Tag: Timipre Sylva

Alleged Coup Plot: Soldiers raid ex-Minister, Sylva’s Abuja home

Aminu Imam
Soldiers raid Sylva’s Abuja home

…As he reportedly flees Nigeria Nigerian security forces have launched a manhunt for former Bayelsa State governor and ex-Minister of State for Petroleum Resources, Chief Timipre Sylva, following allegations linking him to a foiled military coup plot. Armed personnel of the Nigerian Army and operatives of the Defence Intelligence Agency (DIA) reportedly raided Sylva’s Abuja and Bayelsa residences early yesterday, acting on what officials described as “credible intelligence” connecting the former minister to detained officers accused of plotting to overthrow President Bola Tinubu’s administration. Multiple security sources confirmed that the…

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Bayelsa: Timipre Sylva disqualified from governorship race

Aminu Imam

The Federal High Court, Abuja, has disqualified the Bayelsa State All Progressives Congress (APC) candidate in the November 11 governorship election, Chief Timipre Sylva.  In a judgement delivered on Monday, the presiding judge, Justice Donatus Okorowo, ruled that Chief Sylva having been sworn-in twice and ruled for five years as governor of Bayelsa would breach the 1999 Constitution as amended if allowed to contest again. The judge also declared that Sylva was not qualified to run in the November poll because if he wins and is sworn in, he would…

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$3.27bn, (N1.4tr) lost to oil thieves in 14 months – FG cries out

Aminu Imam

The Federal Government has raised an alarm over the rising rate of crude oil theft in the Niger Delta, disclosing that about $3.27 billion (1,361.37 trillion) worth of oil has been lost to vandalism in the past 14 months. The government said high-level cases of oil theft have become a threat to the countrys corporate and economic existence, with the industry now thinking of transporting crude oil from fields to export terminals by trucks. The Nigerian Upstream Petroleum Regulatory Commission, (NUPRC), in a presentation at a stakeholders engagement on oil…

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“Your days are numbered”, Timipre Sylva tells crude oil thieves, pipeline vandals

Aminu Imam

The Minister of State for Petroleum Resources, Timipre Sylva said the days of crude oil thieves, pipeline vandals and illegal bunkers were numbered as the Federal Government would no longer condone any affront on the nation’s oil/gas installations. He disclosed this yesterday, during an on-the-spot assessment of some pipelines negatively impacted by the unwholesome activities of the criminals in Ibaa Community of Emeoha local government area of Rivers State. The Minister was accompanied by the Chief of Defence Staff, General Lucky Irabor; GMD/CEO NNPC Ltd, Mele Kyari, Chief Executive of…

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FG sets aside N250bn for conversion of vehicles to autogas, says Sylva

Aminu Imam

As part of efforts to ensure that the autogas conversion of vehicles yielded the desired results, the Federal Government says it has set aside N250 billion for willing investors in autogas assembly plants in the country. The Minister of State for Petroleum Resources, Timipre Sylva, disclosed this yesterday, in Abuja, during an Autogas Technicians Training and Certification Programme. The programme was organised by the technicians, in collaboration with the Federal Ministry of Petroleum Resources, National Gas Expansion Programme, the Nigerian Institute of Mechanical Engineers, Automotive and Locomotive Engineering Institute, amongst…

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FG scraps DPR, PPPRA, PEF, sacks CEOs, unveils new agencies

Aminu Imam

The Federal Government has scrapped the Department of Petroleum Resources, (DPR), the Petroleum Products Pricing Regulatory Agency, (PPPRA), and the Petroleum Equalisation Fund, (PEF). The Minister of State for Petroleum Resources, Timipre Sylva, who announced the decision on Monday, during the inauguration of the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NPRA), and the Nigerian Upstream Regulatory Commission in Abuja, (NURC), said that workers of the three agencies would be protected, while their chief executives had been relieved of their appointments. With the passage of the Petroleum Industry…

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FG unlikely to remove petrol subsidies until after 2023 elections Report

Aminu Imam

The Federal Government is unlikely to do away with a wasteful petrol subsidy practice until after the general elections in 2023 even though a new oil law abolishing the practice was signed into law last August, the Economist Intelligence Unit, (EIU), said in a report yesterday. Instability is chronic in some areas in Nigeria, and inflation and unemployment accentuate the problem; this backdrop creates uncertainty for much needed but unpopular economic reforms and EIU broadly expects that tax increases and the removal of subsidies for petrol will not happen until…

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PIB: “Petrol price remains N162 per litre until…” FG

Aminu Imam

Cooking gas prices to drop  The Federal Government has declared the pump price of petrol will remain at N162 until it agrees with the Organised Labour for full deregulation of the downstream petroleum sector. Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this in a chat with newsmen in Abuja. According to him, it is now constitutional for Nigeria to deregulate the oil and gas sector. However, when he was asked to state the deregulation date, the minister refused to reveal the time. He noted: I cannot give…

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‘Fuel subsidy will stay because government is being considerate’ Minister

Aminu Imam

The Minister of State for Petroleum, Timipre Sylva, has said that the fuel subsidy regime will stay for the time being because the government is being considerate of citizens. The Minister who spoke in an interview with Channels Television yesterday, noted that the government has not set any date yet for subsidy removal. I cannot give you a date for now; but the Vice-President is actually leading the efforts and very soon, we will tell Nigerians what date the removal of subsidy will kick in, he said. Sylva explained that…

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“How Nigeria accidentally discovered 206tr cubic feet gas reserve” Sylva

Aminu Imam

Says gas is Nigerias hope for economic development The Minister of State for Petroleum, Chief Timipre Sylva, has said the country accidentally discovered 206 trillion cubic feet of gas, (tcf), reserves while searching for crude oil. Sylva, who revealed this in Abuja at a Nigeria News Agency, (NAN) forumto highlight the achievements in the oil and gas sector since taking office, said the country could uncover an additional 600tcfof reserve to enable it to achieve development. desired from a gas nation. We were actually going to look for crude oil and…

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