fbpx
Connect with us

News

Dangote, NNPC Spat: Shareholders Condemn Demarketing of Dangote Refinery

Published

on

 

Shareholders have strongly defended Africa’s foremost industrialist, Aliko Dangote over the on-going petroleum product supply controversies, while criticising the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for deliberate attempt at demarketing Dangote Petroleum Refinery & Petrochemicals.

The shareholders under the aegis of Pragmatic Shareholders Association of Nigeria (PSAN) in a statement signed by its National Coordinator, Mrs. Bisi Bakare, expressed dismay over the recent allegations from the petroleum regulatory agency regarding the quality of diesel produced by Dangote Petroleum Refinery.

 Dangote has ensured that the bulk of his business investments are local, contributing significantly to economic development through tax payments, extensive job creation, and consistent returns for shareholders,” she added.

The shareholders group strongly condemned what they termed as “unwarranted efforts to demarket the refinery” by regulatory bodies. They cautioned that such actions could deter both local and international investors and undermine government efforts to stabilise fuel prices and ensure availability.

We must rally around Dangote Refinery,” Mrs. Bakare urged, “to provide crucial support such as crude oil allocation, cooperation from international oil companies, and regulatory agency collaboration.” She stressed the refinery’s potential to save Nigeria over 30% in foreign exchange currently spent on offshore refining, which could significantly alleviate the country’s foreign exchange challenges.

“As shareholders,” Mrs. Bakare affirmed, “we remain steadfast in our support of Alhaji Aliko Dangote’s vision to bolster the nation’s economy and create more opportunities for our citizens.”

PSAN is the latest to join the growing list of Nigerians rallying support for Dangote in the ongoing standoff. Prominent figures and associations such as the President of the African Development Bank Group (AfDB), Akinwumi Adesina; billionaire businessman, Femi Otedola; federal lawmakers; former Vice President and 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar; former Anambra state governor and 2023 Labour Party presidential candidate, Peter Obi; Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA); and the Manufacturers Association of Nigeria have all voiced their support for Dangote Refinery.

#

News

Endorsement of Prof. Maikudi as VC University of Abuja: A Step forward for the Future of Education—Voice of African Universities

Published

on

 

Voice of African Universities has called on the Nigerian Government to appoint  Professor Aisha Sani Maikudi as the substantive Vice Chancellor of University of Abuja.

The call was made by Prof. Mamadou Camara, the Deputy Vice President of the Association (West Africa), in a statement he issued on Wednesday in Marseille, France.

Prof. Camara emphasized the necessity of this endorsement, noting that Professor Maikudi possesses the qualifications and vision required to lead the University into a progressive future.

He noted that the 41-year-old Professor of International Law, Professor Maikudi, would bring an outstanding blend of academic excellence, leadership experience, and international connections to this vital role.

According to him, her impressive academic credentials and global network have been instrumental in advancing the interests of the University of Abuja.

Prof. Camara condemned the ongoing smear campaign against her candidacy, which has been orchestrated by some individuals questioning her age and gender.

He described these attacks as anti-modern and counterproductive to the advancement of education in Nigeria

“Detractors claim she is too young and suggest that a woman cannot hold such a prestigious office. This argument is not only intellectually dishonest but also steeped in hypocrisy,” Prof. Camara added.

While the Voice of African Universities condemned the unfounded attacks on her candidacy, the association called for a fair and transparent selection process that upholds the values of excellence and meritocracy.

The association restated its stance to support the candidacy of Professor Aisha Sani Maikudi for the substantive position of Vice Chancellor of the University of Abuja.

Prof. Camara added that even though the power to appoint a VC rests with the Governing Council of the university, the Nigerian Ministry of Education and other stakeholders should ensure that fairness and due process are followed in the selection process.

#
Continue Reading

News

Court Stops Federal Government from Erecting Railway on People’s Land at Kuyan Ta Inna

Published

on

Court Sign

A Kano High Court No. 4, presided over by Justice Usman Malam Naabba, has granted a restraining order stopping the Federal Government from erecting railway construction on people’s land at Kuyan Ta Inna layout in Kano.

Justice Usman Malam Naabba issued the order on Thursday, October 17th.

Briefing newsmen after the court session, counsel to the applicants, Barrister Umar Usman Dan Baito, explained that the applicants’ prayer was to restrain the respondents from trespassing, taking over, or erecting a railway on the applicants’ properties until the hearing of the motion on notice.

Barrister Dan Baito stated that the court, presided over by Justice Naabba, has granted the order, restraining the respondents from meddling with or interfering in the peaceful possession of the applicants’ various landed properties at Kuyan Ta Inna layout in Kano. The court has adjourned the case to November 18, 2024.

The applicants

The applicants

The defendants in the suit include the Federal Ministry of Transport, the Federal Ministry of Works and Housing, the Chief of Army Staff, the Inspector General of Police, the Director of the Department of State Security Services, the Kano State Commissioner of Police, the Nigeria Security and Civil Defence Corps, and a businessman operating under a business name.

Barrister Dan Baito added that the applicants are 75 in number.

#
Continue Reading

News

Yoruba Nation Agitator Dies In Custody During Trial For Treason

Published

on

 

Adejumo Lateef, one of the Yoruba Nation agitators, has passed away while in the custody of the Nigeria Correctional Services, as revealed during a court hearing on Wednesday.

Lateef was the 18th defendant among 27 facing charges of conspiracy, unlawful possession of firearms, and treason, in connection to the April 2024 invasion of the Oyo State government Secretariat in an attempt to declare the Yoruba Nation (Oodua Republic).

The defendants (1- 27) facing trial include Adeyemo Peter, Adeyemo Joseph, Amos Oluwaseyi Ogundeji, Ayanwale Rofiat, Olalere Mathew and Ismaila Malomo Peter.

Others are Fatoki Anthony, Murittala Abefe, Ismaila Adepoju, Fatunmbi Wasiu, Isaac Friday, Ayanwale Saburi, Adeola Elegbede, Ademola Adeniyi, Ogundeji Alabi, Ojo Olufemi, Ajani Ezekiel, Adejumo Lateef and Ayoola David.

The list also includes Adesokan Hameed, Adesokan Hameed, Abiona Esther, Omoyajowo Funsho, Tola Olufemi, Oritola Alabi, Kayode Fakeye and Taiwo Titilayo.

#

The suspects were arraigned on five count charges of conspiracy, unlawful possession of firearms, unlawful assembly, treasonable felony and treason.

The case is being presided over by Justice K. B. Olawoyin at the Oyo State High Court, Ibadan.

In his ruling, Justice Olawoyin adjourned the case to November 6, 8 and 13 for arraignment and hearing.

Politics Nigeria

Continue Reading

Trending