News
Our Decision Was Deliberate, NNPCL To Dangote Over Equity Stake
By Kayode Sanni-Arewa
The Nigerian National Petroleum Company Limited (NNPCL) has replied Aliko Dangote, over his statement that the NNPC’s equity in the Dangote over $20bn refinery is now 7.5 per cent as against 20 per cent being widely believed.
A statement by the company’s Chief Corporate Communications Officer, Femi Soneye, on Sunday, said its decision to reduce its investment in the refinery was well thought out.
It said, “Several months ago, we made a commercial decision to cap our investment at the amount already paid. This decision was taken by NNPC Ltd and has no impact on our business.”
“NNPC Limited periodically assesses its investment portfolio to ensure alignment with the company’s strategic goals,” said a spokesman for the company.
“The decision to cap its equity participation at the paid-up sum was made and communicated to Dangote Refinery several months ago,
Dangote had on Sunday, said NNPCL no longer owns a 20 per cent stake in the Dangote Petroleum Refinery.
Speaking during a press briefing at the refinery on Sunday, Dangote said NNPCL now owns 7.2 per cent of the refinery over failure to pay the balance of their share, which was due in June.
According to Aliko Dangote, NNPC’s stake dropped to 7.2 per cent over the company’s failure to pay the balance of its share, which was due in June. The 20 per cent interest in the $20bn Dangote refinery is valued at $2.76 billion.
“NNPC no longer owns a 20 per cent stake in the Dangote refinery. They were met to pay their balance in June, but have yet to fulfil the obligations. Now, they only own a 7.2% stake in the refinery,” Dangote said
Last December, Dangote commenced operations at his $20bn facility in Lagos with 350,000 barrels a day. The refinery hopes to achieve its full capacity of 650,000 barrels per day by the end of the year. The refinery has begun the supply of diesel and aviation fuel to marketers in the country while petrol supply is expected to commence in August.
The controversy comes as Nigerians have hoped the start of Premium Motor Spirit or petrol refining at the facility, would help Nigeria cut down on petrol importation, thereby reducing the local price of the product.
However, Dangote had expressed frustration about getting Nigerian crude for his facility. A Bloomberg report said the Lagos-based refinery bought about 24 million barrels of crude from the United States.
While responding to the importation of crude oil by Dangote, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, had in May, said the decision by the Lagos-based refinery to import US crude could be based on its business model.
However, Dangote disclosed on Sunday, that his refinery would roll out petrol from August 2024, having resolved its crude oil supply issues with the NNPCL and the Federal Government.
News
Genotype incompatibility: Bauchi couple cancels wedding days to ceremony
A Bauchi State resident, Muhammad Ibrahim, has cancelled his wedding ceremony after medical tests revealed he is not genetically compatible with his fiancée, Fatima Abdulqadir.
In a Facebook post shared on November 21, 2024, Ibrahim announced the decision to call off the wedding, which was scheduled for November 29, 2024.
He explained that both he and his fiancée were AS genotype carriers, posing a significant risk of having children with sickle cell disease.
Ibrahim, a Zoology graduate from Bauchi State University, disclosed that they discovered this only last month after undergoing tests at two separate hospitals to confirm the results.
Saturday PUNCH gathered that the couple had been in a three-year relationship but had not prioritised genotype testing, assuming there would be no issues.
In the Facebook post, Ibrahim wrote, “Dear friends and family, it’s with an incredibly heavy heart that I regretfully announce the cancellation of my upcoming wedding.
“Due to unforeseen genetic compatibility issues, my partner and I have made the difficult decision to go our separate ways.”
He described the news as a “devastating shock”, adding that their inability to proceed with the wedding had left him heartbroken.
Ibrahim in a chat said some family members encouraged him and his fiancée to proceed with their plans, but they declined.
He noted that the decision was made out of concern for potential health risks associated with having children who might inherit the sickle cell gene.
Meanwhile, the couple’s decision drew sympathy from their social media friends, with many commending their courage.
Ibrahim concluded his post by asking for prayers and understanding during what he described as a “dark hour.”
“It’s for the unborn children not to suffer,” one commenter wrote.
Another added, “This is a wake-up call for everyone to prioritise genotype testing early in relationships.”
News
Angry mob sets two revenue collectors ablaze in Anambra
By Kayode Sanni-Arewa
An angry mob has reportedly set ablaze two yet-to-be-identified revenue collectors of the Anambra State Government for causing a tipper driver to ram and kill a bystander at the Old Market Road along Venn Road by Egerton Bus Stop in Onitsha, Anambra State.
The incident, which occurred on Friday, caused confusion, thereby leading to gridlock in the area.
Eyewitnesses near the scene said the tipper driver lost control of the vehicle and rammed into the bystander as the revenue touts were dragging the steering of the vehicle with him.
According to sources, the revenue collectors were chasing the tipper driver over a payment they wanted him to make before he rammed into the man.
One of the sources said, “There was chaos in Onitsha as an angry mob set ablaze about two revenue touts, while four others were lucky as they managed to escape. The revenue collectors, numbering about six were chasing the tipper driver over a certain amount they asked him to pay.
“As they were chasing him, some of them were dragging the steering with him, but unfortunately, in the process, the tipper driver lost control and rammed into a passerby, killing him instantly.
“Immediately, the revenue collectors saw the damage they had caused; they tried to flee the scene, but the Onitsha mob got angry and descended on them, setting ablaze two of them instantly while four of them managed to escape.
“This is one death too many that has been going on in Anambra in the last two years. The person who the tipper driver rammed into was a known person. We cannot continue like this anymore. These revenue touts of the state government have killed more Ndi Anambra than non-state actors.”
Another source and a trader in the area also said, “Onitsha was hot this morning at Egerton by Old Market Road. Revenuemen were dragging steering with a tipper driver because he refused to bribe them, and in the process, the vehicle ran over an innocent man.
“Then, seeing the result of their stupid action, they tried to run away. But the angry people chased and caught two of them and set them on fire.”
The videos of the incident showing the burnt corpses of the revenue collectors have been making the rounds on social media to corroborate the story.
The Chairman of the association, Ebuka Unekwe, who also confirmed the development, lamented that the revenue collectors have been a pain on the neck of tipper drivers in the last two years.
When contacted on the development, on Saturday, the Anambra State Police Command’s spokesman, SP Tochukwu Ikenga, confirmed the development, saying the police have responded swiftly to bring the situation under control.
He said, “Anambra Police responded swiftly on the receipt of the fatal accident that happened within that area.
“We are already working with the relevant authorities to ascertain what happened and find an amicable solution to such, especially on future occurrences.
News
Igbos to boycott Arise TV over Abati’s uncouth statement
The Indigenous People of Biafra lawyer, Ifeanyi Ejiofor, has called on Ndigbo to boycott Arise TV until its anchor, Reuben Abati, tenders an unreserved apology.
The former Special Adviser on Media and Publicity to former President Goodluck Jonathan, Reuben Abati, recounted during a morning programme how a former minister could not buy land for his wife in Igbo land.
Abati’s statement that Ndigbo does not sell land to non-indigenes generated condemnation from the people of the South East region.
Most X users of Igbo extraction accused Abati of committing ethnic bigotry against the group.
In reaction on Friday, on his X handle, Ejiofor alleged that he had previously taken on the former presidential spokesman for his alleged anti-Igbo statement.
“When I confronted Abati frontally on a live television interview (TheMorningShow) a few years back about his deep-rooted hatred for Igbos and our struggle for freedom from enslavement within Nigeria’s political arrangement, I was fully seized of the disturbing facts of his ethnic bigotry. It is inborn in him; thank God he could not hide it any longer,” he narrated.
The IPOB lawyer demanded Arise TV’s owner, Nduka Obaigbena, mandate Abati to apologize to Ndigbo. He called on South East indigenes to boycott the station if Abati failed to tender a public apology.
“Reuben Abati must tender an unreserved public apology to Ndi Igbo, but if Nduka Obaigbena condones his anti-Igbo sentiment (Igbophobia), then, this should be a convenient point for Igbos to boycott, in its totality, the promoting of all programmes on Arise TV platforms,” Ejiofor stated.
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