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Fuel Scarcity Paralyses States As Stations Run Out Of Petrol

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A lot of gas stations in Nigeria are still not dispensing Premium Motor Spirit, popularly called petrol,  this has worsened the nationwide fuel scarcity and paralysed activities across the country on Wednesday.

In Abuja, Lagos, Rivers, Bayelsa, Kwara, Nasarawa, Niger, Kano, Ogun states, among others, queues by motorists for petrol greeted the very limited number of filling stations that dispensed the commodity.

The crisis caused by the adulterated petrol imported into Nigeria about two weeks had led to a hike in the cost of the commodity in many states, as black marketers of the PMS also cashed in on the development.

In Abuja and parts of Niger and Nasarawa, for instance, black marketers sold petrol for as high as N6,000 for 10 litres, translating to N600 per litre.

The cost of transport fares skyrocketed nationwide, and many small businesses were grounded due to the inability of the owners of the ventures to access petrol to run their activities.

Meanwhile, oil marketers also restated on Wednesday they were making moves to start blending the adulterated PMS since the Nigerian National Petroleum Company Limited had yet to recall all the contaminated products.

The NNPC had stated on Tuesday it was working hard to address the situation, as it noted that over 2.3 billion litres of PMS would arrive in the country between now and the end of February 2022.

This, it said, would restore sufficient volume and above the national target of 30 days.

“As of today, the NNPC has over one billion litres of petrol in stock, and the PMS being dispensed today at the various filling stations in the country is safe,” the oil firm said in a statement issued in Abuja.

But despite the NNPC’s promises, the queues across the country persisted and the cost of petrol continued to rise above the official rate of N165/litre.

In Ogun State, residents and traders in Abeokuta and some parts of the state lamented the hardship experienced over the scarcity of fuel in the state.

Most of the filling stations in the capital and its environs were either shut to customers or increased the pump price of the commodity.

Many residents and traders complained that they could not carry out their business activities due to the scarcity, which also forced an increase in transport fares and commodities.

In Kwara State, the scarcity paralysed economic activities in Ilorin, the state capital, as most commercial and private vehicles were off the roads with many commuters stranded.

The few filling stations that dispensed fuel were jam-packed by motorists in Ilorin, as transport fare increased by about 300 per cent for intra-city transportation, while inter-city fares doubled.

Meanwhile, the anti-vandal unit of the Nigeria Security and Civil Defence Corps which went out to monitor the fuel situation on Wednesday said that it had ordered petrol stations that hoarded fuel to dispense it.

In River State, the scarcity of petrol in Port Harcourt and other parts of the state caused a sudden rise in transport fares, leaving many commuters stranded.

Findings by our correspondent on Wednesday showed that petrol sold for N250 per litre in some filling stations, while long queues were seen in the few outlets that dispensed products.

READ ALSO: Abba Kyari May Spend More Days In Detention As NDLEA Goes To Court

As a result, fewer vehicles were seen on the roads, while commuters were seen trekking to their destinations.

In Plateau State, the scarcity that resurfaced in Jos in the past one week persisted and grew worse on Wednesday with many motorists and residents lamenting the situation.

Findings also showed that the price of the product had increased to between N175 and N200 per litre in the few filling stations that had the products.

Many commuters were also stranded on various roads, as a result of very few available taxi drivers plying the routes.

A motorist, Giwa Johnson, said he spent over eight hours in the queue trying to buy fuel at a filling station along the Yakubu Gowon Way in Jos, describing his experience as terrible.

In Bayelsa State, the fuel scarcity also hit several towns and queues grew at filling stations around Yenagoa, the capital city, and its environs on Wednesday.

Checks indicated that the shortage of petrol had occasioned an increase in the pump price of petroleum products in the state.

Some of the petrol stations along the ever-busy Mbiama-Yenagoa Road and the Isaac Boro Expressway did not open for business on Tuesday and Wednesday, as consumers suspected that they might be hoarding the product.

A few black markets were, however, sighted along the Isaac Boro Expressway selling a 10-litre jerrycan of fuel for N2,000 and 20 litres for N4,000.

In Benue State, the fuel scarcity continued on Wednesday as black marketers took over the streets of Makurdi, the capital city.

Our correspondent who went round the major areas of the state capital reported that most fuel stations had no product to dispense. At Jenny, Gabrow and Rain Oil located within Makurdi metropolis, long queues were observed, while some other fuel stations were under lock and keys.

A motorist, who simply identified herself as Charity, said she had been on the queue at Jenny filling station for two hours and had yet to get the product at the time she spoke to our correspondent.

BIG STORY

US Court Sends British-Nigerian To Seven Years In Jail Over $5m Cyber Fraud

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Oludayo Adeagbo, a British-Nigerian, has been sentenced to seven years in prison for his role in a multimillion-dollar business email compromise (BEC) scheme.

According to the US Department of Justice, Adeagbo, who also goes by John Edwards and John Dayo, conspired with others to steal over $3 million from various entities in Texas, including local government bodies, construction companies, and a Houston-area college.

Adeagbo and his co-conspirators also defrauded a North Carolina university of more than $1.9 million.

The case began in August 2022 when Adeagbo and two other Nigerian citizens, Donald Echeazu, 42, and Olabanji Egbinola, 44, were extradited from the United Kingdom (UK), where they had been residing, to face charges of conspiracy, wire fraud, and money laundering.

The US Department of Justice stated that the offences were committed in North Carolina, Texas, and Virginia.

On April 8, Adeagbo pleaded guilty in two cases against him in North Carolina and Texas for participating in a business email compromise scheme, which is also referred to as a “cyber-enabled financial fraud” scheme.

A business email compromise scheme can be initiated by scammers creating fake accounts that mimic companies a business regularly deals with.

Court records revealed that Adeagbo and his co-conspirators gathered information about significant construction projects across the United States, including a multi-million-dollar project at a university in North Carolina.

“To execute the scheme, Adeagbo, Echeazu, and others registered a domain name similar to that of the legitimate construction company in charge of the university’s project and created an email address that closely resembled that of an employee of the construction company,” the Department of Justice said.

“Using the fake email address, the fraudsters deceived and directed the university to wire a payment of more than $1.9 million to a bank account controlled by an individual working under the direction of Adeagbo and his co-conspirators.”

Adeagbo and his co-conspirators employed the same tactics in Texas, targeting local government entities and universities by impersonating construction companies. They stole over $3 million from the scheme, bringing their total haul to $5 million.

Adeagbo has been ordered to pay $942,655.03 in restitution and will serve seven years in prison.

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BIG STORY

Nigerian-American Oye Owolewa Re-Elected To US Congress

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Oye Owolewa, a Nigerian-American Democrat, has been re-elected as the shadow representative for the District of Columbia (DC).

Owolewa, a PhD graduate from Northeastern University in Boston, made history in November 2020 when he became the first Nigerian-American elected to Congress.

He secured 164,026 votes, or 82.84 percent of the total votes cast in DC.

His role, while not officially recognized by the US government as a full member of Congress, is to advocate for the district’s interests, particularly its bid for statehood.

On Thursday, Owolewa expressed his gratitude to DC voters via a post on X, thanking them for their continued support.

“Thank you DC again for giving me chance to serve. I also want to thank the organizations that have supported, partnered with and endorsed me,” he wrote.

While shadow representatives like Owolewa do not have voting power in the US House of Representatives, they play a key role in pushing for recognition and state-level advocacy for DC residents, who are otherwise disenfranchised at the federal level.

Owolewa has consistently championed the cause of DC statehood, which has become a central focus of his work.

The re-election took place on November 5, the same day as the US presidential election.

In that election, former President Donald Trump defeated Vice-President Kamala Harris, securing over 270 electoral votes to win a second term.

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BIG STORY

Joe Biden Urges Americans To Accept Trump’s Victory, Promises Peaceful Transition

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United States President Joe Biden has urged Americans to accept the victory of Republican Party candidate Donald Trump in the presidential election.

On November 6, Trump won the presidential election after surpassing the magic number of 270 electoral college votes.

Trump defeated Kamala Harris of the Democratic Party, who received 219 electoral college votes.

Harris has congratulated Trump on his electoral victory.

During a speech on Thursday at the White House Rose Garden, Biden said, “We accept the choice the country made.”

“I know for some people, it’s time for victory to state the obvious. For others, it’s a time of loss,” the US president said.

“Campaigns are contests of competing visions. The country chooses one or the other.

“I’ve said many times, you can’t love your country only when you win. You can’t love your neighbour only when you agree.

“I will do my duty as president. I’ll fulfil my oath and honour the Constitution. On January 20, we will have a peaceful transfer of power here in America.

“Remember, defeat does not mean we are defeated. We lost this battle. The America of your dream is calling for you to get back up.

“The America experiment endures. We are going to be okay, but we need to stay engaged. We need to keep going. Above all, we need to keep the faith.”

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