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Oil Theft Stalls Bonny Terminal From Functioning

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Pipelines, particularly those around the Bonny Terminal cannot function due to the activities of criminals.
The Group General Manager, National Petroleum Investment Management Services (NAPMS) of the Nigerian National Petroleum Company Limited (NNPCL), Bala Wunti, stated this during a tour of the facilities of the NNPCL.
In a statement, Wunti described as high the number of barrels stolen per day, stating that the supposed 270 barrels per day to be loaded was no longer feasible due to theft.
Wunti stated further that oil theft had caused the Nigerian nation to lose 470,000 barrels per day (bpd) of crude oil amounting to $7million monthly.
While lamenting the negative impact of pipeline vandalisation of crude oil production, gas supply, refineries operations among others, Wunti insisted that the siphoning of crude oil from the oil facilities affects the revenue of every stakeholder.
He said: “If you’re producing 30,000 barrels a day, every month, you get 1,940 barrels. So, what it means is that you can take it to 270 every four days. Calculate it in a month, you will have seven cargos on a million barrels, that’s seven million barrels.
“When you multiply seven million barrels by $100 that is $700 million lost per month, and about 150,000 barrels expected are differed; we are not producing due to security challenges.”
He noted that “the Shell Petroleum Development Company (SPDC) trunk line, TNP transnational pipeline, cannot be operated and it has been like this since March 3rd that we put in this.
“Just take your calculator; 150,000, it means if you want to arrive at 1 million barrels per day, it means every week, as a minimum, basically for one week alone, it’s four cargos, and four cargos is four million barrels. Four million barrels formula bar or $100 is $400 million.
“So, you can do your calculations by yourself, take whatever price you want, take this to multiply by the number of days that have been shortened since March 3rd.”
According to him, the impact of the activities of vandals causes low crude oil production, interrupted gas supply, countrywide interruption of distribution of petroleum products, refineries’ downtimes, increasing instability in the oil and gas market.
”I will tell you the major thing that affects us. Nigeria will suffer for it; the revenues are impacted, so we can only appeal to them to rein in themselves, the oil theft situation is regrettable.
It’s not going on across the whole of the Niger Delta, there are trunk lines that are more impacted on, I think the Bonny trunk line ranks highest”, he concluded.

By: Lady Godknows Ogbulu

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Rivers

NSE Members Tasked On National Dev

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Members of the Nigerian Society of Engineers, NSE, have been urged to work hard towards contributing to national development. This call was made at the recent induction of new members by the Port Harcourt branch of the Society. The induction ceremony was used to formally welcome new members and celebrate its elevated new fellows.
Speaking during the ceremony held a in Port Harcourt, the Branch Chairman, Engr. Idaeresoari Ateke Harriet, FNSE, called on members of the NSE to actively participate in the Society’s professional and technical activities in order to contribute meaningfully to national development. He congratulated the new inductees, describing their admission as a testament to their hard work and resilience.
Engr. Ateke also commended the new Fellows for their immense contributions to the engineering profession, reminding them that their elevation is a call to greater responsibility as mentors and role models.
The event featured a lecture by Engr. Prof. Steve Odi-Owei, FNSE, on “Opportunities and Challenges in Nigeria’s Blue Economy.” The Chairman noted that Nigeria’s maritime and aquatic resources remain largely untapped, adding that engineers have a crucial role to play in harnessing these resources for economic growth and environmental sustainability.
He thanked the first female President of NSE, Engr. Margaret Aina Oguntala, FNSE, other dignitaries, sponsors, and families of inductees for gracing the occasion.
Also, engineers, especially those in Rivers State have been advised to adhere strictly to the core ethics of the profession and to always uphold the professional ethics of the body.
This advice was given by an engineering expert, Basoene Benibo, in an interview with at the sidelines of the  induction ceremony and Fellowship celebration of the Port Harcourt Branch of the Nigerian Society of Engineers.
Benibo stressed the need for young engineers in the state to learn and improve on their skills by tapping from the wealth of experience of older professionals in the field to enable them excel.
 Benibo, who is a one-time Chairman of the Port Harcourt Chapter of the Nigerian Society of Engineers, also noted and hailed the efforts of the society in eliminating quackery in the engineering profession.
Some of the new fellows include Prof Jackson Akpa, Pereowei Jose’s and Telema Osima, while the inductees, Engr Mrs Lizzy Onwuso, Engr David Jonathan jnr and Worlu Emmanuel expressed joy in being found worthy to become full NSE members, believing that it would enable them have access to more knowledge, practice rightly and impact the society positively.
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VALVA Restates Commitment Education Advancement, Literacy In Nigeria

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The President and Chairman of Council, Nigerian Library Association (NLA), Dr. Dominic Amenaghawon Omokaro, has expressed deep commitment to the advancement of education and literacy in Nigeria through the library system.
Speaking through his state Chairman Dr. Chidara Okachukwu Nyemezu, at the formal Launching/inauguration of the Vanguard for Library Visibility And Advocacy (VALVA) at Captain Elechi Amadi Polytechnic in Port Harcourt recently, Omokaro discribed the inauguration of the new body as a significant and  passionate movement aimed at shining the spotlight on one of the underappreciated yet critical institution in Nigeria’s educational system and national development.
“We are gathered here not just to launch a group, but to launch a vision and ignite a movement to reinforce a mission to make libraries visible and valuable again for our people”, he said.
Dr. Omokaro stated that the birth of VALVA is based of the recognition that libraries, particularly school libraries, are the bedrock of  promoting a reading and research culture that includes innovation and lifelong learning in the society, though the system is grossly underfunded and poorly equipped in many cases.
He recalled the theme of its first week under his watch, “Library System for National Development in 2022”, which he hinted was driven by the state chapters.
He explained that the inauguration of VALVA shows an important mission to promote the visibility and development with impact on schools and other libraries through strategic advocacy that will advance quality education and foster lifelong learning culture in Nigeria.
“The vision is clear to promote the visibility where every school and indeed every community will have access to a functional library managed by a professional Liberian”, he said.
Speaking with journalists at the sideline of the event, the founder of the VALVA, Dr. Juliet C. Akex-Nmec, stressed that no society can grow without a functional and  effective library.
She urged government at all levels to ensure the establishment of effective and functional libraries across the country.
Dr. Alex-Nmec, who is also an Associate Professor of Library and Information Science, Rivers State University, called for the appointment of a Special Adviser on Library matters by the state government in order to assist the government on Library matters.
High point of the event was the formal inaugural of the new body and oath of offices to the new executive.
Akujobi Amadi
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Rivers Judiciary Denies Issuing Court Order Stopping SOLAD from Swearing in RSCSC Members

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The Rivers State Judiciary has denied a media report claiming that Justice Frank Onyiri of the State High Court issued an injunction order restraining the Sole Administrator, Vice Admiral Ibok-Ete Ibas (rtd), from inaugurating the newly appointed members of the Rivers State Civil Service Commission (RSCSC).

 

In a statement issued by the Deputy Chief Registrar in charge of litigation at the High Court, Menenen Poromon (Esq), the state Judiciary disassociated itself from the report, describing it as malicious and fabricated.

 

The statement emphasized that the report was a falsehood and a misrepresentation of what transpeared in the court.

 

Poromon clarified that no such order was issued by Justice Onyiri or any other judge of the High Court of the state and urged the public to disregard the information, as it lacked any iota of truth.

 

The statement however advised the public to verify any information concerning the state Judiciary directly from the office of the Chief Registrar, High Court of the State, to avoid spreading of misinformation.

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