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NNPCL, Dangote, others shift oil industry tussle to Senate panel
NNPCL, Dangote, others shift oil industry tussle to Senate panel
Major stakeholders in Nigeria’s oil and gas industry on Wednesday vowed to speak up on the dirty deals, regulatory breaches and other malpractices in the sector that had defied solutions over years as the Senate opened another round of probe.
They demanded that the investigation should be conducted on live television broadcasts so that Nigerians would hear and know the truth about the happenings in the industry.
The stakeholders spoke during an interactive session with the Senate Ad-hoc Committee investigating “Alleged Economic Sabotage in the Nigerian Petroleum Industry”, particularly the importation of adulterated and substandard products into the country.
The committee, which is chaired by the Majority Leader of the Senate, Sen. Opeyemi Bamidele (APC, Ekiti-Central), will begin its full public hearing on September 10.
At a pre-hearing interactive session, it called on Wednesday, major stakeholders sought a transparent investigation to be conducted on live broadcast so that Nigerians would be well aware of the “misinformation” about the operations of the industry.
Among others, the probe will “seek to identify and hold accountable all parties involved in the importation and distribution of the adulterated petroleum products, especially Premium Motor Spirit and Automotive Gas Oil and such other acts that are detrimental to the operations of the petroleum industry.”
Bamidele, in an opening remark, said, “This includes suppliers, importers, regulatory bodies, and any other entity that may have contributed to lapses in the petroleum industry.
“We will conduct a thorough review of current regulatory frameworks and procedures to identify deficiencies and recommend necessary reforms to prevent such occurrences in the future.”
The Minister of State Petroleum (Oil), Sen. Heineken Lokpobiri; the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL); Mr Mele Kyari; the MD of the Nigerian Midstream & Downstream Petroleum Regulatory Commission (NMDPRA), Mr Farouk Ahmed; the MD of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Kololafe; Depot and Petroleum Products Marketers Association (DAPMAN); Independent Marketers Association of Nigeria (IPMAN); Dangote Refinery; and modular refiners, addressed the panel.
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It was a session where many of the stakeholders opposed the Dangote refinery, as speakers warned against the consequences of what they considered to be an emerging monopoly in the industry.
Lokpobiri, for example, promised to cooperate with the panel by supplying all the information to help it unearth the truth.
“We will fully cooperate and supply all the relevant information to address all the misinformation.
I will suggest that this investigation should be conducted on live television”, he stated.
Lokpobiri, who denied claims that the government was frustrating local investors, added, “We are also committed to supporting the Dangote refinery and modular refineries.”
Kyari, who spoke in the same vein, complained that he had been the target of all forms of attacks, including being called a criminal, and a thief.
He said, “We are faithful, loyal, and committed to the development of this country,” adding that “We are not criminals and we are not thieves.”
Kyari made a reference to the row between regulatory agencies and the Dangote refinery over the latter’s allegation that its $ 19 billion investment was being frustrated, saying, “We have done nothing to sabotage any domestic refinery. But, there is a law that guides what we do.
“The law says that for crude oil, there must be a willing buyer and a willing seller. Go and check the Petroleum Industry Act, it is there.
Although Kyari admitted that there could be adulterated products in the country, he insisted that NNPCL was not to blame as the company did not man the borders or control smuggling, which he said was the role of the Nigeria Customs Service and security agencies.
“There are things we know that we won’t say, but we will say them during the public hearing. Let the public hearing be done on live broadcast,” he told the session.
On adulterated products, Kyari said, “NNPCL is not and cannot be responsible for the importation of substandard products. But, we know that smuggling of all sorts takes place, which is not caused by NNPCL.”
According to Kyari, vandalism of oil installations and product theft remain the biggest threats to the industry that need urgent solutions, or else serious investors will not risk their money.
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The representatives of DAPMAN, IPMAN and other local operators called for an operating environment that would be fair to all, including existing investors and new entrants like the Dangote refinery, as against handing over the industry to a monopoly.
However, the Group Strategy Officer, Dangote Refinery, Mr Aliyu Suleiman, expressed worries that the company did not get the expected support and backing from the government and regulators.
He raised three issues, “We would like to basically have three questions that we think we should look at, ask the committee, and also ask Nigerians.
“The first question is, do local refineries deserve protection from the government? The second question is, should Nigeria protect its infant industries in order to improve investment? And then the third question is, should local refineries have preferential access to Nigeria?.”
Aliyu went on, “Those really are the questions that we want this committee to consider. On the first one, as I have said, we produced five million tons of products, but of those 5 million tonnes, about 90% of them had to be exported. While at the same time, the products we were producing had been imported into Nigeria.
“We find ourselves competing against Russian products that were produced, that have been produced with oil that is valued at $60. We all know that because of the cap that has been put on Russian oil, the value of Russian oil today in the market is $60.
“And that’s what Russia is using to produce their products, and those products are being sent in large quantities into Africa to compete with products that are produced in refineries that buy proof at $90.
“We don’t think this will be a fair competitive environment and I think on that, even on that when you have such unfair competition, it is normal to put protective measures in place.”
He informed the panel that all the company had asked for was for the regulatory environment to support it, considering its huge investment in excess of $19 billion as part of the efforts to solve the domestic product supply challenges.
Meanwhile, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, confirmed that the government had yet to meet the 2024 budget’s crude oil target, though he gave assurances that everything was being done to achieve it.
Addressing the panel, the minister said while the government set a daily crude production target of 1.87 million barrels for the budget, it had so far achieved 1.6mbpd.
He stated that the government planned to surpass the budget’s target and achieve 2mbpd.
On oil prices, the minister said, “Outlook for oil prices is positive and we expect prices to remain stable.”
NNPCL, Dangote, others shift oil industry tussle to Senate panel
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Just in: Supreme Court Orders Final Forfeiture of Emefiele’s Assets, Ends Legal Battle
Just in: Supreme Court Orders Final Forfeiture of Emefiele’s Assets, Ends Legal Battle
The Supreme Court has brought an end to the legal battle over the assets linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, affirming their final forfeiture to the Federal Government.
In a unanimous judgment delivered by a five-member panel led by Justice Ibrahim Saulawa, the apex court overturned the decision of the Court of Appeal in Lagos, which had earlier nullified the forfeiture order and directed that the case be retried.
The Supreme Court held that the Court of Appeal erred in setting aside the judgment of the Federal High Court in Lagos, thereby restoring the lower court’s order for the final forfeiture of the properties.
The ruling effectively ends Emefiele’s challenge against the forfeiture order and marks another significant legal victory for the Economic and Financial Crimes Commission (EFCC) in its ongoing prosecution of high-profile corruption and financial crime cases.
The properties were among assets the EFCC alleged were acquired through proceeds of unlawful activities during Emefiele’s tenure as governor of the apex bank.
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Following its investigation, the anti-graft agency had approached the Federal High Court for their permanent forfeiture, a request the court granted.
However, Emefiele challenged the decision at the Court of Appeal, which set aside the forfeiture order and directed that the matter be heard afresh. Dissatisfied with that judgment, the EFCC appealed to the Supreme Court.
With Friday’s verdict, the apex court has reinstated the Federal High Court’s decision, bringing the protracted dispute over the ownership of the properties to a close.
Emefiele, who served as CBN Governor from 2014 until his suspension by President Bola Tinubu in June 2023, has since been facing multiple criminal charges bordering on alleged abuse of office, procurement fraud and financial misconduct.
He has consistently denied all the allegations against him. The Supreme Court’s latest decision is one of several legal developments arising from the investigations into his stewardship at the nation’s apex bank.
Just in: Supreme Court Orders Final Forfeiture of Emefiele’s Assets, Ends Legal Battle
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US House approves bill proposing 50% cut in aid to Nigeria over alleged Christian persecution
US House approves bill proposing 50% cut in aid to Nigeria over alleged Christian persecution
The United States House of Representatives has approved a key appropriations bill that proposes withholding 50% of certain U.S. assistance to Nigeria until the Nigerian government demonstrates measurable progress in protecting Christian communities from religiously motivated violence.
The provision is contained in the Fiscal Year 2027 National Security, Department of State, and Related Programs (NSRP) Appropriations Bill, which was passed by the House on Wednesday. The legislation allocates $47.32 billion in discretionary funding for diplomacy, national security and related programmes, representing a reduction of about $2.69 billion, or six per cent, from the FY2026 enacted level.
However, the proposal has not yet become U.S. law. It must still pass the remaining stages of the legislative process, including consideration by the Senate and presidential approval, before the aid restrictions can take effect.
Under the House-approved bill, 50% of eligible U.S. assistance to Nigeria would be withheld until the U.S. Secretary of State certifies that the Nigerian government has taken measurable steps to protect Christians affected by religiously motivated attacks and improve security in vulnerable communities.
The accompanying House Appropriations Committee report expressed concern over persistent violence in parts of Nigeria, particularly in the Middle Belt, and referenced the Palm Sunday massacre as one of the incidents highlighting the need for stronger government action against perpetrators of violence.
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The committee also urged Nigerian authorities to ensure accountability for those responsible for attacks on civilians and improve measures to safeguard communities affected by insecurity.
The provision was championed by Congressman Riley M. Moore, who argued that the measure is intended to pressure the Nigerian government to strengthen protection for Christian communities and improve its response to religious violence.
According to Moore, the legislation sends a clear message that the United States expects greater accountability while continuing to support victims of religious persecution around the world.
Beyond the proposed aid restrictions, the bill directs that funding under the Security Sector Programme/National Security Account be used to support efforts aimed at tackling insecurity in Nigeria’s Middle Belt, including attacks attributed in the committee report to Fulani militias.
The legislation also instructs the U.S. State Department to assess whether the Nigerian government is facilitating the safe return of internally displaced persons (IDPs) to their ancestral communities. The findings will form part of the certification process required before the withheld assistance can be released.
In addition, the State Department would be required to submit reports to Congress within 45 to 60 days detailing efforts to address violence against Christian communities, improve accountability for violations of religious freedom, and evaluate progress made by Nigerian authorities.
To reinforce these objectives, lawmakers proposed an additional $2 million under the International Narcotics Control and Law Enforcement account to support atrocity prevention initiatives, with part of the funding earmarked for programmes addressing violence in Nigeria’s Middle Belt.
The committee also encouraged stronger partnerships with Nigerian security agencies to improve professionalism, operational capacity and accountability in law enforcement as part of broader efforts to reduce insecurity.
Another provision directs the Secretary of State to assess the impact of Nigeria’s blasphemy laws in the annual International Religious Freedom Report, reflecting growing congressional interest in issues relating to religious liberty.
The broader appropriations package also includes provisions affecting global health funding, migration policy, foreign military financing and international broadcasting, in line with the United States’ evolving foreign policy priorities.
Supporters of the proposal argue that conditioning foreign assistance on measurable improvements in security and human rights will encourage stronger government action against violence.
However, analysts note that the proposal is likely to generate diplomatic discussions between Nigeria and the United States, with debates expected over its potential impact on humanitarian programmes, security cooperation and bilateral relations.
If eventually enacted, the measure could reshape aspects of U.S.-Nigeria relations, particularly in the areas of security assistance, religious freedom, human rights and counterterrorism cooperation.
US House approves bill proposing 50% cut in aid to Nigeria over alleged Christian persecution
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Senate passes Bill proposing N50,000 fine for preaching, hawking in commercial buses
Senate passes Bill proposing N50,000 fine for preaching, hawking in commercial buses
The Nigerian Senate has passed the Federal Road Safety Corps (FRSC) Amendment Bill, 2026, proposing significantly tougher penalties for traffic offences, including a N50,000 fine for individuals who preach, hawk or engage in trading inside commercial buses.
The landmark legislation, approved during plenary on Thursday, is part of ongoing efforts to strengthen road safety in Nigeria, improve compliance with traffic regulations and reduce the rising number of road crashes across the country.
However, the bill has not yet become law. It will only take legal effect after receiving presidential assent from President Bola Tinubu.
One of the most notable provisions of the proposed amendment is the introduction of a N50,000 fine for anyone found preaching, hawking or carrying out commercial activities inside commercial vehicles.
Lawmakers explained that such activities often distract drivers, obstruct passengers and increase the likelihood of road accidents, particularly in densely populated urban areas where commercial buses serve thousands of commuters daily.
The bill also introduces stricter sanctions for motorists who refuse to cooperate with Federal Road Safety Corps (FRSC) officials during roadside enforcement exercises.
Under the proposed law, any driver who declines to undergo a breathalyser test when reasonably suspected of driving under the influence of alcohol or drugs would face a N50,000 fine, six months’ imprisonment, or both upon conviction.
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The Senate further approved a substantial increase in penalties for driving under the influence of alcohol or intoxicating substances. If the bill receives presidential assent, offenders would be liable to a N100,000 fine, replacing the current N5,000 penalty, in addition to a possible two-year prison sentence or both.
The amendment also raises the punishment for violating traffic lights, road signs, pavement markings and other traffic control devices to N100,000, reflecting the government’s determination to improve discipline on Nigerian roads.
Motorists caught exceeding speed limits would equally face a N100,000 fine, replacing the existing N5,000 sanction.
Similarly, reckless driving would attract a N100,000 fine, imprisonment for up to two years, or both, depending on the severity of the offence.
According to the revised schedule attached to the legislation, the Senate reviewed 52 traffic offences, increasing penalties across most categories to reflect present-day economic realities and strengthen deterrence against dangerous road behaviour.
The amendment seeks to modernise the FRSC Act by expanding the enforcement powers of the corps, strengthening compliance with traffic regulations and improving public safety through stricter enforcement measures.
Road safety experts have repeatedly argued that many penalties under the existing law had become obsolete due to inflation and no longer served as effective deterrents against traffic violations.
Data from the Federal Road Safety Corps consistently identifies speeding, dangerous driving, drunk driving, driver distraction, overloading and disregard for traffic signs among the leading causes of road crashes in Nigeria, resulting in thousands of deaths and injuries every year.
Supporters of the amendment believe the proposed stiffer penalties will encourage greater compliance with traffic laws and ultimately reduce road accidents. However, some stakeholders have called for sustained public awareness campaigns, improved road infrastructure and fair enforcement to ensure the new penalties achieve their intended objectives without imposing undue hardship on road users.
The bill will now be transmitted to President Bola Tinubu for assent. If signed into law, it will introduce one of the most comprehensive overhauls of Nigeria’s traffic regulations in recent years, significantly increasing penalties for dozens of traffic-related offences while reinforcing the FRSC’s mandate to promote safer roads nationwide.
Senate passes Bill proposing N50,000 fine for preaching, hawking in commercial buses
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