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No cause for alarm, NNPC assures on fuel price hike *Says subsidy issue, since settled

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The Nigerian National Petroleum Company (NNPC) Limited, on Wednesday, moved to douse the tension in the country, following reports that a current dispute between it and the Independent Petroleum Marketers Association of Nigeria (IPMAN), could lead to another hike in the pump price of Premium Motor Spirit (PMS).

Channels Television, quoted Olufemi Soneye, spokesman of the company as saying in a statement, on Wednesday, that the issue of payment of subsidy on petroleum products in the country had since been settled permanently, adding: “NNPC Ltd emphasises it has not clashed with any party.

“The publication sought confirmation on alleged subsidy reduction, to which NNPC responded that subsidy has been entirely removed.”

In his inaugural speech on May 29, 2023, President Bola Tinubu declared that the subsidy era is gone.

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He said the 2023 budget made no provision for fuel subsidy, and subsidy payment was no longer justifiable.

The declaration saw petrol per litre jumping from around N184 to over N600 in several parts of the country. The removal of fuel subsidy also came with attendant economic crises with food inflation jumping to an all-time high. Oil marketers had also threatened to raise the price per litre of petrol over fluctuating and scarce foreign exchange used to secure the essential commodity.

However, the implementation of subsidy removal has been subject to controversies with the World Bank saying that the NNPC was not transparent about the financial gains from fuel subsidy removal and that subsidy was not entirely gone.

The Bretton Woods institution had argued that gains in net oil revenue of the federation were lower than what they should have been but NNPC boss, Mele Kyari had defended the government, saying the company was recovering the full cost from imported products.

 

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Budget blunder: Go to hell, burn to ashes, Okpebholo remains governor – APC

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With an angry riposte, the All Progressives Congress (APC), on Wednesday, waved away the sweltering criticisms from a groundswell of the public, lacerating Monday Okpebholo, Governor of Edo State, on his now viral video where he exhibited great difficulty in pronouncing the N650 billion figures, he presented to the Edo State House of Assembly as the state’s 2025 budget.

The social media have been awash with the video of the governor repeatedly trying to mention the figure correctly, and even at a point explaining that he was confused, a development, which has elicited different reactions from the public, with critics saying it was emblematic of the degeneration in the nation’s polity, where hugely incompetent people were being recruited into positions clearly beyond them for political purposes.

In the video, Okpebholo appeared to have gone smoothly until he got to the figure, and then began to flutter and stutter repeatedly, thus: “The Edo State 2025 Appropriation Bill of 6 billion… 650… 605 billion… 76 thou… 76 million…“Let me take it again. 506 billion… 605 billion… sorry… 776 billion… sorry, it’s confusing me.”

But in a swift pushback to the barrage of criticisms from the public, who also wondered what manner of budget would stop at just a round figure without fractions Jarrett Tenebe, Chairman of the APC in the state, in apparent defence of the governor, dismissed the issues raised as unfounded, arguing that the “mistake” was common to humans, including world leaders, including Jacob Zuma, former President of South Africa.

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In his apparent anger over the meaning being adduced to the supposed blunder, the party boss, inferred that nobody was unfazed in the state, particularly within the APC camp, insisting that the people had willingly chosen the governor to lead them for the next four years and those in opposition of the choice should “go to hell and burn to ashes.”

Hear him: “The Social media has been agog with our governor’s budget presentation about a mistake on 650 billion and the rest of it all. It’s a normal thing. (Jacob) Zuma made such a mistake, and a lot of people make such mistakes. I don’t know figures. You see, that is how to know original figures. Obaseki will not make such a mistake because he has stolen figures. Asue Ighodalo will not make such a mistake because he has stolen billions before.

“Monday is not a thief, so he’s not familiar with figures. So, anybody who wants to talk can continue to talk. It’s nonsense. “He’s the governor of the state, he’s performing, and he will continue to perform. And anybody who does not like his face should go to hell and burn to ashes, period, and thank you,”

The budget titled: The Appropriation Bill is titled “Budget of Renewed Hope for a Rising Edo, the first by the governor, who emerged the winner in the election of Saturday, September 21, and was sworn in on Tuesday, November 12, 2024, which was presented was said to have reflected a 25 per cent increase from the 2024 budget.

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Yahaya Bello to mark New Year in prison *Court decides bail January 29

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Justice Maryanne Anenih of the HIgh Court of the Federal Capital Territory (FCT) in Maitama on Tuesday ordered the remand of Yahaya Bello, immediate past Governor of Kogi State in Kuje Correctional Centre, Abuja pending his bail application.

By the court’s ruling, that the former governor’s bail application would now be given on January 29, 2025, it means that he would be spending the whole of Christmas and New Year period in prison, as the court adjourned further proceedings in the criminal case involving the alleged theft of N110billion against him instituted by the Economic and Financial Crimes Commission (EFCC).

Anenih, who had agreed with the submission that Bello’s bail application was filed prematurely, having been filed when Bello was neither in custody nor before the court, was incompetent, said: “Consequently, the instant application, having been filed prematurely is hereby refused.”

Rejecting his plea, of the former governor, who had earlier filed the application on November 22 before he was arrested on November 26 and arraigned on  November 27, Anenih granted bail to Umar Oricha and Abdulsalami Hudu, with whom he is standing trial on the ground of a N300million bond and that they must produce sureties who must have property worth the said amount within the court’s jurisdiction.

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The former governor, is said to have since filed a fresh bail application with a plea to the court for an early hearing date, to prevent him from spending the yuletide period in Kuje correctional centre.

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BREAKING: Farotimi to spend another 10 days in prison, as court defers bail plea

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Abayomi Adeosun, the Presiding Magistrate, at the Chief Magistrate Court in Ado Ekiti, on Tuesday returned Dele Farotimi, lawyer and activist to prison till December 20, when his bail application will now be determined in the case of criminal defamation against Afe Babalola, Senior Advocate of Nigeria (SAN) foremost lawyer and educationist.

Adeosun agreed with the prosecution that who had told the court that the bail application submitted by Farotime was incomplete and not properly filed, a development which came after a hot argument between police prosecuting lawyer and the legal team of Farotimi, over the propriety of Adeyinka Olumide-Fasuka, (SAN) in the matter, being a Senior Advocate of Nigeria.

Samson Osobu, the police lawyer prosecuting the matter, had also objected to the appearance of Olumide-Fasuka to represent the activist, standing trial on a 16 count-charge of defaming the legal luminary in his book, titled: Nigeria and its Criminal Justice System, which accused Babalola of corrupting Supreme Court judges, on the ground that members of the Inner Bar, were barred from appearing at magistrate courts.

Objecting to the senior lawyer taking over the matter, he cited the recent judgment of a court of Appeal in Ibadan, Oyo State delivered on July 16, 2024, where the court ruled that SAN could not appear before the magistrate court.

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But countering, Olumide-Fasuka, who explained that the Ekiti state magistrate court law enacted by the House of Assembly allowed lawyers irrespective of status and title to appear in the court especially in criminal matters as it related to the suit against the defendant, urged the court to reject the argument of the prosecuting lawyer, noting that the verdict he cited might not have put into consideration all magistrate court laws across the country.

After listening to the argument, the Magistrate who stepped down his ruling on the matter for him to read the judgement, asked Olumide-Fasuka to step down and allow the most senior lawyer in Farotimi’s team to continue the case, pending his ruling on the matter, enabling Taiwo Adedeji, another lawyer in the team to take over.

After further argument on the matter, the court, which had on Wednesday, last week when Farotimi first appeared, slated the determination of the bail application for Tuesday, shifted proceedings to the new date while ordering that the activist be returned to prison custody till the new date.

 

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