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Senegal Joins Oil-Producing Countries In West Africa, Produces Oil For The First Time

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By Kayode Sanni-Arewa

Senegal has become one of West Africa’s oil producing countries as the country started producing oil for the first time on Tuesday.

As President Bassirou Diomaye Faye promised that profits from the sale of the country’s oil and gas would be “well managed”, Australian energy giant Woodside described the oil production in Senegal as a “historic day” and a “key milestone” for the company and the country.

BBC reports that the Sangomar deep-water project, which also has gas, aims to produce 100,000 barrels of oil per day.

It is expected to generate billions of dollars for Senegal and boost the country’s economy.

The general manager of the national oil company Petrosen, Thierno Ly, said that the country had entered a “new era” when production began on Tuesday.

Ly was quoted as saying, “We have never been so well positioned for opportunities for growth, innovation and success in the economic and social development of our nation.”

It was reported that Petrosen has an 18% stake in the project while Woodside owns the remainder.

Elected in April this year, President Faye has been keen on renegotiating the deal as part of reforms he promised during the election campaign.

The President, while speaking to students on Tuesday, said that the earnings from the oil and gas production would be “well managed”, and that an “inter-generation fund” had been set up for the benefit of “your generation and those to come.”

The country’s move to renegotiate oil and gas contracts has been seen by some analysts as making investors jittery, but government supporters have reportedly said that it is vital for the West African state to increase its stake in projects so that the nation benefits from its natural resources.

A former opposition politician, Prime Minister Ousmane Sonko, who was a key figure in the president’s election campaign, recently insisted that contracts signed by previous administrations were ”unfavourable” to the country, and would be reviewed.

Sonko was quoted as saying on Tuesday, “We’re the ones who promised you we’d renegotiate the contracts, and we’re going to do it. We’ve started already.

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DSS Busts Suspected Terrorist’s Residence In Niger, Recovers Arms, Dollars

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By Kayode Sanni-Arewa

Personnel from the Department of State Services (DSS) conducted a raid on Wednesday at the residence of a suspected hardened terrorist in the Gbeganu area, a suburb of Minna, Niger State.

The raid, which took place during the daytime, caused fear among residents in the area.

According to sources familiar with the operation, this was the third raid in less than four years in the neighbouring areas of Nkangbe and Gbeganu, both in Bosso Local Government Area. The suspect targeted in this raid was allegedly a storekeeper for a terrorist group, although specific details about the recovered weapons were not disclosed.

Residents informed Daily Trust that a substantial amount of cash, including dollars, was seized during the operation. The suspect had been known as a tricycle rider before the raid revealed his alleged involvement with terrorist activities.

Previous incidents include a similar raid in October 2023, where a suspected terrorist engaged security forces in a fierce gun battle before escaping, and in June 2021, when a house linked to a notorious kidnapper was demolished after weapons were found in a raid.

The Niger State Police Command spokesperson, SP Wasiu Abiodun, stated that they had no information regarding the recent raid when contacted.

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Tinubu’s Minister Disobeys President’s Order, Fails to Confirm Appointment As Directed

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The Minister of State for Petroleum Resources, Heineken Lokpobiri, has allegedly failed to implement President Bola Tinubu’s directive to appoint Nicholas Agbo-Ella as Nigeria’s OPEC Governor.

Recall that in a May 6 directive, President Tinubu instructed Lokpobiri to submit Agbo-Ella’s name to replace Gabriel Aduda, who was redeployed to the Ministry of Women Affairs.

President Tinubu in his memo to the Secretary to the Government of the Federation (SGF) and copied to Mr Lokpobiri said that Mr Lokpobiri should “take immediate steps to notify OPEC of the change of Permanent Secretary and replace Ambassador Gabriel T. Aduda’s name with Ambassador Nicholas Agbo-Ella as the Governor nominated by the Federal Republic of Nigeria, being the current Permanent Secretary of the Ministry of Petroleum.”

The minister was directed to ensure the “replacement is confirmed by the conference scheduled for 1 June 2024.”

Mr Aduda is a brother to former FCT Senator Philip Aduda who is reportedly an ally of Nyesom Wike.

 

According to sources within the administration, Mr. Lokpobiri has failed to submit Mr. Agbo-Ella’s name to the OPEC Board of Governors as of June 1, despite the president’s directive.

The reason behind Mr. Lokpobiri’s inaction is unclear, and it remains a mystery why Mr. Aduda, who has been reassigned to the Ministry of Women Affairs, continues to serve as OPEC governor.

 

Checks show that Mr Aduda is still listed as Nigeria’s Governor on the OPEC website.

Sources close to the ministry revealed that Mr. Aduda, despite his transfer from the Ministry of Petroleum Resources, was recently photographed receiving the OPEC Secretary General, Haitham Al Ghais, in Nigeria. Additionally, a photograph dated June 2, 2024, shows Mr. Lokpobiri and Mr. Aduda attending an OPEC meeting virtually.

This is also not Mr. Aduda’s first controversial involvement. In May 2014, it was widely reported how he entered the federal civil service despite failing exams at the Economic and Financial Crimes Commission.

After resigning due to poor performance, he was surprisingly appointed Director of the Economic Research and Policy Management Department at the Federal Ministry of Finance just six months later. He has since served in various ministries, including Foreign Affairs, Petroleum Resources, and now Women’s Affairs.

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Senators new timetable now 11am to 3pm for Plenary

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The Senate has amended its rule book to start holding Plenary from 11am to 3pm.

The Senate Leader, Opeyemi Bamidele, had raised two motions at the commencement of plenary.

One of motions was an amendment to the standing rules which proposed that the Senate shifts the timing of its sittings on Tuesdays, Wednesdays and Thursdays from 10am to 11am, and close by 3pm like their counterpart in the House of Representatives.

The Senate Leader also moved his second motion on Standing Committee’s Amendment of order 96 to create the Senate Committee on Reparation and repatriation.

However, the second motion was stepped down as senators opted to debate on the issue of sitting time.

While lending his voice to the issue, Senate President, Senator Godswill Akpabio had indicated that the most urgent motion was to align the time of resumption with what obtains in the House of Representatives.

He suggested that the motion should be separated and that the first one to be taken should be the time of sitting.

However, the Immediate past President of the Senate, Ahmad Lawan while making his contribution, disagreed with Akpabio.

Lawan said, “I don’t know the basis at the moment for which we want to shift our sitting from 10 to 11 and end at 3pm, for me, we have more energy, our eyes are clearer in the morning and one hour into the day, probably we would have lost some energy.

“If we work between 10am and 2pm, if we sit in the plenary between 10am and 2pm, our committees would do better. If we don’t have any reason except we have to synchronize with the House, I think we need to look at it again.

“However, if we have other reasons that we must change, that is fine. If it is just to synchronize with the House may have their reasons for sitting at 11 and close by 3pm but here I don’t see the reasons.”

Responding Akpabio threw it back at Lawan that the idea of the Senate sitting by 11am started during his time as the President of the 9th Senate especially during the period of the COVID-19.

But Lawan reacted by saying it was as a result of the COVID-19 that the time was tinkered from 10am to 11am adding that they had to cut down on the number of days for plenary.

Akpabio then reacted that, “Our rules said 10am but we came to meet the tradition of 11am, the only thing that we changed was to add additional day because during that COVID-19 period we were sitting twice a week.

“I said no, since there is no more COVID we should sit three times in a week and we maintained what we saw, 11am but now we are.saying that we have not been able to justify the 11am sitting unless it reflects same on our rules.

“The Idea of 3pm in my view is not correct because it does not mean you must sit till 3pm, it simply means if we don’t have musc to do we can close at 1pm or 2pm to enable our colleagues to go for committee sittings and other matters related to the proceedings of the Senate such as clearances and all that.

“The only aspect of it is to legalise it so that people don’t have the impression that we are sitting at 11am while the rule says 10am”.

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