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‘Absence Of Laws, Policies Costs Nigeria N4.4trn’

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The Civil Society Legislative Advocacy Centre (CISLAC) says Nigeria loses over N4trillion annually in the extractive industry due to lack of laws and policies.
The CISLAC Director of Legal, Mr Adesina Oke, disclosed this at a stakeholders’ meeting, yesterday in Lagos.
The stakeholders’ meeting is a collaborative effort of CISLAC, Connected Development (CODE) and Oxfam.
Oke added that Africa also loses over $50billion every year due to Illicit Financial Flows (IFFs).
He, however, noted that pending laws before the National Assembly as well as policies yet to be implemented by the executive could have curbed these losses.
The legal director said that of the $50billion, Nigeria accounted for 30.5 per cent which represents $15.2billion.
Oke explained that out of the $15.2billion losses, the oil-dominated extractive industry alone represented 95.2 per cent of the figure, amounting to $14.5billion (N4.44trillion).
He regretted that bills that could have curbed and eventually stopped these loses had been pending before the National Assembly.
Oke listed some of the bills and policies to include: the Petroleum Industry Bill (PIB), Proceeds of Crime Bill, Whistle Blower Protection Bill and the policy to know the beneficial owners of registered companies.
In an interview with newsmen, Oke said that the losses coupled with corruption and mismanagement was the reason the nation has yet to reap measurable benefit from the sector.
“The truth is that there are so many problems confronting the extractive industry in Nigeria which has given birth to Illicit Financial Flows.
“From the discussions there are so many gaps, even in terms of our laws; there are so many laws that could have assisted Nigeria in combating IFFs in the extractive sector.
“Laws like the PIB are yet to be passed, the Proceed of Crime Bill is yet to be passed, and we also have the Anti-money laundering and other anti-corruption bills.
“There is need to implement the beneficial ownership for companies, whistle blowers policy and all sort of laws that could have been able to mainstream into an effective combat against illicit financial flows.
“There is nothing anybody can do except the national assembly is able to discuss and pass those laws and for the executive to assent to it,” he said.
Oke pointed out that those pushing for the bill to be passed might have to start afresh if the 8th National Assembly failed to pass the bills before it winds up in June.
He added that the Civil Society Groups and other stakeholders were already preparing to take on the 9th Assembly if the 8th Assembly adjourned without passing the bills.
“We had this dialogue to prepare us for the 9th Assembly so that we can immediately take off in ensuring that those bills are pushed and passed.
“The PIB has come a long way and we have been struggling to ensure these bills are passed, but it has been going front and back.
“It is not even as though what is contained in the bill is all that is desired, but it is better to have a law in place that you can amend than not to have any law at all.
“As it is now, those things that are primary are the ones that are being pushed so that we can have a PIB law in place then the amendments can come later.
“If these laws are in place, when something is not being done the way it ought to be done you can question; but when there are no laws, there is nothing you can do,” he said.
Oke also called for the use of technology to monitor and track the extraction and sale of oil, urging the Federal Government to emulate Saudi Arabia that invest in technology to track its oil.

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Nigerians Hit As Iran Rains Missiles On UAE

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Nigerians were among more than 140 residents injured after Iran launched multiple ballistic missiles and unmanned aerial vehicles at the United Arab Emirates, at the weekend.

This raised fresh fears for thousands of Nigerians living and working in the Gulf nation.

The UAE Ministry of Defence disclosed last Saturday that its air defence systems intercepted several missiles and drones fired from Iran, describing the attack as a major escalation in the ongoing regional tensions.

In a statement posted on its official X handle, the ministry said its air defence units engaged nine ballistic missiles and 33 drones during the latest assault on March 14.

It added that the attacks left six people dead and 141 others injured, including foreign nationals.

“The UAE air defence systems on March 14 engaged nine ballistic missiles and 33 UAVs launched from Iran,” the ministry stated.

“Since the onset of this blatant Iranian aggression, UAE air defences have engaged 294 ballistic missiles, 15 cruise missiles, and 1,600 UAVs launched from Iran,” UAE added.

According to the ministry, those killed in the attacks included citizens of the UAE as well as foreign nationals from Pakistan, Nepal and Bangladesh.

“Although the authorities did not specify the exact locations where the casualties occurred, the ministry said the injured victims were from several countries, including Nigeria.

Others affected include residents from Egypt, Sudan, Ethiopia, the Philippines, Pakistan, Iran, India, Bangladesh and Sri Lanka.

The list also included Azerbaijan, Yemen, Uganda, Eritrea, Lebanon, Afghanistan, Bahrain, Comoros, Türkiye, Iraq, Nepal, Oman, Jordan, Palestine, Ghana, Indonesia and Sweden.

The Tide reports that this development has sparked concern among Nigerian communities in the UAE, where thousands of citizens live and work in sectors such as construction, hospitality, logistics and trade.

Data from Nigeria’s diaspora commission shows that the UAE remains one of the largest destinations for Nigerian migrants in the Middle East, particularly in the emirates of Dubai, Abu Dhabi and Sharjah.

The Nigerian government had in recent years raised concerns over the safety and welfare of its citizens in the country following diplomatic tensions and visa restrictions affecting Nigerians.

Saturday’s attacks have now heightened anxieties within the diaspora community, especially as the Gulf region faces growing military confrontations.

In its statement, the UAE Ministry of Defence said the country remained fully prepared to confront any threats to its security.

“The Ministry of Defence remains fully prepared and ready to deal with any threats and will firmly confront any attempts to undermine state security in a manner that ensures the protection of its sovereignty, security and stability, and safeguards its national interests and capabilities,” the ministry said.

In a separate update, the ministry noted that its defence systems were still actively intercepting missiles and drones.

“UAE air defences are dealing with Iranian ballistic and cruise missiles and drones,” it said.

Regional media reports indicate that the attacks form part of a wider escalation of hostilities between Iran and Western-backed forces in the Middle East.

According to Al Jazeera, Iran has continued sustained missile and drone strikes across the Gulf despite protests from neighbouring states.

The strikes were said to be in retaliation for military operations launched by the United States and Israel against Iranian positions in the region.

Tehran targeted several Gulf countries, including Saudi Arabia, Qatar and the UAE, late on Friday and into Saturday.

The attacks also caused infrastructural damage in parts of the UAE.

Meanwhile, Iran’s elite military wing, the Islamic Revolutionary Guard Corps, warned that US interests in the UAE would remain legitimate targets.

Iranian state media reported that the group issued the warning after US forces attacked Iranian-controlled islands.

The IRGC specifically mentioned ports, docks and military installations linked to the United States as potential targets.

It also urged residents in the UAE to evacuate areas around ports and military facilities to avoid civilian casualties.

Security analysts say the growing exchange of threats and strike across the Gulf could destabilise the region’s economic and aviation activities if the conflict escalates further.

Nigeria’s Ministry of Foreign Affairs has yet to issue an official statement on the incident as of the time of filing this report.

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Fubara  Swears in Five New Commissioners …Says Their Best Is Needed for Rivers Dev

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Rivers State Governor, Sir Siminalayi Fubara, has charged the five new commissioners sworn-in last Wednesday to put in their best for the development of the State.

Fubara gave the charge during the swearing-in of the commissioners at the Executive Council Chambers of the Government House, Port Harcourt, last Wednesday.

This followed the successful screening of the five commissioners by the Rivers State House of Assembly, last Tuesday.

The five commissioners are Tonye Bellgam, Prof. Temple Nwofor, Dr. Peters Nwagor, Mr. Lekue Kenneth, and Sir Amairigha Edward Hart.

The Tide reports that the governor had sent nine commissioner-nominees to the Assembly for screening, but the Assembly confirmed only five nominees and rejected the nomination of four over various allegations.

Those rejected by the Assembly are Prof. Dantonye Alasia, Mrs. Charity Demua, Mr. Tamuno Williams, and Otonye Amachree.

The governor congratulated the new commissioners on their appointment, noting that their thorough screening by the Rivers State House of Assembly was a proof of their capabilities.

He urged them to deploy their wealth of experience in various fields and put the State on a fast lane of development.

“Ordinarily, I am supposed to charge you on your responsibilities and how to operate. But that has been taken care of by the screening at the Assembly.

“I believe that going through one of the most rigorous screenings, it is enough to say that for those of you who succeeded, you are fit and ready to deliver to our dear State.

“So there is no further charge. The screening was the charge, so I wish you the best as I don’t expect anything less than the best from you,” Fubara said.

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Navy Destroys Illegal Refinery In Rivers, Intercepts Stolen Fuel In C’ River

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The Nigerian Navy has intensified its crackdown on crude oil theft and illegal bunkering, destroying a reactivated illegal refinery site in Rivers State and intercepting suspected stolen petroleum products in Calabar, Cross River State.

The Director of Naval Information, Capt Abiodun Folorunsho, disclosed this in a statement released in Abuja, yesterday.

Folorunsho said personnel of the Nigerian Navy Ship SOROH, operating under Operation DELTA SENTINEL, destroyed a reactivated illegal refinery site at Okolomade Community in Abua-Odual Local Government Area of Rivers State.

He said the action followed credible intelligence that a previously dismantled illegal refining site had resumed operations.

According to him, an Anti–Crude Oil Theft team deployed to the location discovered that the dismantled refining oven had been reconstructed.

“Further exploitation of the area led to the discovery of additional refining equipment and storage facilities containing about 3,000 litres of product suspected to be illegally refined Automotive Gas Oil (AGO),” he said.

Folorunsho added that the illegal refining infrastructure, including ovens, storage tanks, hoses, connected pipes and newly acquired metal components used for illegal refining, was destroyed in line with operational procedures.

He said personnel of the Nigerian Navy Ship Victory, in another operation, intercepted about 3,950 litres of suspected stolen petroleum products at the Nigerian Ports Authority area in Calabar, Cross River State.

He said the interception was based on credible intelligence on suspected siphoning of petroleum products from vessels berthed at the port.

The naval patrol team, according to him, swiftly deployed to the area and traced the illegally siphoned products to a trailer park within the port facility.

“On sighting the naval patrol team, the suspected perpetrators fled the scene, after which the area was cordoned off and the illegally siphoned products secured,” he said.

Folorunsho said further inspection led to the recovery of about 3,950 litres of Automotive Gas Oil stored in drums and jerrycans, which had been evacuated to the naval base for further necessary action in line with extant regulations.

He noted that the successes aligned with the directive of the Chief of the Naval Staff, Vice Adm. Idi Abbas, to intensify operations against crude oil theft and other maritime crimes across Nigeria’s maritime domain.

Folorunsho reiterated the Navy’s commitment to sustaining the operational tempo of Operation DELTA SENTINEL through intensified surveillance, patrols and intelligence-driven operations aimed at combating crude oil theft, illegal bunkering and other forms of economic sabotage.

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