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Atiku demands NNPCL’s listing on stock market

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The 2023 Peoples Democratic Party presidential candidate, Atiku Abubakar, has called on President Bola Tinubu’s administration to promptly list the Nigerian National Petroleum Corporation Limited on the Nigeria Stock Exchange.

The former Vice President declared that this move aligns with the stipulations set forth by the Petroleum Industry Act.

Atiku’s demand follows the recent decision by NNPCL to transfer the management and operation of the Warri and Kaduna refineries to private operators.

In a statement issued by his media adviser, Paul Ibe, on Sunday, Atiku emphasized that NNPCL should be listed on the stock exchange as required by the Petroleum Industry Act.

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“Currently, the NNPCL claims to be private, but this is only a ruse to fool the feeble-minded because it remains the ATM of the Federal Government. Anything short of listing the NNPCL on the stock exchange is nothing but a cosmetic development,” he added.

He explained that this move would improve profitability, transparency, and corporate governance.

The statement read in part, “The Peoples Democratic Party (PDP) Presidential candidate said previous arrangements and concessions had not worked because of a lack of transparency in the contract award process as well as the failure of the government to attract investors.

“The former Vice President said that for such a deal to succeed at all, the Bureau of Public Enterprise (BPE) and a credible technical partner like Standard and Poor’s must be part of the process.

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“Former President Olusegun Obasanjo revealed recently that even Shell, one of the world’s wealthiest oil companies, rejected the offer to operate Nigeria’s refineries. This is because the NNPCL has, for years, been a cesspool of endemic corruption.

“This is why over $20bn that has been spent on the refineries in the last 20 years has led to nowhere. It is also curious that a government that is still paying petrol subsidies is trying to make its refineries profitable. Which businessman will invest in a refinery that has been programmed to operate at a loss?”

Atiku questioned the viability of the NNPC’s new plan, noting that similar arrangements in the past had not been successful or profitable.

The Waziri Adamawa urged NNPCL to avoid making the contract process opaque as it did with OVH last year, which proved dubious and did not resolve the ongoing fuel scarcity.

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He continued, “The management and operating approach has not always worked. The Manitoba Hydro International, which was handed to the Transmission Company of Nigeria, led to nowhere. Similarly, Global Steel Limited, which was handed to the Ajaokuta Steel Company, was not able to make the facility profitable.

“The contract was questionably revoked by the Umaru Musa Yar’Adua administration, and Nigeria ended up paying Global Steel a compensation of nearly $500m while Ajaokuta remains comatose 17 years later.

“In 2022, Nueoil, an unknown and newly registered company, acquired OVH and Oando filling stations. Barely four months later, NNPCL Retail bought Nueoil and took control of all its assets, including the Oando filling stations.

“Barely eight months later, OVH turned around to take over NNPCL Retail. This convoluted transaction was done in order to hide the corruption involved. If this is the approach that the NNPCL wants to use in handing over its refineries to private hands, then Nigerians should not expect any positive development whatsoever.”

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Govt cites security threats, bans Telegram for officials

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By Mario Deepromoter

Ukraine on Friday restricted the use of Telegram for its government, military and security officials, citing “threats” to national security on the app founded by Russian-born Pavel Durov.

“The National Security and Defence Council decided to restrict the use of Telegram in government agencies, military formations and critical infrastructure facilities,” the council said in a statement on Facebook, saying it was a “matter of national security.”

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Ooni unveiles launch of Olojo Festival, reveals ancestral significance

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By Mario Deepromoter

The Ooni of Ife, Oba Adeyeye Ogunwusi, on Thursday, announced the commencement of the 2024 Olojo Festival, revealing the event’s ancestral and spiritual significance.

Ogunwusi spoke at his palace during a news conference on the 2024 Olojo Festival with the theme “Evolving Transformationaly Domestic Tourism With Community Festivals.”

According to him, the festival is significant because of the spiritual exercises that characterise it and the testimonies it attracts.

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He said the celebration of the revered cultural event was held annually in the ancient city to celebrate the day of the first dawn.

The Ooni said the festival was in remembrance of “Ogun,” god of iron, who is believed to be the first son of Oduduwa, progenitor of the Yoruba people.

He added that the festival marked the birth of the “Aare Crown”.

Ooni said that several prayers rendered to Olodumare through the iconic “Aare crown” during the Olojo festival had been answered with so many testimonies.

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He stated, “Olojo is the festival of dawn and the birth of the crown, “Ade Aare”, the crown of all crowns. The crown that gave birth to all crowns all over the world with all the colours of the rainbow. It is called the spectrum of rainbow crowns.

“The crown does everything humans do, it is a very spiritual crown, very sacred. I am a living example and witness. I have actually charged the crown, I have prayed with it, that I want this done, this particular time.

“This is my ninth year on the throne, going to my tenth year by the grace of God, I have seen a lot of testimonies.

“I will pray with the crown worn on my head, I pray to the almighty God, Olodumare through the crown. I have never seen any failure in it. It is our strong heritage, our strong culture and tradition and we will continue to uphold it forever.

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He added that they were not idol worshipers, but rather custodians of their ancestors’ legacy, which continued to benefit them.

“These are things we should not joke about, It is our heritage, we should not compromise it with anything. It is created by nature, by God Almighty who is the supreme being,” he said.

Explaining the nature of the “Ade Aare”, Ooni described the crown as a sacred, mysterious being which bears the nature of humans.

According to him, the crown functions like humans.

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He said, “Olojo is the time when the crown comes out for blessings. This is a crown that has life in it till date, right from time immemorial.

“The crown changes the weather, it does not see the atmosphere except once in a year, during Olojo festival.

It’s fake news, Ooni’s palace denies marriage trending story
“In the crown, we see everything complete, we see the day, night, four corners of the world, the northern, southern, eastern and western poles.

“The birth of the crown is actually the first dawn pathfinded by Ogun, which is linked to our celebration.”

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The Ooni added, “Olojo is the main new year celebration and this dovetails to everybody’s new yam festival all over because what is used to bring out yams are cutlasses and hoes made with iron.

“This is the time we get beautiful harvests, the time we get wallnuts, bitter kola. For us in Ile-Ife, we still uphold our heritage and that is why we celebrate the first dawn.”

Ogunwusi appreciated the sponsors for the festival.

“I want to appreciate you all, our sponsors, for everything you have been doing. For always responding to my calls. May God bless you and may our ancestors guide you all. I appreciate the state government as well,” he added.

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Earlier, the Commissioner for Culture and Tourism in Osun, Abiodun Bankole-Ojo, appealed to sponsors of the Olojo festival to look into the possibility of developing some tourism sites within the state, like the Oranmiyan Groove.

“Please corporate bodies, stop giving us monetary and material gifts, come and develop the Oranmiyan site as a tourist site. Government will not be able to do it all,” he said.

The Olojo Festival Chief Consultant, Ayo Olumoko, urged Nigerians and international tourists to grace the festival.

NAN reports that the Grand Finale for the 2024 edition of the annual Olojo Festival in Ile-Ife, will be held between September 26 and September 30.

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On September 26, there will be Ayo Olopon Traditional Game, Festival Cultural Talent Hunt (Audition) and Olojo Festival Colloquium.

On September 27, there will be Ojo Ilagun, Iwode Ile-Ife (Community cleansing) and Oonirisa’s terrestrial message to the world.

September 28 is the festival’s grand finale official ceremony, Ojo Okemogun, and the Aare cultural procession.

September 29 is Ojo Ajoyo (Asekagba), Grand Royal Reception – Invitational, Adire Oodua Cultural Exchange Exhibition and Oonirisa’s Ife Award for Community Service, 2024.

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September 30 would be for the Ojo Ibile (Oonirisa’s ancestral traditional propitiation) and cultural talents hunt.

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Trump Says Israel Will Go Extinct Within Two Years If He Loses US Election

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By Mario Deepromoter

Trump expressed concern about his polling numbers among Jewish voters, lamenting his current standing compared to Harris, the Democratic candidate.

President Donald Trump suggested that Jewish-American voters could bear some responsibility if he loses the upcoming presidential election to Vice President Kamala Harris.

Trump expressed concern about his polling numbers among Jewish voters, lamenting his current standing compared to Harris, the Democratic candidate.

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Reuters reports that Trump claimed that Israel could face extinction within two years if Kamala Harris wins the election, suggesting that Jewish voters who support Democrats would share some responsibility for that outcome.

Speaking to a crowd, Trump stated, “If I don’t win this election, the Jewish community will play a significant role in that. If 40% or even 60% of people are voting for the enemy, Israel, in my opinion, will cease to exist within two years.”

He referenced a poll indicating that Harris had 60% support among American Jews.

Although he didn’t specify which poll he was citing, a recent Pew Research survey showed American Jews favouring Harris over Trump by 65% to 34%.

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Trump also expressed disappointment over winning less than 30% of the Jewish vote in both the 2016 and 2020 elections.

Trump reiterated similar sentiments earlier at a summit in Washington aimed at combating antisemitism in the U.S.

The Trump campaign has prioritised appealing to Jewish voters in critical battleground states, where even a small shift in support could influence the election outcome.

In Pennsylvania, for instance, there are over 400,000 Jewish residents, and Biden won the state by just 81,000 votes in 2020.

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In response to Trump’s comments, Morgan Finkelstein, a spokesperson for the Harris campaign, criticised him for his past associations with individuals accused of antisemitism.

Trump has consistently denied allegations of antisemitism, noting his Jewish son-in-law during his speeches on Thursday.

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