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DPR revokes 32 refinery licences, says Dangote plant 80% complete

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Thirty-two refinery project licences issued to private investors in the country have become invalid in the past three years, according to the Department of Petroleum Resources.

The DPR said on Monday that the number of valid refinery project licences stood at 23 as of March 2021, down from 44 in April 2018.

An analysis of the agency’s new list of valid refinery project licences and that of April 2018 showed that 32 licences had become invalid while 11 new licences were granted between May 2018 and March 2021.

As of April 2018, there were 38 proposed modular refineries with capacity ranging from 5,000 barrels per stream day to 30,000bpsd, and six conventional plants with a total capacity of 1.35 million bpsd.

The DPR had said then that 20 of the licences were active, adding that 24 of the licence holders were still sourcing funds, although most of the licences had expired as of April 2018.

The agency’s updated list showed that the construction of four modular refineries, with a total capacity of 23,000bpsd, had been completed.

The refineries are Waltersmith Refining & Petrochemical Company Limited in Imo State, OPAC Refineries in Delta, Niger Delta Petroleum Resources (Train 3) in Rivers, and Edo Refinery and Petrochemical Company Limited in Edo.

The biggest refinery project, which is being built by Dangote Oil Refinery Company in Lagos, is more than 80.3 percent completed, according to the DPR.

The refinery projects whose licences were declared invalid by the agency include BUA Refinery & Petrochemicals (Akwa Ibom); Dee Jones (Cross River); Energia Limited (Delta State); Southfield Petrochemical & Refinery Ltd (Edo); Starex Petroleum Refinery (Onne Oil & Gas Free Trade Zone); RG Shinjin Petrochemicals (Delta); Don Mac (Edo), and Platinum Hydrocarbon Resources (Delta).

Others are Mondonat Nigeria Ltd (Delta); Ikwe-Onna Refinery (Akwa Ibom); Shepha Petroleum & Petrochemicals Company (Delta); JIL-Amber (Port Harcourt Refinery); Gazingstock Petroleum Company (Delta); Petrolex Oil & Gas Limited (Ogun); Eghudu Refinery (Edo); Ibafon Refinery FZE (Calabar FTZ, Cross River); and Kainji Resources (Imo).

Among them are Eko Petrochem & Refining Company (Lagos); Hi Rev Oil (Akwa Ibom); Epic Refinery & Petrochemical Industries (Bayelsa); Masters Energy Oil & Gas (Rivers); Cross Country Oil & Gas (Imo); Grifon Energy (Ondo); Sifax Oil & Gas Company (Lagos); and Capital Oil & Gas Industries (Lagos);

Others are All Grace Energy (Rivers); Green Energy International (Rivers); Fresh Energy Limited (Bayelsa); Chyzob Oil & Gas (Abia); Aiteo Energy Resources Limited (Delta); Associated Worldwide Company (Akwa Ibom); and Amakpe International Refinery (Akwa Ibom).

 

 

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EFCC invites two Abia ex-commissioners over N22bn Paris Club refund

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The Economic and Financial Crimes Commission, Enugu Zone, has invited two former Abia State commissioners for finance for questioning reportedly relating to the spending of N22bn Paris Club refund.
The EFCC said Mr Philip Nto and Mr Obinna Oriaku, who served as Commissioners of Finance and Economic Development in 2014 and 2016 respectively were asked to meet with the agency’s Head Capital Market and Insurance Fraud Section for questioning.

It stated this in a letter dated May 25th, 2021, addressed to Abia Secretary to the State Government (SSG), Chris Ezem.
It said the two former commissioners were needed to make certain clarifications regarding some financial transactions in the state within the period of their stay in office.
It said this was in pursuant to section 38(1) and 2 of the EFCC (establishment) Act, 2004.

When contacted, Oriaku confirmed he was invited, promising to honour it.
He said, “I want to make it clear that EFCC invitation is not a crime and cannot be misconstrued as a sentence for crime.
“As commissioner for Finance for four years, it is necessary that I will be invited from time to time to shed light on what happened while I served as commissioner.”
Oriaku said the invitation was based on a petition by one Dr Murice Walton of Mauritz Walton Nigeria Limited on how the state government allegedly held back their payment since 2017.

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We’ll complete 2nd Niger Bridge next year – Fashola

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Construction work on the Second Niger Bridge will be completed in 2022, Minister of Works and Housing, Babatunde Fashola, has said.
He stated this on Sunday at a forum organised by the News Agency of Nigeria to mark the sixth anniversary of the Buhari administration in Abuja.
The construction of the bridge commenced on September 1, 2018.
According to Fashola, the bridge, which will serve as a major link between the south-east and the south-west will be delivered between the second and third quarters of 2022.
He said the construction time was lost to the COVID-19 pandemic but added that the work had gone beyond the water level.
He said the project would facilitate the influx of investments to the south-east when completed.
“So, what you see currently is the final work. The sub-structure which entailed building cement structures underwater often costs a lot of money,” he said.
“We should finish the bridge next year between the second quarter and third quarter.”
The bridge is 1.6km long and furnished with other ancillary infrastructure, including a 10.3km highway and an interchange.
The bridge spans from Asaba in Delta state to Ozubulu, Ogbaru and other communities in Anambra state.
The minister added that the federal government’s investments in road building and infrastructure development have been impacting various economic activities nationwide.
Fashola said more wealth and job opportunities had been created with 850 contracts awarded and 13,000 kilometres of roads and bridges under construction and repairs across the federal highways.
He said, “President Muhammadu Buhari’s commitment to improving infrastructure sits squarely at the centre of the progressive ideal to improve the human condition.
“This connects many more doors and it is the most legitimate way for distributing money across board.
“One of the reasons our party, the All Progressives Congress (APC), is called progressives is because there is a commitment to the progressive ideals.”

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I sold about N70,000 bread daily to bandits when Kaduna students were abducted – Baker

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Hassan Magaji, a baker in the Galadimawa area of Kaduna State, has confessed to supplying bread to bandits.

Magagi, who was recently arrested by the Intelligence Response Team of the Inspector-General of Police, said he sold bread worth N70,000 to the bandits during the time that some university students were abducted.

It is not clear if he was referring to students of Greenfield University, Kaduna, who spent over a month in captivity.

“I observed that whenever they kidnapped many people, like during the kidnap of those university students, the quantity of bread that they bought increased. During that period I delivered up to N70,000 worth of bread everyday until recently when it dropped to N50,000 again.”

“I have not benefitted much except that I married a new wife and I was able to save money to take care of two wives. To stop banditry, government should recruit more security men. We prefer police because they know the job.”

Bandits have been terrorising residents of Kaduna and its environs.

On Saturday, angry residents blocked the ever-busy Abuja-Kaduna highway to protest incessant attacks.

Despite repeated assurances from government, armed gangs have been making life a hell for people.

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