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Tinubu, Dangote, others hold talks on naira-for-crude policy

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By Francesca Hangeior

President Bola Tinubu is currently receiving a briefing from the Implementation Committee on Crude Oil and Refined Products Sales in Local Currency at the Aso Rock Presidential Villa, Abuja.

The Minister of Finance, Mr Wale Edun, who chairs the committee, is leading the small delegation comprising the Chairman of Dangote Group, Aliko Dangote, and the Group CEO of the Nigerian National Petroleum Company Limited, Mr Mele Kyari.

The committee members were sighted arriving at the Council Chamber at minutes last 02:00 pm.

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In early October, the Federal Government began implementing a policy to sell crude oil to the Dangote Refinery in naira rather than U.S. dollars.

This followed the Federal Executive Council’s approval which, the FG says, will stabilize fuel prices domestically and strengthen Nigeria’s currency by cutting down on the need for dollars in crude oil transactions.

The move also allows the NNPC to supply crude oil in local currency, with Dangote’s refinery as the pilot for this strategy.

By trading in naira, the government aims to improve the availability of petroleum products and decrease import-related costs.

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The Dangote Refinery, which requires significant crude supplies annually, is expected to reciprocate by providing petrol and diesel in naira, simplifying currency transactions and lessening the economic strain of fuel imports.

The FG said the approach will reduce FOREX demands by up to 40 per cent as key institutions, including the Central Bank of Nigeria and AfreximBank, support the transition.

However, in September, the NNPCL and the Dangote Refinery were embroiled in pricing disputes.

The NNPCL claimed it bought petrol from Dangote at a high price of N898 per litre, a rate that Dangote’s representatives called “misleading,” stating that official pricing terms were yet to be finalised.

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At Tuesday’s meeting, President May likely intervene in the simmering dispute between the two companies.

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SEYI Tinubu Speaks On Alleged Abduction, Brutalization Of NANS President Atiku Abubakar Isah

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A group known as “Friends of Seyi Tinubu (FOST) has reacted to the alleged abduction and brutalization of Abubakar Atiku Isah in Abuja on Tuesday by Seyi Tinubu.

The group said never at any point has Seyi Tinubu ordered thugs to abduct and brutalise one Comrade Atiku Abubakar Isah, who claims to be President of the National Association of Nigerian Students (NANS).

The group described allegations against Seyi Tinubu as reckless, saying it’s an attempt to tarnish the good reputation of the President’s son.

A statement by the President of the group, Com. Adejorin Tai Manuel, condemned the publication dated April 16, 2025, alleging Seyi Tinubu was behind the attack on Atiku.

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The statement reads:

“Mr. Seyi Tinubu is a young, focused, and accomplished individual who has no time, business, or interest in the politics of NANS, let alone stooping so low as to orchestrate violence against someone who is clearly unknown to him.

“The claim that Seyi Tinubu even recognises or acknowledges Comrade Atiku as a threat or enemy is laughable and clearly fabricated. Seyi Tinubu is not a member of NANS, not a patron, nor is he involved in any student political process. He remains committed to his personal and national development engagements, which are far beyond the narrow scope of campus politics.

“It is important to clarify that Comrade Atiku Abubakar Isah does not represent Nigerian students. His claims of being elected at the so-called “125th NANS Convention” are factually incorrect and devoid of logic. NANS, which was founded in 1980, has not held up to 125 conventions in its history. Atiku did not attend the last constitutionally recognized NANS convention, nor did he participate in any legitimate electoral process.

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“There is no record of any election conducted that produced him. He has no known executive council, no vice president, no secretary-general, no financial secretary, or any EXCO member to support his claims. He merely woke up, declared himself president, and began parading the title across media platforms without mandate or legitimacy.
“One wonders who Atiku represents, where his mandate originated from, and how the medium failed to ask the most basic questions about his legitimacy before giving him a platform to spread lies.

“The so-called “election” that produced him remains invisible, with no evidence of senator participation or institutional backing. He has been rejected by the mainstream NANS community, and the public deserves to know that the association operates with structure and order not propaganda.

“Dragging the name of Seyi Tinubu into this charade is a calculated smear campaign designed to attract public sympathy and give credibility to a failed quest for recognition.
“But Nigerians are wiser than that. Seyi Tinubu has no business with impostors. His focus remains on uplifting youth, driving entrepreneurship, and contributing meaningfully to the nation’s development—not getting entangled in student leadership dramas. It is therefore absurd and insulting that a man of his pedigree would be linked to such crude behavior.”

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NUJ-FCT Unmasks Financial Scandal Under Ex-Leadership, Issues Disclaimer

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…handover Ogbeche, Osadebamwen, others to EFCC for probe

By Gloria Ikibah
The Nigeria Union of Journalists (NUJ), Federal Capital Territory (FCT) Council, has concluded a comprehensive internal review of the immediate past administrative activities, revealing concerns about financial stewardship during previous leadership cycles. The findings have been forwarded to relevant oversight bodies for further evaluation.

Speaking during a media interaction in Abuja, the Council under the leadership of Comrade Grace Ike shared details of the inquiry conducted by a committee established by the NUJ Congress. The initiative is part of ongoing efforts to enhance organisational accountability and strengthen internal governance systems.

The five-man panel, chaired by veteran journalist, Comrade Tony Akowe, included Comrade Ndubueze Chidoka (Secretary), Comrade Akin Orimolade, Comrade Princess Ekwi Ajide, and Comrade Imam Umar.

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The committee’s scope covered activities from December 2018 to October 2021, encompassing the periods of past administrations led by Emmanuel Ogbeche and Patrick Osadebamwen.

According to the committee’s documentation, critical gaps were observed in record-keeping and transitional documentation. In addition, there was limited engagement from some former officeholders during the review process. The only available financial review for the period in question reportedly presented inconsistencies requiring further attention.

The committee noted that its work was hampered by a lack of cooperation from key figures of the past administration. According to Mr Akowe, no formal handover was done, and only a limited set of documents including one audited financial report and some rental receipts was made available.

Efforts to retrieve further documentation from the former chairman, Mr Patrick Osadebamwen, proved unsuccessful. He reportedly claimed to have submitted relevant documents to the NUJ National Secretariat, which has since denied receiving any such records.

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The probe uncovered several questionable financial entries and unverified expenditures:

• A total of ₦33 million was declared as rental income between 2018 and 2021, but there was no breakdown showing the names of tenants or corresponding rent periods.

• The administration claimed to have received ₦7.2 million in donations yet failed to provide details or evidence of the sources.

• ₦5.28 million was spent on salaries for four to five staff, even though no single staff member earned more than ₦25,000 monthly.

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• Over ₦1.7 million was reportedly spent on electricity, ₦285,000 on DStv/GOtv subscriptions, ₦78,000 on “public relations and entertainment”, and ₦1 million on transport and accommodation—all lacking adequate justification.

• A controversial line item showed ₦14 million received as rent “in advance”, with no associated documentation to validate it.

The committee’s report concluded that there was no transparency in the management of the union’s finances during the period under review.

Following the probe report, the NUJ-FCT Congress, in its sitting on 12 April 2025, adopted a series of resolutions aimed at protecting the Union’s integrity and financial stability.

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The Council issued a public disclaimer against the following individuals, who have been warned to cease parading themselves as representatives of the NUJ-FCT Council:

• Mr Emmanuel Ogbeche, currently Special Adviser to the Governor of Cross River State.

• Mr Patrick Osadebamwen, immediate past Chairman and journalist with the Nigerian Tribune.

• Mr Ochiaka Ugwu, former Secretary of the Council and staff of People’s Daily.

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In addition, Mrs Gloria Essien has been cautioned against representing the Council at the Nigeria Labour Congress (NLC), as she no longer holds any official position within the NUJ-FCT.

The union also called on UBA Bank to freeze the NUJ-FCT Council’s accounts still under the control of former signatories (Account Nos: 1022765326, 1014057659, and Dollar Account: 3002941904), pending a full transition to the current leadership.

Furthermore, the NUJ-FCT will:

• Publish a formal disclaimer in national dailies.

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• Notify the employers of the former officials about the resolutions.

• Alert government institutions, corporate bodies, and the general public not to engage with the aforementioned individuals on behalf of the NUJ-FCT Council.

The Council’s Secretary, Mr Jide Oyekunle, who anchored the press briefing, reiterated that the probe’s findings and the resolutions reflect the collective will of the NUJ-FCT Congress and the determination to protect members’ interests.

 

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Finally , Lagos Court frees Quadri, young Nigerian who stood before Obi’s convoy in viral photo

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The Apapa Magistrate Court, Court 9 sitting at Orege, Ajegunle – Sikiru Adagun Courthouse, has discharged and acquitted Alabi Quadri, the young Nigerian who became a national symbol of courage during the 2023 general elections, for standing boldly in front of the convoy of then-Labour Party presidential candidate Peter Obi.

He was discharged and acquitted of conspiracy to commit felony and armed robbery.

The court held that he has no case to answer.

Quadri was brought to court on Thursday, April 17, 2025, after spending months in Kirikiri Prison, Lagos.

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The Nigerian Correctional Service produced Quadri at the Apapa Magistrate Court, located at Orege, Ajegunle—Sikiru Adagun Courthouse (Court No. 9).

Quadri’s case was initially slated for a hearing on April 28, 2025.

However, human rights lawyer and activist Inibehe Effiong had revealed that both he and the Director of Public Prosecutions (DPP) requested that the date be moved forward, and the court granted the application.

Quadri gained widespread attention after a viral video showed him, a teenage boy at the time, fearlessly standing before Peter Obi’s campaign convoy—a moment many Nigerians interpreted as a symbol of youthful defiance and hope during a tense election period.

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The media reported that Effiong revealed that Alabi’s recent painful descent into the Nigerian prison system was not due to any major crime but rather a result of prolonged malice and resentment harboured by some self-acclaimed ‘area boys’ (thugs) in his neighbourhood.

According to the lawyer, these individuals felt entitled to a portion of the unexpected attention and goodwill, including financial support, that Alabi received following his moment in the spotlight during the 2023 presidential campaign.

Effiong, who recently visited the Apapa Magisterial Court in Lagos alongside Alabi’s mother and legal colleagues, stated that Alabi’s journey to Kirikiri prison was not only heartbreaking but appeared to be the outcome of a vendetta fuelled by local ‘area boys’ who felt entitled to the financial support Alabi received after his viral moment.

Effiong revealed that Alabi was abducted in January near his home while returning from work by the ‘area boys’ who had been threatening him.

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They allegedly took him to Amukoko Police Station (popularly known as Pako Police Station) and accused him of being involved in street fights.

However, Alabi was then arraigned before a Magistrate Court along with four other individuals, said to be complete strangers to him, on allegations of conspiracy to commit armed robbery with cutlasses.

According to the charge sheet, the alleged victims were robbed of N579,000, comprising cash and four mobile phones.

Effiong also emphasised that despite being a minor, Alabi had been detained with adults at Kirikiri since January, pending legal advice from the Lagos State Directorate of Public Prosecutions (DPP).

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