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Gas Conversion: FG Makes U-Turn On ‘No Payment’ Promise, Says Vehicle Owners To Pay N250,000

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The Federal Government says car owners will pay up to N250,000 to have their vehicles converted to run on gas.

Justice Derefaka, Technical Adviser on Gas Business and Policy Implementation to Minister of State for Petroleum, Timipre Sylva, made this known on Wednesday.

According to him, conversion of vehicles from petrol to run on gas will take at least seven hours at the various conversion centres across the country.

Derefaka, who is also the Programme Manager, Nigerian Gas Flare Commercialisation Project, stated this today while featuring on Channels Television’s Sunrise Daily programme.

The petroleum minister had said in September that the government will convert the vehicles of Nigerians to run on gas for free to cushion the effect of the hike in the pump price of petrol.

But speaking on Wednesday, Derefaka said there are different payment approaches to making the conversion, adding that vehicle owners can have an agreement with commercial banks to get their conversion done.

He said, “The conversion of your vehicle is not something that will take three weeks or seven days; it will take you around seven to eight hours because they (technicians) need to do a diagnosis of your vehicle to see if it is fit for conversion. After that, they will test for roadworthiness and then proceed.”

When asked who bears the cost for the conversion of the vehicles, the official said, “Who owns the car? The owner of the car basically will decide to say I want to run on autogas or CNG or LNG and like the honourable minister had mentioned before, conversion has basic strands, you can partner with your bank and the bank will now agree with the conversion centre to convert your vehicle, not for free entirely.

“The installer will now put some form of mechanism that each time you buy the gas; a certain amount will be deducted to pay for the conversion kit. Some people will say it is too expensive but I don’t think it is because, within a period of five to seven months, you’ve already paid off the cost.

“The cost varies, it depends on the cylinder of the vehicle but on the average, it is around N200,000 to N250,000 and this is for a four-cylinder vehicle but it becomes a little bit higher for a six-cylinder vehicle.”

Derefaka noted that some centres have started the conversion already. “If you take your vehicle to some of the centres like the one commissioned yesterday (Tuesday), technicians and original equipment manufacturers are there so you can bring your vehicles for conversion to start running on gas.”

He also said 50 conversion centres will be upgraded and by January 2021, there will be conversion centres across the six geopolitical zones of the country.

The minister’s aide said the move will reduce carbon emissions as well as the demand for petrol.

The government had also said it would convert one million vehicles to run on autogas before the end of 2020.

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Alleged N110bn Fraud: Court Adjourns Yahaya Bello, Other’s Bail Ruling To December 10

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The Federal High Court in Abuja has adjourned to December 10 for a ruling on the bail application by the immediate past Governor of Kogi State, Yahaya Bello, and two others.

Bello had pleaded not guilty to the 16-count charges brought against them by the Economic and Financial Crimes Commission.

The former governor, along with Umar Oricha and Abdulsalami Hudu, are being prosecuted as the 1st to 3rd defendants, respectively, in a fresh N110bn 16-count charge instituted against them by the EFCC.

Bello, the 1st defendant, vehemently denied the allegations before Justice Maryanne Anenih as they were read out to them.

After taking their plea, the Defendant’s Counsel, Joseph Daudu, moved an application for bail.

However, the EFCC Counsel, Kemi Pinheiro, opposed the application, arguing that it had expired in October.

Clarifying the issue, the Defendant’s Counsel stated that the only relevant application before the Court was the motion for bail in respect of the first defendant, which was filed on November 22.

Relying on all the paragraphs of the affidavit, he added that the bail application was also supported with a written address.

Justice Anenih ordered that the defendants be remanded in the custody of the EFCC.

The EFCC had filed an N110bn alleged fraud suit against the former governor.

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JUST IN: Court Remands Yahaya Bello In EFCC Custody Amid Alleged N110bn Fraud Case

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The Federal Capital Territory (FCT) High Court has remanded Yahaya Bello, former governor of Kogi, in the custody of the Economic and Financial Crimes Commission (EFCC).

Bello was arraigned on a 16-count charge related to alleged money laundering on Wednesday.

He pleaded not guilty to all the charges.

 

More to come…

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First Phase Of 10,800-Bed Hostel In LASU Ready — Tokunbo Wahab

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The first phase of a 10,800-bed hostel project at the Lagos State University (LASU) is now ready for inauguration, according to Tokunbo Wahab, former special adviser to the governor on education.

Wahab, who is now commissioner for environment and water resources in Lagos, describes the project as ambitious and transformative.

“ It remains one of the most ambitious and transformative projects undertaken during my time as the Special Adviser to the Governor on Education,” he wrote on X.

“It was executed through a Public-Private Partnership (PPP) model under a Build-Operate-Transfer (BOT) arrangement which involves seven reputable investors.”

Wahab commended Babajide Sanwo-Olu, Lagos governor, for his leadership and continuous support.

“Proud of the work done here and to have been a part of this special one,” he added.

“Through the grace of God and the unwavering support and the dedication of the Lagos State Office of Public-Private Partnerships, the relentless efforts of the management staff of LASU, led by Vice Chancellor Prof. Ibiyemi Olatunji-Bello, and the cooperation of other key stakeholders, the first phase of this landmark project has now been completed.”

Wahab emphasized that the project showcases the state government’s commitment to leveraging public-private partnerships to address critical infrastructure needs in the education sector.

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