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November 14, 2024 Governor Okpebholo Orders Immediate Freeze on Edo State Bank Accounts

Governor Okpebholo Orders Immediate Freeze on Edo State Bank Accounts

Governor Monday Okpebholo of Edo State ordered an immediate freeze on all state-owned bank accounts on Thursday, effective until further notice. The directive mandates strict compliance from commercial banks and heads of Ministries, Departments, and Agencies (MDAs).

The Chief Press Secretary, Fred Itua, disclosed the order in a statement, emphasizing that anyone, including MDA heads or civil servants, who disregards the directive will face severe consequences. "All bank accounts in commercial banks are frozen. Banks must comply with this order to ensure that not a single penny is withdrawn from government coffers until further notice," the statement reads.

The governor is conducting an investigation and reconciliation process and will decide on future actions for the accounts based on these findings.

Additionally, Itua announced that Governor Okpebholo has ordered the reversal of the "Ministry of Roads and Bridges" to its original name, "Ministry of Works." This change undoes a renaming initiated by the previous administration under Governor Godwin Obaseki. Governor Okpebholo noted the irony of the name given that no significant road or bridge projects were completed by Obaseki’s administration.

“We will continue reviewing the actions taken by the previous administration and make further decisions that serve the state’s best interests,” the statement concluded.

RELATED: Okpebholo Disbands Boards of Edo MDAs

November 14, 2024 NNPCL Signs 10-Year Gas Supply Agreement with Dangote Refinery

NNPCL Signs 10-Year Gas Supply Agreement with Dangote Refinery

The Nigerian National Petroleum Company (NNPC) Limited has announced that its subsidiary, NNPC Gas Marketing Limited (NGML), has finalized a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE.

In a statement on Wednesday, Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, confirmed the signing. The agreement was executed on Tuesday at the Dangote Corporate Head Office in Falomo, Lagos State, with NGML Managing Director, Barr. Justin Ezeala, and Dangote Group President/CEO, Aliko Dangote, signing on behalf of their respective organizations. The agreement secures a supply of natural gas to the Dangote Refinery in Ibeju-Lekki, Lagos, for both power generation and as feedstock.

Soneye emphasized that this partnership aligns with President Bola Ahmed Tinubu’s commitment to leveraging Nigeria’s gas resources to stimulate industrial growth and economic prosperity. This agreement, noted as one of NGML's most substantial commitments without any capital expenditure (CAPEX) from NNPCL, is regarded as a groundbreaking achievement in Nigeria’s gas distribution history.

Under the agreement terms, NGML will provide 100 million standard cubic feet per day (MMSCF/D) of natural gas, with 50 MMSCF/D as firm supply and another 50 MMSCF/D as interruptible supply, for an initial term of 10 years with options for extension and scalability.

NNPCL highlighted that this collaboration represents a major step in supporting the Dangote Refinery’s operations while advancing Nigeria’s domestic gas utilization goals. The statement read, “This milestone for both NNPC Ltd. and Dangote Refinery underscores their commitment to enhancing local production and providing essential products for Nigerians. It further reflects NGML’s dedication to business excellence and fulfilling NNPC Ltd.’s core mandate of securing Nigeria’s energy needs through strategic gas projects nationwide.”

November 14, 2024 Wike Claims Adeyanju Asked to Be PDP Publicity Secretary but Now Unemployed

Wike Claims Adeyanju Asked to Be PDP Publicity Secretary but Now Unemployed

Nyesom Wike, Minister of the Federal Capital Territory (FCT), has criticized lawyer and activist Deji Adeyanju in response to his condemnation of recent demolitions in Abuja. Adeyanju, alongside activist Vincent Martins Otse (known as VeryDarkMark), led a protest last Friday against Wike's actions, specifically the demolition of Ruga, a settlement along Airport Road.

Adeyanju argued that the demolition was unjustifiable and called on President Bola Tinubu to intervene in the matter.

In an interview on Wednesday, Wike dismissed Adeyanju’s criticisms, describing him as "jobless" and claiming that Adeyanju had previously asked to be appointed as the Publicity Secretary of the People’s Democratic Party (PDP)—a request Wike says he turned down.

"I saw this young man, Adeyanju, from Kogi State. He approached me, wanting to become the PDP National Publicity Secretary, and I said no. I have no regrets. Now, he has suddenly taken up the role of a civil society activist because he has no job," Wike stated.

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