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Economic Sabotage: Senate Invites NNPC, CBN, NIMASA, Dangote, Others for Questioning

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Senator Michael Opeyemi Bamidele
Senate Leader, Senator Michael Opeyemi Bamidele
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*Investigates Billions Spent On Maintenance Of Nation’s Refineries
*Beams Searchlight On NMDPRA Over Payment To Transporters
*Reveals Plan To Visit 22 Depots, Refineries Nationwide

The Senate has revealed its plan to invite the Central Bank of Nigeria, Nigeria Port Authority, Nigerian National Petroleum Company Limited, Dangote Group and Hon. Minister of State for Petroleum, Heineken Lokpobiri, among others, for questioning over alleged economic sabotage in the country’s petroleum industry.

The upper chamber, further, disclosed that it would investigate billions of dollars that had been spent on turnaround maintenance of the state-owned refineries in the last decade with a view to addressing deep-rooted challenges facing the industry.

The Leader of the Senate and Chairman, Senate Ad-hoc Committee on Alleged Economic Sabotage in the Nigerian Petroleum Industry reeled out the plans at a news conference he addressed yesterday alongside other members of the ad-hoc committee at the Public Accounts Hearing Room 4, National Assembly Complex, Abuja yesterday.

The news conference was organised to educate the public on the mandates, workings, and of course the modalities adopted by the ad-hoc committee, which the Senate constituted on July 3 to investigate allegations of economic sabotage in the country’s petroleum industry.

After its inauguration last Monday, President of the Senate, Senator Godswill Akpabio charged the 15-man ad-hoc committee to conduct a comprehensive investigation into the allegations within three weeks.

Speaking at the conference on Thursday, Bamidele pledged to carry out holistic investigation into the allegations of economic sabotage in Nigeria’s petroleum industry.

The chairman of the ad-hoc committee also assured Nigerians that the ad-hoc committee would carry out thorough investigation into diverse reasons the state-owned refineries have not been operational for years despite budget earmarked for turnaround maintenance.

Specifically, Bamidele noted that the contractors handling the turnaround Maintenance for the refineries would be invited to let the committee on the situation of things.

Bamidele added that the investigation would not be an armchair investigation, pointing out that members of the ad-hoc committee had already set machinery in motion to visit Lagos, Port Harcourt and Warri to have engage key actors in the petroleum industry.

He said: “It is pertinent to note that in the course of interactions with the identified stakeholders, the ad-hoc committee will visit any of their facilities that it deems necessary, especially the state-owned refineries, to ascertain their status, considering the funds already invested in the various turn around maintenances year without any meaningful result.

“The ad-hoc committee is particularly interested in understanding why local refineries are not working despite the substantial amounts of money spent annually on their maintenance and operations. We will closely examine what the Nigerian National Petroleum Corporation Limited has been doing to address this persistent problem.”

He further revealed that the ad-hoc committee had identified some critical stakeholders to interact with in the course of discharging this noble assignment

The stakeholders, according to him, Federal Ministry of Finance, Federal Ministry of Trade and Investment, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Nigerian Upstream Petroleum Regulatory Commission, Standards Organisation of Nigeria, Nigerian Maritime Administration and Safety Agency, Nigeria Customs Service, Nigerian Navy, Obat Oil and Petroleum Limited, Matrix Energy Depot
Independent Petroleum Marketers Association of Nigeria,
International Oil Companies (IOCs), Depot and Petroleum Products Marketers Association of Nigeria, Major Oil Marketers Association of Nigeria,
Capital Oil and Modular Refineries.

Bamidele added that the ad-hoc committee “will meet with stakeholders in their various zones to gather localised insights and feedback. To ensure broad participation and transparency, the ad-hoc committee will create a platform for the general public and stakeholders to submit memoranda before the public hearings.”

He categorically stated that part of mandate of the committee meant “to uncover parties involved in the importation of adulterated fuel and diesel into the country.

“Our investigation seeks to identify and hold accountable all parties involved in the importation and distribution of the adulterated petroleum products. This includes suppliers, importers, regulatory bodies, and any other entities that may have contributed to this serious lapse in quality control.

“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 Committee is committed to ensuring the highest standards of fuel quality for the Nigerian market.”

Bamidele noted that the ad-hoc committee would beam legislative searchlight on the activities of the Nigerian Midstream and Downstream Petroleum Regulatory Authority including payments made to transporters in the last 10 years.

He noted that the ad-hoc committee would enquire from the NNPCL the state and status of the 22 depots built by the defunct NNPC to eliminate road distribution of petroleum products.

He, therefore, appealed to various stakeholders “to cooperate with the committee so that there can be lasting solution to problems in the oil sector. Our mandate is of strategic national interests.

“Each member of the committee is carefully selected based on his/her records of sterling performance. We are all men of integrity who will never pursue selfish interests at the expense of the national interests.

“The Senate did not constitute this committee to intimidate and witch-hunt any party. Rather, the committee was constituted for the purpose of ensuring social and economic justice in the light of grim realities we are facing as a federation.

“We are also taking this task seriously with a view to addressing fundamental issues that pose grave threats to our economic prosperity, fiscal stability and public health as a federation.

“In line with our mandate, we will definitely unravel the roots of economic sabotage in Nigeria’s petroleum industry and make necessary recommendations that will entrench global best practices in the industry and open it up for more investments, especially in the midstream and downstream sectors.

“We are utterly committed to this mandate. We shall also carry out this national assignment without fear or favour. We shall be fair and just to all parties with a view to promoting and protecting the strategic national interests of our fatherland.”

Other members of the ad-hoc committee, who attended the news conference, include Senator Adams Oshiomhole (Edo North), Senator Abdul Ningi (Bauchi Central), Senator Osita Izunazo (Imo West), Senator Ifeanyi Uba (Anambra South), Senator Diket Plang (Plateau Central), Senator Tahir Monguno (Borno North) and Senator Abdullah Yahaha (Kebbi North),

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Tinubu Renames Federal University of Medical Sciences, Azare, After Late Islamic Scholar Sheikh Dahiru Usman Bauchi

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President Bola Ahmed Tinubu has approved the renaming of the Federal University of Medical Sciences, Azare, Bauchi State, in honour of the late renowned Islamic scholar, Sheikh Dahiru Usman Bauchi.

The President announced the decision on Saturday during a condolence visit to the family of the revered cleric at his country home in Bauchi State. According to Tinubu, the renaming is aimed at immortalising the scholar’s enduring legacy and his immense contributions to humanity, religious scholarship, and peaceful coexistence.

“From today onward, I announce this change of name to immortalise him. The Federal University of Medical Sciences, Azare, Bauchi State, will from today be known as Sheikh Dahiru Usman Bauchi University. May God bless his memory,” the President declared.

Describing the passing of the cleric as a “great national loss,” Tinubu said Sheikh Dahiru Bauchi lived a life defined by humility, selfless service, and unwavering dedication to the propagation of Islam, peace, and moral values across communities.

He prayed for Allah’s mercy upon the soul of the late scholar and asked that he be granted Aljannatul Firdaus. The President also prayed for strength and comfort for the family, the government, and the people of Bauchi State, urging Nigerians to continue to pray for peace, unity, and national harmony.

Speaking on behalf of the family, the eldest son of the late cleric, Sheikh Ibrahim Usman Bauchi, expressed profound gratitude to the President for the condolence visit, prayers, and the honour bestowed on their father. He also thanked Bala Mohammed, Governor of Bauchi State, for his consistent support to the family.

In his remarks, Governor Mohammed commended the President for honouring the family and Bauchi State, describing the gesture as a fitting recognition of Sheikh Dahiru Bauchi’s lifelong commitment to faith, education, and national unity. He noted that the late scholar’s influence transcended Bauchi and Nigeria, touching lives across generations.

The President was accompanied on the visit by the Speaker of the House of Representatives, Tajudeen Abbas; the Governor of Yobe State, Mai Mala Buni; and Seyi Tinubu, among other top government officials.

Tinubu arrived at the Sir Abubakar Tafawa Balewa International Airport, Bauchi, at about 4:09 p.m., where he was received with a guard of honour by the Nigerian Air Force. He was welcomed by Governor Bala Mohammed; the Governor of Plateau State, Caleb Mutfwang; the Coordinating Minister of Health and Social Welfare, Ali Pate; the Minister of Foreign Affairs, Yusuf Tuggar; and the Senator representing Bauchi South Senatorial District, Shehu Buba.

The condolence visit formed part of the President’s broader engagements to commiserate with the family and followers of the late Islamic scholar, whose influence and contributions to Islamic learning and spiritual leadership spanned decades across Nigeria and beyond.

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Tinubu Begins Multi-State Tour, Heads to Borno, Bauchi and Lagos

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President Bola Ahmed Tinubu
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President Bola Ahmed Tinubu is scheduled to depart Abuja on Saturday on a multi-state visit that will take him to Borno State, Bauchi State and Lagos State, as part of official and personal engagements.

The President’s first stop will be Borno State, where he is expected to commission a number of projects executed by the state government under Governor Babagana Zulum, in collaboration with the Federal Government. The projects are part of ongoing efforts to strengthen infrastructure, governance and post-conflict recovery in the North-East.

While in Maiduguri, President Tinubu will also attend the wedding ceremony of Sadeeq Sheriff, son of former Borno State Governor and Senator, Ali Modu Sheriff, and his bride, Hadiza Kam Salem.

From Borno, the President will proceed to Bauchi State for a condolence visit to the state government and the family of Sheikh Dahiru Bauchi, the late Islamic scholar and spiritual leader of the Tijjaniyya Muslim Brotherhood. The revered cleric passed away on November 27, drawing tributes from across Nigeria and beyond for his decades of religious scholarship and leadership.

Following the condolence visit, President Tinubu will travel to Lagos State, where he will spend the end-of-year holidays. During his stay, the President is expected to participate in several engagements, including serving as Guest of Honour at the annual Eyo Festival scheduled for December 27.

The festival, to be held at Tafawa Balewa Square, will honour notable personalities, including President Tinubu’s mother, Alhaja Abibatu Mogaji, as well as former Lagos State governors Lateef Jakande and Michael Otedola.

The trip underscores the President’s blend of official duties, cultural engagements and personal commitments as the year draws to a close.

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Senate Considers Review of 2025 Budget to ₦43.56 Trillion

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***Edun, Bagudu, others to appear before Senate Committee on Appropriations 

The Senate on Wednesday passed for second reading a Bill seeking to repeal and re-enact the 2024/2025 Appropriations Act, a move that would revise the 2025 budget size to ₦43.56 trillion.

Under the proposed expenditure framework, statutory transfers are pegged at ₦1.74 trillion, debt service at ₦8.27 trillion, recurrent (non-debt) expenditure at ₦11.27 trillion, and capital expenditure and development fund contribution at ₦22.28 trillion.

Following the development, the Senate directed the Minister of Finance, Mr. Olawale Edun; the Minister of Budget and National Planning, Senator Atiku Bagudu; and the Chairman of the Federal Inland Revenue Service, Dr. Zacch Adedeji, among others, to appear before the Senate Committee on Appropriations to provide further clarification on the proposed spending plan.

Leading the debate, the Leader of the Senate, Senator Opeyemi Bamidele, said the bill was a structural and reform-driven intervention aimed at repealing and re-enacting the existing appropriation framework to end the practice of running multiple budget cycles concurrently.

According to him, the practice had historically undermined budget clarity, weakened fiscal discipline and blurred accountability across ministries, departments and agencies. He explained that the amendment would provide a clear and orderly appropriation mechanism to lawfully consolidate and regularise expenditures considered critical, time-sensitive and unavoidable, particularly those incurred in response to emergency situations.

Bamidele noted that the proposal balanced responsiveness with fiscal responsibility, ensuring that urgent public spending does not erode legislative oversight or fiscal prudence. He added that the bill would strengthen safeguards requiring that appropriated funds be released and applied strictly for purposes approved by the National Assembly, while virement would only be permitted with prior legislative approval.

He said the provisions reaffirm the legislature’s power over public finance and ensure transparency, accountability and prudent financial management.

After the debate, the Senate, presided over by the Deputy President of the Senate, Senator Barau I. Jibrin, passed the bill to second reading and referred it to the Senate Committee on Appropriations, chaired by Senator Solomon Adeola, with a mandate to report back to plenary within two days.

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