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Russia Offers to Assist Nigeria Grow Oil, Gas, Power Sectors

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Russia Returns Putin

By Adedapo Adesanya 

Russia has expressed its readiness to partner with the Nigerian National Petroleum Corporation (NNPC) in the development of Nigeria’s Upstream, gas and power sectors.

Russian Ambassador to Nigeria, Mr Alexey Shebarshin, during a working visit to the Group Managing Director of the NNPC, Mr Mele Kyari, at the weekend, said his country was “particularly interested in participating in Nigeria’s power infrastructure projects.”

In a statement issued by the Acting Group General Manager, Group Public Affairs of NNPC, Mr Samson Makoji, the diplomat was quoted to have said his visit to the GMD was to consolidate on the gains made from the Russia-Africa Summit held in Sochi last year, adding that the Russian Embassy in Nigeria was keen on enhancing and developing the bilateral co-operation between the two countries across the oil and gas value-chain.

“We would also keep close track of the ongoing negotiations between NNPC and Gazprom on the restoration of the bilateral cooperation which aims to revive and solidify the venture between our two companies for gas Infrastructure development in Nigeria,” Mr Shebarshin stated.

While highlighting the Memorandum of Understanding (MoU) signed between the NNPC and Russian-based company, Lukoil, which focused on refinery rehabilitation, the Russian stressed that he was ready to provide any kind of assistance to move the project forward.

Responding, Mr Kyari said NNPC was committed to partnering with the Russian Embassy in Nigeria to ensure that the two countries benefit from the bilateral cooperation reached in Sochi, Russia.

“As a National Oil Company, we are committed to growing Nigeria’s economy. We will set up communication channels with the Russian companies, Lukoil and Gazprom in particular, to promote this collaboration for the benefit of our two countries,” Mr Kyari noted.

Nigeria and Russia are major players in the crude oil business. Both have huge influence in the Organisation of the Petroleum Exporting Countries (OPEC).

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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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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Sanwo-Olu Promises Justice for Sound Engineer David Imoh

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David Imoh Sound Engineer

By Modupe Gbadeyanka

Governor Babajide Sanwo-Olu of Lagos State has promised to ensure that the late Sound Engineer killed by a mob in the Lekki area of the state last week gets justice.

The Governor gave this assurance through the Commissioner for Information and Strategy, Mr Gbenga Omotoso, in a statement issued on Monday night.

Last week, after boarding a commercial motorcycle, an argument ensued between Mr David Imoh and the okada rider over N100 and attracted other riders, who then lynched him.

There have been calls for justice for the deceased and in the statement today, the state governor said this would be done.

He condemned the mob attack and said the police are interrogating four suspects at the State Criminal Investigation Department (CID), Panti in connection with the incident, while two survivors of the act are in hospital.

According to Mr Sanwo-Olu, the government will address the root cause of this and similar incidents, which have caused public anxiety, appealing to residents to remain calm as police continue to investigate the matter.

“Lagos has no room for savagery and anybody found to have been involved in this barbarism will surely face the law.

“We condemn and will not condone any kind of jungle justice, no matter who the perpetrators are,” the statement stressed.

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N80bn Fraud: EFCC Arrests Accountant General of the Federation Ahmed Idris

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ahmed idris

By Modupe Gbadeyanka

The Accountant General of the Federation (AGF), Mr Ahmed Idris, is cooling off in the custody of the Economic and Financial Crimes Commission (EFCC).

He is having talks with the agency, explaining what he knows about an alleged diversion of N80 billion belonging to the federal government.

He was picked up by operatives of the EFCC on Monday, May 16, 2022, after allegedly failing to honour invitations by the commission to respond to issues connected to the issue.

In a statement issued on Monday night, the anti-money laundering organisation claimed that Mr Idris, through verified intelligence, “raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.”

“The funds were laundered through real estate investments in Kano and Abuja,” another part of the statement disclosed.

The AGF has been in the news lately over an audit report, which indicted some ministries, departments and agencies (MDAs) of the federal government of fraud.

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