spiceadole: PO is not a saint. Doctors in Anambra state went on strike for 13 months when PO was Governor.
Nothing concerns me with Nigeria elections
Why are you unceoncerned about Nigerian elections that produce public office holders who make policies and laws that are enforced to make the society in a particular way. LGA councillors, chairmen, state lawmakers, governors, representatives and senators as well as presidents.
anonimi: “The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.
He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.
The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”
peterboro: When will they also storm the home of Yahaya Bello, Orji Uzohh Kaluu, Tilumbu, Wike and other politicians?
Never. Not happening as long as they are loyal members of Oshiomole's Assembly of Past Criminals, APC.
chisomkachy: The Economic and Financial Crimes Commission (EFCC) has withdrawn the alleged money laundering suit it filed at the Federal High Court against Lagos Speaker Mudashiru Ajayi Obasa.
Naija News understands that the anti-graft did not give any particular reason for its application for withdrawal.
Following the application to withdraw, Justice Nicholas Oweibo discharged the ‘lien/Post No Debit’ placed on Obasa’s three accounts in Standard Chartered Bank.
The accounts are (US Dollars) 0001852063; (Current) 0001852056 and (Saving) 5002309624.
The judge also set aside the ex-parte orders he made on September 15, 2020, which led to the freezing of the accounts.
Recall that the court on September 15, 2020, granted an interim order freezing Obasa’s accounts following the EFCC’s application in a suit marked FHC/LCS/1064/2020.
The agency had said it was investigating the Speaker for the alleged offences of conspiracy, diversion of funds, abuse of office and money laundering.
But Justice Oweibo, on August 16, 2023, heard the application to unfreeze the accounts in his chamber.
During the hearing, the EFCC was represented by Mr. Sulaiman I. Sulaiman, while Obasa was represented by Mr. Adeyinka Olumide-Fusika (SAN).
The EFCC lawyer told the court that the application to unfreeze the accounts was pursuant to Section 44(2)(K) of the 1999 Constitution (as amended) and Sections 26, 29 and 34 (1) of the EFCC (Establishment) Act, 2004, and under the court’s inherent jurisdiction.
Section 44 of the Constitution concerns constitutional rights to property.
Justice Oweibo held: “It is hereby ordered that an order is hereby granted to the respondent/applicant setting aside the ex-parte orders of this court made on the 15th day of September 2020 upon the ex-parte motion of the Applicant/ Respondent in relation the funds of the Respondent/Applicant domiciled in the accounts stated in the following schedule:
“ACCOUNT NAME, FINANCIAL ACCOUNT INSTITUTIONS, TYPE OF ACCOUNT, 1. Mudasiru Ajayi Obasa, Standard Chartered, (US Dollars) 0001852063 2. Mudasiru Ajayi Obasa, Standard Chartered (Current) 0001852056 3. Mudashiru Ajayi Obasa, Standard Chartered (Saving) 5002309624.
“Issued at Lagos, under the seal of this Honourable Court and by the hands of the Presiding Judge this 16th day of August 2023.”
victorazyvictor: There is something you guys don't understand. Tinubu is the best president that can handle this country. Una no know who northerners are.
I believe in Tinubu, wait after election and see what Tinubu go do. I be igbo man living in north (abuja). I dey enter villa...una go see wetin go happen after reelection. First, he want to change Shetima (though that plan don cast but he may still go ahead) after that una go see major shakeup in Nigeria. He will expose ter sponsors etc
He changed 2 deputy governors Akerele Bucknor and Femi Pedro as Lagos governor, while increasing the tax burden on Lagosians for 100 times increase in budget with his 27 years old master plan.
What has improved in Lagos since 1999 compared to just four years of progressive UPN governor Jakande?
How can a terrorist sponsor and sympathiser expose his fellow criminals?
26.11.2025 Featured ‘Tactical Ransom or Negotiation?’ Nigerians Question Tinubu, FG as Kebbi, Kwara Terrorists Go Scot-Free
Since the Nigerian government confirmed that the abducted 38 worshippers in Kwara State and the 24 Kebbi schoolgirls had been freed, many Nigerians have been awaiting updates about the arrest or killing of their abductors.
The silence of the federal and state governments on consequences for the perpetrators has led many to believe that the government likely negotiated with the terrorists and paid ransom to have the abductees released.
FIJ called the spokespersons of the Nigerian Army (NA) and the Nigeria Police Force (NPF) on Wednesday morning, but neither provided answers to questions about the abductors.
Shortly after Kebbi Governor Nasir Idris and Bello Matawalle, Minister of Defence, announced on Tuesday that the 24 students had been freed, the terrorists who abducted the girls released a video, saying the government negotiated with them for the girls’ release.
StaffofOrayan: Ok movement!! These northern elites don't care about Tinubu's style of governance, They just want a fulani man back in power
Ojulowo omoluabis just want an end to APC palliative sharing extreme poverty shege.
We want a return to PDP's widespread prosperity with cheap petrol, low inflation, better life, less debt burden, less insecurity, low unemployment etc.
What role did Obi play in Nigeria's golden era of PDP widespread prosperity, low debt burden, low inflation, less insecurity, cheap petrol, better life etc for 16 years?
Prosperity that was built on deregulation and privatisation policies before Tinubu packaged his 2011 expired Buhari as APC change messiah, only to unleash progreThief palliative sharing policies for extreme poverty shege since 2015!
anonimi: How Indorama sustains manufacturers, boosts Nigeria’s FX earnings
Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.
The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.
Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.
The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.
The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.
Peterobiisathie: The sixth Nigerian arrested abroad today and these are the people funding Peter Obi’s campaign
You missed the gist.
Reno's Chicago documentary subject funded Obi's campaign.
lexylaw40: The “president-elect” saw in Obi's presidential bid, a good chance to reduce the winning chances of the presidential candidate of the PDP, Atiku Abubakar.
The governorship candidate of the Labour Party (LP) in Oyo State, Tawfiq Akinwale, [/b]on Wednesday [b]stated that the “President-elect” Bola Tinubu asked popular economist, Prof Pat Utomi to step down for Peter Obi in the buildup to the 2023 general elections.
Akinwale made this revelation while he appeared as a guest on a radio programme on 101.7 YES FM, Ibadan, Oyo State, while alleging that Obi received campaign funds from Utomi, whom he described as Tinubu's "son."
The LP aspirant, who spoke in Yoruba language, said "In the buildup to the 2023 elections, Obi who had purchased the nomination form of the Peoples Democratic Party (PDP), suddenly announced his exit from the party.
"Initially, Pat Utomi had secured the LP's presidential ticket, but when Peter Obi said he resigned from the PDP and joined the LP. Bola Tinubu, a master political strategist, quickly told Utomi, that everyone knows to be his son to step down for Obi.
"The “president-elect” saw in Obi's presidential bid, a good chance to reduce the winning chances of the presidential candidate of the PDP, Atiku Abubakar.
"What Peter Obi didn't know is much more that what he knows, he started collecting campaign funds from Utomi, while Tinubu was giving the money to Utomi.
"This went on until Obi's presidential campaign got to a stage it went beyond target. Obi was used without him knowing," Akinwale said after announcing his departure from the party.
Obi defected to the LP after resigning his membership of the Peoples Democratic Party (PDP) and also withdrawing from the presidential race under the party.
The former governor consequently joined the race for the party’s presidential ticket, while Professor Pat Utomi, in June 2022 stepped down for him to emerge as the presidential candidate of the Labour Party, LP, unopposed in Asaba, Delta State.
zoedew: In the hope that the Olisa Metuh's of this world do not steal it! Criminal!!!
Has he joined the redeemed saints in Oshiomole's Assembly of Past Criminals, APC to be forgiven his sins and remain sinless as long as he is loyal to their Ogas at the top
chisomkachy: The Economic and Financial Crimes Commission (EFCC) has withdrawn the alleged money laundering suit it filed at the Federal High Court against Lagos Speaker Mudashiru Ajayi Obasa.
Naija News understands that the anti-graft did not give any particular reason for its application for withdrawal.
Following the application to withdraw, Justice Nicholas Oweibo discharged the ‘lien/Post No Debit’ placed on Obasa’s three accounts in Standard Chartered Bank.
The accounts are (US Dollars) 0001852063; (Current) 0001852056 and (Saving) 5002309624.
The judge also set aside the ex-parte orders he made on September 15, 2020, which led to the freezing of the accounts.
Recall that the court on September 15, 2020, granted an interim order freezing Obasa’s accounts following the EFCC’s application in a suit marked FHC/LCS/1064/2020.
The agency had said it was investigating the Speaker for the alleged offences of conspiracy, diversion of funds, abuse of office and money laundering.
But Justice Oweibo, on August 16, 2023, heard the application to unfreeze the accounts in his chamber.
During the hearing, the EFCC was represented by Mr. Sulaiman I. Sulaiman, while Obasa was represented by Mr. Adeyinka Olumide-Fusika (SAN).
The EFCC lawyer told the court that the application to unfreeze the accounts was pursuant to Section 44(2)(K) of the 1999 Constitution (as amended) and Sections 26, 29 and 34 (1) of the EFCC (Establishment) Act, 2004, and under the court’s inherent jurisdiction.
Section 44 of the Constitution concerns constitutional rights to property.
Justice Oweibo held: “It is hereby ordered that an order is hereby granted to the respondent/applicant setting aside the ex-parte orders of this court made on the 15th day of September 2020 upon the ex-parte motion of the Applicant/ Respondent in relation the funds of the Respondent/Applicant domiciled in the accounts stated in the following schedule:
“ACCOUNT NAME, FINANCIAL ACCOUNT INSTITUTIONS, TYPE OF ACCOUNT, 1. Mudasiru Ajayi Obasa, Standard Chartered, (US Dollars) 0001852063 2. Mudasiru Ajayi Obasa, Standard Chartered (Current) 0001852056 3. Mudashiru Ajayi Obasa, Standard Chartered (Saving) 5002309624.
“Issued at Lagos, under the seal of this Honourable Court and by the hands of the Presiding Judge this 16th day of August 2023.”
adenigga: Amid the escalating security crisis across Nigeria, the Nigerian Army and the Nigerian Air Force are grappling with gross underfunding, particularly in the acquisition of security and defence equipment, according to records from the federal government’s Open Treasury Portal.
Details of the 2025 budget performance posted on the portal showed that of the N20.56bn budgeted by the Nigerian Army for the purchase of security equipment, only N1.46bn, representing 7.11%, was disbursed as of December 31, 2025.
jagaBandeet is only concerned about 2027 re-elecetion and his 3rd term agenda so he can be Paul Biya life president dictator of Nigeria.
Anything else is of zero concern to him.
He is stealing money that should fund the military to secure the country, to bribe politicians into decamping to his party for his 2027 project and 3rd term agenda.
"I know of States that have received over 500 billion Naira from the Federal Government as palliative, but I have never received anything.
I think the reason I don't get it is because I'm not in APC.
He is an APC member. INEC independence is compromised.
Apparently, in trying to determine if the X handle @joashamupitan (which quickly morphed into @Sundayvibe00 after its pro-APC tweets surfaced) belongs to INEC chairman Professor Joash Amupitan, some Nigerians attempted to log in by using the “forgot password” route.
When you do that, X asks for a username, email, or phone number. People entered the email and phone number listed in Amupitan’s publicly available CV. Once the account was located, X displayed partial recovery identifiers that matched those same details.
To verify further, they tested the phone number through Opay and GTBank transfers. The name that appeared was “Joash Ojo Amupitan.” It can’t get more unimpeachably factual than that. That is fool-proof institutional data tied to BVN-linked banking records.
For additional confirmation, the number was run through Truecaller, where it shows up as “Joash Ojo Amupitan (Prof).” Truecaller is crowd-sourced, but when it aligns with a CV and bank-verified name, the convergence is hard to dismiss.
Nigerians didn’t stop there. They also sent messages to the email address associated with the account, which is listed in his CV and university profile, urging him to resign. That email address has reportedly now been disabled.
At that point, convinced the pro-Tinubu account belonged to him, people began calling and texting the number until it was switched off.
Then they switched tactics. They started sending ₦1 or ₦10 transfers to his Opay and GTB accounts, using the remarks field to tell him to resign.
So now, in a strange twist, public outrage is padding his bank balance. Imagine millions sending token amounts just to deliver a message. His accounts are getting fatter by the day. Call it an inadvertent money-making tragedy, if you like!
At this point, frankly, denying ownership of the account is becoming unbearably embarrassing and eroding the faintest vestige of credibility Amupitan has. It’s like insisting your hands are clean while they are still inside the cookie jar.
Since resignation is unlikely in Nigeria for conflicts of interest, the next sensible step for Amupitan is candor. He should acknowledge his past support for Tinubu as a private citizen and state that he has since shed partisan loyalties as INEC chairman.
It may not be sincere, but it is infinitely better than this current futile attempt to hide behind his finger hoping people can’t see him in plain sight.
ProgreThieves looting together in Oshiomhole’s Assembly of Past Criminals, APC with APGA crooks attached to them.
chisomkachy: The Economic and Financial Crimes Commission (EFCC) has withdrawn the alleged money laundering suit it filed at the Federal High Court against Lagos Speaker Mudashiru Ajayi Obasa.
Naija News understands that the anti-graft did not give any particular reason for its application for withdrawal.
Following the application to withdraw, Justice Nicholas Oweibo discharged the ‘lien/Post No Debit’ placed on Obasa’s three accounts in Standard Chartered Bank.
The accounts are (US Dollars) 0001852063; (Current) 0001852056 and (Saving) 5002309624.
The judge also set aside the ex-parte orders he made on September 15, 2020, which led to the freezing of the accounts.
Recall that the court on September 15, 2020, granted an interim order freezing Obasa’s accounts following the EFCC’s application in a suit marked FHC/LCS/1064/2020.
The agency had said it was investigating the Speaker for the alleged offences of conspiracy, diversion of funds, abuse of office and money laundering.
But Justice Oweibo, on August 16, 2023, heard the application to unfreeze the accounts in his chamber.
During the hearing, the EFCC was represented by Mr. Sulaiman I. Sulaiman, while Obasa was represented by Mr. Adeyinka Olumide-Fusika (SAN).
The EFCC lawyer told the court that the application to unfreeze the accounts was pursuant to Section 44(2)(K) of the 1999 Constitution (as amended) and Sections 26, 29 and 34 (1) of the EFCC (Establishment) Act, 2004, and under the court’s inherent jurisdiction.
Section 44 of the Constitution concerns constitutional rights to property.
Justice Oweibo held: “It is hereby ordered that an order is hereby granted to the respondent/applicant setting aside the ex-parte orders of this court made on the 15th day of September 2020 upon the ex-parte motion of the Applicant/ Respondent in relation the funds of the Respondent/Applicant domiciled in the accounts stated in the following schedule:
“ACCOUNT NAME, FINANCIAL ACCOUNT INSTITUTIONS, TYPE OF ACCOUNT, 1. Mudasiru Ajayi Obasa, Standard Chartered, (US Dollars) 0001852063 2. Mudasiru Ajayi Obasa, Standard Chartered (Current) 0001852056 3. Mudashiru Ajayi Obasa, Standard Chartered (Saving) 5002309624.
“Issued at Lagos, under the seal of this Honourable Court and by the hands of the Presiding Judge this 16th day of August 2023.”
aswani: I listened to the whole thing, and I might have missed it, but at no point did he mention APC or President Tinubu. I heard him mention progressives but I am not sure who makes up that group.
Prof is my choice anyway and he spoke so well, compare his calm demeanour in speaking about a sensitive topic to one Ọga like that, from the fair town of Agulu, who makes false absurd claims in an undignified manner.
I am intrigued to see how APC will make Prof the first Ndigbo president of the great Federal Republic of Nigeria and cannot wait for his reign.
Progressive politicians employ enough well paid teachers to make education free for all children, among other basic services and utilities for all residents.
How much of a progressive politician is Soludo and Tinubu
Babasessy: The Awolowo rebirth in the Southwest has inspired gongs, songs and rhetoric of sorts. But they have missed one point.
It occurred to me in Abeokuta last week amidst the big crowds and euphoria of the swearing-in of Senator Ibikunle Amosun as governor. In all the states from Lagos to Edo, where Awo has witnessed ideological resurgence, hardly a single family member has played a role.
So we have an Awo family without an Awo. That is an irony. But history overwhelms us with this sort of twist. Obafemi Awolowo toiled for his reputation. His roots were lowly, he toiled to school both home and abroad, launched into careers in law, business, journalism and eventually politics. He carved a niche for himself, and became the first methodical and charismatic leftist in our history. Other leftists abounded but they did not inspire comparable drama and following.
He faced tribulations, went to jail, failed in elections, won a few, but he imprinted his ideas and legacy in the country, and no single mortal has beaten him in the history of this country. His greatest achievement was in the area of ideas, and that was how he fashioned a family. Most families are born of biology but his issued from ideology. That family suffered with him.
In a spoof of Jesus Christ, these were the men who followed him in his teachings, and endured with him in his temptations. So he formed a kingdom for them in the Southwest, in the old Western Region, presiding over his projects, his legacies and people.
In all of these, the family he had was not his flesh and blood. In another spoof of Christ, who were his family anyway? Those who were with him must be counted as his family. So, I combed in the ambience of Babatunde Raji Fashola (SAN), and I found none. I went to Ogun, I frisked the crowd under Amosun’s bower, hardly any. Around Ogbeni Rauf Aregbesola in Osun, I could not lay a finger. With Governor Kayode Fayemi in Ekiti, where are the forbears of Awo? Yet, I can hear the chants of Awo. Hardly in any of the inaugural speeches or any of their other public intervention would you miss the philtre and filter of Awo from these gentlemen. To parody Novelist Joseph Conrad, they are the sparks from Awo’s sacred fire, the messengers of the might within the man.
Already all of them are pursuing the legacy ideas of Awo: free education, free health services, infrastructural development, urban renewal and economic engineering.
Lagos has posted itself as the John the Baptist. The others are putting up valiant efforts, and the world of course is watching to see how well they will perform. It will call for great work, resourcefulness and cooperation. They are the real Awoists, and Awo was a man of rigour and vigour.
The Awo son that many expected to take after the father was Olusegun, who unfortunately died in a car crash. We shall never know if he could have pulled it off. But the others have not shown much of the paterfamilias’ brio and depth. In the past decade, under this republic, they have blended with the wrong crowd. Even H.I.D, hobnobbed with Alao-Akala, who brought illiteracy to governance; with Oyinlola who turned the grace of office into a hell-hole of despots; with Daniel who could not arrest his quick fall into megalomania.
I wrote once that this woman whom Awo once described as the jewel of inestimable value has lost value to his cause. If he came back to life, he would have committed the extraordinary act of divorce after death. Even his newspaper, The Tribune, has so stumbled and fallen that it swims in Awo’s vomit.
Dele Momodu and other Atiku supporters have to focus their energies on the issue of PDP widespread prosperity versus APC extreme poverty shege under Tinubu since 2023.
Widespread prosperity from deregulation and privatisation policies that gave us cheap petrol, low inflation, less debt burden, low unemployment, low insecurity and better life. Unlike APC’s palliative sharing progreThief policies since they are clueless about creating jobs to earn a living in dignity.
How do we frame the question for the Ayédèrú atọhunrinwa who has held Lagosians hostage since 1999 with forever ♾️♾️ increasing tax burden that is not matched with improving government services and utilities, provided by an adequate number of well paid civil servants
InvertedHammer: / They raided the supposedly dormant accounts? How do you "borrow" without the consent of the lender? What are the terms of the loans?
/
Before we start talking about the propriety of the borrowing process, should we consider that city boy said he stopped borrowing last year after hitting his higher revenue target in August, in addition to saving $84 billion from subsidy removal?
Subsidy removal that hiked petrol price instead of crashing it as he promised in January 2023!
TheMensch: Thieves. All they know is steal and steal. This one they are saying the funds will be available upon request in 10days notice yen yen yen na otilor.
You go fill form tire. Your money don go
Why do we allow them to steal from us, if we are not worse thieves than them, because of our tribalistic zoning and rotation of political positions in local, state and federal governments in both legislative and executive branches
KulSeun: For Terrorism trial ? Hospitals are collapsing , schools in Nigeria lack structure, graduates choke for street as Yahoo Yahoo now is what large number of youths are now turning to , Bandits same terrorist flaunting on social media … now see amount of money for trial instead of structural development
Is Nigeria Cursed with Poor leaders with criminal and baf insights ?
Why do Nigerians allow poor leaders to emerge from among us? Are we also poor, tribalistic people with zoning and rotation mindset for sharing our national cake, thereby normalising corruption and depriving ourselves of government services and public utilities
Sonnobax15: Having peeps like Dino in the opposition is the reason why I strongly believe the opposition is indeed a gathering of jokers
I agree with you on this point.
Why are they giving him a platform to be their leader if they are serious about returning Nigeria to the golden age of PDP privatisation and deregulation prosperity, peace and security with cheap petrol and low debt burden.
bentenny: He is a business man. You can't be dependent on him.
If our own refineries were working and functioning optimally,do you think he would have increased to the current amount in the first place?
Our own GOVERNMENT refineries are working.
Dangote must be waiting for NNPC refineries to crash their price to N70, which APC told us was the upper limit for petrol 11 years ago before they were allowed to replace PDP prosperity and implement their change promises.
anonimi: Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
The Nigerian National Petroleum Corporation has announced that the Port Harcourt and Warri refineries have been successfully re-streamed after a nine-month rehabilitation exercise conducted by its in-house engineers and technicians.
The corporation, in a statement, noted that both plants commenced preliminary production of petroleum products after successful test-runs, adding that while PHRC was ramping up its operation to about 60 per cent of its 210,000 barrels per day capacity, WRPC production was projected to hit 80 per cent of its installed 125,000bpd capacity.
The NNPC said the Port Harcourt refinery was projected to boost the nation’s local refining capacity with a product yield of five million litres of petrol per day, while Warri refinery would contribute 3.5 million litres of petrol.
Providing insight into the rehabilitation exercise, the NNPC noted that it had to adopt the phased rehabilitation strategy after the Original Refinery Builders, who were initially contacted for the project came up with unfavorable terms.
It said, “Though a decision was taken in 2011 to rehabilitate all the refineries using the ORB of each of the refineries, we were impelled to switch strategy after the ORBs declined participation and nominated some partners in their stead who came up with outrageously unfavorable terms.”
The NNPC stated that the nominated partners, as sole-bidders, came up with humongous price offers after two years of thorough and exhaustive scope of work definition and price negotiations.
It added that the proxies were also unwilling to provide post rehabilitation performance guarantees.
The corporation said, “The phased rehabilitation strategy which entailed phased and simultaneous rehabilitation of all the refineries using in-house and locally available resources in line with the spirit and letter of the Nigerian Content Law, also involved the use of Original Equipment Manufacturer representatives to effect major equipment overhaul and rehabilitation.”
The national oil firm said the phased rehabilitation programme, which started in October 2014 after the required funding stream was established, created a 70 per cent reduction in costs which helped largely in mitigating the financing challenges of refinery rehabilitation.
It observed that with the successful re-streaming of the PHRC and WRPC, attention has now moved to the 110,000 barrels per day Kaduna Refining and Petrochemicals Company which was billed to come on stream soon.
saintopus: Dec 06, 2024 The PH Refinery ships its first export of petroleum products to Dubai. The company is expected to load the cargo in the coming days onboard the Wonder Star MR1 ship, signalling the commencement of operations at the plant and the exportation of petroleum products.
The ship will load 15,000 metric tons of the product, which translates to about 13.6 million litres.
Although the volume coming from the NNPC into the global market is still small, the development has the potential to impact the Very Low Sulphur Fuel Oil (VLSFO) benchmarks in the future while changing the market realities for Atlantic Basin exporters into Nigeria and other regions.
The sulfur content of the export by NNPC stands at 0.26 per cent per wt and a 0.918 g/ml density at 15°C, according to Kpler, a data and analysis company.
The cargo was reportedly sold at an $8.50/t discount to the NWE 0.5 per cent benchmark on a Free on Board (FOB) basis.
Kpler reported that the development would help displace imports from traditional suppliers in Africa and Europe, as Nigeria’s falling clean product (CPP) imports are already decreasing, dragging imports into the wider West Africa region lower as well.
Chijeep: They're negotiating with brown envelopes while hungry NL APC supporters are here shouting on empty stomach
They don't need to shout on empty stomachs when they can simply follow wicked Akpabio's advice to where there is free food and daily bread palliatives.
ADC is dead, and only awaiting burial after it was murdered by Wike's judges and Amupitan's INEC.
iwaeda: Wike Boasts Of Helping APC Use Judiciary To Kill Osun LG Funds Case, Warns Party Leaders Against Ingratitude
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has openly boasted that he assisted certain elements within the ruling All Progressives Congress (APC) in deploying the judiciary to frustrate the Osun State local government allocation lawsuit.
In a video now circulating widely on social media and obtained by SaharaReporters, Wike made the claim while addressing a crowd in Port Harcourt, Rivers State.
The former Rivers governor accused the APC National Secretary, Senator Ajibola Basiru, of benefitting from judicial actions against the Osun State Government without knowing those who did the work behind the scenes.
The suit in question led to the withholding of local government funds in Osun State, a development widely seen as targeting the administration of Governor Ademola Adeleke as opposition in the state.
Wike, who spoke angrily, suggested that the court action supporting the APC’s position against the Osun government did not happen by chance, boasting that powerful political forces worked quietly to ensure the outcome.
“Don’t take our support for Mr President for granted,” Wike warned, in an apparent message to APC leaders defending Rivers State Governor Siminalayi Fubara. “You have to be careful about the statements you make. You have to be very careful.”
He accused Basiru of political ingratitude, claiming the APC was enjoying in Osun State without understanding who engineered their advantage.
“Today, you are enjoying in Osun. You don’t know those who did the work,” Wike said. “You are opening your mouth to talk about Rivers State.”
Politics › Re: My Plans For Nigeria From My First Day In Office — Peter Obi Explains by anonimi: 11:40am On Apr 20
