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Probe $3.7bn repair cost on ‘dead’ refineries, Timi Frank urges EFCC, ICPC

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The nation’s anti-graft agencies should urgently probe alleged award of $3.7billion contract to rehabilitate dead refineries, former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has charged.

Frank in a statement in Abuja on Sunday condemned in strong terms the award of the said $3.7billion contract to rehabilitate the nation’s refineries as revealed by the House of Representatives Adhoc Committee investigating the state of refineries in the country.

He described the sum of the contract as an unimaginable heist and brutal looting of the nation’s financial resources under President Muhammadu Buhari’s watch in a country where average Nigerians can no longer afford one meal per day.

He also condemned the refusal of the Minister of State for Petroleum Resources, Timipre Sylva, Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari and other officials from appearing before a statutory committee of the National Assembly to explain why and how such colossal amount were earmarked to service moribund

He called on the EFCC and ICPC to wake up from their slumber by arresting and prosecuting all those involved in the nauseating contract scandal.

He insisted that the sum has either been grossly mismanaged, outrightly stolen or about to be looted.

He wondered why cases of mismanagement, corruption and abuse of office will continue to recur under the watch of General Buhari, a self contest anti-corruption czar and who was in 2018 conferred with the African Union’s Anti-corruption Award.

“Since 2015 till date, Buhari has been the substantive Minister of Petroleum and he cannot claim ignorance of the award of this bizarre contract.

“It is benumbing that despite revelation by Mr Tony Elumelu that 95 per cent of oil production in Nigeria is being stolen, Buhari who is in charge as Minister of Petroleum has not deemed it necessary to go after the thieves or order anti-corruption agencies to go after the evil cartel stealing the nation’s crude oil.

“When will Buhari truly fight corruption in Nigeria? Will it be after he leaves office in May 2023?” he said.

He insisted that money being frivolous stolen by those in positions of authority in the name of maintaining apparently dead refineries and payment of subsidies since 2015 could have helped the country to build over three new modern refineries.

He said: “Today, Dangote is building a 650,000 barrels per day (bpd) oil refinery in Lekki at an estimated cost of $19billion. However, as at September 2013, it was estimated to cost about $9billion.

“Similarly, as at October 2013, Uganda announced that it plans to build a 60,000 barrels per day oil refinery at an estimated to cost $2.5billion.

“This means that between May 2015 and April 2022 that APC has been on the driving seat of governance, money spent to ‘repair’ the nation’s antiquated refineries, most especially the recent rehabilitation contract of $3.7billion and the N4trillion earmarked for fuel subsidy in the 2022 budget, would have been enough to build at least a new 100,000 barrels per day refinery in the country.

“Today, the price of crude oil has shot up due to Russia invasion of Ukraine, but Nigeria cannot benefit from the windfall being enjoyed by other oil producing countries because of its over dependence on refined products being imported with borrowed funds.”

He warned the House of Representatives against any form of compromise in its ongoing probe and urged it to employ all constitutional means to compel all invited officials to appear before it.

“This is one issue we will follow up keenly to ensure that it is not compromised or swept under the carpet. The National Assembly, especially the House of Representatives’ Adhoc Committee chaired by Hon. Ganiyu Johnson, must ensure that they get to the root of this monumental sleaze or else Nigerians will not forgive them should they decide to sell out to thieving officials to frustrate the probe,” he said.

He added: “This was how these same persons colluded and imported toxic fuel into the country that damaged millions of car engines and up till now nobody has been held accountable for that unpatriotic act.”

He wondered why monies always go missing anytime Buhari is in charge of Petroleum ministry.

“This was how a humongous amount went missing under his watch as then head of petroleum ministry. Today, $3.7billlion is being spent in suspicious manner under his watch,” he said.

He called on the President to ensure that those responsible are made to account for their deeds saying the next government would not fail to unravel the truth should he fail to act now.

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Edo Governor Joins National Economic Deliberations

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Edo State Governor, Senator Monday Okpebholo, attended his inaugural National Economic Council (NEC) meeting on Thursday at the State House Council Chambers in Abuja.
The session was presided over by Vice President Kashim Shettima.

The NEC serves as a vital forum for state governors, deputy governors, and the federal government’s economic team to discuss and address key economic challenges.

In a gesture to mark his first appearance, Governor Okpebholo was invited by Vice President Shettima to lead the opening prayer after the national anthem.

This event underscores Edo State’s active commitment to collaborating on national economic policies and driving solutions for Nigeria’s progress.

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At Achebe Forum, Obasanjo Labels Nigeria a ‘Failing State’ Criticizes Tinubu’s Leadership

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Olusegun Obasanjo

Former President Olusegun Obasanjo has expressed sharp criticism of President Bola Tinubu’s administration, stating that Nigeria’s decline is now evident to “every honest observer.”
Speaking at the Chinua Achebe Leadership Forum at Yale University in the U.S., Obasanjo attributed the country’s deteriorating state to leadership failure, pointing specifically to Tinubu’s governance, which he referred to as “Baba-go-slow and Emilokan.”

In his keynote address titled “Leadership Failure and State Capture in Nigeria,” Obasanjo highlighted that pervasive corruption and mismanagement have worsened Nigeria’s challenges, driving the country deeper into insecurity, division, and underdevelopment.
He quoted the late writer Chinua Achebe, who in his book The Trouble with Nigeria argued that the country’s fundamental problem is a failure of leadership, not a flaw in its people or resources. According to Obasanjo, this diagnosis remains as relevant today as it was over 40 years ago.

Obasanjo cited works by American experts Robert Rotberg and John Campbell, who have characterized Nigeria as a “failed state.” Their argument, he noted, suggests that Nigeria’s inability to maintain security and stability has serious implications for Africa and the world at large.

Additionally, the former President described “state capture” as a pressing issue in Nigeria, where powerful individuals and groups exploit government resources and policies for personal gain. Obasanjo argued that this corruption undermines national interests, with influential elites shaping the country’s legal and economic systems to benefit themselves. Such practices, he warned, compromise public welfare, affecting the quality of education, healthcare, and infrastructure development.

In reflecting on Achebe’s legacy, Obasanjo praised the late author’s commitment to truth and the moral foundation he established for Nigeria. He urged Nigerians and the international community to recognize the dangers of state capture and work towards restoring a governance model that prioritizes the public good.

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Sule Lamido, Shehu sani disagree over National Security Adviser

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Shehu Sani and Sule Lamido

The senator who represented Kaduna Central Senatorial District in the 8th National Assembly, Shehu Sani has disagreed with a former Governor of Jigawa State, Sule Lamido over national security issues
Lamido had taken a strong position against the current National Security Advisor (NSA), Nuhu Ribadu accusing him of compromising his professional integrity and acting more like a spokesperson for President Bola Tinubu than fulfilling his constitutional role.
Sani advised Lamido to at least appreciate how the Tinubu led Administration tackled insecurity instead of politicizing it in his comment on the National Security Adviser.
Ribadu who was basking in the euphoria of the recent claims of decimating the insurgents cautioned anyone “not to dare Tinubu”, espercially the new Lakurawa Insurgents a development which infuriated the former governor of Jigawa State and a Chieftain of the Peoples Democratic Party,(PDP), prompting him to take to his verified facebook wall to describe the NSA as “loquacious, flippant and qualified to have been Tinubu’s Minsiter of Information instead of NSA.”
Lamido Criticizes NSA for Sycophantic Behavior, Urges Focus on Duties.
Lamido in his comment had expressed concerns over the NSA’s behavior, particularly his past actions as the Chairman of the Economic and Financial Crimes Commission (EFCC) under President Olusegun Obasanjo. Lamido reminded Nigerians of the NSA’s controversial remarks, including his public labeling of prominent governors—such as Tinubu, Kalu, and Akume—as the “most corrupt.” Lamido pointed out the stark contradiction between the NSA’s earlier criticisms and his current position, serving under the same figures he once condemned.

The former governor called the NSA’s decision to join the administration of President Tinubu—a leader he previously described as corrupt—a “singular mistake,” one that Lamido believes has tarnished the NSA’s credibility and character. “You are not a spokesperson for the President, you are a National Security Advisor,” Lamido emphasized, urging the NSA to return to the professionalism that has historically defined the role.

Lamido argued that previous holders of the NSA position, including the late Umaru Shinkafi, General Gusau, and Colonel Dasuki, all displayed discipline and a low profile, focusing on security matters without resorting to public displays or sycophantic behavior. Lamido lamented that the current NSA’s behavior reflects a departure from this standard, pointing to his increasingly vocal and partisan approach.

Rather than fulfilling his duties as an anonymous and diligent security advisor, Lamido claimed that the NSA’s moral dilemma and excessive displays of loyalty to the president have shifted him into the role of a “Minister of Information,” undermining the neutrality and importance of his position.

In closing, Lamido urged President Tinubu to allow his NSA to regain focus, remove his fears, and return to the professional standards expected of someone in such a sensitive and critical role. The criticism continued to ignite debates about the role of the NSA and the expectations of public office holders in Nigeria, with many calling for greater transparency and consistency from those in power.
Reacting, Shehu Sani countered Lamido in a statement on Friday in Abuja, saying there should be a credit and a commendation for an administration that inherited multi-faceted security challenges ,but which has been reduced to the barest minimum, wondering how the elderly statesman failed to acknowledge the many triumphs of government in bandits hotbed regions in the north.

Sani who served in the upper legislative Chamber in the 8th National Assembly said, he witnessed to the appropriation budget allocated to security which unfortunately did not abate security challenges before now, expressing that Nuhu Ribadu has achieved what many of his predecessors have failed to accomplish despite the hundreds of billions spent in the name of defence and security in the past;

According to him, bandits have been neutralized to a large extent, thus encouraging government in this direction until total victory should have been ideal rather than playing haywire politics which he said may not help the yet-volatile situation in the North.

He said: “Neutralisation of top bandit leaders, end to mass abductions of students in northern schools,

“Securing rail lines and major northern highways hitherto notorious for kidnappings. The prompt response to terrorist attacks on power lines is worth mentioning.

“Security challenges are not over but in all indices of comparison, he has performed better and set unprecedented records. His political critics are fully entitled to their views ,but his delivery on his mandate is unparalleled.”, Sani concluded.

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