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TravelRe: Fourth Mainland Bridge Construction Begins First Quarter 2024 — Sanwo-olu by Paraman: 4:05pm On Jan 25, 2024
yemmight:
This is not a Governor from the East.
So because I said this is not the first time we will be told the construction is about to start, an automatically from the east be that?
PoliticsRe: Ogun Assembly Crisis: Abiodun, APC To Intervene, Call For Restraint by Paraman: 3:13pm On Jan 25, 2024
Is there still a need for this intervention?
CareerRe: I Collected $30m For Helping Gov’t Recover $300m – Afe Babalola by Paraman: 3:12pm On Jan 25, 2024
Agba lawyer. Hard work and grace, brutal combination
PoliticsFalana Withdraws Suit Challenging Polaris Bank Sale by Paraman(op): 3:06pm On Jan 25, 2024
The Federal High Court in Lagos on Wednesday dismissed a suit filed by human rights lawyer, Femi Falana (SAN), challenging the sale of Polaris Bank.

Justice Lewis Allagoa dismissed the suit following an application filed by Falana, who was the plaintiff in the matter, seeking to discontinue the suit.

Falana had filed the suit marked HC/l/CS/87c/23 against the Central Bank of Nigeria and Polaris Bank Nigeria Ltd.

In his originating summons, he asked the court to determine “whether, by the provisions of Section 42(2) of the Banks and Other Financial Institutions Act 2020, and Public Procurement Act, 2007, the CBN could validly sell Polaris Bank for N50bn having earlier revitalised same for N1.3tn.”

He also sought a declaration that the purported sale of Polaris Bank by the CBN on October 19, 2022, was illegal and violates the Public Procurement Act, 2007; and the provisions of the Banks and Other Related Institutions Act 2020.

At the resumed hearing of the matter on Wednesday, Falana announced an appearance for himself; while Augustine Okafor appeared for the CBN and Olabisi Makanjuola for Polaris Bank.

Falana informed the court that he was discontinuing the suit following the takeover of Polaris Bank by the Federal Government.


According to him, the Federal Government, having found that the sale of the bank was illegal, had decided to take over the bank.

In response, the CBN’s lawyer, Makanjuola, said since the parties had already joined issues, the court should dismiss the suit rather than strike it out.

Our correspondent reports that a suit that is struck out can be refiled, while one dismissed cannot be refiled.

The CBN’s lawyer also contended that Falana had yet to pay the N200,000 awarded against him by the court at the last hearing.

In his response, Falana said the defence counsel should rather thank him for opting to withdraw the suit.

After listening to the lawyer, Justice Allagoa said Falana would not be punished because he filed the suit in the interest of the public.

The judge subsequently dismissed the suit.



https://www.google.com/amp/s/punchng.com/falana-withdraws-suit-challenging-polaris-bank-sale/%3famp
PoliticsNNPCL Privatises Pipelines Rehabilitation, Builds PH Refinery Storage by Paraman(op): 2:16pm On Jan 25, 2024
The Nigerian National Petroleum Company Limited has constructed a 150 million litres storage facility for the Port Harcourt Refining Company ahead of full operations of the plants, the company stated on Wednesday.

It said the storage facility was constructed in Atlas Cove, adding that the company had signed Build, Operate and Transfer agreements for the rehabilitation of pipelines and storage facilities nationwide.

The Atlas Cove Jetty is a major installation of NNPCL for receipt and distribution of petroleum products to the western part of Nigeria and is located within the precincts of Tarkwa Bay in Lagos State.

The national oil company further revealed in a documentary made available to our correspondent that its retail arm distributed about 14 billion litres of white products in 2023.

White products include Premium Motor Spirit, popularly called petrol; Automotive Gas Oil or diesel; and Dual Purpose Kerosene, otherwise referred to as Kerosene.

The company further stated that an aviation arm had been created that would supply fuel to three international carriers, adding that more airlines would be served in due course.

Outlining its strides in the downstream sector in 2023, the company stated that “the directorate overseeing trading, shipping, refining and retail witnessed extraordinary achievements.”


It added that from concluding crude oil swap arrangements to achieving mechanical completion of the Port Harcourt refinery, NNPC Ltd’s downstream sector marked 2023 with triumphs.

The firm said, “A major breakthrough unfolded with the mechanical completion of the Port Harcourt refinery. As operations gradually pick up, efforts are on the way to ensure that the new Port Port Harcourt refinery, Kaduna and Warri refineries follow suit.”

It stated that key infrastructures were being put in place ahead of full operations of the Port Harcourt refinery.

“Ahead of full operations, NNPC Ltd has put in place 150 million litres fully automated storage capacity at Atlas Cove. NNPC Ltd also inked Build, Operate and Transfer agreements for the rehabilitation of pipelines and storage facilities across Nigeria,” the company stated.


In the documentary, the Managing Director, Port Harcourt refinery, Ibrahim Onoja, said, “The rehabilitation is so structured. It is based on a very firm foundation that we knew from the beginning that it will deliver. We started this process by setting up a governance process to ensure that the rehabilitation is a success.”

On December 21, 2023, the Federal Government announced the mechanical completion of rehabilitation work on the Area-5 Plant of the Port Harcourt Refining Company in Rivers State.

It stated at the time that the first phase of the plant had been completed, as the facility would start refining 60,000 barrels of crude oil daily after the 2023 Christmas break.

The Port Harcourt Refinery, situated in Nigeria’s oil-rich Niger Delta region, has been in operation since 1965. The Alesa Eleme refinery complex is situated in Rivers State, Nigeria, approximately 25km east of Port Harcourt.

The Federal Government approved a $1.5bn budget for the renovation and modernisation of the refinery complex in March 2021.

The NNPCL, early this month, stated that it had commenced the supply of crude oil to the Port Harcourt refinery to test-run it, as it also stated that it was seeking to engage reputable and credible operations and maintenance companies to operate and maintain the plant.

Meanwhile, in its documentary on Wednesday, the NNPCL stated that its downstream retail arm distributed 14 billion litres of fuel last year, adding that the company was making inroads into the supply of aviation fuel.

“Powering its way through, NNPC Ltd’s Retail arm, with the largest network in Nigeria, distributed over 14 billion litres of white products in 2023. Its 900 retail outlets played a pivotal role in achieving this feat,” the oil company stated.

On JetA1 or aviation fuel supply, the firm said, “To expand its operations, NNPC Retail has rebranded its aviation services. With the birth of NNPC Aviation, the company will be supplying fuel to various airlines, including British Airways, Qatar and Air Morocco, with more partnerships in the horrison.”

NNPCL is currently the sole importer of refined petroleum products into Nigeria. The Port Harcourt refinery and Dangote refinery are expected to start releasing refined products into the market soon.



https://www.google.com/amp/s/punchng.com/nnpcl-privatises-pipelines-rehabilitation-builds-ph-refinery-storage/%3famp
HealthRe: Governor Sanwo-Olu Commissions Iwosan-Lagoon Hospial On Victoria Island. by Paraman: 2:07pm On Jan 25, 2024
Lagos state, the best state in Nigeria and one of th best state in Africa and the world.
TravelRe: Fourth Mainland Bridge Construction Begins First Quarter 2024 — Sanwo-olu by Paraman: 1:51pm On Jan 25, 2024
This is not the first time or the first governor to say this

I will only believe when the construction start. Value of land and properties will shoot up in the ikorodu axis once the construction start.
PoliticsRe: Nasarawa Supreme Court judgement: 38 Protesters Granted Bail by Paraman: 1:47pm On Jan 25, 2024
nairavsdollars:
The people voted for Ombugadu, not that rogue called Sule. They should keep protesting
Nobody is protesting again in Nassarawa state. The losers have accept reality
TravelRe: How Air Peace Is Dominating The West African Aviation Market by Paraman: 10:59am On Jan 25, 2024
Air peace and Akwa Ibom air are both doing a good job.
PoliticsRe: See Osisioma, Aba Section Of The 8lanes Road Been Constructed By FG. by Paraman: 10:39am On Jan 25, 2024
Opintiwa:
Just look at , he wants to cry .

Bola the cocaine lizard must not be worship for approving contracts on his desk with pen .

Cry
k
PoliticsRe: See Osisioma, Aba Section Of The 8lanes Road Been Constructed By FG. by Paraman: 10:38am On Jan 25, 2024
jmoore:
Onitsha Owerri road was dualized by Tinubu many years ago?
Are you talking about the onitsha Owerri highway below abi which one?

PoliticsRe: See Osisioma, Aba Section Of The 8lanes Road Been Constructed By FG. by Paraman: 10:36am On Jan 25, 2024
Opintiwa:
Same way your evil party lied GEJ never started the 2nd Niger bridge but just drawing.

OGA go and ebi npa wa ooo
k
PoliticsRe: See Osisioma, Aba Section Of The 8lanes Road Been Constructed By FG. by Paraman: 10:35am On Jan 25, 2024
Opintiwa:
Sharap.

And if it's FG under who's government?

The government of Alex otti


If e pain you scream.
I thought I was even quoting a reasonable person
PoliticsRe: See Osisioma, Aba Section Of The 8lanes Road Been Constructed By FG. by Paraman: 10:34am On Jan 25, 2024
Opintiwa:
Obj constructed the Lagos -Onitsha -benin-ibadan you ply today
Let that sink in
Even Obj himself can't say what you're saying grin
PoliticsRe: See Osisioma, Aba Section Of The 8lanes Road Been Constructed By FG. by Paraman: 10:30am On Jan 25, 2024
Some will still choose to hail OBJ and GEJ that failed to rehabilitate this road in 14 years.
PoliticsTinubu Backs Mastercard’s Plan To Create Millions Of Jobs For Nigerians by Paraman(op): 9:55am On Jan 25, 2024
President Bola Tinubu on Wednesday said Nigerian youths are vibrant, talented, eager to learn and ready to compete globally.

Therefore, his administration will strongly support public-private partnerships aimed at creating dignified work and employment opportunities for them.

“God has blessed Nigeria with a vibrant youth population, ready to learn, and capable of competing in the global economy of the 21st century. Leadership is what is necessary,” Tinubu told the President and Chief Executive Officer of Mastercard Foundation, Ms. Reeta Roy, who paid him a courtesy visit at the Aso Rock Villa on Wednesday.

Special Adviser to the President on Media and Publicity, Ajuri Ngelale, revealed this in a statement he signed on Wednesday titled ‘President Tinubu to Mastercard Foundation: Nigerian youths are talented, ready to learn and can compete globally.’

Tinubu commended Mastercard Foundation’s initiative which plans to create 10 million jobs for young people in Nigeria, noting that the programme aligns with his Renewed Hope Agenda for economic development and job creation.

”We believe in what you are doing. We are determined to run an inclusive government and change the dynamics and perception of this country.

“Nigeria is the largest economy in Africa and, as such, must take its leadership of this continent very seriously. We must give hope and assurance to our teeming youth population.

”The incubation is growing, and we are earning a good reputation, and we will continue to do that across sectors of the economy in order to achieve sustainable growth,” the President said.

He also welcomed Mastercard Foundation’s emphasis on digitisation, recognising the role of technology as a potent and indispensable tool against corruption.

Tinubu declared, “We are ready to work with you and remove all impediments, and we have assembled a great team to work with you.

“The hope of the youth must be built on a solid foundation of sustainable growth and prosperity. We are working with other partners, and we assure you of our robust and focused collaboration.”

Meanwhile, the Coordinating Minister of Health and Social Welfare, Dr. Muhammad Pate noted the wide-reaching impact of the Mastercard Foundation across Africa and its proven capacity to change the fortunes of human capital development in Nigeria.

“This is an institution that holds assets worth more than $40bn and they are prudent in ensuring that their resources are applied digitally and in a way that reaches their target beneficiaries directly.


“Mr. President’s strong commitment to reforming social intervention and health service delivery in Nigeria will be greatly boosted through this partnership,” the Coordinating Minister of Health and Social Welfare stated.

Mastercard Foundation CEO, Roy informed the President that the Foundation’s focus on education and financial inclusion in Africa, particularly in Nigeria, will impact 30 million young Africans by 2030.

She reported progress on the Foundation’s 10 million target for Nigeria, stating that 2.1 million young people trained under the ‘Young Africa Work Strategy’ are already engaged in dignified work.

More so, Roy said no fewer than seven million people have undergone programmes classified as work enablers, including skill acquisition, education, access to financial tools, networks, or linkages into opportunities.

“We are still on a journey and have more work to do. We are excited about looking at a whole new frontier, and that is in the healthcare sector.

“While we may not historically be a health organisation or health foundation, we are looking at that sector as part of a vibrant economic landscape ripe with opportunities for young people and our focus will be on workforce development,” she said.

She thanked the President for placing young people and healthcare at the heart of his economic growth agenda across multiple sectors.

“appreciate your contributions to the health sector.

“I know there are many things that require your time, but I am really grateful and very much encouraged to see that healthcare and education are also critical parts of the way forward.

“We hope that you find in us a partner that is steadfast, open, and ready to learn,” she said.

Established in 2006, Mastercard Foundation is an international non-governmental organisation established by the payment-technology giant, Mastercard.

The Toronto-based organisation, which has supported work in 49 countries, shifted its focus to Africa, through its Young Africa Works strategy in 2018.

Ms Roy has served as its CEO since 2008.

https://punchng.com/nigerian-youths-ready-to-compete-globally-tinubu/?amp
FoodRe: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Paraman: 8:45am On Jan 25, 2024
President Tinubu should let rice be imported through the land boders
PoliticsRe: Afenifere Annuls Adebanjo’s Acting Leader Role, Elders Caucus Emerges by Paraman(op): 8:20am On Jan 25, 2024
ClearFlair:
Pa Adebanjo is the leader we know
He was made the acting leader, but the position has now been scraped.
PoliticsRe: CBN & FAAN Relo: Has The President Buckled Again? by Paraman: 8:11am On Jan 25, 2024
Validated:
Oha, where are they in Lagos? Where is the DG of FAAN office located?
They are in CBN branches all over Nigeria, go and make your research, no be by wailing online.

FAAN has been moved to Lagos too, all this your crying and tears online can't change reality
PoliticsAfenifere Annuls Adebanjo’s Acting Leader Role, Elders Caucus Emerges by Paraman(op): 7:32am On Jan 25, 2024
The pan-Yoruba socio-political organisation, Afenifere on Wednesday, annulled the office of the acting leader of the group being occupied by Pa Ayo Adebanjo.

Afenifere, which appointed Adebanjo as the acting leader of the group in 2022, said the position had been abrogated, adding that another group named as Afenifere Elders Caucus has been formed.

However, Adebanjo is also a member of the new group.

This was contained in a communique issued at the end of the monthly meeting of the group held at the residence of the National Leader of the association, Pa Reuben Fasoranti on Wednesday. The communique was read by the Publicity Secretary of Afenifere, Mr Jare Ajayi.

The communique partly read, “In the light of recent events and the pressing need to reposition and rejuvenate Afenifere, it has been decided that the position of acting leader and deputy leader have now been abrogated.

“The responsibilities and authority of advising the leader of Afenifere and Asiwaju Yoruba are now vested in the Afenifere Elders Caucus which is hereby constituted.”

According to the communique, Fasoranti is the chairman of the elders’ caucus while some of the members of the group include Adebanjo, Olu Falae, Senator Cornelius Adebayo, Senator Femi Okunrounmu, Seinde Arogbofa, Senator Kofo Bucknor-Akerele, Prince Ladigbolu, Lt. Gen Alani, Akinrinade (Rtd.), Maj. Gen. Olu Bajowa (Rtd.), Prof. Bolaji Akinyemi, and Prof. Banji Akintoye, amongst others.

At the meeting, the group also expressed its displeasure over the state of the nation with particular reference to the socio-economic and security challenges in the country, saying it was time to restructure the country.

“There is an urgent need to rework the security architecture of the country to ensure that Nigerians are able to live and move about without the fear of being kidnapped or harassed in any way. Such reworking should include giving states and local government councils that so desire to establish their own police services with all the requisite powers to function as such. Doing so would check if not totally stop, the incidences of kidnapping and sundry banditry now ravaging the land.

“The unfortunate blast in Ibadan clearly underscores the need to allow the federating units in the country to control mineral resources in their respective areas with particular reference to mining and exploration.


“The reasoning behind this was that had it been that states were in control of mining, for instance, the Oyo State Government was likely to know how explosives were being moved around. Such would have made last week’s horrendous blast that claimed many lives, traumatised hundreds of people, and destroyed properties running into billions of naira would have been prevented.”

While reiterating that it is time for a restructuring of the country, the Afenifere urged President Bola Tinubu to set the machinery in motion for the purpose.

“The organisation (Afenifere) took note of the fact that the President, a known democrat and federalist would not hesitate to do things that would quicken the country’s quest for true federalism in which people would have self-determination within the context of one nation that is genuinely democratic and federal,” the group noted.

The crack in the group became clear ahead of the 2023 presidential election when Fasoranti and his loyalists supported President Bola Tinubu while Adebanjo endorsed Peter Obi of the Labour Party.

Adebanjo has been faced with calls to vacate the seat of the group’s acting leader majorly for opposing Tinubu’s election.

While Fasoranti congratulated the President on his election, Adebanjo didn’t share the same view.

Reacting, a group of youths, under the aegis of Yoruba Afenifere Youths Organisation of Nigeria, on April 4, 2023, passed a vote of no confidence in Adebanjo.

The group advised him to “kindly step down as the acting leader of Afenifere in the interest of the organisation and the entire Yoruba race.”

The group said that Afenifere has been derailing since Adebanjo became the acting leader because he allegedly abandoned the uncompromising pursuit and defence of the interest of the Yoruba people, as evident in his vigorous campaign against Tinubu; a fellow Yoruba man.

Two weeks later, the same youth group stormed the residence of Fasoranti, imploring him to order Adebanjo to vacate the seat of Afenifere’s acting leader.
https://punchng.com/afenifere-scraps-positions-of-acting-leader-deputy/?amp

PoliticsRe: CBN & FAAN Relo: Has The President Buckled Again? by Paraman: 7:00am On Jan 25, 2024
tollyboy5:
I see the pattern of their comments on here.
Some think their comment holds water.
It is Lagos that is leading Nigeria economically and it is Lagosians that are ruling the country now.

Whoever is not please can relocate Ghana. All these conspiracy nonsense don't move Lagosians, we voted obi last election and since then we've moved on.

No one dares Lagos or Lagosians, now that it's our turn, let everyone sit their azz down and learn or get lost.
Obidients are petty people
PoliticsRe: CBN & FAAN Relo: Has The President Buckled Again? by Paraman:
Validated:
President Tinubu's plans to move FAAN and some strategic departments of CBN to Lagos may never happen afterall.
Why people like you are wailing online, the HQ of FAAN is now back in Lagos and some staffs of CBN has been moved from the HQ in Abuja to other branches in Nigeria.
PoliticsRe: Igbo, Not Ijaw Are The Owners Of Governor Fubara Of Rivers State by Paraman: 6:25am On Jan 25, 2024
paramakina202:
bo

King Jaja of Opobo's children whom we all that have Igbo blood flowing in their vains will also claim Ijaw to the born for political expediency.
Sim Fubara is an Ijaw man to the bone, he said it himself, any other thing you dey talk no hold any water.

Fubara is an Ijaw man, Opobo is ijaw town. Nobody has come out to challenge Fubara since he made the claim.
PoliticsRe: Igbo, Not Ijaw Are The Owners Of Governor Fubara Of Rivers State by Paraman: 10:15pm On Jan 24, 2024
paramakina202:
The reason I said he have aligned himself with Ijaw does not mean his dna is Ijaw.But he should be left alone to do his thing without been distracted with ethnic stuff.Politics aside he knows who he is.
Forget what he says people often says what will favour them depending on the circumstances.
When he met with Igbos in Rivers state he also identified with them.
Fubara is Ijaw to the bone. He said so himself.
PoliticsRe: Igbo, Not Ijaw Are The Owners Of Governor Fubara Of Rivers State by Paraman: 9:17pm On Jan 24, 2024
OPICANTO2223:
Another owamberian creating divisive narrative. Owamberians please concentrate on skull and human organ mining for rituals, lying and hypocrisy. That your calling
Keep on lying to yourself
PoliticsRe: Igbo, Not Ijaw Are The Owners Of Governor Fubara Of Rivers State by Paraman: 9:11pm On Jan 24, 2024
paramakina202:
They are Ijaw by political association and Igbo by blood.
Fubara have aligned himself politically with Ijaw let him be.
Fubara said he's Ijaw to th bone. Don't misquote him
PoliticsRe: Igbo, Not Ijaw Are The Owners Of Governor Fubara Of Rivers State by Paraman: 9:04pm On Jan 24, 2024
kingsways:
I really do not know what is wrong with some people

Opobo where the man comes from is clearly Igbo. Don’t believe me, just go there and listen to their language
Why should we believe you instead of the governor who called himself an Ijaw to th bone?

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