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N1.1bn Fuel Subsidy Fraud: We’re Guilty –PPPRA

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The Petroleum Products Pricing Regulatory Agency (PPPRA) yesterday admitted that it verified the documents used by Abdullahi Alao and two others to obtain the subsidy payments from the Federal Government.

Alao, son of Ibadan-based business mogul, Alhaji Azeez Arisekola-Alao; Opeyemi Ajuyah and Olarenwaju Olalusi are being prosecuted by the Economic and Financial Crimes Commission before Justice Lateefat Okunnu of a Lagos High Court in Ikeja.

The three oil marketers and their companies— Majope Investment Ltd. and Axenergy Ltd. were charged with N1.1 billion fuel subsidy fraud.

At the proceeding, EFCC counsel, Mr Francis Usani, called two officials of the agency to testify against the defendants.

The witnesses are: Head, Lagos Zonal Office, Mr Victor Chidok,  and Mrs Omolara King, a senior field officer of the PPPRA.

Chidok, in his testimony, confirmed that the set of 37 documents used by the defendants to obtain the subsidy payments from the Federal Government were verified by the PPPRA.

He said the documents were also verified by other agencies including the Department of Petroleum Resources, the Nigerian Navy and the customs before they were signed by the agency.

Also testifying, King said she was informed that the defendant’s vessel, MT Brig had berthed at Lister Jetty in Apapa on January 21, 2011.

The witness said she participated alongside other agencies in inspection of the vessel which was aimed at knowing the quantity and quality of the product brought in.

King said: “The haulage quantity was about 15,000 metric tonnes.

“The hoses were then connected to the vessel for discharge to the shore tank.

“After that I left because it is not humanly possible for me to be there throughout the duration of the discharge because it can take days”.

The witness said she did not participate in the dip to determine the quantity of the products discharged into the shore tank.

“For this particular transaction, we did not dip the tank but we signed the shore tank certificate on January 25, 2011.

“The shore tank certificate is very important because it determines the amount that will be paid to the marketer as subsidy”, she added.

Under cross-examination by Ajuyah’s counsel, Mr Oludare Falana, the senior field officer admitted that she did not know whether the 15,000 metric tonnes were all discharged.

King further admitted that the former head of Lagos zonal office of the agency, Mr Tope Ogundola, approved the transaction after checking the relevant documents.

The matter was adjourned till March 27 for continuation of trial.

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Victory Over Insurgency Certain, Tinubu Assures

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President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

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US Embassy, Lagos Consulate Close Today For President’s Day

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The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

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United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

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