Connect with us


BIG STORY

Buhari, Five African Presidents To Commission Dangote Petroleum Refinery [PHOTOS]

Published

on

In an epoch-making event that will positively transform Nigeria’s oil and gas sectoral landscape, President Muhammadu Buhari will today commission Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-Lekki, Lagos; alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad.

Promoted by Africa’s richest man, Aliko Dangote, the petroleum refinery with a capacity to process 650,000 barrels per day (bpd) is sitting on 2,635 hectares of land located in Dangote Industries Free Zone in Ibeju-Lekki, Lagos, and will provide employment to over 100,000 persons. The coming onstream of the gigantic project is expected to mark Nigeria’s exit from the league of oil-rich nations that are heavy importers of petroleum products.

Expected at the historic event apart from international dignitaries are the Presidents of Togo, Gnassingbé Eyadéma; Ghana’s Nana Akufo-Addo; President of Senegal, Macky Sall; President of Niger Republic, Mohamed Bazoum, President of Chad, Mahamat Déby and a host of ambassadors, President Paul Kagame of Rwanda, who will not be physically present, will present his goodwill message virtually.

As at the time of filing this report, all the 36 state governors and most of the governors-elect, ministers, senators, and captains of industries in Nigeria and others from outside the country, global oil traders, top international bankers, international multilateral agencies have indicated their readiness to grace the ceremony.

Nigeria’s President-Elect, Bola Ahmed Tinubu whose administration as the governor of Lagos in 2002 floated the Free Trade Zone in Ibeju-Lekki where the Refinery is located, is expected to be at the event.

The commissioning of Dangote Petroleum Refinery is significant given that it is the first time that a refinery of such magnitude built by an individual is being commissioned.

Dangote’s petroleum refinery is expected to meet the needs of Nigerian consumers and those in neighbouring countries, while allowing for exports beyond the African continent. The refinery will drive the promotion of the African Continental Free Trade Area (AfCFTA) as over 50 countries in the trade bloc depend on imported refined petroleum products.

According to the Facts Sheet on Dangote Petroleum Refinery, the new Refinery can meet 100% of the Nigerian requirement of all refined products (Gasoline, 53 million litres per day; Diesel, 34 million litres per day; Kerosene, 10 million litres per day, and Aviation Jet, 2 million litres per day) and also have surplus of each of these products for export.

“The refinery is designed for 100% Nigerian Crude with flexibility to process other crudes. It has self-sufficient marine facility with ability for freight optimisation, and the largest single order of 5 SPMs anywhere in the world. Diesel and Gasoline Products from the refinery will conform to Euro V specifications.

“The refinery design complies with World Bank, US EPA, European emission norms and Department of Petroleum Resources (DPR) emission/effluent norms. State-of-the-art technology. Designed to process large variety of crudes including many of the African Crudes, some of the Middle Eastern Crudes and the US Light Tight Oil,” the Facts sheet added.

It also stated: “65 Million Cubic Metres of sand dredged costing approximately Euros 300 million, using the world’s largest, the second largest and the tenth largest dredgers to elevate the height by 1.5 metres, to insure against any potential impact of increase in mean sea level due to global warming. Bought over 1,209 units of various equipment to enhance the local capacity for site works.

“332 cranes to build up equipment installation capacity. Built the world’s largest granite quarry to supply coarse aggregate, stone column material, stone base, stone dust & material for break water. (10 million tonnes per year production capacity).

“Developed a port and constructed two quays with a load bearing capacity of 25 tonnes/ sq metres to bring Over Dimensional Cargoes close to the site directly. The company also constructed two more quays in the port with a capacity to handle up to Panamax vessels to export fertiliser and petrochemicals and two quays to handle liquid cargoes. The port will thus have 6 quays, including a Roll-on/Roll-off quay”, the sheet added.

BIG STORY

Wike’s Verbal Assault On Soldier Undermines National Security, He Must Apologise — Buratai

Published

on

Former Chief of Army Staff, Lt. Gen. Tukur Buratai (rtd), has condemned the Minister of the Federal Capital Territory (FCT), Nyesom Wike, over a recent confrontation with military personnel at a disputed land site in Abuja.

Videos circulating on social media on Tuesday showed Wike in a heated exchange with uniformed officers during an inspection of the land in question.

In a statement released on Wednesday, Buratai described the altercation as a direct “threat to national security,” warning that it requires “immediate and serious response” from relevant authorities.

“His public disparagement of a uniformed officer of the Nigerian Armed Forces transcends mere misconduct; it represents a palpable threat to national security and institutional integrity,” Buratai said.

He added that “a minister’s verbal assault on a military officer in uniform is an act of profound indiscipline that strikes at the core of our nation’s command and control structure.”

Buratai further explained that such behaviour “deliberately undermines the chain of command, disrespects the authority of the Commander-in-Chief, and grievously wounds the morale of every individual who serves under the Nigerian flag.”

He warned that “such actions erode the very foundation of discipline upon which our national security apparatus stands,” stressing that it should not be treated as “political theatre.”

“This is a reckless endangerment of national order. This action by Wike is clearly an indication of undermining the federal government’s authority,” he said.

The former army chief called on Wike to publicly apologise to President Bola Tinubu, the Commander-in-Chief of the Armed Forces, and to the military officer involved in the incident.

“Our nation’s security must come first. It is time for decisive action, not politics of military bashing. The integrity of our Armed Forces demands nothing less,” Buratai added.

Continue Reading

BIG STORY

Senate Panel Rejects NNPCL’s Position On ‘Unaccounted’ N210trn, Demands To See Ojulari

Published

on

The Senate Committee on Public Accounts has dismissed the written explanations submitted by the management of the Nigerian National Petroleum Company Limited (NNPCL) regarding the “unaccounted” N210 trillion uncovered in its audited financial statements between 2017 and 2023.

On October 7, the committee chairman, Senator Aliyu Wadada, confirmed that the NNPCL had responded to all 19 audit queries raised about its finances. The review followed findings from the Office of the Auditor-General of the Federation, which highlighted significant discrepancies in the company’s books.

According to the audit report, N210 trillion could not be properly accounted for — comprising N103 trillion listed as liabilities and N107 trillion as assets.

Despite being scheduled to appear before the committee on Tuesday, the NNPCL management failed to show up, opting instead to send a written response. The decision drew sharp criticism from lawmakers, who accused the company of avoiding accountability.

Describing the company’s action as “offensive evasiveness,” Senator Wadada said the committee would no longer accept written submissions or representatives appearing on behalf of Bayo Ojulari, the Group Chief Executive Officer (GCEO) of NNPCL.

“Today, November 11, 2025, was a date chosen by NNPC,” Wadada said. “It is rather unfortunate that none of the officials of NNPC is here on a date they themselves chose. The public has been waiting for this. It is important that we keep Nigerians informed.”

He said the committee would proceed with its findings based on the documents already submitted, noting that the company’s explanations raised major red flags over claims of N103 trillion in accrued expenses and N107 trillion in receivables, totalling N210 trillion.

Wadada further stated that the submissions made by NNPCL contradicted evidence already in possession of the committee. “NNPC claimed N103 trillion as accrued expenses and N107 trillion as receivables—amounting to N210 trillion,” he said. “On question eight, NNPC’s explanation on the N107 trillion receivables — equivalent to about $117 billion — contradicts available facts and evidence provided by NNPC itself. The committee is duty-bound to reject this.”

He also questioned the credibility of the company’s claim that it paid N103 trillion in cash calls in 2023 alone, pointing out that its total crude oil revenue between 2017 and 2022 was only N24 trillion. “Cash call arrangements were abolished in 2016 under the Buhari administration,” he said. “How can NNPC claim to have paid N103 trillion in one year when it only generated N24 trillion in revenue over five years? Where did NNPC get that money?”

The senator added that the alleged N103 trillion must be remitted to the federal treasury pending proper clarification from the company.

Wadada also dismissed NNPCL’s justification for the N107 trillion in receivables, which it partly attributed to funds supposedly held in defunct banks. “No bank or amount was named. This lack of transparency is unacceptable,” he said.

He disclosed that the committee might summon former officials of both NNPCL and the National Petroleum Investment Management Services (NAPIMS) to provide further clarification, stressing that NAPIMS, by law, is not permitted to operate an independent account.

Wadada warned that future committee invitations must be honoured in person by the NNPCL chief executive, stating, “At any point this committee invites NNPC; the chief executive must appear in person. Being out of the country will no longer be accepted as an excuse.”

Continue Reading

BIG STORY

Tinubu Sends Delegation To UK To Negotiate Ekweremadu’s Transfer To Nigeria

Published

on

President Bola Tinubu has dispatched a high-level delegation to London to open discussions with British authorities on the case of former Deputy Senate President, Ike Ekweremadu, who has been in a UK prison since March 2023.

The delegation includes Yusuf Tuggar, Minister of Foreign Affairs, and Lateef Fagbemi, Attorney General and Minister of Justice. Both officials arrived in London on Monday and held meetings with senior officials of the United Kingdom’s Ministry of Justice.

Confirming the development, Alkasim Abdulkadir, spokesperson for the Foreign Affairs Minister, told TheCable on Tuesday that the visit was aimed at consulting with British authorities on the possibility of Ekweremadu completing his remaining prison term in Nigeria.

The Ekweremadu Case

Ike Ekweremadu and his wife, Beatrice, were arrested by the London Metropolitan Police in June 2022 after a young man was allegedly misrepresented as a cousin to their daughter, Sonia, in a bid to carry out a kidney transplant at the Royal Free Hospital in London.

The 21-year-old donor had informed police in May 2022 that he was brought into the United Kingdom under false pretences for an organ transplant and had been promised work in the country.

Following a full trial, a UK court in March 2023 found the former deputy senate president guilty of organ trafficking, alongside his wife and a Nigerian doctor, Obinna Obeta. The conviction marked the first of its kind under the United Kingdom’s Modern Slavery Act.

On May 5, 2023, the court sentenced Ekweremadu to nine years and eight months in prison, while his wife received a four-year, six-month sentence. Obeta, the medical doctor involved, was handed a 10-year sentence.

In his ruling, Justice Jeremy Johnson directed that Beatrice Ekweremadu should serve half of her sentence in custody and the remainder on licence.

However, in January 2025, Beatrice was released from prison and returned to Nigeria. Her husband, meanwhile, continues to serve his term in a UK correctional facility.

The Nigerian government’s recent intervention seeks to explore diplomatic and legal frameworks that could allow Ekweremadu to complete his sentence within Nigeria’s correctional system.

Continue Reading


 

 


 

 

 

 

Join Us On Facebook

Most Popular