Petrol scarcity looms, as NNPC incurs $6bn payment backlogs

Fuel queues

Long queues have returned to petrol stations across Nigeria, raising concerns about fuel shortages as the Nigerian National Petroleum Company Ltd, (NNPCL), grapples with a $6 billion petrol payment backlog. According to reports, NNPCL owes approximately $6 billion to international traders for imported petrol. Traders have stated that NNPCL is taking more days to make payments, exceeding the usual 90-day period. Reuters indicated that NNPCL’s mounting debt includes overdue payments of $4 billion to $5 billion for January imports, causing several international petrol suppliers to cease participating in recent tenders.…

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H/Reps. summon Minister over alleged diversion of N1.5bn

H'Reps chamber

The House of Representatives has launched a probe into the N1.5 billion meant for the payment of contractors, but allegedly diverted by principal officers of the Federal Ministry of Women Affairs. The House Committee on Women Affairs commenced the probe in Abuja against the backdrop of petitions by contractors over non-payment of contracts executed. Chairman of the committee, Rep. Kafilat Ogbara, said that the ministry initiated new contracts not captured in the 2023 Budget and diverted N1.5 billion being funds for old contractors. She added that the ministry, while owing…

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“LG autonomy will solve insecurity”- Army Chief, Lagbaja

Lagbaja on LG autonomy

Chief of Army Staff (COAS), Lieutenant-General Taoreed Lagbaja, has said that granting full autonomy to local government areas will undoubtedly solve the problem of insecurity in the country. General Lagbaja disclosed this yesterday in Jos, Plateau State, during the Nigerian Army celebration, emphasising that unless local communities experienced development, it would be difficult to end insecurity in Nigeria. He said, “Why are the elites resistant to LG autonomy which people are clamouring for? The surest way to bring development to the grassroots level is to ensure LG autonomy. It’s not…

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APC National Chair Seat: Court to deliver judgement in suit seeking Ganduje’s removal

Ganduje suit

A Federal High Court in Abuja, yesterday, fixed September 18 for judgment in a suit seeking the removal of Dr. Abdullahi Umar Ganduje as National Chairman of the All Progressives Congress,  (APC). Justice Inyang Ekwo fixed the date after Counsel to the Plaintiff, Benjamin Davou, and lawyers to the defence adopted their processes and made their submission for and against the case. The plaintiff – the North-Central APC Forum – led by Saleh Zazzaga, had filed the suit to query the propriety of Ganduje’s appointment as the Chairman of the…

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Graft: “For every N10 we recovered, more than N50 was stolen” – EFCC boss

EFCC boss on graft

Chairman of the Economic and Financial Crimes Commission, (EFCC), Ola Olukoyede, has that for every N10 recovered by the anti-graft agency, more than N50 has been stolen. The EFCC boss, who stated this on Wednesday  after he was conferred with the “Man of Valour” Award by Global Peace Movement International, (GPMI), an international organisation with presence in 27 countries, added that for any N10 to be recovered, the Commission will need approximately N2.50k. Spokesperson for the anti-graft Commission, Dele Oyewale, in an issued statement, said two other awards, ‘Winner’ and…

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Katsina: Terrorists release fresh video of abducted women, children

Katsina bandits

…Names next community to attack Terrorists, locally dubbed as bandits, have released a video showing women and children they abducted from Maidabino town in the Ɗanmusa local government area of Katsina State. The terrorists had on June 22, ransacked Maidabino, the third largest town in Ɗanmusa, where they killed about nine people and abducted 50 others, mostly women and children. Reports said the attackers operated for several hours unchallenged due to their large number, as they were said to be on reprisal mission. During the attack, over 10 houses, 15…

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Kidnapping, Banditry resurgence: Afenifere raises National Security alarm

Afenifere on insecurity

The pan-Yoruba socio-cultural and socio-political organisation, Afenifere, has raised an alarm over the resurgence of kidnapping, banditry, attacks on security officers and continuous herders and farmers clashes. The organisation, in a press statement issued yesterday by its National Publicity Secretary, Comrade Jare Ajayi, recalled that reports of kidnapping for ransom, killings, attacks on security officers as well as clashes between herders and farmers became more rampant in the last few days. According to Afenifere, “There’s no doubt that the Government appreciates the need to prevent terrorism, as exemplified by the…

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“Come up with solutions to economic challenges” – Tinubu charges Ɗangote, Elumelu, others

Tinubu charges PECC

President Bola Tinubu has challenged members of Presidential Economic Coordination Council, (PECC), to come-up with innovative solutions to the country’s economic challenges to strengthen the economy. Speaking during the inaugural of the 31-member Council at the Council Chambers in Abuja, Tinubu, who chairs the Council, underscored the need for innovative solutions to the country’s economic challenges. He also inaugurated the ‘Economic Stabilisation Programme‘, aimed ensuring food security, improved power supply, enhanced social welfare and healthcare, increased energy production, and overall economic transformation, while  noting the importance of public-private-partnerships (PPP) in…

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New UK Foreign Secretary Lammy backs ‘immediate ceasefire’ in Gaza

UK Foreign Secretary

Britain’s newly appointed Foreign Secretary, David Lammy, has reiterated his support for international efforts to secure an “immediate ceasefire” in the Israel-Hamas war and for the release of remaining hostages. “The job now is to get to work with tireless diplomacy to support an immediate ceasefire and move towards getting those hostages out,” Lammy told UK broadcasters, in his first comments after becoming the country’s top diplomat hours earlier.

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