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Scarcity: NNPC directs marketers to Pinnacle as pipelines undergo repair —IPMAN

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Scarcity: NNPC directs marketers to Pinnacle as pipelines undergo repair —IPMAN
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• Foreign exchange, other vices hampering import

The Independent Petroleum Marketers Association of Nigeria, IPMAN, yesterday said contrary to claim of unavailability of petroleum products, the Nigerian National Petroleum Company Limited, NNPCL, has directed marketers to begin loading at Pinnacle Depot in Ibeju Lekki, Lagos.

This is coming on the heels of current repairs ongoing at the vandalised pipelines which supply products to satellite depots.

Speaking to Vanguard, the President of IPMAN, Chinedu Okoronkwo, said NNPCL had assured marketers that it had enough supplies, and was addressing the issue of pipeline vandalisation.

Okoronkwo said the issue of pipeline leaks would be addressed soon and that NNPCL had now directed marketers to begin loading at Pinnacle Depot in Ibeju Lekki in Lagos.

“NNPCL is doing something about the pipeline vandalisation and has assured that normalcy will return soon,” he said.

He said some of its members were yet to begin petrol imports due to exchange rate volatility, adding that its members were currently relying on NNPC for petrol but would soon begin importation.

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Investigations revealed that some petrol stations in Lagos and Ogun states slightly adjusted their pump prices, with some selling the product at between N570 per litre and N580 per litre.

Vanguard  reports that the landing cost from August is expected to rise further as the factors that propelled the rise in July  had worsened.

Giving further insight, sources around marketers who spoke to Vanguard on condition of anonymity, insisted that it was unprofitable to import as foreign exchange had been a major concern, while exchange rate had also continued to deteriorate.

The marketers also noted that the cost of fuel import was rising, in response to the recent rise in price of crude oil in the international market.

A transactional analysis of a major operator sighted by Vanguard, showed that marketers were paying N604.14 per litre as total direct cost.

A breakdown shows product cost per liter at N578.46, freight (Lome-Lagos) at N10.37, port charges at N7.37, NMDPRA levy of N4.47, storage cost at N2.58, Marine insurance cost at N0.47, fendering cost at N0.36 and ”others” at N0.05 as well as a finance cost amounting to N28.04.

Specifically, the transactional analysis put the landing cost of 28,000 metric tons of imported petrol at over $25 million, including total product cost, total direct cost, total finance cost, capable of generating more than N22 billion as sales revenue, indicating a loss of over N1.6 billion.

Consequently, the marketers said it would be unprofitable to import at current pump price, while the government has not guaranteed a free float of pump prices. (Vanguard)

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FG reforms NYSC, replaces military leadership, redesigns uniform

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NYSC Corps members
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President Bola Tinubu administration has approved the comprehensive reform of the National Youth Service Corps (NYSC).

Under the new arrangement, the military will no longer head the scheme.

Instead, the agency will be led by a civilian in its operational leadership, while the military will continue to handle security for corps members across the country.

The development was announced on Monday by the Minister of Youth Development, Ayodele Olawande after the Federal Executive Council, FEC, at the Presidential Villa in Abuja.

Tinubu also directed the Attorney-General of the Federation, Lateef Fagbemi, and the Minister of Youth, Ayodele Olawande, to amend the NYSC Act and its regulations to reflect all the approved reform measures, enabling immediate implementation of the new framework.

Some of the landmark reforms include:

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A technology-driven call-up process.

Risk-sensitive deployment to better protect corps members.

A redesigned six-week orientation programme with a stronger focus on leadership, entrepreneurship, digital skills, and specialised career streams.

Skills-based primary assignments aligned with academic background and career pathways.

Modern governance with civilian operational leadership while the military continues to provide security support.

Improved camp standards through a national grading and certification system.

A new graduation ceremony to replace the Passing Out Parade, and a redesigned NYSC uniform that reflects professionalism and national pride.

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Group asks court to disqualify Tinubu from 2027 Election over alleged Certificate Forgery

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President Ahmed Bola Tinubu
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The Centre for Reform and Public Advocacy (CFRPA) has filed a suit at the Federal High Court in Kano seeking the disqualification of President Bola Ahmed Tinubu from the 2027 presidential election over allegations of certificate forgery.

‎According to court documents seen by Daily Trust, the plaintiff alleged that Tinubu presented forged academic certificates from Chicago State University and a fake National Youth Service Corps (NYSC) discharge certificate to the Independent National Electoral Commission (INEC) during the 2023 elections.

‎The suit, marked FHC/K/CS/312/2026, lists Tinubu, INEC, and Chicago State University as defendants.

The plaintiff contended that Tinubu never attended Government College Lagos as claimed, noting that the school was established in 1974, four years after Tinubu allegedly graduated.

The CSO further argued that Tinubu does not possess a valid secondary school certificate, which is the minimum constitutional requirement to contest for the presidency.

It claimed that INEC had failed to act on its petition dated June 19, 2026, demanding clarification on Tinubu’s eligibility.

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‎In its statement of claims, the group referenced a 2023 U.S. court ruling in Re: Application of Atiku Abubakar (No. 23 CV 05099), which compelled Chicago State University to release Tinubu’s academic records.

The plaintiff insisted those records revealed false entries and inconsistencies, including a forged University of Cambridge General Certificate of Education.

‎The prayers asked by the plaintiff included declaration of forgery against Tinubu’s Chicago State University certificate, issuance of an order directing INEC to disqualify him from the 2027 presidential election, directing CSU to strike Tinubu’s name from its records and perpetual injunction restraining INEC from uploading Tinubu’s name as a candidate.

‎The plaintiff also submitted affidavits of non-multiplicity of action, witness statements, and letters to the NYSC and the Secretary to the Government of the Federation, demanding disclaimers on the alleged fake NYSC certificate.

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Firm expresses concern over repeated missing Court File in Ojukwu Property case

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Monarch, four others remanded for arson
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Ojukwu Transport Limited, OTL, has raised concerns over what it described as the repeated absence of court records in its ongoing property dispute with Bianca Ojukwu and her sons, even as it filed a motion for stay of execution pending the determination of its appeal.

Proceedings before Justice A.M. Lawal of the Lagos High Court, Ikeja, last Monday were stalled for the second time in six weeks due to the unavailability of the case file.

The matter was adjourned after the file was reportedly not returned to court.

A similar situation occurred on May 8, 2026, when the case could not proceed because the file was unavailable.

OTL alleged that the file had been taken from the Ikeja Judicial Division to Lagos more than two months ago for the execution of a warrant and had not been returned.

The claimants’ legal representatives were absent from court on both occasions.

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Describing the development as troubling, OTL said the repeated absence of the file had effectively stalled proceedings and raised questions about accountability in the handling of court records.

Amid the delays, the company disclosed that it had filed and served a motion for stay of execution at the Court of Appeal, seeking to halt enforcement of the judgment pending the determination of its appeal against the 2022 decision in Suit No. LD/1539/2012.

OTL maintained that the application became necessary because steps were being taken to enforce the judgment despite its pending appeal.

The company also contended that the properties in dispute had previously been the subject of a warrant of execution arising from a separate judgment delivered in 2018 by Justice Adedayo Oyebanji in Suit No. LD/794/2011.

The case was subsequently adjourned to October 8, 2026.

Present in court on both adjourned dates on behalf of Ojukwu Transport Limited was one of its directors, Dr. P. Ike Ojukwu.

Counsel to OTL are Ifeanyi Okumah Esq and Chief O. Ugolo, SAN, while Bianca Ojukwu and her sons are represented by Nick Omeye Esq and Co.

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