Connect with us

News

Reps Investigates Alleged Importation Of Adulterated Petrol, Price Hike, Others

Published

on

 
By Gloria Ikibah 
 
The House of Representatives has commenced investigation of importation of adulterated petroleum products into the country, difficulties of domestic refineries in accessing crude oil feedstock and broader threats those issues pose to Nigeria’s energy security.
 
Speaker of the House, Rep. Abbas Tajudeen at the inauguration of the Joint Committee on Petroleum Upstream and Downstream on Monday in Abuja, expressed concern over the resurgence of fuel queues at petrol stations, increasing cost of Premium Motor Spirit (PMS), and unavailability of crude oil feedstock for downstream domestic refineries.
 
Naijablitznews.com recalled that the House of Representatives had at plenary on July 9th 2024 , adopted a motion on, “Urgent need to carry out a legislative forensic investigation into the challenges affecting the downstream and midstream petroleum sectors in Nigeria and other related matters to find out a lasting solution to all challenges”.
 
The House had subsequently mandated the Committees on Petroleum Resources Midstream and Downstream to “Carry out a legislative forensic investigation into the resurgence of fuel queues in petrol stations, allegations of high cost of PMS, unavailability of fuel stock for downstream domestic refineries, disruption of distribution of PMS products, unfair subsidization of PMS and other petroleum products, racketeering and favouritism in the Pro Forma Invoice System regime.” etc
 
Represented by Deputy Speaker Benjamin Kalu, Speaker Abbas said the investigation will also extend to other related issues impacting the sector; adding that the quality of petroleum products imported into Nigeria has come under scrutiny, and authorities must ensure compliance with global standards.
 
The Speaker insisted that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Standards Organization of Nigeria (SON) must guarantee that all petrol imported into the country is rigorously tested in laboratories to meet the standard sulphur and octane levels.
 
He said: “It is unacceptable that the petrol imported into the country contains high sulphur levels, is leaded, and has low octane levels – as we notably experienced in recent past that even led to socio-economic losses on a national scale including the knocking down of the engines of vehicles of Nigerians in their hundreds.
 
“In carbon control economies, maintaining high octane levels is a significant regulatory issue for both energy regulators and environmental protection
agencies. The lower the octane level, the cheaper the cost of refining, but this should not be at the expense of quality and environmental standards.
 
“The role of regulatory bodies such as the Standards Organisation of
Nigeria (SON), the National Environmental Standards and Regulations Enforcement Agency (NESREA), and the NMDPRA is pivotal in ensuring that the petrol consumed in Nigeria is of environmentally friendly grade.
 
“One critical aspect we must address is the infrastructure for quality assurance that enables robust testing of petroleum products with the standard practice for manual sampling fully adhered to.
 
“It is expected that the joint committee on this nationally important assignment will carry out investigations on the quality and the number in of laboratories that both the
NMDPRA and SON have or use for their tests and return with actionable feedback.
 
“As for the difficulties encountered by domestic refiners in accessing reliable supplies of crude oil feedstock for their refineries, it must be reiterated that
President Bola Ahmed Tinubu is fully committed to providing a level playing ground for producers and refiners to do business in the industry.
 
“Therefore, I implore the rule of engagement to ensure that the pricing model from the oil producers does not hinder the domestic refineries,” he added.
 
In their remarks, Co-chairmen of the Joint Investigative committees; Rep. Ikenga Ugochinyere (Downstream) and Rep. Henry Okojie (Midstream) called on all stakeholders to provide comprehensive support, including essential information and documentation.
 
They therefore urged refinery operators, importers, producers, and marketers of petroleum products to share their complaints, suggestions, and independent facts.
 
“To ensure a thorough examination, the committee plans to: Conduct laboratory investigations at all local refineries, marketer and importer facilities, and regulatory agency labs such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Visit various filling stations of different marketers, importers’ depots, and other relevant sites to collect samples for analysis.
 
“These samples will be examined in their labs, and also in alternative private independent labs to ascertain sulfur levels and other critical components. The committee will hire an internationally certified lab and where possible conduct live testing of all imported and locally produced products to help resolve the issues. The results of such testing on all imported and produced petroleum products, will be announced publicly.
 
“The committee affirmed that apart from finding a final solution to the alleged embarrassing issue of non-availability of crude supply to domestic refiners both modular and big refiners, the findings will stretch to crude produced and the quantity that ought to go to local refiners and the reasons for falling short, the impact of crude forward sales on availability of crude to domestic refiners and other issues,” they said.
 
According to the  joint committee, letters of invitation for paper submissions and appearances have been dispatched to key stakeholders, including the Minister for Petroleum (Oil), the management of NNPCL, the GCEO Mele Kyari, Executive Vice President Downstream, and Authority Chief Executive of NMDPRA, Operations Officers, and their lab heads or testing partners.
 
Others include IPMAN, PETROAN, NUPRC CEO, independent oil producers, international oil companies (IOCs), importers, marketers, and depot owners.
 
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

CBN Governor Affirms 1,000 Staff Exited Voluntarily Without Pressure

Published

on

By Gloria Ikibah
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that that the voluntary disengagement of 1,000 staff in December 2024, was initiated by the employees themselves, and all entitlements paid in full.
The CBN Governor who was made the clarification at an investigative hearing organized by the House of Representatives Ad-hoc Committee “To Investigate Central Bank Of Nigeria (CBN) Termination/Dismissal Of Staff” on the retirement of over 1000 staff of the Central Bank of and the associated N50 billion payoff scheme, on Friday in Abuja.
Cardoso who was represented by Deputy Director of Corporate Services, Bala Bello,
emphasized that the program was completely voluntary and aimed at enhancing the bank’s efficiency.
“The early exit program of the Central Bank is 100 percent voluntary.
“Nobody has been asked to leave, and nobody has been forced to leave. It is a completely voluntary program put in place at the request of staff”, Bello said.
He explained that the restructuring and reorganization efforts were designed to optimize the bank’s operations by aligning manpower, skills, and technology with its strategic goals.
According to him, the program was particularly beneficial to staff members who felt their career progression had stagnated due to limited opportunities.
“The objective is to ensure the right people are in the right positions, balancing human resource requirements with operational demands.
“For example, among those who left, some are setting up their own banks. These individuals saw the program as an opportunity to pursue other ventures”, he added.
Addressing concerns raised during the hearing, Bello reiterated that no staff member was coerced or intimidated into leaving.
“Those who wanted to take it did, and those who didn’t remain with the bank,”he said, stressing that the initiative was driven by popular demand from staff.
Earlier, Chairman of the Ad-hoc Committee, Rep. Usman Bello Kumo, assured stakeholders of a fair investigation, and stated that the committee’s role was to ensure transparency in the process.
“Our responsibility is to submit a comprehensive report to the House on the objectives, timeline, and impact of the restructuring, reorganization, and early exit program,” he said.
The CBN maintained that the N50 billion terminal benefits allocated to exiting staff were carefully calculated and distributed according to laid-down procedures.
Continue Reading

News

Our investigators taking bribe – EFCC Chairman admits

Published

on

The Chairman, Economic and Financial Crimes Commission, Mr Ola Olukoyede, has said some of the investigators are in the habit of demanding bribes from crime suspects, thus eroding the integrity of the agency.

Olukoyode warned the erring anti-graft agency’s investigators that they would be dealt with if they failed to retrace their steps with the policy’s guidelines, which are erected on responsibility, accountability, and transparency.

The EFCC boss made this known to the Commission’s members of staff during his New Year address at the Headquarters in Abuja.

President Bola Tinubu appointed Olukoyede as the EFCC helmsman in October 2023, following the suspension of Abdulrasheed Bawa in July, over suspected infractions while in office.

Advertisement

He told the agency staff that the public views about their operations are not friendly, saying, “At this point, I need to strongly reiterate the issue of discipline, integrity and sense of responsibility in the way we do our work. Public opinions about the conduct of some of our investigators are adverse. The craze and quest for gratification, bribes and other compromises by some of our investigators are becoming too embarrassing and this must not continue.

“Let me sound a note of warning in this regard. I will not hesitate to wield the big stick against any form of infraction by any staff of the Commission. The Department of Internal Affairs has been directed to be more ardent in its work and monitor every staff in all their engagements. The image of the Commission is too important to be placed on the line by any corrupt officer.”

Earlier in his address, the anti-graft agency’s boss urged the staff to be up and doing, as he added that the development of the country depends on the competence of the Commission in dealing with corruption.

Olukoyede said, “As you would recall, our new policy drive is premised on a three-pronged agenda and blueprint. The first plank of the agenda is properly focusing on the mandate of the EFCC. All over the world, the major objective of the war against corruption and financial crimes is to drive economic development and create wealth and job opportunities for the populace. We need to come to these realities and operate by them. Our nation is in dire straits. We need to continue to do everything possible to stimulate the revenue profile of Nigeria.

Advertisement

“There is no agency of government as crucial to the nation’s quest for growth and development as the EFCC. We have all it takes to bring up the profile and developmental index of our nation. I urge all of you to be steadfast and committed to this clarion.”

He urged the staff to adhere to the rule of law, and strife to promote the image of the agency and protect the reputation of the country, in order to attract foreign investors, with the direct aim of boosting the economy of Nigeria.

“The second plank of our policy direction is putting modalities in place for running the administration and governance of the nation at various levels in a most responsible, accountable and transparent manner as well as building and promoting the international image and reputation of Nigeria in the eye of the world as a country that is worthy of attracting foreign direct investments. To achieve all these, preventive mechanisms against corruption, adherence to the rule of law and engagement of diverse publics in the nation in the fight, are imperative,” he stated.

“I equally talk about the overarching need for a transactional credit system as a potent means of keeping corruption at bay. We need to encourage this and motivate Nigerians in this area. I want to particularly harp on the preventive modality which is the centerpiece of our new engagement. We are already building strength in this area through the restructuring of the layers of the Commission. I want every staff to be in tune with the new arrangement.”

Advertisement

Speaking about the arrest and bail guidelines, the EFCC boss said, “Let me also talk about the review of the arrest and bail guidelines which I expect everyone to be familiar with by now. The review is informed by the need for us to conform with international best practices in law enforcement.

“We are a civilised anti-graft agency. Arrest and bail would henceforth be done in line with the rule of law. Our investigators should particularly take note of this. It is important for us to understand the dynamics of the world in the area of law enforcement. Change is the most permanent fact of life. We should not be seen to be resisting changes in our work.

“We are mindful of the increasing need for the welfare of staff and steps are being taken in this regard. I may not talk about specifics. However, the new year promises to bring smiles on the faces of staff across all the Commands. We will continue to do our best to put all of you at your best. However, to whom much is given, much is expected.

“Lastly, I have always said that we are all privileged to be staff of the EFCC. There is this Latin phrase that says, noblesse oblige, meaning, nobility demands responsibility. This is the crux of the matter. We should dignify the privilege of being EFCC staff with proportionate responsibility. It is both a duty and an obligation. I wish you all the best in the New Year.”

Advertisement

The Legal Attache of the United States’ Federal Bureau of Investigation (FBI), Jack Smith, hailed the appointment of Olukoyede as the EFCC boss, when he paid him a courtesy visit, in November last year, praising him that “the rebranding and other positive initiatives are good.”

EFCC is currently investigating the alleged N37.1 billion fraud under the former Minister of Humanitarian Affairs, Disaster Management and Social Development, Saddiya Umar Faruq.

Continue Reading

News

Read reaction of Nigerians to N30m fees in Lagos school

Published

on

By Kayode Sanni-Arewa

Charterhouse, a British independent school located in the Lekki area of Lagos State, has once again sparked controversy over its fees, drawing criticism from Nigerians on social media.

According to its website, the Charterhouse Family of Schools has been a leading name in British education for over 400 years. The Lagos campus, the first African branch of Charterhouse UK, admitted its first set of students in September 2024, catering to Year 1 through Year 6 pupils.

The school previously faced criticism in April 2024 for its tuition fees, which were reportedly as high as N42 million per year, alongside a N2 million non-refundable registration fee. This sparked widespread backlash, with many questioning the affordability of the institution for the average Nigerian family.

Advertisement

The debate resurfaced on Thursday following a video shared on X.com by user #itzbasito, captioned, “This is what the inside of the most expensive school in Lagos looks like. It costs N42 million per year.”

The video, attributed to Charterhouse, however, claimed that tuition and accommodation cost less than N30 million. The post has since garnered over 9,200 interactions on X.com, with many Nigerians criticising the costs, stating that even N30 million is excessively high.

One user, #TheWaleOrire, tweeted on Friday, “If the government can’t regulate school fees in primary and secondary schools, how can we achieve standardised universal basic education? There’s absolutely no reason why any secondary school in Nigeria should be charging N42 million per year.”

He added, “This only widens the gap between the lower, middle, and upper classes, turning education into a luxury for the rich instead of a right for every child. We need urgent reforms to bridge this inequality.”

Advertisement

Other users echoed similar sentiments, arguing that the fees primarily catered to the wealthy elite.

#OAAdeniji wrote, “There is no way anyone in Nigeria, earning in Naira, will be paying N42 million per year for a secondary school student, no matter what they are being taught. This is more than outrageous.”

Another user, #toofighting, remarked, “You’d find that the students are mostly children of expatriates, and those fees are paid by the companies their parents work for. Most Nigerian parents cannot pay that sum out of pocket.”

Similarly, #rusticfunmi commented, “N42 million per annum just so some people can feel superior that their children will be taught by whites… sorry, ‘expatriates.’”

Advertisement

In contrast, some users defended the school, arguing that it caters to a specific segment of society.

#Arsenicscot tweeted, “They don’t have the majority as their market target. All these una complain na for una pocket. When admission commences, the school will be filled; it won’t be scanty. The owners of the school know the segment of the population they are targeting. They won’t beg for students.”

Another user, #Treazyblaq, added, “If they can afford it, why not? These schools offer more than just education; they’re valuable for networking and building connections that can benefit the future. It’s an investment, not just in education but in opportunities and overall growth.”

The video also detailed the school’s boarding arrangements, stating that students would share rooms with three others, each having their own bed and private space. This sparked additional criticism, with some questioning the value provided.

Advertisement

#SandraAdaeze4 commented, “N30 million a year only to share a room with four other students.” Similarly, #citiii added, “For that amount, there is no reason why each student shouldn’t have their own room or, at worst, two per room.”

Charterhouse’s website details its tiered fee structure for founding students, with tuition ranging from N16.1 million for Years 1–2 to N24 million for Year 9. Weekly boarding costs an additional N5 million, while full boarding is N7 million per year.

PUNCH reported in August 2024 that the Founding Head and Director of Education at Charterhouse, John Todd, clarified misinformation regarding the school’s fees.

He said, “In April, there was an online reaction to our school fees, which sparked a lot of discussion, with some people reacting to the figure of N42m. I want to set the record straight: our fees are currently N26m, not N42m. We’ve never charged N42m.”

Advertisement

The Punch

Continue Reading

Trending

Copyright © 2024 Naija Blitz News