Business

NNPC, DPR Uncover Illegal Fuel Reservoirs In Abuja

Published

8 years ago

December 27, 2017

A combined team of the Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR) and security agents have uncovered illegal reservoirs of fuel in Abuja.
Speaking at the site of the mini depot, the Group Managing Director of the NNPC, Dr Maikanti Baru, said it was saddening to make such discoveries in the city center when less than 500 meters away, motorists were on endless queues.
The Tide reports that hundreds of jerry cans, 200-liter drums, and 500 liter tanks were uncovered in a sting operation by the team in the city center.
According to him, the perpetrators have caused untold pain and hardship on Nigerians during a crucial season as Christmas.
“In the war room (where crucial issues are discussed during fuel crises), we asked ourselves why the situation (fuel queues) persists.
“We got an intelligence report of these mini depots and as you can see, these golf cars that are supposed to have 40 litres have tanks that can take 200 liters of petrol.
“This other one is a mini depot. Although some of the products are diesel, the DPR says it is unauthorised. We have over 50 days supply of diesel and so there is no reason to hoard the product,’’he said.
The Abuja Zonal Controller of DPR, Mr Mohammed Abba told newsmen: “We have arrested 20 people in connection with those who sell in jerry cans in Zone One alone and their facilities.
“We are handing them over to the Nigeria Security and Civil Defense Corps, because the DPR has no capabilities to prosecute.
“We will test for forensic analysis and we will pursue the case to court’’.
Mr Aminu Abdullahi, Assistant Commandant-General Operations, Nigeria Security and Civil Defense Corps while receiving the perpetrators confirmed receiving the 20 persons.
“We have received the suspects and DPR will be called in for forensic analysis to test what was handed over,’’ he said. A survey of filling stations by The Tide in the FCT revealed that motorists are lamenting the harsh conditions on fuel queues on Christmas Day.
Some of the filling stations visited by our reporter were the NIPCO along Jabi, Oando in Zone 1, Texaco on the Airport Road and NNPC Mega Station along Zone 1 and on the Kubwa Expressway.
Our source reports that though there was presence of security agents in almost all stations visited, the queues were rowdy with angry commuters screaming themselves down.
The source also reports that at the NNPC mega station, the rowdiness was caused by two cars on an illegal queue that blocked the main queue and insisted on entry.
The presence of three security agencies comprising a military man, a policeman and a civil defense man did nothing to intimidate the driver who kept saying: “It is sad that I have to be at a filling station today.
“My family is at home waiting for me to come and take them out. This is unfair, sad and cruel. This is my worst Christmas’’.
At Jabi, our source reports that the security men were dressed to the hilt with helmets as if ready for chaos but there were still very long illegal lines blocking the exit to NIPCO. A motorist, Mr Salau Agidingbi said: “It is these illegal queues that cause chaos during crisis such as these. they block flow of oncoming traffic, block the exit for drivers that have got fuel after queuing up for hours and want to be served immediately they get into the station”.

Business

Boat Mishap Kills Pastor, Wife And Church Members In Brass Water

Published

4 days ago

May 18, 2026

The Tide

A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways

The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and members of his church were in a programme.

?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet to be recovered

as search party are still ongoing.

Although the real cause of the boat Mishap is not yet known as at the time of this report, our Correspondent gathered that the identities of the Pastor, wife and church members were not disclosed to the public.

The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit

The Bayelsa State government and the state police command are yet to issue official statement’s on the sad accident

By: CHINEDU WOSU

Business

Rivers Workers Seek Scrapping Of Contributory Pension Scheme

Published

4 days ago

May 18, 2026

The Tide

The Rivers State Council of Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.

Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt, recently.

Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.

He noted that the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.

According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.

He also informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.

“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.

Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.

The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.

He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.

Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.

The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.

He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.

Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.

By: King Onunwor

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

1 week ago

May 13, 2026

The Tide

The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.

Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.

According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.

Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.

“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.

The minister noted the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.

According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.

Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.

He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.

“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.

He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.

“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.

Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.

“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.

“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.

Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.

She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.

Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).

“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.

“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.