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Former Minister of Petroleum Resources, Diezani Allison Madueke has finally spoken on several allegations of financial impropriety levelled against her by the Economic and Financial Crimes Commission, EFCC.

Diezani said she never stole Nigeria’s money.

The former Minister made the claim in a statement she issued yesterday.

She said the anti-graft agency was taking advantage of her silence to try and convict her in the media hence her response.

Recall that the EFCC had alleged that Diezani Alison-Madueke, a former minister of Petroleum Resources, by an order of a Federal High Court has forfeited $153.3 million to the Federal Government.

Diezani’s statement, which was made available to newsmen in Abuja, reads, “I wish to state I cannot forfeit what was never mine.

“I do not know the basis on which the EFCC has chosen to say that I am the owner of these funds as no evidence was provided to me before the order was obtained, and they have not, in fact, served me with the order or any evidence since they obtained it.”

“Let me re-state categorically as I have always maintained, for the record, I have not and will never steal money from or defraud the Federal Government of Nigeria. I am willing to respond to charges brought against me that follow duly laid down procedures,” she said.

The former Minister dared the EFCC to without further delay, publish details of the Nigeria National Petroleum Corporation, NNPC’s accounts from where the said $153.3 million was taken.

She also said that the report that Italian prosecutors indicted her for sharing in the loot of the $1.3 billion OPL 245 oil block deal, which involved Malabu and the Joint Venture Multinational partners, ENI (AGIP) and Royal Dutch was false.

She continued, “Let me once again state for the record that this is another figment of the author’s imagination, which, given the persistent bid to ensure my destruction and stick all of the sins of the corruption that plagued oil and gas sector in the last 30 years upon my head, probably emanated from the EFCC itself.

“Let me clear the history of OPL 245, otherwise known as Malabu. You will find a full chronology in the attached report that I made to the House of Representatives in late 2011 (Annex 2A/Annex-2B).

“In 2010, shortly after I was appointed as Minister of Petroleum Resources, the issue of OPL 245 was brought to my attention. I looked into the case and immediately became aware of the inherent and long standing sensitivities around this issue.

“It became clear from the onset that this case was not within the direct purview of the Minister of Petroleum Resources, but, in the main, was centered around issues of law.

“By this time, there was already an International Centre for Settlement of Investment Dispute (ICSID) investigation and claims against the FGN running into billions of dollars.

“Therefore, we took directives from the Chief Legal Officer of the nation; the Attorney General and Minister of Justice. In all of these matters due process was followed to the letter at all times.

“I wish to categorically state that I have never held any discussions on this matter, with any individuals or entities outside of official channels.

“As Minister of Petroleum Resources, I did not participate in any activity relating to financial payments on the Malabu matter, other than those statutorily mandated to the Minister of Petroleum Resources by the Petroleum Act.

“My role in this matter was purely a statutory, one as required by law in the Petroleum Act 3.

“In response, I have chosen not to insult, accuse or demonise any person or persons. In spite of all the allegations that have been made against me, not one has been factually proven.

“I remain very proud of the fact that all the policies, tenets and plans that I initiated in the oil and gas sector are still underpinning the entire structure. This is because they were put in place with the good of the entire nation and its people in mind.

“They were not factional or tribal, neither were they based on religious bias.

“I am a woman from the Niger Delta, who, through perseverance and sheer hard work rose to one of the highest positions in the country’s premier International Oil Company, and in tune with my ethos of hard work, I earned the prestigious British Foreign and Commonwealth Chevening Scholarship Award and was, thereafter, admitted to my MBA programme at the World renowned Cambridge University,” she said.

BIG STORY

NCC Unveils Initiative To Combat Fraud, Spam Messaging

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The Nigerian Communications Commission has unveiled a draft regulatory framework aimed at addressing fraud, spam, and other challenges in the “Application-to-Person” messaging sector.

The telecom regulator made this announcement in a statement on Friday.

The proposed framework was introduced during a virtual Stakeholders’ Forum, a key step towards enhancing the sector’s integrity and ensuring a fair, transparent environment for all parties involved.

The draft framework, presented by the acting Head of Legal and Regulatory Services at the NCC, Mrs. Chizua Whyte, on behalf of the Executive Vice Chairman, Dr. Aminu Maida, seeks to regulate the A2P messaging space.

A2P messaging, used for notifications such as bank alerts, promotional campaigns, and government updates, has become a vital communication tool in Nigeria.

However, the sector faces significant challenges, including consumer protection concerns, fraud, and data privacy issues, as well as an unequal distribution of value within the ecosystem.

“The international A2P messaging space in Nigeria faces gaps that have led to issues such as fraud, spam, and data privacy concerns. These challenges threaten the sustainable growth of this communication tool,” the NCC said.

The regulator emphasised its commitment to fostering innovation while ensuring a secure, transparent environment for businesses, consumers, and service providers.

The proposed framework aims to address these challenges by protecting consumers, promoting fair competition, and holding service providers accountable.

“This forum marks a pivotal step towards addressing these challenges,” the NCC said. “We are here to engage with all stakeholders—operators, aggregators, businesses, service providers, and consumers—to refine the framework and ensure it meets the needs of the entire ecosystem.”

The NCC stressed the importance of inclusivity and collaboration in creating an effective regulatory environment.

The commission’s efforts are focused on promoting a sustainable A2P messaging ecosystem that enables business innovation, enhances communication efficiency, and supports Nigeria’s socio-economic growth.

Stakeholders were encouraged to provide feedback and contribute ideas during the forum to help shape the final framework.

The NCC reiterated its commitment to creating a regulatory environment that supports innovation while safeguarding the interests of all stakeholders in the A2P messaging sector.

For further updates, the NCC urged stakeholders to remain engaged throughout the regulatory process, stressing the importance of cooperation in shaping the future of A2P messaging in Nigeria.

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BIG STORY

JUST IN: Oil Marketers Reduce Petrol Price By 11.8% To N939.50 Per Litre

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Oil marketers sourcing “Premium Motor Spirit”, “PMS”, also known as petrol, from the Dangote Petroleum Refinery have reduced the price by 11.8 percent to N939.50 per litre, down from N1,060 per litre.

As of Thursday, December 19, petrol was still being sold at N1,060 per litre in Lagos and surrounding areas.

However, by Friday, MRS, a leading marketer, along with others, had adjusted their prices, now selling at N939.50 per litre.

It’s worth noting that the Dangote Petroleum Refinery had earlier lowered the ex-pump price of petrol to N899.50 per litre, down from N970 per litre.

According to the refinery, this price reduction is intended to offer much-needed relief to Nigerians ahead of the holiday season.

Anthony Chiejina, the Chief Branding and Communications Officer of Dangote Group, made this announcement.

“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on “PMS” (“petrol”). From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM,” Chiejina said.

‘‘Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.”

 

More to come…

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BIG STORY

EFCC Allocates N18bn For Allowances, N5bn For Travels In Proposed 2025 Budget

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The Economic and Financial Crimes Commission (EFCC) has announced plans to allocate N18 billion for allowances in 2025.

This figure is part of the proposed 2025 budget currently under consideration and awaiting approval by the national assembly.

As per the appropriation bill, the EFCC’s total budget for 2025 stands at approximately N62.2 billion.

This budget includes personnel costs (N38.6 billion), overheads (N20.9 billion), and capital expenditure (N2.2 billion).

Within the allowance budget, N1.7 billion is designated for “non-regular allowances,” while “regular allowances” are set at N16.7 billion.

Other proposed expenditures for the EFCC include welfare packages (N1.4 billion), fuel and lubricants (N2 billion), financial charges (N1.2 billion), construction and provision of office buildings (N1.1 billion), and maintenance services (N2.1 billion).

The EFCC also plans to allocate N4.9 billion for “local travel and transport,” with “international travel and transport” expected to cost N1.7 billion.

The proposed budget includes N800 million for the purchase of fixed assets.

On Wednesday, President Bola Tinubu unveiled the N49.7 trillion 2025 “Budget of Restoration: Securing Peace and Rebuilding Prosperity.”

In his address to the national assembly, Tinubu stated that it was time “we rewrite Nigeria’s narrative together.”

The primary focus of next year’s budget will be the defence, infrastructure, health, and education sectors.

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