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Senate Laments $120m Annual Revenue Loss To Fuel Shipment

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The Senate, yesterday, expressed worry over the alleged loss of $120million annually to patronage of foreign firms in the shipment of petroleum products into the country.

The alleged loss was disclosed to the lawmakers during a meeting between the Senate Committee on Local Content, the Management of NNPC and Ship Owners Association of Nigeria (OAN) in the National Assembly Complex.

The Senate committee, therefore, directed the Nigerian National Petroleum Corporation (NNPC), to initiate the processes of boosting the capacities of indigenous shipping firms and engaging them instead of foreign firms in the shipping of petroleum products.

The Chairman of the committee and former Senate Leader, Senator Teslim Folarin, at the meeting, also stressed the need to help build capacities among indigenous shipping.

He said: “It is very important we patronise Indigenous shipping companies.

“The whole essence of this investigative hearing is not to trade blames. We understand that they don’t have enough vessels; they don’t have capacity and capacity cannot come from heaven. The GMD here has capacity to help build capacity. It is very important that we patronize indigenous shipping companies.”

The Senate committee also decried the flagrant disregard to the Local Content Act, which stipulated, among others, that local firms be encouraged in the conduct of businesses of any public company business.

A member of the committee, Senator Solomon Adeola (APC Lagos West), who is also the chairman of the Senate Committee on Finance, noted that the preference of foreign shipping    had left negative effects on the nation’s economy.

Adeola countered the submissions that Nigerians do not own vessels that could be patronised.

The Group Managing Director of the NNPC, Mele Kyari, who had informed the committee earlier that there was no indigenous vessel to patronise, assured the Senate that the agency would work to support the local companies, saying “we will engage our partners.”

Earlier in a presentation to the committee, the SOAN, led by its President, Dr. Mkgeorge Onyung, explained that the provisions of Nigerian coastal and local content laws with regards to the shipping of petroleum products in the downstream sector of the oil industry was being breached in favour of foreign vessels, a situation, he said, had encouraged massive capital flight.

“In the 2019/2020 DSDP disposition, contract valued at $9billion was undertaken. Freight expenditure on Import Tankers was approximately $60million monthly or $720million annually. This involved the average monthly importation of 2.4 billion litres (1.8 million metric tons) of gasoline in foreign-owned tankers of 35,000 to 90,000DWT capacity (approximately 40 ship loads monthly).

“Between January and August, 2020, 320 foreign tankers arrived Lagos offshore with imported PMS. This 100 per cent foreign-dominated supply chain activity creates no in-country value for the Nigerian maritime industry with no multiplier-effect on other sectors of the economy. “Foreign fleet is chartered by NIDAS Marine, NNPC subsidiary, via foreign ship brokers namely Clarksons, E.A. Gibson, Brassington, Braemer and Affinity,” Onyung stressed.

He told the committee that foreign ship owners account for 95 per cent of freight spending associated with this downstream activity which is repatriated overseas as capital flight to the detriment of the local economy.

 

By: Nneka Amaechi-Nnadi, Abuja

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Kwara Community Residents Flee Over Persistent Bandits’ Attacks

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Residents of Omugo Community in Ifelodun Local Government Area of Kwara State have deserted their homes due to persistent bandit attacks.
The Tide’s source reports that the once lively community has turned into a ghost town with only a few domestic animals left.
Reports indicate that the recent bandits’ attack on the Omugo ECWA Church via Oro-Ago, led to the abduction of eight worshippers including the wife of the pastor in charge.
Three persons escaped out of the eight abductees with a N1billion ransom placed on the remaining victims in captivity. The community could only gather N1million which was rejected by the bandits.
Last week, the armed bandits invaded Oro-Ago community, killed one vigilante man identified as Baba Ibeji and injured his younger brother known as Ajere.
A Point of Sales, PoS, shop directly opposite the Nigeria Security and Civil Defense Corps, NSCDC, Divisional office, was broken into by the bandits.
The gunmen also attacked the NSCDC office and sprayed bullets on the facility, though no casualty was recorded.
In earlier attacks on Oro-Ago environs, armed bandits ambushed a convoy between Oro-Ago and Oke-Ayan in Ilere district of Ifelodun Local Government Area and killed two local hunters on escort duty.
On Saturday, there was tension in Oro-Ago following a security alert that armed bandits were regrouping to launch fresh attacks on the community.
All security formations were, however, placed on ‘Red Alert’ to forestall the planned attack.

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Acting Provost Dismisses Alleged Missing Equipment Claims at Rivers Health College

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The Acting Provost of the Rivers State College of Health Science and Management Technology, Dr. (Mrs.) Peace Chigozirim Amadi has refuted claims circulating in the media suggesting that laboratory equipment went missing from the college.

In a recent statement, Dr. Amadi described the reports—particularly those attributed to certain publications—as false and misleading. She emphasized that all laboratory equipment at the college remain intact.

“I am here to set the record straight. No laboratory equipment disappeared from my college. Nothing is missing,” Dr. Amadi said, challenging anyone with contrary claims to provide evidence, including the names of the equipment and their supposed locations.

She further noted that the college recently underwent an accreditation exercise, during which significant investments were made in laboratory equipment. According to Dr. Amadi, these items are fully accounted for, and the college maintains a robust security system to protect its assets.

“Everything is intact. Nothing disappeared. The information being circulated is false and should be discarded,” she reiterated.

Beyond addressing the allegations, Dr. Amadi also called on media practitioners to exercise professionalism and verify stories before publication. “I want to plead with journalists to always verify their stories. Junk journalism does not help anyone. No matter the information you receive, it is important to hear the other side before publishing,” she said.

While social media posts have occasionally raised concerns about various issues in the region’s health education sector, including extortion and examination malpractice at related institutions, there is no independent evidence from credible news sources confirming that equipment went missing from Rivers State College of Health Science and Management Technology.

The college, a public tertiary institution based in Port Harcourt, Rivers State, is accredited to offer a variety of health-related programs, including Nursing, Midwifery, Laboratory Technology, and Environmental Health. It has consistently emphasized integrity, safety, and transparency in its operations.

Dr. Amadi’s statement seeks to reassure the public, students, and stakeholders that the college remains secure, well-managed, and free from the alleged equipment losses, while urging journalists to prioritize accuracy in reporting.

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HYPREP Reaffirms Commitment to Safe Water Supply In Ogoni

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As the world commemorates World Water Day, the Hydrocarbon Pollution Remediation Project (HYPREP) has reaffirmed its commitment to providing potable water across Ogoni communities, in line with the recommendations of the United Nations Environment Programme (UNEP) Report on the Ogoni Environment.

In a statement issued by its Project Coordinator, Nenibarini Zabbey, on March 22, 2026, HYPREP noted that this year’s theme, “Water and Gender,” alongside the campaign slogan, “Where Water Flows, Equity Grows,” underscores its resolve to extend potable water supply beyond oil-impacted communities to all Ogoni communities.

Zabbey emphasized that access to clean water is a fundamental human right, adding that HYPREP remains committed to ensuring inclusive and equitable water access across the region.

He disclosed that the agency has successfully provided potable water to over 43 communities in Ogoni, while ongoing Phase 3 water projects are expected to benefit an additional 17 communities. He also highlighted steady progress on windmill-powered water projects in less populated areas, particularly in Khana Local Government Area.

According to him, the K-Dere Water Project, which is over 99 percent complete, will be commissioned in the coming weeks, even as work continues on other water schemes across Ogoni.

Zabbey further noted that HYPREP’s interventions are aligned with the United Nations Sustainable Development Goal 6, which focuses on ensuring the availability and sustainable management of water and sanitation for all by 2030.

To ensure sustainability, he explained that the agency has adopted a joint management model involving host communities, the Rivers State Ministry of Water Resources and Rural Development, and the Rivers State Small Towns Water Supply and Sanitation Agency (RSSTOWA). He added that Water Consumers’ Associations have been established in communities such as Nchia and Eleme, alongside training programmes conducted in collaboration with non-governmental organisations.

The Project Coordinator stressed the importance of community ownership and protection of water facilities, echoing the call by the Minister of Environment, Balarabe Abbas Lawal, for residents to safeguard the infrastructure provided in their areas.

Zabbey expressed optimism that the ongoing efforts will significantly improve access to safe drinking water, reduce waterborne diseases, and enhance public health outcomes across Ogoni communities.

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