Abdusalami Abubakar & Stella Oduah Indicted In N230B Oil Scam

Former Head of State, General Abdusalami Abubakar [rtd] and Minister of Aviation, Princess Stella Adaeze Oduah reports says have both been indicted by the Report of House of Representatives Ad Hoc Committee on Fuel Subsidy with pressure mounting on the serving Minister to resign from the cabinet.

“Daily Post” gathered from competent sources that Oduah who is the Federal Minister for Aviation is a major shareholder of one of the indicted oil companies, Sea Petroleum and Gas Company Limited [SPG] which jointly collected a whooping sum of N230,184 billion on Premium Motor Spirit [PMS] volume of 3,262,960225, liters but which was not supplied SPG, sources said was registered on May 3rd, 1998 “to carry on the business of licensed bunkering of petroleum and other mineral oil in all its branches”. SPG’s registration number is 221250 while it has three other Directors apart from Stella Oduah, Erotomi Buwa and Elizabeth Stewart.
Sources at the Corporate Affairs Commission [CAC] further disclosed that Oduah owns 1,999,000,000 out of the two billion shares are being held by the three other directors.
Also, the former Head of State, Genera Abubakar [Rtd] who is the major shareholder in Maizube Petroleum Limited is indicted with the report.
Abubakar holds 600,000 shares in the company registered in 2003 with a one million share capital. Maizube has two other Directors namely Abubakar Isah and Abubakar Aminu.
It was gathered that the leadership of the House of Representatives is desperately pushing for the implementation of the committee report and has allegedly sent copies of the report to the presidency, Economic and Financial Crimes Commission [EFCC], Police and State Security Services [SSS]..
However, it was further gathered that the President is under pressure from his advisers to relieve the Aviation Minister, Stella Oduah of her appointment in order to protect the integrity of his administration.
Sources disclosed that Jonathan is worried by the involvement of the minister and influential Nigerians in the Oil subsidy scandals, which according to the sources had brought panic to the President’s mind on how to dismiss the Minister.
The sources added that the indicted Head of State is buzzing all contracts to forestall the implementation of the oil subsidy report; the powerful Nigerians have allegedly reached out to the Presidency pleading that the action be withheld on the committee’s report on the basis that the committee was vindictive and not thorough in its investigation.
Abubakar have also allegedly reached out to friends in the House of Representatives and those from his state and the six geopolitical zones to block the committee’s report at publicizing the report until they find away to obviate their purported indictment.


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Pastor Tunde Bakare Reports at SSS Office

Pastor Tunde Bakare has reported to the Nigeria’s secret police, the SSS office to answer question regarding the content of his Sunday sermon asking President Goodluck Jonathan to resign from office.

Pastor Bakare was earlier today invited to meet with the State director of the SSS at its Shangisha offices in a Lagos suburb for a 4 PM meeting and a tweet from Mallam Nasir El-rufai, a short while ago confirmd that he has complied with the invitation.

El-Rufai’s tweet read thus:

Pastor Tunde Bakare just entered the SSS office. We must all be vigilant and resist any abridgment of free speech in our nation

We will be watching and waiting…and raise alarm if he is not out within a reasonable time. His lawyers are with him….

It will be recalled that the fiery Lagos pastor and political activist yesterday delivered a damning sermon titled: “How To Change Government Peacefully And Make Society Better”, asking President Goodluck Jonathan to resign from Office.

In case you missed the Damning paper he presented at the Sunday service, click HERE to read it.

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Suspected Bomber Arrested in Lagos

Police Authority in Lagos yesterday confirmed the arrest of man believed to be carrying some items suspected to be explosives.
It was gathered that the suspect was arrested at Orile Bus stop in Lagos.

The Commissioner of Police in charge of the bomb disposal unit, Mr Foluso Adebanjo, confirmed that the man is in their custody and is currently undergoing questioning.

He said: “A man was arrested and we are still interrogating him and cannot say whether what was found on him are explosives or not for now”.

The suspect who was simply identified as Lawal had joined members of Living Faith Church, aka Winners’ Chapel, who were going for worship at the church’s headquarters in Sango Ota, Ogun Sate.

He was suspected to be carrying explosive by some of the church members who raised the alarm.

An eye witness who was at the church to worship said they had to alert the church authority whe they doubted his appearance

“He was looking shabby but when scrutunised closely, we discovered he had some celotaped substances with a celotaped mobile phone on his hand.

“We became suspicious because wire was attached to the substance and it looked carefully seal,” he said.

A source at the Orile Police Station where the suspect is been held confirmed that the suspect was carrying heavy gadgets including a cell phone connected with a wire attached to the substance and carefully sealed and cellotaped.

The Police source said the suspect also had an extra phone that was equally cellotaped


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University of Lagos Tops List of Best Universities in Nigeria, 16th in Africa

The university of Lagos has topped the lists of Best Universities in Nigeria and 16 in Africa coming behind University of Nairobi and University of Ghana, both of which took the 14th and 15th positions respectively.. This rating emerged in a recent ranking of the top 100 universities in Africa, by 4icu.org in its 2012 World University Web Ranking: Top 100 Universities and Colleges in Africa.

To emerge the Best University in Nigeria, University of Lagos beat 8 others namely University of Ilorin and University of Ibadan which ranked 39 and 40 in Africa respectively. Others are Obafemi AwolowoUniversity(42), University of Benin (45), University of Port-Harcourt(52), University of Agriculture, Abeokuta(64), Ahmadu Bello University, Zaria (84) and The University of Jos (88).

in Africa, The University of Cape Town, South Africa was the first on the list, followed closely by University of Stellenbosch, South Africa and the University of Pretoria, also in South Africa. As a matter of fact, the first six Universities on the list were South African Universities, with Cairo University, Egypt coming seventh.

According to 4icu.org, this ranking is based on web popularity of the universities. 4 International Colleges & Universities is an international higher education search engine and directory reviewing accredited Universities and Colleges in the world. 4icu.org includes 11,000 Colleges and Universities, ranked by web popularity, in 200 countries.

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Pastor Tunde Bakare Advises Jonathan to Resign Now

Pastor of the Latter Rain Assembly Church and Convener of the Save Nigeria Group (SNG) Pastor Tunde Bakare has advised President Goodluck Jonathan to resign.

Bakare made the call at the Latter Rain Assembly on Sunday while delivering a paper titled, How To Change A Government Peacefully And Make The Society Better.

Bakare told the President that resignation was not “a sign of weakness but a sign of patriotic truthfulness”.

Read the text of the paper HERE


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Jonathan Invites Tambuwal for Talks Over Impeachment Threat

President Goodluck Jonathan wants an immediate end to the cold war between him and the House of Representatives.

He has invited Speaker Aminu Tambuwal for peace talks to iron out their differences.

The duo were scheduled to meet last night at the Presidential Villa for the talks.

The Presidency and the House are locked in a stand-off over alleged slow pace at which the 2012 Budget is being implemented with the Reps, on Thursday, threatening the President with impeachment for the situation.

They gave him up to September to implement it to 100 per cent, failing which “we will begin drafting the article of impeachment.”

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EFCC Dumps Lawan Committee Report

The Economic and Financial Crimes Commission is not making use of the investigative report on the fuel subsidy management conducted by the House of Representatives Ad Hoc Committee led by Mr. Farouk Lawan.

Investigations show that the EFCC leadership views the Lawan committee’s report, which is enmeshed in a $620,000 bribe controversy involving Lawan and oil magnate, Femi Otedola, as a mere fact-finding exercise lacking the force for prosecution.

The commission believes that the investigation conducted by the ad hoc committee, which revealed the theft of N1.07tn subsidy funds by oil importers and their collaborators, can’t be relied upon to prosecute anybody.

Although the commission, which commenced its independent investigation in April, did not dwell on the House report, it did not dismiss it in its entirety.

The Lawan committee recommended that 72 companies be investigated by “the relevant anti-corruption agencies in order to establish their culpability and to recover the N230.1bn said to have been misappropriated by them.”

SATURDAY PUNCH gathered that the commission was relying on the investigation led by its Director of Operations, Mr. Laolu Adegbite, to bring those indicted in the administration of the subsidy funds to book.

The EFCC team, comprising over 60 operatives, who visited oil installations across the country and other vital oil distribution points, did not focus only on the oil importers as was the case in the House of Representatives’ report.

It is the view of the leadership of the commission that all those found to have played various roles in the issue of the subsidy and whose names came up during the investigations would face prosecution irrespective of whether the person is an importer, or a Petroleum Products Pricing Regulatory Agency or the Nigerian National Petroleum Corporation worker.

Although the Attorney-General and Minister of Justice, Mr. Mohammed Adoke, said last week that the commission might commence prosecution of indicted oil importers next week, investigations showed that Adegbite and his men were still probing.

However, the commission has gone very far in its investigation and has come up with enough findings to approach the court for prosecution.

“The report was not discussed as an issue, but assurances were given that as soon as the EFCC finishes its assignment, which is very soon, you will begin to see prosecution probably in the next one week.

“So, Nigerians should be rest assured that this is not an issue that will be swept under the carpet.

“We have gone this far because we want a proper and painstaking investigation done so that when we charge people to court, there will be no lapses or loopholes for lawyers to explore,” the AGF had told State House correspondents after a meeting of the three arms of government in Abuja.

source: www.punchng.com

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FG Establishes Hydro-Carbon Pollution Restoration Project

Minister of Petroluem, Diezani Madueke and Minister of Environment, Hadiza Mailafiya

The Federal Government on Friday announced the formation of a Hydro-Carbon Pollution Restoration Project, HYPREP, in clear furtherance of its commitment to implement the United Nations Environment Programme (UNEP) Assessment Report on Ogoniland.
Speaking at a press conference in her office, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, told journalists that the setting up of HYPREP by Mr. President is in keeping with the Federal Government’s determination to protect the environmental human rights of the people.
The Minister announced that the Project shall implement the recommendations of the UNEP report on Ogoniland as well as investigate, evaluate and establish other hydrocarbon impacted sites and make appropriate recommendations.
“With the establishment of this project, it is expected that all stakeholders, especially the impacted communities, will cooperate fully with Government and grant unfettered access to all impacted sites to ensure complete success,’’ the Minister stated.
She solicited the cooperation of all stakeholders especially community leaders to ensure the effective implementation of the programme.
Also present at the briefing were the Honorable Minister of Environment Mrs. Hadiza Ibrahim Mailafia, the Group Managing Director of the NNPC, Engr. Andy Yakubu, the Permanent Secretaries of the Ministries of Petroleum Resources and Finance, the DG National Oil Spill Detection and Response Agency, NOSDRA as well as some top Management of the NNPC and Petroleum Ministry.

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Fire Ravages Oil Vessel, Fuel Tankers In Port-Harcourt

Barely one week after a tanker fire skidded of the road and busted into flames on the East-West highway at Okogbe in Ahoada West Local Government Area of River State, killing over 100 persons, another incidence of tanker fire has occurred at two different locations, Abuloma waterside and Rumuokehi around Eneka area of the state today.

The fire incident at Ablomma was said to have been caused by a fuel badge at the jetty, resulting to the bursting into flames of an oil vessel at the jetty.

As at the time of this report, official of the National Emergency Management Agency at Abuloma said a there are still battling to put out the fire and prevent it from spreading to other tankers at the jetty.

Five petrol trucks are also said to be on fire at the second location in Eleka area of Port Harcourt which is just a few kilometers away from the Aboluma jetty, in Rumouekehi, but has been successfully put off by a combined team of the fire service and other rescue officials.

The source of the Rumouekehi fire could not be ascertained, but unconfirmed sources said the tankers were set ablaze by men of the JTF because they were being used by bunkerers.

The South-South Zonal Coordinator of NEMA, Umesi Emenike, said: “The fire started at about 8am from petroleum products; the first one involved about five tankers which were burnt down while the second was caused by an oil vessel. Our men are still on ground for rescue operations.”


In what may have turned out to be another fire disaster, Notwithstanding the recent death of over 100 residents who were scooping petrol from an accidented fuel tanker in the city, residents were seen scooping fuel from the scene of the incidence, but were immediately chased off by men of the Joint Task Force, JTF, which then cordoned off the area. However there are reports by residents of the community that some 26 persons might have died in the tanker inferno.

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As Ramadan Begins, President Jonathan Urges Muslims To Promote Peace And Unity

President Goodluck Jonathan has admonished Muslims faithful in Nigeria to use this annual month long fast of Ramadan, which is one of the Five Pillars of Islam to offer special prayers for the peace, stability and progress of the country.

In a statement signed by the Special Adviser to the President on Media and Publicity, Dr Rueben Abati, the President greets all Muslims in Nigeria as they join the global Islamic community to begin this year’s Ramadan fasting.
While Noting that the Ramadan fast teaches Muslims to practice piety, self-discipline, self-control, sacrifice, tolerance, justice, fairness and empathy for the less fortunate in society, the President calls on all Nigerian adherents of the Islamic faith to reflect on these edifying lessons as they fast and make them a greater part of their daily lives to promote peaceful co-existence and greater unity amongst the diverse groups in Nigeria.
Against the background of recent security challenges in parts of the country, President Jonathan assures the Islamic faithful in the affected areas that every possible effort will be made to ensure that they observe the Ramadan rites of spiritual reflection, supplication, good deeds, charity and worship without hindrance, Abati said.

The President prays that God Almighty will grant the prayers of Nigerians during Ramadan and reward the entire nation with multiple blessings as well as greater peace, security, political stability, unity and faster socio-economic development.

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Reps Threaten To Impeach President Goodluck Jonathan – Premium Times

The face-off between the House of Representatives and President Goodluck Jonathan continued, Thursday, as some lawmakers served Mr. Jonathan a shocking impeachment warning, threatening to remove him from office if the 2012 budget was not fully implemented by September.

The impeachment warning by the Lawmakers followed a motion by Femi Gbajabiamila, the Minority Leader.

Citing an order of privilege, Mr. Gbajabiamila, a member of the Action Congress of Nigeria (ACN), argued that the president was in negligence of his primary duty of implementing the budget which would have addressed the nation’s poor infrastructure.

“The President, by failing to implement the budget as passed by this honourable House, violates the 1999 Constitution and is therefore liable to be impeached under section 143 of the 1999 constitution,” Mr. Gbajabiamila said.

The lawmaker said that while the House should respect the President’s personality, there was need to mete out the penalty, as a deterrent to leaders who flout the laws.

“Therefore, I want to hereby submit, that come September, we will begin to invoke and draw up articles of impeachment of Mr. President,” he declared while receiving a rousing support of members.

Blame Finance Minister

Mr. Gbajabiamila had hardly finished his speech when he was interrupted by Karibo Soalaboye (PDP/Bayelsa), who represents the President’s constituency in the House.

Mr. Soalaboye maintained that budget concerns should be laid at the table of the Ministry of Finance.

The Speaker, Aminu Tambuwal, agreed with Mr. Soalaboye and sustained his argument.

Poor budget implementation

The impeachment threat came on the heels of a motion by Albert Sam-Tsokwa (PDP/Taraba) and 20 others on the non-implementation of  budgets by the Executive.

Mr. Sam-Tsokwa described the budget implementation as an annual national failure, saying only 30 per cent of the budget was implemented on average.

The motion was widely debated by 20 Chairmen of key House committees, including the Committees on Appropriations, Finance, Works, Agriculture, Customs, Gas, and Petroleum(Upstream).

Mr. Sam-Tsokwa expressed concern that seven months into the 2012 fiscal year, the implementation of the budget, as reported by the MDAs, indicates that the recurrent expenditure is judiciously implemented, while the capital expenditure is abysmally implemented.

Blame Jonathan for PIB delay

Earlier, Mr. Tambuwal called on Nigerians to hold the President responsible for the eventual delay that the passage of the Petroleum Industry Bill (PIB) may face.

Mr. Jonathan was accused of sending the new PIB to the House on a day the chamber was commencing its annual break. The lawmakers commenced their annual break after Thursday’s sitting and are expected to resume on September 17.

The decision of the President to submit the bill to the lawmakers, a day to their recess, was criticized with some lawmakers suggesting the bill be rejected.


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Senate Commences Probe Into N175 Billion Malabu Oil Scam

After weeks of disappearing from public discourse, the controversial N175 billion oil bloc deal in which some top government officials and a local firm, Malabu Oil and Gas were fingered returned to the plate again today as the Senate resolved to commence investigation into the sale of the OPL 245 oil bloc to the firm and the sharing of the slush fund.

The Senate resolution to probe the less transparent deal in which the country’s controversial Attorney General and Minister of Justice, Mohammed Bello Adoke featured prominently followed a motion sponsored by the Deputy Majority Leader, Abdul Ningi and 46 other senators.

While justifying the need for the probe, Ningi had reminded his colleaques that Nigeria signed up to the Global Extractive Industries Transparency Initiative (EITI) in 2003, began implementation in 2004 and took a step further with the Nigerian Extractive Industry Transparency Initiative (NEITI) Act 2007, adding that the objective of the Act as contained in Section 2(a and c) of the Act, included ensuring due process and transparency in payments made by all extractive industry companies to the Federal Government and statutory recipients.

The Act, it was also noted, seeks to eliminate all forms of corrupt practices in the determination, payment, receipts and posting of revenue accruing to the federal government from the extractive industry companies. The motion expressed concerns over recent developments as regards “circumstances surrounding a tripartite transaction involving the Federal Governemnt, Shell/Agip as well as Malabu Oil and Gas Limited in respect of Oil Bloc referred to as OPL 245”, as well as “legal and ethical issues surrounding the transaction and pattern of distribution of proceeds to beneficiaries which could make Nigeria a subject of sanctions by EITI if nothing is done to investigate the weighty allegations that appear to have violated the dictates of the global initiative.”

Spirited efforts made by the Chairman, Senate Committee on Water Resources, Senator Heineken Lokpobri from Bayelsa state to shoot down the motion proved abortive. He had argued that the senate should not get involved in an issue it knew little or nothing about.

His words, “I rise to oppose this motion in its root, stem and branches. The Senate as the highest making body should not be made to go on a voyage of this nature. There must be sufficient fact to make Senate decide whether there would be investigation or not. The first issue is whether you can sell what you do not have because the bloc does not belong to the federal government and it cannot sell what it does not have.”

Lokpobiri who appeared desperate not to allow the motion sail through insisted that the controversial oil bloc was allotted to certain individuals by the administration of late General Sani Abacha and later revoked by President Olusegun Obasanjo.

“When Chief Olusegun Obasanjo came into power, he purportedly revoked those licences and these companies went to court and the court declared the revocation null and void and as such, the oil blocs were restored to the companies including Malabu Oil and Gas. The truth was that when Obasanjo revoked this, he gave it to Shell in 2002”, he had argued.

Ruling on the opposition to the motion, Senate President, Mr David Mark declared that there was no crime if the Senate decides to investigate the entire transaction with a view to putting the controversy to rest, stressing that “I know close to nothing about oil blocs and what I want to ask is whether there is anything wrong with Senate Committee investigating these facts and bringing them to us.”

With the declaration, the Senate agreed to probe the deal in which billions of naira were said to have been wired into the bank accounts of top government officials using known proxies. The Senate will tomorrow begin its 2012 annual recess and expected to reconvene on September 17.


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