President Muhammadu Buhari on Tuesday congratulated President Patrice Talon of the Republic of Benin on the successful completion of the magnificent border project, pledging that Nigeria will work closely to ensure the success of the newly inaugurated Seme-Krake joint border post between both countries.
The statement reads: “Indeed, the Seme-Krake joint border is one of the busiest boundary lines not only in West Africa but the whole continent, daily recording huge movement of persons, goods, and services.
“Permit me therefore to congratulate my brother, President Patrice Talon of the Republic of Benin on the successful completion of this magnificent project.
“As we all know, Nigeria and Benin share many things in common. Hence, the establishment of the Joint Border Post will certainly promote our brotherliness and emphasize our common interest.
“The Border Post is strategically important and lies on the Lagos-Cotonou-Lome-Accra-Abidjan corridor, which accounts for about 70% of the entire transit traffic in the sub-region.
“The corridor is also part of the Trans-African Highway network. This Joint Border Post with modern enabling facilities is a flagship project in ECOWAS and a good example of regional public assets with a spill-over range of benefits.
“I am aware that a Joint Committee with membership from Nigeria and Benin has been established for the coordination and management of this facility. I would like to call on the members of the committee to note the complex task ahead of them.
‘The committee must ensure that border officials are sensitized on the mode of operation of the Joint Border Post concept which is a big departure from the traditional mode of operation. I call on the ECOWAS Commission to continue to provide the needed support to this Committee.
“ECOWAS is a region where ports, roads, railways and airports still remain a constraint despite significant recent progress made.
“Nigeria has embarked on major investment programmes covering these sectors to improve the competitiveness of our economies and accelerate growth. We are therefore delighted to welcome such initiatives aimed at boosting the economic integration of our member States in West Africa.’’
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BREAKING: FG Proposes Extension Of Fuel Subsidy Removal By 18 Months, Seeks To Amend PIA
The Federal Government is proposing to extend the period for the implementation of the removal of subsidy on Premium Motor Spirit (PMS), popularly known as petrol, by 18 months.
The Minister of State for Petroleum Resources, Mr Timipre Sylva, announced this on Tuesday while briefing State House correspondents in Abuja.
He disclosed that the government has concluded plans to approach the National Assembly to amend the Petroleum Industry Act (PIA).
“We are proposing an 18-month extension but what the National Assembly is going to approve is up to them,” the minister said. “We would approve an 18-month extension and then it is up to the National Assembly to look at it and pass the amendment as they see it.
“With assent by the President on August 16, 2021, the PMS subsidy removal was therefore expected to take place effective February 16, 2022. However, following extensive consultations with all key stakeholders within and outside the government, it has been agreed that the implementation period for the removal of the subsidy should be extended.
“This extension will give all the stakeholders time to ensure that the implementation is carried out in a manner that ensures all necessary modalities are in place to cushion the effect of the PMS subsidy removal, in line with prevailing economic realities.
“The President assures that his administration will continue to put in place all necessary measures to protect the livelihoods of all Nigerians, especially the most vulnerable.”
Sylva, who chairs the PIA Implementation Committee, stressed that the decision of the executive arm of government to seek an amendment of the law was not politically motivated.
Rather, he explained that such a move has become necessary to halt the potential suffering of the vulnerable in the society.
The minister believes other measures such as the Dangote refinery, the Port Harcourt refinery, and other modular refineries will have significantly come on stream by the end of the year.
According to him, the new PIA provides for unrestricted market pricing for PMS from the effective date.
Sylva, however, stated that the PIA also envisaged the potential for supply disruption with its resultant effect on the economy.
“Consequently, it provides for a window of six months from the effective date for the government to request the services of NNPC Limited as the supplier of last resort.
“This is to forestall supply disruptions and guide market readiness preparatory to migration to the deregulated pricing regime,” he added.
President Muhammadu Buhari, he stated, has assured Nigerians that his administration would continue to put in place all necessary measures to protect the livelihoods of the citizens, especially the most vulnerable.
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Former Lagos SSG Adenrele Adeniran-Ogunsanya Dies At 74
Former Secretary to the Lagos State Government Princess Adenrele Adeniran-Ogunsanya has died after a brief illness.
It was learnt that Adeniran-Ogunsanya, who served as SSG under former Governor Babatunde Fashola, died on Tuesday.
She was reportedly in a comma for a few days at the Lagos State University (LASUTH) before her death.
The Ikorodu-born grassroots politician and daughter of chairman of the Nigerian People’s Party (NPN) in the Second Republic Chief Adeniran Ogunsanya was apex leader of the Lagos4Lagos movement which recently defected from the All Progressives Congress (APC) to the Peoples Democratic Party (PDP).
Her illness prevented her from attending the group’s official defection ceremony at the Tafawa Balewa Square on Saturday, January 22.
149 total views, 149 views today
Alleged Money Laundering: EFCC Amends Charge Against Fani-Kayode
The Economic and Financial Crimes Commission (EFCC) on Monday arraigned a former Minister of Aviation, Femi Fani-Kayode on an amended 17-count charge of money laundering.
Fani-Kayode is standing trial alongside a former Minister of State for Finance, Nenadi Usman, a former Chairman of the Association of Local Governments of Nigeria (ALGON), Yusuf Danjuma, and a company, Jointrust Dimensions Nigeria Ltd.
The EFCC had earlier preferred a 17-count charge of N4.6 billion money laundering against the defendants before the former trial judge, Justice Mohammed Aikawa.
The defendants had each pleaded not guilty to the counts and were granted bail.
Hearing of the case had begun before Justice Aikawa and witnesses were being led in evidence before the trial judge was transferred out of the Lagos division of the court.
The case was subsequently assigned to a new trial judge, Justice Daniel Osaigor, and the defendants had to start the case from the beginning (de novo).
At Monday’s proceedings, the amended 17-count charge was read over to the defendants and they each pleaded not guilty.
After the plea, the prosecution counsel, Mr Rotimi Oyedepo asked the court for a trial date.
The defence counsel, Ferdinard Orbih (SAN), however, asked the court to allow the defendants to continue on the existing bail conditions granted by the former trial judge.
In a short ruling, the court allowed the defendants to continue on their existing bail conditions. He adjourned the case to March 11, for trial.
In the charge, the defendants were alleged to have committed the offences between January and March 2015 in Lagos.
They were alleged to have at various times, unlawfully retained over N4.6 billion, which they reasonably ought to have known formed part of the proceeds of unlawful acts of stealing and corruption.
In counts 15 to 17, Fani-Kayode and one Olubode Oke, who is said to be at large, were alleged to have made cash payments of about N30 million to one Paste Poster Co (PPC) of No 125 Lewis St., Lagos.
The said payments were alleged to have been made in excess of amounts allowed by law without going through a financial institution.
The offences were said to have contravened the provisions of sections 15 (3) (4), 16 (2) (b), and 16 (5) of the Money Laundering (Prohibition) (Amendment) Act, 2012.
2,346 total views, 1,939 views today
- BREAKING: FG Proposes Extension Of Fuel Subsidy Removal By 18 Months, Seeks To Amend PIA
- Former Lagos SSG Adenrele Adeniran-Ogunsanya Dies At 74
- ‘No Going Back On Our Nationwide Protest’, Says NLC Despite FG’s Suspension Of Fuel Subsidy Removal
- AFCON 2021: Africa Should Be Proud Of Comoros, Says Drogba
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