Category: Business

‘How Suspended Accountant-General Diverted N109 Billion TSA, IPPIS Funds Into Personal Accounts’

ADEOLA YUSUF

. EFCC gives account on alleged mega fraud by Nigeria’s number one exchequer   Hayatu Ahmed, chief superintendent of the Economic and Financial Crimes Commission (EFCC), says Ahmed Idris, suspended accountant-general of the federation, diverted public funds by compromising government account systems. He listed the account systems as the Treasury Single Account (TSA), government integrated financial management information system (GIFMIS), and the integrated payroll and personnel information system (IPPIS). Idris, Godfrey Olusegun Akindele, and Mohammed Kudu Usman are standing trial over alleged N109 billion fraud. According to a statement by…

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‘It Has Reached Shoreline,’ Shell Oil Spill At Bonny Terminal Worsens

ADEOLA YUSUF

. NIMASA gives update, SPDC shuts pipeline as cleanup still awaited 24 hours after spill   The oil spilled at the Shell Petroleum Development Company (SPDC) loading terminal, (SMI), in Bonny, Rivers State, has reached the shoreline, as incident clocked 24 hours. Platforms Africa learnt that the spill, which occurred yesterday Saturday, December 14, 2024 has led to the shutdown of the export pipeline, which serves the terminal. Shell is yet to respond to inquiries as at press time, but the Nigerian Maritime Administration and Safety Agency (NIMASA) which confirmed…

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’12th Time In 2024,’ National Grid Collapses Again

ADEOLA YUSUF

The Nigeria’s electricity transmission system known as national grid collapsed again on Wednesday, plunging the country into darkness. Platforms Africa reports that this failure is the 12 th collapse from January to December 11, 2024. Within one week in October, the grid collapsed three times with its attendant blackouts, sparking reactions from Nigerians. How Greed Led To Frequent Collapse of National Grid – EFCC 2027: ‘There’s Vacancy in Aso Rock,’ Bode George Says Tinubu Yet To Get It Right Abuja Airport Shut As Plane Skids Off Runway Malaria Kills 597,000…

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Port Harcourt Refinery Working Effectively, Nigerian Society of Chemical Engineers Declares

ADEOLA YUSUF

▪️ ‘Every refinery does blending every day. This is science, it has no room for emotion or sensation,’ everything National President of the Association, Mr Tony Ogbuigwe said about the refinery during Arise TV interview   Highest body of chemical engineers in the country, the Nigerian Society of Chemical Engineers, has given the Port Harcourt Refinery a clean bill of health, declaring that the plant is running, contrary to claims made by critics about the facility. Platforms Africa reports that the National President of the Association, Mr Tony Ogbuigwe, who…

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‘Loading Bay Empty,’ Port Harcourt Refinery Halts Operations +REASON

ADEOLA YUSUF

‘The refinery started operations truly, but trucks loaded at the gantry contained “dead stock.”’ You actually want to read the revelation by a staff at the refinery + what Saturday PUNCH found out after an unscheduled visit to the facility   Operations at the newly rehabilitated Port Harcourt refinery have been temporarily halted as the loading gantry of the newly revamped installation is now empty. The Lagos-based PUNCH newspaper, which reported this in its Saturday edition, declared that a visit by its correspondent to the refinery on Friday revealed that…

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‘N977 To N936/Litre,’ Petrol Landing Cost Crashes, Marketers Retain High Price

ADEOLA YUSUF

“Unlike their practice anytime there is hike in petrol price, no marketer including NNPC has changed its pump price to reflect the new low price…Why are we like this?” Nigerians react   The landing cost of premium motor spirit (PMS) popularly known as petrol has slumped from N977 to N935.94 per litre. Platforms Africa reports this quoting latest data released by the Major Energy Marketers Association of Nigeria (MEMAN). What To Know About Viral Photo Allegedly Showing Tinubu On Hospital Bed ‘From 1.3 CGPA To First Class Degree,’ Inspiring Story…

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NPA Boss Dantsoho Elected First Nigerian Chairman of PMAWCA

ADEOLA YUSUF

‘Feat, testament to acceptance of Tinubu’s reforms,’ everything Minister Oyetola said about the historic event   The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has emerged the first Nigerian to be elected Chairman of the Port Management Association of West and Central Africa (PMAWCA). Platforms Africa reports that this recognition came during the closing ceremony of the 44th annual council and 19th roundtable of Directors General of PMAWCA in Conakry-Guinea. ‘From 1.3 CGPA To First Class Degree,’ Inspiring Story of UNILORIN Student Why Tinubu Should Call…

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‘Dangote Sells Fuel From Crude Oil He Bought In Naira to Foreign Markets In Dollar’

ADEOLA YUSUF

Investigation reveals that ɓusinessman has signed a contract with Vitoil for 5 cargoes of 38,000 metric tonnes per cargo. One of them is the CL Jane Austen tracked by bloomberg   The Dangote Refinery has allegedly altered the Nigerian government’s petrol supply plan as it began the sale of fuel in dollars to the foreign market. A report by Bloomberg, which gives this hint, says a vessel (tanker/cargo) already hauled the product from the refinery to waters off Togo. The crude oil from which the product was refined was sold…

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Unforeseen Risks, Challenges We Faced On Port Harcourt Refinery – NNPCL

ADEOLA YUSUF

After missing another deadline in September, and about a year since it announced mechanical completion, NNPC says PH refinery to be completed, delivered “shortly.”   The Nigerian National Petroleum Commission (NNPC), barely two months after missing its September completion deadline, has provided reasons for the delay in delivering the much-anticipated Port Harcourt Refinery Company (PHRC). Platforms Africa reports that The Punch quoted the NNPC Chief Corporate Communications Officer, Olufemi Soneye, to have said this in an interview with its correspondent on Monday. Soneye attributed the delay to unforeseen risks and…

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Three Affected As NNPCL Makes Key Leadership Changes + NAMES

ADEOLA YUSUF

The Nigerian National Petroleum Company Limited has effected key changes in its leadership. Platforms Africa reports that the key changes were unveiled in a statement by the Chief Corporate Communications Officer, Olufemi Soneye, on Wednesday. Outrage In UCH Ibadan As Patients Protest 17-Day Power Outage N1,050/Litre: Again, NNPCL Increases Petrol Price Malaysia Mulls CNG Vehicle Phase Out Over Safety, Nigeria Reacts NNPC Set To Supply 100mmscf/d Gas To Dangote Refinery Platforms Africa reports that three key members of the management were affected by the leadership change. They include Adedapo A.…

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