Business
Oil Theft: IPMAN Urges Increased Security In Communities
The National President, Independent Petroleum Marketers’ Association of Nigeria (IPMAN), Mr Chinedu Okoronkwo, yesterday called for increased security in some Lagos communities to end oil theft.
Okoronkwo told newsmen in Lagos that oil theft and pipeline vandalism in Majidun and some other communities had been costing Nigeria much revenue.
“Communities such as Majidun, Arepo, Ogolonto and Makoko in Lagos State are known for illegal oil bunkering and pipeline vandalism which need security beef-up to checkmate,’’ he said.
Okoronkwo said that the perpetrators of the illegal activities used self-propelled barges and wooden boats to ferry stolen products.
“They usually carry arms to confront anyone who attempts to stop their operations,’’ he  said.
The IPMAN president noted that oil theft and pipeline vandalism had become a major challenge that must be tackled adequately for economic growth.
“These illegal activities have not only led to significant losses in revenue accruable to the Federal Government, but caused damage to strategic installations.
“Pipeline vandalism has led to pollution of the maritime environment and, in some cases, fire disasters resulting in loss of lives and property.’’
He appealed to security agencies to consider establishing bases to checkmate the illegal activities in the areas.
Okoronkwo also appealed to members of the communities to alert security agents of any illegal transportation of petroleum products by suspected vandals.
“Whatever is going on in their environment should be of great interest to the residents for the economic survival of the nation,” he said.
The Nigerian Navy on Oct. 7 impounded more than 2,000 gallons of petroleum products at a suspected vandals’ hideout at Majidun in Ikorodu, Lagos.
The products were concealed in 50-litre jerry cans.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
 
														“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
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