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NDDC audit: We’ll recover every kobo, prosecute culprit, says Buhari
President Muhammadu Buhari has said “every kobo” will be recovered, following the conclusion of the forensic audit of the Niger Delta Development Commission (NDDC).
The President said this on Thursday in Abuja while speaking at the virtual commissioning of the NDDC Prototype Hostel at the University of Uyo, Akwa Ibom.
Buhari said the concluded forensic audit was being reviewed with a view to recovering “every kobo that was recoverable”, while those found culpable would face the law.
He said it was regrettable that the special development fund of the entire region was squandered by a few for more than 20 years, leaving many in penury.
“The Niger Delta Development Commission needs to demonstrate that it can achieve the objectives it was conceived for and make its impact felt all over the Niger Delta Region. The lives of the people of the Niger Delta could be so much better, if the funding received by this commission since its inception, in billions of naira over the last 20 years, have been judiciously deployed in service of the people.
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“The serial abuse, lack of delivery and what had become an entrenched institutional decay, was the reason why I called for the forensic audit. Therefore, going forward we shall ensure every recoverable kobo, is recovered for use in service of the people of this region and those found culpable shall face the Law.
“Consequently, I want to use the opportunity of this commissioning to direct all statutory contributors to the NDDC to remit all outstanding funds to the Commission, and to ensure this is done transparently and according to laid down procedure and process,” he said.
Buhari, in a statement issued by his spokesman, Femi Adesina, directed that all abandoned projects that directly impact the livelihood of the people should be revived and completed.
The President said the contract for the building of 1,050 capacity hostel for male and female students was awarded in 2004, and like many others, it was abandoned.
Buhari said across many public universities and institutions of higher learning children face accommodation challenges, while private investors were taking advantage of the gap to provide accommodation, unfortunately tasking the resources of parents and guardians.
“Many of them are located far away from school premises and come with their own peculiar challenges. It is good that such an infrastructure gap is being addressed, by providing accommodation for students that would be affordable, well built, and in a secure environment,’’ he said.
The President noted that the Vice- President, Prof. Yemi Osinbajo, on his behalf, commissioned the Special Protections Unit Base 6 Barracks in Omagwa, Rivers State, which was built and donated by NDDC to the Nigeria Police Force.
In his remarks, Sen. Akpabio said the completion of the NDDC headquarters complex and other projects clearly showed the President’s commitment to improving the livelihood of people in the Niger Delta.
The Sole Administrator of NDDC, Mr Effiong Akwa, thanked the President for always honouring the institution by commissioning three projects in a year.
The Vice Chancellor of the University of Uyo, Prof. Nyaudoh Ukpabio Ndaeyo, and the Student Union also appreciated the President for the intervention, with presentation of awards.
Daily Trust
News
Updated: NNPC blames fuel scarcity on panic buying, hoarding, marketers disagree
Updated: NNPC blames fuel scarcity on panic buying, hoarding, marketers disagree
The Nigeria National Petroleum Company Limited (NNPCL) has attributed the ongoing fuel scarcity in the country to panic buying and sharp practices by some petroleum marketers. But the marketers have refuted the claim, asserting that inadequate supply is the primary cause of the persistent scarcity.
The NNPCL assured the public that the fuel queues across the country would disappear by next week.
It stressed that it had sufficient fuel reserves to resolve the scarcity issue. This statement came in response to concerns raised by the Independent Petroleum Marketers Association of Nigeria (IPMAN) and other stakeholders regarding the scarcity.
The NNPC spokesperson, Femi Soneye, had earlier indicated that the corporation had over 1.5 billion litres of petroleum products, enough to last for at least 30 days.
But some individuals were allegedly exploiting the situation for profit.
Petroleum marketers maintained they were not responsible for the fuel scarcity, as they are not importers of petrol. According to the National Vice President of IPMAN, Hammed Fashola, blaming marketers for hoarding petrol was unfounded as they could only divert the product if available.
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Furthermore, Chinedu Ukadike, the National Public Relations Officer of IPMAN, emphasized that independent marketers operate their businesses to maximize profit and return on investment. He highlighted the challenges faced by marketers in ensuring product availability and dismissed allegations of sharp practices.
Similarly, the Executive Secretary of the Major Energies Marketers Association of Nigeria, Clement Isong, acknowledged the existence of sharp practices within the oil sector but argued that it is too simplistic to attribute the fuel scarcity solely to such practices.
To address the fuel scarcity effectively, stakeholders emphasize the need for increased distribution of petroleum products by regulatory authorities. They also call for the involvement of security agencies to deter profiteering and ensure fair distribution to consumers across the country.
Updated: NNPC blames fuel scarcity on panic buying, hoarding, marketers disagree
News
Lagos issues 48hr quit notice to Ikoyi Towers’ illegal squatters
Lagos issues 48hr quit notice to Ikoyi Towers’ illegal squatters
Lagos State Government has issued a 48 hours ultimatum to illegal squatters at abandoned Ikoyi Towers, Lagos Island to evacuate.
The State Commissioner for the Environment and Water Resources, Mr. Tokunbo Wahab, gave the notice on Saturday, during an inspection of some identified sites, including the abandoned Federal Government property, Ikoyi Towers.
The Ikoyi Towers, located behind the abandoned Federal Secretariat, Ikoyi, comprise of three blocks of 12 floors, tagged: A, B and C.
Wahab said the quit notice has become necessary to protect lives which is the primary function of any responsible and responsive government.
According to him, “Apart from constituting an environmental nuisance, they are security risk to the state which can be used as hideouts for criminal elements to perpetrate their nefarious acts.
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“Lagos State Governor, Babajide Sanwo-Olu is passionate about the well-being and safety of all citizens and would spare nothing to ensure these ate achieved.”
The occupants of the building, who are largely security personnel, appealed to the commissioner to give more time inorder to make proper arrangement for relocation as they have no place to go immediately.
One of the occupants, who simply identified himself as Mallam Abubakar, from Ilorin, Kwara State, said he is a Police Spy, and moved into the building in November 2023.
According to Abubakar,”The agent collected N200, 000, one off rent from each of the occupant, numbering hundreds of us.
“We have our families here. Our children are in schools. Where do we go from here? Government should have compassion on us this harsh economy.”
Lagos issues 48hr quit notice to Ikoyi Towers’ illegal squatters
News
Give Nigerians affordable, quality vehicles, Tinubu challenges auto manufacturers
Give Nigerians affordable, quality vehicles, Tinubu challenges auto manufacturers
President Bola Tinubu has urged the Nigerian Automotive Manufacturers Association to devise ways of producing vehicles that would be affordable for all categories of Nigerians.
He said this is necessary as the government rolls out consumer credit for millions of Nigerians to purchase vehicles and other important goods and services.
He also urged the delegation to ensure that locally manufactured vehicles are of the highest standard that would stand the test of time, and complement the government’s efforts in revitalising the automotive industry.
Tinubu said this when he received a delegation of the African Association of Automotive Manufacturers and the Nigerian Automotive Manufacturers Association in Aso Rock presidential villa on Friday, according to a statement by presidential spokesman Ajuri Ngelale.
The President, represented by his Chief of Staff, Femi Gbajabiamila, met the members led by the Minister of Industry, Trade and Investment, Ms Doris Uzoka-Anite, on Friday in Abuja.
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The delegation had earlier notified the President of their efforts to start manufacturing vehicle and spare parts in Nigeria.
He said that a legislative bill to drive the automotive industry was being drafted and reviewed by the Federal Ministry of Justice.
They emphasised the need to develop the industry, which would create massive employment for youths and ease the burden on the much-needed foreign exchange.
The delegation consisted of the Director-General of the National Automotive Design and Development Council (NADDC), Mr Oluwemimo Osanipin.
Others are the representatives of the Nigerian Airspace Management Agency (NAMA), as well as Executive Directors of Stallion Group, Toyota/CEAO and NISSAN.
Give Nigerians affordable, quality vehicles, Tinubu challenges auto manufacturers
(NAN)
Updated: NNPC blames fuel scarcity on panic buying, hoarding, marketers disagree
FG threatens to stop funding tertiary institutions with poor performance
Don’t impose assistants on Finidi — Udeze warns NFF
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