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FG begins crude oil sale to Dangote, others in Naira by October 1

Tinubu

The Federal Government has announced that sales of crude oil to Dangote Refinery and other local refineries will start on October 1, 2024.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the announcement during a meeting with the Implementation Committee on Monday in Abuja.

At the meeting, key roles were outlined for stakeholders, including the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Central Bank of Nigeria, Nigerian Upstream Petroleum Regulatory Commission and the African Export-Import Bank to ensure smooth implementation.

Also, a post on the ‘X’ account of the finance ministry read, “The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today led the Implementation Committee meeting on the transition to crude oil sales in naira.

“The meeting reviewed progress on key initiatives, including the upcoming commencement of naira payments for crude oil sales to the Dangote Refinery starting October 1, 2024.”

Also, the Executive Chairman of the Federal Inland Revenue Service, Dr Zacch Adedeji, and the Chairman of the Technical Sub-Committee reported that “The first PMS delivery from Dangote is expected next month under existing agreements.”

It also stated that updates were provided on the Port Harcourt and Dangote Refineries were also provided, with significant production increases expected from November 2024.

The minister emphasised the need for transparency and directed the Technical Sub-Committee to finalize details and prepare a report for the President, confirming that his directives are on track for implementation from September.

Recall that the Federal Executive Council had on July 29 okayed President Tinubu’s proposal for NNPC to halt the sale of crude oil to local refineries in foreign currency.

The Federal Executive Council approved that the 450,000 barrels meant for domestic consumption be offered in Naira to Nigerian refineries, using the Dangote refinery as a pilot.

The move is to ensure the stability of the pump price of refined fuel and the dollar-naira exchange rate.

Findings show that Dangote Refinery, at the moment, requires 15 cargoes of crude oil yearly.

In response, the finance minister inaugurated a technical sub-committee tasked with developing the framework for the sale of crude oil to local refineries in naira. Monday’s meeting marks the second to be held in seven days.

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Amnesty International urges Nigeria to enact anti-mob violence laws

Amnesty International is calling on the Federal Government of Nigeria to take action against mob violence by enacting anti-mob violence laws.

The human rights organisation’s Country Director, Isa Sanusi, made this plea in their report, “Instantly Killed: How Law Enforcement Failures Exacerbate Nigeria’s Wave of Mob Violence,” presented on Monday in Abuja.

Sanusi emphasised the need for these laws to combat the growing trend of jungle justice in Nigeria.

According to Amnesty International, between January 2012 and August 2023, at least 555 people fell victim to mob violence in 363 documented incidents, character1sed by killings, torture, and other forms of ill-treatment.

“Mob violence has spread with impunity in Nigeria over the past decade.

“The surge in mob violence, including against women and children, has sparked nationwide calls for justice from victims, their families, and human rights advocates.

“Law enforcement failures have exacerbated the problem, highlighting the need for effective legislation.”

“To address this issue, Amnesty International recommends that the Nigerian government should take concrete steps to prevent mob violence, protect victims, and hold perpetrators accountable.”

He said addressing this includes enforcing existing laws, providing training for law enforcement, and promoting community-based initiatives to prevent violence

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Nigerians rejected your ideas in 2023 election; Presidency tells Atiku

The Presidency has hit back at former Vice President Atiku Abubakar following his criticism of President Bola Tinubu’s economic reforms.

The clash began after Atiku, in a statement on x, outlined what he claimed would have been a more effective approach to tackling Nigeria’s economic challenges.

Atiku criticised Tinubu’s handling of key reforms, including the removal of fuel subsidies, and proposed a slower, more cautious rollout of economic policies.

He argued that his administration would have been more empathetic and better prepared to handle the fallout of such reforms.

“I am not the president, Tinubu is. The focus should be on him and not on me or any other. I believe that such inquiries distract from the critical questions of what President Bola Tinubu needs to do to save Nigerians from the excruciating pains arising from his trial-and-error economic policies,” he wrote.

Responding to this, Presidency, through the presidential spokesperson, Bayo Onanuga, said Atiku “tried to discredit President Tinubu’s economic reform programmes” while pushing his untested agenda as a better alternative.

The Presidency added that Nigerians rejected Atiku’s ideas in the 2023 election, claiming they his proposals lacked substance.

“First, Alhaji Atiku’s ideas, which lacked details, were rejected by Nigerians in the 2023 poll,” Onanuga said.

The Presidency also claimed that if Atiku had been elected, his administration would have been riddled with corruption, citing Atiku’s alleged plans to sell key national assets to close associates.

“If he had won the election, we believe he would have plunged Nigeria into a worse situation or run a regime of cronyism,”

“Abubakar lost the election partly because he vowed to sell the NNPC and other assets to his friends.”

The Presidency’s statement also took aim at Atiku’s tenure as vice president from 1999 to 2003 under President Olusegun Obasanjo, accusing him of overseeing a “questionable privatization programme”

“He (Atiku) and his boss (Obasanjo) demonstrated a lack of faith in our educational system and both went to establish their universities while they allowed ours to flounder,” he added.

“Talk is cheap. It is easy to pontificate and deride a rival’s programmes even when there are irrefutable indices that the economic reforms yield positives despite the temporary difficulties.”

The Presidency also noted that despite Atiku’s futile attempt to hoodwink Nigerians again in his statement that “it is gratifying that the former VP could not repudiate the economic reforms pursued by the Tinubu administration because they are the right things to do.”

The presidency, however, defended Tinubu’s economic reforms, stating the president “met a country facing several grave challenges” with “fuel subsidies were syphoning away enormous resources” that it could not afford, as well as the “criminal arbitrage in the forex market.”

It stated, “No leader worth his name will allow these two economic disorders to persist without moving to end them surgically.”

The Presidency also dismissed Atiku’s call for a “gradualist approach,” stating that it “only showed that he (Atiku) was not in tune with the enormity of problems inherited by President Tinubu.”

“It is so easy to paint a flowery to-do list. It is expected of an election loser,” the presidency added.

“While advocating for gradual reforms may sound appealing, Tinubu took measures that should have been taken decades ago by Alhaji Abubakar and his boss when they had the opportunity.

“Alhaji Abubakar calls for empathy and a human face to reforms. We have no problem with this as it resonates well with our administration’s focus. President Tinubu has consistently emphasised the need for compassion and protection of the most vulnerable.

“The administration has prioritised social safety nets and targeted support for those affected by recent economic transitions.”

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Tinubu to swear in seven new ministers on Monday—Presidency

Barring any last-minute changes, President Bola Tinubu is set to swear in seven new ministers tomorrow (Monday), marking a significant development in his administration’s restructuring efforts.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this on his verified X handle on Sunday.

The new ministers, who were cleared by the Senate last week, will assume critical roles in various sectors under the President Tinubu-led administration after their inauguration.

The newly appointed ministers include Dr. Nentawe Yilwatda as Minister of Humanitarian Affairs and Poverty Reduction, Muhammadu Maigari Dingyadi as Minister of Labour and Employment, and Bianca Odinaka Odumegwu-Ojukwu as Minister of State for Foreign Affairs.

Other appointees are Dr. Jumoke Oduwole as Minister of Industry, Trade and Investment (Trade and Investment), Idi Mukhtar Maiha as Minister of Livestock Development, Yusuf Abdullahi Ata as Minister of State for Housing and Urban Development, and Dr. Suwaiba Said Ahmad as Minister of State for Education.

“President Bola Ahmed Tinubu will swear in the new seven ministers tomorrow Monday. The Ministers are: Dr Nentawe Yilwatda – Minister of Humanitarian Affairs and Poverty Reduction; Muhammadu Maigari Dingyadi – Minister of Labour & Employment; Bianca Odinaka Odumegwu-Ojukwu – Minister of State Foreign Affairs.

“Others are Dr Jumoke Oduwole – Minister of Industry, Trade and Investment (Trade and Investment), Idi Mukhtar Maiha – Minister of Livestock Development; Yusuf Abdullahi Ata – Minister of State, Housing and Urban Development and Dr Suwaiba Said Ahmad – Minister of State Education.

“The Senate cleared the ministers last week.”

This cabinet reshuffle comes amids months of growing calls from Nigerians for change and the need to put energy into the government.

President Tinubu’s administration has been working to address the country’s challenges, and these new appointments, according to Presidency officials, are expected to bring fresh perspectives and expertise to their respective ministries.

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Sanwo-Olu sues EFCC over alleged planned arrest, prosecution

Lagos State Governor, Babajide Sanwo-Olu, has sued the Economic and Financial Crimes Commission (EFCC) over an alleged threat to arrest, detain and prosecute him after his tenure as governor.

Sanwo-Olu, through his lawyer, Darlington Ozurumba, filed the fundamental right enforcement suit before Justice Joyce Abdulmalik of a Federal High Court in Abuja.

When the matter was called for mention on Tuesday, Ozurumba informed the court that he had withdrawn the earlier originating summons filed and replaced it with a new one.

The lawyer said the anti-graft agency had been duly served with the latest court documents.

However, EFCC’s counsel, Hadiza Afegbua, said she was yet to see the documents.

Besides, the proof of service of the processes was not in the court file and Justice Abdulmalik adjourned the matter until Nov. 11 for further mention.

The News Agency of Nigeria (NAN) reports that in the originating summons, marked: FHC/ABJ/CS/773/2024 dated and filed on June 6, the governor raised seven questions and sought 11 reliefs.

Sanwo-Olu sought a declaration that under and by virtue of the provisions of Section 37 of the 1999 Constitution, “the plaintiff, as a citizen of Nigeria, is entitled to right to private and family life as a minimum guarantee encapsulated under the Constitution of the Republic of Nigeria, 1999 before, during and after occupation of public office created by the Constitution.”

He wants the court to declare that under and by virtue of the provisions of Sections 43 and 44(1) of the 1999 Constitution, he is entitled to acquire, own, operate and manage both moveable and immovable property.

This, he said, include bank accounts, as a minimum guarantee encapsulated under the constitution either before, during and after leaving public office of governor of a state.

He also wants the court to declare that upon community reading of the provisions of Sections 35(1) & (4) and 41(1) of the constitution, the threat of his investigation, arrest and detention by the EFCC  during his tenure of office as governor is illegal.

 He also said that the plan to arrest him was unconstitutional and a flagrant violation of his fundamental right to personal liberty and freedom of movement as guaranteed under Sections 35(1) & (4) and 41(1) of the Constitution of the federal Republic of Nigeria, 1999 ( as amended).

The governor prayed the court to declare that the incessant harassment, threat of arrest and detention, against him upon the EFCC’s instigation by his political adversaries based on false and politically motivated allegation of corruption is a misuse of executive powers and abuse of public office.

He further wants the court to declare it as an unwarranted Interference with his fundamental right to personal liberty, freedom of movement, fair hearing and equal protection of the law as guaranteed by the constitution and the Africa Charter on Human & Peoples’ Rights, CAP A9 LFN 2004.

Sanwo-Olu, therefore, sought an order restraining the EFCC from harassing, intimidating, arresting, detaining, interrogating or prosecuting him in connection with his tenure as the governor of Lagos State.

He also prayed the court to make an order prohibiting and restraining the commission “from seizing the properties, the international passport and travel documents of the plaintiff or freezing the bank accounts of the plaintiff, his family members or in any other way to further breach the plaintiff’s fundamental rights guaranteed under the Constitution.”

He urged the court to make an order restraining the EFCC from inviting, arresting or detaining him in connection with his tenure as governor of the state or breach his fundamental rights to personal liberty, fair hearing, private and family life, freedom of movement, acquisition of moveable and immoveable property as enshrined in the laws

In the affidavit in support of the originating summons deposed to by Martha Kanu, a litigation secretary in the law firm, the lawyer said she was informed the facts by the governor at a tele-conference meeting which she believed to be true.

She alleged that as a way of getting at the governor, the EFCC was now making surreptitious plan to arrest some of his aides and family members based on the false and spurious allegations of diversion of funds.

She said the officials of the commission were now mounting pressure on some of the aides of the governor to come and make incriminating statements against him.

Besides, Kanu alleged that the anti-graft agency was also threatening to go after some contractors handling projects for the state government.

He said the agency was compelling them to come and make statements to implicate Sanwo-Olu of corruption as part of the orchestrated contrivance to build up a trump up case against him.

According to her, in a malicious attempt to get at the plaintiff, some of the plaintiff’s political adversaries in conjunction with some of the officials of the defendant are falsely ascribing to his administration of corrupt practices which are none existent.

She alleged that the EFCC, through some of its officials, were desperately inventing false, spurious and malicious allegations against the governor in order to use same as a basis for investigating, arresting and prosecuting him after leaving office as governor.

NAN reports that Sanwo-Olu was sworn in as the Governor of Lagos State on May 29, 2019 and was re-elected and sworn in again for a second term on May 29, 2023

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Why Police Can’t Help EFCC To Arrest Yahaya Bello — Onanuga 

Presidential spokesman Bayo Onanuga says security agencies have not been able to arrest embattled former Kogi State Governor Yahaya Bello because of the “complicated” nature of the case.

Onanuga was a guest on the Sunday edition of Inside Sources with Laolu Akande, a socio-economic programme aired on Channels Television.

In April, the Economic and Financial Crimes Commission (EFCC) declared Bello, who was Kogi governor from May 2015 to May 2023, wanted for alleged financial crime to the tune of N80.2 billion.

The EFCC had at various times, stormed Bello’s residence in an attempt to arrest the former governor but his successor, Usman Ododo, had come to his rescue, whisking him away to his lodge.

The matter has been in court but the former governor has not appeared before the trial judge despite many adjournments.

Asked why police authorities can’t order orderlies attached to Ododo to arrest Bello, Onanuga said, “I think it’s a bit complicated. The EFCC is an agency of the Federal Government, and it wants to arrest Yahaya Bello. Yahaya Bello is hiding under the agbada (flowing robe) of the governor of Kogi State, his (Bello’s) successor, who happens to enjoy immunity.

“That’s the problem because if he (Bello) stays inside Governor Ododo’s house, the police cannot do anything because they will be violating that immunity that the man enjoys.

“It’s like a diplomat enjoying certain immunity, you cannot do anything about it. You remember in the UK when they were looking for the Wikileaks man and he went to hide in one embassy in Britain, there was nothing they (security agents) could do, they left him there. I think he later came out and they arrested him.

“It’s the same thing. Ododo enjoys immunity. Yahaya Bello is believed to be hiding there. They cannot storm the place and say they want to arrest him. That’s the problem of the EFCC, and the police cannot help the EFCC.”

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Onanuga Says Tinubu Bought Refurbished Jet, Not New One

Presidential spokesman Bayo Onanuga said, contrary to popular opinion, his principal, President Bola Tinubu, did not acquire a new official jet but a refurbished one.

“It’s not President Tinubu’s plane, it belongs to the people of Nigeria, it is our property,” Onanuga said on the Sunday edition of Inside Sources with Laolu Akande, a socio-economic programme aired on Channels Television.

He said some jets in the presidential fleet like a 19-year-old Boeing B737-700 purchased under ex-President Olusegun Obasanjo are all in bad condition, and their maintenance costs were outrageous. Hence, instead of spending a bogus amount of money on aircraft maintenance, the President sought the approval of the National Assembly for a refurbished jet still in good condition.

Onanuga said the refurbished Airbus A330 would save Nigeria high maintenance costs in servicing the old aircraft.

Onanuga urged Nigerians to prioritise the President’s safety, noting that the newly acquired plane is Nigeria’s property, not Tinubu’s.

The presidential spokesman said Tinubu won’t take the just-acquired jet with him when he leaves office. Onanuga said the jet would also benefit Tinubu’s successor.

Onanuga said, “The president did not buy a new jet; what he has is a refurbished jet – it has been used by somebody else before he got it but it is a much newer model than the one President Buhari used.

“The one President Buhari used was bought by President Obasanjo some 20 years ago.

“There was a time the President went to Saudi Arabia, that plane developed some problems and the President had to leave with a chartered jet to The Netherlands.”

‘Prioritise Tinubu’s Safety’

The presidential spokesman said he spoke with the National Security Adviser (NSA), Nuhu Ribadu, on the faulty plane and he said the maintenance costs because of the age of the plane were exorbitant hence the need for another plane.

“People should try to prioritise the safety of the president. I’m not sure anybody wishes our president to go and crash in the air. We want his safety so that he can hand over to whoever wants to take over from him,” Onanuga said.

While the Presidency has continued to defend Tinubu’s action to purchase the refurbished Airbus A330, the move has been criticised by many Nigerians and some of his contenders in the 2023 election, who felt the President was unfeeling to the plight of poor Nigerians grappling under the weight of unprecedented food inflation, and energy prices which have quadrupled in the last one year.

The health state of the Presidential Air Fleet has been a source of concern of late. In May, a faulty presidential jet stopped Vice President Kashim Shettima from attending the 2024 US-Africa Business Summit hosted by the Corporate Council on Africa.

Last December, a presidential aircraft, the Falcon 900B, was put up for sale, with the Nigerian Air Force (NAF) asking interested persons to submit their bids for the purchase of the aircraft.

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