1.266 trillion to the 36 states in the past one year, including N713.70 billion special intervention funds to states.
Following protests by states against over-deductions for external debt service between 1995 and 2002, President Muhammadu Buhari had approved the release of N522.74 billion (first tranche) to states as refunds, pending reconciliation of records.
Each state was entitled to a cap of N14.5 billion, being 25 percent of the amounts claimed.
The Minister of Finance, Mrs Kemi Adeosun, said the payment of the claims will enable states to offset outstanding salaries and pension which had been “causing considerable hardship.”
The Governors had sought for the loan refunds to states and local governments at a meeting with President Muhammadu Buhari on May 24, 2016.
Source: The Nation
General
Tinubu to Visit France Wednesday to Strengthen Bilateral Relationships
By Adedapo Adesanya
President Bola Tinubu will embark on a state visit to France on Wednesday and stay in the European country for the next three days in honour of an invitation from President Emmanuel Macron.
The presidency disclosed this in a statement on Tuesday signed by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga.
The statement said President Tinubu will “be received on Thursday at the 350-year-old French military museum, Les Invalides and Palais de l’Élysée, by Mr Macron and his spouse, Brigitte, for initial ceremonies that will dovetail into bilateral meetings.”
“The Nigerian leader’s three-day visit, which will focus on strengthening political, economic, and cultural relations and establishing more opportunities for partnership, particularly in agriculture, security, education, health, youth engagement and employment, innovation, and energy transition, promises significant benefits for Nigeria,” the statement said.
“Both leaders will participate in political and diplomatic meetings highlighting shared values on finance, solid minerals, trade and investments, and communication. They will also witness a session by the France-Nigeria Business Council, which oversees private sector participation in economic development.
“Brigitte and Nigeria’s First Lady will discuss the latter’s passion for empowering women, children, and the most vulnerable through the Renewed Hope Initiative,” it added.
The President will travel for the visit with his wife, Mrs Oluremi Tinubu, and other senior government officials. They will be hosted at a state dinner by the French leader before their departure.
General
Excitement as NNPC Tankers Lift Petrol, Others from Port Harcourt Refinery
By Aduragbemi Omiyale
Some trucks belonging to the Nigerian National Petroleum Company (NNPC) Limited have been sighted lifting premium motor spirit (PMS), otherwise known as petrol, at the newly-renovated Port Harcourt Refinery in Rivers State.
The facility commenced processing crude oil processing on Monday of about 90,000 barrels per day, representing 60 per cent of its installed capacity of 150,000 barrels per day.
The plant began production three years after the government approved $1.5 billion for its rehabilitation.
On Tuesday, trucks stormed the refinery to load petrol and other petroleum products in preparation for competing with the Dangote Refinery, which commenced PMS production in September 2024.
The Chief Corporate Communications Officer of NNPC, Mr Olufemi Soneye, in a statement today, said trucks began loading petroleum products which include Premium Motor Spirit (PMS) or petrol, Automotive Gas Oil (AGO) or diesel and Household Kerosene (HHK) or Kerosene, while other product slates will be dispatched as well.
Speaking during a brief ceremony to mark the commencement of product loading at the refinery today, the chief executive of the form, Mr Mele Kyari, described this as a monumental achievement for Nigeria which signifies a new era of energy independence and economic growth for the country.
He thanked President Bola Tinubu for his unwavering support and understanding towards the rehabilitation project and for his persistence in ensuring energy security for the country.
Mr Kyari also expressed deep appreciation to the NNPC board and the entire staff for their support and commitment, which crystallized into the streaming of the refinery, commending the contractors for doing a great job in ensuring that the refinery is delivered despite all challenges.
In his remarks, the Chief Executive of the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, congratulated the NNPC for the milestone and assured of his agency’s continued support towards the completion of rehabilitation work at the other refineries.
The refinery rehabilitation project is an Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) project aimed at restoring the refinery to full functionality and renewal.
It has achieved over 16 million manhours with zero Loss Time Injury (LTI).
General
Navy Arrests Three, Seizes 20,000L of Cameroon-Bound Smuggled Petrol
By Adedapo Adesanya
The Nigerian Navy has arrested three individuals suspected of attempting to smuggle 20,000 litres of petrol into the Republic of Cameroon as the country continues to battle oil theft.
The arrest took place on Monday during a routine night patrol on Mbo River, according to the Nigerian Navy’s Forward Operating Base, FOB, in Ibaka, Akwa Ibom State.
This was disclosed by the Commanding Officer of the Nigerian Navy Forward Operating Base, Ibaka, Captain Uche Aneke.
“The suspects were arrested at about 7 p.m. while our operatives were conducting a stop-and-search during a routine patrol.
“Upon intercepting the wooden vessel, which was laden with about 1,000 cartons of different brands of beer and other goods, we discovered 100 drums of PMS carefully concealed under the cartons,” Captain Aneke added.
The seized items, along with the suspects, were handed over to the Nigeria Security and Civil Defence Corps (NSCDC) for further investigation.
Captain Aneke also reiterated the Navy’s commitment to combating maritime crimes and issued a stern warning to those involved in illicit activities.
“I warn individuals or groups involved in smuggling or any form of criminal activity within Nigeria’s waters to desist immediately.
“Criminal elements in the FOB Ibaka area of operations under the Eastern Naval Command Area of Responsibility will continue to be detected using advanced surveillance equipment and intelligence.
“Nigeria’s waters and the Nigerian coastal areas are not for illegal activities.”
Receiving the suspects and exhibit, the Assistant Superintendent of Corps, NSCDC, Akwa Ibom Command, Mr Willie Sunday, confirmed the transfer.
“We will further investigate and possibly prosecute the suspects,” he added.
Oil theft has been one of Nigeria’s main challenges. It has led to a drop in revenue earnings and has forced the Nigerian government to step up security efforts in the Niger Delta.
Latest data from the National Bureau of Statistics (NBS) showed that Nigeria’s oil production averaged 1.47 million barrels per day in the second quarter of the year, compared to 1.45 million barrels per day in the first quarter.
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