Fuel Queues Will Disappear Next Week – Marketers
The nation may continue to grapple with the effect of the latest fuel crisis until next week as marketers of petroleum products have said the current supply challenge may not end this week.
The marketers also confirmed in separate interviews with one of our correspondents on Tuesday that loading of petrol had resumed across board with members of the Major Oil Marketers Association of Nigeria and Depot and Petroleum Products Marketers Association driving the exercise.
But they told our correspondent that because of the May 29 public holiday, the petrol supply challenge was likely to prevail up until next week.
Power Firms Declare Force Majeure Over Tariffs, Insurgency
Some electricity distribution companies popularly known as DISCOs have declared political force majeure, the Bureau of Public Enterprises has said.
The Head of Public Communications at the privatisation agency, Mr. Alex Okoh, who said this in a statement made available to our correspondent in Abuja on Tuesday, also disclosed that the Yola Electricity Distribution Company had declared another force majeure as a result of insurgency in the area of its operation.
The force majeure clause is a standard clause in most contracts and it includes events such as natural disasters, wars and other occurrences not within the power or control of the executing party, which makes the implementation of the contract impossible.
Dangote Foundation Initiates N4.2bn Projects In Kano
Dangote Foundation says its philanthropic support to Kano State Government has reached N4.2bn.
The Chief Executive Officer of the foundation, Zouera Youssoufo, in a statement, says out of the N4.2bn, N1.2bn is spent annually on a feeding project, which is a special purpose vehicle designed to reduce hunger and extreme poverty among the downtrodden in the state.
Youssoufo was said to have disclosed this at a meeting with the state governor, Rabiu Kwakwanso, during a working visit to the state.
Aliyu Wants FG To Remove Fuel Subsidy
Niger State governor, Dr. Babangida Aliyu has asked the Federal Government to deregulate the oil sector by removing subsidy on petroleum products.
Aliyu spoke while commissioning a N620 million three-star hotel jointly developed by the Niger State Development Company Limited, NSDC, and the State Sure-P, adding that the removal of the subsidy would cut the wings of the Mafia in the industry, thus giving room for free and regular flow of the commodity to all parts of the country.
The subsidy on petroleum product, Aliyu argued, was currently being enjoyed by only a section of the society who had the necessary connections to be importers of the commodity.
‘’Unless fuel subsidy is removed and we go back to the real market, we will continue to have the type of problem facing the country at the moment. Is it not an irony that we sell crude oil and end up buying refined petroleum from the international market?’’ Aliyu said.
Oil Subsidy Scam: How I Arrived At $32bn Figure – Saraki
Former governor of Kwara State, Senator Bukola Saraki, who claimed Monday, that Nigeria was spending $32 billion on non-existing oil subsidy operators, has explained that he arrived at the figure from the monthly and yearly payments to the operators by the Petroleum Product Pricing and Regulatory Agency, PPPRA.
Jonathan To Formally Dissolve FEC Today
In preparation for its final handing over formalities to the incoming administration, the Federal Executive Council, FEC, will be formally dissolved today.
The session which will be presided over by President Goodluck Jonathan is expected to witness a formal speech by the President, highlighting his achievements while in office since May 29, 2011.
Ministers are also expected to make speeches on their experience as members of the council under President Jonathan.
The meeting which is expected to commence by 11am will afford each minister an opportunity to relieve his experience while in office.
Lamido Slams APC Over Campaign Promises
Governor Sule Lamido of Jigawa State has criticised the incoming administration of the All Progressives Congress, APC, for giving excuses for its inability to implement its campaign promises even before taking over power, saying that Nigerians would not tolerate any failure on its part.
Lamido spoke while performing his last public function in Dutse, the state capital where he commissioned the N302 million Jigawa State Independent Electoral Commission, JSIEC office.
His words: “We heard them asking Nigerians for patience on their inability to implement their electoral promises even before assuming office. They also said that they can’t achieve everything overnight and that everything should be done gradually. Which gradually? Is it now that they know that everything should be gradual?
“As Nigerians too we are not going anywhere; we will keep tracking the government’s failures as there will be no tolerance and we must shout at them and they must work for Nigerians. Our government turned Nigeria into a new world; Jigawa State in particular but because of selfish interests they kept sabotaging, blackmailing and intimidating our government.”
Probe Me, Amaechi Dares Wike
Out-going Rivers State governor, Mr Rotimi Amaechi, has challenged the state governor-elect, Mr Nyesom Wike, that he (Amaechi) was not afraid of his administration being probed.
Speaking at his 50th birthday public lecture in Port Harcourt, Amaechi said “Listening to the governor-elect, Wike, I am trying not to respond to him because he has been accusing me of corruption, forgetting that he was the Chief of Staff to this government and knows well how this government is being run. So, how can he turn back and accuse me of corruption? Then he must be part of the corruption himself.”
Meanwhile, Amaechi at Government House during the inauguration of the 22 local government chairmen, elected at Saturday’s council elections, said that Wike cannot dissolve the 22 councils elected on the platform of the All Progressives Congress, APC, as such power only lies with the court.
Police Rescue Psychiatric Patient From Lynching Over Kidnap Allegation
The timely intervention of detectives from Ondo State Police Command reportedly saved a 25-year-old psychiatric patient from being set ablaze for allegedly attempting to kidnap some primary school pupils in Ondo town, yesterday.
Some youths in Oka area of the town were about roasting him alive, when policemen arrived the scene.
Vanguard gathered that ýthe suspect, identified as Peter Oyeyemi, was accused of lurking around the school when youths saw him and kept a tab on him.
He was alleged to have lured some pupils only to be challenged by the youths, who searched him.
During the search, items discovered in his bags include passport-sized photographs of different persons, picture of a teenage girl, a tecno handset, cash, female dresses and a copy of Bible and Quran.
The youths raised an alarm that he was a kidnapper and more youths mobilised to the scene. They stripped him naked and while some of the youths went for a tyre, others made for petrol.
Jonathan Turns Down PDP BoT Chair
President Goodluck Jonathan, yesterday, turned down a proposal by members of the Board of Trustees, BoT, of the Peoples Democratic Party, PDP, to take over the position of the chairman of the board.
Briefing State House correspondents after the meeting of the board, secretary of the board, Senator Wali Jibrin, said the board instead appointed a former Minister of Defence, Dr. Haliru Bello Muhammed, in acting capacity for a period of two or three months.
While resigning his position as the BoT chairman last week, Chief Tony Anenih said he was doing so to pave the way for President Jonathan to take over.
The amended constitution of the PDP provides that a former president under the aegis of the party should be the chairman of its BoT.
Jibrin said at the end of the period, substantive chairman of the party as well as members of the board of trustees will be elected.
Buhari Will Fight Corruption Like I Did – Guinea President
President Alpha Conde of Guinea has expressed confidence in the ability of the President-elect, Muhammadu Buhari, to fight corruption, adding that Buhari will fight corruption like he has done in his country.
The Guinean President said this while speaking with journalists after a meeting with the national leader of the All Progressives Congress, Asiwaju Bola Tinubu, and the Lagos State Governor-elect, Akinwunmi Ambode, in Lagos on Tuesday.
He said, “I came to Lagos to meet my brother, Tinubu before I meet with President Buhari. With the election of Buhari, who is a straight forward person that will fight corruption like me, I believe his emergence as President will culminate in a stronger relationship between Guinea and Nigeria.
New Refinery Plus 1,500 New Jobs Coming To Rivers State And Nigeria
National Standard Finance is delighted to announce its first major investment in Nigeria as part of its recently announced Economic Stimulus plan for Nigeria.
Omega-Butler Refineries from the UK and National Standard Finance, LLC have teamed up to are build and finance a “turn-key” construction of modular mini oil refinery starting with capacity of 1,000,000 metric tons per year (20,000 barrels per day) in Port Harcourt, Rivers State.
This will be the first module; further modules will be built once the first module becomes profitable, making 100,000 bpd in total.
Employing the most progressive technologies of deep crude oil processing, the Refinery is designed for production of environmentally friendly Motor Fuels (Petrol and Diesel, matching strict requirements of Euro-3&4 standards) and high quality Bitumen suitable for roads construction.
Dangote Unveils Plans To Commission $480m Ethiopian Cement Plant
As part of its expansion plan in Africa, Dangote Cement Plc has unveiled plans to commission its 2.5million mtpa cement plant in Ethiopia as the company inches towards its 40million mtpa global total production capacity target before the end of 2015
Cited in Mugher District, the Prime Minister of the Federal Democratic Republic of Ethiopia, Haile Mariam Desalegne is expected to perform the opening ceremony.
A statement from the Dangote Group indicated that the its cement plant, adjudged to be the single largest investment by an African, will be the fifth in the series of the offshore plants of the company that have rolled out cement within the last one year in the continent, after Senegal, Cameroon, South Africa and Zambia.
The group added that nine other countries have cement plants that are in various stages of construction.
Dangote Selects UOP Technology For Its Lekki Refinery
The dreams of Africa’s richest man, Aliko Dangote, to solve the nation’s refinery capacity is a step closer to realization following the news that the Dangote Group has chosen the technology for its refinery.
Dangote selected the UOP technology, a wholly owned subsidiary of Honeywell, a leading international supplier and technology licensor for petroleum refining. UOP will supply process technology, catalysts and proprietary equipment for the 500,000 barrels per day capacity plant that will cost around $9 billion.
The refinery, which is expected to enter into operation in by 2018 will more than double the countries current refining capacity. The nation’s four refineries with a combined capacity of 450,000 barrels is currently achieving anything between 10 and 20 per cent of its capacity forcing the country to import petroleum products to service the country’s needs.
Poor Connectivity Dogs POS Transactions
TELECOMMUNICATIONS network connectivity difficulties continued to mar the progress seen in Point of Sales (PoS) adoption rate in Nigeria, according to findings.
While this challenge persist, it has also been discovered that there is still huge preference for cash among consumers and a low level of awareness of the benefit of using PoS especially among non-users.
Already, as at December 2014, Nigeria has deployed about 350, 000 PoS terminals across the country, a significant increase from the about 120,191 in 2013, but a new Nigeria Inter-Bank Settlement System (NIBSS) report, obtained by The Guardian, on Monday, showed that 72.5 per cent of non-users claim to be unaware of the benefits of using PoS.
Don’t Saddle Buhari With Mundane Issues
Former Minister of Finance, Dr. Onalapo Soleye yesterday said that national stability, discipline and collective support for the President-elect, Muhammadu Buhari, would determine the success of the incoming government.
Soleye who served under the military regime of Buhari/Idiagbon (1983-1985) said those three factors would lead to eradication or reduction of corruption in the country.
He however noted that Buhari might not be able to achieve much “if Nigerians saddled him with mundane and petty issues. The expectation of Nigerians is so high that he can’t afford to reduce himself to petty issues of position sharing.
“As a former military officer, I believe he will handle the issue of appointments with tactics and integrity, putting the interest of Nigeria’s first.”
Lagos Trader, 21, Bags 5 Years For Illicit Drug
A Federal High Court in Lagos on Tuesday sentenced a 21-year-old petty trader, Okechukwu Anekwe, to five years imprisonment for dealing in hemp.
Anekwe, who resides at No. 22, Ishaga Road, Balogun Bus Stop, Lagos, had pleaded guilty to unlawful possession of illicit drug.
Justice Okon Abang, who handed down the verdict, said the court had no option than to sentence Anekwe since he had pleaded guilty to the charge.
“Based on the plea of the accused and the evidence before the court, the accused is found guilty as charged and accordingly convicted.
“He is hereby sentenced to five years imprisonment which takes effect from the date of arrest,” Abang said.
Teenage Girl Docked Over Attempted Murder
A teenage girl, Chidima Sunday, was on Tuesday charged before an Ojo Magistrates’ Court, Lagos, for allegedly attempting to kill a man, Francis Ikemefuna, by stabbing him.
Chidima, 18, is standing trial on a four-count charge of felony, assault, threat and attempted murder.
The prosecutor, ASP Godwin Eze, told the court that the accused had on May 6 at 8.30 p.m. at 14, Hyacinth Madueke, Abulu-Ado in Ojo area of Lagos, committed the offences.
“The accused had on the said date attempted to kill Francis Ikemefuna by stabbing him with a kitchen knife.
“Similarly, Chidima assaulted Ikemefuna thereby causing him serious injuries on his left leg with intent to kill him,” he said.
Eze noted that the offences contravened Sections 56, 171, 228, and 409 of the Criminal Law of Lagos State, 2011.
The teenager pleaded not guilty to the charges.
AIT Absolves Self Of Blame Over Documentary On Tinubu
THE African Independent Television (AIT) has absolved itself of blame in the documentary it aired on the former Lagos Governor Bola Ahmed Tinubu.
Also , the founder of AIT, Chief Raymond Dokpesi and seven others have been listed as witnesses to testify in a N150 billion libel suit filed by Tinubu, against the television station.
Others listed to testify against Tinubu are Namure Joy Edoimioya, Chief Medan Tenke, Ajibola Adewusi, Olumide Idowu, Chief Stanley Odidi, Nwabueze and Dr. Stanley Bassey.
Tinubu had filed N150 billion libel suit against AIT before a Lagos High Court sitting in Ikeja for alleged false accusations about his personality in the documentary titled “Lion of Bourdillion”
He alleged that the documentary was politically sponsored to tarnish his reputation.