Ugandan President, Yoweri Museveni, has warned protesters planning an anti-corruption march on Tuesday that they are “playing with fire” and will not be tolerated.

BBC reports on Sunday that the protesters, mostly young Ugandans, are demanding an end to corruption in government and have been inspired by recent demonstrations in neighbouring Kenya.

Museveni was reported to have accused the protest organisers of working with foreigners to cause chaos in Uganda in a televised address, and warned that the government will not allow disruptions to the country’s progress.

“We are busy producing wealth… and you here want to disturb us. You are playing with fire because we cannot allow you to disturb us,” he said.

 

Police have refused to grant permission for the march, but protest leaders have said they will proceed anyway, citing their constitutional right to peaceful demonstration.

“We don’t need police permission to carry out a peaceful demonstration. It is our constitutional right,” one of the main protest leaders, Louez Opolose, told AFP.

A protester, Shamim Nambasa, speaking with AFP, said, “Our starting point in the fight against corruption is parliament… and the demonstration is on irrespective of what police is saying.”

The march comes amid growing discontent over corruption in Uganda, with the US and UK recently imposing sanctions on high-ranking officials, including parliamentary speaker Anita Annet Among, over allegations of corruption.

 

Meanwhile, in Kenya, President William Ruto, has called for an end to protests demanding his resignation and an end to “bad governance.”

The protests, which have turned violent at times, have resulted in at least 50 deaths and 413 injuries since June 18, according to the Kenya National Commission on Human Rights.

In Nigeria, PUNCH Online understands that a planned protest, scheduled to take place from August 1 to 10, 2024, is gaining momentum across the country.

The demonstration is aimed at drawing attention to the economic challenges faced by Nigerians.

While the protest has garnered support from some quarters, it has also attracted mixed reactions and concerns from various stakeholders.

The Presidency has described calls for the nationwide protests as treasonable.

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a post on his X account, claimed that those organising the protests were also behind the “destructive” #EndSARS protests of October 2020.

[Punch]

A New Zealand coroner has formally linked four deaths to the sale of “suicide kits” bought online from a former Canadian chef, according to findings published Monday.

Coroner Alexandra Cunninghame found that three students, aged 18 to 21, and one 40-year-old personal trainer killed themselves after buying kits from businesses linked to Canadian Kenneth Law.

Canadian police believe Law sent as many as 1,200 “suicide kits” to people in more than 40 countries between 2020 and his arrest last year – specifically targeting vulnerable people online.

Canadian prosecutors allege the kits contained a food additive that can kill if misused.

 

Law was arrested in May 2023 and charged in Canada with 14 counts of murder and a further 14 counts of aiding and counselling suicide.

He has denied the charges.

Alerted by Interpol, several other countries have launched investigations.

 

In Britain, at least 272 people purchased products from Law’s websites and 88 of them died, police there have said.

In Italy, nine buyers have been identified and at least one victim has died.

The Canadian victims were both male and female between the ages of 16 and 36, according to police.

New Zealand’s Suicide Prevention Office has asked internet service providers to block Law’s website in New Zealand, the coroner added.

PUNCH Online reports that a suicide kit typically refers to a collection of items intended to assist an individual in ending their own life.

These kits can be controversial and raise significant ethical, legal, and moral issues. They often include various substances, tools, or instructions designed to facilitate self-harm or suicide.

AFP

Aliko Dangote, Africa’s richest man, says he is willing to sell his oil refinery to the Nigerian National Petroleum Company (NNPC) Limited.

Aliko spoke in an interview with Premium Times on Sunday.

The billionaire’s statement comes amid a dispute between the refinery and Nigeria’s regulatory authorities in Nigeria.

“Let them (NNPCL) buy me out and run the refinery the best way they can. They have labelled me a monopolist,” Dangote said. 

 

“That’s an incorrect and unfair allegation, but it’s okay. If they buy me out, at least, their so-called monopolist would be out of the way.

“We have been facing fuel crisis since the 70s. This refinery can help in resolving the problem but it does appear some people are uncomfortable that I am in the picture.

“As you probably know, I am 67 years old, in less than three years, I will be 70. I need very little to live the rest of my life.

 

“I can’t take the refinery or any other property or asset to my grave. Everything I do is in the interest of my country.

“So, I am ready to let go, let the NNPC buy me out, run the refinery. At least the country will have high-quality products and create jobs.”

In May 2023, the billionaire’s refinery was inaugurated. The 650,000 barrel-per-day sits on a 2, 635 hectares of land located in the free zone area of Ibeju-Lekki, Lagos.

The facility began the production of diesel on January 12, but petrol supply is billed for August after numerous factors — including crude supply challenges and a fire outbreak at the facility — stalled production.

 

The constraints on accessing crude feedstock from international oil companies (IOCs) in Nigeria forced the company to import crude from countries like Brazil and the US to bridge the meet supply.

At the inauguration, Dangote refinery had announced that it has a supply deal with the NNPC and previously agreed to a 20 percent equity participation.

The refinery later said only 7.2 percent had been fully paid for before the deadline issued to the company to acquire the stake.

 

FRIENDS ADVISED ME TO NOT INVEST IN NIGERIA

 

According to the Premium Times report, Dangote also said the obstacles his refinery is facing seem to have vindicated friends and associates who advised him to tread with caution as he pumped billions of dollars into the Nigerian economy.

“Four years ago, one of my very wealthy friends began to invest his money abroad,” Dangote added.

 

“I disagreed with him and urged him to rethink his action in the interest of his country.

“He blamed his action on policy inconsistencies and shenanigans of interest groups.

 

“That friend has been taunting me in the past few days, saying he warned me and that he has been proven right.”

On June 4, Dangote said some IOCs were struggling to supply crude to his refinery.

 

Speaking on Arise TV on July 15, Gbenga Komolafe, chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) described the claim as “erroneous”, noting that the Petroleum Industry Act (PIA) has provisions that guide willing buyer-willing seller transactions.

But a few days later, the management of Dangote Industries Limited insisted that the IOCs were frustrating its request to purchase crude feedstock for the refinery.

On July 18, Farouk Ahmed, chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said local refineries, including the Dangote refinery, were producing inferior products compared to imported ones.

 

[TheCable]

Last modified on Monday, 22 July 2024 07:48

Finance institutions to pay 50% of windfall


Experts caution on timing

 

 


The proposed one-off tax on 2023 foreign exchange (forex) gain by banks may fetch the Federal Government not less than N2trillion, it was learnt at the weekend.

President Bola Ahmed Tinubu hinted at his administration’s plan to tax the banks’ gain in the proposed amendment to the 2023 Finance Act before the National Assembly.

Also before the National Assembly is an Executive Bill on the 2024 Supplementary Budget seeking to raise N6.2 trillion to fund infrastructure.


The tax on banks’ forex windfall in 2023 is meant to raise part of the funding for the supplementary budget.

The levy on forex revaluation gains, otherwise known as a windfall, will be used to finance “Renewed Hope” infrastructure projects, education and healthcare, among others.


A review of audited reports and accounts of banks and independent analysts’ reports yesterday estimated forex revaluation gains at about N4 trillion in 2023, half of which the government is seeking to appropriate for national budget funding.


For instance, three of Nigeria’s five biggest banks – Guaranty Trust Holdings Company (GTCO), Zenith Bank and United Bank for Africa (UBA), made forex revaluation gains of about N700 billion last year 2023, with GTCO accounting for about two-thirds of the total gains by the big three.

GTCO recorded a forex revaluation gain of about N442 billion in 2023, followed by Zenith Bank and UBA with N229 billion and N27 billion respectively.

If passed into law, the government will receive about N350 billion in one-off payments from the three banks.


Five other banks, including the First City Monument Bank (FCMB) Group, Fidelity Bank, Stanbic IBTC, Access Holdings, and Sterling Financial Holdings, recorded estimated forex revaluation gains of about N176 billion during the year.

The 2023 Finance Act amendment stipulates that “there shall be levied and paid to the benefit of the Federal Government of Nigeria a tax of 50 per cent on the realised profits from all foreign exchange transactions of banks within the 2023 financial year.

“The Federal Inland Revenue Service – (a) shall assess the realised profits, collect, account and enforce payment of tax payable under section 30 in accordance with the powers of the Service under the Federal Inland Revenue Service (Establishment) Act 2007.”


The amendment proposes a penalty of an additional 10 per cent for banks that have not remitted the assessed forex gains or gotten approval for instalment payment from the CBN by December 31, 2024.

Read Also: Shaibu: My legal battles will restore sanity to deputy governor’s office ridiculed since 1999
Also, principal officers of defaulting banks would face imprisonment of up to three years.

Most experts have faulted the timing and the nature of the windfall tax, noting that it could indirectly undermine the ongoing banking recapitalisation.


They said it was unfair to deny shareholders of direct benefits from forex gains on one hand, and for the government to seek to retroactively appropriate such on the other hand.

The Central Bank of Nigeria (CBN) had directed banks not to utilise their forex revaluation gains to pay dividends or for other operational expenses, but rather to save the funds as a hedge against any future volatility.

“Banks are required to exercise utmost prudence and set aside the foreign currency revaluation gains as a counter-cyclical buffer to cushion any future adverse movements in the forex rate in this regard.

“Banks shall not utilise such forex revaluation gains to pay dividends or meet operating expenses,” the apex bank had stated.

Experts at Afrinvest West Africa said while the government is constitutionally empowered to impose taxes, including on windfall gains, to strengthen fiscal accounts, the timing of the policy’s announcement is problematic.

Faulting the timing, they argued that it would create a sense of uncertainty and unpredictability among investors and industry practitioners.


Afrinvest said: “For instance, Italy in August 2023 announced a one-off 40.0 per cent windfall tax on increase in banks’ net interest margin for the fiscal year 2023.

“Although the plan was eventually modified, the announcement was made during the 2023 operating year – in contrast to the abruptness of the proposed tax on Nigerian banks, which is to be applied outside of the 2023 fiscal year.

“Unsurprisingly, the banking index shed a total of 3.0 per cent in the final trading sessions of the week, following the announcement.


“In summary, lingering concerns about uncertainty around the sector could present some headwinds amidst the ongoing recapitalisation process.

“Furthermore, there is a need for clarification on the wind-fall tax adjustments to be made for banks that already remitted income tax for 2023.

“Given the five-month window for compliance, the federal government should provide a clearer template that would take into consideration some of the nuances around implementing the tax.


“There is the issue of fairness from the perspective of capital owners, given that the CBN already barred access to foreign currency earnings via dividend payments.

“The Federal Government is seeking access to 50.0 per cent of the same profit.

“In the light of the ongoing recapitalisation, the broad steps by the regulator and the Federal Government to tighten the noose around forex income for banks might disincentivise new capital inflow into the sector, thereby prolonging the current episode of lack-lustre foreign capital inflows into the country.”


Managing Director, Arthur Steven Asset Management, Mr. Olatunde Amolegbe, said the introduction of the windfall tax in the middle of ongoing banking recapitalisation may send wrong signals to investors and thus negatively impact the ability of banks to raise the much-needed capital.

Amolegbe said: “We also have to be very mindful of the impact on the liquidity ratio of these banks, many of which are finding things tough due to the tight monetary stance of the CBN. There is a need for caution here.

“In business, as in life, timing is everything. It will appear we are moving one step forward two steps backward.”


His counterpart at HighCap Securities, Mr. David Adonri, said the 50 per cent windfall tax amounts to an expropriation of shareholders’ wealth.

“It defeats the purpose of making banks strong enough to support the envisaged $1 trillion economy, an objective that is compelling banks to recapitalise,” Adonri said.

President Bola Tinubu has presented the state of Economic Community of West African States (ECOWAS) report at the mid-year coordination meeting of the African Union in Accra, Ghana.

The mid-year coordination meeting, initiated in 2017, serves as the principal forum for the AU and Regional Economic Communities (RECs) to align their work and coordinate the implementation of the continental integration agenda, replacing the June/July summits.

This year’s meeting, themed “Educate and Skill Africa for the 21st Century,” brought together the Bureau of the AU Assembly, RECs chairpersons, the AU Commission, and regional mechanisms (RMs) on Saturday. 

In a statement on Sunday, Ajuri Ngelale, presidential spokesperson, quoted Tinubu, who is the chairman of ECOWAS, as saying the community “has activated a standby force to counter-terrorism and will continue to explore funding options”.

 
 

He added that ECOWAS has actively supported member states in enhancing electoral and governance processes, recently deploying election observation missions to Senegal and Togo, both of which were deemed “peaceful, transparent, and fair”.

He highlighted the facilitation of the national unity agreement signing in Sierra Leone, while noting that ECOWAS will continue to work with stakeholders to implement the agreement’s provisions.

The president said consultations are ongoing to revise the ECOWAS 2001 Supplementary Protocol on democracy and good governance.

 

On economic integration, Tinubu stated that ECOWAS has consolidated the free trade area, customs union, and common market through various activities.

“We supported six Member States in ratifying the WTO Fisheries Subsidies Agreement, and thirteen Member States have ratified the AFCFTA agreement,” Tinubu said.

“The ECOWAS interconnected System for the Management of Goods in Transit (SIGMAT) is also operational in twelve Member States.”

On the humanitarian and social development front, Tinubu noted that ECOWAS has allocated $9 million to assist refugees, internally displaced persons, and asylum seekers.

 

“The frontline Member States in the fight against terrorism have also been supported with USD4 million under the ECOWAS Counter Terrorism Humanitarian Response,” the president said. 

“On education, the West African Network of National Academies of Sciences, and the African Forum for Research and Innovation have been established.

“Our regional academic mobility scheme has continued to equip the youth with practical skills and is harmonizing education systems.

“While in the area of health, ECOWAS continues to provide support to women with obstetric fistula, empowered women entrepreneurs in agribusiness, and focused on gender equality in education and the green economy.”

 

Tinubu highlighted progress in energy, mines, and agriculture, with ECOWAS advancing electrification efforts in The Gambia, Guinea Bissau, and Mali through the ECOWAS-Regional Electricity Access Project (ECOREAP).

“It is also implementing the Regional Off Grid Electricity Access Project (ROGEAP). Thirty-two Solar Off Grid SMEs have been approved, including nine SMEs led by women. A total of 3 million US dollars will be disbursed to finance the SMEs. More than 400 SMEs in 13 countries were trained in 2023 and 2024,” Tinubu said.

 

“To achieve sustainable electricity access within the ECOWAS and Sahel countries, we will provide a total grant of 38 million US dollars to SMEs in Member States. ECOWAS will extend this to Mauritania, Central African Republic, Chad and Cameroon through Commercial and Financial Institutions. An additional loan of 140 million US dollars will also be made available to the solar SMEs.

“Within the period under review, ECOWAS has supported Experts from Member States in international meetings and negotiations on environmental issues, including environmental governance. We provided support to our members in the implementation of the Paris Agreement and the establishment of a regional carbon market.

 

“With respect to food security, the ECOWAS Bank for Investment and Development (EBID) has approved the instruments to operationalize the Regional Fund for Agriculture and Food (RFAF). A Regional Food Security was developed to achieve self-sufficiency in rice production.

“Furthermore, our support for pastoralism in the Sahel has targeted the improvement of animal health, with a record vaccination of over 490 million livestock. We have established common rules for controlling veterinary medicine products at borders. In addition, ECOWAS launched a project for Member States to access the Green Climate Fund. This will promote climate-smart agriculture through the use of technologies.”

 

Tinubu noted that the sixth legislature of the ECOWAS parliament elected Maimunatu Ibrahim, its first female President from Togo.

He added that the ECOWAS community court of justice reviewed fifteen new cases, held thirty-three court sessions, and delivered eleven judgments.

However, the ECOWAS chairman warned of multiple threats facing the bloc, including member states withdrawing, geopolitical rivalries, terrorism, food insecurity, climate change, and the spread of misinformation.

He assured that ECOWAS will continue dialogue with Burkina Faso, Mali, and Niger to maintain unity and will convene a special extra-ordinary summit on the future of the community.

On the sidelines of the AU meeting, Tinubu held a bilateral meeting with Ismail Omar Guelleh, Djibouti president.

Kamala Harris, US vice-president, says she is honoured to be endorsed as the presidential nominee of the Democratic Party.

On Sunday, President Joe Biden withdrew from the presidential race, saying his decision not to seek reelection is in the best interest of the Democratic Party and the country.

Biden subsequently endorsed Harris, adding that he has offered his full support to the vice president as a nominee of the party in the November 5 presidential election.

In a statement, Harris said she would “earn and win” the nomination, adding that she would work hard to unite the party and country to defeat Trump.

 
 

“On behalf of the American people, I thank Joe Biden for his extraordinary leadership as President of the United States and for his decades of service to our country. His remarkable legacy of accomplishment is unmatched in modern American history, surpassing the legacy of many Presidents who have served two terms in office,” the statement reads.

“It is a profound honor to serve as his Vice President, and I am deeply grateful to the President, Dr. Biden, and the entire Biden family.

“I first came to know President Biden through his son Beau. We were friends from our days working together as Attorneys General of our home states.

 

“As we worked together, Beau would tell me stories about his Dad. The kind of father and the kind of man he was. And the qualities Beau revered in his father are the same qualities, the same values, I have seen every single day in Joe’s leadership as President: His honesty and integrity. His big heart and commitment to his faith and his family. And his love of our country and the American people.

“With this selfless and patriotic act, President Biden is doing what he has done throughout his life of service: putting the American people and our country above everything else.

“I am honored to have the President’s endorsement and my intention is to earn and win this nomination. Over the past year, I have traveled across the country, talking with Americans about the clear choice in this momentous election. And that is what I will continue to do in the days and weeks ahead.

“I will do everything in my power to unite the Democratic Party and unite our nation to defeat Donald Trump and his extreme Project 2025 agenda.

 

“We have 107 days until Election Day. Together, we will fight. And together, we will win.”

The federal high court in Abuja has ordered the Independent National Electoral Commission (INEC) to investigate cases of electoral violence, bribery, vote-buying, and conspiracy during the 2023 general election.

The judgment was delivered on Thursday following suit number FHC/ABJ/CS/583/2023.

The suit was filed by the Socio-Economic Rights and Accountability Project (SERAP).

SERAP had sought for the prosecution of suspected perpetrators of electoral offences and their sponsors.

In a statement on Sunday, SERAP said the court ordered INEC to ensure the appointment of independent counsels to “investigate cases of electoral violence and other electoral offences against state governors and their deputies during the 2023 general elections”.

The court also ordered INEC to identify suspected perpetrators and their sponsors and ensure their effective prosecution.

Egwuatu asked INEC “to swiftly prosecute all arrested offenders in the 2023 general elections in the custody of the Nigeria Police Force, Economic and Financial Crimes Commission (EFCC) Independent Corrupt Practices and Other Related Offences Commission and other law enforcement agencies”.

“I have compassionately evaluated the depositions in the affidavit of SERAP and I have no reason not to believe the depositions more so when there are documentary evidence in support of the depositions,” Egwuatu was quoted as saying.

“In the circumstances therefore, I find merit in the application. The sole issue of whether this Court ought to grant the relief of judicial review and orders of mandamus is resolved in favour of SERAP. Accordingly, I grant the prayers sought.

“Being citizens of this great country, SERAP and its members have the legal interest whose enjoyment or enforcement directly or substantially depends on the performance of public duty by INEC.

“In requesting the performance of the public duty imposed on the electoral body, SERAP has demonstrated a great zeal of patriotism.


“The substance of SERAP’s grouse is the violence associated with elections in Nigeria which tends to prevent citizens from exercising their franchise during elections, thus preventing credible election and in the long run credible leaders.

“There is no gainsaying the fact that electoral violence and the associated crimes committed during elections in Nigeria is a great bane to the development of this country both democratically and economically.”

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, is expecting fresh reports to confirm the real sulphur content of the diesel produced by the Dangote refinery as the company debunked claims of inferior fuel production.

The NMDPRA spokesman, George Ene-Ita, in an interview with The PUNCH on Sunday, said the agency had done its job and would not engage in a media fight with anybody over the claims made by the NMDPRA Chief Executive, Farouk Ahmed, that Dangote’s diesel has more sulphur content than imported one.

According to Ene-Ita, the authority has about 15 engineers and scientists embedded in the Dangote refinery, whose fresh report about the refinery’s sulphur content will be out on Monday (today).

The PUNCH reported Ahmed as alleging that the diesel from the Dangote refinery contains high sulphur content.

 

Reacting to Dangote’s allegations that the NMDPRA was giving licences to some traders to import dirty fuel into Nigeria last week, Ahmed argued that it was the Dangote fuel that had a larger content of sulphur.

He also said the refinery, which has been selling diesel and aviation fuel in Nigeria for months, had yet to be licensed, stating that it was still at the pre-commissioning stage.

“The claim by some media houses that there were steps to scuttle the Dangote refinery is not so. The Dangote refinery is still in the pre-commissioning stage. It has not been licensed yet; we haven’t licensed them yet. They are still in the pre-commissioning. I think they have about 45 per cent completion,” Ahmed declared.

 

The NMDPRA boss warned that Nigeria could not rely heavily on the Dangote refinery for its fuel supply.

According to him, the refinery had requested the regulator to stop giving import licences to other marketers so as to be the only fuel supplier in Nigeria.

“We cannot rely heavily on one refinery to feed the nation, because Dangote is requesting that we should suspend or stop importation of all petroleum products, especially AGO and direct all marketers to the refinery, that is not good for the nation in terms of energy security.  And that is not good for the market, because of monopoly,” he stressed.

Speaking about quality, he said, “So, in terms of quality, currently the AGO quality in terms of sulphur is the lowest as far as the West African requirement of 50 ppm is concerned.

“Dangote refinery and some modular refineries, like Waltersmith refinery and Aradel refinery, they are producing between 650 to 1,200ppm. So, in terms of quality, their product is much more inferior to the imported quality,” he alleged.

Reacting during a tour of the refinery by members of the House of Representatives led by the Speaker, Hon. Tajudeen Abbas, over the weekend, Dangote asserted that products refined at the world’s largest single train refinery are of superior quality compared to the imported fuel.

The speaker and other members had observed the testing of Automotive Gas Oil from two petrol stations alongside the same taken from the Dangote refinery.

 

The diesel samples were procured from two well-known filling stations near Eleko junction along the Lekki-Epe Expressway, Lagos, by the lawmakers.

The Chairman of the House Committee on Downstream, Ikeagwunon Ugochinyere, and Chairman of the House Committee on Midstream, Okojie Odianosen, oversaw the collection of samples from the Mild Hydro Cracking unit of the Dangote refinery for testing of all the samples.

The Dangote laboratory tests were said to have revealed that Dangote’s diesel had a sulphur content of 87.6 ppm while the other two samples showed sulphur levels exceeding 1,800 ppm and 2,000 ppm respectively.

Dangote faults NMDPRA

Speaking, Dangote emphasised that the findings had debunked claims made by Ahmed that imported diesel surpasses domestically refined products.

The Africa’s richest man openly challenged the regulator to compare the quality of refined products from his refinery with those imported, advocating for an impartial assessment to determine what best serves the interests of Nigerians.

“We produce the best diesel in Nigeria. It is disheartening that instead of safeguarding the market, the regulator is undermining it. Our doors are open for the regulator to conduct tests on our products anytime; transparency is paramount to us. It would be beneficial for the regulator to showcase its laboratory to the world so Nigerians can compare. Our interest is Nigeria first because if Nigeria doesn’t grow, we have limited capacity for growth.

Dangote argued that the imported products being encouraged by Ahmed have failed in tests, saying most of the importers have fake certificates because the owners of the laboratories have been told what to write.

On the allegation of monopoly, Dangote said, “If you are saying how can Dangote alone supply the market, are you saying the N4bn that the NNPC spent now on the activation of their refineries in Kaduna, Warri and Port Harcourt is down the drain? Are the refineries not going to work? They have announced a date. If they are there, we cannot be a monopoly because we are not the only one; actually, they are more powerful than us. So, there is no way we can be a monopoly, it is not done.”

Speaking about the sulphur content, he added, “I am surprised for somebody to come and mention that we have a bad quality; we and other modular refineries. I can’t talk of the quality of the modular refineries, but our own today is 87ppm and by Monday, we will be at 50ppm, by the beginning of August, we will be at 10ppm.

“All the test certificates people are busy flaunting around today are fake. Where are the laboratories? We have the laboratory.

“The demarketing of a company by a regulator that he is supposed to protect is very very unfortunate. We produce the best diesel in Nigeria and if the regulator wants, he can come any time to conduct a test. I would like the media to show our lab and I would like the regulator himself to show us which lab is he using.  As a regulator, he is supposed to have a lab. If the regulator doesn’t have a lab, then we have an issue because he cannot rely on somebody. He is supposed to check us.”

However, while commenting on the claim that the Dangote’s diesel has 87ppm sulphur content, the NMDPRA spokesman posited that a lot might have changed within a space of five days.

“We are not fighting anybody. Dangote refinery is the same as an indigenous local refinery. We are regulators, we don’t fight in the media. We have done our job, and that is it.

“You know we are dealing with engineering and time, and when we deal with engineering and time, it means that whatever claims put forward can be put to test and verified or debunked. If you recall, the ACE made that pronouncement on the sideline of an interaction on Wednesday or so. Between that time and now, it’s been like five days, a lot can change. So, 650ppm or 500 can come down to whatever.

“What I am saying is that I can’t give you any verifiable result for now, being a Sunday evening, until perhaps tomorrow when we will be in a position to review our technical report that must have been submitted by our engineers who are embedded in that plant. What normally comes to us are weekly reports. These particular tasks are done across the week from Monday to Sunday; even now, operations are going on and our engineers are there. So, I can’t speak to the claims made by that refinery now,” Ene-Ita explained.

On the insinuation that ACE may be relying on a report from other laboratories to describe his fuel as inferior, he replied, “Of course we have laboratories all over the country. Does Dangote work in NMDPRA? He doesn’t work in NMDPRA.”

The NMDPRA official fumed over the allegation that the regulator was demarketing a company it should protect, wondering if Dangote wants the agency to bend the rules in his favour.

“Why should we protect any company? We are regulators, operations are going don’t protect anybody; we regulate operators. If he says protect, it means we are shielding. It means that we should bend the rules. We don’t do that, we regulate every company.

“And we don’t demarket, what does he mean? You only demarket your competitors to gain an advantage. We are not competing with an operator. The word, ‘demarketing’, is only used when two competing brands are fighting. We are not an operator; we are a regulator. How can we demarket? Please, I take exception to that, on behalf of my organisation. We are not demarketing anybody. We are regulating every local refinery, including NNPC,” he clarified.

When told perhaps the business mogul means the regulator should be boosting local refining capacity, he retorted, “That’s what we are doing. As we speak, there are over 15 engineers and scientists of the NMDPRA working with them for the last how many months. That’s how we get our reports. We have engineers and scientists there, who go there. That’s how we get them. That is why I keep on saying we don’t want to personalise this matter. We are working to see that the local refining capacity is booted to a point where we are self-sufficient in producing our fuel here.”

 

Dangote imports crude

Meanwhile, the Dangote refinery is in talks with Libya to secure crude for the 650,000 barrels per day plant and will also seek Angolan oil, a senior executive, Devakumar Edwin, told Reuters, as the refinery seeks to overcome problems with domestic crude supplies.

Since Dangote began operations in January, it has been unable to get adequate crude supplies in Nigeria, which, although Africa’s biggest oil producer, is struggling with theft, pipeline vandalism and low investment.

Dangote has resorted to importing crude from as far as Brazil and the United States.

“We are talking to Libya about importing crude,” Edwin told Reuters late on Saturday. “We will talk to Angola as well and some other countries in Africa.”

He declined to give details about the talks but said international traders and oil companies were among the biggest buyers of Dangote’s gasoil, much of which was being exported.

“The biggest off-takers are the two big traders Trafigura and Vitol and BP and, to some extent, even TotalEnergies. But all of them are saying they are taking it to offshore,” Edwin said.

 

Traders and shipping data have shown that Dangote is increasing gasoil exports to West Africa, taking market share from European refiners.

Dangote has said the refinery will begin the sale of Premium Motor Spirit in August, with a plan to stop the importation of refined fuel into Nigeria.

Marketers worried

However, Nigerians and marketers have been expressing concern over the ongoing controversies, especially after the regulator said the country would continue to import refined petroleum products into Nigeria.

The PUNCH recalls that while accusing the IOCs of plans to frustrate the refinery, the Vice President of Oil and Gas at Dangote Industries Limited, Edwin also accused the NMDPRA of granting licences indiscriminately to marketers to import dirty refined products into the country.

According to Edwin, the Federal Government issued 25 licences for the construction of refineries in Nigeria, but only the Dangote Group delivered on its promise.

The vice president noted that more than 3.5 billion litres of diesel and aviation fuel had been exported to Europe by the refinery in the past few months. The exported fuel, it was said, represented about 90 per cent of its production.

 

“The Federal Government issued 25 licences to build refineries and we are the only one that delivered on our promise. In effect, we deserve every support from the government. It is good to note that from the start of production, more than 3.5 billion litres, which represents 90 per cent of our production, have been exported. We are calling on the Federal Government and regulators to give us the necessary support to create jobs and prosperity for the nation,” Edwin stated.

It was alleged that even though Dangote was producing and bringing diesel into the market, complying with the regulations of the Economic Community of West African States, “licences are being issued, in large quantities, to traders who are buying the extremely high sulphur diesel from Russia and dumping it in the Nigerian market.”

Edwin lamented, “The decision of the Nigerian Midstream and Downstream Petroleum Regulatory Authority in granting licenses indiscriminately for the importation of dirty diesel and aviation fuel has made the Dangote refinery expand into foreign markets. The refinery has recently exported diesel and aviation fuel to Europe and other parts of the world. The same industry players fought us for crashing the price of diesel and aviation fuel, but our aim, as I have said earlier, is to grow our economy.”

He noted that because the refinery meets the international standard as well as complies with stringent guidelines and regulations to protect the local environment, it has been able to export its products to Europe and other parts of the world.

“It is regrettable that in Nigeria, import licences are granted despite knowing that we can produce nearly double the amount of products needed in Nigeria and even export the surplus. Since January 2021, ECOWAS regulations have prohibited the import of highly contaminated diesel into the region,” Edwin stated.

Meanwhile, some Nigerians online have called on President Bola Tinubu to relieve the NMDPRA chief executive of his job for saying the fuels produced by local refineries are inferior to imported ones.

Also, the House of Representatives said the allegations would be investigated.

ABUJA, JULY 20, 2024: A total number of 58 new set of Nigerian women and children were rescued from Human Traffickers in Ghana thus bringing the total number of rescued Nigerians in Accra in the last three months to 105.

Chief Callistus Elozieuwa, Chairman NIDO Board of Trustees in Ghana disclosed this to the Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM) Hon. Abike Dabiri-Erewa when she stopped by to visit the trafficked victims at their location in Accra.

A statement by the Commission's Head of Media and Public Relations, Abdur-Rahman Balogun on Saturday,
gave the breakdown of those rescued as
Kano 47, Katsina 5,
Jigawa 2 and Kaduna 4.

Apart ftom the newly rescued ones, 11 more girls, earlier rescued and in the care of NIDO BOT Chairman, Chief Callistus Elozieuwa and the Acting Nigerian High Commissioner in Ghana, Amb. Ifedayo Adeoye have also been repatriated back to Nigeria.

A total of 105 have so far been rescued in the last few months.

The statement added that some of the suspected agents have equally been apprehended and handed over to security agencies and NAPTIP for necessary profiling and prosecutions.

Dabiri-Erewa, commended NIDO Ghana, under the leadership of the Board of Trustees Chairman, Chief Callistus Elozieuwa and his team and Acting Nigerian High Commissioner to Ghana, Amb. Ifedayo Adeoye and his team as well as
Ghanaian law enforcement agencies, for their cooperation.

The rescued women and children are on their way back to Nigeria where they will be properly profiled and counselled, by NAPTIP, reunite with their families and rehabilitated by their various state governments


E-signed
Abdur-Rahman Balogun
Director of Media, Public Relations and Protocols,
NIDCOM
Abuja.

Media

US President Joe Biden has officially endorsed Vice President Kamala Harris to succeed him as President of the United States.

The announcement came, few minutes after Biden revealed he would not seek reelection due to health concerns and a recent COVID-19 diagnosis.

 

“My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made.

 

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this,” Biden said in a statement on X.

Harris, who has been a loyal supporter of Biden’s agenda, is now poised to become the Democratic Party’s frontrunner for the 2024 presidential nomination.

Her campaign has gained significant momentum in recent weeks, with many describing her as a “natural heir” to Biden’s legacy.