News
Fuel Pump Price Jumps By 91% In Six Years –Report
Published
3 years agoon
By
Editor
The cost of fuel pump increased from N87 per litre as of December 2015 to N165.77 by December 2021, showing an increase of 90.54 per cent.
This is according to the Fuel Pump Price Per Litre – Average (PMS) data from the Central Bank of Nigeria.
The Nigerian National Petroleum Corporation became the sole importer of petrol in Nigeria in 2016 after the Federal Government introduced the price modulation mechanism, which saw the pump price of the commodity rise.
A few months after the hike in May 2016, the value of crude oil in the international market soared, while the value of Nigeria’s currency, the naira, slid to almost N500/dollar, from about N197 to the dollar.
This affected the landing cost of petrol, which rose steeply, and the country not willing to hike the pump price of the commodity again, soon returned to subsidising the product.
The NNPC said that fuel subsidy gulped N306.92bn in 2015.
In 2021, the NNPC said fuel subsidy gulped N1.43tn, although there was no record for under-recovery in January.
This means that the cost of fuel subsidy rose by 365.92 per cent within the six-year period.
The NNPC called the subsidy payments under-recovery and deducted it from the proceeds of its domestic crude oil sales, before making remittances to the Federation Account.
The President, Major General Muhammadu Buhari (retd.), announced himself as substantive Minister of Petroleum in 2015. Before his regime, Buhari had denied the existence of fuel subsidy, describing it as fraud.
However, as a president, Buhari has failed to address the fuel subsidy crisis, which drains government revenue.
The World Bank and the International Monetary Fund have decried the continued spending by the Nigerian government on the petrol subsidy, urging the government to end the subsidy regime.
However, the Nigeria Labour Congress and other pressure groups and trade unions had threatened nationwide protests against the removal of the fuel subsidy.
Although the Federal Government had planned to eliminate the fuel subsidy by June 2022, the government backtracked on the plan and extended the subsidy regime by 18 months.
READ ALSO: Fuel Subsidy Puts Nigerian Economy At High Risk, World Bank Warns
The Nigerian Bar Association, amongst others, had described the decision of the All Progressives Congress-led government to suspend its planned petrol subsidy removal as an election strategy.
Also, the NNPC has said a total of N4tn from the Federal Government is required to fund the fuel subsidy in 2022.
Recent figures from the NNPC showed that fuel subsidy gulped N675.93bn in the first quarter of 2022.
According to the oil firm, fuel subsidy gulped N210.38bn, N219.78bn, and N245.77bn in January, February, and March 2022 respectively.
The President’s Special Adviser on Media and Publicity, Femi Adesina, earlier this year said Nigerians will have to pay a price to continue subsidising PMS, adding that the country might be left with no other choice but to continue borrowing to shoulder its fiscal overhead.
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News
Awujale Succession: Court Battle Begins Over Ruling House Leadership Crisis
Published
3 minutes agoon
September 18, 2025By
Editor
Three royal families of Adeberu, Olufadi and Ayora/Tunwase of Fusengbuwa ruling house, Ile Nla, Agunsebi, Ijebu Ode have dragged the Ogun State Government, the former National President of the Institute of Chartered Accountants of Nigeria, Otunba Abdulateef Owoyemi, Dr Kunle Hassan, the founder of Eye Foundation Hospital and two others before an Ogun State High Court sitting at Ijebu Ode over the leadership crisis rocking the ruling house.
According to the court filings dated September 17 and made available to journalists on Thursday, the representatives of the three royal families, Adedokun Ajidagba, Adeleke Adeyemi and Ademola Sonaya, specifically urged the court to stop Owoyemi from parading himself as the head (Olori Ebi) of the Fusengbuwa ruling house.
The Fusengbuwa ruling house is the next to produce the Awujale and paramount ruler of Ijebu land after the demise of 91-year-old Oba Sikiru Adetona on July 13, after reigning for 65 years.
Adedokun, according to the documents filed before the court, asserted that Owoyemi has no ancestral link to the Ile-Nla compound in Agunsebi, the historic family house of Fusengbuwa.
READ ALSO:What Late Awujale Told Me – Tinubu
He listed the ruling house’s eight recognised branches as Olufadi, Ayora/Tunwase, Shenowo, Okuyandewo, Oshinuga, Adekenu, Adebiyi, and Adeberu.
The oil and gas businessman further claimed that Owoyemi hails from Ikoro-Ekiti and not Ijebu-Ode, a position he affirmed was corroborated by the late Awujale of Ijebuland, during a court proceeding at Ijebu-Ode in 2018.
Adedokun said his appointment as Olori-Ebi of Fusengbuwa was ratified on November 23, 2023, with official notification sent to the Ogun State Commissioner for Local Government and Chieftaincy Affairs and to the late Adetona.
He declared that he remains the authentic head of the Fusengbuwa ruling house and that the court should accede to the request of the three royal families and stop Owoyemi from parading himself henceforth as the head of the ruling house.
READ ALSO:JUST IN: Awujale Of Ijebu, Oba Sikiru Adetona, Is Dead
The court is, however, yet to fix a date for the hearing of the suit
Recall that the former ICAN President had insisted that he remains the legitimate head of the Fusengbuwa ruling house by virtue of the Ibadan Court of Appeal judgement of 2024, which ruled in his favour and confirmed the fact that he had been the ruling house head appointed since 2013 after the death of Prince Fasasi Adeyemi
He stated that in 2011, he was appointed as the Deputy to the then head of the family, Adeyemi and by 2013, he was appointed as the Olori Ebi after the death of Adeyemi.
Owoyemi explained that after his appointment as the Olori Ebi of Fusengbuwa in March 2013, a splinter group had also appointed the late billionaire banker and founder of First City Monument Bank, Otunba Subomi Balogun, as the head of the same family.
READ ALSO:Why 91-yr-old Awujale Was Absent From 2025 Ojude Oba – Ogun Govt
He disclosed that he had challenged this anomaly at a High Court sitting at Ijebu Ode and that while giving his judgment in 2018, Justice Asenuga resolved two of the issues brought before the court in his favour but failed to declare him as the Olori Ebi of Fusengbuwa.
Owoyemi explained, “I approached the Court of Appeal sitting at Ibadan and on November 28, 2024, in a judgment delivered by Justice Binta Fatima Zubairu, resolved all seven issues brought before the court in my favour.”
In a Certified True Copy of the judgment, which was made available to journalists, the three Justices of the Court of Appeal agreed that the defendants failed to prove the allegation of fraud upon which the High Court of Ijebu Ode in 2018 had failed to recognise Owoyemi as the duly appointed head of the ruling family.
He said that according to a letter dated November 22, 2023 and sent to the Permanent Secretary of the Ministry of Local Government and Chieftaincy Affairs, Ogun State, Ajidagba was appointed as the acting head of the ruling house pending the determination of the suit he filed against the 2018 court judgment.
READ ALSO:Omawumi Reacts To Timaya’s Claim Of Burna Boy Ordering Her, Waje Out Of Studio
Owoyemi disclosed, “As the Almighty God will have it, the Appeal Court upheld all my pleas, affirming my leadership of the ruling house since 2013.”
He revealed further that having been confronted with this immutable truth as dispensed by the Ibadan Court of Appeal, the other part of the ruling house, being led formerly by the renowned Ophthalmologist and founder of Eye Foundation Hospital, Dr Kunle Hassan after dialogue submitted to the decision of the court on Sunday, August 31, 2025, affirming his leadership of the ruling house.
The renowned accountant said that even the late Awujale, before his demise, called him back to the palace in February 2025 to mend fences with him, urging him to keep in touch constantly as one of the senior title holders in his government and a trusted ally.
He added that he remains a bonafide son of Ijebu land from Idowa Ijebu and that past attempts to distort history had been quashed by the November 2024 Ibadan Court of Appeal judgement
The Octogenarian urged every member of the ruling house to shun division, strife and avarice but cooperate with the leadership of the family for a rancour-free selection process for the next Awujale.
News
Court Restrains EDSIEC, Edo Govt From Conducting LG By-elections
Published
2 hours agoon
September 18, 2025By
Editor
An Edo State High Court sitting in Benin City has restrained the Edo State Independent Electoral Commission (EDSIEC) and the state government from going ahead with planned local government by-elections across 59 wards in the state.
The Edo State Attorney General and Commissioner for Justice was also a party to the suit.
Justice Mary E. Itsueli, sitting as a vacation judge, granted the order on Tuesday, September 16, 2025, following an ex-parte motion brought to the court by the Peoples Democratic Party (PDP).
The PDP, through its counsels, Oluwole Osaze Uzzi, Michael Ekwemuka and P. W. Akwuen, in the suit marked: B/247M/2025, had prayed the court for leave to apply for judicial review of EDSIEC’s decision to conduct by-elections to fill councillorship positions in the affected wards.
READ ALSO:Court Orders Arrest Of 2 Lawyers Over Alleged Forgery, Impersonation
The party argued that the councillors’ tenures remain valid until September 2026, making any attempt to declare their seats vacant unlawful.
Justice Itsueli, who held that the applicants had shown sufficient grounds for the court to intervene, also referred the matter to the Chief Judge of Edo State for reassignment to a regular court, fixing September 30, 2025, for the return date.
In the enrolment order sighted by our correspondent, the PDP sought “an Order granting leave to the Applicant to apply for judicial review of the decision of the 1st Respondent to conduct election across 59 wards purportedly to fill vacancies to their legislative seats/offices of Councillors sponsored by the Applicant, when their respective tenures subsist until September, 2026.”
The PDP also asked the court to grant “an Order that the Respondents stay further action and be restrained from conducting the election or taking any further steps in connection with the planned Local Government by election across 59 wards in Local Government Areas of Edo State, particularly as it relates to the seats/offices of the duly elected Councillors in their respective Wards, pending the hearing and determination of the Originating Motion on notice for judicial review to be filed pursuant to the grant of leave.”
READ ALSO:Men Can Take Wives’ Surnames —South Africa’s Top Court Rules
Having duly considered the application and submission of the Counsels to the PDP, the Court ordered that “the applicants are granted leave to apply for Judicial review of the decision of the 1st Respondent to conduct by elections across 59 Wards, purportedly to fill vacancies in the legislative seats/offices of Councillors sponsored by the Applicant, when their respective tenures subsist until September, 2026.”
The Court also ordered that the “respondents are to stay further actions and are restrained from conducting the election or taking any further steps in connection with the planned Local Government by-election across 59 wards in the Local Government Area of Edo State, particularly as it relates to the seats/offices of the duly elected Councillors in their respective wards, pending the hearing and determination of the originating motion on notice for Judicial review to be filed pursuant to the grant of leave.”
“This case is referred to the Honourable Chief Judge for assignment to a regular court. Return date is 30th September 2025,” Justice Mary Itsueli noted.
News
JUST IN: Kenya Airways Pays NCAA Sanction Fee For Passenger’s Rights Violations
Published
4 hours agoon
September 18, 2025By
Editor
Kenya Airways has paid the sanction fee imposed by the Nigerian Civil Aviation Authority over passenger rights violations, including the case involving Nigerian traveller Gloria Omisore.
According to a post by the Director, Public Affairs and Consumer Protection, Michael Achimugu, on his official X account on Thursday, the airline settled the penalty on Wednesday, September 17, 2025, following a series of meetings that included the Kenyan High Commissioner to Nigeria, airline representatives, and officials from Jomo Kenyatta International Airport.
“Kenya Airways has, on Wednesday 17/09/2025, paid the sanction fee as a penalty for the Gloria Omisore and other consumer protection-related infractions,” Achimugu confirmed.
READ ALSO:NCAA Slams Penalty On Kenya Airways Over Gloria Omisore, Others
He stressed that NCAA sanctions are not designed to punish operators but to strengthen compliance with safety and passenger-handling standards.
“As always, NCAA sanctions are not to punish operators, but to help improve their flight operations, especially with regard to safety and passenger handling protocols,” he said.
While commending Kenya Airways for complying, Achimugu noted that payment of fines does not conclude the matter, as the timeframe for resolving the cases has already elapsed. “The payment of sanction fines does not conclude the issues. The NCAA will follow through and is assuring both passengers and airlines of its commitment to protecting their rights and responsibilities,” he added.
Achimugu also emphasised the airline’s long-standing partnership with Nigeria, noting that the penalty was case-specific and does not diminish the positive aspects of its operations.
The NCAA said it would continue to enforce regulations to safeguard passenger rights and ensure airlines adhere to international aviation standards.
READ ALSO:NCAA Petitions IGP Over KWAM 1’s Unruly Conduct In Abuja Airport
In February, Nigerian passenger Gloria Omisore accused Kenya Airways of mishandling her during a disrupted trip that left her stranded at Nairobi’s Jomo Kenyatta International Airport. Omisore, who had been denied boarding on her connecting flight to Paris due to a missing Schengen transit visa, claimed the airline had earlier assured her she was eligible to travel. The visa issue resulted in a 17-hour layover, followed by an additional 10-hour delay for an alternative London route offered by the airline.
During the long wait, Omisore requested accommodation and care, citing exhaustion and health concerns, but Kenya Airways declined, arguing that such provisions do not apply in visa-related denied boardings. The situation escalated into a confrontation, captured on video, where Omisore allegedly threw used sanitary pads at staff.
In response, the NCAA launched an investigation, finding Kenya Airways guilty of breaching consumer protection regulations and misleading the public in its initial statements.
On May 7, 2025, the NCAA sanctioned the airline, ordering compensation of 1,000 Special Drawing Rights for each of the three affected passengers, including Omisore, and demanding a public apology.
- Awujale Succession: Court Battle Begins Over Ruling House Leadership Crisis
- EFCC Re-arraigns Ex-minister Over Alleged $6bn Mambilla Fraud
- Court Restrains EDSIEC, Edo Govt From Conducting LG By-elections
- JUST IN: Kenya Airways Pays NCAA Sanction Fee For Passenger’s Rights Violations
- Flood: Residents Chide Edo Govt Over Failure To Show Concern
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