News

Fuel Crisis: NNPC Sinks $5.8bn On Petrol Importation

Published

8 years ago

February 21, 2018

The Nigerian National Petroleum Corporation (NNPC) said it spent about 5.8 billion dollars to import Premium Motor Spirit (PMS) popularly known as petrol to combat fuel crisis that resurfaced since late last year.
In a statement signed by Mr Ndu Ughamadu, the Group General Manager, Group Public Affairs unit in Abuja, yesterday, it said the PMS was equivalent of 9.8 million metric tons.
According to the statement, the Group Managing Director of the corporation, Dr. Maikant iBaru, disclosed this during a public hearing by the Senate Committee on Public Accounts at the National Assembly in Abuja.
Represented by the Chief Operating Officer, Finance and Accounts, Mr. AbdulrazaqIsiaka, he said that the corporation carried out the massive importation in fulfilment of its statutory role of supplier of last resort.
This, he said was to ensure that Nigerians do not suffer as a result of product unavailability. The GMD in the statement noted the corporation’s provision of 9.8 million metric tons of petrol so far had helped a great deal in ameliorating the suffering of Nigerians.
He said the corporation’s intervention became necessary following the inability of the major and independent marketers to import the product.
He pointed out that cross-border smuggling due to price disparity between Nigeria and neighbouring countries as well as logistic issues in trucking products to different locations across the country remained serious challenges in the quest for fuel queue-free situation in the country.
The Chairman, Senate Committee on Public Accounts, Senator Matthew Uroghide noted that the public hearing was a part of the Committee’s duty to find lasting solutions to the problem of fuel scarcity in order to make life easy for all Nigerians.
Meanwhile, the Senate, yesterday, mandated its Committee on Public Accounts to investigate the rationale behind a security account allegedly operated by the Nigeria National Petroleum Corporation (NNPC) and Nigerian Agip Oil Company (NAOC).
This followed the adoption of a motion moved by Sen. Dino Melaye (Kogi-APC).
Moving the motion, Melaye said there was the need for the Senate to unravel the objective of the account and source of its funding.
He alleged that the account opened with the name NNPC/AGIP Oil Company IPP Security Account with address NNPC Garki, Harbert Macauley way, is domiciled in First Bank Nigeria Plc with account number 2006367288.
Melaye alleged that the account had an opening balance of N31.7billion and a closing balance of N34.5billion as at April 25, 2017, adding that there were lodgements and withdrawals since January, 2017.
“A lot of questions are begging for answers as regards this account.
“While we need to know the objectives of this account, we also need to know the signatories to the account; is the account known to the Federal Government and what are the sources of the account’s funding?
“About N2trillion is kept in various accounts of government, we are operating a Treasury Single Account yet money is kept in various personal accounts.
“If these monies are properly remitted to government purse, we will have no business borrowing.
“This Senate will continue to expose any corrupt practice in the country because it is time to protect the future of Nigerians unborn,” Melaye said.
The committee has four weeks within which to carry out its investigation.
Meanwhile, the ad-hoc committee set up by the House of Representatives, yesterday, commenced investigations into the incessant killings in Nigeria.
Addressing journalists on their approach, Chairman of the committee, Rep Pally Iriase (PDP, Edo) said the committee of seven lawmakers was going to be bi-partisan in their approach.
He said “We formally commenced our investigations today and we will use a three prong approach via interaction with security chiefs, interface with foreign partners and conduct public hearing.”

News

HYPREP Plans 1,500 Jobs, Expanded Skills Training as Ogoni Cleanup Records Progress

Published

1 day ago

December 22, 2025

The Tide

The Hydrocarbon Pollution Remediation Project (HYPREP) has announced plans to create more than 1,500 direct jobs and provide skills training for over 2,000 Ogoni youths, women and persons with special needs in 2026, as part of the ongoing Ogoni Clean-up Programme.

The Project Coordinator, Professor Nenibarini Zabbey, made the disclosure on Friday in Port Harcourt during a Project Review Meeting with key Ogoni stakeholders, where the project’s performance between July and December 2025 was reviewed.

According to Prof. Zabbey, the proposed jobs will arise from the next phase of mangrove restoration and shoreline remediation projects, while skills acquisition will cover 10 demand-driven areas and five specialised skills designed for persons with disabilities.

In his presentation, the Project Coordinator outlined key milestones recorded during the period under review. He said Phase 1 shoreline remediation had reached 72.7 per cent completion, mangrove restoration was at 99 per cent, while soil and groundwater remediation of medium-risk complex sites stood at 39.01 per cent.

On potable water supply, Prof. Zabbey disclosed that 16 water facilities with booster stations had been completed, providing water to 42 Ogoni communities, while construction of 29 additional facilities was ongoing.

He also highlighted progress in public health and infrastructure projects, including the ongoing three-year public health studies by the International Agency for Research on Cancer (IARC) of the World Health Organisation (WHO). He added that the Ogoni Specialist Hospital had reached 78.2 per cent completion, Buan Cottage Hospital 98.5 per cent, the Centre of Excellence for Environmental Restoration (CEER) 93.5 per cent, while the Ogoni Power Project stood at 61.13 per cent.

On livelihood restoration, the Project Coordinator said additional skills training programmes would commence in January, covering areas such as cybersecurity, commercial diving, GIS and mechatronics. He added that five specialised programmes had been designed for persons with disabilities. Education support initiatives, he said, include the installation of IT and solar equipment in pilot schools, distribution of learning materials and the planned distribution of 160,000 exercise books to public primary and secondary schools from January 2026.

Prof. Zabbey further announced that the list of 500 beneficiaries of Batch 2 of the HYPREP Postgraduate Scholarship Scheme would be released on January 1, 2026, noting that 300 postgraduate students were awarded scholarships earlier this year.

Addressing recent incidents affecting the Gwara and Ebubu water facilities, the Project Coordinator described them as regrettable and disclosed that a Technical Investigation Committee would submit its report within the week. He said water supply had been restored in Ebubu, while efforts were ongoing to restore supply to Gwara.

He identified challenges facing the project to include community land disputes, threats of re-pollution, vandalism and operational constraints, adding that measures were being taken to address them.

Prof. Zabbey attributed the progress recorded to the support of the Minister of Environment, Malam Balarabe Abbas Lawal, and Ogoni stakeholders, noting that the Ogoni Clean-up Programme remains a priority under President Bola Ahmed Tinubu’s Renewed Hope Agenda.

The project status presentation was delivered by Mr. Ifiok Idiyo of HYPREP’s Monitoring and Evaluation Unit. Stakeholders who spoke at the meeting commended HYPREP for the milestones achieved and called for sustained support to ensure the success of the Ogoni Clean-up Programme.

News

RHI, RSG Empower 500 Senior Citizens In Rivers

Published

1 day ago

December 22, 2025

The Tide

The Renewed Hope Initiative in conjunction with the Rivers State Government has empowered 500 elderly citizens in Rivers State with financial support of N200,000 each.

The empowerment programme was part of activities to celebrate the third anniversary of the Renewed Hope Initiative Elderly Support Scheme RHIESS, a social investment policy initiated by the First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu.

Speaking at the event which held at the Government House, Port Harcourt, recently, under the theme, ‘Finding Joy in Old Age,’ Senator Tinubu said the gesture which has become traditional since 2023 was a mark of gratitude in recognition of the invaluable contributions of the senior citizens to nation building.

The First Lady who was represented by the wife of the Rivers State Governor and State Coordinator of the Renewed Hope Initiative, Lady Valerie Fubara, said the scheme was to “support two hundred and fifty (250) vulnerable elderly citizens aged 65 and above in all the 36 states of the federation, the Federal Capital Territory, and veterans from the Defence and Police Officers’ Wives Association (DEPOWA) totalling 9,500 selected beneficiaries across the nation.

She urged the beneficiaries to engage in activities that will make them find joy in old age.

“I encourage you to continue playing your part by staying healthy and active, nurture both your body and mind through regular exercise and meaningful engagement,” Senator Tinubu advised.

On her part, Lady Fubara said the State Government through the magnanimity of the governor, Sir Siminalayi Fubara, has increased the beneficiaries of the programme from 250 to 500.

She restated the commitment of the State Government towards provision of social welfare and improving the standard of living of the elderly in the State.

Also speaking, the Executive Secretary, Rivers State Contributory Health Protection Programme (RIVCHPP), Dr Vetty Agala, said the State Government has through the Health4allrivers Initiative, introduced free medical care for senior citizens in the State, in line with the Renewed Hope Initiative.

News

Expedite Action On MBA Forex Operator’s Prosecution, Rivers NUJ Tells EFCC

Published

1 day ago

December 22, 2025

The Tide

The Nigeria Union of Journalists (NUJ), Rivers State Council, has urged the Economic and Financial Crimes Commission (EFCC) to expedite the prosecution of the Director of the now distressed MBA Forex Trading, Mr. Maxwell Odum, in the interest of justice.

The Rivers State NUJ made the appeal during a courtesy visit to the EFFC’s Ag. Zonal Director, ACE Hassan Saidu, in Port Harcourt, recently.

The council’s chairman, Comrade Paul Bazia, said the appeal became imperative after it considered the number of Nigerians and others involved in the financial misconduct.

According to him, it has caused hardship among many households in the country and should be given the attention it deserves.

He said that investors cannot come into a country or invest in an economy or nation ridden with fraud.

This, he said, has made it more imperative to arrest, prosecute and convict alleged fraudsters like the MBA Forex Director, who is alleged to have defrauded thousands of unsuspecting Nigerians, to serve as a deterrent to others.

The chairman also requested that while the trial lasts, part of the swindled funds should be given to the victims that suffered loss and trauma as a result of the fraud.

The NUJ reiterated its resolve to change the narrative of reportage from crisis to developmental communication.

According to him, the NUJ’s main focus is blue economy and tourism.

He expressed the readiness of the Council to partner the agency in the area of information dissemination.

“We believe you have a responsibility to fight financial crimes. We also know that you need the Press to publicize your activities and NUJ can provide that,” he said.

Responding, the Zonal EFFC’s boss commended the NUJ’s vision to change the narrative of reporting from crisis to developmental communication.

According to Saidu, the Western world have since imbibed such culture, hence the negative stories about them are carefully sifted to allow only positive ones to be released to the outside world.

As for the trapped funds to be released, the EFCC Zonal Director stated that only the court can authorize such action, stressing that the primary responsibility of the Commission is to arrest and prosecute.

He pledged to partner with the NUJ now that the leadership has visited the Commission.

The Head of the Legal & Prosecution Department, DCE Odiase Stephen, corroborated the Zonal Director’s position and stressed that it was only when the matter has been determined by the court that such funds can be released.

He further stated that once a matter is before a court of competent jurisdiction, it cannot be discussed outside.

By: King Onunwor