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July 8, 2024 Amaewhule-Led Assembly Issues 7-Day Ultimatum for Fubara to Resubmit 2024 Budget

Amaewhule-Led Assembly Issues 7-Day Ultimatum for Fubara to Resubmit 2024 Budget

The Rivers State House of Assembly, led by Martin Amaewhule, has given Governor Siminalayi Fubara a 7-day deadline to resubmit the 2024 budget to the House. This directive was issued during the first session of the pro-Wike House on Monday after several months of inactivity. Meanwhile, a parallel session is being held by the House faction led by Victor Oko-Jumbo.

Previously, Fubara presented the budget to the Oko-Jumbo-led House, which is loyal to him, with his current Chief of Staff, Edison Ehie, presiding as Speaker. The pro-Fubara lawmakers approved the budget, and the governor signed it into law, emphasizing its focus on economic development, inclusive growth, and addressing socio-economic inequality in the state.

July 7, 2024 Court Orders Buhari’s Minister to Account for N729 Billion Payment to Poor Nigerians

Court Orders Buhari’s Minister to Account for N729 Billion Payment to Poor Nigerians

The Federal High Court in Lagos has mandated Sadiya Umar-Farouq, the former Minister of Humanitarian Affairs, Disasters Management, and Social Development, to account for N729 billion disbursed to 24.3 million poor Nigerians over six months. The court also required her to provide the list and details of beneficiaries, the number of states involved, and the distribution of payments across those states.

The judgment, delivered by Justice Deinde Isaac Dipeolu in June, was in response to a Freedom of Information suit (FHC/L/CS/853/2021) filed by the Socio-Economic Rights and Accountability Project (SERAP). SERAP obtained the certified true copy of the judgment last Friday.

Justice Dipeolu stated that the former minister is obligated under the Freedom of Information Act to disclose the requested information. Consequently, he issued an order of mandamus, compelling the minister to provide the details of the N729 billion expenditure. The judge also instructed the minister to explain the selection process for beneficiaries and the payment mechanisms used. Additionally, the rationale for disbursing N5,000 to each of the 24.3 million poor Nigerians, which constitutes 5% of Nigeria’s 2021 budget of N13.6 trillion, must be clarified.

The judge noted that the minister failed to justify her refusal to disclose the information sought by SERAP. She upheld SERAP’s arguments and dismissed the objections raised by the minister’s counsel, thereby ruling in favor of SERAP.

Reacting to the judgment, SERAP’s Deputy Director, Kolawole Oluwadare, hailed the ruling as a significant victory for transparency and accountability in public fund expenditure. He emphasized the need for the Tinubu administration to address systemic corruption within the Ministry of Humanitarian Affairs and other government agencies.

In a letter dated July 6, 2024, addressed to President Bola Tinubu, SERAP urged immediate compliance with the court's orders. They requested the President to direct the Ministry of Humanitarian Affairs and the Attorney General's office to release the details of the N729 billion expenditure as mandated by the court. The organization stressed that enforcing the judgment would demonstrate a commitment to the rule of law, transparency, and accountability in managing public resources.

July 5, 2024 Keir Starmer Officially Appointed UK Prime Minister

Keir Starmer Officially Appointed UK Prime Minister

King Charles III officially appointed Labour leader Keir Starmer as Prime Minister on Friday during an audience at Buckingham Palace. A photograph released by the palace showed the monarch shaking hands with Starmer, following Labour's landslide election victory. Earlier, the king accepted the resignation of Conservative leader Rishi Sunak.

"The King received in Audience The Right Honourable Sir Keir Starmer MP today and requested him to form a new Administration," the palace statement read. "Sir Keir accepted His Majesty’s offer and kissed hands upon his appointment as Prime Minister and First Lord of the Treasury."

July 3, 2024 NNPC Declares Oil Production Emergency

NNPC Declares Oil Production Emergency

Nigeria’s state oil firm, NNPC, declared an oil and gas production emergency on Tuesday. Mele Kyari, the Group CEO, made this announcement during his keynote speech at the 23rd Nigeria Oil & Gas Conference and Exhibition (NOG Energy Week) in Abuja.

Kyari stated, “We’ve decided to end discussions and take action against the issues impacting our oil production. This is a serious battle, and we have the resources and plans in place. With our partners, we aim to improve the current situation.”

After a thorough assessment, Kyari noted that Nigeria could achieve a daily crude oil production of two million barrels without additional rigs, but the main obstacle is the lack of prompt action by stakeholders. The declared “war” aims to address all barriers to efficient operations, including procurement delays common in the industry.

For medium to long-term strategies, NNPC Ltd. plans to replace aging crude oil pipelines built over four decades ago and implement a rig sharing initiative with partners, ensuring rigs remain in the country for four to five years. Kyari urged industry participants to collaborate to cut production costs and boost production.

Kyari also emphasized the company’s commitment to investing in critical gas infrastructure like the OB3 and Ajaokuta-Kaduna-Kano gas pipelines to enhance domestic gas production for power generation, industrial growth, and economic advancement. Regarding Compressed Natural Gas (CNG), he mentioned NNPC Ltd.’s alignment with the Presidential CNG initiative and the establishment of several CNG stations with partners like NIPCO Gas, with plans to inaugurate 12 stations in Lagos and Abuja.

During the NOG Energy Week’s opening ceremony, goodwill messages and keynotes were delivered by prominent figures, including OPEC Secretary General Haitham Al Ghais, GECF Secretary General Engr. Mohamed Hamel, Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), Rt. Hon. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), Ms. Olu Verheijen, Special Adviser to the President on Energy, and Mr. Abdulrazaq Isa, Chairman of IPPG.

NNPC Ltd. is the main sponsor of the 2024 NOG Energy Week Conference & Exhibition, which focuses on highlighting opportunities, stimulating investments, and addressing energy needs.

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