News
Reps Grill MRS, Emadeb, Jay Maikifi, Others Over Bad Fuel

The House of Representatives, yesterday, began the probe of importers and suppliers over the contaminated fuel that has caused chaos and scarcity across the country.
The House grilled two companies, MRS and a consortium of four companies, including Emadeb, Hyde, Jay Maikifi and Brittania-U, who were fingered as the suppliers of the fuel by the Nigerian National Petroleum Company(NNPC) Limited.
Chairman of the House Committee on Petroleum Resources (Downstream) handling the probe, Hon Abdullahi Gaya, at the session, said the probe as mandated by the House was necessary to ascertain the circumstances of the importation of the toxic fuel and evolve measures to forestall future occurrence.
Appearing before the committee, MRS denied importing contaminated fuel into the country.
Represented by its Chief Executive Officer, Mrs Amina Maina, the company said they were certified by NNPC on the importation.
“We received a letter, inviting us to this public hearing in regards to the alleged contamination of fuel imported into the country. So, that’s the reason why we are here.
“We are here to clarify the issues regarding the importation of fuel. I think the MD of NNPC was here, and he did clarify that the fuel which we imported was not out of the specification or adulterated.
“Yes, there has been a lot of conversations regarding whether or not we brought in fuel which is contaminated.
“Let me state that there is an approved specification of PMS which is imported into Nigeria.
“That specification is in the product we brought in. And I think the GMD of NNPC, attested to the fact that the product which we brought was tested, and it met Nigeria’s specifications.
“On arrival, it was tested by the NNPC inspectors, and it met the specification before the vessel was discharged.
“The normal procedure is that the NDMPR would normally have their own inspectors to test and certify what was discharged, and all of that was done, and certified Ok before the vessel was discharged.
“So, we did not bring in any adulterated fuel,” Maina said.
In his ruling, Gaya asked the company to produce all relevant documents backing up their oral presentation.
“I think in our letter we said you should give us all relevant documents from the beginning to the end.
“Honourable colleagues, this is just to engage the NNPC and the downstream for them to explain and give us documents.
“We have already informed them that after going through the documents, we are going to invite them again to come, so that if we have any other thing to verify, they will have to tell us.
“For now, it is just for them to explain and give us the document. If there is need to call her back, then, we will call her back,” he said.
Also testifying before the panel, the leader of the Consortium, including Emadeb, Hyde, Jay Maikifi and Brittania-U, Mr. Adebowale Olujimi, said that Britannia-U handled the importation.
He said: “On June 16, 2021, the Consortium members executed a consortium agreement, which defined the rotational responsibilities of members, sequential alternate crude lifting/petroleum product delivery and indemnification of other members against liabilities, claims, etc., that may arise during a member’s underperformance or failure to perform under the DSDP contract.
“The Consortium was awarded the DSDP contract on June 22, 2021 by NNPC.
“The delivery of the petroleum product and crude lifting have been done strictly on a rotational basis by the respective consortium members.
“Some of the Consortium members – Emadeb/Hyde and AY Maikifi— immediately engaged a reputable international company for delivery of all PMS cargoes and prompt loading of crude oil; while Brittania-U chose to engage a different entity for her own supplies.
“Brittania-U also preferred to liaise directly with NNPC and took responsibility for all her transactions without recourse to the other consortium members.
“All evidence to substantiate Brittania-U’s position are attached for references.
“The other consortium members — Emadeb/Hyde and AY Maikifi— have successfully delivered 270,000 Metric Tonnes (MT) of Premium Motor Spirit (PMS), while Brittania-U also delivered 90,000MT PMS.
“The PMS alleged to be Methanol-Blended was solely delivered by Brittania-U via MT Torm Hilde in January, 2022.
“The other Consortium members — Emadeb/Hyde and AY Maikifi — were not privy to the arrangements for the delivery of the aforementioned PMS and documentary evidence relating to the PMS.”
Explaining herself to the panel on the circumstances of the importation, the Chief Executive Officer, Brittania-U, Uju Ifejirika, said that their product met the approved specification.
“We have a DSDP contract with NNPC. We have done that for two and half years. This is our 10th cargo and none of our cargos were off-spec, and this particular one was not off-spec.
“Before a cargo will come in, there will be a test at the port of loading which they did.
“Whoever that is importing for us, we must give that document to them, and based on that, they will do their own sample and our supplier do their sample, and they gave us the sample result, which we handed over to NNPC and NNPC confirmed it was Ok.
“Now, the second point of test; the cargo arrived at offshore, Lagos, the vessel tendered NOR.
“We transmitted that to NNPC, and they now appointed their inspector. That’s GMO while we have SEBOD. They now went offshore to test the product.
“When they finished testing the product, there is a joint certificate given by GMO, that is NNPC-nominated cargo inspector and our own.
“You can’t bring in the cargo without NNPC inspector jointly carrying out the test, and we presented it and it met specification. NNPC tested and gave us certificate, saying that the product met specification.
“Our product came in 4th of January, and there is no state that 77million litres will not finish it in our week.
“The normal legal position is that when you bring in a cargo and it moves from mother vessel to daughter vessel, custody transfers and at that point, we do not have any legal control over the product. And we have all our certificates.
“Now, they are saying that we brought in off-spec. At what point? You cannot have 90,000 metric tons and you came out with a press release on the February8, which was more than a month after this project came in.
“Did anybody call us? Was there any joint test between us and the NNPC? There was none.
“They did an independent inspection. What is the test result? We don’t have the test result as we speak today.
“We have all our documents and it met the Nigerian specification,” Ifejirika said.
Ruling on the matter, Gaya asked her to tender all relevant documents detailing her presentation.
News
Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”
News
FG Laments Low Patronage Of Made-In-Nigeria Products

A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.
News
Nigeria Seeks Return To JP Morgan Bond Index
The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.