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Fuel Scarcity: IPMAN Threatens Sanction On Members …As PPPRA Assures On Product Supply

L-R: President, Dangote Group, Alhaji Aliko Dangote, Minister of State for Works, Amb. Bashir Yuguda and Vice President Namadi Sambo, at the 20th Nigerian Economic Summit in Abuja, recently.
Following the recurring petrol scarcity in Lagos and its environs, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has vowed to penalise marketers indulging in fuel hoarding in its Western zone.
The IPMAN Chairman of the zone, Mr Olumide Ogunmade, said this in an interview with yesterday in Lagos.
Ogunmade said that a joint task force by IPMAN and the NNPC had been set up to monitor fuel retailing in the zone, to ensure that marketers were not hoarding the product.
He, however, lauded the efforts of the Nigerian National Petroleum Corporation (NNPC) toward ensuring equitable distribution of petrol across the nocks and crannies of the country.
“We will not hesitate to sanction any erring marketer caught hoarding the product.
“A joint task force between NNPC and IPMAN had been set up to monitor filling stations and sanction them accordingly,” he said.
Ogunmade said the efforts of the NNPC to address fuel scarcity in the western parts of the country had received a boost with the loading of 197 trucks recently.
“I want to confirm to Nigerians and marketers that with the level of petrol injected into the western zone by NNPC, there is no cause for panic buying and hoarding,” the chairman said.
Ogunmade said that the volume of petrol pumped into in the market was part of efforts aimed at restoring normalcy to the fuel scarcity situation in the western parts of the country.
He insisted that petroleum products supplied to the zone were enough to address fuel challenges in the zone.
Ogunmade lauded the programmes of the Pipelines and Products Marketing Company (PPMC), a subsidiary of the NNPC, saying that without those programmes, the sanity in the downstream oil sector would not have been possible.
He said the Managing Director of the PPMC, Prince Haruna Momoh, had initiated different types of programmes, which allowed marketers to receive, distribute and market petroleum products with ease.
Meanwhile, the Executive Secretary, Petroleum Products Pricing and Regulatory Agency, (PPPRA), Mr Ahmed Farouk, has urged Nigerians to stop panic buying of petrol.
He announced that more than nine vessels are currently discharging the product across the country.
Farouk, who made this known yesterday in Abuja, when he appeared before the Senate Committee on Petroleum (Downstream), said that about 200million litres of the product would soon be released into the market.
He, therefore, urged Nigerians to remain calm adding that there was adequate supply of petroleum product at depots across the country.
“As it is today, from our report, we have over nine vessels currently engaged in discharging products in various depots across the country; from Calabar to Oghara.
“We have 200million litres being discharged by various vessels currently as at today.
“So, there is no need for any panic because we have the product there. The general public should be calm and go about their normal businesses.
He admitted that the delay in the payment of oil marketers was responsible for the initial fuel crisis but explained all outstanding debts had been settled by the Nigerian National Petroleum Corporation and the Federal Ministry of Finance.
According to him, all pending payments due to oil marketers have been paid as at last week, assuring that Nigerians would not experience scarcity again
A member of the Senate Committee on Petroleum (downstream), Sen. Danjuma Goje, decried the inability of the authorities to resolve the problem surrounding the importation of petroleum products into the country.
The development, he said, brought unnecessary suffering on the people.
“I will advise the Ministry of Finance or the NNPC or whatever agency is responsible for paying the importers, to do their work promptly so that we don’t experience this kind of fuel scarcity again,” he said.
The Chairman of the Committee, Sen. Magnus Abe, said that considering the assurances given by the PPPRA boss, the country had no cause to witness another fuel scarcity.
“So, we can take your word for it that products are available and that there is no need for the public to panic.
“We need to confirm from PPMC exactly what is being done to ensure that these products are effectively distributed across the country,” he said.
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Ibas Inaugurates RSIEC, Service Commissions, Healthcare Board In Rivers …Charges Appointees To Embrace Principles Of Service

The Administrator of Rivers State, Vice Admiral (Rtd) Ibok-Ete Ibas, has charged newly appointed Board members to uphold the highest standards of discipline, competence, integrity, and unwavering dedication in their service to the State.
He emphasized that such commitment is critical to stabilizing governance, restoring democratic institutions, and advancing the principles of good governance in the State.
This was contained in a statement by the Administrator’s Senior Special Adviser on Media, Hector Igbikiowubo on Monday.
Ibas issued the charge on Monday while inaugurating the reconstituted Rivers State Independent Electoral Commission (RSIEC), Rivers State Civil Service Commission, Rivers State Local Government Service Commission, and the Rivers State Primary Health Care Management Board at Government House, Port Harcourt.
The Administrator urged the new appointees to embrace their roles with diligence, patriotism, and a commitment to transforming Rivers State through excellent service.
Addressing the Chairman and members of RSIEC, Ibas underscored their pivotal role in ensuring credible local government elections that reflect the will of the people.
“Your task is clear but demanding: to conduct free, fair, transparent, and credible elections at the grassroots level. You must resist bias, favoritism, and external interference while restoring public confidence in the electoral process,” he stated.
“The independence of your actions is crucial to sustaining peace, stability, and grassroots governance. I urge you to act with fairness, impartiality, and professionalism—even in the face of difficult choices,” Ibas added.
The Sole Administrator also charged the Rivers State Civil Service Commission on the need to eliminate mediocrity and foster a culture of excellence through merit-based recruitment, training, and promotions.
“The civil service must transition from favoritism to competence, integrity, and accountability. Your commission will lead reforms, including digital transformation and standardized practices across ministries, departments, and agencies,” he said.
He disclosed that extensive training programmes are underway, with a committee set up to overhaul the public service framework for greater efficiency.
Meanwhile, Ibas urged the Rivers State Local Government Service Commission to ensure professionalism and discipline in local government administration.
“As the closest tier of government to the people, you must drive reforms that insulate the system from politics and mediocrity. Your mandate includes merit-based recruitment, training, and enforcing standards for effective service delivery,” he stated.
In the same vein, the Administrator charged the Rivers State Primary Health Care Management Board with revitalizing healthcare delivery across the state’s 23 local government areas.
“Primary healthcare is the foundation of a sustainable health system. Your board must ensure facilities are adequately staffed, equipped, and operational focusing on maternal health, immunization, malaria control, and community health services,” he said.
He emphasized data-driven operations, incentives for rural health workers, and restoring the referral system to improve healthcare access.
He also assured the Board of sustained government support, including funding, for the effective discharge of their mandates but warned that board members would be held accountable for their performance.
The newly inaugurated members include: RSIEC: Dr. Michael Ekpai Odey (Chairman) with Prof. Arthur Nwafor, Prof. Joyce Akaninwor, and others as members.
Civil Service Commission: Dr. Livinus Bariki (Chairman), Amb. Lot Egopija, Mrs. Maeve Bestman, and others.
Local Govt. Service Commission: Mr. Isreal Amadi (Chairman), Rear Adm. Emmanuel Ofik (Rtd), Dr. Tonye Pepple, and others.
Primary Health Care Board: Dr. Dawari George (Chairman), Dr. Chituru Adiele (Executive Director), Prof. Kaladada Korubo, and representatives from key ministries.
News
Rivers PDP Debunks Sale Of LGA Election Forms

The Publicity Secretary of the Peoples Democratic Party (PDP) in Rivers State, Dr. Kenneth Yowika, has debunked claims that the party has commenced sale of forms for chairmanship and councillorship elections across the 23 local government areas of the state.
Yowika made the rebuttal in a statement made available to newsmen on Wednesday, describing the publication on the social media as baseless and untrue.
He urged members of the PDP to disregard the claim, saying that official communication regarding the sale of forms would be disclosed through the appropriate channels.
“With reference to information trending on social media, it has been falsely claimed that the sale of forms for Chairmanship and Councillorship elections in the 23 Local Government Areas (LGAs) of Rivers State will begin soon.
“However, the party has firmly denied these rumours, stating that they are baseless and untrue.
“The party has its own established methods of reaching out to its numerous supporters.
“The People’s Democratic Party, a law-abiding organisation, will patiently await the release of guidelines from the recently inaugurated Rivers State Independent Electoral Commission (RSIEC) before considering any sale of election forms.
“The PDP is urging its members to remain calm as official communication regarding the sale of forms will be disclosed through appropriate channels,” the statement read.
Enoch Epelle
News
South-South contributes N34trn to Nigeria’s economy in 2024 – Institute
Prof. Pius Olanrewaju, President of the Chartered Institute of Bankers of Nigeria (CIBN), has stated that the South-South region contributes N34 trillion to country’s economy in 2024.
He made the remark at the South-South Zonal Banking and Finance Conference in Calabar, yesterday.
He spoke on the theme, ‘’Building An Inclusive South-South: Economic Diversification as a Catalyst For Development.’’
Olanrewaju, who quoted the data from the Cable Data Index, said the feat was more than 21 per cent of Nigeria’s real Gross Domestic Product (GDP).
The president described the growth as ‘’ impressive,’’ saying that it was not driven by oil alone but significant expansions in trade, services, and the creative industries.
According to him, to fully harness this potential, coordinated financial, technological, and policy support is essential.
“As we work to reposition the South-South for broad-based prosperity, the financial system must play a central role, not merely as a source of capital, but as a catalyst for innovation, ideas incubation, and inclusive economic growth.
“This conference, therefore, provides a strategic opportunity for stakeholders to reimagine the South-South economy, not merely as a resource belt, but as a region of diverse capabilities and resilient enterprises.”
Olanrewaju added that Nigeria must move beyond old models and chart a new course for the development of the South-South region, where financial institutions and stakeholder collaborate to diversify the economy for shared prosperity.
He, however, commended Gov. Bassey Otu for his pledge of land for CIBN Secretariat in Cross River and being the first sitting governor to willingly undergo and complete the Chartered Bankers Programme.
On his part, Gov. Otu said that the conference discussion on the economic diversification in South-South region was timely against the backdrop of global trade and economic volatility that was affecting the nation’s economy.
Represented by his deputy, Mr Peter Odey, Otu said the South-South region must now act with urgency to diversify its economy while leveraging its shared natural endowment in agriculture and extractive resources.
“This conference must help develop tailored financial solutions that reflect the unique strengths and realities of states like Cross River in the south-south.
“Diversification should be evidence-based and must be backed not just by financial advice but project focused financing and real investment support,” he noted.
He said that Cross River had taken the bold step to invest in its agricultural sector by launching an Agro processing hub.
Otu further said that the state had invested in aviation by acquiring more aircrafts for Cally Air, construction of the Bakassi Deep Seaport and injecting N18 billion in its tourism sector.
Similarly, Mr Tolefe Jibunoh, Cross River Branch Controller of the Central Bank of Nigeria (CBN) said that the region was blessed with natural resources, cultural diversities and immense human potentials.
Jibunoh, who was represented by Mr Segun Shittu, Head, Currency Control Office, CBN, Calabar, noted that strategic diversification could unlock unprecedented opportunities for growth in the region.
He added that the CBN remained steadfast to maintain monetary possibilities and promote a sound financial system as a catalyst for sustainable economic development for the benefit of all.
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