Paraman's Posts
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yemmight: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? |
Is there still a need for this intervention? |
Agba lawyer. Hard work and grace, brutal combination |
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 |
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 |
Lagos state, the best state in Nigeria and one of th best state in Africa and the world. |
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. |
nairavsdollars:Nobody is protesting again in Nassarawa state. The losers have accept reality |
Air peace and Akwa Ibom air are both doing a good job. |
Opintiwa:k |
jmoore:Are you talking about the onitsha Owerri highway below abi which one?
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Opintiwa:k |
Opintiwa:I thought I was even quoting a reasonable person |
Opintiwa:Even Obj himself can't say what you're saying ![]() |
Some will still choose to hail OBJ and GEJ that failed to rehabilitate this road in 14 years. |
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 |
President Tinubu should let rice be imported through the land boders |
ClearFlair:He was made the acting leader, but the position has now been scraped. |
Validated: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 |
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.https://punchng.com/afenifere-scraps-positions-of-acting-leader-deputy/?amp
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tollyboy5:Obidients are petty people |
Validated: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. |
paramakina202: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. |
paramakina202:Fubara is Ijaw to the bone. He said so himself. |
OPICANTO2223:Keep on lying to yourself |
paramakina202:Fubara said he's Ijaw to th bone. Don't misquote him |
kingsways:Why should we believe you instead of the governor who called himself an Ijaw to th bone? |
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