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FG denies seizure of $21m by US court

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By Francesca Hangeior

The Federal Government has described as inaccurate reports alleging that a United States
District Court authorized a certain Louis E. Williams to seize $21m from Nigeria’s account with JP Morgan.

Speaking through the Attorney-General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi, the Federal Government said at no time did the US Court make such an order, adding that the court only dismissed Nigeria’s preliminary objection to the complaint’s suit.

The AGF said the ministry launched a defence against the claimant, Williams, and assured Nigerians of a positive outcome.

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The statement reads in parts, “we wish to note from the report follows similarly inaccurate publications by Peoples Gazette on 21 August 2023 under the cover: “UK Court authorizes SSS victim Williams Emovbira to seize $21 million from CBN account with JP Morgan in New York.

“None of the media outlets that syndicated the story sought the reaction of the Nigerian government. Indeed, the Ministry challenges these media outlets to publish a copy of the US Court order authorizing the said seizure.

“The Ministry hereby clarifies that at no time did the US District Court authorize the seizure of funds belonging to the Nigerian Government in the custody of JP Morgan. The court only refused Nigeria’s preliminary motion to dismiss the complaint against her on ground of sovereign immunity.

“The implication of the decision rendered on 12 August 2024 is that the case would now proceed to substantive hearing on the merit wherein parties are required to present evidence and legal submissions in support of their case before the court will issue a final decision.

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“It is pertinent to state that Nigeria has filed an appeal against the interlocutory decision in issue. Nigeria has launched robust legal defences/challenges in the UK and US courts against Williams’ claims, including by launching proceedings against him for fraud and therefore remains quite confident and optimistic that his attempts to strong arm the Nigerian government will come to naught.” the Federal Government said.

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Tinubu Approves Fresh Appointment Amid Cabinet Reshuffle Plan

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President Bola Tinubu, on Thursday, reappointed Bitrus Chinoko as the Director General of the Centre for Management Development (CMD).

According to reports, the appointment was disclosed by the Minister for Budget and Economic Planning, Sen. Abubakar Bagudu in a letter dated Aug. 28.

“Further to your letter, CMD/DGO/ABJ/02/2024, I am pleased to inform you that His Excellency Bola Ahmed Tinubu, GCFR, President, Federal Republic of Nigeria has approved your re-appointment as Director General, Centre for Management Development, for a second term with immediate effect,” the letter read.

It should be recalled that former President Muhammadu Buhari confirmed the appointment of Chinoko as substantive CMD DG on April 28, 2020.

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The appointment is for a final term of four years.

Chinoko took over from Dr Kabir Usman, whose two terms of four years each, ended at the time.

Meanwhile, NewsPOnline Nigeria reports that his appointment is coming at a time when the presidency has confirmed that a cabinet reshuffle is on the horizon, with indications that up to 11 ministers could soon be relieved of their positions.

This development was shared during a media briefing at the Presidential Villa in Abuja by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

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Joining Onanuga at the briefing, O’tega Ogra, Senior Special Assistant to the President on Digital and New Media, did not provide a specific timeline for the reshuffle but hinted that an announcement could be made later this week.

Insiders who spoke with the Guardian noted that the long-anticipated changes were postponed following the conclusion of the Federal Executive Council (FEC) meeting on Monday.

“It’s true President Bola Tinubu has plans to reshuffle his cabinet, but I can’t say specifically whether that will be done before the Independence celebration on October 1,” Onanuga stated, emphasizing that the President initially appointed his ministers in August of last year.

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FG To Toll Lagos-Ibadan Expressway, Second Niger Bridge, Others

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Minister of Works, Dave Umahi, says the Federal Government will toll all major roads in the country upon completion of construction and renovation.

“We have the Lagos-Ibadan (Expressway), we are completing it and we are tolling it,” Umahi said on Thursday in Abuja at an Inter-Ministerial Press Briefing, part of activities to mark Nigeria’s 64th independence anniversary.

He listed some of the roads as Lagos-Ibadan Expressway, Second Niger Bridge, Abuja-Kano Road, and Makurdi-9th Mile, among others.

The former Ebonyi State governor said the tolling of federal roads “is going to bring a lot of money to the Federal Government”.

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Umahi said private sector members have been engaged “to bring in funds, construct these roads, work with the Infrastructure Concession Regulatory Commission and the Ministry of Works to toll these roads”.

The minister said the government would start with the Keffi-Makurdi Road that has been completed, stating that his ministry has been engaging with the Ministry of Finance for a paperless mode of payment.

He said, “For example, we are completing the Lagos-Ibadan, we are working on Makurdi to 9th Mile in Enugu State, we are working from Abuja to Lagos. These roads are going to be tolled. But we are not just tolling them, we are bringing confidence in the use of these roads.

“If people can travel at night because we are bringing security, where the response time will be 10 minutes on the entire corridor, where you have solar light permanently there and then reduce travel time, and through the tolling, the roads are maintained, then, there will be confidence because Nigerians will pay if the roads are good.”

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He said before now, road developments have not been handled as investments but the administration of President Bola Tinubu has been handling road developments more professionally.

He said the present administration inherited a total of 300 damaged roads and bridges, adding that more road constructions would commence from October 1, 2024, across the six geopolitical zones of the country.

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Reps Urge NNPCL, Dangote Refinery to Allow Independent Marketers Lift Petrol

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By Gloria Ikibah
The House of Representatives has called on the Federal Government to direct the Nigerian National Petroleum Corporation Limited (NNPCL) and Dangote Refinery to allow independent marketers to begin lifting petrol from the new refinery.
This decision followed a motion by Rep. Oboku Oforji, who represents Yenagoa/Opokuma Federal Constituency in Bayelsa State.
During the debate, Rep. Oforji pointed out that although the Dangote Refinery started operations on September 15, 2024, with a capacity of 650,000 barrels per day, only major marketers have been allowed to lift products so far.
He said, “The House is concerned that giving NNPCL and major marketers exclusive rights to lift fuel creates a monopoly, which is unfair. This is the same NNPCL that has mismanaged our crude and refineries for years.”
He added that if this monopoly continues, the fuel scarcity affecting Nigerians will persist, with harmful effects on the economy.
Rep. Oforji also quoted the late MKO Abiola, who had once criticized the lack of transparency and accountability in NNPCL.
“The House is worried that excluding independent marketers from lifting Premium Motor Spirit (PMS) is not beneficial,” Oforji said.
He further mentioned that representatives of the Independent Petroleum Marketers Association of Nigeria (IPMAN) fear they may have to resort to importing fuel to keep their businesses alive.
The lawmaker commended Dangote Group for starting petroleum refining in Nigeria, stating that this could signal the country’s move towards energy self-sufficiency.
“The House recognizes that with this milestone, Nigeria is on the path to saving costs, attracting foreign investment, and boosting its economy through fuel exports and reduced foreign exchange spending,” he added.
Rep. Oforji emphasized that due to the high demand for fuel, it’s crucial that independent marketers are allowed to lift products from the Dangote refinery.
To improve fuel availability, the House urged Dangote Refinery to establish or collaborate to set up depots across the country.
Meanwhile, Speaker Tajudeen Abbas has formed a panel led by House Leader Julius Ihonvbere to work with the Senate in investigating the petroleum sector crisis and finding solutions.
Other members of the committee include Kelechi Nwogu (PDP, Rivers), Patrick Umoh (APC, Akwa Ibom), and Sada Soli (APC, Katsina), among others.
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