Business
Monarch Blames Security Agencies For Illegal Bunkering
A traditional ruler in Obio/Akpor Local Government Area of Rivers State, Chief Christian Nyekwere, has blamed security agencies for the ongoing bunkering activities in Niger Delta region.
Nyekwere, the Eze Osimini I of Oropotoma Kingdom also decried the geometrical increase in illegal bunkering activities in Elelenwo Community, saying that the bunkering activities has become a serious threat to the lives of the people. The royal father made this known The Tide last Saturday in Port Harcourt.
According to him, security agencies including Nigerian Civil Defence Corps and the Nigerian Police are only interested in taking bribe instead of arresting and prosecuting those involved in illegal bunkering.
He also noted that, “The ongoing bunkering activities in the Niger Delta is respeonsible for the black sort in Rivers State, especially in the state capital, Port Harcourt.
“illegal bunkering activities have been legalised by Police and other security agencies, especially around the environs of the state capital, Port Harcourt.
“You can not tell me that security agencies are not aware that illegal bunkering activities are in the heart of Port Harcourt, without any arrest of suspects.
Elelenwo Community is submerged with illegal crude oil products and illegal bunkering camps are opening daily with the situation getting so bad that the fishermen and women can no longer fish in the river.
“There is spillage everywhere and security agencies and government are not worried about it” , the royal father lamented.
The traditional ruler called on the government at all levels to take proactive measures against illegal bunkering.
Nyekwere also called security agencies to shun bribe and ensure that those responsible for illegal bunkering in the state are arrested and prosecuted accordingly.
Enoch Epelle
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.