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Battle For The Soul Of NNPC

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Nigeria’s fattest cow, the Nigerian National Petroleum Corporation (NNPC) is bleeding.
This time around, not as a result of bursting of its pipeline facilities by vandals or illegal bunkering activities, but due to clash of vested interest over its administrative and financial running procedures.
The life of this critical government parastatal is on the line and like a ravaged and utterly exposed woman, the corporation now lies helplessly in an intensive care unit, with the  hope of its survival hanging in the air.
The shadowy operations and internal squabbles in the corporation caught public attention when the Minister of State for Petroleum, Ibe Kachikwu burst the bubbles against the management of NNPC through a protest letter to Nigeria’s President, Muhammadu Buhari.
Kachikwu in the protest letter to his principal, ripped cans of worms open when he disclosed that the operations of NNPC, under the watch of Dr. Maikanti Baru as Group Managing Director (GMD), was shrouded in secrecy.
Kachikwu, a former GMD of NNPC in his now controversial memo picked holes in the modus operandi of the NNPC (GMD), Maikanti Baru.
The memo revealed that contract worth over $25bn were unilaterally awarded without recourse to due process, while appointments are made without consultation of key stakeholders especially with NNPC Board of Directors.
The memo sought among other things to promote application for fair and competitive standard and ethical practices in the corporation.
Kachikwu was said to have raised the memo out of apparent frustration after his several overture to discuss with his principal, President Buhari, were turned down by the president’s top cronies in Aso Rock, who are linked with the NNPC scam.
The development has since created a lingering disagreement between Kachikwu and Baru.
Buhari’s Chief of Staff, and NNPC Board member, Abba Kyari, was also fingered to have worked in connivance with the NNPC’s GMD to frustrate Kachikwu’s moves within the presidency.
The Minister of State for Petroleum was therefore left with no option than to rouse the seeming insensitivity of the President to his perceived persecution by the Aso Rock henchment through public alarm.
The NNPC GMD, Maikanti Baru however dismissed Kachikwu’s claims as false. In a swift response, Baru faulted Kachikwu especially on his accusations of irregularities in the award of contracts but was apparently silent on the issue of making appointments in the corporation without due consultations.
Baru explained that no money was involved in the contracts and that the NNPC Tenders Board has no business reporting to Kachikwu and the corporation’s Board.
Irked by Baru’s response, Kachikwu’s loyaltists have equally given a counter response insisting that Baru’s silence on the controversial appointment in the corporation was an indictment on his part.
They dismissed Baru’s response as “self serving” and urged the NNPC GMD not to hide behind illegality to justify wrong actions and called for proper investigation of the matter, “especially as it relates to policies on public procurement as enshrined in relevant laws and regulations governing procurement in Nigeria”.
On Baru’s submission that Kachikwu has no business in the internal administrative policies of NNPC, Kachikwu’s loyalists pointed out that constitutional provisions are clear on the president’s statutory rights to delegate power to his minister or any government functionary.
They insisted that Kachikwu as a former GMD of NNPC was not a novice in the corporation’s politics, as he was reputed to have instituted a culture of transparency at all levels under his watch, by publishing reports of operations in the corporation and briefing stakeholders periodically.
However, as the clash of interest rages on between Kachikwu and Baru’s camps, Nigerians are of the view that the controversies surrounding the operations of NNPC should not be swept under the carpet.
A Port Harcourt-based legal practitioner, Barrister Barivure Kpobe, described the NNPC scam as a tactical reflection of the rot in all critical sectors of the economy.
Commenting on the shocking revelations from the parties involved in the NNPC crisis, the Port Harcourt-based lawyer said proper investigations should be carried out to ascertain the true position of things in the corporation, while the law should take its full course.
A youth activist and public affairs analyst, Comrade Legborsi Yaamabana, called on all the parties involved to submit themselves to proper investigation and advised the presidency not to shelve anybody from appropriate investigation.
He decried a situation where some government officials will hibernate under the cover of the presidency to commit countless economic atrocities against the people.
“The government does not belong to any single individual or group of privileged persons. It is a thing of shame that some people abuse opportunities of being in power to swindle the people. The antics of some of the people involved in the NNPC scandal, shows that they are not remorseful even in the face of glaring revelations. The President should ensure that justice is done in this matter by ensuring that all those involved in the scandal face the wrath of the law,” he posited.
In his view, a university teacher, Dr. Steve Wodu, expressed disappointment over the shocking revelations of unethical practices in the NNPC.
Dr. Wodu, an environmental sociologist and senior lecturer in the University of Port Harcourt, said the president should be cautious against those running a parallel regime while disguising as his confidants but bent on imposing their self-serving motives on the people.
He said: “the NNPC’s scandal was a manifestation of the gold digging experiments of some self-appropriating public officials who hide under political cover-ups to milk the nation dry.”
Dr. Wodu, who described the NNPC as a major source of Nigeria’s economic prosperity, called for the review of the corporation’s act to serve its specific objectives and not to be a conduit pipe for self appropriation of tax payers money.
Popular radical lawyer and social crusader, Femi Falana in his own reaction to the NNPC scandal has called on the President to relieve himself of the ministerial position as head of the petroleum ministry, which is already subsumed in his presidential role.
In Falana’s postulation, the President’s role as Minister of Petroleum does not entirely detach him from the festering web of corruption in the NNPC.
He averred that giving up his position as Petroleum Minister will allow room for proper surveillance and Xray of activities in the Nigeria petroleum sector.
Pundits had earlier faulted the nomination of President Buhari’s Chief of Staff, Abba Kyari as a member of the NNPC Board on the ground that Kyari’s appointment was a duplication of duty, as some part of the country especially the South East do not have a representative on the NNPC Board.
Former National Chairman of the Nigeria Bar Assocation, Olisah Agbakoba, has already instituted a suit against the Federal Government for deliberately slighting the South East in the appointment of Board members for the NNPC.
Agbakoba’s argument is that appointments into sensitive positions in Nigeria should be based on the imperatives of justice and not skewed to favour a particular section of the country.
Others view Kyari’s appointment as a common place practice of availing indepth cronies of government unfettered access to juicy positions, on a note of compromise and pacification.
The NNPC ordeal to them is just a tip of the iceberg on the sordid realities in different sectors of the economy, where opportunists count on political patronages and undue concessions to cash in on the economy.
For the Minister of State, Petroleum, Ibe Kachikwu, his ordeal in the NNPC appears to be a reverberative consequence on his earlier deviant posture on the unilateral increase in the pump price of PMS.
His then decision was offensive to the sensibilities of Nigerians but he was undettered and revelled in the impositional act.
It could be recalled that President Buhari’s long standing profile of altruism and zero tolerance for corruption were his greatest political capital, especially during the 2015 general election.
However, his seeming lacklustre attribute to tame the excesses of his acolytes appear to be turning the table against him and his government.
Nigerians believe that the NNPC saga is another test for the president to exonerate himself, by yielding to sober reasoning and save not only the NNPC but the Nigerian state from imminent collapse. Nigerians still await the illusive change that is the hallmark of Buhari’s administration of change mantra.

Taneh Beemene

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Rivers PETROAN Elects 12-Member Executive 

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The Petroleum Products Retail Owners Association of Nigeria (PETROAN), Rivers State Branch, has elected a 12 – member executive to steer the affairs of the association for the next four years.
The executive, elected during the Annual General Meeting (AGM) of the association, at it’s secretariat in Port Harcourt, and sworn in immediately after the election, was mandated to, among other things, tackle the adulteration of petroleum products as well as address irregularities in meter readings across the state.
The newly elected executive include, Pastor Ezekiel I. Eletuo  as  Chairman,  Kanu Addeson C. as Vice Chairman , Dr. Ejike Jonathan Nnbuihe as Secretary,  Fidelis A.Inaku as Treasurer and Lady C. N. Ekejiuba as Financial Secretary.
Others are Anaenye Anthony as Publicity Secretary, Arc. Kingsley O. Anyino as Organising Secretary, Nze Peter Ezenwa as Chief Whip, and Sunny Williams as Auditor.
Other members of the executive included Chidiebere Ronel Akwara as Welfare Officer, Ibe Chimaobi C. as Legal Adviser, and Emetoh Chizoba as Assistant Secretary.
Inaugurating the new leadership, PETROAN Zonal Chairman, High Chief Sunny G. Nkpe, charged the team to build on the achievements of the outgoing executive.
He urged them to collaborate with stakeholders in the petroleum sector to ensure industry stability and address issues of multiple taxation.
Nkpe who emphasized the need for transparency, accountability, and an open-door policy in administering the union, insisted these principles remained crucial in advancing the association’s objectives and improving members’ welfare.
The zonal chairman also commended the outgoing executive for their accomplishments during their tenure and for conducting a smooth transition process.
He further described their efforts as instrumental in strengthening the union’s standing in the state.
In his acceptance speech, the new Chairman, Pastor Ezekiel I. Eletuo, thanked members for their confidence and pledged to improve on the foundations laid by the previous administration.
He promised his leadership would be guided by transparency, accountability, fairness, unity, and integrity.
Eletuo called on all members to support the new executive in its efforts to elevate the association.
Also speaking, the immediate past Chairman, of the association, Sir Chilam Francis Dimkpa, expressed appreciation to members for their support during his administration and stressed the need for them to extend the same cooperation to the new leadership.
Dimkpa highlighted key achievements of his tenure to include capacity building for members, increased union visibility through media advocacy, and the establishment of stronger ties with stakeholders, corporate organisations, and individuals.
He also acknowledged the support of the state government, the Police, the Department of State Services (DSS) and the Nigeria Security and Civil Defence Corps (NSCDC).
Stakeholders present at the event also delivered their goodwill messages.
Highlights of the event included  administration of oath of office to the new executive and the presentation of certificates of return by the zonal chairman.    .
By: Amadi Akujobi
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FG Intensifies Efforts To Reposition Tourism Sector 

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The Federal Government has intensified efforts towards reposition Nigeria’s hospitality and tourism industry for global competitiveness, aimed at strengthening regulation, professionalism and workforce standards across the sector.
This was made known last week when the National Institute for Hospitality and Tourism (NIHOTOUR) conferred  fellowships, inducted professionals and inaugurated the governing boards of the Hospitality and Tourism Sector Skills Council of Nigeria (HTSSCN) in Abuja.
The high-profile event, held at Merit House, Maitama, drew senior government officials, regulators, tourism operators, cultural institutions, hospitality investors and development partners in what stakeholders described as a major institutional shift .
Government also formally inducted registered practitioners into various professional categories while also inaugurating the Board of Trustees and Board of Directors of the HTSSCN, an employer-led platform designed to align workforce competencies with industry expectations.
Speaking at the event, the Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, said the initiative represented a strategic intervention to strengthen accountability, standards and institutional coordination within Nigeria’s tourism and hospitality ecosystem.
According to the minister, Nigeria’s vast cultural assets, tourism destinations and creative talents can only translate into sustainable economic value through professionalism, regulation and globally accepted operational standards.
She noted that tourism and hospitality industry remains one of the fastest-growing sectors globally, contributing significantly to employment generation, foreign exchange earnings and cultural diplomacy.
Musawa explained  that NIHOTOUR Establishment Act has expanded the institute’s mandate beyond training, positioning it as a regulatory and certification authority for hospitality, tourism and travel practitioners in the country.
“No sector can attain sustainable growth without structure, standards, institutional coordination and skilled professionals,” she said, stressing the need for stronger collaboration between government agencies, operators, training institutions and private sector stakeholders.
In his keynote address, the Director-General and Chief Executive Officer of NIHOTOUR, Abisoye Fagade, described the event as a historic turning point in the formalisation of Nigeria’s tourism and hospitality industry.
Fagade said the induction of practitioners, conferment of fellowships and inauguration of the HTSSCN governing boards marked the beginning of a new era of institutional governance, professional recognition and sector-wide coordination.
“Regulation and standardisation are no longer optional; they are economic necessities if Nigeria truly intends to compete globally,” he stated.
By:  Nkpemenyie Mcdominic, Lagos
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Big Oil Reconsiders Previously Unattractive Destinations

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The Middle Eastern crisis has prompted a reprioritization among international oil companies. Previously unattractive drilling destinations are suddenly looking quite attractive—even Alaska.
The oldest oil and gas producing part of the United States has for years been out of the spotlight as the industry moves to cheaper and faster-growing locations. The only news of any substance about Alaska recently was the Biden administration’s approval of the Willow project, led by ConocoPhillips, which was set to boost the state’s oil output by 160,000 barrels daily, and Australian Santos’ Pikka project, set to start commercial production this year. That was years ago. Now, Big Oil is eager to drill in Alaska.
Earlier this month, a lease sale in the National Petroleum Reserve in Alaska attracted record bids, worth a total $163 million. Among the bidders were Exxon, Shell, and Repsol, with the latter already partnering with Santos on the Pikka development. And this may be just the beginning.
Related: Saudi Aramco Looks to Raise $10 Billion from Real Estate Asset Deal
The Bureau of Land Management offered 625 tracts across about 5.5 million acres for bid in the sale, revived at the end of last year by the Trump administration. No lease sales were held in the National Petroleum Reserve in Alaska under President Biden. Yet under Trump’s One Big Beautiful Bill, there will be a total of five lease sales in Alaska over the next ten years.
“With the imminent start-up of the Pikka project on the North Slope, the reversal in the decline of oil production in the great state of Alaska is going to help put more oil in the Pacific area at an important moment,” Repsol’s head of upstream operations, Francisco Gea, said as quoted by the Financial Times. Gea called Alaska “a fantastic opportunity”. The Pikka project, which has a price tag of $4.5 billion, will produce up to 80,000 barrels daily.
It is indeed a fantastic opportunity, at the very least because it is nowhere near the Middle East and as such is a highly secure energy exploration destination. Canada is in a similar position, by the way: the head of the International Energy Agency earlier this month told an industry event Canada had a golden opportunity to step in as a secure energy supplier in a world that’s currently 14 million barrels daily short on supply because of the Middle Eastern crisis.
Security, then, is what has prompted Big Oil to return to the North—even Shell, which left in 2015 after writing off as much as $7 billion on an unsuccessful drilling campaign hampered, among other things, by strong environmentalist opposition. According to the Financial Times, the supermajor’s decision to partake in the latest Alaska lease sale was surprising for analysts.
However, according to chief executive Wael Sawan, the lease sale concerns a different part of the state. “It is a very, very, very different part of Alaska that we have gone to,” he told the Financial Times. “This is an onshore exploration opportunity in a very well-established basin that has been producing for some time… So this is not offshore Alaska where we have had the challenges in the past.”
Crude oil is not the only thing drawing the energy industry to Alaska in these times of oil and gas trouble. Gas is also a magnet—in this case, in the form of the Alaska LNG project. Interest in the Alaska LNG export project has spiked since the war in the Middle East choked 20% of global LNG supply and sent Asian buyers scrambling for expensive spot cargoes.
Glenfarne Group, the majority owner and developer of the facility, aims to sign binding offtake agreements with buyers soon and advance final investment decisions to later in 2026 and early 2027, company executives told media earlier this year on the sidelines of an energy conference in Tokyo.
“There’s a real interest, particularly with everything happening in the Middle East right now. Everyone would like to get those (preliminary deals) turned into long-term agreements,” Adam Prestidge, president of Glenfarne Alaska LNG, told Reuters in March.
Alaska LNG is designed to deliver North Slope natural gas to Alaskans and export LNG to U.S. allies across the Pacific. An 800-mile pipeline is planned to transport the gas from the production centers in the North Slope to south-central Alaska for exports. In addition, multiple gas interconnection points will ensure meeting in-state gas demand.
The latest Alaska developments show clearly how the Middle East war has put energy security back in the spotlight, making previously challenging locations desirable again. With an estimated 1 billion barrels of oil supply wiped out of markets since the war began, according to Aramco’s Amin Nasser, alternative supply sources have become urgently needed, and not just for the short term. Even if the Strait of Hormuz reopens soon—which at the moment seems unlikely—energy security will in all probability remain a top priority both for energy producers and for consumers.
By Irina Slav for Oilprice.com
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