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September 19, 2023 MohBad: Management, Fans and Friends to Hold Tribute Concert and Peace Walk

MohBad: Management, Fans and Friends to Hold Tribute Concert and Peace Walk

The management of late Nigerian music singer, Ilerioluwa Aloba, a.k.a Mohbad, has announced a candlelight procession and tribute concert in honor of the late artiste.

Mohbad, died suddenly last Tuesday at the age of 27.

Since Mohbad’s death, his music fans and sympathizers have called for a proper investigation to know the cause of his death, prompting the Nigeria Police as well as the Lagos state Government to swing into immediate action.

Taking to the social media handles of the late singer on Monday night, the management “appreciate the outpouring of love from Fans across the world to the ones who’ve organized events in their communities as a way to honour and pay respect to our shining light we say thank you. Join us for Mohbad’s candlelight procession and tribute concert.”

The candlelight procession will be held on Thursday, September 21, 2023, by 5 pm at Lekki Phase 1 Gate while the Tribute Concert starts 8pm at Muri Okunola Park, Lagos State.

September 19, 2023 Qua Iboe Crude Hits $100/Barrel

Qua Iboe Crude Hits $100/Barrel

The price of  Nigerian premium crude; Qua Iboe, has hit the $100 per barrel mark as the global market continues to suffer a supply deficit.

This is the first time since 2022 when the volatile market showed recovery from COVID-19 lockdowns, which was also driven by the Russian invasion of Ukraine.

According to LSEG data, Qua Iboe, which is produced from numerous offshore fields by ExonMobil and exported through Qua Iboe Terminal, QIT, surpassed $100 per barrel a few hours ago.

In a brief obtained from its website, ExxonMobil, stated: “Qua Iboe Terminal (4° 20’N, 7° 59’E) is located on the eastern side of the Qua Iboe river estuary and contains nine crude oil storage tanks with a total capacity of 4.5 million bbls.

“Vessels are loaded through an SPM (single point mooring) 23 miles offshore which can accommodate ships up to 312,000 DWT, a 345,000 MT displacement limit and BCM equal to 175 meters maximum. “Maximum draft at both berths is 72 feet. Qua Iboe crude oil parcel sizes are normally about 950,000 barrels, but up to two million barrels can be loaded.”

It described Qua Iboe as, “Light crude containing very low levels of sulfur, metals and asphaltic material; when refined will provide similar low sulfur specification products. A well-balanced intermediate crude that produces high-quality, low-sulfur products after simple refining.”

September 19, 2023 Petroleum Marketers Deny Plans to Increase Pump Price of Petrol

Petroleum Marketers Deny Plans to Increase Pump Price of Petrol

Petroleum Marketers in Nigeria have denied claims that the recent increase in crude oil price to $94 could lead to increase in the pump price of Premium Motor Spirit (PMS).

According to them, there has been no announcement by the Nigerian National Petroleum Company Limited (NNPCL) in that respect.

The price of crude oil and exchange rate account for over 80 per cent of the cost of petrol.

National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okoronkwo, in a chat with news men, described the anxiety as mere speculation, adding that government may have stored product that could last till December. He said despite the price of crude, refined gasoline and exchange rate, the current prices are not reflective of the market.

He added that the issue must be wisely tackled due to its impact on the economy and his association were working hand in hand with the authorities to ensure the prices remained stable.

September 19, 2023 Wike Vs Kingibe: NASS Cant Control Wike – Femi Falana

Wike Vs Kingibe: NASS Cant Control Wike – Femi Falana

Senior Advocates of Nigeria, Femi Falana has lent his voice to the dispute between the Minister of the Federal Capital Territory, Nyesom Wike, and the Senator representing the FCT; Ireti Kingibe.

The renowned constitutional lawyer noted that the FCT minister in terms of execution of duties was not answerable to Kingibe or the National Assembly.

The FCT  Senator  had warned Wike to desist from working without the supervision of the National Assembly, in the wake of appointments made by the FCT minister; Nyesom Wike. Kingibe also noted that the FCT minister does not have executive powers but must operate within the constitutional frameworks of the country’s legislative arm.

Ireti Kingibe had said, “You also have to remember that the minister of the FCT – I’m not sure we have had a former governor as a minister, I think we have had one. Some [former] governors may think that as an FCT minister, the minister does not have executive powers. He works hand-in-hand with the National Assembly and the president to administer the FCT.”

However, interpreting the constitution, Falana stated that Kingibe was wrong to have said that the minister was answerable to the National Assembly in the discharge of his duties.

He said, “The distinguished senator is wrong. The power of the executive with respect to the FCT lies with the President. Making laws and passing laws for the FCT are the business of the National Assembly.

“Section 299(a) of the constitution provides: The provisions of this constitution shall apply to the Federal Capital Territory, Abuja as if it were one of the states of the Federation; and accordingly

“(a) all the legislative powers, the executive powers and the judicial powers vested in the House of Assembly, the governor of a state and in the courts of a state shall, respectively, vest in the National Assembly, the President of the Federation and in the courts which by virtue of the foregoing provisions are courts established for the Federal Capital Territory, Abuja.

He further explained that since the executive powers of the FCT are vested in the President who then delegates them to the minister as he pleases, the minister can act in the capacity of the President who is the governor of the FCT.

Falana said, “The executive powers of the FCT are vested in the President, the legislative powers are vested in the National Assembly, while the judicial powers are vested in the High Court of the Federal Capital Territory.

“To that extent, it is very wrong to say that since there is no governor in the FCT, the executive powers are vested in the National Assembly; those powers are vested in the President.

“So, whenever the president appoints a minister, the minister is performing in the powers delegated to him or her by the President.”

If you are dissatisfied with the decision taken by anyone in the FCT, you go to the FCT High Court.” Falana quipped.

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