Connect with us

Headlines

Fubara Loses As Court Resolves All Issues in Favour of Wike’s Loyalists

Published

on

The Federal High Court in Abuja, on Monday, voided and set aside the presentation and passage of Rivers State 2024 budget by a group of four-member legislators in the State loyal to Governor Siminialayi Fubara. It also resolved all others issues in favour of former governor Nyesom Wike’s loyalists.

The court in a judgment delivered by Justice James Omotoso ordered Fubara to represent the budget to the legally constituted House of Assembly under the Speaker, Martin Amaewhule.

James Omotoso quashed the withholding of the House of Assembly fund on the ground, declaring that he has no constitutional power to do so.

The court restrained Governor Fubara from frustrating the House of Assembly under Amaewhule from sitting or interfering in the affairs of the House.

The redeployment of the Clerk and the Deputy Clerk done by the Governor was declared null and void and was set aside.

The Inspector General of Police was ordered to immediately give adequate security to the Speaker and legislators loyal to former Governor Nyesom Wike.

Justice Omotoso ordered the Clerk and the Deputy Clerk to resume office immediately and unhindered.

The National Assembly was also barred from taking over the Rivers State House of Assembly or accepting or treating any request from Governor Fubara.

Governor Fubara was ordered to release all monies standing in the credit of the House of Assembly to Martin Amaewhule.

Continue Reading
Advertisement


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

FG Dismisses Dangote Petroleum As Inferior, Says Refinery Not Yet Licenced, Not Completed

Published

on

By Eric Elezuo

A Federal Government of Nigeria petroleum regulatory agency, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), has dismissed petroleum products from the Dangote Refinery as inferior, in the guise of those f4om Watersmith and Aradel, making a case for superiority of imported ones.

The revelation was made by the Chief Executive Officer of NMDPRA, Mr. Farouk Ahmed, while responding to questions from a section of the press, a video of which is trending online, adding that the refinery is only 45% completed, and yet to be licenced for operation by the Nigerian government.

Earlier, the Vice President of Dangote Industries Limited, Devakumar Edwin, had alleged that most fuel products imported into Nigeria are substandard, blaming International Oil Companies (IOCs) of frustrating Dangote’s quest for production.

In the short video, which lasted a little over a minute, Mr. Ahmed debunked theories attached to the functionality of the Dangote Refinery, saying it does not have the capacity to ‘feed’ the nation of its petroleum needs, as it stands. He however, refuted arguments that some elements within the oil and gas sector were trying to scuttle the Dangote Refinery.

A transcript of the NMDPRA’s boss short response is as follows:

“It about concerns of supply of petroleum products acros the nationwide, and the claim that we are trying to scuttle Dangote. That is not so. Dangote Refinery is still in the pre-commissioning stage. It has not been licenced yet. We haven’t licenced them yet. I think they are about 45 per cent completed, or completion rather.

“We cannot rely on one refinery to feed the nation, because Dangote is requesting that we suspend or stop imports, especially of AGO and DPK, and direct all marketers to his refinery. That is not good for the nation in terms of energy security, and it is not good for the market because of the monopoly.

“Dangote Refinery, as well as some modular refineries like Watersmith Refinery and Aradel Refinery, are producing between 650 and 1,200 PPM. Therefore, in terms of quality, their products are inferior to imported ones,” he stated.

It will be recalled that only last Sunday, the President, Dangote Industries Limited, Aliko Dangote, while hosting senior journalists from across various media concerns, revealed that the Nigeria National Petroleum Company Limited (NNPCL) owns only 7.2% of stakes in the refinery, and not 20 percent as widely circulated. He also revealed that the refinery is set to begin fuel supply in August 2024.

Many stakeholders and respondents have alleged that there’s no love lost between the government of the day and the Dangote Group, and that explains the hiccup situation surrounding the takeoff the $19 billion refinery.

Continue Reading

Headlines

JAMB Denies Setting Admission Cut-off Mark, Says No Such Thing

Published

on

The Joint Admission and Matriculation Board (JAMB), has denied setting cut-off marks for admissions into higher institutions across the country.

In a statement posted on its official X account on Thursday, the Board dismissed reports that it had set 140 as cut-off marks for universities, and 100 for polytechnics respectively.

“There’s no such thing as ‘cut-off mark’ in admission process to tertiary institutions in Nigeria, what’s obtainable is minimum tolerable score determinable by individual institutions,” it said.

The denial comes just one day after it was widely reported, that the Board had pegged 140 as a cut-off mark for admission into universities, and 100 as the minimum cut-off point mark for admission into polytechnics and colleges of education.

The statement attributed to JAMB Registrar, Professor Ishaq Oloyede, quoted him as announcing the development in Abuja at the 2024 Policy meeting of the Board.

The meeting had in attendance the Minister of Education, Tahir Mamman, vice-chancellors, rectors and registrars of higher institutions and other stakeholders.

Continue Reading

Headlines

We Communicated Our Stand to Dangote, NNPC Reacts to Owning Only 7.2% Stake in Refinery

Published

on

The Nigerian National Petroleum Company (NNPC) Limited has explained why it holds only a 7.2% equity in the $19 billion Dangote Refinery, instead of the widely speculated 20%. 

A statement released on Sunday by Femi Soneye, the Chief Corporate Communications Officer of NNPCL, addressed the company’s recent decision regarding its investment in the Dangote Refinery.  

Soneye said that the decision to reduce their investment was carefully considered and communicated several months ago to Aliko Dangote. 

Dangote mentioned to newsmen on Sunday that NNPC no longer holds a 20% stake in the refinery.  

He explained that this change occurred because NNPCL failed to pay the balance of their share, which was due in June. 

Reacting, NNPC said:  

“NNPC Limited periodically assesses its investment portfolio to ensure alignment with the company’s strategic goals.

“The decision to cap its equity participation at the paid-up sum was made and communicated to Dangote Refinery several months ago,” NNPC said.

Nairametrics

Continue Reading