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Federal Government Plans Petrol Alternative, To Crash Fuel Price To N97

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The Federal Government on Thursday said it would crash the price of petrol by providing Compressed Natural Gas as an alternative source of fuel for vehicles nationwide.

The CNG is a fuel that can be used in the place of Premium Motor Spirit, popularly known as petrol. It can also be used in the place of diesel and Liquefied Petroleum Gas.

Speaking on what the Federal Ministry of Petroleum Resources would work on this year during a press conference in Abuja, the Minister of State for Petroleum Resources, Timipre Sylva, stated that the Federal Government was working for the passage of the Petroleum Industry Bill before May.

He further stated that moves by the Federal Government to recover $62bn from international oil companies were seemingly impossible, as no such money was sitting anywhere to be harvested by the country.

Sylva further declared that the Nigerian oil and gas sector was retrogressing, particularly when compared to the oil sector of other nations.

He stated that the use of petrol had caused a serious drain on the finances of the Federal Government as a result of the continued subsidy on the commodity.

Explaining how the government intends to crash petrol prices, Sylva said, “When you say we are thinking about reducing the pump price of petrol, I could easily say yes. Why I could say yes is because we are looking at giving the masses an alternative.

“Today, we are using the PMS but what we want to do, going forward is to see that we are able to move the masses to the CNG. If we take all transport vehicles to the use of the CNG, you would have impacted the poor positively.”

Sylva said findings by the government showed that the CNG cost less than the subsidized PMS and that once the CNG was fully deployed, the price of fuel would crash.

“The subsidized rate of the PMS per litre is N145 but the CNG cost between N95 to N97 per litre and that is why I said that we want to reduce the cost of fuel,” he stated.

He said Nigeria had abundant gas and that deploying the CNG would not be tough for the country.

“Nigeria’s gas reserve is significant. Nigeria currently has estimated 202TCF (trillion standard cubic feet) of gas, with a projection of 600TCF,” Sylva said.

On the PIB, the minister said, “We are optimistic that both the Petroleum Industry Governance Administration and Host Communities Bill, on the one hand, and the Petroleum Industry Fiscal Bill, on the other hand, will be passed within the first anniversary of the second tenure of this administration.”

Commenting on moves by the Federal Government to recover $62bn from international oil companies based on an October 17 judgment of the Supreme Court, Sylva stated that it was practically impossible to recoup such funds from the IOCs.

He declared that no $62bn was anywhere for release by the IOCs and explained that it was best for the government to sit and discuss with the oil firms on how to go about the issue.

The Federal Government had through the Office of the Attorney-General of the Federation written to the IOCs, demanding various sums of money on the basis of the Supreme Court judgment.

The court had ordered the Federal Government to recoup all revenues lost to oil-exploring and exploiting companies due to the wrong profit-sharing formula since August 2003.

Sylva said, “Yes there was a provision in the amended Deep Offshore Act, but when we had crude oil prices above $20 per barrel, the Federal Government should have asked for some form of an increase in its take.

“Unfortunately we didn’t activate that aspect. You will not blame the Federal Government or the oil companies for not activating that aspect of the Act. You will agree that $62bn could not have been sitting somewhere for us to harvest; it is not possible.”

The minister stated that Nigeria was retrogressing in the oil sector, particularly when compared to other nations that started at similar times with Nigeria in the oil and gas business.

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Man Dies After Taking Sex Enhancement Drugs To Satisfy Lady In Onitsha Hotel

Gbemileke Ajayi

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Barely two weeks after a married man was found dead in Lagos, while lodging with a prostitute; another middle-aged man, Paul Okwudili, was confirmed dead Monday morning, after having sex with a lady in Onitsha, Anambra State.

According to a statement by the Police Public Relations Officer (PPRO) Anambra Command, SP Haruna Mohammed, Mr. Okwudili’s cause of death may not be unconnected to an overdose of sex enhancement drugs taken to satisfy the lady.

The statement reads in part: “On the 24/2/2020, at about 0:3am, the manager of Plus View hotel in Onitsha reported at Central Police Station, Onitsha that one Paul Okwudili ‘m’ aged about 40years of Ogboliolosi, off Awka Road, Inland town, Onitsha, allegedly took a lady to the hotel and lodged.

“Minutes later, the lady came out shouting for help and the hotel management who went to the room and discovered the man gasping for breath took him to St Charles Boromeo hospital Onitsha for medical attention where the victim was later confirmed dead by a medical doctor on duty.

“Meanwhile, the scene was visited by Police detectives attached to CPS Onitsha and photograph of the victim obtained. No marks of violence on the deceased body but some drugs were discovered in the hotel room reasonably suspected to be enhancement drugs”.

The Police spokesman said, the corpse has been deposited at the hospital mortuary for autopsy, while the lady was arrested for further investigation to ascertain circumstances surrounding the incident.

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North Has No Justification To Remain In Power, Presidency Should Go To The South After Buhari —- El-Rufai

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The Governor of Kaduna State, Nasir El-Rufai, has insisted that the North has no justification to remain in power after the expiration of President Muhammadu Buhari’s second tenure.

El-Rufai maintained that the Presidency should rightly return to the Southern part of Nigeria.

He said though the constitution of the All Progressives Congress, APC, does not make provision for rotation but in the interest of justice, equity, and fair play, Presidency should go to other regions of the country.

Vanguard quoted him as saying: “The general political consensus in Nigeria is that the Presidency should rotate between the North and the South. It is not written but everyone understands it.

“In some of the parties, like the PDP, it is even written down in their constitution but it was breached in 2015. I think that every politician of honour should understand and abide by that consensus except there is an extenuating circumstance compelling it to be set aside. What could this be?

“President Yar’Adua died in office and it was compulsory for Jonathan to continue but when 2011 election came, there were many people who insisted that Jonathan should step aside for a northerner to complete the tenure of Yar’Adua but I opposed it because I didn’t think it was proper for an incumbent that got there not by his own design should be stopped from contesting when the constitution has not barred him from running.

“In the APC, we deliberately omitted rotational Presidency in our constitution and the emergence of a presidential candidate does not take into account zoning and that was why in 2015, Rochas Okorocha from the East contested, Sam Nda-Isaiah contested, Buhari, Kwankwaso and others contested.”

El-Rufai a chieftain of APC, added that presidential candidates are chosen on the basis of merit and general acceptance.

“I can say that as distinct from the PDP, APC has no rotational Presidency but candidates are selected strictly on the basis of political merit and the general acceptability of the candidate.

“I want to say that those of us from Northern Nigeria honour agreements. We do not violate unwritten political agreements and I will be the last person to lead in violating that agreement. I may have a personal view but that should be the basis. I don’t care where you come from but I look for merit.

“But as a group, the Northern APC will have to sit down and endorse someone, most likely someone from the South, because after eight years of Buhari, I don’t think the Presidency should remain in the north unless there is some extenuating circumstances. But all things being equal, we will honour our agreement and we keep our words,” he said.

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Woman, 3 Others Jailed 160 Years Over Fake Naira Notes

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A woman, Hadiza Bello, and three other accomplices have been sentenced to 160 years in prison by a Federal High Court, sitting in Yola, Adamawa State, for dealing in fake naira notes.

The convicts were dragged before the court by the Independent Corrupt Practices and other related offenses Commission after they were caught at a checkpoint along Girei-Yola Road.

A statement from the ICPC spokesperson, Rasheedat Okoduwa, said five suspects — Hadiza, Mohammed Dauda, Bello Salisu, Ali Adamu and Hassan Bello, were involved in a deal to exchange the sum of N5m counterfeit notes for N1m real notes, adding that Hassan, a native doctor, could not be sentenced because of his death before conviction.

The statement said, “A Federal High Court sitting in Yola, Adamawa State, has sentenced four persons, including a woman, to 160 years’ imprisonment on a multiple-count charge of conspiracy and possession of counterfeit banknotes.

“Justice Abdulazeez Anka, who handed down the sentences to the convicts in the case brought by the ICPC, ruled that they would spend 10 years in prison on each of the four counts preferred against them.

“Three of the convicts, Hadiza Bello, Mohammed Dauda and Bello Salisu, had in March 2017, left Kaduna and were joined by the fourth convict, Ali Adamu, from Kano, to meet a native doctor, Hassan Bello, who was a counterfeiter at Wamdeo Uba, Borno State, with the intention to procure about N5m counterfeit banknotes to exchange for about N1m genuine banknotes from a customs officer.

“The deal with the customs officer did not go through for undisclosed reasons. However, as they made their way back, they were caught at a checkpoint on Girei-Yola Road, with counterfeit N1000 banknotes to the value of N5, 504,000 by soldiers on duty and subsequently handed over to the ICPC.”

The anti-graft body said an investigation launched by its officers led to the residence of the native doctor at Wamdeo Uba, where he was arrested.

“A search conducted on the premises revealed more counterfeit N1000 bank notes reading the same serial number to the value of N26,000.

“At the conclusion of investigations, except for Bello Salisu, who was charged with abetment to commit an offense of possession of counterfeit banknotes, the other four suspects, including the native doctor counterfeiter, were arraigned on four counts of being in possession of counterfeit banknotes, which is an offense contrary to sections 5(1) (b) and 6(2) (b), and punishable under Section 5(1) (c) of the Counterfeit Currency (Special Provisions) Act, cap. C35, LFN 2004,” the statement added.

In his ruling, Justice Anka found the accused persons guilty on each of the four counts and sentenced them to cumulative 40 years’ imprisonment each, although the sentences would run concurrently.

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