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Senate Probes Brass LNG Over $784m Fraud …As Reps Indict FG On Poor TSA Implementation

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The Senate has mandated its committees on public accounts and gas to investigate the alleged $784,265,947.54 fraud and other activities of Brass Liquefied Natural Gas (BLNG), including an illegal account in the name of the Federal Government.
Drawing the attention of senators to the issue, last Wednesday, Dino Melaye (Kogi-APC) accused the Nigerian National Petroleum Corporation (NNPC) of operating a fraudulent account in the name of the government.
Presenting a motion titled “Monumental Corruption at the NNPC”, Melaye noted that the Brass LNG was incorporated by the Corporate Affairs Commission on December 9, 2003, and limited by shares of $1million.
He said: “The Senate observes that the shareholders of this company are: the Federal Government (NNPC) represented by Mr Funsho Kupolokun with $490, 000 shares, Philip Brass Limited whose address is in Cayman Island, British West Indies represented by Mr R.L. Smith with a share capital of $170, 000, Eni International B.V. with address in Amsterdam, Netherlands represented by Mr A. Forzoli with share of S170, 000, while the fourth shareholder – Chevron Texaco Brass LNG Limited with address in Bermuda is represented by Mr J.R. Pryor with a share of $170, 000.”
Melaye said the board of directors of the company was composed of foreigners and five Nigerians, all NNPC staff or ex-staff members.
He listed them to include former Group Managing Directors of NNPC, Gauis Obaseki-Jackson and Yakubu Andrew; Ibogomo Gbeyansa, Dawa Joseph Thlama, Ige David, and Buba Mohamman, all staff of NNPC.
Melaye added: “The Senate observes that from the Memorandum of Understanding, Brass LNG is supposed to be a Joint Venture Company with NNPC having the controlling shares and their account domiciled with the CBN.
“The Senate is surprised that the account of this company is with Keystone Bank opened on August 1, 2012, with account number 1005825168; a USA domiciliary account with a closing balance of $137, 086, 462:54 currently, while $648, 179, 487 was recorded as the account’s last inflow on September 19, 2016, and a withdrawal of $4million was effected on the 18th November, 2016, without BVN.”
He stated that there was an urgent need to define the position of the company, its operation, management and mandate in order to halt the seeming corruption.
The Senate in its resolution mandated its committees on public accounts and gas to carry out a ‘holistic investigation into the activities of the Brass LNG and the complicity therein as well as the level of corruption that has taken place, and report back within four weeks.’
Meanwhile, the Chairman of the House of Representatives Ad-Hoc Committee on the Treasury Single Account (TSA), Abubakar Danburam Nuhu has indicted the Federal Government for poor ownership and implementation of the TSA policy, even though it is frequently highlighted by the Presidency as one of its greatest achievements.
He said that the TSA lacks a coordinated office in charge of its implementation and monitoring.
“Issues are being raised by so many people and they do not have answers to them. Who should be responsible for implementation and monitoring?” he asks.
Nuhu, therefore, called for the establishment of a TSA agency to be headed by a director.
He made this point, yesterday, as a guest on Channels Television Business Morning Show, where he was joined by an Economic Analyst from Proshare Nigeria, Babalola Tope, to discuss some of the unfinished businesses surrounding the TSA policy.
The lawmaker said although TSA has been of great benefit to the government, curtailing corruption, blocking leakages and cutting off arbitrary charges previously collected by commercial banks, “The unfortunate thing with the TSA is that there are so many issues that are lingering and affecting the smooth implementation of the account.
“My committee has been doing a lot of work in terms of trying to investigate the TSA for quite some time now but the challenges that are there need to be resolved.”
Stating some of the challenges, he said “For the last two years, the TSA has not been audited and when we called the Auditor General (AuGF), it seems that he has not been part of the TSA implementation. He had to confess to us that there hasn’t been any audit in the last two years.
“Also, there has been no reconciliation between the office of the Accountant General of the Federation (AGF) and the Central Bank of Nigeria (CBN).”
Nuhu also revealed that the foreign currency component of the TSA has yet to be activated for unknown reasons.
“Therefore no one knows exactly how Federal Government funds collected in the Diaspora are administered.
“This means all accounts which are foreign denominated are not yet part of the TSA. They are still sitting in banks, which are probably out of the country or even in Nigeria,” he emphasised.
As at March, 2017, the Minister of Finance, Kemi Adeosun, had revealed that the TSA has processed over N7trillion.
It was also revealed that over 20,000 commercial bank accounts where government revenue where previously stashed had been closed, saving the government about N4.7billion monthly in bank charges.
Although the TSA policy was partially implemented during the Dr Goodluck Jonathan era, the current administration led by President Muhammadu Buhari holds it up as its biggest economic reform strategy.
However, details emerging clearly show that the policy faces serious risks bothering on non-compliance by some agencies and failure to consolidate the policy – giving it a proper legislative backing such that its sustainability beyond the current administration is guaranteed.
Also, it was revealed that the service providers who are responsible for facilitating payments into the Treasury Single Account are being owed by the government.

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Nigerians Hit As Iran Rains Missiles On UAE

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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.

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

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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.

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

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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.

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