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FG denies hiking petrol price

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The Federal Government, on Friday denied increasing the price of premium motor spirit, also called petrol.

Timipre Sylva, minister of state for petroleum resources, said this in a statement issued by Horatius Egua, his senior adviser on media and communications.

Several media reports had earlier in the day claimed that the Federal Government quietly approved N185 as the new petrol pump price per litre.

But Sylva said the President Muhammadu Buhari has not approved any price increase for petrol, as he is sensitive to the plight of the citizens.

“President Muhammadu Buhari has not approved any increase in the price of PMS or any other petroleum product for that matter,” he said.

“There is no reason for President Muhammadu Buhari to renege on his earlier promise not to approve any increase in the price of PMS at this time.

“Mr. President is sensitive to the plight of the ordinary Nigerian and has said repeatedly that he understands the challenges of the ordinary Nigerian and would not want to cause untold hardship for the electorate.

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“Government will not approve any increase of PMS secretly without due consultations with the relevant stakeholders. The President has not directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority or any agency for that matter to increase the price of fuel.

“This is not the time for any increase in pump price of PMS.”

Sylva said what was playing out was the “handiwork of mischief makers and those planning to discredit the achievements of the president” in the oil and gas sector.

“I appeal to Nigerians to remain calm and law-abiding as the government is working hard to bring normalcy to fuel supply and distribution in the country,” he said.

Petrol scarcity has lingered since November, 2022. This situation is further worsened by disparity in the pump prices of the commodity across the country.

Several consumers had said that the product retailed for as high as N300 a litre.

While there is uncertainty as to the reason for the prolonged scarcity, the Independent Petroleum Marketers Association of Nigeria (IPMAN) had said the volume of petrol supplied to marketers by private depots have dropped by about 40 percent.

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Police detain Yahaya Bello’s ADC, security details

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The Nigeria Police Force has detained a female police officer who was the aide-de-camp to embattled former Kogi State Governor, Yahaya Bello..

The ADC was arrested alongside other police officers attached to 48-year-old Bello, and is being detained at the State Criminal Investigation Department, Federal Capital Territory, Abuja.

Their arrests and detention followed a Thursday night order by the Inspector General of Police, Olukayode Egbetokun, directing their immediate withdrawal from the former governor.

Senior police sources, who spoke on the condition of anonymity because they did not have authorisation to comment publicly on the matter, noted that the officers were arrested on the suspicion that they aided and abetted Bello’s escape from operatives of the Economic and Financial Crimes Commission, who had gone to effect his arrest at his Abuja home on Wednesday.

“The ADC and the other police details attached to Yahaya Bello have been arrested and detained.

“They were arrested on the order of the IG, on the suspicion that they aided and abetted the former governor’s escape from the EFCC on Wednesday,” one of the sources told our correspondent in a telephone conversation on Friday.

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Another source said, “Yahaya Bello’s female ADC and other police officers attached to him were brought to the command this morning, and they’ve been detained for aiding and abetting (the governor’s escape).

Egbetokun had, on Thursday night, ordered the withdrawal of all police officers attached to Bello.

The order for the withdrawal was contained in a police wireless message sighted by our correspondent on Friday morning.

The document read:

CB:4001/DOPS/PMF/FHQ/ABJ/VOL.48/ 34 X ORDER AND DIRECTIVES X FOLLOWING MESSAGE RECEIVED FROM NIGPOL.

“DOPS ABUJA X BEGINS X CB:4001/DOPS/FHQ/ABJ/VOL.21/462 DTO:180955/04/2024 X ORDER AND DIRECTIVES X REF MYLET NO CB:3412/DOPS/FHQ/ABJ/VOL.1/36 DATED 15/04/2024 X AND MY EARLIER LET NO CB:3412/DOPS/FHQ/ABJ/VOL.1/30 DATED 24/01/2024 X Nigeria police have ordered the withdrawal of all men.

“Police attached to His Excellency and former Executive Governor of Kogi State, Alhaji Yahaya Bello, should acknowledge compliance and treat with utmost importance. Please above for your information and strict compliance.”

Also, the Federal Government had on Thursday night placed Bello on a watch list.

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In a document exclusively obtained by our correspondent on Thursday night, the Comptroller General of the Nigeria Immigration Service, revealed that Bello was placed on a watchlist for conspiracy, breach of trust, and money laundering.

Assistant Comptroller General signed the document and copied the Nigeria Customs Service, the Inspector General of Police, the Director General of the Department of State Services, and the Director of the National Internet Agency.

The document read, “I am directed to inform you that the above-named person has been placed on a watch list. Suffice to mention that the subject is being prosecuted before the Federal High Court Abuja for Conspiracy, Breach of Trust and Money Laundering vide letter Ref; CR; 3000/EFCC/LS/EGCS.1/TE/V 1/279 dated April 18, 2024.

“If seen at any entry or exit point, he should be arrested and referred to the Director of Investigation, or contact 08036226329/07039617304 for further action.

“Please, accept as always the Comptroller-General’s warmest regards and esteem.”

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The Economic and Financial Crimes Commission had earlier declared Bello wanted for laundering the sum of N80,246,470,088.88.

The development was contained in a notice posted on the commission’s official Facebook page on Thursday, with a snapshot of the embattled ex-governor attached.

The notice read, “The public is hereby notified that Yahaya Adoza Bello (former Governor of Kogi State), whose photograph appears above is wanted by the Economic and Financial Crimes Commission in connection with an alleged case of Money Laundering to the tune of N80,246,470,089.88 (Eighty Billion, Two Hundred and Forty Six Million, Four Hundred and Seventy Thousand and Eighty Nine Naira, Eighty Eight Kobo).

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Good morning! Here Are Some Major News Headlines In The Newspapers Today: 18 feared killed in fresh Plateau attacks

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1. No fewer than 18 persons are feared dead after gunmen struck on Friday morning in Tilengpan community of Mangu Local Government area of Plateau State. It was reported that 12 individuals were reportedly killed in Mangu villages, with an additional six persons murdered in four Bokkos communities, along with a university student last night.

2. President Bola Tinubu has appointed a new Board for the Securities and Exchange Commission, SEC with immediate effect. According to a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, the new board members bring a wealth of experience and expertise to the commission, which plays a vital role in developing and regulating Nigeria’s capital market.

 

3. President Bola Tinubu on Friday announced the appointment of a new board for the National Insurance Commission, NAICOM with immediate effect. This was contained in a statement by Special Adviser to the President on Media and Publicity, Ajuri Ngelale.

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4. The Nigerian Customs Service, Kebbi State Area Command, has intercepted goods, including 212 50kg bags of foreign parboiled rice, worth over N126m. The goods according to the Customs Area Comptroller, Iheanacho Ojike, included 10,025 litres of petrol worth over N2m.

 

5. Two people were killed on Friday while one other was injured in an accident around the Idogo junction on Ilaro-Owode Yewa Road, Ogun State. This is just as the Ogun Sector Command of the Federal Road Safety Corps threatened to begin a clampdown on motorists parking indiscriminately on the roads.

 

6. Kogi State Commissioner for Information, Kingsley Fanwo, has said Governor Usman Ododo did not help his predecessor, Yahaya Bello, beat security operatives who wanted to arrest him. Speaking in an interview with Channels TV, Fanwo, who also worked under Bello, said Ododo is committed to upholding the laws of the country, including respecting its legal processes.

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7. The Nigerian Army, on Friday, released Prince Clement Ikolo Ogenerukevwe, the monarch arrested over the killing of 17 military personnel in Okuama, Ughelli South Local Government Area of Delta State.

 

8. The Lagos State government on Friday, demolished illegal houses in Otto Ilogbo extension of Ebute Metta, Lagos, leaving hundreds homeless. It was gathered that four communities were affected by the demolition. They include Ifesowapo, Ifeoluwa, Toluwani and Ilaje Otumara Community Development Association, CDAs, sparking public outrage.

 

9. Road crashes that occurred on Thursday and Friday at Gaya Junction in Kano State and Tashar Yari in Kaduna State claimed the lives of 18 people, authorities have said. The Corps Marshal, Federal Road Safety Corps, Dauda Biu, has now condemned the use of substandard tyres and excessive speeding by drivers on Nigerian roads.

 

10. The Managing Director of First Bank Plc, Dr Adesola Kazeem Adedotun is to proceed on pre-retirement notice. He conveyed his decision to the Chairman of First Bank Hassan Odukale. He said in the letter that he would have retired from the bank in December but decided to proceed on pre-retirement leave effective April 20.

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BREAKING: FG, states, LGs share N1.123tn in March

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The Federation Account Allocation Committee has disbursed a total of N1.123tn to the federal, state, and local governments for March 2024.

 

The allocation, derived from a gross total of N1.867tn, marks a critical distribution of funds aimed at supporting various government tiers.

 

This was revealed in a statement signed by the Director of Information and Public Relations, Ministry of Finance, Mohammed Manga, on Friday.

 

FAAC has the duty of examining and approving the distribution of financial resources to the states and the Federal Government.

Monthly, this committee is tasked with the disbursement of funds across Nigeria’s 36 states and its 774 local government areas.

 

This allocation is anticipated to drive progress and support governmental bodies across various tiers in executing their duties.

 

The FAAC shared N1.152.trn to the three tiers of government for February 2024 from a gross total of N2.326.14trn.

 

Manga stated that the Accountant General of the Federation, Mrs. Oluwatoyin Madein, chaired the meeting and highlighted the importance of the allocation.

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This distribution is pivotal in ensuring that all government levels have the necessary funds to continue their development projects and provide essential services to the citizens,” the statement read.

 

The statement noted that the Federal Government received N345.890bn, states, and local governments received N398.689bn and N288.688bn, respectively, while oil-producing states received N90.224bn as 13 per cent mineral revenue derivation.

 

The FAAC statement also noted an increase in the gross revenue from Value Added Tax for March 2024, amounting to N549.698bn—an N89.210bn rise from the previous month.

 

This increase reflects the country’s economic growth and improved tax compliance.

 

Despite the positive trend in VAT, the Gross Statutory Revenue of N1.017tn for March was lower than February’s N1.192tn by N175.212bn.

 

The decrease has been attributed to reductions in excise duty, oil royalty, petroleum profit tax, customs external tariff levies, and electronic money transfer levy.

 

The balance in the Excess Crude Account as of April 2024 stands at $473,754.57, indicating a reserve for future financial stability.

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The statement noted that the FAAC’s decision to allocate these funds is expected to bolster economic activities across the nation and support the government’s efforts in improving infrastructure, healthcare, education, and other vital sectors.

 

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