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PETROLEUM INDUSTRY BILL: IPMAN Commends NASS for PEF Inclusion.

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Suleiman Yakubu. IPMAN National PRO
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The Independent Petroleum Marketers Association of Nigeria, (IPMAN) has described the inclusion of the Petroleum Equalization Fund (PEF) in the newly passed Petroleum Industry Bill (PIB) as a clear demonstration of the sensitivity of the legislative arm of government to the yearnings of majority of Nigerians for a permanent solution to the energy problems of the country.

Speaking through the National Public Relations Officer Suleiman Yakubu in a statement made available to Newsmen in Abuja, The body stated that the entire content of the Bill as passed by the Senate last week would serve as a catalyst for the inflow of the much desired foreign direct investment to boost the economy.

According Suleiman Yakubu, “the much awaited Petroleum Industry Bill has come to ease Nigerians of the pains that necessitated the call for the Bill in the first instances.

“We observe with great delight that this Bill when passed into law would further solidify our support for the deregulation of the oil industry as a policy of government that would allow Nigerians to reap the full benefits of oil and gas which has been the greatest gift from nature to the country,” the IPMAN National Spokesman stated.

He also maintained that, “Notable among the clauses in the historic Bill is the Petroleum Equalization section which would remain a main factor to stabilize the industry across the country.

“If signed into Law by President Muhammadu Buhari as it was passed by the Senate, the Petroleum Industry Bill will change the landscape of the industry positively and above all, it would attract a smooth flow of foreign direct investments that would shore up the revenue base of the country and reduce the dependence of foreign loans to execute the nations’ budgets.

“The passage of the Bill by the Senate last week is a clear demonstration of the fact that our lawmakers are in touch with the masses and ready to play their role in easing the financial stress on Nigerians who were used to unstable pricing of commodities due to the unpredictable nature of fuel prices.

“We therefore want to thank the National Assembly under the leadership of the President of The Senate, Senator Ahmmed Lawan and the Speaker House of Representatives, Hon. Femi Gbajabiamila for presenting Nigerians with this tangible dividend of democracy and promising that as members of Independent Petroleum Marketers Association of Nigeria, we will obey every section of the law that would require us to make life easy for Nigerians after it is signed by President Muhammadu Buhari,” the Petroleum Marketers affirmed.

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Abducted Oyo Pupils, Teachers Regain Freedom After Security Operation – Presidency

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The School Children and Teachers
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The Presidency has confirmed the release of the schoolchildren and teachers who were abducted by suspected bandits in Oriire Local Government Area of Oyo State.

The victims regained their freedom following coordinated efforts by Nigeria’s security agencies, according to a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

Onanuga said the successful rescue operation underscores the commitment of the Federal Government and security agencies to ensuring the safety of citizens and tackling criminal activities across the country.

Although details of the rescue operation were not immediately disclosed, the presidential spokesperson commended the security personnel involved for their professionalism and dedication in securing the release of the abducted pupils and their teachers.

The victims were kidnapped in Oriire Local Government Area, an incident that sparked widespread concern and renewed calls for stronger security measures to protect schools and communities from criminal attacks.

The Presidency reaffirmed the administration’s resolve to intensify efforts against kidnapping, banditry and other forms of insecurity, while assuring Nigerians that security agencies will continue to pursue those responsible for the abduction and bring them to justice.

The release of the pupils and teachers has been welcomed as a significant relief for their families, the affected community and the Oyo State Government. Authorities are expected to provide further details on the rescue operation and the condition of the freed victims.

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Senate Passes Bill to Establish State Police Across Nigeria

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Senate in Session
Senate in Session
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The Senate on Wednesday passed a constitutional amendment bill seeking to establish state police services across the federation, marking a significant step in ongoing efforts to reform Nigeria’s security architecture.

The bill, titled the Constitution of the Federal Republic of Nigeria (Alteration) (State Police) Bill, 2026, was considered and approved after extensive debate by lawmakers during plenary.

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INEC Declares Oyebanji Winner of Ekiti Governorship Election, Secures Landslide Re-election

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Ekiti State Governor,Biodun Abayomi Oyebanji
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Governor Biodun Oyebanji of the All Progressives Congress (APC) has been declared the winner of the 2026 Ekiti State governorship election by the Independent National Electoral Commission (INEC), securing a decisive victory across the state’s 16 local government areas.

The official declaration was made in the early hours of Sunday by the Returning Officer for the election, Professor Adenike Oladiji, Vice-Chancellor of the Federal University of Technology, Akure, at the state collation centre.

Announcing the final results at about 3:13 a.m., Oladiji stated that Oyebanji polled a total of 319,224 votes to emerge victorious, defeating other contenders in the keenly contested election.

According to the results released by INEC, the candidate of the Peoples Democratic Party (PDP), Oluwole Oluyede, garnered 40,543 votes to finish second, while Dare Bejide of the African Democratic Congress (ADC) secured 12,872 votes.

The Returning Officer disclosed that 384,940 voters were accredited for the election conducted across the state on Saturday. She added that 375,777 valid votes were recorded, while 6,332 votes were rejected, bringing the total number of votes cast to 382,109.

“That Biodun Abayomi Oyebanji, having satisfied the requirements of the law and scored the highest number of votes cast, is hereby declared the winner and returned elected,” Oladiji announced.

Oyebanji’s victory marks a significant endorsement of his administration by the electorate, as the incumbent governor secured an overwhelming majority of votes across the state.

The governorship election attracted widespread attention, with political stakeholders and observers closely monitoring the process. Voting generally proceeded peacefully across most parts of Ekiti State, although there were reports of technical challenges and allegations of irregularities in some locations during the exercise.

Security agencies maintained a strong presence throughout the election period, while election officials worked to ensure the smooth conduct of the poll.

The declaration officially concludes the 2026 governorship election process in Ekiti State and paves the way for Oyebanji to continue in office for another term as governor.

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