Headlines
MRS, Three Other Marketers Imported Adulterated Fuel, Says NNPC
The Nigerian National Petroleum Company Limited has countered MRS Oil Nigeria Plc as regards the recent importation of adulterated Premium Motor Spirit, popularly called petrol, into the country.
NNPC’s Group Managing Director, Mele Kyari, named MRS and three other dealers as the firms that imported the contaminated products into Nigeria. This was, however, in contrast to the position of MRS.
A speech shared to selected broadcast media quoted Kyari as saying, “On January 20, 2022, NNPC received a report from our quality inspector on the presence of emulsion particles in PMS cargoes shipped to Nigeria from Antwerp-Belgium.
“NNPC investigation revealed the presence of Methanol in Four (4) PMS cargoes imported by the following DSDP suppliers namely:
1. MRS MT Bow Pioneer LITASCO Terminal, Antwerp-Belgium; 2. Emadeb/Hyde/AY Maikifi/Brittania-U Consortium MT Tom Hilde; 3. Oando MT Elka Apollon; 4. Duke Oil MT Nord Gainer.”
He said cargoes quality certificates issued at load port (Antwerp-Belgium) by AmSpec Belgium indicated that the gasoline complied with Nigerian specification.
Kyari said NNPC quality inspectors including GMO, SGS, GeoChem and G&G conducted tests before discharge also showed that the gasoline met Nigerian specification.
“As a standard practice for all PMS import to Nigeria, the cargoes were equally certified by inspection agent appointed by the Nigeria Midstream and Downstream Petroleum Regulatory Authority has met Nigerian specification.
“It is important to note that the usual quality inspection protocol employed in both the load port in Belgium and our discharge ports in Nigeria do not include the test for per cent methanol content and therefore the additive was not detected by our quality inspectors.”
He noted that in order to prevent the distribution of the petrol, NNPC had ordered the quarantine of all un-evacuated volumes and the holding back of all the affected products in transit (both truck and marine).
“All defaulting suppliers have been put on notice for remedial actions and NNPC will work with the authority to take further necessary actions in line with subsisting regulations,” Kyari stated.
But MRS had on Wednesday denied any involvement in the imports of the adulterated products, as it explained that methanol was prohibited in petrol imported into Nigeria.
It said, “Due to current subsidy regime, NNPC is the sole supplier of all PMS in Nigeria. Consequently, NNPC through their trading arm Duke Oil, supplied a cargo of PMS purchased from international trader Litasco and delivered it with Motor Tanker Nord Gainer.
“This vessel discharged in Apapa between the January 24 and 30, 2022 and the following major marketers with receiving quantities were the recipients of the product:
OVH, 10,000 metric tonnes; MRS, 5,000MT; NIPCO, 5,958MT; ARDOVA, 6,000MT; Total, 10,000MT.”
The company stated that being one of the beneficiaries, MRS received the product in its depot and distributed the product to only eight of its stations in Lagos.
It explained that following delivery into tank, it was observed that the product appeared hazy and dark, adding that the management of MRS immediately directed that further sale(s) should be stopped and the
product isolated.
The firm further stated that the allegation against MRS that it imported contaminated products, was therefore mischievous, false and untrue.
“MRS is not an importer of this contaminated PMS into the country, nor does MRS sell substandard products,” it stated.
The Punch
By Eric Elezuo
The Presidency has announce that President Bola Tinubu will be departing Abuja to (Wednesday) for Paris, France, on a ‘short working visit’.
A statement to the effect, signed and released by the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, was however silent on the shape of international relationship the working visiting the president was embarking on will take, but noted that Tinubu will use the ‘retreat’ to review his administration’s mid-term performance and assess key milestones, as well as review progress of ongoing reforms.
While acknowledging that the president will spend ‘about a fortnight’ on the trip, the statement added he would supervise administration while away.
The statement in details
PRESIDENT TINUBU TO EMBARK ON WORKING VISIT TO PARIS
President Bola Ahmed Tinubu will depart for Paris, France, today on a short working visit.
During the visit, the President will appraise his administration’s mid-term performance and assess key milestones.
He will also use the retreat to review the progress of ongoing reforms and engage in strategic planning ahead of his administration’s second anniversary.
This period of reflection will inform plans to deepen ongoing reforms and accelerate national development priorities in the coming year.
Recent economic strides reinforce the President’s commitment to these efforts, as evidenced by the Central Bank of Nigeria reporting a significant increase in net foreign exchange reserves to $23.11 billion—a testament to the administration’s fiscal reforms since 2023 when net reserves were $3.99 billion.
While away, President Tinubu will remain fully engaged with his team and continue to oversee governance activities.
He will return to Nigeria in about a fortnight.
President Bola Tinubu has sacked the Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari.
Tinubu also dissolved its board, removing the Chairman, Chief Pius Akinyelure.
Bayo Onanuga, Special Adviser to the President on information and strategy, announced this in a statement on Wednesday.
Onanuga said Tinubu invoked his powers under section 59(2) of the Petroleum Industry Act (PIA) 2021 to carry out the sweeping reconstitution, citing the need for “enhanced operational efficiency, restored investor confidence, and a more commercially viable NNPC”.
He announced that Tinubu has now approved a new 11-man board, which has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.
According to the statement, “Adedapo Segun, who replaced Umaru Isa Ajiya as the chief financial officer last November, has been appointed to the new board by President Tinubu.
“Six board members, non-executive directors, represent the country’s geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.
“President Tinubu appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as a non-executive director from the South East.
“Mrs Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.”
He added said that all the appointments are effective today, April 2.
President Donald Trump claimed on Monday that Americans want him to run for another term, a step banned by the US constitution but which he continues describing as possible.
“People are asking me to run,” Trump told reporters in the Oval Office when asked about the possibility of a third term.
“I don’t know. I never looked into it. They do say there’s a way you can do it, but I don’t know about that, but I have not looked into it,” Trump said.
Trump was asked about the prospect of a race pitting him against former president Barack Obama, who served two terms.
“That would be a good one, I’d like that,” Trump said.
“I’m not joking” about the idea of seeking a third term, Trump said Sunday in an interview with NBC News.
The 78-year-old Republican served from 2017 to 2021 and began his second term in the White House on January 20.
The first US president, George Washington, established a tradition by not seeking a third term after completing his second one in 1797.
But this tradition was not formally added to the US constitution until after World War II, with the ratification of the 22nd amendment in 1951.
It says no one can be elected president more than two times.
