Consumers Pay N2.113trn For Petrol In 13 Months, NNPC Confirms
The Nigerian National Petroleum Corporation (NNPC), yesterday, disclosed that it sold N2.113trillion worth of petrol between March 2020 and March 2021.
The corporation, in its NNPC Monthly Financial and Operations Report for the month of March 2021, said total revenues generated from the sales of white products for the period of March 2020 to March 2021 stood at N2.129trillion, with petrol sales contributing about 99.24 percent of the total sales.
The corporation, in a statement by its Spokesman, Dr. Kennie Obateru in Abuja, yesterday, stated that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded N234.63billion revenue from the sale of white products in the month of March 2021 representing a 24.7 percent increase from the N188.15billion sales recorded in the previous month of February 2021.
NNPC explained that in terms of volume, 1.75billion litres of white products were sold and distributed by PPMC in the month of March 2021 compared to 1.4billion litres in the month of February 2021.
“This volume is made up of 1.782billion litres of Premium Motor Spirit (PMS) and 0.45million litres of Automotive Gas Oil (AGO).
Total sale of white products for the period of March 2020 to March 2021 stood at 17.374billion litres and PMS accounted for 17.265billion litres or 99.37 percent”, Obateru stated.
He explained that “NNPC continues to diligently monitor the daily stock of PMS to achieve uninterrupted supply, effective distribution and zero fuel queue across Nigeria”.
NNPC also stated that in the Gas Sector, a total of 222.74billion cubic feet (bcf) of natural gas was produced in the month March 2021 translating to an average daily production of 7,183.33million standard cubic feet per day (mmscfd).
“For the period of March 2020 to March 2021, a total of 2,911.62bcf of gas was produced representing an average daily production of 7,409.60mmscfd during the period”.
The corporation disclosed that production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed about 63.23 percent, 19.78 percent and 63.99 percent respectively to the total national gas production.
“In terms of natural gas off-take, commercialization and utilization, out of the 210.55bcf supplied in March 2021, a total of 138.38bcf was commercialized, consisting of 45.42bcf and 92.96bcf for the domestic and export market respectively.
“This translates to a total supply of 1,465.42mmscfd of gas to the domestic market and 2,998.26mmscfd of gas supplied to the export market for the month.
“This implies that 63.18 percent of the average daily gas produced was commercialized while the balance of 36.82% was re-injected, used as upstream fuel gas or flared”, it added.
It said gas flare rate was 9.50 percent for the month under review (i.e. 671.13mmscfd) compared to average gas flare rate of 7.25 percent (i.e. 532.37mmscfd) for the period of March 2020 to March 2021.
“On domestic gas supply to the power sector, a total of 844mmscfd was delivered to gas-fired power plants in the month of March 2021 to generate about 3,530mega watts compared with February 2021 where 825mmscfd was supplied to generate 3,580mw.
The corporation said it recorded 70 vandalized points across its pipeline network in the period under review, representing 29.63 percent increase from the 54 points recorded in the previous month.
While the Port Harcourt area accounted for 63 percent of the vandalized points, the Mosimi area accounted for 21 percent and the Gombe area accounted for the remaining 16 percent.
Obateru stressed that NNPC was working in collaboration with the local communities and other stakeholders to effectively monitor the pipelines with a view to reducing and eventually eliminating the menace of pipeline vandalism.
Judge Warns Against Text Messages In EFCC’s N5bn Suit
Justice Inyang Ekwo of a Federal High Court, Abuja, has warned those sending him private messages in the N5 billion suit filed by the EFCC against Sen. Stella Oduah and others to desist from intruding into his privacy.
Justice Ekwo gave the warning on Monday during the hearing of the matter.
The judge made this known after counsel for Oduah (1st defendant), Onyechi Ikpeazu, SAN, and lawyer to Crystal Television Ltd (7th defendant), Ogbu Onoja, SAN, informed that moves were ongoing to resolve the matter without going through trial.
The judge then said: “Somebody has been breaching my privacy on this matter by sending me messages concerning this matter saying it is part of a concerned group.
“I will send security agencies to fish him out. You cannot be intruding into my privacy.”
Justice Ekwo, who condemned the act, said his records were public documents that could be assessed by anybody after the public laws had been complied with.
Responding, prosecuting lawyer, Hassan Liman, SAN, who appeared for the office of the Attorney-General of the Federation (AGF), also condemned the act.
He said even if the person was a party in the suit, he had no right to communicate with the judge.
Earlier, upon resumed proceeding in the matter, Liman told the court that the matter was slated for formal arraignment of the defendants pursuant to the order made in the last adjourned date.
He said he was ready to proceed.
But Ikpeazu said there were applications they planned to file and that they felt discussion should be had on this with the prosecution.
Onoja, who represented the 7th defendant, also informed the court that his client had approached the anti-graft commission and paid almost 95 per cent of the money alleged in the case.
“We are waiting for the commission’s response and almost about N80 million is remaining,” he said.
Liman admitted that it was true that counsel for the 7th defendant wrote to the EFCC, seeking for the discontinuance of the matter.
“I confirm also that Mr Ikpeazu spoke to me this morning,” he said.
The lawyer, who said that the matter was filed since 2020 said though he agreed that there was reconciliation move, he however argued that the defendants must take their plea once the matter had been filed in court.
“The money we are talking about is over N7 billion,” he added, saying it was not such amount Onoja was making allusion to.
Liman said though a letter had been written, he said the commission had not even considered it, despite making the payment.
He admitted that the delay in the prosecution of the matter was not the court’s fault.
“I urge my Lord to order them to take their plea,” he prayed.
Justice Ekwo, who said he was ready for the arraignment, said it would be better to dialogue with the defendants and if that failed, the trial could commence.
He consequently adjourned the matter until June 15 for report or commencement of trial.
Recall that the EFCC had sued Oduah, former Aviation Minister, alongside Gloria Odita, Nwosu Emmanuel Nnamdi and Chukwuma Irene Chinyere.
Others include Global Offshore and Marine Ltd, Tip Top Global Resources Ltd, Crystal Television Ltd, Sobora International Ltd and others.
The senator, who currently represents Anambra North Senatorial District at the National Assembly, was scheduled to be arraigned on alleged N5 billion fraud and financial misappropriation while she served as minister during President Goodluck Jonathan government.
In the 25-count charge marked: FHC/ABJ/CR/316/2020, they are accused of conspiracy, money laundering and maintaining anonymous bank accounts with a commercial bank.
RSHA Elects Amaewhule As Speaker
The Rivers State House of Assembly has elected former House Leader and the lawmaker representing Obio/Apkor constituency 1, Hon. Martin Amaewhule as the speaker of the 10th Assembly.
The House also elected the lawmaker representing Gokana constituency, Dumle Mao, as Deputy Speaker.
Amaewhule was elected yesterday after the 10th Assembly was proclaimed by Governor Siminalayi Fubara through a nomination by the lawmaker representing Okrika Constituency, Linda Somiari Stalwart and seconded by Major Jack of Akuku-Toru Constituency.
The Speaker in his speech, shortly after the oath of office, promised a top class Assembly that will come up with legislations that will stand the test of time.
Amaewhule commended members for voting him and assured them of a new assembly that Rivers people will be proud of.
He, thanked Governor Fubara for proclaiming the Assembly and also the immediate past governor, Chief Nyesom Wike, for his developmental strides in the state.
He also thanked the staff of the Assembly for assisting in the business of government.
Amaewhule is currently serving his fourth term as a legislator and was unanimously voted for by all members present.
The governor had earlier dissolved the 9th Assembly based on the constitutional provision as contained in the 1999 constitution as amended.
By: Ike Wigodo
Terrorism: Tinubu’s Charges Security Agencies On Synergy
President Bola Tinubu has charged security agencies in the country to share information in order to combat the negative effects of terrorism.
He said that hoarding such resources would be counter-productive in the fight against the menace.
The president stated this last Monday, during a tour of the new office of the National Security Adviser and facilities at the National Terrorism Centre (NCTC) in Abuja.
He said his administration recognised the relationship between security and economic revival, prosperity and development.
Tinubu said that terrorism is a global phenomenon that must be tackled with all resources in order to eliminate completely.
“If we as Nigerians are looking for economic revival, prosperity and development, then we have to give priority to security.
“What I have seen here is a demonstration of intelligence efforts to counter-terrorism. This must be backed by knowledge.
“Counter-terrorism that is not backed by knowledge and intelligence is not going to be of any service to any nation. We are going to work on that together.
“The effort of the entire armed forces of this country must be put together in a way that there will be one single focus on securing the country,” he said.
Tinubu, who described the tour of facilities at the new ONSA building as very important, said his administration would provide necessary support to the nation’s security architecture.
In his remarks, the NSA, retired Maj.-Gen. Babagana Monguno, thanked the president for making the visit his first engagement outside the Villa.
He said: “It reinforces his commitment, dedication and inflexible rigidity to ensuring that the security misfortunes of Nigeria and by extension the sub-region are overcome within the shortest possible time.”
Monguno pledged the total commitment and dedication of ONSA to ensuring that the president realises his promises to the people on security.
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