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Sanusi Slams NNPC Over Oil Theft

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13 years ago

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Governor of Central Bank of Nigeria (CBN), Sanusi Lamido
Sanusi, has passed vote of no confidence on the Nigerian National Petroleum
Corporation (NNPC) over poor management and regulation of the nation’s oil
sector.

Sanusi expressed the concern while reacting to the recent
revelation made by the Minister of Petroleum Resources, Diezani Allison-Madueke
that Nigeria lost about $7 billion to oil theft in 2011.

He specifically expressed doubt over Nigerian crude oil
production, which currently stands at 2.7 million barrels per day according to
NNPC’s report as against the 2.4mbpd oil benchmark projection for the year
2012.

Sanusi, who appeared alongside his deputies, Tunde Lemo and
Sarah Alade, before Abdulmumin Jubrin-led joint House committee on Finance,
Legislative Budget and Research, National Planning and Aid, Loans and Debt
Management, also called for “bombing of illegal refineries” in the Niger Delta
region.

The CBN governor, who was drilled by members of the joint
committee for over 3 hours, queried whether NNPC has required facility for
measuring of the actual crude oil explored across the country.

To curtail the extent of corruption and shady deal in the
sector, the CBN chieftain, called on the National Assembly to strengthen NEITI
and ensure quick passage of the long awaited Petroleum Industry Bill (PIB).

In his submission, the Chairman of the joint committee,
Abdulmumin Jubrin, noted that the projection for exchange rate for MTEF was
consistently N160 for 2013 to 2015, except for 2012 that was N155.

He said “most of the time we give analysis, we make
comparative analysis with countries around the world and when we talk about the
issue of benchmark, what most of these countries does with  their surplus at the first instance is
subsequently to balance their budget.

“When they borrow, what they do with the money can be
physically seen as it is tied to specifics. When they save. They save
transparently in a way that even the layman in the street will understand. My
worry is that we have been doing these processes, budgetary process, fiscal
planning, monetary policies but if am going to limit it to budgetary process,
it has always been the same or similar.

“The process is the same, the parameters are similar, the
modules are the same, same institution, same system and many of the
personalities are even the same. We want to get things differently in 2013 and
moving forward in 2014 and 2015 and subsequent years, it means that something
have to change”.

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NPA Assures On Staff Welfare 

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2 weeks ago

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June 27, 2025

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The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said the management will continue to accompany its port infrastructure  and equipment  modernization drive  with the development of the welfare of its personnel.
Dantsoho made the disclosure recently while responding to the commendation by the Maritime Workers Union (MWUN) and the senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC) on the  clearing  of the age-long problem of employee stagnation, when the union paid him a courtesy visit at the Authority’s headquarters in Lagos.
A Statement by NPA’s General Manager Corporate & Strategic Communications, Mr. Ikechukwu Onyemekara, quoted Dantsoho as saying,  “our Port infrastructure and equipment modernization drive will go hand-in-hand with continuous staff welfare improvement”.
The NPA MD disclosed that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch, adding that “talent development constitutes a critical success factor for the actualization of the big hairy audacious goals we have set for ourselves especially in the area of Port competitiveness.
“The only way we can meet and indeed exceed stakeholders’ expectations is to deepen the competencies of our human resources assets and boosting their morale.”
Speaking further, Dantsoho commended the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for approving the strategic proposal of the Dantsoho-led Management team that solved the over a decade-long problem of lack of promotion that had fuelled industrial disharmony.
“I must specially appreciate our amiable Minister for graciously approving the multi-pronged stratagem we deployed that cleared all outstanding cases of employee stagnation by conducting examinations in one fell swoop and instituted timelines to forestall a recurrence of such anomaly”, he sad.
Speaking on behalf of the joint maritime labour unions, the President  of Senior Staff Association of Statutory Corporations & Government-Owned Companies (SSASCGOC), Comrade Bodunde stated, “In addition to clearance of the backlog of stagnated promotions, we also wish to express our appreciation for the increase in productivity bonuses, provision of end-of-year welfare packages for staff, and the revision of the Financial Guide to the Condition of Service, which now addresses our members’ concerns about inflationary pressures.”
Nkpemenyie Mcdominic, Lagos
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ANLCA Chieftain Emerges FELCBA’s VP

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2 weeks ago

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June 27, 2025

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National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Elder Olumide Fakanlu, has been elected Vice President of the Federation of ECOWAS Licensed Customs Brokers Association (FELCBA).
The election took place during the FELCBA Congress, held from Tuesday, June 17th to Thursday, June 19th, 2025, in Freetown, Sierra Leone.
Fakanlu’s emergence as Vice President marks a significant achievement for Nigeria within the regional customs brokerage community.
Apart from Fakanlu, Secretary of the Seme Chapter of ANLCA, Austin Nwosu, was also elected, securing the role of Secretary of Relations with Institutions.
The Nigerian delegation played an active role in the congress, with Michael Ebeatu nominated as a member of the electoral officer team, ensuring a fair and transparent election process.
The three-day congress concluded with delegates undertaking a visit to the Sierra Leone Port, offering insights into the host nation’s maritime operations, followed by a recreational trip to the Tokeh Beach.
The newly elected executives are expected to lead FELCBA in its efforts to harmonize customs brokerage practices, promote trade facilitation, and advocate for the interests of licensed customs brokers across the ECOWAS sub-region.
Nkpemenyie Mcdominic, Lagos
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NSC, Police Boost Partnership On Port Enforcement 

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2 weeks ago

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June 27, 2025

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In a bid to enhance more enforcement in the nation’s Port, the Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to stronger inter-agency collaboration with the Nigeria Police Force (NPF).
The Council said the collaboration is aimed at enhancing stronger enforcement, compliance and improve operational efficiency across Nigeria’s ports.
Executive Secretary/Chief Executive Officer of  NSC, Dr. Pius Akutah, made this known during a visit to the  Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, at the Force Headquarters, Abuja.
The visit, which he said, focused on strengthening institutional synergy, comes in the wake of growing responsibilities for the NSC under the newly created Ministry of Marine and Blue Economy.
Akutah emphasized the critical role of security agencies in supporting port operations and ensuring regulatory compliance.
He called for the posting of police officers to assist the Council’s monitoring and enforcement teams at key port locations including Lagos, Warri, Onne, Port Harcourt, and Calabar.
“The posting will complement the activities of our revived task teams and enhance our ability to enforce standards across the maritime logistics chain”, he said.
Earlier, the Inspector-General of Police, Dr. Egbetokun, assured the Council of the Force’s readiness to continue supporting the growth of the maritime sector.
The IGP acknowledged that compliance enforcement is essential to the successful implementation of Nigeria’s Blue Economy objectives.
“The NSC and NPF are expected to deepen collaboration in the months ahead, with a shared focus on building a secure, efficient, and competitive port environment”, to the IGP emphasized.
Chinedu Wosu
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