He did long time ago but propagandist APC liars are ignoring the rebuttal.
Osun accuses audit firm of inflating ghost workers figures to defraud govt
10 January 2026
The Osun State Government has denied allegations of covering up indicted ghost workers in the state public service, accusing Sally Tibbot Consulting (Nig.) Ltd of inflating figures in its staff audit report in an alleged attempt to defraud the government.
The government described a recent press briefing by the firm as a subtle act of blackmail aimed at forcing acceptance of what it called a fraudulent audit report.
Responding to the claims, the Commissioner for Information and Public Enlightenment, Kola Alimi, said the unusually high number of alleged ghost workers listed by the consultant necessitated a re-verification exercise, which revealed that many of those declared as ghost workers were, in fact, legitimate employees of the state government.
Alimi said the government was prepared to furnish the consulting firm with proof of the existence of each verified worker if requested.
“However, the company did not at any point in time request for such proof nor send an acceptance letter for payment based on about 1,316 workers who were not seen,” he claimed.
The government said the controversy became more suspicious because the consultant’s fees were tied to the amount of money allegedly saved for the state through the audit, suggesting that the firm’s claims were driven by greed.
How do you want our Supreme Court to do something equally awesome about the Aso Rock balablu man who has no clue what he is doing or saying?
Did he not say no more borrowing after hitting his August revenue target? How come he is borrowing far more than PDP presidents who gave us cheap petrol and better life with lower corruption and less insecurity
FreeStuffsNG: Far better things have happened but your low self esteem and lack of patriotism will not make you appreciate it since you think whites are better than you.
Supreme Court was the one that resolved the matter of party registration, oil derivation etc.
Tinubu's Supreme Court or the one of PDP's deregulation and privatisation democrats, who not only gave us 16 years of widespread prosperity but also better democracy where opposition and dissent flourished.
Anyway... anything to make haters of Trump to salivate.
This same Trump is who they claim is an ally of a scarecrow called TINUBU.
All these rants from agbadorians.
How is Trump not an ally of our president?
If they are not allies, why would he allow him violate our sovereignty, killing innocent northerners under the guise of looking for Muslim terrorists committing Christian genocide
FreeStuffsNG: The Supreme Court on Friday ruled that President Donald Trump violated federal law when he unilaterally imposed sweeping tariffs across the globe, a striking loss for the White House on an issue that has been central to the president’s foreign policy and economic agenda.
The decision is arguably the most important loss the second Trump administration has sustained at the conservative Supreme Court, which last year repeatedly sided with the president in a series of emergency rulings on immigration, the firing of the leaders of independent agencies and deep cuts to government spending.
Chief Justice John Roberts wrote the majority opinion and the court agreed 6-3 that the tariffs exceeded the law.
Can something like this happen in our dear country of Nigeria, where wicked, ologogoro, land-grabbing Wike is building houses for judges even though teachers are owed salaries and not enough workers are employed to make water available in FCT?
Should teachers and other workers forever live in rented apartments
Burob: Even the Reno u are quoting said he was wrong, abi u no sabi reason for yourself?
Chai this Obidient dot bots.
Keyamo too was wrong, just as the American courts too are wrong.
What did you say about dot bots again
Racoon: Festus Keyamo Defends Tinubu From Drug Trafficking, Says Tinubu Mistakenly Shared Flats With Drug Lords
The Minister of State for Labour and Employment, Mr Festus Keyamo, has distanced the All Progressive Congress presidential candidata, Bola Tinubu, from being a drug baron who was involved in the traffic of narcotics in the United States.
Keyamo, who also doubles as APC Presidential Campaign spokesperson, noted that the former governor of Lagos State only shared a block of flat with drug barons about 30 years ago in the US.
His reaction is coming following documents of a Chicago District Court indicting and convicting Tinubu of drug dealings and money laundering in 1993.
The document which emerged online two days ago, described APC standard-bearer as a drug baron, adding that Tinubu entered a plea bargain, leading to the forfeiture of his assets to US authorities in 1993
It was also pointed out that Tinubu forfeited the sum of $460, 000 dollars in his bank account at First Heritage Bank to the US government.
Speaking on Wednesday on Channels TV, Mr Keyamo dismissed such claims, insisting that Tinubu was linked to drug peddlers who were his neighbours.
He said: “What happened was that Tinubu went to open an account. The address which he used in opening the account was the address used by these people. I think some blocks of flats. Maybe, he was happy to be in that block of flats too.
“So, they now link it that the other people they were investigating for narcotics are in the same address used by Asiwaju to open that account.’’
MEGAWATCH: After him, Benjamin Kalu the federal house of representatives deputy speaker should follow him immediately.
No need for Tinubu's government Hypocrisy this time.
What is good for Obla is good for Ben too.
Good bless Nigeria.
🙏🙏🙏
Why should Kalu be dealt with for any crime if he remains loyal to the Ogas at the top of Oshiomole's Assembly of Past Crooks, 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.”
PigTormentor: Pls stay away from mkpuru mirri, it's bad for your mental and physical health.
One of your cult leaders took Tinubu to court in the good ol USA and rhe school told you that Tinubu was not only one of their students, but that he graduated top of his class unlike your Agulu cult leader who graduated with 3rd class in philosophy. Pls get a jo boy.
Did he engage in the side hustle documented in Reno's film while he was a student or after school
swaggerjack: Reno Omokri: I Challenge Tinubu To Prove If He Was Not A Drug Lord In Chicago
BreakingNews21: Click-bait titles ensnares the non-reading contingent every time. 😄
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garykoeman: Where did they mention Nigeria. At least read and understand your post before commenting.
Everything is not about politics.
If hunger is making you see balablu, kindly find somewhere to act on waist-focused, Natasha admirer's advice.
Racoon: Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has warned that about 50 percent of low-income countries are in or approaching debt distress, requiring urgent actions.
It was not clear where Nigeria stands on his assertion but based on World Bank classifications for 2024–2026, Nigeria is classified as a lower-middle-income country, not a low-income country. However, Nigeria’s public debt has sustained upwards swing since 2023 with estimated figure at all time high of $100 billion while the Debt service to Revenue ratio is put at 47% in 2025.
buhariguy: is your obi - tuary who is lamba that gives false hope to the youth, he never see anything good in the future, obi- tuary must be jail for sending the youth to their early grave
Was this how your Buhari gave real hope to the youth, reflecting everything good that he saw in their future?
No wonder Tinubu called him expired in 2011 before changing his mind 4 years later. No wonder!!!
Buhari called youths lazy, leaves record number jobless
May 24, 2023
In 2018, President Muhammadu Buhari claimed that Nigeria’s youth want to “sit and do nothing, and get housing, healthcare, education free”, sparking an outcry on social media under the banner #LazyNigerianYouths.
Less than six days to the end of his reign, findings have shown millions of youths are yet to secure employment despite promises to create jobs.
President Buhari was asked a question after a keynote speech at a Commonwealth event in London, six years ago.
“We have a very young population. More than 60 percent of the population is below the age of 30. A lot of them haven’t been to school and they are claiming that Nigeria has been an oil-producing country, therefore they should sit and do nothing and get housing, healthcare, and education free,” he answered.
Many Nigerians inferred from the comments that he was branding the nation’s youth as lazy.
Using the hashtag #LazyNigerianYouth on social media, Nigerians expressed their anger with the comments, which many said did not reflect the entrepreneurial drive of young people in the country.
Young people in Nigeria face chronic unemployment and underemployment, so the president’s remarks hit raw nerves in a country where many are struggling in a tough economic climate.
Some said Buhari, missed an opportunity during the panel to sell the potential of Nigeria’s human capital and largely young demography to an overseas audience.
“It was a pure undiluted gaffe especially with a foreign audience you are telling to come and invest in your country,” Uche Enechi said in a Facebook comment. “Normally, a president will say, ‘come and invest here because we have a youthful, skilled and hardworking labor force that you need, plus a secure and business friendly environment.’ He just said the opposite.”
Data from the National Bureau of Statistics (NBS) show that the unemployment rate quadrupled to 33.3 percent as of the fourth quarter of 2020 from 8.2 percent in Q2 2015.
xxxx999jon: look stable is not the same as stable and those figures back then were nothing but lies..
If those figures were true.. We won't be where we were today... If PDP did well they won't have lost election.. It's that's simply.
Why are you engaging in hair splitting when the data shows that PDP’s 16 years was better by far than APC’s extreme poverty shege of the last 11 years?
Losing election is not only about being better administrator than the opponent.
xxxx999jon: you must be a genz to think PDP years was years of prosperity... Sorry poor you...
You never had the chance to have a taste of prosperous Nigeria. Not your fault tho.
Is Tinubu’s finance minister also a genZ?
Do you know what comparatives are
thisweekng: The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.” Private sector to drive the economy
garykoeman: 👍 for President Tinubu and fmr governor (engr) David umahi.
We can only imagine the kind of investment and development that will spring up along the route.
Can you also imagine how many pictures of the uncompleted road will spring up to pay the subsidy forced on Nigerians because of the massive corruption in APC’s oil sector
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.
See him looking 70 even at 90plus, God please grant me this kind of longevity in good health
Why has that luck failed to extend to Nigeria, the country that he ruined the longest since independence, having a total of 11 years at the helm of affairs
Mubiola360: Most do not know that Asiwaju is fighting their battle but they lack deep sense of reasoning.
This are the Cabals holding Nigeria progress in allowing the benefit of oil and gas to transcend on the citizens. The masses will still attack Tinubu for these reforms . Pathetic
Jagaban fight the battle of Nigerians? What kind of joke is that about the worst rogue in our political space
How is he fighting our battle by removing subsidy to save $84 billion and hitting his revenue target in August, saying no more borrowing, only to be taking more loans than PDP presidents and even Buhari of his extreme poverty APC?
xxxx999jon: The real thing to do actually is to scrap NNPC it's self period.. That entity is not viable.. Sell it off and let all the companies operating in the oil and gas pay taxes and royalty directly... Simple..
Not rocket science... Also it's good the way governments strip NNPC funds.
Is that why you are working with other patriotic Nigerians to return our country to the glorious 16 years of PDP prosperity, driven by deregulation and privatisation policies
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.
saintopus: I knew something was amiss with the Executive Order signed by the President. The PIA was a well planned document that took the National Assembly years to develop and passed into law, now the President bypassed it with an Executive Order. The President could have sent a bill to the NA repealing the Law establishing the PIA.
.........................especially since his party has a majority in the NASS.
How many teachers have been employed by Abia and Enugu governors?
Are they up to 19,500? That is the number of teachers employed by PDP's Makinde in five years without making noise about bieng a progreThief governor o.
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.
SisterAnn: Nothing wrong with the moves of both Ehud and Epstein here.
They were techy businessmen who sought to bring their technical expertise to support Nigeria in the fight against terrorism and get paid for the job.
But Reps at the assembly at that time shut it down because of politics ably financed by APC Tinubu to cripple every effort by Jonathan to set Nigeria free because they were preparing to be president in 2023.
Such an evil minded selfish political tragedyist!
Is that why Tinubu has been a massive failure in Aso Rock and falling upandan everywhere he goes?
donleo92: I like as borno just they do their thing!!!!
You won go school, they give you the chance and opportunity to go!!!!
If you won go learn bombing and banditry, school they for sambesis to learn that one too
How have Borno APC governors been giving every single child the opportunity and chance to go to free primary, vocational and secondary schools?
Does the state have more than 5% of their schools owned by government, like progreThief Lagos State after 100 times increase in budget since 1999?
Have all the governors employed up to 19,500 teachers in the last 27 years? This is the number that PDP’s Makinde has employed in just five years without calling himself a progressive governor o.
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.
Why should your mind go to the gutter and not to something more noble
Is that how Stockholm Syndrome works?
fuckJones: (A case study of Nigeria citizens & their elected oppressors).
During the Soviet dictatorship of Joseph stalin. He was a brutal dictator with mind of his own. On one fateful day, stalin came to Politburo meeting with a live chicken. Standing in front of audience, He started to pluck the feathers of the live chicken off one by one. The chicken trembled in pain, blood tricking out of its pores. It gave out grievous cries, but stalin being a cruel dictator continued without remorse plucking the feathers out until the chicken was completely Unclad. After which, he threw the chicken on the ground. The Unclad chicken was staggering in pain. stalin goes into his pocket and from his pockets, he took out some chicken food and started to throw it at the poor & hapless creature. The poor chicken in pain started eating and stalin started walking towards his seat. As he walked away, he kept dropping some feeds on the floor & the chicken followed him and sat feeding from his feet.
Joseph stalin then turned to members of his political party leadership. He said, "This chicken represents the people". "You must disempower them, brutalise them, beat them up, starve them and then leave them". "If you do this, go into your pocket & give them peanuts when they are in that helpless and desperate situation, they will blindly follow you for the rest of their life, worshiping you". "They will think you are a hero forever. They will forget that, you're responsible for their sorrowful situation in the first place." Breath taking, isn't it ?
Now! Take a look at all the people some Nigerians are busy defending on social media. Take a look at those they call their heroes. They are the same people who plunged Nigeria into the situation she is. They are the same people who are responsible for their predicaments. Did you see the numbers of people that throng to Saraki's House during this Sallah period to go collect peanuts? People trooping to Bola Ahmed Tinubu Foundation offices to collect branded One kilo bag of Rice & Noddles. Did you see the number of people of all ages who troop out to welcome Ex- convict James Ibori to South South! Do you see the number of handle mop following obi as if he is a seat? what of the one following dino malaye?
Your guess is as good as mine. Nigerians kill those they should defend and defend those they should kill! Pass to all your contacts & let your Political & Religion Leaders read, understand & digest.
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.
discusant: Even PBAT himself knows that dissolving Nigeria into more manageable countries is the only solution to the crisis of Nigeria.
The far north states that urinated on Nigeria's Constitution through adoption of unconstitutional Islamic sharia criminal justice system set the stage for dissolution of Nigeria. They share the same objective with the Islamic fighters in the Sahel region who say they are fighting for a country to be governed with Sharia criminal laws. .
Your Tinubu is too busy stealing money to bribe politicians for his reelection and life presidency, to bother with splitting Nigeria 🇳🇬.
Foreign Affairs › Re: Supreme Court Rules That Trump’s Sweeping Emergency Tariffs Are Illegal by anonimi: 6:14pm On Feb 20
