*says militants attacks in Niger Delta would not deter formal engagements with leaders
By Levinus Nwabughiogu ABUJA-
President Mohammadu Buhari has shifted the responsibility of naming the looters of national assets and the details of the loot to the Ministry of Information.
Recall that the president had at various times in the recent times assured Nigerians that he would make public the details of the money recovered from looters during his Democracy Day national address.
But while making the broadcast on Sunday, the president who however acknowledged that some significant amount of assets have already been recovered said that the Ministry would soon give full details.
He said: "We are also engaged in making recoveries of stolen assets some of which are in different jurisdictions. The processes of recovery can be tedious and time consuming, but today I can confirm that thus far: significant amount of assets have been recovered.
"A considerable portion of these are at different stages of recovery. Full details of the status and categories of the assets will now be published by the Ministry of Information and updated periodically."
The president said that the funds would be plough back into the national treasuries when forfeiture formalities were completed.
"When forfeiture formalities are completed these monies will be credited to the treasury and be openly and transparently used in funding developmental projects and the public will be informed", he said.
Speaking on the attacks on major oil and gas installations in the Niger Delta region, the president also said the government would engage with the leaders of the zone to stop further attacks.
He however said that government would wield the big stick should the militants continue to dare it.
"On the Niger Delta, we are committed to implementing the United Nations Environment Programme report and are advancing clean-up operations. I believe the way forward is to take a sustainable approach to address the issues that affect the delta communities. Re-engineering the amnesty programmes is an example of this.
"The recent spate of attacks by militants disrupting oil and power installations will not distract us from engaging leaders in the region in addressing Niger Delta problems. If the militants and vandals are testing our resolve, they are much mistaken. We shall apprehend the perpetrators and their sponsors and bring them to justice", he said.
Former president of the Senate, David Mark, has told Nigerians not to despair in the face of the daunting economic and socio-political challenges but to remain steadfast for democracy to endure. In a goodwill message to Nigerians marking this year’s democracy day, Mr. Mark noted that it was by deliberate choice and design that the nation chose presidential democracy as the best form of government because it is representative and participatory . The 2016 democracy day, Mr. Mark said, was unique “because it is the first time in the last 17 years of uninterrupted civilian administration that an opposition political party is in charge”. In spite of some criticisms, he said the foundation the Peoples Democratic Party (PDP) administration put in place for 16 years guaranteed the atmosphere that enabled an opposition party to win elections. Mr. Mark stated: “The PDP provided the enabling environment for democracy to thrive. It never hindered or prevented opposition parties from operating. Everyone had access and the political space was free for all. “For 16 uninterrupted years , the PDP discharged firmly and competently the popular mandate of governance of Nigeria through four unprecedented political transitions which included the first ever transition of power from a ruling political party to opposition party in our county. “By this, the PDP ensured that after a largely fruitless search since independence, democracy as a form of government has come to stay as the norm. “Today, whether the same scenario is available in our country is up to the citizenry to judge. Whether life is better now or then is however debatable. “All the same, this is our country. Which ever side of the divide one finds him or herself, we must strive to play such roles honestly and patriotically in order to make our country a better place,” he said. He urged governments at all levels to initiate policies and programmes that are in consonance with the wishes and aspirations of the people, saying that any programme or policy that tends to bring misery on the citizenry cannot be adjudged a good package.
Eleven officials of the Independent National Electoral Commission who supervised the 2015 general elections in Gombe State have admitted to receiving N120m out of the N23bn ($115m) allegedly disbursed by a former Minister of Petroleum Resources, Diezani Alison-Madueke, according to the Economic and Financial Crimes Commission. The revelation comes about a month after the EFCC arrested a former Resident Electoral Commissioner in Rivers State, Mrs. Gesila Khan, and other top INEC officials in the South-South for allegedly receiving N675.1m from Diezani. Sources at the EFCC told our correspondent on Friday that the 11 officials had been interrogated and had made confessional statements. A detective at the anti-graft agency told our correspondent that the electoral officers, who were in charge of the 11 local government areas of Gombe State, reported at the Gombe State zonal office of the commission on Thursday. The detective said, “They have made useful statements and most of them have confessed to receiving millions of naira for their respective local government. They explained that two out of the 11 officials negotiated and collected the bribe on their behalf. “The electoral officer for Akko Local Government Area, Ahmed Biu; and the one in charge of Gombe Local Government Area, Ahmed Ali Biu, and Mohammed Zannah, admitted to have collected the bribe from one Yunusa Biri, also a retired electoral officer who acted as Gombe State coordinator of bribes for electoral officers in the state. “Biri was known and addressed as the coordinator of NGO, a code name used to cover the activities of the two parties.” The detective told our correspondent that at the meeting where the money was disbursed, Biu and Zannah lodged at Corner Alheri Hotel, opposite NNPC mega station in Gombe, and the parties agreed to share the bribe per polling unit in each local government and part of the bribe should go to ad hoc employees deployed to each polling station across the state. The source, however, said there were some issues with the investigation as some electoral officers claimed to have been cheated of their own share of the booty. He said, “Investigations are ongoing but the challenge is that we will have to unravel the discrepancy in the amount collected and the actual money disbursed to the electoral officers. “Some claimed that the coordinator (Biri) short- changed them because he gave only N8m to the eleven local governments in the state.” The detective gave the names of some other detained officers as: Godwin Maiyaki, Gambo Balanga, Bukar Benisheik, Dukku, Jibril Muhammed, Billiri, Dunguma Dogona, Funakaye, Mohammed Wanka, Kaltungo, Ishaku Yusuf, Kwami, Suleiman Isawa, Babagana Malami, Shongom, and Nuhu Samuel.
You are a smart boy. The main nexus of GEJ's camp are untouchable- NOI, Diezani, Adesina, Anyim. But all those who were at the external fringes are all feeling the heat
The Special Adviser to President Muhammadu Buhari on Niger Delta, Gen. Paul Boroh (rtd) hasappealed to former militants to exercise patience with the Federal Government over the delay in the payment of their outstanding allowances.Speaking yesterday, the Presidential Amnesty Programme, PAP, Coordinator blamed the delayonnon-receipt of budgetary allocation by the amnesty office.Boroh, however, assured that his office was working round the clock to ensure the release of all outstanding allocations, stressing that theFederal Government is aware of the pains the former agitators are going through.“I want to assure the ex-militants under the programme that arrangements are being made to fast-track the payment of their stipends as soon as the amnesty office receives its allocation,” he said.
President Muhammadu Buhari has said that Nigeria made a costly mistake by depending solely on oil as only source of income. The President admitted that Nigeria was in for the worst times for failing to save or diversify its economy, which he said, had been greatly affected by the crash of oil prices. Buhari made this remark while bidding the outgoing Iranian Ambassador to Nigeria, Mr. Saeed Koozechi, farewell in Abuja. According to him, his administration was vigorously pursuing the diversification project. “We made a terrible mistake by becoming a mono-product economy hinged on oil and we are now in a volatile situation, due to the crash in oil prices. “We have seen the benefits of diversification which helped Iran to survive many years of sanctions and still came out strong”, he said. “We are now fully committed to economic diversification. Most of the things on our import bills can be produced here. And we are determined to achieve that self-dependency,” he said.
The Federal Government has appointed the Chief Executives of six information-related parastatals under the Ministry of Information and Culture.The appointments were announced in Abuja on Wednesday by the Minister of Information and Culture, Alhaji Lai Mohammed in a statement by Segun Adeyemi, Special Adviser to the MinisterThe new Chief Executives are: Mr. Ishaq Modibo Kawu – Director-General, Nigerian Broadcasting Commission (NBC), and Mr. Mansur Liman – Director-General, Federal Radio Corporation of Nigeria (FRCN), Mr. Yakubu Mohammed – Director-General, Nigerian Television Authority (NTA), Dr. Garba Abari, Director-General, National Orientation Agency (NOA) Mr. Bayo Onanuga – Managing Director, News Agency of Nigeria (NAN) and Mr. Osita Okechukwu – Director-General, Voice of Nigeria (VON)The new appointees replace the Chief Executives of the parastatals who were disengaged on Feb. 15th 2016. The appointments take immediate effect.
Eni, parent company of Nigerian Agip Oil Company (NAOC), has now joined Shell Petroleum and ExxonMobil in declaring force majeure on oil exports from the Brass Oil Export Terminal off Bayelsa shoreline. Force majeure removes from companies from liabilities of contractual obligations due to factors outside its control.
Earlier, Shell and ExxonMobil temporarily halted production, following leaks and vandalism of oil pipelines in the Niger Delta region. It would be recalled that Shell declared force majeure after continued attacks on its Nembe creek trunkline in the Niger Delta that led to a leak. ExxonMobil also announced a temporary action this year due to obstructions along a bridge leading to its Forcados terminal. Eni said its production was cut by 4,200 barrels per day after Sunday’s attack on its pipeline in Bayelsa. An earlier attack in the area on May 18 had resulted to a shutdown of some 1,000 barrels bringing a cumulative production loss to 5,200 barrels of the oil firm’s share of oil output. “I can confirm the attack to the Ogbaimbiri – Tebidaba pipeline, with 4,200 bp/d (Eni’s equity) of production affected,” . a spokesman for the company told the News Agency of Nigeria. “I can confirm that Force Majeure has been placed on Brass Oil Exports from May 22, 2016.” These repeated attacks by militants are costing the company about 800,000 barrels of crude oil. Every day
The Emir of Kano, Alhaji Muhammadu Sanusi II, Tuesday, strongly kicked against child marriage. Addressing a conference of Northern Muslims Religious Leaders Forum on Primary Health care in Kano, the former Central Bank Governor explained that the reproductive health challenges associated with such practice was enough to discouraged the age long tradition.
Sanusi said that Nigeria Muslims were ardent followers of Maliki school of thought like Morocco, Malaysia and Egypt, stressing that those brotherly countries had since pegged marriage age.
In his words “I believe the time is ripe to take a stand on this age long practice of early marriage, and coincidentally we subscribed to Malikiyya school of thought like Morocco, Malaysia and Egypt who had since pegged marriage age to 17, 19 and 18 respectively”.
He further condemned some cultural practices that encouraged polygamy, adding that, “some of those who engage in this practice do not have the necessary economic power to support themselves”.
The emir who took his audience through historical lane explained that “in the past, cities like Kano, Katsina, Aghadez, and Timbuktu hold economic power of the Sahel region, and this economic prospect had since shifted to coastal cities around the globe”.
Commenting on wife battery, the emir said that Islam abhors assault on women.
He enjoined those involved in the act to desist from such practice.
He disclosed that “I don’t expect my in-law to lay his hand on my daughter, but I have since urged her to retaliate any form of assault from her husband”.
The drama surrounding the 2016 budget may not have seen its last days, as two versions of the budget have been released as the amended copy. Following agitations from civil society organisation and concerned Nigerians, the budget office uploaded the full version of the “final amended” 2016 budget. It also uploaded the same on a ministry-by- ministry basis, showing a few discrepancies in the budget of the ministry of solid minerals. Prime among the discrepancies was the inclusion of N795,234,275 for a website update for the ministry. In the full budget, N795.2 million was included for the website update, alongside another N49,764,000 for “upgrading and maintenance of SIGTIM title management software and mco’s official website; development of in-house support software for database cleaning and synchronization; internet/web access services (bandwidth and domain subscription)”. However, in the ministry’s budget N795.2 million was missing, while the N49.7 was retained. Our source had initially raised the inclusion of the N795.2 million in the altered budget, after the initial presentation by President Muhammadu Buhari in December 2015. Some other items raised were retained in the signed budget, including the N3,914,197,062 for “annual routine maintenance of villa facilities by JBN”. According to the budget, the presidency will still be spending N340 million in purchasing BMW saloon cars, while N500 billion set aside for vulnerable Nigerians. The budget has been fraught with controversy. It went missing, was padded, and eventually scrutinised to rid it of all sorts of errors, but these discrepancies seem unending, as the final copy has now shown. On the bright side, the N60 billion “rail construction of the coastal railway project from Lagos to Shagamu to Ijebu Ode to Ore to Benin city to Sapele to Warri to Yenegoa (with siding to Otuoke) to Port Harcourt to Aba to Uyo to Calabar (with branch line from Benin city to Abudu to Agbor to Uko to Ogwashiuku to Asaba to Onitsha including the Onitsha railway bridge) rail line project” was included in the signed budget.
As three Discos get $9m annual grant from US govt Chineme Okafor in Abuja The Minister of Power, Works and Housing, Mr. Babatunde Fashola on Monday said repeated sabotage of petroleum pipelines in the south was regrettable. He also said the impact was far-reaching. Fashola said in his remarks during the signing of agreements between the United States Agency for International Development (USAID) and three electricity distribution companies (Discos) for the provision of $9 million grant annually to upgrade their performances. The grant will see the Discos – Abuja, Ibadan and Eko – have embedded advisors work with them to improve their operational performances. The three Discos signed the agreement in Abuja with the United States Ambassador to Nigeria, Mr.James Entwistle. Further details later
Pastor Tunde Bakare, leader of the Save Nigeria Group (SNG), which spearheaded the 2012 protests against the removal of fuel subsidy by the administration of former president Goodluck Jonathan, has explained why he and members of the group have not opposed the fuel price hike of the President Muhammad Buhari administration. In a state of the nation broadcast today at his church, Latter Rain Assembly, Lagos, Bakare made the explanation.
Titled “Voice of My Conscience,” the address was a response to accusations of partisanship brought against Bakare and other leaders of the 2012 protests by supporters of Dr. Jonathan, who have stridently argued that the former president was unjustly treated while his successor has been given a free ride.
In his address, Bakare argued that that those levelling accusations of partisanship against him are dishonest. According to him, the conditions in 2012 and this year are different. Bakare pointed out that the price of crude in 2012 was over $100 per barrel. He added that the current global economic climate has been made inclement by the dip in crude oil prices from about $65 when the current government came into power to about $48 presently.Bakare also drew attention to the depletion of external reserves through mismanagement and corruption which, in tandem with the slump in crude oil prices, has severely weakened the naira. “The naira was 218 to a dollar at the parallel market as at the time the new government came into power; it is now about 340 to a dollar.
“In comparison, it was about N164 to a dollar in 2012 when we protested.
“In the midst of such a chaotic economic environment, the new government met an alarming subsidy debt.
“We can recall that, by December last year, at the height of excruciating suffering experienced by Nigerians due to fuel scarcity, approval was given for the payment of N407.07 billion of the outstanding N642.922 billion, which implied that N235.852 billion remained outstanding - a sum that would likely increase due to exchange rate differentials and interest charges,” he said. On account of the country’s significantly diminished capacity to earn foreign exchange on account of the dip in global oil prices, Bakare said, it should be obvious that the system of subsidised consumption that eats up 18% of government revenue is unsustainable.
“It is through this lens that fuel subsidy removal must be examined.
“Nigeria is not alone in this abysmal economic situation occasioned by the falling price of oil.
“Other oil producing countries, including members of the Organization of Petroleum Exporting Countries (OPEC) and non-members of OPEC, are faced with the same situation and are taking drastic steps to manage the situation,” he explained.
The fiery preacher said the situation in Nigeria is made worse by the fact that humongous sums are spent on subsidising importation because of absence of local refining capacity.
Bakare called on those accusing him and others of partisanship to understand that the current situation differs significantly from the corruption-ridden 2012 subsidy crisis of 2012. He emphasised that those opposed to the policy in 2012 were not against the economic arguments in support of fuel subsidy removal, but wanted the government to investigate the subsidy regime, punish those responsible for the mismanagement of the process and recover stolen funds before starting conversations around subsidy removal.
We have not changed our earlier conviction in spite of a He maintained that his conviction has not changed in spite of the regime change in the country
“We have only acknowledged that the new government has persistently demonstrated its anti-corruption stance while seeking policy solutions to the economic crisis, though there have been gaps in policy management.
Some leaders of the Peoples Democratic Party loyal to the Jerry Gana-led faction have dismissed the caretaker committee set up Saturday by the party in Port Harcourt as “unconstitutional”, saying only the party’s Board of Trustees is legally mandated to take over the party whenever there is a vacuum. The leaders spoke at a press briefing at the residence of a former deputy senate president, Ibrahim Mantu, in Abuja. At the briefing, which was addressed by Mr. Mantu and Tanimu Turaki, a former Minister of Special Duties, the leaders said they had been vindicated by what happened in Port Harcourt on Saturday. They warned that the decision to set up a caretaker committee instead of allowing the BoT to pilot the affairs of the party could further deepen the division within the party’s ranks. “At this point in time, the only legal organ body conditionally empowered to actually takeover the affairs of the party is the BoT,” Mr. Mantu said. “After watching events at Port Harcourt convention, it’s necessary for us to react to some of the things we saw there. First and foremost, we want to thank our members throughout the nation for giving us support that has actually led us to achieve some of the goals we have set for ourselves. “We were opposed to the zoning and indeed the zoning has been cancelled or set aside. “We also opposed to the convention taking place and the convention did not take place courtesy of the court. “Again, we were opposed to the way the Congresses have been conducted, that, they fell short of our expectations. Now these congresses and conventions have been set aside. “This group can confidently say that we have achieved all the targets we set to achieve,” Mr. Mantu said. Mr. Turaki also said the party had been clearly vindicated. “We here have sat down and reviewed the happening in Port Harcourt very carefully and the decisions that came out have clearly vindicated our position which is based on principles. We had taken a position that things were done wrongly and unconstitutionally. Things have been done without due regards to processes and procedures. “It is now for the BOT to step in and take charge. It is there in our Constitution that in a situation like this, which is unprecedented, that the BoT, the conscience of the party, as the fathers of the party should step in immediately,” Mr. Turaki said. “There shouldn’t be any vacuum and we are concerned that what is coming out of the party from Port Harcourt may likely deepen our disagreement.”
A former federal commissioner of information, Edwin Clark, has advised Niger Delta militants to desist from bombing pipelines and oil installations in the oil-rich region. But Mr. Clark warned that the “casual” approach of the current government to the Amnesty Programme introducedby the Umaru Yar’Adua administration poses “grave danger” for the country. “On every platform that I stand, and have done all my life, I have long become firmly convinced that dialogue beats violence, any time,” Mr. Clark told journalists on Tuesday. “It was on this platform that I took very high personal risks in entering the jungle dens, creeks and the high seas in the very tense days of the Presidents Olusegun Obasanjo and the late Alhaji Umaru Musa Yar’Adua administrations to get them to lay down their arms. “It paid off, and the country benefited from the outcome, the Amnesty Programme, now being casually treated with grave potential consequences,” he said. President Muhammadu Buhari has cut funding for the amnesty programme, citing corruption. A new group, called Niger Delta Avengers, which says it is fighting for a sovereign Niger Delta, has taken responsibility for a series of attacks on oil facilities in the Niger Delta. Mr. Clark, a leader of the Ijaw nation, said that the new wave of attacks and the attendant impact on national economy were of concern to him.
President Muhammadu Buhari phoned President Abdel Fattah Al-Sisi of Egypt Friday evening to commiserate with him and the people of Egypt on yesterday’s EgyptAir crash which claimed many lives. Condoling the Egyptian leader on the loss of 66 lives in the crash, President Buhari assured President Al- Sisi and the people of Egypt of the sympathy of all Nigerians as they mourn the passengers and crew of EgyptAir MS804. President Buhari told President Al- Sisi that the thoughts and prayers of Nigerians are with the families and friends of bereaved Egyptians and other nationals who are in sorrow as a result of the tragic air crash. The president prayed that God Almighty will comfort all those who lost relatives and friends in the crash and grant eternal rest to the souls of those who died. President Al-Sisi thanked President Buhari for his condolence and sympathy
BySeun Opejobion May 20, 2016The Kaduna State Governor, Mallam Nasir El-Rufai yesterday declared that state governments in the country were broke.This was as he disclosed that governors of the 36 states are putting machinery in place to access a $3.25bn loan from the World Bank in a bid to survive the current economic downturn in the country which has made it difficult for some of them to pay workers’ salaries.Briefing State House Correspondents about the decision to approach the World Bank at the end of a meeting of Nigeria Governors’ Forum at the Presidential Villa, Abuja, El-Rufai explained that the loan being sought after is capable of turning around the fortunes of the states.“The World Bank portfolio for the states for this year is $4.25bn and out of that, $3.25bn is lying there undisbursed, which means the states are not meeting their conditions or not moving fast enough to draw this $3.25bn.“You know $3.25bn can do a lot to improve the lives and livelihood of our citizens in the states, and the World Bank has expressed its flexibility to look into the challenges we are facing as well as the procedure to ease accessing this money. The World Bank wants us to withdraw the money as quickly as possible so that our citizens will get the benefits from health to education, agriculture and the revival of livestock and water supply.“These are the areas for which most of these funds are dedicated and we all need the money, because we are all broke. So, we are going to work very hard to try to get the money in trust,” he explained.
The Senator representing Kaduna Central Senatorial zone has reacted to the threat by the Kaduna State chapter of the All Progressives Congress to expel him from the party. The party had on Thursday condemned Mr. Sani and accused him of anti-party conduct for critising the new pricing and supply framework for petrol introduced by the federal government last week. It also threatened to punish the activist- politician by sending him away from the APC fold. But in a response Friday morning though his Special Adviser on Politics and Ideology, Suleiman Ahmed, the senator described the party’s threatas the hallucination of a barely educated ogogoro (local gin) drinker. Mr. Sani said although he remained “one hundred percent a supporter of PMB but he is neither a sycophant nor a hypocrite who will not speak his mind when there is the need to do so.” He accused the state APC of being an appendage of the Kaduna government which he said had been fighting him. “It will be interesting for the general public to know that even the so-called state headquarters of the APC is a building owned by a top PDP chieftain in the state,” he said. Read Mr. Sani’s statement in full below. “The press conference and threat of expulsion made by one Tanko Wusono of Kaduna APC against comrade Senator Shehu Sani for objecting to the increase in pump price of petroleum products stands unambiguously condemned. Kaduna APC as it exists today is simply an extension of El-Rufai’s government
A Niger Delta group, the Ijaw People’s Development Initiative, IPDI, on Thursday warned the Nigerian military to stay away from Gbaramatu Kingdom, Tompolo’s town, insisting that the continuous presence of security operatives has crumbled economic activities in the area.
National President of the group, Austin Ozobo, told THISDAY that the military had continued to harass innocent people of the kingdom by ‘’arresting and evading the privacy of whole communities in the night, making lives unbearable and unpleasant for the inhabitants’’.
Ozobo spoke just as it was learnt that the five persons arrested in connection with the destruction of oil platforms in the region were released late Wednesday.
It was gathered that Chevron management which contracted the surveillance job to the community youths was able to prove that the boys were actually contract members of staff.
However, they were asked to report to the security agencies next week to perfect the papers concerning their freedom.
Members of the community had on Wednesday issued a 72-hour ultimatum to the military to ensure that the five persons namely: Samuel Emiko, Alfred Timedi, Isaac Edinde, Henry Arogboritse and Kelvin Mordi were released before the expiration of the ultimatum.
But notwithstanding the latest development, Ozobo maintained that the rights of people in Gbaramatu have been severely abused and that the people could longer go about their normal fishing activities for fear of unlawful arrest.
He argued that continuously harassing the people could draw their sympathy for the Niger Delta Avengers, NDA, the militant group which has claimed responsibility for blowing up oil and gas facilities in the region.
He described the military action as a declaration of war against innocent people and communities in the area, noting that the affected people do not see it as a war against pipeline vandals.
By Bola Tinubu The National leader of the All Progressives Congress, APC, Asiwaju Bola Ahmed Tinubu, has once again bared his mind on the controversy over the increase in the price of petrol and says it marks a positive turning point for the Nigerian economy. According to Tinubu in a new article, he argued that the policy would better serve the interest of the people cheated for decades by the oil importers. Read full article below: To construct the right building sometimes means we have to tear down the wrong one standing in our way. Our economic development hinges in equal measure on saying good bye to debilitating and corrupted old practices as it does on embracing efficient, wealth creating new ones. As political progressives, we are anchored by a healthy and strong regard for the positive role government must assume in ensuring fair play and the just allocation of wealth and benefits within our political economy. We understand that the so called free market is not always fair. This is the major reason that we advocate a comprehensive policy of economic development projects coupled with social programs. These development projects will build the infrastructure and create jobs that were beyond the ability and rationale of our private sector to do. The social programs will bring succor to those the dynamics of the free market would have otherwise left behind. Yet, as progressives we must be pragmatic and not allow ourselves to become blinded by or render ourselves subservient to ideological bias. Ideology is meant to serve us, not us to serve it. As such, we must recognize that there are certain things the workings of the market perform better over the longer arc of time than government may perform. Establishing the most efficient price for what is essentially an economic commodity is one such thing better left to the interplay of supply and demand. While short-term exigencies may at times call for government action to stabilize markets and prices, government’s long- term determination of such economic prices, although initiated with the finest intentions, often contorts into something ugly and callous. It tends to transmute into corruption, waste and distorted pricing signals that cost the economy more than they benefit the people. Against this background, we must assess the recent decision to allow the workings of supply and demand to determine the price of fuel. Most of us have called this process one of deregulation. This is an inaccuracy that should be promptly corrected. This decision should end arbitrary government price fixing. By ending this price fixing, government regulation of this market will not be eliminated. It will simply change from its emphasis on maintaining a subsidized price to ensuring that the market remains free and devoid of collusion so that sufficient supply is available at a defensible and affordable albeit higher than subsidy price. Government must still monitor this market to ensure against unjust enrichment that comes from attempts at price fixing. Understandably the new pricing decision elicited mixed reactions from a cross section of Nigerians. This is understandable in view of the fact that the fuel subsidy had been with us for such a long period that it seemed integral to our political and economic life. However, we should not lament the departure of something just because of its longevity particularly when that very policy had ceased to serve us long ago. The decision to end the subsidy was hard but it was also inevitable. It had distorted into a system where wrongdoers benefited at the expense of the innocent. The bogus supplier was paid for supplying nothing while you sweated in long lines for fuel that was never there. The smuggler secreted fuel across the border while our economy crossed the border into fuel scarcity. As the price stayed fixed at a low level, investors were apprehensive about fixing existing or building new refineries. Our petrochemical industry remained unfertilized because potential investors could not decipher how they could make a decent return under such a pricing regime. Because of these imbalances, we were forced to export hard currency and many jobs to purchase fuel and other products abroad. While the price of fuel was cheap in paper, these were the hidden costs that made the subs. www.vanguardngr.com/2016/05/ending-oil-price-fixing-makes-economic-sense-by-bola-tinubu/
Demand release of Nnamdi Kanu, Dasuki, defreeze of Tompolo’s bank accounts
YENAGOA- A new militant group, Red Egbesu Water Lions, has surfaced in the Niger Delta region, just as suspected militants, Tuesday night, blew up the Sagbama-Tuomo gas line, belonging to Nigerian Agip Oil Company, NAOC, at Egbembiri, Southern Ijaw local government area of Bayelsa State .
A security source, who confirmed the explosion, said: “Egbembiri is a border town between Bayelsa and Delta states. They destroyed the Ayama section of the Ogboinbiri-Tuomo gas pipeline with dynamites at about 9.00 pm on Tuesday. That line was earlier repaired, last week and again vandalized.”
“We, however, suspect that dispute over the surveillance contract led to the attack. The Agip pipeline links major oil facilities in Delta and Bayelsa States,” he added.
The new militant group in a statement by its Creek Network Coordinator, “General” Torunanawei Latei, said it was teaming up with the Niger Delta Avengers and Indigenous People of Biafra, IPOB.
“It issued the Federal Government a seven-day ultimatum to release Nnamdi Kanu, former National Security Adviser, NSA, Sambo Dasuki and direct EFCC to defreeze the bank accounts of ex-militant leader, Government Ekpemupol, alias Tompolo,
Threatening to shut down all oil exploration activities in the Niger Delta at the expiration of the ultimatum, the group also demanded “unconditional immediate payment to victims of the Bonga Oil Spill and Chevron gas explosion in Koluama, Bayelsa state.”
“It is extremely important to note that the engine room of the national interest is the executive obedience to court orders, protection and preservation of citizens’ constitutional liberties. Justification of executive disobedience to court orders as a protection of national interest is abominable.
“This is a deliberate ploy to bend the law and suspend the 1999 Constitution. We ask, does President Muhammadu Buhari have any legal capacity to declare anyone as a criminal? Disobedience to court orders is an act of executive rascality in the country,” the group added.
Today, we have finally decided to respond to the incompetence and incoherence of this administration in what has now turned out to be a repeated act when it comes to issues of national importance affecting the daily lives and indeed the lives of Nigerians both home and abroad. To be crystal clear, KOWA PARTY is opposed in totality to the new fuel price regime as announced by the Buhari-Led Federal Government. We condemn the insensitivity of this administration and the lack of empathy on the situation that Nigerians currently face, not for a disagreement in the need to remove totally the cankerworm that manifests itself in what we call ‘subsidy’ or the need to deregulate completely the downstream sector of the petroleum industry. Our condemnation arises out of rational and emotional consideration on the experiences and the situation that Nigerians are currently facing. It is unbelievable and almost inhumane that the Federal Government after subjecting Nigerians to almost a year of suffering in different shades of queues, sweat and commodity price hikes decided to subject Nigerians to more suffering just a few days after a form of hope was restored when the controversial budget was finally passed. President Buhari was quoted as saying that he feels the pains of Nigerians and that he hears our cries. We are forced to ask if this quote was indeed Mr President’s original thoughts or the thoughts of the speechwriter whose job it was to draft the ceremonial speech. In the same vein that we understand that the budget for ‘subsidy’ was not included in the signed budget for the year 2016, we also understand that plans for an increase in the minimum wage was not included in the budget thereby ensuring that the suffering that Nigerians have endured for the past one year for both lack of policy direction and incoherent policies is about to be doubled owing to the almost doubled price of Nigeria’s most important commodity in demand without any inch of corresponding increase in the average Nigerian’s salary/wage. This is simply a scenario of Good Policy with a Bad Timing and KOWA PARTY would not have overseen this kind of policy move. As is evident that there is never a good timing for a hard choice/ decision, the circumstances surrounding this policy move at such a time as this is due to the previous forex policy on devaluation (which is reportedly now to be pursued) when this administration against all rational economic advice refused to review at a time when its effects would have been cushioned by average Nigerians by now. Should the occupants of Aso Villa not know, let them be told that the ripple effect of this fuel price hike coupled with the devaluation that is (if reports are to go by) soon to come is simply too much for Nigerians to bear. Nigerians must now rally together to demand accountability, palliatives and viable alternatives from this government. Nigerians must begin to ask that a detailed plan of projects in the ministry of works, power, housing and transportation that have the ability to provide jobs and create easing measures from the effects of these policies be provided and unlike the Minister of Information who thinks he owes no Nigerian any explanation, Nigerians must begin to demand for explanations, project sites openings, results and the implementation of the budget and accept nothing less and NO MORE EXCUSES. As a show of faith, We also demand that the cost of governance be cut to the barest minimum as much as possible. The notion that it is the masses that must suffer the incompetence and the inefficiency of government must stop. If ‘subsidy’ has to be removed, then the exorbitant cost of running the government has to be reduced too. While we continue to hope that the Buhari Led Government has not begun to take Nigerians, the patience we have had in suffering for the last one year and our resilience for granted, we implore all Nigerians to keep the HOPE of the possibility of a better Nigeria, if not now, in the years to come. May God Bless the Federal Republic of Nigeria Signed Jude ‘Feranmi (JFK) National Youth Leader, KOWA PARTY
There were indications on Tuesday evening that militants operating in the Niger Delta may have again blown up a gas pipeline belonging to the Nigerian Agip Oil Company (NAOC) at Ogbembiri in Southern Ijaw local government area, Bayelsa State, ThisDay reports. It would be more than a dozen times that the oil and gas facilities belonging to the Italian Oil giant would be breached this year alone. The fresh attack by gunmen, it was learnt, occurred on the pipeline about 48 hours ago, which raised questions within the community as to why security agencies saddled with the responsibility of protecting oil installations had been unable to stop the frequent breaches. During the latest attack, the gunmen reportedly stormed the community at about 9:00pm, traced the pipeline and ruptured it at a point it was previously repaired after the last attack.The pipeline said to be a major gas supply facility in the country, reportedly crosses Tumor community in Bomadi, Delta State; Ogbuasiri in Ekeremor and Ogbembiri in Southern Ijaw, Bayelsa State.
President Mohammadu Buhari is
handicapped over the increase in the price of
premium motor spirit, PMS, Vice President, Yemi
Osinabjo has said.
Seemingly rising in defence of the president amid
the backlash of angry feelings among many
Nigerians caused by the all-time drastic increase,
Osinabjo said that though the president was
opposed to the new price initially, he had no
choice than to accept the change.
According to him, the decision was necessary if
the country must source for foreign exchange to
import fuel.
In any case, the Vice President said that even if
the local refineries were resuscitated, the country
would still need to import product as they would
only run at 40 percent capacity.
Osinbajo spoke Tuesday in Abuja at the public
presentation of a book titled "Anatomy of
Corruption in Nigeria: Issues, Challenges &
Solutions, a collection of essays", edited by a
renowned lawyer and Senior Advocate of Nigeria,
SAN, Mr. Yusuf Ali.
This is not the first time, the office of the Vice
President would be exonerating the president
from the hike.
by Tayo Johnson, Ibadan, May 17, 2016 at 6:08
pm in News, News Update
The National president of Academic Staff Union of
Universities (ASUU), Prof. Biodun Ogunyemi, on
Tuesday mobilized members of the union for
strike and mass action commencing from
Wednesday to force the Federal Government to
revert the pump price of petrol from N145 to N86
per litre.
In a letter to ASUU members nationwide and
titled: “Increase in pump price of Premium Motor
Spirit to N145 per litre: Proposal for Joint Action
with NLC,” the ASUU president said members are
urged to fully respect Article 2 of ASUU
Constitution which required them to work for the
protection and advancement of the socio-
economic interests of the nation.
“Branch chairpersons are to conduct emergency
congress meetings on Tuesday, May 17, 2016 to
mobilise our members for the action commencing
on Wednesday. All branches of ASUU nationwide
are to comply,” the letter added.
The chairman of ASUU, University of Ibadan
chapter, Dr. Deji Omole, who read the letter to
union members at the institution, said the
chapter was ready for mass resistance to what he
called “obnoxious and callous policy of fuel price
increment.”
Omole said the subsidy removal was the most
criminal ambush by federal government to
empower the rich and cripple the poor.
Government Ekpemupolo, (aka Tompolo), ex-Niger Delta militant leader, said on Monday that he was not part of the new group blowing up oil facilities in the region. Ekpemuopolo disclosed this in a signed statement mailed electronically to newsmen in Warri, Delta. The embattled Gbaramatu chieftain dissociated himself from the new militant group, the Niger Delta Avengers (NDA). He described as unfortunate, the continuous military siege on Gbaramatu Kingdom, Warri South West Local Government Area. He said there was no need for military siege on Gbaramatu because he had nothing to do with the NDA. “It baffles me that the Nigerian military has refused to believe that I am not part of the group and its activities. “I am obviously a victim of circumstance in this matter because of my case with the Economic and Financial Crimes Commission (EFCC),’’ he said. Ekpemuopolo said it was irrational for him to resort to destruction of oil facilities because of the charges against him by the EFCC. He said some people gave the government wrong information to the effect that he was behind the new group, the Niger Delta Avengers. “May I once again point out that those accusing me of the destruction of oil facilities in parts of Delta are simply looking for relevance, recognition and pipeline surveillance contracts,’’ he said. He urged the Federal Government to be mindful of the information it gets, noting that some persons were doing that for selfish gain. Ekpemuopolo urged the Federal Government to launch a thorough investigation to ascertain those behind the new group.
The umbrella body of all youths of Ijaw descent, the Ijaw Youth Council (IYC) Worldwide, on Monday in Yenagoa, Bayelsa State, warned that unless the ownership structure of oil blocs in the region was rearranged to ensure fairness, attacks on oil platforms would continue. President of the IYC, Udengs Eradiri, who spoke as part of activities to mark this year’s Isaac Boro Day, told newsmen at the Ijaw House, Yenagoa, that the unfair distribution of oil wells was a major cause of the instability in the region.
The Ijaw youths had earlier ordered the shutting down of shops in the Bayelsa State capital as a mark of honour for the late Isaac Adaka Boro. “One of the most salient issues that if not addressed will lead to more crisis is the issue of the oil blocs. President Buhari was one time Petroleum Minister and Head of State in this country. ‘’Let us go and do an assessment of that time. The time when criminally they shared our oil blocs was under his watch either as Petroleum Minister or as Head of State. It is in one of those times. “Oil blocs were shared to one group. Look at it, either the person (owner of oil bloc) was a former military president or relative of the military president or an in-law to a military president”, Eradiri said. The Niger Delta Avengers (NDA), the new face of militancy in the area, had last week Thursday listed some oil blocs allegedly owned by former Vice President, Alhaji Atiku Abubakar, Minister of Defence, General Theophilus Danjuma, ex-Minister of Petroleum, Alhaji Riwalnu Lukman and others. The new militant group in the region had among others issued them a two-week ultimatum to shut down operations at the oil blocs and evacuate the workers from the locations or have them blown up. Eradiri said that much of the indiscriminate sharing of oil blocs were allegedly carried out when Buhari served as Petroleum Minister or Head of State.
The Defence Headquarters (DHQ) has confirmed the arrest of suspected members of the resurgent militant group, the Niger Delta Avengers (NDA) who were allegedly responsible for the attacks on oil pipelines.
The latest arrest, which is the first since the new group emerged, was disclosed on Sunday by the Director of Defence Information (DDI), Brig-Gen. Rabe Abubakar, who has in several instances vowed to apprehend the perpetrators.
“This is to confirm the arrest of some suspected members of Niger Delta Avengers. Investigation is currently on going,” Abubakar said .
He assured that the “military will continue to do its best to guard strategic facilities and provide security to lives and property”.
He noted that the military actions is in line with our rule of engagement, adding that the arrested suspects are behind the recent attacks at the Chevron oil facilities.
The Defence Spokesman also urged the “community and traditional rulers and patriotic citizens to cooperate with us in our efforts to get rid of criminals in our great country”.
Abubakar had in a previous statement vowed that the militants will be treated as criminals and that the security forces will leave no stone unturned to apprehend the perpetrators.
The Rivers State Chapter of All Progressives Congress (APC) alleged on Saturday that Governor Nyesom Wike of the State has mobilized a group of PDP members and sympathisers with the sum of N25m to go and protest at the Independent Electoral Commission (INEC) Headquarters, Abuja. The APC in a statement signed by is its Spokesman, Senibo Chris Finebone said, “This condemnable action is part of the wild goose chase by the governor to stop Senator Magnus Abe at all cost from consummating his expected victory in the suspended Rivers South-East rerun election whenever it is concluded by INEC.” Continuing, the party noted that earlier in the week, the Rivers State chapter of the PDP, through its State Publicity Secretary, Samuel Nwanosike, addressed a national press conference where the party unjustifiably lampooned the INEC especially one of its national commissioners, Mrs. Amina Waziri, for only God-knows-what offences. The APC maintained that it had every reason to believe, and justifiably so, “that all these developments stem from Gov. Nyesom Wike’s obsession to stop Senator Magnus Ngei Abe from actualising his victory in the Rivers South-East Senatorial rerun elections.” The party recalled that “the orchestrated campaigns sponsored and funded by Gov Wike against the nation’s security agencies especially the Nigerian Army in Ogoniland is all part of the agenda by the governor to blackmail and stampede the Army out of the area to create an enabling environment for the takeover of Ogoniland by Wike’s Army commanded by Solomon Ndigbara in order to prepare ground for undermining the electoral franchise of the good people in the area which obviously favours one of their brightest lights, Senator Magnus Ngei Abe.” The APC stated that “without fear of contradiction that the issue of March 19 rerun election in Tai LG does not deserve to become the subject of controversy as being painted by the PDP and Gov. Wike. “It is to the knowledge of all that during the rerun elections, results were successfully collated in Tai and duly announced by the Returning Officers.
Revenue of the Tin Can Island Command of the
Nigeria Customs Service (NCS) again nose- dived
in its monthly collection from N17billion it
collected in March 2016 to N14billion for April
2016.
In a statement, Public Relations Officer of the
command, Mr. Chris Osunkwo noted that there
has been a steady drop in the command’s
revenue as a result of unfriendly government
policies which has made importers to desert the
command.
The breakdown of the commands’ revenue perfor
mance for 2016, indicated that N24,
858,625,588.00 was collected in January, N16,
856, 458, 800. 00 was collected in February, in
the month of March N17, 215, 979, 575.00 and
in April N14, 342, 974, 003. 00.
However, the cumulative figure according to the
statement, is lower than the recorded N221.6
billion revenues of the command in the first quar
ter of 2015.
Analysts have expressed worry to whether NCS
can meet its ambitious N1 trillion target for 2016
fiscal year.
Despite the misgivings, Comptroller General of
Customs, Hammed Ali, had in January identified
blocking of leakages, adoption of workable
strategies to improve the service activities at the
country’s borders as well as transparency and
compliance with the rule of law among men and
officials of the Service as key to meeting the 2016
revenue targets.
In the midst of a militant resurgence in the Niger Delta and a two-week ultimatum for oil companies to shut down operations, Exxon Mobil has reportedly declared force majeure on Qua Iboe crude after an accident the company said was not related to militant attacks.
On Thursday, Exxon said a subsea pipeline linking to Qua Iboe was damaged by a drilling rig. Then, early on Friday, unnamed traders cited by both Bloomberg and Reuters claimed that Exxon had declared force majeure on Qua Iboe crude deliveries.
Qua Iboe is Nigeria's largest crude stream. May should have seen some 337,000 barrels per day of Qua Iboe exported this month, according to Reuters.
Exxon has not independently confirmed these reports.
This latest incident adds to the growing amount of crude already offline in Nigeria due to the revival of Niger Delta militancy targeting the oil sector.
So far, according to Bloomberg, attacks have cut output by 600,000-1.4 million barrels per day.
On Wednesday, Royal Dutch Shell declared force majeure on its exports of Bonny Light crude. Shell has been forced to evacuate staff from its Eja OML 79 production facility.
On Monday, Nigerian officials said that Chevron had begun to evacuate staff from its facilities in the Niger Delta follow attacks on its assets. Several Chevron facilities, such as a platform and oil flow station, were attacked by militants last week.
On Thursday, militants vowed to attack Chevron again as the company attempts to repair damage.
Also on Thursday, the Niger Delta Avengers (NDA), the group behind the string of attacks, issued a threat to all oil companies in the region to shut down and leave or face stepped up attacks.
By Ameh Comrade Godwin on May 12, 2016@ dailypostngr
Majority Leader of the House of Representatives, Hon. Femi Gbajabiamila has called for a review of the minimum wage. He made the call following the deregulation of the petroleum downstream sector, which skyrocketed the pump price of fuel to N145 per litre. Gbajabiamila, who had fought relentlessly against efforts by past governments to remove petroleum subsidy, said though it was necessary to deregulate the petroleum sector to shield the country from economic problems, it was also necessary to raise the minimum wage in order to meet the rising cost of living in the country. He said, “There has to be a serious review of the minimum wage if you are going to increase the pump price of petrol because we all know everything rests on that. “Prices are going to skyrocket, from school fees to food, to transportation, to school uniforms and to books. Everything is going to go up because of mono economy. If we are going to do that, it is incumbent upon the government to take seriously the demands of labour. “Minimum wage needs to be reviewed; we cannot increase the cost of living and keep salaries where it is, they go hand in hand.” Gbajabiamila gave a vivid account of what transpired at the stakeholders’ meeting at the Villa on Wednesday. He said: “I was at the stakeholders; meeting with the Vice President Wednesday and other stakeholders before the decision was made. “The story that was painted, the details, the breakdown and the facts were scary. From what I read and what I saw, if we had continued that way we may not even have a country in two months time. “Salaries would not have been paid by any state. Faced with that, it puts me in a very difficult situation and serious dilemma as to which way to go. I have always on one hand fought against the removal of fuel subsidy but now, I am confronted with very scary details as to what will happen if they don’t deregulate. “The consequences will be very bad for me and you, so it is like being caught between the devil and the deep blue sea.” Gbajabiamila, however, said the Federal Government ought to have established refineries before removing the subsidy. “I believe that if God has given you natural product, the least we should do is to allow the people to benefit from that kind of product,” he said, adding that subsidy had dented the image of the country. “If subsidy is being abused, all we need to do is to block the holes of abuse and not to punish the whole of Nigerians for the abuse of a few people. “But having said that, I have always argued, why don’t you build a refinery first if at all you have to remove the subsidy. It is only in Nigeria that subsidy is given a bad name. “There is subsidy all over the world, in America agriculture is subsidized and in UK transportation is subsidized. It is only in Nigeria that they say subsidy is bad. So, why is it not bad in other countries? That’s what we need to look at.”