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NNPC Limited will not tie subsidy, petrol price to operations, says Mele Kyari

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The Nigerian National Petroleum Company Limited (NNPC) says it will ensure the provision of petroleum products to the federal government.
Mele Kyari, group managing director, NNPC, said this during a pre-recorded interview with Channels Television on Sunday ahead of Tuesday’s unveiling of NNPC Limited as a commercial entity.
In September 2021, the Corporate Affairs Commission (CAC) completed the incorporation of the NNPC Limited.
He emphasised that NNPC would be a service provider to the government rather than bearing the responsibility for importation and subsidy.
In the first five months of 2022, NNPC deducted N1.27 trillion for petrol subsidy — about 31% of the N4 trillion provision for the year.
“In the case of the price of petroleum, this is a policy matter. And the NNPC is going to be a supplier to the Federation at a fee. So, the issue of at what price you sell petroleum will be the decision of the state,” he said.
“The state has continued to maintain that we must continue to pay subsidy on petroleum products. We are happy to do this, but as a commercial venture, we will have a service-level agreement between us to render that service.”
Kyari emphasised that the price of petroleum products will have nothing to do with its operations.
“We will procure the products, and we will sell to the state and will be step-on-step with the country, and literally, I’ve seen no indication at this point in time that the state is ready to change any price of petroleum products. It has nothing to do with our operations,” he added.
“For us, what it really means is that this is business for us. We will charge a fee at any point so that the company can make money on behalf of its shareholders.
“More than anything else, there’s really no plan of tying this (subsidy) to our turnover, and they have no relationship.”
Kyari further added that the transition would heighten demand for transparency even as the NNPC had joined the global Extractive Industries Transparency Initiative (EITI).
“Actually it now becomes more demanding to be more transparent. NNPC is a partner company for the global EITI initiative, like many other private companies that voluntarily chose to become partner company to the EITI,” Kyari added.
“The meaning of this is that you’re going to make certain disclosures to your shareholders and to the world community that companies ordinarily are not required to do, and we will keep to that because we’re not going to withdraw as a partner company to the EITI.
“That means that there are further requirements beyond what we are doing today. Beyond just publishing your financial statements, there are many other disclosure requirements for being a partner company to EITI.

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Delta pupil dies in tragic school building collapse

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Delta pupil dies in school building collapse

A Primary 2 pupil in Delta State dies in a school building collapse, while three others are injured. The Governor expresses his condolences to the family.

 

Parents of Primary 2 pupil, Ojiyovwin Salvation, mourn after a school building collapse at Eghereka Primary School, Delta State, leads to his untimely death.

Parents of a Primary 2 pupil, Ojiyovwin Salvation, are grieving his untimely death following the collapse of a school building at Eghereka Primary School in Ewu, Ughelli South Local Government Area of Delta State.

 

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Also read: Kano building collapse claims two lives, two rescued amid heavy rainfall

 

The tragic incident occurred when a block of six classrooms collapsed under heavy rain, killing Salvation and injuring three other pupils.

The collapsed building, which had no roof and was already dilapidated, had not been in use. Despite the condition of the structure, the disaster struck suddenly. Prompt efforts helped rescue the other affected pupils, but Salvation succumbed to his injuries.

Delta State Governor, Sheriff Oborevwori, expressed his condolences to the family through a statement issued by his Chief Press Secretary, Festus Ahon.

The Governor described the incident as highly unfortunate, extending his sympathies to the family, school management, and injured pupils.

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Governor Oborevwori also acknowledged the quick response of the Local Government Council Chairman, Dr Lucky Avweromre, who visited the site and provided support to the surviving victims.

He offered prayers for the grieving family and urged the community to stand together during this difficult time, hoping for God’s comfort to ease their sorrow.

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Crime

Amotekun foils five kidnappings, rescues nine in Ondo State

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Amotekun foils kidnappings in Ondo State

Amotekun foils five kidnapping attempts in Ondo State and rescues nine victims, as the security corps intensifies efforts to combat crime in forests.

 

Amotekun operatives thwarted five kidnapping attempts and rescued nine victims in Ondo State, as confirmed by Commander Adetunji Adeleye.

Operatives of Amotekun, the security outfit in Ondo State, successfully prevented five kidnapping attempts and rescued nine victims in the span of one week.

 

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Also read: School attacks: Amotekun heightens security in Osun boundary communities

 

This was disclosed by Adetunji Adeleye, the state Commander of the Amotekun Corps, during the parade of 20 suspected criminals arrested for various crimes, including cultism, housebreaking, and motorcycle theft.

Adeleye highlighted the commitment of Amotekun to maintaining security across the state, particularly by actively patrolling forested areas notorious for criminal activities.

He stated that the operatives had thoroughly combed these forest flashpoints, especially in the Elegbeka area, to safeguard residents and commuters.

One of the arrested suspects, Usman Abubakar, revealed details of a ransom collected during a kidnapping and the network of their criminal organisation.

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The Commander reassured the public that Amotekun Rangers would continue to prioritise safety in Ondo State, vowing to intensify operations against kidnappers and other criminals to protect lives and property.

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Crime

LAGESC convicts 12 commercial sex workers, sentences them to 8 months imprisonment

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LAGESC convicts 12 commercial sex workers

LAGESC convicted 12 commercial sex workers in Lagos, sentencing them to eight months in prison for prostitution and breach of peace offences.

 

The Lagos Environmental Sanitation Corps (LAGESC) secured the conviction of 12 commercial sex workers during a dislodgement operation at Obalende.

They were sentenced to eight months imprisonment for offences related to prostitution and breach of peace. LAGESC Corps Marshal, Major Olaniyi Olatunbosun Cole (rtd), emphasised that the operation aligns with the Lagos State government’s THEMES agenda to ensure a habitable environment.

 

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Also read: Cleaner bags life jail for sexually assaulting baby in church

 

The Lagos Environmental Sanitation Corps (LAGESC), popularly known as KAI, successfully convicted 12 commercial sex workers on Wednesday following a large-scale enforcement operation in Obalende.

The convicted individuals were sentenced to eight months in prison for charges related to prostitution and breach of peace, in accordance with Sections 142(1)(a)(b) and 168(1)(d) of the Criminal Laws of Lagos State.

During the operation, led by LAGESC Corps Marshal, Major Olaniyi Olatunbosun Cole (rtd), the offenders were arraigned before Chief Magistrate Adefioye at the Special Offences Court in Oshodi.

Out of the 19 individuals charged, 12 were convicted and sentenced, while the remaining seven pleaded not guilty and were remanded in custody until December 18 for further hearings.

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Major Cole highlighted that the operation was necessary due to the deteriorating situation in Obalende, in line with Governor Babajide Sanwo-Olu’s THEMES agenda, which aims to keep Lagos habitable for business and free from criminal activities.

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He reiterated that LAGESC would continue its efforts to rid Lagos of unlawful elements, despite challenges and attacks on its officers.

Cole also issued warnings to street traders and hawkers to refrain from displaying goods in prohibited areas such as road verges, lay-bys, and pedestrian walkways, stressing that defaulters will face daily arrests and prosecution.

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