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ADC Urges FG to Cap Petrol Prices as Global Oil Market Volatility Bites
ADC Urges FG to Cap Petrol Prices as Global Oil Market Volatility Bites
The African Democratic Congress (ADC) has called on the Federal Government to introduce a temporary and time-bound cap on petrol prices to prevent further increases that could worsen the cost-of-living crisis in Nigeria.
In a statement issued on Wednesday, the party’s National Publicity Secretary, Bolaji Abdullahi, said the recent hikes in petrol prices in Nigeria reflect rising volatility in the global oil market, largely driven by escalating tensions in the Middle East.
“The African Democratic Congress calls on the Federal Government to immediately introduce a temporary and time-bound cap on petrol prices to prevent further increases that continue to push the cost of living beyond the reach of millions of Nigerians,” Abdullahi said.
He noted that the ongoing Middle East crisis has triggered instability in global energy markets, which is now affecting domestic fuel prices and worsening economic hardship for Nigerians.
According to the opposition party, external shocks should not be used to justify allowing fuel prices to rise unchecked, particularly in what it described as a fragile economy still grappling with the consequences of subsidy removal.
ADC said the current situation has deepened the economic pressure on households following the fuel subsidy removal announced by Bola Ahmed Tinubu during his inauguration on May 29, 2023.
Nigeria eventually exited under-recovery payments when the government fully deregulated the downstream petroleum sector in October 2024, allowing market forces to determine petrol pricing.
The party argued that the government must take urgent steps to protect citizens from further shocks, warning that rising fuel costs are already affecting transportation, food prices and the overall cost of doing business.
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The call comes as the Middle East conflict continues to create unprecedented volatility in global energy markets. International crude oil prices briefly crossed $100 per barrel on Monday, the highest level since July 2022, before easing to around $87 per barrel on Tuesday.
Iran has also warned that global oil prices could surge further, even threatening that crude prices may climb toward $200 per barrel if tensions escalate and shipping through the Strait of Hormuz — one of the world’s most critical oil transit routes — is disrupted.
The Strait of Hormuz is a strategic waterway through which roughly 20 percent of global oil shipments pass daily, linking the Persian Gulf to the Gulf of Oman and the Arabian Sea.
In Nigeria, the surge in crude oil prices has pushed up ex-gantry petrol prices and retail pump prices across filling stations nationwide.
Transport operators have already begun increasing fares on major routes in cities such as Lagos, Abuja and Kano, with commuters reporting that fares have doubled on some routes.
Meanwhile, the Dangote Petroleum Refinery on Tuesday announced a reduction in its ex-gantry petrol price to ₦1,075 per litre after implementing three previous increases amid global market pressures.
Despite the reduction at the refinery level, pump prices at retail filling stations remain elevated, reflecting the broader impact of global oil market fluctuations and distribution costs.
ADC warned that unless urgent intervention measures are introduced, rising petrol prices and transport costs could accelerate inflation and worsen the economic burden on millions of Nigerians already facing high food and energy costs.
The party urged the Federal Government to adopt immediate measures to stabilise the domestic fuel market while also pursuing long-term reforms to strengthen Nigeria’s energy security and refining capacity.
ADC Urges FG to Cap Petrol Prices as Global Oil Market Volatility Bites
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metro
Man Pays Kidnappers ₦900,000 to Abduct Aunt Who Raised Him
Man Pays Kidnappers ₦900,000 to Abduct Aunt Who Raised Him
The Nigeria Police Force in Delta State has arrested a 31-year-old man, Chukwemeka Destiny, for allegedly plotting the kidnapping of his aunt who reportedly raised him from childhood, in a case authorities describe as a shocking act of betrayal.
The suspect was paraded on Saturday by the Police Public Relations Officer in the state, Bright Edafe, who said Destiny had already paid a total of ₦900,000 to individuals he believed were kidnappers to abduct the woman.
According to the police, the suspect lived with his aunt from the age of five until he was 15. During that period, she reportedly catered for his upbringing and education before he later left home and cut ties with the family.
Police spokesperson Edafe said the case reflects a disturbing pattern of violent betrayal involving close relations and benefactors.
“All of a sudden, something came to his mind that he should kidnap the same aunt who trained him and saw him through school,” Edafe said, noting that the suspect had made payments in two instalments of ₦200,000 and ₦700,000.
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Investigations revealed that the plot failed after the individuals Destiny contacted turned out not to be actual kidnappers. Instead, they reportedly played along and alerted authorities, leading to his arrest and preventing the crime from being executed.
“Unknown to him, the people he contacted were not kidnappers. They used him as bait and handed him over to the police,” Edafe added.
During interrogation, the suspect reportedly confessed to the offence but said he could not explain what motivated his actions.
“Sincerely speaking, I am guilty of what happened. I don’t know what came over me. I can’t tell,” he said.
Destiny, who identified himself as a married father of two and a businessman in haulage and building materials, claimed the funds used for the attempted operation came from his business earnings.
“I made a deposit of ₦200,000 first, then I paid ₦700,000 the next day,” he admitted.
The victim, who is the suspect’s maternal aunt, said she was devastated upon learning of the alleged plot against her.
“I was shocked… crying,” she said, adding that Destiny had disappeared from the family after leaving her home at age 15 and rarely maintained contact despite being seen occasionally in the neighbourhood.
She further stated that she supports full prosecution of the suspect.
“Anything they know to do to such people, they should do it to him,” she said.
Police authorities said the suspect is currently in custody under the Delta State Police Command’s Raiders Squad, while investigations continue into the full circumstances of the case and possible accomplices.
Security officials described the incident as part of a growing trend of kidnapping conspiracies involving trusted relatives and associates, urging the public to remain vigilant and report suspicious activities.
Man Pays Kidnappers ₦900,000 to Abduct Aunt Who Raised Him
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Security Operatives Arrest Kidnappers, Recover ₦8m Ransom in Plateau
Security Operatives Arrest Kidnappers, Recover ₦8m Ransom in Plateau
Joint security operatives in Qua’an Pan Local Government Area of Plateau State have arrested two suspected kidnappers, recovered ₦8 million allegedly paid as ransom, and rescued an abducted woman during a coordinated operation in the area.
The operation, which involved multiple security agencies, also led to the rescue of a female victim who had been held in a forest hideout before she was freed and reunited with her family.
The development was confirmed on Saturday by the Media Aide to the Qua’an Pan Local Government Chairman, Hon. Dr. Christopher Audu Manship, Danaan Cletus.
According to reports, the arrested suspects are linked to a violent criminal operation that included the killing of Alhaji Saidu Mamma and the abduction of his daughter. The gang allegedly collected ₦8 million in ransom before security operatives tracked them down.
The suspects were apprehended following intelligence-led surveillance and a coordinated search operation across suspected hideouts. Authorities also recovered the ransom money, which is currently being processed as evidence before being returned to the victim’s family.
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During the parade of the suspects, Chairman Manship reaffirmed his administration’s commitment to flushing out criminal elements from the local government area.
“We will not allow criminals to operate in Qua’an Pan or use this LGA as a hideout after committing crimes in neighbouring areas,” he said, commending the security agencies for their swift response and successful operation.
He further directed that the recovered ₦8 million be returned to the family of the late Alhaji Saidu Mamma, whose daughter was among those affected by the attack.
In a related development, security operatives also rescued Mrs. Gambo Bello, who had been abducted in Lafia Local Government Area of Nasarawa State and moved into the Pandam Game Reserve in Qua’an Pan.
Her rescue followed credible intelligence reports that prompted a search-and-rescue mission in the forest area, leading to her safe recovery and reunification with her relatives.
Security authorities say the dual success highlights improved coordination among agencies working to tackle kidnapping and armed criminality across Plateau and neighbouring states.
Chairman Manship also expressed appreciation to Plateau State Governor Caleb Mutfwang for supporting local security efforts and strengthening response capacity in vulnerable communities.
Security Operatives Arrest Kidnappers, Recover ₦8m Ransom in Plateau
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metro
Nnamdi Kanu Thanks Ex-US Mayor Mike Arnold, Reaffirms IPOB Support
Nnamdi Kanu Thanks Ex-US Mayor Mike Arnold, Reaffirms IPOB Support
The detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has expressed appreciation to former United States mayor Mike Arnold, commending what he described as Arnold’s efforts to present a “truthful account” of his situation and the activities of the IPOB movement.
The message was disclosed on Saturday by Kanu’s special counsel, Aloy Ejimakor, who said he was instructed to deliver the statement in full without any modifications.
In the letter, Kanu praised Arnold’s intervention in ongoing international conversations about Nigeria, describing his comments as a rare example of “honesty amid dominant global narratives.”
“Dear Mike, I am writing to acknowledge your remarkable effort in shedding light on the truth about me and my people. Your commitment to the truth is commendable,” Kanu said in the statement.
He further suggested that global understanding of the IPOB issue would have been different if similar voices had spoken earlier.
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“You can count on the support of the Indigenous People of Biafra and myself. May Elohim guide and protect you always,” he added.
The message comes amid continued legal proceedings and diplomatic attention surrounding Kanu’s prolonged detention and the wider agitation campaign in Nigeria’s South-East.
Earlier, IPOB had also praised Arnold and some members of the United States Congress, describing their comments on Nigeria’s security situation as a “bold intervention” and alleging that they helped highlight alleged attacks in parts of the country.
In a statement issued by IPOB spokesperson Emma Powerful, the group said it welcomed what it called international acknowledgment of violence affecting communities in Nigeria, particularly in the Middle Belt and southern regions.
The group also reiterated claims that past warnings issued by Kanu were being validated by ongoing insecurity in parts of the country, citing attacks across several states as evidence of worsening violence.
However, the Nigerian government has consistently maintained that IPOB is a proscribed organisation under Nigerian law and has denied allegations of systematic persecution as described by the group.
Security analysts note that the IPOB issue remains one of Nigeria’s most sensitive political and security challenges, with ongoing court cases and diplomatic commentary continuing to shape public debate.
Nnamdi Kanu Thanks Ex-US Mayor Mike Arnold, Reaffirms IPOB Support
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