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January 17, 2024 Explosion in Ibadan Caused by Dynamite Stored by Illegal Miners – Gov. Seyi Makinde

Explosion in Ibadan Caused by Dynamite Stored by Illegal Miners – Gov. Seyi Makinde

The Governor of Oyo State , Seyi Makinde, in the wake of a massive explosion that rocked Ibadan, the state capital, has confirmed that preliminary investigations by security agencies revealed that the explosion on Tuesday was caused by explosive devices stored by illegal miners.

Government sources confirmed that 2 persons have been confirmed dead while some 77 others are hospitalised following the explosion that also affected a section of the Governor’s Office, Secretariat, Oyo State House of Assembly, the residence of the former Attorney General and Minister of Justice, Chief Bola Ige, some buildings at Ologuneru, Apete, New Garage, Bashorun, Akobo, Sango and Eleyele.

Makinde, who visited the scene of the explosion Tuesday night, said though further investigations were still ongoing and anyone found culpable would be brought to book.

“Preliminary investigations by the security agencies revealed that illegal miners occupying one of the houses in Bodija had stored explosive devices there which caused the blast. The investigations are ongoing. All those found culpable for this will be brought to book,” he posted on his X handle.

The governor urged residents to be calm, noting that rescue operations had already started at the scene of the incident.

Earth-moving equipment, ambulances, emergency lights, and security were deployed to the scene of the incident. The wounded and injured are being treated and moved to public and private hospitals within Ibadan.

“Medical personnel are on standby at these hospitals to provide all needed assistance to the injured. We have visited UCH to see some of those injured during the incident.

“I urge all residents to please call 615 for any emergencies they may be experiencing at this time and to remain calm and stay away from the immediate scene of the incident to allow rescue operations to be carried out without interference,” he added.

January 16, 2024 Minister of Interior to Face Code of Conduce Bureau Panel Over N438m Scam

Minister of Interior to Face Code of Conduce Bureau Panel Over N438m Scam

The Code of Conduct Bureau has invited the Minister of Interior, Olubunmi Tunji-Ojo, over the alleged involvement of his company in a purported N438m contract scam uncovered in the Ministry of Humanitarian Affairs and Poverty Alleviation.

The CCB has commenced an investigation into the alleged breach of the Code of Conduct for Public Officers by the Minister and others.

In a letter signed by Gwimi S.P, the CCB Director, Investigation and Monitoring, on behalf of the CCB Chairman, Murtala Aliyu, the Bureau invited the embattled minister to appear before it on Tuesday, January 16, 2024, at the CCB Headquarters, Federal Secretariat Complex, Abuja.

The letter addressed to the Minister, read,The bureau is investigating a case of alleged breach of the Code of Conduct for Public Officers in which your name featured prominently. Consequently, you are invited for an interview scheduled as follows:

“Date: Tuesday, 16th January, 2024. Time: 1100hrs prompt. Venue: CCB Headquarters on 5th Floor, Annex III, Phase I, Federal Secretariat Complex, Abuja.

“This invitation is pursuant to the mandate and powers of the Bureau as enshrined in the Third Schedule, Part I, Paragraph 3 (e) to the 1999 Constitution of the Federal Republic of Nigeria as amended. Please be properly guided.”

A company, New Planet Projects, allegedly belonging to the Minister, benefitted from an alleged contract scam from the Ministry of Humanitarian Affairs, hence the need for the invite.

January 16, 2024 States in Nigeria Spending Frivolously on Trips Despite Low Foreign Direct Investments

States in Nigeria Spending Frivolously on Trips Despite Low Foreign Direct Investments

14 Nigerian state governments have failed to attract any form of foreign direct investments despite spending at least N21.04bn on foreign trips in since Covid-19.

The states in question include; Bauchi, Bayelsa, Benue, Borno, Cross River, Ebonyi, Edo, Gombe, Imo, Jigawa, Nasarawa, Taraba, Yobe, and Zamfara states. Between 2021 and the third quarter of 2023, these states failed to attract any of the $14.85bn that foreign investors channeled into Nigeria.

Between 2021 and 2023, Bauchi spent N3.81bn on foreign trips without having anything to show for it. Bayelsa spent N1.99bn, Benue spent N1.33bn, Borno spent N1.73bn, Cross River spent N663.16m, Ebonyi spent N1.01bn, Edo spent N1.77bn, Gombe spent N32.09m, Imo spent N541.23m, Jigawa spent N1.10bn, Nasarawa spent N541.26m, Taraba spent N2.52bn, Yobe spent N1.24bn, and Zamfara spent N2.77bn.

The figures for foreign trips were extracted from state budget performance reports sourced from Open Nigerian States. Many of the states didn’t have their full budget performance reports with some only having for two quarters in some cases.

Kebbi did not also receive any foreign direct investments in the period under review but there was no data on the amount the state spent on foreign related trips hence its exclusion from this report.

The lack of foreign investments in these states coincides with a general fall in investments into the country due to insecurity and other issues.

The World Bank opined, “Net FDI inflows are negative, reflecting net withdrawals of equity by foreign investors. FDI and FPI flows into Nigeria do not compare favourably with similar economies of the world, reflecting difficulties with FX availability, security concerns, and other structural challenges in recent years.”

Some of states in this report including Zamfara, Jigawa, and Nasarawa have been plagued by insecurity in recent years. In Zamfara for instance, banditry has become the order of the day with almost 14 local government areas of the state occupied by bandits.

January 15, 2024 IPMAN, Major Marketers Seal Deal to Distribute Dangote Fuel

IPMAN, Major Marketers Seal Deal to Distribute Dangote Fuel

The seven major oil marketers in Nigeria and Independent Petroleum Marketers Association of Nigeria; IPMAN have agreed terms with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn plant.

Dealers under the aegis of the Major Oil Marketers Association of Nigeria confirmed yesterday that with the registration, they would commence the distribution of fuel produced from the facility once the commercial terms are sorted.

Similarly, the Petroleum Products Retail Outlets Owners Association of Nigeria stated that PETROAN had been engaging the management of the multi-billion dollar refinery for the supply of products from the facility.

As IPMAN and PETROAN engage the refinery, major marketers who are members of MOMAN have already registered with the plant and are set to start buying products.

The seven major marketers include 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc and NNPC Retail.

On Friday, the Dangote Petroleum Refinery announced the commencement of production of Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel.

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