General
NSCDC Says Rumuekpe Explosion Should Be Big Lesson to Vandals
By Adedapo Adesanya
The Nigeria Security and Civil Defence Corps (NSCDC) has said that the pipeline fire explosion in Rumuekpe, Emuoha Local Government Area of Rivers State, which killed at least 12 persons at the weekend, should be a big lesson to perpetrators and intending perpetrators of illegal oil bunkering activities.
It condemned the illegal oil bunkering activities in the area, which led to the explosion that claimed the lives of about 12 people whose identities are yet unknown, while five cars and four tricycles were burnt to ashes.
The Rumuekpe fire explosion, which occurred at an illegal crude oil tapping point from a pipeline operated by the Shell Petroleum Development Company of Nigeria Limited, came about 18 months after a similar fire explosion rocked an illegal refining site in the area in 2021, killing at least 22 persons.
Speaking, the Rivers State Commandant of NSCDC, Mr Michael Ogar, while on an assessment tour to the scene of the incident, condemned the defiant behaviour of those engaging in illegal oil bunkering activities in the community.
Mr Ogar maintained that though the Command condoles with the families of those who lost their lives in the incident, this should be a very big lesson to perpetrators of such a heinous act.
He explained that several attempts were made to combat illegal oil bunkering in Rumuekpe by the command’s anti-vandal operations when several illegal refineries were destroyed, but it was unfortunate that the vandals have unrepentantly continued in the illegal oil bunkering business.
“Our Antivandal Squad repeatedly destroyed a good number of illegal refineries in the area, but as you destroy one, they refabricate another, there were times our personnel were repelled during operations, but we stood firm and undeterred. This should be a warning signal to all unrepentant vandals and perpetrators of illegal dealings in petroleum products.”
The NSCDC boss in Rivers State further reiterated the need for collaborative efforts of security agencies to strengthen the fight against illegal dealings in petroleum products in the area and the entire state.
He also called on the traditional institutions, opinion leaders, and respective stakeholders to put all hands on deck in order to end illegal oil bunkering activities in the various communities across the state.
Mr Ogar urged members of the public to freely relay credible information to the NSCDC, being the lead agency in the fight against vandalism of oil pipelines and the overall safeguarding of all critical national assets and Infrastructures in the State.
“While soliciting for actionable intelligence and credible information from the public, let me use this opportunity to also call on the Multinationals to see the need for collaborations with the security agencies in the provision of advanced technological equipment that would effect signal and raise the alarm when oil pipelines are being tampered with.”
He further disclosed that the Command’s Disaster Management Department was assisting in the rescue operations and would continue to patrol the area to forestall escalations and further disaster.
By Emmanuel Udom
The Abeokuta diocese of the Catholic Church in Ogun State is set to hold a one-day training for all parish correspondents across its over 69 parishes in the state.
Business Post gathered that the training is planned for Saturday, May 3, 2025, at the St Peter & Paul Catholic Hall, located at Itesi along Adetan Road in Abeokuta, Ogun Sstate.
The training will commence from 10 am to 2.30 pm and the event is coming ahead of the church’s Communications Week (ComWeek) fixed for May 25 to June 1, 2025, at the same venue.
The Social Communication Director for the diocese, Fr Gregory Fadele, in a statement said all parish correspondents are expected to be at the venue of the training on or before 9.30 am for registration.
He, however, disclosed that no proxy arrangements would be allowed as refreshments, stationary, certificate of participation, and others would be given to each correspondent drawn from all the parishes of the Catholic church in Ogun State.
By Adedapo Adesanya
African Export-Import Bank (Afreximbank) has backed plans to set up an oil trading house called Africa Trading Minerals (Atmin), which will finance the purchase of refined petroleum products by African and Caribbean oil buyers.
The bank has invested $3 billion in the trading house, which it expects to finance about $10 billion to $14 billion of Intra-African petroleum imports.
Atmin will be based in Dubai, the United Arab Emirates, and is expected to have around 15 employees.
It will start with crude and then expand into oil products and minerals, according to reports.
Afreximbank will be a controlling shareholder at Atmin, while employees will own some 15 per cent of the firm.
The move takes place as oil majors and Western banks retreat from Africa, and the continent is facing a decline in oil and gas production due to under-investment, while also spending $30 billion annually on fuel imports.
It is also seeking to address Africa’s persistent reliance on imported refined petroleum products, which accounted for an amount of $30billion annually in petroleum import costs due to inadequate refining.
Key products to be traded are refined petroleum products including but not limited to Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Heavy Fuel Oil (HFO), Jet Fuel, and Kerosene. The eligible exporters are refineries operating in Africa.
According to Reuters, Atmin will be run by Mr Ajay Oommen,a former Shell executive who worked for the oil major for for 17 years as well as Mr Vikram Thakur, who worked for 18 years at Shell, including in business development, trading origination and structured finance, as well as Mr Joseph Kanaan, a trader at Shell for 11 years.
Speaking on this, Mr Benedict Oramah, President and Chairman of the Board of Directors, Afreximbank, said that the development will have a direct impact on the volume of the refined petroleum products produced and consumed in Africa.
“It will also have a multiplier effect on the downstream petroleum value chain as it will catalyse critical investments in shipping and marine logistics for intra and extra African trade of crude oil and refined products.
“The multiplier effect will also be seen in marine cargo insurance and other ancillary businesses within the sector. We want to see an increased proportion of the about 4 mbpd of crude oil produced in the Gulf of Guinea refined in Africa,” he said.
By Modupe Gbadeyanka
A popular Lagos-based socialite, Mr Emeka Daniel Okonkwo, otherwise known as E-Money, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
The younger brother of a well-known musician, KCee, whose real name is Mr Kingsley Okonkwo, was reportedly arrested by the agency on Monday night at his residence at Omole Estate, Lagos.
He was accused of spraying foreign currency at a public function recently, an act believed to be against the Foreign Exchange Act.
At the time of filing this report, the EFCC has not reacted to reports of E-Money’s arrest.
The organisation is said to be looking into the matter with a view to prosecuting the socialite for the alleged offence.
He was said to have been flown to Abuja for questioning and should be taken to court to face the full wrath of the law if the agency is certain that he has committed an offence.
Recall that some days ago, E-Money was at the 50th birthday of another socialite, Mr Obinna Tochuukwu Iyiegbu, otherwise known as Obi Cubana, in Abuja.
He was also spotted at the wedding ceremony of Iyabo Ojo’s daughter in Lagos.
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