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Weeks To May 29 Handover, Timipre Sylva Resigns As Petroleum Minister

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Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, has resigned to seek governorship aspiration in Bayelsa state on the All Progressive Congress (APC) platform.

The state primary election is scheduled to take place on April 14, 2023.

According to Reuters, Sylva wrote his resignation letter last week to President Muhammadu Buhari but was kept private.

Sylva’s resignation comes at a time of political transition in Nigeria, with President Muhammadu Buhari serving his final weeks in office before giving way to President-elect Bola Tinubu on May 29.

Sylva could not be reached for comment and the petroleum ministry declined to comment.

Sylva served as governor of Bayelsa for one full term between 2008 and 2012.

At the time, he was a member of the People’s Democratic Party, which was then in power at the federal level but is now in opposition.

Appointed junior oil minister in August 2019, Sylva oversaw major reforms in the oil sector, including the passing of legislation that overhauled the sector’s fiscal regime in a bid to spur investment.

During his time as minister, Nigeria’s oil output fell to its lowest in decades due to crude theft and pipeline vandalism.

Angola overtook Nigeria as Africa’s biggest oil producer and exporter for a few months last year.

BIG STORY

Army To Probe Officers Over “Assault Of Couple” In Abuja [VIDEO]

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The Nigerian Army has promised to probe officers allegedly involved in the assault of a couple in Abuja.

On Tuesday, a video of some soldiers, including a “major general,” seemingly beating up a couple in the nation’s capital city, went viral.

Eyewitnesses said the soldiers stopped the couple for “unlawfully overtaking” their convoy.

The video showed men in military uniforms hitting the man as his wife hollered and protested.

“How did I bash your car? Oh God!!” the man said as he took one punch after another while writhing in pain.

Blood could be seen dripping from the man’s forehead following a slap from a soldier.

The couple said after the assault, the “major general” and his aide handcuffed them, shoved them into the trunk of a car, from where they were whisked to the Gwarimpa police station.

The soldiers reportedly ordered police officers to detain the couple indefinitely.

  • ‘CIRCUMSTANCES LEADING TO INCIDENT UNCLEAR’

In a statement on Wednesday, Onyema Nwachukwu, army spokesperson, said Olufemi Oluyede, the acting chief of army staff, has ordered an immediate investigation of the incident.

“The attention of the Nigerian Army (NA) has been drawn to a viral audio-visual recording circulating on social media platforms, purportedly showing a senior Army officer and 2 other soldiers in an altercation with a man and woman within the Abuja metropolis,” the statement reads.

“The circumstances leading to this incident are not clear at the moment.

“However, the Acting Chief of Army Staff, Lieutenant General Olufemi Oluyede, has ordered an immediate investigation to unravel the true circumstances surrounding this altercation.

“The NA remains committed to serving and protecting all law-abiding Nigerians as enshrined in the Constitution of the Federal Republic of Nigeria.

“Therefore, we urge the public to be rest assured that due diligence will be applied to reach a logical conclusion on this matter.”

 

See video below:

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BIG STORY

Dangote Sells Fuel Refined From Crude Oil Bought In Naira To Foreign Markets In Dollars — Bloomberg Report

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Investigation reveals that “businessman” Aliko Dangote has signed a contract with “Vitoil” for 5 cargoes of 38,000 metric tonnes per cargo.

One of them is the “CL Jane Austen” tracked by Bloomberg.

The Dangote Refinery has altered the federal government’s petrol supply plan as it began the sale of fuel in dollars to the foreign market, with a vessel (tanker/cargo) already having hauled the product from the refinery to waters off Togo.

The crude oil from which the product was refined was sold to the refinery established by Africa’s richest man in Naira through a government’s template that began in October.

The private refinery, a report by Bloomberg showed, has signed a contract with “Vitoil” for 5 cargoes of 38,000 metric tonnes per cargo.

Investigation by Bloomberg showed that the tanker named “The CL Jane Austen” recently loaded more than 300,000 barrels from Dangote.

The tanker sailed west, according to data from Vortexa, Kpler, Precise Intelligence, a port report, and ship-tracking data compiled by Bloomberg.

“It’s now floating off the coast of Lome, a popular area for ship-to-ship transfers,” the report added.

President Bola Ahmed Tinubu ordered the sale of crude oil to Dangote Refinery in Naira, an order that has been confirmed to have been implemented by the Nigerian National Petroleum Company Limited (NNPCL).

Meanwhile, the new fuel supply deal between Dangote Refinery, which benefited from the crude oil sale in Naira, and “Vitol” is being carried out in dollars.

While the shipment is tiny in the context of the global gasoline market, it signals the ramp-up of Dangote’s production and the potential to export significant volumes of gasoline beyond Nigeria, which could upend regional markets.

The refinery last month shipped its first seaborne fuel cargo to the nearby commercial hub of Lagos.

Whether large amounts of Dangote’s fuel output end up being exported remains to be seen.

A Dangote spokesperson didn’t respond to a request for comment.

Last month, Nigeria ended its state-owned oil company’s monopoly on buying the fuel from the plant for domestic use.

Meanwhile, the country continues to import fuel from Europe and the US.

It’s also not certain where the “CL Jane Austen’s” cargo will ultimately end up.

Although it’s off Togo, the area is often used for STS transfers, meaning the fuel could subsequently be taken elsewhere.

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BIG STORY

Would You Say This If Your Father Was In Government? — El-Rufai’s Wife Tackles Son Over Negative Comments On Tinubu

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Hadiza, the wife of Nasir el-Rufai, former governor of Kaduna, has criticized her son, Basir, for his comments about President Bola Tinubu’s administration.

The two members of el-Rufai’s family exchanged words on X on Tuesday after Bashir claimed that “a mental illness” was “permeating” Tinubu’s media team, following the presidency’s recent attack on former President Olusegun Obasanjo.

On Sunday, Obasanjo referred to the 2023 elections as a “travesty” and suggested that Nigeria should appoint new, credible leaders for the Independent National Electoral Commission (INEC) with short tenures to prevent corruption and restore trust in the institution.

The presidency took offense at Obasanjo’s comments and questioned his moral authority to make such a statement.

Bayo Onanuga, spokesperson for President Bola Tinubu, responded by stating that Obasanjo had overseen the most fraudulent election in Nigeria’s history and that subsequent administrations had been grappling with the “poor choices in economic management made” during his tenure.

In his post, Bashir criticized Tinubu’s media team as “ineffectual clowns” for attacking Obasanjo while “inflation is at 33 percent.”

The post sparked several reactions, including one from Hadiza. The former first lady of Kaduna questioned Bashir, asking if he would “be saying this if your father were part of this government?”

Bashir responded, stating that his father “would have resigned by now due to the failure of the administration.” He added that El-Rufai would have “dissociated” himself from the government.

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