News
‘We have 1.9bn litres in stock’ — NNPC assures Nigerians of petrol supply after DSS ultimatum
The Nigerian National Petroleum Corporation Limited, (NNPC) Limited says it has 1.9 billion litres of petrol in stock as it assured Nigerians of steady supply to quell the lingering scarcity across the country.
NNPC said this at a meeting with the Department of State Services (DSS) and other stakeholders in the midstream and downstream oil sector on Thursday, according to a statement by Peter Afunanya, spokesperson for the secret service.
The DSS, during the meeting, issued a 48-hour ultimatum to the national oil company and marketers to resolve the ongoing petrol distribution crisis.
Responding to the ultimatum, Mele Kyari, NNPC’s group chief executive officer (GCEO), reaffirmed that the company “has in-country stock of PMS of over 1.9 billion litres, which is over 30 days sufficiency”.
Kyari, who was represented by Umar Ajiya, chief financial officer, NNPC, assured Nigerians of the availability of premium motor spirit (PMS), otherwise known as petrol.
NNPC also pledged that it “will continue to sell the PMS product, ex-coastal price agreed with the regulator to all marketers, especially the IPMAN members with a view to also providing depots specifically meant for their off-take in order to curtail the profiteering that they have been experiencing in some depots”.
“NNPC has also made procurement for the supply of similar volume from now till end of March 2023,” he said.
“We have also directed operation team to engage in 24 hours loading of PMS in the next couple of days and make sure some outlets operate 24hours without compromising security in order to bring quick relief to the people.”
Meanwhile, the participants at the meeting include: the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association of Nigeria (DPPMAN), Independent Petroleum Marketers of Nigeria (IPMAN), National Union of Petroleum and Natural Gas workers (NUPENG), National Association of Road Transport Owners (NARTO).
The associations, after the meeting, agreed to work together to clear the persistent petrol queues at filling stations nationwide, within the next 48 hours.
Speaking earlier, Farouk Ahmed, chief executive officer (CEO), NMDPRA, pledged to collaborate with the NNPC and all stakeholders in order to ensure that issues regarding supply of petroleum products are well addressed.
On his part, Femi Adewole, executive secretary, DAPPMAN, said the foreign exchange challenge confronted by depot owners was also discussed and efforts were on to address it.
“The challenges to marketers, especially depot owners, were explained and the meeting agreed and actually noted the forex component challenge and its input into our cost should in all ideal cases be recovered reasonably. That was agreed upon,” Adewole.
“We also agreed that based on the assurances of products given to marketers, provided by NNPC, we will ensure that, going forward, all depots work 24 hours based on the security risks appraised.
“We will work 24 hours to ensure that the queues in town are reduced. Our retail outlets, spread nationwide, will also ensure that they sell 24 hours based on our security situation appraised. I want to assure Nigerians that, going forward, they will be able to get fuel in filling stations without too much hitch or harassment.”
News
Ododo surrenders Yahaya Bello to EFCC
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Yahaya Bello, former governor of Kogi state.
TheCable understands that Usman Ododo, Kogi governor, brought Bello to Abuja this morning and invited EFCC to come pick him up.
The EFCC had charged the former governor with alleged money laundering, breach of trust, and misappropriation of N80.2 billion.
In April, the commission declared Bello wanted after several attempts to arrest him proved unsuccessful.
On August 20, the court of appeal in Abuja ordered Bello to surrender himself for arraignment.
Ola Olukoyede, EFCC chairman, would later allege that Bello withdrew $720,000 from Kogi coffers to pay his child’s school fees in advance.
The anti-graft agency also filed a 19-count charge against Bello over alleged money laundering.
However, the arraignment was stalled due to the absence of the former governor.
In May, Abdulwahab Mohammed, counsel to Bello, told the court that the former governor’s whereabouts remain unknown and that he was nurturing some safety concerns.
On August 20, the court of appeal in Abuja ordered Bello to surrender himself for arraignment.
Dele Oyewale, EFCC spokesperson, had said the court’s ruling was a “vindication” of the EFCC’s stance that Bello must face trial.
Sources had told TheCable that Bello has been hiding in plain sight — holed up in the “protective custody” of the Kogi state government — since he was declared wanted by the EFCC.
News
Tinubu writes reps, seeks Oluyede’s confirmation as COAS
President Bola Tinubu has asked the house of representatives to confirm Olufemi Oluyede as the substantive chief of army staff (COAS).
Tinubu’s request is contained in a letter read by Tajudeen Abbas, speaker of the house of representatives, during plenary on Tuesday.
Tinubu said Oluyede’s confirmation is in accordance with the provision of section 218(2) of the 1999 constitution as amended and section 18(1) of the Armed Forces Act.
The president said the army chief’s contribution to the military and Nigeria makes him “well-suited” for the role.
He said Oluyede has been professional in his duties, adding that his confirmation should be done “expeditiously”.
On October 30, Tinubu appointed Oluyede as the acting COAS following the prolonged illness of Taoreed Lagbaja, the former army chief.
News
Governor Nwifuru suspends health, housing commissioners
The Ebonyi State Governor, Francis Nwifuru, has suspended the state Commissioner for Health, Dr. Moses Ekuma and his Housing and Urban Development counterpart, Francis Ori.
It was gathered that they were suspended on Monday during the State Executive Council meeting in Abakaliki, the state capital.
A statement issued by the Commissioner for Information and State Orientation, Jude Okpor, which was sighted by our correspondent on Tuesday morning, read, “Following cases of gross misconduct and dereliction of duties by some government officials and matters related thereto, the Chairman of Council directed the indefinite suspension of the Honourable Commissioner for Housing and Urban Development and three months suspension of the Honourable Commissioner for Health respectively.”
It was also learnt that the development may be connected to the alleged theft of pieces of property belonging to the Ministry of Health by its officials and the reported underperformance of the Housing and Urban Development commissioner and his shoddy handling of the Amaeze Housing Scheme in the Ishielu Local Government Area of the state.
Recall that the governor was in the health ministry’s premises on Saturday night and met a scene where six officials were caught allegedly diverting government materials.
He, therefore, ordered their arrest and eventual prosecution.
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