Metro
Price of Cooking Gas Soars as Supply Drops
The drop in the supply of Liquefied Petroleum Gas, popularly known as cooking gas, to Lagos has led to an increase in the retail price of the commodity, raising fears of an imminent scarcity in the state and many parts of the country.
The Nigerian Association of Liquefied Petroleum Gas Marketers said last Wednesday that terminal owners had increased the price of 20 metric tonnes of the LPG by 33 per cent to N4.2m within five days.
NALPGAM said efforts to extract the cause of the sudden price increase from the terminal operators had not been successful.
The Nigeria LNG Limited, which is based in Port Harcourt, uses a vessel to deliver the LPG to Lagos at least twice in a month and buyers take the commodity to different parts of the country through trucks.
The company only delivers volumes to government-owned Northern Oil Jetty terminal and Navgas terminal, a private facility.
Our correspondent gathered that over 34 off-takers involved in the distribution of the NLNG’s volumes across the country received supply from the terminals.
But investigations revealed that the vessel only delivered the LPG volumes to Lagos once in October and no supply had been received this month as of the time of filing this report.
The Liquefied Petroleum Gas Retailers branch of the Nigeria Union of Petroleum and Natural Gas Workers said on Sunday that the reduction in supply had led to about 90 per cent increment in gas price within a space of one week.
“It is likely that this ugly situation will continue if there is no urgent intervention, especially as Christmas and New Year approach. Just a week ago, in Lagos and some neighbouring states, 12.5kg LPG was sold between N2,600 and N3,000 at retail outlets. It is now sold between N4,000 and N4,500 owing to the sudden hike in the price by tank farm operators,” the LPGAR said in a statement.
Last week, the NLNG, in a letter seen by our correspondent, explained to off-takers recent delays and disruptions to the Lagos delivery schedule.
It said deliveries to Lagos had progressed uninterrupted until August when the LPG vessel, ‘Navigator Capricorn’, loaded a cargo in Bonny and then experienced a suspected piracy attack en route to deliver the cargo to Lagos.
The spokesperson for the NLNG, Sophia Horsfall, in an emailed response to questions, told our correspondent on Friday that the company delivered 12,000MT to the Navgas terminal in Apapa, Lagos on October 15, 2019.
“Before then, we delivered a total of 32,050MT (three cargoes) in the month of September to Lagos. Our next delivery for about the 10th of November will be to NOJ terminal in Lagos. We typically deliver at least two cargoes of the LPG each month to Lagos via NOJ and Navgas terminals,” she said.
The LPGAR called on the Federal Government and other stakeholders to urgently intervene in order to restore sanity.
“The situation is already forcing many users to abandon their cylinders and opt for other sources of cooking energy such as firewood and saw dusk irrespective of the attendant health risks and resultant environmental degradation that results from those alternative energy sources,” it added.
The Punch
Justice Ambrose Lewis-Allagoa of the Federal High Court in Lagos has scheduled February 27 for the arraignment of Gbolahan Obanikoro, the son of Senator Musiliu Obanikoro, and four other individuals over alleged conspiracy, obtaining by false pretenses, and involvement in a N1,356,057,330.43 billion fraud.
Others to be arraigned alongside Obanikoro are: Adejare Adegbenro, 51; Balmoral International Limited; M.O.B. Integrated Limited; and DDSS International Company Limited.
Justice Lewis-Allagoa set the date on Friday after the defendants failed to appear for their scheduled arraignment.
The Inspector General of Police, through the Special Fraud Unit (PSFU) in Ikoyi, Lagos, has accused all the defendants of conspiring between May and September 2013 to fraudulently obtain the sum of N1,356,057,330.43 from Access Bank Plc (formerly Diamond Bank). They allegedly misrepresented themselves to the bank’s staff and officers, claiming they were involved in the business of importing cars from Dubai for sale in Nigeria, and that the money was needed to finance the importation of a set of brand-new cars for resale.
The defendants are also accused of converting, transferring, retaining, or taking possession of the funds, knowing or having reason to know that such funds were proceeds of unlawful activity. Additionally, they are alleged to have unlawfully converted the sum of N1 billion belonging to the bank for personal use.
At the hearing on Friday, prosecutor M.Y. Bello informed the court that the matter was scheduled for the arraignment of all defendants. However, he requested a new date to allow all the defendants to appear in court and take their pleas.
Counsel for the defendants, Joshua A., explained that his clients were not in the country. He added that only the companies named in the charge had been served with the charge sheet. He assured the court that all defendants would be present at the next adjourned date to take their pleas.
In light of these submissions, Justice Lewis-Allagoa adjourned the matter to February 27 for the arraignment of all the defendants.
The five-count charge against the defendants reads: “That you, Adejare Adegbenro, Gbolahan Obanikoro, Balmoral International Limited, M.O.B. Integrated Limited, DDSS International Company Ltd, and other directors of the companies (now at large), between May and September 2013 in Lagos, with intent to defraud, conspired to commit felony, specifically obtaining money by false pretenses, and thereby committed an offense contrary to Section 8(i)(a) and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud-Related Offenses Act, No. 14 of 2006.
“That you, Adejare Adegbenro, Gbolahan Obanikoro, Balmoral International Limited, M.O.B. Integrated Limited, DDSS International Company Ltd, and other directors of the companies (now at large), between May and September 2013 in Lagos, with intent to defraud, obtained the sum of N1,356,057,330.43 (One Billion, Three Hundred Fifty-Six Million, Fifty-Seven Thousand, Three Hundred Thirty Naira, Forty-Three Kobo) from Diamond Bank (now Access Bank Plc) by falsely representing through its staff and officers that you and your companies were in the business of importing cars from Dubai for sale in Nigeria. Based on this false representation, the bank released the money as a loan, which you then diverted to your personal use. This action is contrary to Section 1(i)(a) of the Advance Fee Fraud and Other Fraud-Related Offenses Act, No. 14 of 2006 and punishable under Section 1(3) of the same Act.
“That you, Adejare Adegbenro, Gbolahan Obanikoro, Balmoral International Limited, M.O.B. Integrated Limited, DDSS International Company Ltd, and other directors of the companies (now at large), between May and September 2013, in Lagos, directly or indirectly converted, transferred, retained, or took possession or control of N1,356,057,330.43 (One Billion, Three Hundred Fifty-Six Million, Fifty-Seven Thousand, Three Hundred Thirty Naira, Forty-Three Kobo) belonging to Diamond Bank (now Access Bank Plc), knowing or having reason to know that such funds were proceeds of an unlawful act. This action is contrary to Section 18(2)(b) and (d) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
“That you, Adejare Adegbenro, Gbolahan Obanikoro, Balmoral International Limited, M.O.B. Integrated Limited, DDSS International Company Ltd, and other directors of the companies (now at large), sometime in May 2019 in Lagos, with intent to defraud, obtained the sum of N1,000,000,000.00 (One Billion Naira) from Diamond Bank (now Access Bank Plc) by falsely representing through its staff and officers that you and your company, DDSS International Company, were in the business of importing cars from Dubai for sale in Nigeria. The bank released the money to you as a loan, which you subsequently diverted to the account of another company, Balmoral International Limited, to disguise the true origin of the funds. This action is contrary to Section 1(i)(a) of the Advance Fee Fraud and Other Fraud-Related Offenses Act, No. 14 of 2006 and punishable under Section 1(3) of the same Act.
“That you, Adejare Adegbenro, Gbolahan Obanikoro, Balmoral International Limited, M.O.B. Integrated Limited, DDSS International Company Ltd, and other directors of the companies (now at large), sometime in May 2019, in Lagos, directly or indirectly converted, transferred, retained, or took possession or control of N1,000,000,000.00 (One Billion Naira) belonging to Diamond Bank (now Access Bank Plc), knowing or having reason to know that such funds were proceeds of an unlawful act. This action is contrary to Section 18(2)(b) and (d) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”
Abuja, the nation’s federal capital, came alive with joy and excitement on Wednesday as a new set of winners in the ongoing Globacom Festival of Joy promotion received mouth-watering prizes they won at a special presentation ceremony held at the premises of Globacom at Aminu Kano Crescent.
A glittering brand new Toyota Prado, a brand new Kia Picanto, tricycles (Keke Napep) and scores of other prizes including power generating sets, sewing machines and grinding machines were handed over to joyful winners.
Sarah Ilya Madu was presented the keys to her brand-new Toyota Prado by Senator Simon Lalong, Senator Yemi Adaramodu, Chairman of the Senate Committee on Youth Development, supported by a stellar cast of celebrities and influencers.
Sarah, a federal civil servant from Borno State, who emerged winner of the Toyota Prado in the draw of the promotion held in Abuja last Friday, expressed shock when she was called up. She dropped the call from Globacom several times because the news was too good to be believed.
She said, “I was prevailed upon by my colleagues to do a video call with the Glo staff who called me. Even when I saw the office environment, I was still doubtful.” She added that when she eventually agreed to visit the Glo office, she went with a hefty colleague just in case she was being set up.
Ufot Victor, a 43-year-old businessman based in the FCT, was expectant about winning as he had been recharging regularly so as to cross the minimum requirement for a car. Winning a brand new Kia Picanto was a huge reward for his dedication.
Other lucky winners also went home with tricycles (Keke), power generating sets, sewing machines and grinding machines. Ireimiya Mallo, a SIM registration agent and native of Nasarawa State, who won Keke, said, ”I was so joyful on learning I had won a Keke”. He disclosed that he would be deploying it for commercial purpose”, while the winner of a power generating set, Felix Gabriel, thanked Globacom for always remembering Nigerians every year in its annual promos.
The Special Guest, Senator Simon Lalong, praised the Chairman of Globacom for putting the promo in place for Nigerians and also extolled his strong support for sports. He said he would love to be a winner in the Glo promo one day soon. Also Senator Yemi Adaramodu, the spokesman of the Senate and Chairman of the Senate Committee on Youth Development, said Globacom has always been a brand after his heart, adding that the network is not just attracting customers but also giving out to show that it means well not only for the customers but also for Nigerians.
In his remarks at the event, Globacom’s Head of Division, North West, Mr. Kazeem Kaka, said that to participate in the Festival of Joy promo, new and existing subscribers should dial *611# so as to opt into the promo and to keep recharging thereafter to meet the threshold for the various prizes. He added that new subscribers can participate immediately by purchasing a new SIM, registering it and dialing *611#.
Guests at the event included representatives of the National Lottery Regulatory Commission (NLRC), Mariam Imam, Assistant Director, Consumer Affairs at the Nigerian Communication Commission (NCC), Moses Iyi; comedians, Tee A, Seyi Law, and Gordons.
Others were Nollywood duo of Ebube Nwagbo and Juliet Ibrahim as well as popular content creator, Kiekie.
U.S immigration and border officials will be able to arrest migrants at so-called “sensitive” locations again, after the Trump administration overturned policies limiting where such arrests could happen.
Officers will now be able to make arrests at designated “sensitive” areas, including houses of worship, schools, and hospitals.
Officials have been prohibited from doing this since 2011.
Later, the Biden administration expanded the regulation, further restricting the authority’s powers.
“Criminals will no longer be able to hide in America’s schools and churches to avoid arrest,” the Department of Homeland Security said in a statement.
“The Trump Administration will not tie the hands of our brave law enforcement, and instead trusts them to use common sense.”
A second directive reinstates the ability for the U.S. to quickly deport any undocumented person arrested who is unable to prove they have been in the country for more than two years.
