Crude Oil Racketeering: ICPC Gets 7- Year Conviction Of Fraudsters

Mohammed Shosanya

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured a seven year conviction of two fraudsters, Aso Adasa Morrison and Frank Biobarakuma.

Mrs. Azuka Ogugua, spokesperson of the ICPC in a statement on Thursday said, the suspects were first arraigned sometime in March 2013 before Hon. Justice B. A. Georgewill of Rivers State High Court 16 on a 17-count charge bordering on conspiracy, forgery and obtaining by false pretence.

She said the court was informed of how the convicts and others at large between the month of March 2012 and February 2013 in Port Harcourt, fraudulently obtained the sum of $260,000 and $402,300 from one Mr. Jung Yongmin, a South Korean, under the pretext of selling Nigerian crude oil to him.

Their actions were contrary to Sections 1 and 8 of the Advanced Fee Fraud and Other Related Offences Act, 2004 and Section 467 of the Criminal Code Act, 2004,she quoted in the statement.

She also disclosed that the convicts had earlier entered a “not guilty” plea when the charges were brought before them and that set the tune for a long legal battle.

She added:”However, it was only recently that the trial judge, Justice S. C. Amadi, Chief Judge of Rivers State (who inherited the case after the elevation of Justice Georgewill to the Court of Appeal) found the Convicts guilty on all 17 counts.

“In their allocutus to the court, defence counsel pleaded that the convicts were first-time offenders who have children to cater for and that the court should consider a non-custodial sentencing which was not granted.

“Handing down judgment, Justice Amadi sentenced the duo to 3 years in prison for counts 1-4, 7 years in prison for counts 5 & 6, 3 years in prison for count 7-17 without any option of fine.”

The sentences are to run concurrently.

The court further advised that the South Korean Embassy (the petitioners) be informed of the judgment which is a consequence of their petition to ICPC.

Assault: Seun Kuti To Spend Four More Days In Police Custody

Tunde Sholanke

A Lagos Chief Magistrate’s Court sitting at Sabo-Yaba, Thursday,further ordered the remand the afrobeat singer, Seun Kuti for four days in police custody, over alleged assault on a Police Officer on the Third Mainland Bridge, Lagos,

Chief Magistrate, Adeola Olatubosun,made the remand order, sequel to a motion Ex-parte, brought by the police, seeking for an order of the court to remand the defendant in police custody for four days at the State Criminal Investigation Department, (SCID), Yaba Lagos, to enable the police carry out further investigation.
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The prosecution team who includes: Deputy Commissioner of Police, Mr. Simon Lough (SAN), Mrs. Yetunde Cardosso, P. A. Egbunike, Umar Bello, Cyril Ajifor, Mr. Morufu Animashaun, Ayodele Oladiran, Samsideen A Adebesin, Emmanuel Eze, V. I. Ekperezie and Idowu Osungbure, told court that they filed motion ex-parte supported by 12 paragraphs affidavit with one exhibits attached to it.

Lough (SAN) further told the court that the motion was supported with written address, added that the 12 paragraphs affidavit was deposed to by one ACP Saheed Kassim, one of the Investigating Police Officers (IPOs) attached to State CID, Yaba Lagos.

He told the court that the application was brought pursuant to Sections 264(1) (2),(3),(4) & (6) & 257 of Administration of Criminal Justice Law of Lagos State, 2021 (As Amended), Sections 4 & 10 of the Police Act, 2020 and Sections 6(6), 35(1)(C), (5) & (7)(9) of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended).

He added:“it is our humble submission that from the facts, nature and circumstance of this case, the applicant is entitle to the relief sought from this honourable court in the interest of justice, public order and morality.

Replying the prosecution team submission, Mr. Femi Akinyemi counsel who held brief of Mr. Adeyinka Olumide-Fusika who prayed the court to stand down the matter.

The Chief Magistrate Olatubosun declined the lawyer’s request for stand down, but consented to the Prosecution’s demand and granted the prayer for extension of remand order.

The Chief Magistrate ordered that the defendant be further remanded in police custody for four days.

AfDB Gives Fresh $15m Infrastructure Loan To Nigeria

Musbau Babatunde

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $15 million subordinated loan to Infrastructure Credit Guarantee Company Limited (InfraCredit) to strengthen its capital base and help close Nigeria’s infrastructure financing gap.

The financing will enable InfraCredit to leverage domestic capital markets to bolster access to long-term local currency infrastructure financing in Nigeria. It complements a 2019 investment into InfraCredit made by the African Development Bank and other partners to help unlock domestic institutional capital for infrastructure.

The loan comes at a time when InfraCredit is seeking to raise capital to finance an additional $375 million in infrastructure over the next few years, primarily by leveraging private sector financing.

Lamin Barrow, Director General of the Bank’s Nigeria Country Department, said, “The African Development Bank is pleased to continue to support an innovative financial institution – InfraCredit –which has objectives that align closely with our priorities to mobilize institutional financing for the delivery of infrastructure for Nigeria in key sectors including transport, energy, water, agriculture and infrastructure.”

The company’s green finance track record and commitments under its Clean Energy Transition Strategy and Roadmap and Green Finance Framework fits with the African Development Bank’s commitments to promote low-carbon development and mitigation, leveraging climate finance from private sector sources, Barrow said.

Chinua Azubike, InfraCredit CEO said, “We are delighted and very pleased with the confidence that AfDB has demonstrated in the opportunity ahead for InfraCredit to scale its development impact of unlocking domestic institutional investments for long-term local currency infrastructure finance in Nigeria that will create jobs and support local economic growth. This second round investment will strengthen our guarantee issuing capacity and bring AfDB’s total investments in InfraCredit to $25 million, which is a strong signal of commitment to the long-term growth of InfraCredit and the Nigerian economy.”

Ahmed Attout, African Development Bank Acting Director for Financial Sector Development, said the bank’s support demonstrates our continuing confidence in InfraCredit and recognition of the role it plays in Nigeria’s infrastructure development.

He said the African Development Bank is committed to capacitating the various players within Africa’s capital markets and stimulating the mobilization of long-term funding into Africa’s infrastructure.”

The partnership advances a number of strategic objectives under the Bank’s current Country Strategy Paper for Nigeria, which includes helping to stimulate local currency bond market financing across diverse infrastructure sectors, as well as enhancing economic diversification and competitiveness in the country. The strategy also prioritizes delivery of infrastructure for transport, energy, water and sanitation, agriculture, industry and social development.

The intervention is also aligned with the Nigeria’s National Development Plan which envisages strong private sector resource mobilization and participation in the delivery of the priorities of the plan including for investment in infrastructure, promotion of financial sector and capital market development in the country.

Dangote Refinery Power Plant Will Meet Electricity Need Of 5 States In Nigeria-Report

Mohammed Shosanya

A report obtained by Premium News says the 435 MW power plant in the Dangote Petroleum Refinery will be able to meet the total power requirement of Ibadan DisCo of 860,316 MWh covering five states in Nigeria, including Oyo, Ogun, Osun, Kwara and Ekiti.

Nigeria will rake in $21billion per annum from the project,which can also meet 100% of the Nigerian requirement of all refined products (Gasoline, 53 million litres per day; Diesel, 34 litres per day; Kerosene, 10 million litres per day and Aviation Jet, 2 million litres per day) and also have surplus of each of these products for export,the report also said.

It was designed for 100% Nigerian Crude with flexibility to process other crude,has self-sufficient marine facility with ability for freight optimization. It also has the largest single order of 5 SPMs anywhere in the world.

The report said diesel and gasoline products from the refinery will conform to Euro V specifications,just as it said the refinery design complies to World Bank, US EPA, European emission norms and Department of Petroleum Resources (DPR) emission / effluent norms.

The report said the facility was designed to process large variety of crudes including many of the African Crudes, some of the Middle Eastern Crudes and the US Light Tight Oil.

Dangote Petroleum Refinery can meet 100% of the Nigerian requirement of all liquid products (Gasoline, Diesel, Kerosene & Aviation Jet) and also would have surplus of each of these products for export.

It said 65 mllion cubic metres of sand dredged costing approx. Euros 300 Million , using the world’s largest, the second largest and the tenth largest dredgers to elevate the height by 1.5 metres, to insure against any potential impact of increase in mean sea level due to global warming.

According to the report,the project bought over 1,209 units of various equipment to enhance the local capacity for site works since even the biggest local civil contractors are unable to handle even small portions of our construction requirement.

It also bought 332 cranes to build up equipment installation capacity since the current capacity in Nigeria is extremely poor.

It built the world’s largest granite quarry to supply coarse aggregate, stone column material, stone base, stone dust & material for break water. (10 million tonnes per year production capacity).

It developed a port and constructed two quays with a load bearing capacity of 25 tonnes/ sq meter to bring Over Dimensional Cargoes close to the site directly.

It further constructed two more quays in the port with a capacity to handle up to Panamax vessels to export the fertiliser and the petrochemicals and two quays to handle liquid cargoes.

The port will thus have 6 quays, including a Roll-on/Roll-off quay,the report said,adding that in the course of the civil works, some days 700 piles were drilled daily, and the total number of piles came to 250,000.

It added:”It has 177 tanks of 4.742 billion litre capacity.Total tanker loading of 2,900. This number is based on tanker capacity of 33KL.Dangote is one of the few companies in the world executing a Petroleum Refinery and a Petrochemical complex directly as an Engineering, Procurement, and Construction (EPC) Contractor. Globally, apart from three companies, no individual owner has done the complete EPC Contract for a Petroleum Refinery.

“Temporary housing units on the premises can house 33,000 persons.The project utilised the coordination of various local and international suppliers and the coordination of multi-cultural work teams.Training of 900 young engineers in refinery operations outside the country.

“Another six Mechanical Engineers trained in the GE University in Italy. 50 Process engineers trained by Honeywell/UOP for six months; 50 Management Trainees; secondment for succession”

Oyo Collects N30m Fine From Environmental Offenders

Tunde Sholanke

The Oyo State Environmental Task Force has arrested no fewer than 4,000 Environmental offenders since its creation till date,

Its Chairman, DCP Ojomo Francis,who disclosed this in Ibadan, on Wednesday, said some were committed to community service after trial, while others paid fines.

According to him,over N30 million has been paid as fine by various offenders into the coffers of Oyo State Government.

He urged the public to obey environmental laws of the state,saying the development will sustain the healthiness and good neighborliness in the society.

He appealed to Nigerians, especially residents of Oyo State to pay attention to cleaning their environment, as the TASKFORCE is watching everyone.

He also reiterated the commitment of the state government towards ensuring a healthy and safe environment.

He added: “This is not the first time we appeal to members of the public to obey our environmental laws, so that we will have sustained peace and health in our society.

“Item 11, of the Sustainable Development Goals of the United Nations places a premium on sanitation and sustainable environment. We do not need to attend any formal school to take care of our environment in our own interest”.

The Oyo State Environmental Protection Tribunal, sitting in Ibadan on Wednesday, convicted five offenders for violating environmental laws in the state.

The Chairman of the Tribunal, Mr. Jubreel Kareem, while speaking with journalists, disclosed that during monitoring in Ibadan, the five offenders were arrested.

He said two of the offenders, Olanrewaju Deola and Funmilayo Ayoola were found disposing wastes illegally at unauthorized places, they also failed to provide a standard refuse drum contrary to Oyo State Environmental Laws, 2013.

The persons admitted to have committed the offences and were convicted to three months of imprisonment or an option of fines of N5000, N2500, N2500, each.

Another offender, Olabisi Olatunde who was caught at Preboyes, along UI-Bodija dumping refuse on the median pleaded guilty. The tribunal thereafter fined her N7, 500.

John Blessing and Ali Sumaiya were caught illegally displaying goods by road side at Mokola.

The Tribunal ruled that this is against Section 2 sub-section 14 of the Oyo State Waste Management Law of 2014 and thereafter fined them 2500 each.

Chevron Nigeria Receives Commendation For Commitment To Environmental Sustainability

Mohammed Shosanya

Chevron Nigeria Limited,has been lauded for its continued support to the Nigerian Conservation Foundation (“NCF”) and commitment to environmental sustainability in the country.

Kola Edu, a representative of the late Chief S.L. Edu family gave the commendation recently at the 21st Chief S. L. Edu Memorial Lecture which held at the Nigerian Institute of International Affairs, Lagos.

The theme for this year’s lecture was “Humanity and the Twin Crises of Climate Change and Biodiversity Loss.” ,a statement from Esimaje Brikinn, CNL’s General Manager, Policy, Government and Public Affairs said.

Kola Edu was quoted in the statement as saying: “Without Chevron, NCF will not be here today. Thank you for being ahead of the curve in driving this noble course of environmental sustainability over 21 years ago when it was not a popular subject of discussion.”

Chief Ede Dafinone, Chairman, National Executive Council (“NEC”), of the NCF commended CNL for sponsoring the Chief S.L. Edu Memorial Lecture for the past 21years. He appreciated the successive leadership of the company for upholding the “S.L. Edu legacy”.

Rick Kennedy, Chevron Nigeria’s Chairman and Managing Director, explained that the company’s approach to sustainability is highlighted by its commitment to protecting the environment, empowering its people, and always getting results the right way.

He added:“I would also urge everyone of us to make a personal commitment to preserve our environment which is more threatened now than ever before. I believe that with the right sensitization and advocacy, we can collectively protect our earth.”

He said Chevron Nigeria has enjoyed its partnership with NCF and would continue to provide support and contribute to nature conservation and sustainable development of Nigeria.

“This partnership has produced commendable projects geared towards conserving our environment and building Nigeria’s economy. One of the projects is the Lekki Conservation Centre (“LCC”), built with funds provided by Chevron Corporation in 1992 as a reserved sanctuary for the rich flora and fauna of the Lekki Peninsula. Today, the LCC has become one of Africa’s most prominent and most diverse urban parks. It is also known as a safe habitat for several species of plants and animals going extinct and has attracted several educational researchers.”

According to Rick, “Chevron is glad to be associated with this enduring vision on nature and environmental protection”. He commends the President and members of the Board of Trustees, the NEC, management, and staff of the NCF for sustaining Chief Edu’s vision and making the NCF a stronger institution and a foremost authority in nature conservation in Nigeria and beyond. He reiterated Chevron’s commitment to advancing a lower carbon future, one that meets the global needs of all people, through affordable and reliable, ever cleaner energy towards achieving a more prosperous and sustainable world.

In 2005, CNL began supporting a yearly postgraduate research scholarship for PhD students in environment and conservation, instituted by the NCF. So far, 36 PhD students have benefited from the grant since its inception. CNL also partners with the Lagos State Government and NCF to sponsor an annual environmental awareness programme, tagged, Walk for Nature, an event held to create awareness and promote nature conservation and sustainable environmental management.

Esimaje Brikinn, CNL’s General Manager, Policy, Government and Public Affairs notes that for over 60 years, Chevron has remained an active agent of sustainable development and strong advocate of partnerships in support of the environment. Chevron recognizes the importance of protecting and conserving biodiversity.

“We have a long history of working in collaboration with communities, industry groups, regulators, and conservation groups to identify and protect biodiversity everywhere we operate”, he stated.

FG Concession Two Airports For 5OYears, Renames Aviation Ministry

Mohammed Shosanya

The Federal Government has concession the Nnamdi Azikiwe International Airport (NAIA), Abuja and Mallam Aminu Kano International Airport (MAKIA),Kano for 50 years

A statement by Dr. James Odaudu, the Special Assistant on Public Affairs to Sen. Hadi Sirika, the Minister of Aviation,said the two airports were concession to the Corporacion American Airport Consortium in line with all the laid down rules and regulations.

According to him,while Abuja Airport was concession for 20 years, Kano Airport was concession for a 30 years period.

He also said that the concession of the airports was in alignment with the Aviation Roadmap, approved by President Muhammadu Buhari on October 18, 2016.

The statement said that the concession was also approved by the Federal Executive Council (FEC).

He said this achievement signifies a notable milestone in the country’s steadfast commitment towards revitalizing the nation’s aviation sector.

The statement added: “Following a thorough and comprehensive evaluation process that commenced with the Request for Qualification (RFQ) advertised in local and international media on August 16, 2021, and subsequent rigorous evaluation of technical and financial bids, coupled with due diligence visits conducted from December 27 through 29, 2022 and January 9 through 10, 2023, the Corporacion American Airport Consortium has emerged as the preferred bidder.

“The consortium, composed of The Corporation American Airports, Mota Engil Africa, and Mota Engil Nigeria, is globally recognised for its superior technical expertise in the design, construction, management, and operation of infrastructure.”

The statement said that Corporation American Airports, a New York Stock Exchange (NYSE) listed airport operator, has presence across three continents, managing 53 airports in six countries and serving approximately 82.4 million passengers in 2019.

The concession of NAIA and MAKIA, Sirika would considerably enhance the operational efficiency and profitability of these airports, repositioning them to operate optimally and competitively.

Besides, the Corporacion American Airport Consortium,said it is committed to making upfront payments of $7 million for NAIA and $1.5 million for MAKIA.

During the concession period, total projected nominal revenues accruable from the combined Concession of NAIA and MAKIA exceed $4 billion, while over 70 per cent of these projected revenues would be payable to the Federal Airports Authority of Nigeria (FAAN), thereby generating additional revenue sources for the Federal Government.

Sirika declared the period is historic for Nigeria’s aviation industry.

He said,the partnership with the Corporacion American Airport Consortium underscores the administration’s dedication to improving the standards of the nation’s airports, providing world-class services to all travellers and generating considerable economic benefits for the country.

He added that the concession would herald a new era of excellence in Nigeria’s aviation industry, saying that he eagerly anticipates a successful partnership with the Corporation American Airport Consortium.

He also announced that the Ministry of Aviation has changed its name to the Ministry of Aviation and Aerospace.

Sahara Group Boss Seeks Human Capital Transformation In Power Sector

Mohammed Shosanya

Ramping up human capital capacity through investment in training, technology and artificial intelligence would enhance performance across the power sector value chain,energy and infrastructure conglomerate, Sahara Group has said .

Kola Adesina, Executive Director Sahara Group said his company had through the expertise and commitment of its employees recorded significant achievements in the sector where it operates Egbin Power, the largest thermal plant in sub-Saharan Africa, Ikeja Electric, Nigeria’s largest distribution company, and First Independent Power Limited (FIPL).

According to him,Sahara Group through these entities contributes 25 per cent of power generated and distributed in Nigeria, making it the nation’s foremost power company.

He explained that Sahara continues to rethink its human capital profile to adequately tackle challenges and optimize emerging opportunities, with emphasis on achieving generational knowledge transfer and birthing future solutions today through technology.

He added:“One critical need in the sector today is that of ensuring we have the right people manning the machines, processes, operations, and stakeholder management. We also need our regulation and policy formulation to be top-notch. At Sahara, we have a nimble and disruptive approach to keeping our people agile and adaptable to unfolding trends. This is expressed through our Graduate Engineering Programs, foreign exchange programs for our employees, and various employee learning and development platforms that make our people operate at the highest level,

Adesina,said continuing investments in its power assets demonstrate Sahara’s dedication to bringing energy to life responsibly and making a difference in the sector.

“From strategic overhauls of our turbines to network upgrades; human capital transformation to technology-driven service delivery and an unwavering investment in environmental sustainability, Sahara Group remains committed to Nigeria’s power project, until we achieve uninterrupted power supply,” he said.

He also said that Project Egbin 2.0, which involves doubling the capacity of power plant to shore up generation capacity would be achieved through a mix of alternative and sustainable energy sources to ensure availability of cleaner and more regular power in the nation.

“Sahara Group ventured into the power sector with a mission to make a difference. Beyond being the foremost power operator in Nigeria, our dream is to light up opportunities, homes, businesses, and dreams responsibly,” he said, adding: “We recently embarked on an overhaul project involving three of our units in Egbin, all of which led to the availability of all six (6) Units at the start of this year, ensuring full capacity at the plant for a sustained period.”

Speaking,Chief Executive Officer, Egbin Power Plc. Mokhtar Bounour, said the company’s reward and recognition initiatives have continued to drive outstanding performance and innovation within the organisation.

“Our strategy is translated to an action plan where we empower our team members at all levels. We give them equal opportunity to take initiative which enables them to get rewarded for their performance. As you can see, Egbin Power Plc is not just a power plant. We work tirelessly towards making sure that the environment is safe, clean and the people are happy. And they go back safe to their families. They are also enjoying the hard work and delivering the power continuously to the grid with sustainability and responsibility,” he noted.

Stop Funding Fossil Fuel Projects In Nigeria, Stakeholders Tell World Bank, Others

Mohammed Shosanya

Some stakeholders in the nation’s economy have implored the African Development Bank, The World Bank and Export Credit agencies to discontinue financing fossil fuel projects in Nigeria.

Rising from the 2nd People’s Annual General Meeting,which was convened by the Africa Network for Environment and Economic Justice (ANEEJ) on Tuesday,participants advised that multinational oil companies in Nigeria and their investors such as Blackrock, Vanguard, Legal and General Investment management, should take responsibility for loss and damage in the Niger Delta as recommended during COP27.

In a communique signed at the end of the meeting,the participants also urge the incoming administration to demonstrate the political will to end gas flaring in Nigeria.

The AGM re-stated its earlier call for the companies’ major investors to go to the Niger Delta for the fact-finding mission and resolved to undertake high-level advocacy to engage the investors and government currently supporting multinational oil companies in Nigeria.

The Norwegian Oil Fund and other investors should follow the example of The Church of England which made a commitment to vote against all directors at the upcoming AGMs of multinational oil companies in response to their failure to meet climate change objectives.

They also implored investors to conduct further research on the activities of oil companies ongoing in Kogi, Nasarawa, Gombe, and other parts of Nigeria, to promote learning and experience sharing between Niger Delta communities and other parts of Nigeria.

According to the participants,the Energy Transition Plan of oil companies should be in compliance with Paris Agreement on climate change and Climate Change Act, reflecting the perspectives of communities affected by decades of fossil fuel extraction.

They advised the Federal Government of Nigeria to should appoint a substantive chairman for the Governing Council of HYPREP, Hydrocarbon Pollution Remediation Project (HYPREP). to ensure consistency in the leadership.

The government, companies and other stakeholders should contribute to the remediation process by supporting the development and adoption of new technologies that can accelerate the Ogoni cleanup,the communique added.

The communique added:”We also call on HYPREP to embark on fullscale livelihood restoration programme for the Ogoni people.There should also be an unbiased investigation into the remediation process in Ogoni land as well environmental and health audits of the entire Niger Delta and a total cleanup of the region”.

The participants expressed concern over the divestment of oil companies from on-shore to off-shore without taking into consideration the environmental hazards and damages caused by their operations.

They noted that there are technical and governance issues with the cleanup of Ogoni land which is slowing down the process, and the lack of stability in the leadership of the governing Council of Hydrocarbon Pollution Remediation Project (HYPREP).

They further expressed concern over the new communities in Nigeria where oil fields are being developed, so as avoid the similar fate as communities in the Niger Delta.

Mohammed Shosanya

Minister of State Power, Jerry Agba has hinted of ongoing negotiations were on with the Nigeria National Petroleum Corporation NNPCL to augment gas supplies to distributors at local rate.

Agba,who spoke after the Federal Executive Council meeting presided over by President Muhammadu Buhari on Wednesday, at the Presidential Villa Abuja, said with the interventions being put in place, power stability was bound to come in few days.

He said:”You’ll agree with me that of late, we’ve had problems with gas supplies for generation companies. We just negotiated with the gas supply companies, NNPC limited to augment gas supplies to distributors at the going local rate.

“Gas was sold to them at export rate, whose price differs and the collection is made on domestic rates. So there was a differential and the argument, however, we had an agreement with the NNPCL and natural gas company to supply gas to GENCOs commencing from last week, and they are buying at local price not at the export price.

“So with that we hope in the very near future in a week or two we should have improved generation and supply. Distribution is going to be done by DISCOs which is why we are doing everything possible for transmission company to have all the equipment necessary for effective transmission. We hope and I assure you that power generation and distribution as well will improve despite the rains that have come in now”.

Speaking on the second memo presented before FEC, the Minister noted that an approval was given for the award of contract for the procurement of telephone numbers of 33 KV circuit breakers and 120 numbers of surge arrestors for systems use for Transmission Company of Nigeria.

He promised that government was still committed to providing an improving services on electricity to Nigerians.

He added: ” The Transmission Company of Nigeria is the main body that has to do the transmission. You know generation and distribution are in private hands now, so government is only responsible for transmission. Most of the equipment have become obsolete over the years which is why you have breaking transmissions, low power outage, low power supplies and outages here and there”