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NNPC’s failure to fix refineries might encourage Dangote to be monopolistic

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Despite bickering between the Dangote Petrochemical Industry and the Nigerian National Petroleum Corporation Limited (NNPCL), a group of Nigerians in Diaspora has entertained fears that the leading regulatory agency might be secretly encouraging Dangote Refinery to be monopolistic in oil distribution in the country.

Dr. Donald Illiya, Global President of Nigerians in Diaspora Movement
(NDM), in a statement signed Monday morning from London, United Kingdom, said the public faceoffs between the NNPCL and Dangote refinery is confusing, and might be to distract Nigerians, while the regulatory body encourages Dangote to be the sole oil distributor in Nigeria, by suppressing the state owned local refineries and hold them continually in comatose.

“The Nigerians in Diaspora Movement have watched with perplexity the choreographed performance between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Petrochemicals Refinery, which is meant to keep exploiting Nigerians by making them pay more than reasonable pump prices for refined petroleum products.

“For us, taking in the state of the nation’s economy and the ongoing cost of living crisis, we are of the view that Nigeria’s fate is tied to the state of government-owned refineries, which must be made functional to cause a consequential drop in the prices of fuel and a positive knock-off effect on the cost of living.

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“From our review of the murky situations around the refining, importation, supply and pricing of petroleum products, we are constrained to conclude that NNPCL and its officials are aiding Dangote Refinery to emerge as a monopoly by failing to revive domestic refineries while obscuring this fact by being publicly hostile to each other”, the statement said.

The group, while asserting high level of corruption in the energy sector, said, despite spending over N17 trillion to rehabilitate the Port Harcourt, Warri and Kaduna refineries from 2002 to 2022, and still spending more, even under the present regime of President Bola Ahmed Tinubu, the local refineries have remained comatose.

“We are concerned that the unfolding drama is part of a larger plot to conceal the fact that NNPCL has kept its track record as a cesspit of corruption, which is most prominent in the phantom turnaround maintenance of the government-owned refineries. From when NNPCL Group CEO, Mele Kyari assumed office in July 2019, the administration of President Muhammadu Buhari approved $1.5 billion for the rehabilitation of the Kaduna, Port Harcourt, and Warri refineries. Another N54.66 billion was spent on refinery rehabilitation from January to June 2022.

“More funds have disappeared into the private coffers of those managing NNPCL such that additional monies have been spent even under the current government, bringing the total expenditure on refinery repairs to approximately N17 trillion on turnaround maintenance of the nation’s three refineries between 2002 and 2022.

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“The only output Nigerians have had from this huge expenditure are the ever-changing delivery dates for the refineries to resume operation. In November 2023 a December 2023 target date was announced for Port Harcourt Refinery, and by December of that year, March 2024 was announced as a new date only for this to be altered at least three other times.

“The completion of repairs on Kaduna Refinery was set for the first quarter of 2024, but the refinery has only produced stories on why it is being delayed. Warri Refinery has not fared any better, as a similar first quarter of 2024 target date for commencement of operations, as announced by Mele Kyari, turned out to be folklore”, the group added.

They are of the opinion that, “It is consequently plausible that the failure to make these refineries functional is beyond incompetence and the theft of the funds meant for repairing them. It is now glaring that the refineries are being kept moribund to create a favourable condition for the emergence of a monopoly. This is a tragic turn of events at a time when jurisdictions worldwide are taking bold steps to prevent predatory and monopolistic tendencies to protect citizens and businesses”.

Nigerians in Diaspora Movement, therefore, urged “President Bola Tinubu to take decisive steps to purge the rot in NNPCL so that domestic refineries can resume production and ward off the dangers of succumbing to a monopoly, which also presents a single point of failure for the nation’s fuel supply”.

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Mahama’s inauguration: Ghanaian police IG controls traffic

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Being a typically busy day in Accra, due to the inauguration of the President-Elect, John Dramani Mahama, and his vice, Prof Naana Jane Opoku-Agyemang, the traffic situation especially around the Independence Square is expected to be challenging.

And, although he had already deployed many police personnel to the grounds of the inauguration to ensure security, law, and order, the Inspector General of Police, Dr. George Akuffo Dampare, was forced at a point to help in the work itself.

In images shared by Daily Graphic on Facebook, the IGP was captured directing traffic at a certain part of the city.

This is believed to have happened as he headed to the Black Star Square to join other invited guests and dignitaries for the inauguration of John Mahama as the president of Ghana.

“The IGP stepped out of his car en route to the inauguration grounds to direct traffic,” the caption of the post on Facebook said.

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The momentous and historic occasion has drawn significant attention both domestically and internationally.

It is expected to be attended by 21 Heads of State, alongside three vice presidents, four ministers, and 24 envoys.

According to a statement from the Ministry of Information, the swearing-in ceremony will also feature a number of dignitaries from across the world, including 21 Heads of State from Africa and beyond.

Other dignitaries from across all sectors of the economy, including foreign leaders and security service personnel are also in attendance.

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Source: www.ghanaweb.com

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ICPC drags El-rufai’s ex-Chief of Staff to court over alleged money laundering

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has charged former Chief of Staff, to former Governor Nasir El-Rufa’i of Kaduna State, Alhaji Muhammad Bashir Saidu, to the Federal High Court.

Saidu who was also a one-time Commissioner of Finance in Kaduna State during the El Rufai’s administration, was charged along with    one Ibrahim Muktar, ‘’a public officer in the employment of Ministry of Finance,’’ on Tuesday.

According to charge No FHC/KD/IC/2025,  the defendants are being accused of a two-count charges of Money Laundering, contrary to earlier claim that Alhaji Muhammad Bashir Saidu had  been exonerated of all charges after 10 months of investigation.

The court document stated that sometime in March 2022 or thereabouts, Alhaji Muhammad Bashir Saidu, who at that time Commissioner of Finance, ‘’did accept cash payment of the sum of N155,000,000.00 from one Ibrahim Muktar exceeding the amount authorised by law, which sum you received in cash through proxy to wit: Muazu Abdu, your Special Assistant and you thereby committed an offence contrary to Section2(a) and punishable under the Section 19(d) of the Money Laundering(Prevention and Prohibition) Act, 2022.’’

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The ICPC  also alleged that in the same March 2022 or thereabouts, Bashir Saidu ‘’indirectly took control of the sum of N155, 000,000.00 received in cash for and on behalf of you by one Muazu Abdul from Ibrahim Muktar, which fund you reasonably ought to have known formed part of the proceeds of an unlawful activity to wit: corruption and you hereby committed an offence contrary to section 18(2)(d) and punishable under Section 18(3) of the Money Laundering(Prevention and Prohibition) Act, 2022.’’

Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022 states that ‘’any person who contravenes the provisions of subsection(2) is liable on conviction to imprisonment for a term of not less than four years but not more than fourteen years or a fine not less than five times the value of the proceeds of the crime or both.’’

The charge  which was signed by the Assistant Chief Legal Officer of ICPC, Dr Osuobeni Ekoi Akponimisingha, was filed on Tuesday, January 7, 2025 at the Federal High Court of Nigeria, Holden in Kaduna.

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Enugu State Government System Hacked, Over N1 Billion Stolen — Police reveals

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Police authorities on Tuesday, revealed how a cyber criminal hacked into the system of the Enugu State Government and stole the whooping sum of N1,097,700,300 from its coffers.

The police said it took the swift intervention of the operatives of its departments, National Cybercrime Centre (NPF-NCCC), to trace the hacker and recover the stolen money.

The spokesman of the Force, Mr. Olumuyiwa Adejobi, who disclosed this to newsmen in Abuja during a press briefing, gave the name of the suspected hacker as Onuma Osita.

The police image maker told newsmen that the hacker had already been taken into custody while the funds estimated to be $754,977 had been recovered and returned to the state government purse.

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Adejobi said, “NPF-NCCC investigated a report by the Enugu State Government against one Onuma Osita who defrauded the Enugu State Government of over N1bn in a procurement fraud.

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