A leading pro-Nigeria civil society group, Nigeria First, has sued for peace and calm amongst citizens in the face of ongoing negotiations on the total deregulation of Nigeria’s oil industry.
Nigeria First whilst throwing its weight behind the Federal Government in its ongoing reforms in the Oil and Gas sector, blamed fake news and misinformation for the current misunderstanding over the yet to be concluded negotiations on PMS pump price between the Federal Government and other stakeholders in the sector.
Speaking at a press conference on Sunday in Abuja, Secretary-General, Comrade Augustine Richard Adie, accused manipulators in the petroleum industry of selling an agenda to the public by refusing to accept all clarifications made by the authorities.
According to Adie, these ” detractors and saboteurs have sold the inciting dummy to gullible Nigerians and the result is panic-buying, and deliberate hoarding of petroleum products to create artificial scarcity to satisfy their excessive quest for profits”.
Adie further noted that the aim is to undermine President Muhammadu Buhari’s laudable reforms in the sector, knowing fully well that he does not determine the price of PMS in the international market.
Adie added that neither the president, petroleum ministry, Nigeria National Petroleum Corporation or the country’s oil managers have added a penny to the current price regime of petroleum products.
“There is an unconscionable linking of the Muhammadu Buhari led Federal Government with mindless price increments on petroleum products to further inflict hardships on Nigerians. The news is false in all accuracy of the realities on the ground!,” the statement read partly.
“But for days, the manipulators in the Oil and Gas industry and speculators of the fake news have been insistent on selling this agenda to the public by refusing to accept all clarifications made by the authorities . This is despite the officially repeated refutations by the Ministry of Petroleum, the NNPC, PPPRA and other subsidiary companies in the Oil and Gas sector.
“The detractors and saboteurs have sold the inciting dummy to gullible Nigerians and the result is panic-buying, and deliberate hoarding of petroleum products to create artificial scarcity to satisfy their excessive quest for profits. The intention is to discredit President Buhari, who does not determine the price of PMS in the international market which is strictly regulated by OPEC.
“We wish to state categorically clear to all Nigerians that neither President Muhammadu Buhari nor the Petroleum Ministry or the NNPC, Nigeria’s oil managers have added a penny to the current price regime of petroleum products. There is enough supply of PMS all over Nigeria.
“What has happened is that through a consensus of Nigeria’s think-tank/ stakeholders, particularly in the Oil and Gas industry, including high profile leaders, a tentative consensus was reached that oil subsidy be dropped in 2021.”
Nigeria First, however, urged Nigerians to remain calm as there is no price increase in PMS or any other petroleum product.
It noted that the prevailing PMS price still stands until consultations are finally concluded and the decisions reached shall be officially communicated to all .
While assuring Nigerians of PMS supply for the foreseeable future, the group hoped that the subverts and greedy profiteers shall be caught and made to face the law.
Adie further assured Nigerians that Mr. President is ready to protect their interests at all time, taking into account his extraordinary reforms and transparency in the Oil and Gas industry.
“The transparency and accountability in the sector as experienced now are novel to Nigerians and we must all trust and repose full confidence in Mr President who doubles as the Petroleum Minister in ensuring that marketers are monitored and no arbitrary charges or profits are adopted by marketers and stakeholders in the industry to impose hardships on Nigerians,” Adie said.
“The current artificial scarcity which is occasioned by fake news and selfish manipulators in the industry is highly regretted. It is a conduct worthy of condemnation by all Nigerians”.
The Nigeria First, however, urged the key actors in the Oil and Gas sectors not to relent, but to compliment the President’s efforts in its accountability drive to continue to protect the interest of the masses in the Oil and Gas industry.
Fulani Will Always Revenge Injustice, Says El-Rufai
Governor Nasir El-Rufai of Kaduna State says the Fulani tribe will always take revenge whenever they suffer injustice.
He, however, said they accept their fate whenever they are convicted of a crime. El-Rufai said this on Thursday during a webinar organised by the Africa Leadership Group.
The governor was asked to clarify his tweet in 2012 wherein he said, “Anyone, soldier or not, that kills the Fulani, takes a loan repayable one day no matter how long it takes.”El-Rufai had been asked why he made the comment and if the Igbo would be justified to take revenge on other Nigerians that killed them during the Biafran war.
In his response, the governor said, “If a Fulani man dies in war, it is different. If a Fulani man is arrested by the authorities and convicted, it is not an issue. What the Fulani never forgets is when he is innocently targeted and killed and the authorities do nothing. He will never forget and he will come back for revenge. This is it.
“So, it is better to understand the context given the context of what I tweeted which had to do with an issue in Plateau State in 2012. I hope you get the context. So, it is not that Fulani will never forget. Anyone that goes through pain and sorrow either forgets or doesn’t forget but when it is extrajudicial, when it is extra-official, the attitude is completely different.
“This is the context in which Fulani never forgets. It is not in every context. As I said, I lost relations during the war. It doesn’t mean I still hold a grudge. We’ve moved past that.”
Buhari Probes N165.32bn Unremitted Operating Surplus by NPA
The President, Muhammadu Buhari , is probing alleged non-remittance of about N165bn operating surplus to the Consolidated Revenue Fund by the Nigerian Ports Authority.
There are indications that the development may not be unconnected to the recent suspension of the Managing Director of the agency, Hadiza Bala-Usman.
Documents sighted on Friday showed that the government figured out discrepancies in the remittance of operating surpluses by the NPA to the Consolidated Revenue Fund for two consecutive years under the leadership of Bala-Usman.
Findings indicated that a total of about N73.61bn (N56.3bn in 2017 and N17.31bn in 2018) realised within the two-year period was not remitted to the CRF as expected by the government, although the suspended NPA boss provided explanations to the contrary.
Also, the Federal Ministry of Transportation in a May 4, 2021 letter to the President claimed that the NPA failed to remit N165.32bn to the CRF from 2016 to 2020 and called for an investigation and audit of the financial accounts of the authority
But in a letter, with reference MD/17/MF/VOL-XX/541, dated May 5, 2021 and addressed to the Chief of Staff to the President, Bala-Usman said the NPA was aware of Buhari’s approval for the Federal Ministry of Transportation to conduct an audit of the accounts of the NPA and its remittances to the CRF.
The letter was entitled, “Re: Request for the record of remittance of operating surplus to the Consolidated Revenue Funds account by the Nigerian Ports Authority.”
In the letter, she explained that the audited financial statements of the NPA provided operating surpluses in 2017 and 2018 that were contrary to what were arrived at by the Office of the Chief of Staff to the President.
The letter read in part, “Audited financial statements of the authority for the period 2017 and 2018 provides operating surpluses of N76.782bn and N71.480bn for 2017 and 2018 respectively as contrary to the sums of N133.084bn and N88.79bn arrived at by your office from the budgetary submission.”
The letter stated that the presidential approval for the audit of the NPA accounts arose from a correspondence between the Budget Office of the Federation and the Federal Ministry of Transportation where the budget office conveyed to the FMoT an observed shortfall of the authority’s remittances to the CFR.
Bala-Usman said, “We wish to state that the authority’s basis for arriving at the operating surplus on which basis the amount due for remittance to the CFR is guided by the Fiscal Responsibility Act 2007 as amended.
“It is further based on the statutory mandate Part 1, S.3(1) (b) &(d) whereby the FRC issued a template for the computation of operating surplus for the purpose of calculating amount due for remittance to the CRF.
“Accordingly, the figures so provided by the Budget Office of the Federation as the operating surplus for the respective years on which basis they arrived at the shortfall are derived from submission of budgetary provision not the actual amounts derived following the statutory audit of the authority’s financial statements.”
She argued that in line with the template issued by the Fiscal Responsibility Commission, the accessible operating surplus of the authority stood at N51.09bn and N42.51bn for 2017 and 2018 respectively.
“This amount will give rise to a remittance due to the CFR in the sum of N40.873bn and N34.065bn representing 80 per cent of the surpluses for the year 2017 and 2018 respectively.
“Accordingly, the authority consequently made a remittance of N42.415bn and N33.969bn for the years 2017 and 2018 respectively for the full amount required as remittance for the period.”
On remittances for 2019 — 2020, the suspended MD said the audit of the 2019 financial statement had been completed and awaiting consideration of the authority’s board at which point the final figures for the 2019 operating surplus would be determined for consequent computation of the amount due for remittance to the CFR.
“But thus far, the authority has made a remittance of N31.683bn for the 2019 remittance. The sum of N51.049bn has also thus far been remitted for 2020, while awaiting the audited financial statement to determine the final amount required for both 2019 and 2020 at which point the authority will make the payment of the balance as required,” Bala-Usman noted.
She stated that based on the above, the authority wished to clarify that the computation of its remittances to the CFR were concluded from audited financial statements using the template forwarded to the authority from the Fiscal Responsibility Commission and not budgetary provision.
“The authority has remitted the full amount due to it to CFR for the periods 2017 and 2018 arising from the operating surplus derived from the audited financial statement for the period totaling N76.384bn as evidenced in attached treasury receipts,” Bala-Usman said.
She added, “The authority has remitted a total of N 82.687bn for the periods 2019 and 2020 pending the audit of the financial statement at which point the amount so computed arising from the value of the operating surplus in the audited financial statement will be remitted to the CFR.”
She said the NPA wished to request the Chief of Staff and the Office of the Accountant-General of the Federation who were the statutorily custodian of status of payment to the CRF to provide clarification on the above so as to establish the true position of the authority’s remittances to the CFR.
Parents of Abducted Kaduna Students Protest at National Assembly
Parents of the abducted students of the College of Forestry Mechanization Afaka in Kaduna State have occupied the National Assembly complex, Abuja, in protest.
The protesters which include members of the Students Union Government (SUG) of the institution are lamenting over what they described as the negligence of the state and Federal Government in securing the release of the children.
They chanted songs of solidarity and displayed placards demanding prompt rescue of the students.
“Education is our right! Safety is our right! Freedom is our right!, Free Afaka 29! ” the parents and students chanted as they marched to the National Assembly.
The protesters joined by the Publisher of Sahara Reporters, Omoyele Sowore and Deji Adeyanju had earlier gathered at the Unity Fountain before proceeding to the National Assembly complex.
The main entrance of the National Assembly was however manned by security agents who denied the protesters entrance.
On 11th March, 39 students of the Federal College of Forestry Mechanization Afaka in Igabi Local Government Area of Kaduna State were abducted from their hostels by bandits dressed in military uniform.
Ten of the students were released in two batches of five each but 29 others have remained in captivity.
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