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Buhari picks Araraume to head NNPC Ltd board

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NNPC INCORPORATION

 

President Muhammadu Buhari has appointed Senator Ifeanyi Araraume to head the board of the soon-to-be incorporated Nigerian National Petroleum Company (NNPC) Limited.

Group Managing Director of the NNPC Mele Kyari will be the chief executive officer of the NNPC Limited.

The President also ordered the commencement of the process for NNPC’s incorporation within six months. Umar Ajiya will serve as chief financial officer of the new company.

Members of the board are Tajudeen Umar (Northeast), Lami Ahmed (Northcentral), Mohammed Lawal (Northwest), Margaret Chuba Okadigbo (Southeast), Mrs. Constance Harry Marshal (Southsouth), and Pius Akinyelure (Southwest).

Margaret is the widow of former Senate President Okadigbo.

The announcement of the board members and the President’s nod for the registration of the new company signals the beginning of the implementation of the Petroleum Industry Act (PIA).

Buhari, while signing the bill that gave birth to the PIA in August, gave the nine-man steering committee headed by the Minister of State for Petroleum Timipre Sylva. 12 months to complete its assignment.

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The President said: “We are all aware that past administrations have identified the need to further align the industry for global competitiveness, but there was lack of political will to actualise this needed transformation.”

Special Adviser on Media and Publicity to the President, Femi Adesina, explained in a statement yesterday that the appointments and directive were in tandem with Section 53(1) of the PIA.

The section requires the Minister of Petroleum Resources to call for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the Minister of Finance on the nominal shares of the company. The President holds the position of Petroleum Resources minister.

The statement reads: “President Muhammadu Buhari, in his capacity as minister of Petroleum Resources has directed the incorporation of the Nigerian National Petroleum Company Limited.

“This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the Minister of Finance on the nominal shares of the Company.

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“The Group Managing Director of the NNPC, Mr. Mele Kolo Kyari, has, therefore, been directed to take necessary steps to ensure that the incorporation of the NNPC Limited is consistent with the provisions of the PIA 2021.

“Also, by the power vested in him under Section 59(2) of the PIA 2021, President Buhari has approved the appointment of the board and management of the NNPC Limited, with effect from the date of incorporation of the company.

“Chairman of the board is Senator Ifeanyi Ararume, while Mele Kolo Kyari and Umar I. Ajiya are Chief Executive Officer, and Chief Financial Officer, respectively.”

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BREAKING: Protesters besiege PDP secretariat, demand Wike’s suspension

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The Peoples Democratic Party (PDP) Reform Vanguard, on Thursday, besieged the party’s secretariat in Abuja to demand the suspension of Nyesom Wike, minister of the federal capital territory (FCT).

 

The group also called for the resignation of Umar Damagun as acting national chair of the PDP.

 

The group arrived the headquarters ahead of the scheduled national executive council (NEC) meeting of the PDP, while demanding that Wike should be suspended for alleged anti-party activities.

 

Speaking with reporters, Usman Seidu, convener of the group, said Damagun and Wike have “undermined our collective efforts and jeopardised our very existence as a formidable opposition force”.

 

“We commend our former National Chairman Dr. Iyorchia Ayu for his demonstration of unwavering loyalty and love for our party by withdrawing all pending suits against the party in the court,” Seidu said.

 

“His actions have paved the way for our great party to move forward, to cleanse our ranks and restore integrity to our leadership.

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However, the presence of individuals like Amb. Iliya Damagun and Mr. Nyesom Wike within our midst remains a cancerous growth on the body of our party.

 

“Their actions, tantamount to betrayal, have undermined our collective efforts and jeopardised our very existence as a formidable opposition force.

 

“The time has come for the NEC to act decisively. Amb. Iliya Damagun must be removed from his position as acting national chairman, in accordance with the provisions of our party’s constitution.

 

“He must be replaced with a loyal member from the north-central, someone who embodies the spirit of our party and will work tirelessly for the advancement of its course.

 

“Furthermore, we cannot turn a blind eye to the continuous presence of Mr. Nyesom Wike within our ranks. His romance with the APC has been handsomely rewarded with his appointment as minister of the FCT and as such, his stay is a slap in the face of every loyal member of our party.

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“If the party fails to take decisive action against those who have betrayed our trust, then it risks losing the faith and support of it’s loyal members across the country.”

 

Wike attended the national caucus meeting of the PDP on Wednesday.

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Court adjourns ‘money laundering’ case against Yahaya Bello to April 23

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KOGI WEST ELDERS

 

The federal high court in Abuja has adjourned the case against Yahaya Bello, former governor of Kogi; Alli Bello, chief of staff to Usman Ododo, governor of Kogi; and one Daudu Suleiman, to April 23.

 

The Economic and Financial Crimes Commission (EFCC) alleged that the suspects diverted about N100 billion belonging to the Kogi government.

Responding to the EFCC allegations, the Kogi government said funds belonging to the state were not missing during the administration of the former governor.

 

The former Kogi governor was not present in the courtroom on Thursday.

 

Kemi Pinhero, EFCC counsel, said Bello’s absence from the court was a strategy.

 

Responding, Abdulwahab Muhammed, Bello’s lawyer, said on February 9, a court issued a restraining order on the arrest and prosecution of the former governor.

He said the restraining order was appealed by the EFCC, adding that the case is still pending and therefore the arrest warrant granted against Bello on Wednesday does not stand.

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Muhammed accused the EFCC of trying to bring the judge on a collision course with the court of appeal.

 

He said the court has no jurisdiction on the matter as the case is pending at the court of appeal.

 

Muhammed asked the court to vacate the arrest warrant granted against Bello because the court was “misled”.

 

He said it may lead to anarchy if a court of competent jurisdiction and another court of competent jurisdiction issue opposing orders.

 

Responding, Pinhero said if the former Kogi governor believes he is innocent, he should appear in court to defend himself.

He said if Bello is unwilling to appear before the court, measures will be taken against him.

 

He said section 287 of the constitution allows security agencies, including the military, to produce a person before a court, adding that nobody is above the court or the rule of law.

 

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After hearing arguments from the counsel, Emeka Nwite, the presiding judge, adjourned further hearing to April 23.

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Ganduje’s son visits Kano anti-graft agency amid corruption charges against dad

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Abdulazeez Ganduje, son of Abdullahi Ganduje, national chair of the All Progressives Congress (APC), on Wednesday visited the Kano state anti-corruption and public complaints commission.

 

On Tuesday, Muhuyi Magaji, chair of the anti-graft agency, said the commission is investigating a fresh case where N51 billion was allegedly diverted by the Ganduje administration.

 

The commission had earlier filed criminal charges against the former governor over an alleged $413,000 and N1.38 billion bribe.

 

The commission said it had assembled 15 witnesses to testify against Ganduje.

Abdulazeez, who is the first son of Ganduje, reportedly visited the anti-graft agency to show support for the commission’s case against his dad, mum and brother. 

 

In 2021, Abdulazeez dragged Hafsat Ganduje, his mother, to the Economic and Financial Crimes Commission (EFCC) over a bribery and land fraud case.

 

Ganduje was suspended from the APC by his ward over corruption allegations, with a Kano court upholding the suspension on Wednesday.

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