Connect with us

News

Jonathan Orders NNPC To Refund $1.48bn …Visits Troops In Adamawa

Published

on

President Goodluck Jonathan has ordered the Nigerian National Petrolium Corporation (NNPC) to pay the controversial $1.485billion into the account of Federation Account Allocation Committee (FAAC) for disbursment.
This was disclosed at the monthly FAAC meeting held yesterday in Abuja.
Meanwhile, the sum of N500.130 billion was shared among the three tiers of government for the month of January.
In a statement issued by the technical sub-committee of the Federation Account Allocation Committee (FAAC), at the meeting, the amount shared represents a short fall of N80.248 billion from N580.378 billion shared in the previous month.
According to the committee, the reduction was due to drop. In crude oil prices from $77.53 million in November to $52.34 million in December, 2014.
Also, the drop was attributed to a 33 per cent decrease in export volume between November and December, 2014, which translated to a loss of $159.88 million.
Of the amount shared, state governments received the lion share of N30.689 billion, representing 50 per cent, while Federal Government and local government councils received 15 and 35 per cent, respectively.
It was stated that additional N4.419 billion payment was made by NNPC with N6.330billion refund to Federal Government purse.
Additionally, the sum of N776 million was also added to the shared money as residual balance, while N63.935 billion was added from Value Added Tax (VAT).
However, the Minister of State for Finance, Ambr. Bashir Yuguda debunked the rumour making rounds that Nigeria is broke, insisting that the economy is resilient and strong as evidenced in all the economic indices.
According to him, the domestic account of the country stands at $19 million, while the excess crude account is $2.60 million.
Bashir, who blamed the current economic challenges on devaluation of naira as occasioned by hostility in the oil market, assured that the situation will soon better as government has decided to cut down travel and expenses.
However, the House of Representatives has for the second time on Wednesday asked the Minister of Finance, Ngozi Okonjo-Iweala, to submit the full version of the forensic audit report on the alleged missing Nigerian National Petroleum Corporation $20billion to it.
The House gave the first directive on Thursday last week, following a motion moved by its Minority Leader,  Femi Gbajabiamila.
On Wednesday (yesterday), the House again asked the minister for the report after Gbajabiamila complained that almost one week following the first resolution, Okonjo-Iweala had not responded.
He said, “Mr. Speaker (Emeka Ihedioha, presiding), we request the Clerk of the House to formally write the Minister to produce that report to every member of this House.
“She has not produced the report, irrespective of the standing resolution of this House. We want to have the full report, not the snippets that they have been flying about.”
The House endorsed his submission and directed the minister a second time to comply.
An auditing firm, PriceWaterHouse Coopers, had carried out the forensic investigation on behalf of the Federal Government.
The Chairman, House Committee on Public Accounts, Mr. Solomon Olamilekan, told reporters shortly after the House rose that the Office of the Auditor-General of the Federation only presented a “highly-condensed version” of the report to the public.
He recalled that in the condensed version, the NNPC was directed to remit a “minimum of $1.4billion into the Federation Account.”
The lawmaker said that, as the committee overseeing public accounts, PAC was duty-bound to ensure that the minister produced the report.
He ordered Okonjo-Iweala to submit the report not later than one week from Wednesday.
Olamilekan added, “The PAC, cognisant of the provisions of the Constitution (1999), and empowered by the resolution, hereby requests that the full report on the forensic audit by PWC, which must include the initial raft report, the executive summary, management /internal control letters, should be forwarded to the National Assembly not later than one week from today(Wednesday).”
Meanwhile, the Federal Government has, in spite of the drop in its oil revenue and dwindling allocations to the three tiers of government, insisted that Nigeria is not broke.
“The country is not broke, we have been meeting our obligations despite the challenges we have had with oil revenue streams but we have been doing the best that we can to improve our revenue from the non-oil sector,” the Minister of State for Finance, Bashir Yuguda, said.
Yuguda spoke with journalists after this month’s Federation Accounts Allocation Committee meeting in Abuja on Tuesday night.
The minister  who,  put the excess crude account at about $2billion, also spoke briefly on the  forensic audit report and the amount to be refunded by the NNPC to the federation account.
“I have engaged the minister of petroleum and we have discussed the time frame on the refund of that amount,” he said.
However, the All Progressives Congress Vice-Presidential candidate, Yemi Osinbajo, has said that the biggest problem facing Nigeria is corruption and not dwindling oil prices.
Osinbajo stated this in Uyo, Akwa Ibom State, on Wednesday during the presentation of APC’s 2015 manifesto on Securing Nigeria’s Future.
He said, “Nigeria problem, as you know, is not lack of resources. The government of today has tried to give the impression that the problem of the country is that of falling oil prices, which is now below $50 per barrel.
“That is not true, that is not the problem. The problem is the corruption or the theft of resources.”
The former Lagos State Attorney-General and Commissioner for Justice, added that the Federal Government itself had confirmed that over 400,000 barrels of oil are stolen every day from Nigeria.
He put the value of the stolen oil at N3.1trillion a year.

Permanent Secretary, Rivers State Ministry of Information and Communications, Sam Woka (middle) explaining a point during an inspection of the state  monorail project at UTC station, last Wednesday. With him are General Manager, RSNC, Mr Celestine Ogolo (2nd left),a Director in the Ministry of Information and Communications, Pastor Paulinus Nsirim (left), and other dignitaries.

Permanent Secretary, Rivers State Ministry of Information and Communications, Sam Woka (middle) explaining a point during an inspection of the state monorail project at UTC station, last Wednesday. With him are General Manager, RSNC, Mr Celestine Ogolo (2nd left),a Director in the Ministry of Information and Communications, Pastor Paulinus Nsirim (left), and other dignitaries.

Continue Reading

News

Nigerians Hit As Iran Rains Missiles On UAE

Published

on

Nigerians were among more than 140 residents injured after Iran launched multiple ballistic missiles and unmanned aerial vehicles at the United Arab Emirates, at the weekend.

This raised fresh fears for thousands of Nigerians living and working in the Gulf nation.

The UAE Ministry of Defence disclosed last Saturday that its air defence systems intercepted several missiles and drones fired from Iran, describing the attack as a major escalation in the ongoing regional tensions.

In a statement posted on its official X handle, the ministry said its air defence units engaged nine ballistic missiles and 33 drones during the latest assault on March 14.

It added that the attacks left six people dead and 141 others injured, including foreign nationals.

“The UAE air defence systems on March 14 engaged nine ballistic missiles and 33 UAVs launched from Iran,” the ministry stated.

“Since the onset of this blatant Iranian aggression, UAE air defences have engaged 294 ballistic missiles, 15 cruise missiles, and 1,600 UAVs launched from Iran,” UAE added.

According to the ministry, those killed in the attacks included citizens of the UAE as well as foreign nationals from Pakistan, Nepal and Bangladesh.

“Although the authorities did not specify the exact locations where the casualties occurred, the ministry said the injured victims were from several countries, including Nigeria.

Others affected include residents from Egypt, Sudan, Ethiopia, the Philippines, Pakistan, Iran, India, Bangladesh and Sri Lanka.

The list also included Azerbaijan, Yemen, Uganda, Eritrea, Lebanon, Afghanistan, Bahrain, Comoros, Türkiye, Iraq, Nepal, Oman, Jordan, Palestine, Ghana, Indonesia and Sweden.

The Tide reports that this development has sparked concern among Nigerian communities in the UAE, where thousands of citizens live and work in sectors such as construction, hospitality, logistics and trade.

Data from Nigeria’s diaspora commission shows that the UAE remains one of the largest destinations for Nigerian migrants in the Middle East, particularly in the emirates of Dubai, Abu Dhabi and Sharjah.

The Nigerian government had in recent years raised concerns over the safety and welfare of its citizens in the country following diplomatic tensions and visa restrictions affecting Nigerians.

Saturday’s attacks have now heightened anxieties within the diaspora community, especially as the Gulf region faces growing military confrontations.

In its statement, the UAE Ministry of Defence said the country remained fully prepared to confront any threats to its security.

“The Ministry of Defence remains fully prepared and ready to deal with any threats and will firmly confront any attempts to undermine state security in a manner that ensures the protection of its sovereignty, security and stability, and safeguards its national interests and capabilities,” the ministry said.

In a separate update, the ministry noted that its defence systems were still actively intercepting missiles and drones.

“UAE air defences are dealing with Iranian ballistic and cruise missiles and drones,” it said.

Regional media reports indicate that the attacks form part of a wider escalation of hostilities between Iran and Western-backed forces in the Middle East.

According to Al Jazeera, Iran has continued sustained missile and drone strikes across the Gulf despite protests from neighbouring states.

The strikes were said to be in retaliation for military operations launched by the United States and Israel against Iranian positions in the region.

Tehran targeted several Gulf countries, including Saudi Arabia, Qatar and the UAE, late on Friday and into Saturday.

The attacks also caused infrastructural damage in parts of the UAE.

Meanwhile, Iran’s elite military wing, the Islamic Revolutionary Guard Corps, warned that US interests in the UAE would remain legitimate targets.

Iranian state media reported that the group issued the warning after US forces attacked Iranian-controlled islands.

The IRGC specifically mentioned ports, docks and military installations linked to the United States as potential targets.

It also urged residents in the UAE to evacuate areas around ports and military facilities to avoid civilian casualties.

Security analysts say the growing exchange of threats and strike across the Gulf could destabilise the region’s economic and aviation activities if the conflict escalates further.

Nigeria’s Ministry of Foreign Affairs has yet to issue an official statement on the incident as of the time of filing this report.

Continue Reading

News

Fubara  Swears in Five New Commissioners …Says Their Best Is Needed for Rivers Dev

Published

on

Rivers State Governor, Sir Siminalayi Fubara, has charged the five new commissioners sworn-in last Wednesday to put in their best for the development of the State.

Fubara gave the charge during the swearing-in of the commissioners at the Executive Council Chambers of the Government House, Port Harcourt, last Wednesday.

This followed the successful screening of the five commissioners by the Rivers State House of Assembly, last Tuesday.

The five commissioners are Tonye Bellgam, Prof. Temple Nwofor, Dr. Peters Nwagor, Mr. Lekue Kenneth, and Sir Amairigha Edward Hart.

The Tide reports that the governor had sent nine commissioner-nominees to the Assembly for screening, but the Assembly confirmed only five nominees and rejected the nomination of four over various allegations.

Those rejected by the Assembly are Prof. Dantonye Alasia, Mrs. Charity Demua, Mr. Tamuno Williams, and Otonye Amachree.

The governor congratulated the new commissioners on their appointment, noting that their thorough screening by the Rivers State House of Assembly was a proof of their capabilities.

He urged them to deploy their wealth of experience in various fields and put the State on a fast lane of development.

“Ordinarily, I am supposed to charge you on your responsibilities and how to operate. But that has been taken care of by the screening at the Assembly.

“I believe that going through one of the most rigorous screenings, it is enough to say that for those of you who succeeded, you are fit and ready to deliver to our dear State.

“So there is no further charge. The screening was the charge, so I wish you the best as I don’t expect anything less than the best from you,” Fubara said.

Continue Reading

News

Navy Destroys Illegal Refinery In Rivers, Intercepts Stolen Fuel In C’ River

Published

on

The Nigerian Navy has intensified its crackdown on crude oil theft and illegal bunkering, destroying a reactivated illegal refinery site in Rivers State and intercepting suspected stolen petroleum products in Calabar, Cross River State.

The Director of Naval Information, Capt Abiodun Folorunsho, disclosed this in a statement released in Abuja, yesterday.

Folorunsho said personnel of the Nigerian Navy Ship SOROH, operating under Operation DELTA SENTINEL, destroyed a reactivated illegal refinery site at Okolomade Community in Abua-Odual Local Government Area of Rivers State.

He said the action followed credible intelligence that a previously dismantled illegal refining site had resumed operations.

According to him, an Anti–Crude Oil Theft team deployed to the location discovered that the dismantled refining oven had been reconstructed.

“Further exploitation of the area led to the discovery of additional refining equipment and storage facilities containing about 3,000 litres of product suspected to be illegally refined Automotive Gas Oil (AGO),” he said.

Folorunsho added that the illegal refining infrastructure, including ovens, storage tanks, hoses, connected pipes and newly acquired metal components used for illegal refining, was destroyed in line with operational procedures.

He said personnel of the Nigerian Navy Ship Victory, in another operation, intercepted about 3,950 litres of suspected stolen petroleum products at the Nigerian Ports Authority area in Calabar, Cross River State.

He said the interception was based on credible intelligence on suspected siphoning of petroleum products from vessels berthed at the port.

The naval patrol team, according to him, swiftly deployed to the area and traced the illegally siphoned products to a trailer park within the port facility.

“On sighting the naval patrol team, the suspected perpetrators fled the scene, after which the area was cordoned off and the illegally siphoned products secured,” he said.

Folorunsho said further inspection led to the recovery of about 3,950 litres of Automotive Gas Oil stored in drums and jerrycans, which had been evacuated to the naval base for further necessary action in line with extant regulations.

He noted that the successes aligned with the directive of the Chief of the Naval Staff, Vice Adm. Idi Abbas, to intensify operations against crude oil theft and other maritime crimes across Nigeria’s maritime domain.

Folorunsho reiterated the Navy’s commitment to sustaining the operational tempo of Operation DELTA SENTINEL through intensified surveillance, patrols and intelligence-driven operations aimed at combating crude oil theft, illegal bunkering and other forms of economic sabotage.

Continue Reading

Trending