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Reps to partner with Navy to fish out crude oil thieves

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By Francesca Hangeior

The House of Representatives Special Committee on Crude Oil Theft and Losses has appealed to the Nigerian Navy to assist it with relevant information to unravel those behind the perennial stealing of the country’s crude oil.

Rep. Alhassan Ado Doguwa, the Chairman of the Committee, said in a statement made available to newsmen on Sunday in Abuja after its engagement with the Chief of Naval Staff, Vice Adm. Emmanuel Ogala.

He assured Ogala that information obtained confidentially by the committee would be handled with the utmost care.

According to him, crude oil theft is a major concern for the economy of our country, Nigeria, and on that note, we feel we have to extend our hands of fellowship to the relevant security stakeholders.

“The parliament budgeted about N28.77 trillion for the year 2024 based on the crude oil benchmark of $77.96 per barrel and the production of 1.78 million barrels per day.

“In January 2024, Nigerian oil production rose to about 1.42 million barrels per day; this represents an increase of about 6.85 per cent compared to the production figure of 1.39 million barrels per day in December 2023.

He said there seemed to be a gradual improvement in oil production, but added that the country was still below the OPEC quota of 1.58 million barrels per day in the 2024 budget benchmark.

Doguwa said that the major reason the country was not meeting its production targets was largely attributed to crude oil theft.

“This theft is being carried out in collusion, which not only threatens the economy of the country but has even precipitated a crisis concerning national security.”

The statement quoted the Chief of Naval Staff, who agreed that oil theft remained a major challenge to the country’s economy, stressing the recent report by NNPC Ltd. of the rise of crude oil production to about 1.78 million bpd.

This, he said, was the highest in the last three years, adding that it was still below Nigeria’s OPEC quota while ensuring that the Navy would work in collaboration with others to ensure the quota was met.
He, however, lamented the shortage of personnel in the face of the vastness of the country’s waterways, which he said were over 1/10th of Nigeria’s land.

He said the Navy had less than 30,000 personnel to man the vast sea space with the operational guidelines of policing, enforcing, and assisting in coordinating enforcement.

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Power Sector: FG To Establish 3 Gigawatts Of Solar Energy in 25 States – Minister

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Power Sector: FG To Establish 3 Gigawatts Of Solar Energy in 25 States – Minister
…say poor funding, insufficient gas supply responsible for power deficit
By Gloria Ikibah
Nigeria’s Minister of Power, Adebayo Adelabu, had said that the federal government is working towards the establishment of three gigawatts of solar energy sources across the 25 states in Northern and South Western parts of the country.
According to him, this is a novel approach that will go a long way to solve the power problems, even as he called on state governments to invest in power generation in their states.
The minister stated this at a two-day Power Sector Stakeholders Interactive Dialogue/Workshop organized by the House of Representatives Committee on Power with the theme “Confronting Nigeria’s Power Challenge as the Nation Migrates to a Multi-tier Electricity Market: A Legislative Intervention” on Tuesday in Abuja.
Adelabu who said that hydro energy would be deployed for the coastal cities, also lamented that the country has witnessed incessant collapse of transmission which is caused by lack of adequate infrastructure.
He admitted that most of the infrastructure in the power dates back to the 1960s, with no single backup for the national grid, and called for alternative sources in the situation where there is a collapse of the grid.
The Minister also disclosed that the major factors responsible for the power deficit currently faced by the country is as a result of inadequate financing and insufficient gas supply.
Adelabu who lamented the current state of power supply across the country, however, assured Nigerians of the determination of the President Bola Tinubu-led administration to address the challenges and make Nigeria a suitable place for business.
He said “No sector can function optimally without the power sector. Over the years, poor financing, and inadequate gas supply have been responsible for the energy deficit we have in the country. But a lot of work is going on to address these challenges.”
Earlier in his welcome address, the
Chairman, House Committee on Power, Rep. Victor Nwokolo explained that the purpose of the interactive dialogue/workshop was to provide a dynamic platform for stakeholders to evaluate the progress so far in the Nigerian Electricity Supply Industry (NESI) development.
He revealed that discussions will centre around the seamless transition to a Multi-Tier Electricity Market, as outlined in the Electricity Act of 2023.
According to him, “his transition, holds immense potential to enhance competition, efficiency, and reliability within the electricity market, ultimately benefitting consumers and driving economic growth”.
He said: “Through collaborative brainstorming and analysis, we aim to chart a clear roadmap for this transition, ensuring that it is smooth, inclusive, and conducive to sustainable development.
“Furthermore, this workshop will serve as a platform for stakeholders to explore innovative solutions to the persistent challenges plaguing the power sector. From infrastructure development and financing to regulatory frameworks and consumer engagement, we will examine a wide array of issues and propose actionable strategies for improvement.
“In addition to these objectives, we aspire for this workshop to foster enhanced collaboration and partnership among stakeholders. By bringing together legislators, representatives from government agencies, regulatory bodies, industry players, academia, and civil society, we aim to cultivate a culture of cooperation and collective action towards our shared goal of a vibrant and resilient power sector”.
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How Yahaya Bello withdrew $720,000 from Kogi account to pay child’s school fees -EFCC Chairman

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By Francesca Hangeior

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that a former governor of Kogi State, Yahaya Bello, transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.

Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.

He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.

“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”

Olukoyede further stated that he personally reached out to Bello, offering him a chance to clarify the situation in a respectful setting within the EFCC office but the ex-governor reportedly declined to cooperate, citing fears of harassment from an unnamed woman.

The EFCC boss added, “I didn’t initiate the case; I inherited the case file. I called for the file, and I said there are issues here.

“On my own, I called him, which I am not supposed to do, just to honour him as an immediate past governor. ‘Sir, there are issues. I’ve seen this case file. Can you just come let us clarify these issues?’

“He said, ‘Ha! Thank you, my brother. I know, but I can’t come. There’s one lady that has surrounded EFCC with over 100 people to come and embarrass me and intimitade me.’

Bello was said to have suggested that the EFCC come to his village rather than conduct an investigation at the agency’s quarters.

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Yahaya Bello Withdrew $720,000 From Kogi Account To Pay Child’s School Fees -EFCC Chairman

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By Kayode Sanni-Arewa

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that a former governor of Kogi State, Yahaya Bello, transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.

Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.

He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.

“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”

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