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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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Niger Delta

Make God Your Anchor To Fulfill Destiny, Cleric Charges Christians … As Jaja Marks 70th Birthday

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The Lead Pastor at Jesus Appointed People’s Bible Church, Ozogbe, Ikwerrengwo-Etche, in Etche Local Government Area of Rivers State, Pastor Promise Nwaelele, has urged Christians  to make God the anchor of their lives in whatever position they find themselves, in order to attain the destinies set for them by God.

Pastor Nwaelele, who gave the charge recently in a sermon he preached at the 70th birthday anniversary thanksgiving service of Sir Donald Michael Jaja, a veteran journalist in Rivers State, said this is because any genuine child of God is a permanent target for destabilization and destruction by the devil.

Taking his text from the Bible book of Mark 4:16-17, the preacher stated that fulfilment in life for a child of God required faith, obedience to God’s word, humility and grace to withstand trials and temptations.

According to him, temptations and afflictions are bound to happen in the lives of those who have accepted Jesus Christ as their Lord and Savior.

“No wonder the Bible said that those that endure till the end shall be saved”, he said.

The Clergyman said God prospers believers who are humble, not proud and conceited, and leads them to destiny fulfilment.

“David said in Psalm 51:17, that the sacrifices acceptable to God are a broken spirit, not an impatient or proud spirit”, the preacher said.

He called on Christians not to allow persecutions and afflictions to sway them from the love and blessings of Jesus Christ.

On his part, Jaja, a seasoned Journalist who retired as an Acting Editor of the Rivers State Government-owned The Tide Newspaper, gave thanks to God for honouring him by giving him the grace of attaining 70 years.

“I cannot capture what the good Lord has done for me in my entire life in this fleeting moment of thanksgiving. But, I know that without Him, I wouldn’t have been who I am today, in all spheres. Therefore, my joy knows no bounds as I give thanks to my creator today, alongside my family. Praise be His holy name”, Jaja said.

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Rivers Monarch Warns Against Violence … Urges Peaceful Christmas, New Year Celebrations

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The Eze Oha Evo III of Evo Kingdom, HM, King Leslie N. Eke, JP,  Eze Gbakagbaka, has urged residents to embrace peace and avoid all forms of violence as the Christmas and New Year festivities draw near.

Eze Eke issued the caution during a pre-festive security briefing at his palace in Woji, Obio/Akpor Local Government Area.

The Eze Woji XII, who is also the Chairman of the Supreme Council of Ikwerre Government-Recognised Traditional Rulers, reminded the community and its residents that Christmas should be a season of love, reconciliation, and communal harmony and not be used for violence.

He stressed that no celebration should be allowed to degenerate into violence and added that peace remains central to the cultural values of the Ikwerre people.

The monarch expressed concern over the tendency for heightened social activities to lead to avoidable confrontations.

He urged residents to conduct themselves responsibly and avoid actions that could endanger other people’s lives and property.

“The festive season should strengthen community ties, not create opportunities for conflict or reckless behaviour”, he said.

Addressing the youths specifically, King Eke advised them to steer clear of cultism, drug abuse, street fights, and other disruptive acts.

He emphasised the need for young people to  play critical roles in peace sustainance  across Evo Kingdom and beyond.

“You must not allow yourselves to be used as instruments of violence. Channel your energy toward productive engagements that is capable of promoting unity and peace”, he said.

He further urged parents and guardians to pay closer attention to their children and wards during the holiday period.

The monarch also noted that seasonal gatherings often expose young people to negative influences and that family oversight was essential to preventing misconduct.

On security preparedness, King Eke disclosed that both local vigilantes and formal security agencies have been placed on heightened alert to ensure a hitch-free festive period.

He noted that the safety of the community remained a collective duty and encouraged residents to promptly report suspicious activities to the appropriate authorities.

The King cautioned against jungle justice and retaliatory actions, advising that disputes be resolved through lawful and peaceful channels.

He also lauded the efforts of the Rivers State Governor, Sir Siminalayi Fubara, over his relentless push for peaceful environment in the state.

 

King Onunwor

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Rivers

‘Poor Funding, Bane Of RSU’s Academic Progress’ … As 1,356 Set For Convocation

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The management of Rivers State University (RSU), Port Harcourt, has stated that poor funding has hindered the institution’s ability to meet its expected academic targets.

Vice-Chancellor of the university, Prof. Isaac Zeb-Obipi, made this statement during a press briefing held at the institution on Monday ahead of the week-long 37th and 38th combined convocation ceremony scheduled for today and tomorrow.

Prof. Zeb-Obipi emphasized that poor funding continues to be a major challenge limiting the institution’s ability to meet its targets, adding that the management of the institution trusts the State Governor, Sir Fubara Siminalaye, who is the visitor to the university, to continue to strengthen and support them.

He noted that the state governor has demonstrated his commitment to supporting the university, recently approving N700m for the ongoing NUC accreditation.

The Vice-Chancellor stated that the university faces deficits in classrooms, staff accommodation, and student hostels, with the infrastructure gap widening, and existing lecture halls and laboratories requiring renovation.

“We are prioritizing phased upgrades based on program needs,

He added that the university is short-staffed, having lost staff to retirement, death, and changes in job or place of work, and that new programs, departments, and faculties have been created to meet the contemporary needs of society.

Mean while,a  total of 13,242 students are set to graduate in the combined convocation, with 10,648 undergraduates, 1,356 Master’s degree students, 700 postgraduate diplomas, and 538 Doctors of Philosophy.

The Vice-Chancellor also used the opportunity to list some achievements of his administration, including the creation of new directorates, completion of abandoned laboratories, and upgrades in the faculty of sciences, made possible with support from the Tertiary Education Technology Fund (TETFund).

He expressed appreciation to the governor and visitor to the university, Sir Siminalaye Fubara, for approving his appointment and promised to justify the confidence placed in him.

 

Akujobi Amadi

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