Obi links govt officials to oil theft, seeks total overhaul of security architecture - Newstrends
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Obi links govt officials to oil theft, seeks total overhaul of security architecture

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Presidential Candidate of Labour Party (LP), Mr Peter Obi, has called for a total overhaul of the nation’s security architecture to achieve sustainable economic growth.

He also linked some top government officials to the huge oil theft in Nigeria, lamenting that the inability of the Muhammadu Buhari administration to curtail the high network crime which he claimed cost the country N2.7 trillion in two months (July and August).

Obi, who stated this at the Lagos Chamber of Commerce (LCCI) Private Sector Economic Forum on the 2023 Presidential election in Lagos on Monday, described Nigeria as a failed state that is begging to be rescued.

He said, “On the issue of insecurity, let me tell you, whoever comes into government in 2023, one thing we must decisively and aggressively deal with is the issue of security.

“Insecurity is the number one thing that is impacting Nigeria’z economic growth today and we need to deal with it as quickly as possible and am assuring you, when am saying I am going to be in charge during my administration, we will deal with it decisively and head on.

“Insecurity, people will say how are you going to deal with it? Yes, you need to overhaul the entire security architecture in the country.

“Ensure that it is put in place aggressively, including having multiple-level policing; federal, states and community.

“Equip the public and provide them with modern gadgets. You cannot tell me today that anybody can say that somebody is kidnapped, kept somewhere and they are using phones to exchange calls with his family members in this time and age.

“If he is sick, they even invite doctor to go and treat him, and police will say they didn’t know where they are? I am not going to take that for one day in my government. “Go and check with what I did with the security in Anambra state. Go and ask people.

“We provided every community with vehicles; new vehicles and gadgets for security purposes. No state in Nigeria has done that. I can assure you, we will do exactly that come 2023 with our government in place because at the heart of what we are going through today is security and it must be decisively death with holistically.”

He also said the oil theft in the country was politically motivated and a failure of political will by the current government to stop it because some insiders in the government are benefiting, including security agencies. Obi said, “When it comes to the issue of oil theft, I have said it before; there is no way under my watch we will not find solution to oil theft in this country.

“It is possible. Look at the oil theft at a time we critically need every single resources. In July, we were the only country in the world that did not meet up with our OPEC production except Venezuela, because of hardships.

“At the beginning of July, our oil production was 1.83mmbpd. Whereas, same July, we had 700,000mbpd shortage. Then when you multiply it by 31 days, it is 22.2mmbpd that we lost to oil theft and the average trading of oil in July was $110.

“So, we lost $2.45 billion in revenue in one month. If you multiply $2.45 billion by N550 official exchange rate, it will give you N1.34 trillion and we are still owing ASUU N1.3 trillion of ther severance packages. “One month of stealing. In the month of August, it became even worse. Our oil supply in the month of August went down to 975,000bpd.”

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FG Moves Against Filling Stations Short-Changing Nigerians With False Measurements

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FG Moves Against Filling Stations Short-Changing Nigerians With False Measurements

FG Moves Against Filling Stations Short-Changing Nigerians With False Measurements

The Federal Government has announced plans to intensify nationwide surveillance against false measurements and short-changing of consumers at filling stations and other commercial outlets, warning businesses against practices that deny Nigerians the full value of their money.

The planned enforcement drive is expected to strengthen checks on measuring equipment used in commercial transactions, including fuel dispensers, as authorities seek to curb under-dispensing of petrol and other forms of measurement fraud.

The initiative comes amid renewed concerns about inaccurate fuel pumps at retail outlets, where motorists may pay for a specified quantity of petrol but receive less than the amount displayed on the dispensing meter.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has already raised the alarm over cases of under-dispensing at filling stations across the country and directed operators to carry out immediate calibration and verification of their dispensing equipment.

In September, the regulator warned that filling stations found delivering less fuel than customers paid for, using improperly calibrated equipment or otherwise compromising dispensing accuracy would face enforcement action. Persistent or serious violations could attract sanctions, including the revocation of operating licences.

The NMDPRA said the directive was intended to ensure that motorists receive the correct quantity of petroleum products and restore confidence in transactions within the downstream oil sector.

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The regulator also called on industry associations, including the Independent Petroleum Marketers Association of Nigeria (IPMAN), the Petroleum Products Retail Outlets Association of Nigeria (PETROAN), the Major Energy Marketers Association of Nigeria and the Depot and Petroleum Products Marketers Association of Nigeria, to notify their members and ensure compliance.

PETROAN subsequently directed its members nationwide to inspect their dispensing meters, while its president, Billy Gillis-Harry, urged motorists to monitor pump readings and request receipts when buying fuel.

The association acknowledged that dispensing equipment could develop faults through prolonged use, potentially resulting in either under-dispensing or over-dispensing. It said regular checks were necessary to ensure that customers received the quantity for which they paid.

The Federal Government’s planned nationwide crackdown is expected to reinforce efforts to improve measurement accuracy and protect consumers from dishonest commercial practices.

The issue has become particularly significant amid high petrol prices and the deregulation of Nigeria’s downstream petroleum sector, which has left consumers facing varying pump prices across locations.

With motorists spending substantial amounts on fuel, even small discrepancies in dispensing measurements can result in financial losses when repeated across multiple transactions.

Authorities have continued to stress that filling station operators are responsible for ensuring that their equipment is properly maintained, calibrated and verified in line with applicable regulations.

The broader enforcement effort is also expected to address the use of faulty or manipulated measuring equipment in other commercial activities, where inaccurate weights and measurements can similarly short-change consumers.

The Federal Government’s stated objective is to promote fair trade, strengthen consumer protection and ensure that Nigerians receive the exact quantities of goods and services for which they pay.

However, the effectiveness of the planned crackdown will depend on consistent inspections, transparent enforcement and appropriate sanctions against businesses found violating measurement standards.

FG Moves Against Filling Stations Short-Changing Nigerians With False Measurements

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Jubilation in Ogun Camp as 3,050 NYSC Members Receive ₦50,000 Palliative, 500 Mattresses

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Breaking: 20 Abducted Corps Members Regain Freedom In ImoBreaking: 20 Abducted Corps Members Regain Freedom In Imo

Jubilation in Ogun Camp as 3,050 NYSC Members Receive ₦50,000 Palliative, 500 Mattresses

 

Abeokuta, Ogun State — There was widespread jubilation at the NYSC Orientation Camp in Ogun State on Wednesday following the announcement that 3,050 serving corps members will receive a one-off cash palliative of ₦50,000 to cushion the effects of the current economic hardship in the country.

 

The announcement, which was met with wild cheers and celebrations, comes as part of the state government’s efforts to support youths undergoing their mandatory one-year national service.

 

In addition to the cash disbursement, the Ogun State Government has also approved the immediate delivery of 500 mattresses to the camp to improve the living conditions of the corps members.

 

The news broke via a report by Pulse, detailing that the palliative is aimed at easing the financial burden on the young graduates, particularly in light of the rising cost of living and transportation across the nation.

 

Visuals from the camp showed corps members in their traditional white and green kits, raising their caps in excitement, a clear indication of the relief the financial support brings.

 

Speaking on the development, a camp official noted that the cash injection will go a long way in helping the corps members manage their daily expenses, including transportation to their Places of Primary Assignment (PPA) and personal upkeep.

 

The distribution of the ₦50,000 cash palliative and the provision of the 500 mattresses are expected to be rolled out in the coming days. The move has been widely commended by stakeholders who view it as a proactive step by the Ogun State Government to prioritize the welfare of youths serving in the state.

 

Jubilation in Ogun Camp as 3,050 NYSC Members Receive ₦50,000 Palliative, 500 Mattresses

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UNILORIN VC to graduates: Let this investment count

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UNILORIN VC to graduates: Let this investment count

 

ILORIN — The Vice-Chancellor of the University of Ilorin (UNILORIN), Professor Wahab Olasupo Egbewole, SAN, has urged graduating students to justify the sacrifices made by their parents, guardians and other stakeholders by using their education, knowledge and skills to solve societal problems and contribute meaningfully to national development.

 

Egbewole gave the charge in his address titled “Let This Investment Count!” at the university’s 41st Convocation Ceremony, where he congratulated the graduands and challenged them to translate the opportunities provided by university education into tangible benefits for themselves and society.

 

The Vice-Chancellor’s message placed emphasis on the responsibilities that come with obtaining a university degree, particularly the need for graduates to demonstrate that the time, money, energy and other resources invested in their education have produced meaningful results.

 

He called on the graduands to appreciate the contributions of their parents and guardians, whose sacrifices had helped them reach the milestone, while also recognising the efforts of the university’s academic and non-academic staff and other stakeholders in their educational journey.

 

According to the message of the address, the significance of graduation goes beyond receiving certificates and celebrating academic achievements. It also marks the beginning of a new phase in which graduates are expected to apply their learning, demonstrate discipline and integrity, and contribute to the development of their communities.

 

The charge comes at a time when Nigerian graduates face concerns over unemployment, changing workplace requirements and the need to acquire practical competencies that complement conventional academic qualifications.

 

Egbewole’s appeal therefore highlights the importance of ensuring that university education produces individuals capable of creating opportunities, addressing real-life challenges and adding value to their workplaces and communities.

 

16,152 students to graduate

 

The 41st Convocation Ceremony is expected to see the university graduate a total of 16,152 students for the 2025/2026 academic session.

 

The figure comprises 11,213 students receiving first degrees and 4,939 candidates earning higher degrees and diplomas.

 

Among the undergraduate graduands, 365 earned First-Class honours, while 4,367 obtained Second-Class Upper Division degrees. Another 5,102 graduated with Second-Class Lower Division degrees, 1,006 earned Third-Class degrees and 30 obtained Pass degrees.

 

The graduating class also includes students from several professional programmes, including Medicine and Surgery, Nursing, Pharmacy, Optometry, Physiotherapy and Veterinary Medicine.

 

The scale of the graduating class underscores the responsibility confronting the university and other stakeholders in ensuring that graduates are adequately prepared for the demands of employment, entrepreneurship, professional practice and further learning.

 

For the graduands, the Vice-Chancellor’s message serves as a reminder that the value of their qualifications will increasingly be demonstrated through their conduct, competence, creativity and contributions beyond the university environment.

 

Beyond certificates, emphasis on practical skills

 

The university has also placed increasing emphasis on equipping students with practical skills to complement their academic qualifications.

 

One of the initiatives highlighted ahead of the convocation is the University of Ilorin’s U-INSPIRE programme, through which 8,320 participants successfully completed training designed to strengthen their employability, entrepreneurial capacity and readiness for the demands of the modern workplace.

 

The programme was developed in collaboration with industry partners to help students acquire relevant competencies beyond classroom instruction.

 

At the graduation ceremony for the programme’s second cohort, Egbewole urged participants to move beyond academic certificates, develop practical capabilities and turn innovative ideas into sustainable businesses.

 

The initiative reflects a broader recognition that graduates need more than theoretical knowledge to thrive in an increasingly competitive economy.

 

Practical experience, problem-solving ability, creativity and the capacity to identify and respond to emerging opportunities are becoming important complements to formal qualifications.

 

The university’s efforts in this area provide additional context for the Vice-Chancellor’s appeal to graduands to make their educational investment count.

 

Parents, guardians and stakeholders share in the investment

 

The address also draws attention to the role played by parents, guardians and other supporters in the education of university students.

 

For many Nigerian families, sponsoring a child through university involves considerable financial and personal sacrifices, including the payment of tuition-related charges, accommodation, feeding, learning materials, transportation and other expenses.

 

Beyond financial contributions, families often provide emotional support, encouragement and guidance throughout their children’s academic journeys.

 

The successful completion of a degree is therefore not only a personal achievement for the graduand but also a milestone for the families and communities that supported the process.

 

The Vice-Chancellor’s call places a responsibility on graduates to honour those sacrifices by making responsible decisions, upholding ethical standards and applying their knowledge in ways that benefit others.

 

It also reinforces the need for graduates to recognise education as an opportunity to develop their potential and contribute to society, rather than merely as a means of obtaining certificates.

 

UNILORIN highlights institutional progress

 

The convocation also provides an opportunity for the university to showcase its academic and institutional achievements during the 2025/2026 session.

 

Ahead of the ceremony, Egbewole highlighted several developments, including the accreditation of 11 academic programmes, the expansion of campus transportation and the strengthening of research, innovation and institutional partnerships.

 

The university also disclosed that it received a ₦25 million award from the Joint Admissions and Matriculation Board in recognition of its compliance with admission regulations.

 

In addition, the institution announced the introduction of 12 compressed natural gas-powered buses and 20 electric tricycles to improve transportation within the campus.

 

The university has continued to pursue its Vision 1:10:500 aspiration, which seeks to make it Nigeria’s leading university, place it among Africa’s top 10 institutions and secure a position among the world’s top 500 universities.

 

The vision reflects the institution’s stated ambition to strengthen academic standards, research output, innovation, partnerships and its international standing.

 

Egbewole has also stressed the importance of continuity, responsible management of resources and collective commitment to sustaining institutional progress.

 

A new responsibility for graduands

 

As the graduands prepare to leave the university, the message of “Let This Investment Count!” places their future contributions at the centre of the convocation celebration.

 

Their degrees represent years of learning and assessment, but they also carry expectations from families, employers, communities and the wider society.

 

For those entering the labour market, the challenge will be to demonstrate the knowledge and skills acquired through their studies. For aspiring entrepreneurs, it will be to identify opportunities, develop viable ideas and create value. Others will pursue postgraduate education, professional development or careers in public service.

 

Whatever paths they choose, the central challenge is to make their education relevant to the needs of society.

 

The university’s 41st Convocation Ceremony, which runs from October 16 to 25, 2026, celebrates the achievements of its graduating students while providing an opportunity to reflect on the responsibilities that accompany higher education.

 

For the graduands, the message is clear: the completion of a degree is not the end of their journey but the beginning of a new responsibility to themselves, their families and society.

 

The ultimate measure of the investment in their education will be what they do with the knowledge, discipline and opportunities they have acquired.

 

 

UNILORIN VC to graduates: Let this investment count

 

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