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Breaking: There will be a marginal reduction in the pump price of petrol as PH refinery set to start operation next month, Says IPMAN and MEMAN

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The Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction in the pump price of Premium Motor Spirit, popularly called petrol, produced from the Port Harcourt Refining Company once the plant begins operations next month.

IPMAN and MEMAN also declared their readiness to load products from the facility, as they urged the Nigerian National Petroleum Company Limited to fulfill its promise of pumping put refined products from the plant in two weeks time.

On Friday, The PUNCH reported that the Group Managing Director, NNPCL, Mele Kyari, announced that the Port Harcourt refinery would commence operations in about two weeks time.

Kyari, who appeared before the Senate Ad-hoc Committee investigating the various Turn Around Maintenance projects of refineries, revealed that mechanical works had been completed on the Port Harcourt, Warri, and Kaduna refineries, stressing that the Kaduna refinery would commence operations in December.

“We did a mechanical completion of the (Port Harcourt) refinery, that was what we said in December. We now have crude oil already stocked in the refinery. We are doing regulatory compliance tests that must happen in every refinery before you start it, and I assure you that this Port Harcourt refinery will start in the next two weeks.

“Completing the mechanical work means that you are done with the rehabilitation work, now you have to test to see how it works. Of course, we have also completed the mechanical work on the Warri refinery.

“It is also undergoing regulatory compliance; processes that we are doing with our regulator, and this will soon be completed and it will be ready. The Kaduna refinery will be ready by December. We have not reached that stage in Kaduna, but we promise Kaduna will be delivered by December,” Kyari had explained.

Reacting to this on Monday, the National President, IPMAN, Abubakar Maigandi, told our correspondent that marketers had been informed of the development and were ready to start lifting products.

He also stated that once products start coming out from the plant, the cost of petrol would reduce, but stressed that this would be a marginal reduction.

“As independent petroleum marketers, immediately we received the information, we told all our members to start preparing for loading, especially those in the South-South region of the country, because it is closer to them.

“So at any time they (NNPCL) say we should come and start loading, we are ready. We are just waiting for them to start,” the IPMAN president stated.

He added, “Price reduction is obvious when they start releasing products, and there will be availability because it would serve as support to the imported products. So we are expecting a change in price, for no matter how small the reduction is, it is still a reduction.

“Also, the commencement of operations there will create more employment for Nigerians. So it is a welcome development and IPMAN is happy about this, especially if products start coming out from the plant in the next two weeks as promised by NNPCL.”

On his part, the Executive Secretary, MEMAN, Clement Isong, stated that major oil marketers had been buying products from the trading arm of NNPCL, adding that this arm of the national oil firm would be in charge of the products to come out from the Port Harcourt refinery.

He noted that though the facility would not be able to provide all the volumes of petrol required by the consumers, MEMAN would definitely load from the plant by buying refined products through the trading arm of NNPCL.

“Sure, we have been buying from the trading arm of NNPCL and we will continue once products from the refinery are being released. On price reduction, this is going to be marginal, because the product is being produced in Nigeria,” he stated.

Kyari had told the Senate that over 450, 000 barrels of oil had been stocked into the Port Harcourt refinery, which means the plant is ready to deliver refined crude to the market.

“All crude lines are active and have actually delivered over 450,000 barrels into Port Harcourt refinery.

“We are confident of the integrity of it. Yes, there may be security issues, but also the government is responding to the situation,” the NNPCL boss had stated.

The Federal Government had announced in December 2023 that the mechanical completion of Port Harcourt refinery had been completed, stating that products from the plant would get to the market before the end of last year.

This, however, did not happen, as Nigerians anxiously await the production of refined petroleum products from refineries in Nigeria. Currently, Nigeria imports its refined petroleum products through the NNPCL.

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UPDATE : COUP PLOT: TIMIPRE SYLVA FLED NIGERIA, AS NIGERIA ARMY RAIDS HIS ABUJA RESIDENCE, ARRESTS HIS BROTHER

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Multiple security sources confirmed to our correspondence on Tuesday that the army raid occurred at Sylva’s home in the Maitama area of Abuja.
Some Nigerian Army personnel have raided the Abuja residence of a former governor and former Minister of State for Petroleum Resources, Timipre Sylva, in connection with an alleged coup plot currently under investigation by the Defence Intelligence Agency (DIA).

Multiple security sources confirmed on Tuesday that the army raid occurred at Sylva’s home in the Maitama area of Abuja.

According to insiders, a “special military team” carried out the operation after intelligence linked the “former South-South governor” to secret meetings allegedly held with some of the detained military officers.

“Nigerian Army special team ransacked the home of Timipre Sylva, who is believed to have fled Nigeria,” one top source familiar with the development told Newsthumb

“He is the South-South former governor frequently mentioned in the case. His brother, named Paga, was picked up during the raid. The operation also extended to his Bayelsa residence.”

Another security insider said that while no official statement had been issued regarding the raid, the action was “not random” but “a direct response to intelligence linking certain political figures to the alleged plotters.”

This development comes amid growing tension within the armed forces following SaharaReporters’ exclusive report recently, that at least 16 senior military officers had been detained incommunicado by the DIA over an alleged coup plot.

The detained officers, drawn from the Army, Navy, and Air Force, have been held for over three weeks in an undisclosed Abuja facility under what sources described as “unusual and suspicious conditions.”

Family members told our correspondence they initially believed their relatives had been kidnapped, as there was no official communication from the military regarding their arrests.

“It’s been 18 days since those 16 officers were detained in an undisclosed location. At first, we thought our brother was kidnapped before finding out what transpired from his friend who works in the NSA office,” a family member had said.

Security analysts have questioned why the DIA, an intelligence agency under the Ministry of Defence, is spearheading the investigation instead of allowing each military service to handle its personnel internally, a move seen as “highly political.”

“If the military were truly conducting a disciplinary operation, over 10,000 cases could emerge. Why only 16 officers, and why hand them to the DIA?” one retired officer asked. “This smells of politics. There’s clearly more going on behind the scenes.”

Speculations are now rife that the alleged plot and subsequent arrests may have deeper political undertones, potentially involving some former office holders with ties to late ex-President Muhammadu Buhari’s administration.

Sylva, a former governor of Bayelsa State and a close ally of late Buhari, served as Minister of State for Petroleum Resources between 2019 and 2023.

He was also the All Progressives Congress (APC) governorship candidate in the November 2023 Bayelsa election, which he lost to incumbent Governor Douye Diri of the People’s Democratic Party (PDP).

Former Petroleum Minister, Timipre Sylva who is under investigations for plotting a Military coup to topple the Government of President Bola Tinubu, fled Nigeria to Senegal from where he is to go into hiding in Argentina, a South American country.

Insiders said the former Minister fled through the creeks immediately he got wind that the coup plot had leaked.
Sylva allegedly has several businesses in Senegal and Argentina and was lobbying to be made Nigerian Ambassador to Argentina.

Highly placed sources told me that the first military officer arrested in connection with the coup plot wasted no time in naming Sylva as the arrowhead and financier of the coup plot.
The source also confirmed that about N46billion was traced to an account linked to the former Petroleum Minister.

The Abuja home of the former was raided by officials from the Defence Intelligence Agency, DIA. His brother, Paga, was picked up during the raid. This was after his Bayelsa residence had earlier been raided where incriminating evidence were allegedly found including cash in foreign denominations.

Sylva is alleged to have provided fundings for the coup operation.

 

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Gymnastics Leadership Crisis: Stakeholders Insist on Transparent and Inclusive Election

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The outgoing President of the Gymnastics Federation of Nigeria (GFN) had earlier conducted an election which was later nullified by the National Sports Commission (NSC) for failing to meet the required legal standards.

The Director General of the National Sports Commission, Bukola Olopade, has promised to address and resolve the leadership crisis currently engulfing the Gymnastics Federation of Nigeria.

This follows renewed calls by one of the chairmanship candidates, Alhaja Kafilat Olalere, who insisted on a transparent and all-inclusive election to choose the executives of the federation.

The NSC had fixed dates for fresh elections on two different occasions, but both attempts failed to materialize. This left many delegates—who had converged on Abuja over the weekend to participate in elections into various sporting federations—bewildered and dissatisfied.

Speaking during the elections of other federations under the NSC, held in Abuja, Olopade said he would meet with the two key contenders in the GFN to resolve the crisis.

However, Olalere, who is contesting for the GFN presidency against Kelvin Erunmwase, maintained that the only way to resolve the impasse is to proceed with an election.

She emphasized that only a properly conducted election—one that allows all stakeholders to participate—would be acceptable to her.

Olalere told journalists that elections into other federations had been encouraging and peaceful.

She said:

“We are just not happy that our federation’s election did not hold. That is, the Gymnastics Federation of Nigeria. We received correspondence from the Sports Commission that there would be an election on the 25th.

Every delegate who was elected and expected to vote is here. Everybody came from across the nation, only to be told that there would be no election.

But we have not been informed as to why the election is not going to hold. Hopefully, before the end of the entire election process, we will get feedback on when it will be conducted. People have come in from every state of the federation to participate, so we are still waiting. The election is still very much in process—the day is still young.”

Responding to the DG’s promise to resolve the crisis through dialogue between the two candidates, Olalere said:

“No, it has to be an election. We’ve had enough round tables and back-and-forths. The only thing that will resolve this issue once and for all is an election.

Yes, there was a round table meeting before now, but it was inconclusive. If a proposition is made and one party still disagrees, then we must go to the polls.

The election is what determines who wins and who loses. We just want everything to be transparent. We want an election, not a selection.

Stakeholders want to participate in choosing who leads them for the next four years. Disenfranchising any group will not sit well with the gymnastics community.

We need peace and harmony in the next administration, and the only way to achieve that is to allow people to exercise their constitutional right to vote for their preferred candidate.”

Other stakeholders of the Gymnastics Federation of Nigeria echoed the same position, stressing that an election is the only way out of the current logjam.

Dr. Ajibola Samson of the Nigeria Association for Physical, Health Education, Recreation, Sports, and Dance (NAPHER-SD) emphasized that the process must be inclusive, with no group under the federation left out.

Similarly, Richard Jatau (North East Representative), John Abiodun Oyewuwo (South West Representative), and Dr. Oladipo Samuel, a stakeholder from Ekiti, expressed disappointment that the GFN election did not hold as scheduled on Saturday.

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BREAKING: Tinubu replaces Service Chiefs, names Gen. Oluyede CDS

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President Bola Ahmed Tinubu has approved major changes in the leadership of the Armed Forces, appointing new Service Chiefs in a decisive move aimed at strengthening national security architecture.

According to a statement on Friday by his Special Adviser on Media and Public Communication, Chief Sunday Dare, the President named former Chief of Army Staff, Lt. General Olufemi Oluyede as the new Chief of Defence Staff, replacing General Christopher Musa.

Major-General W. Shaibu has been appointed Chief of Army Staff, Air Vice Marshal S.K. Aneke takes over as Chief of Air Staff, while Rear Admiral I. Abbas is the new Chief of Naval Staff.

The Chief of Defence Intelligence, Major-General E.A.P. Undiendeye, retains his position.

All appointments, the statement said, take immediate effect.

President Tinubu, who is also the Commander-in-Chief of the Armed Forces, expressed deep appreciation to the outgoing Chief of Defence Staff, General Musa, and other retired Service Chiefs for their “patriotic service and dedicated leadership” during their tenure.

He charged the newly appointed military heads to justify the confidence reposed in them by demonstrating “enhanced professionalism, vigilance, and comradeship” in the discharge of their duties.

The shake-up in the military hierarchy comes as part of ongoing efforts by the Tinubu administration to reposition the security sector, improve coordination among the services, and sustain momentum in the fight against terrorism, banditry, and other security challenges across the country.

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