News

Navy Reveals Lab Test Result, Confirms Product Is HPFO, Not Crude Oil

Published

9 months ago

August 6, 2023

Editor

The Nigerian Navy on Sunday said, the results of the laboratory analysis of the product onboard MT PRAISE conducted by all agencies including NMDPRA confirms that the product displayed properties consistent with Nigerian industrial standard specification for HPFO. and not crude oil.

Recall that the Navy had earlier directed the vessel to Forward Operating Base ESCRAVOS anchorage for further investigation of the product onboard after Tanttita Private Security expressed suspicion that the vessel was carrying products different from it HPFO.

The samples of the product onboard MT PRAISEL were collected on Thursday 3 August 2023 by 5 agencies including NNPCL, NMDPRA and also TSSL in line with laid procedures for laboratory test and verification of the claim.

The Navy in a statement by the Director of Information, Commodore Adedotun Ayo Vaughan therefore disclosed that “This result therefore proves that the allegation and suspicion was totally wrong, unfounded, and perhaps mischievous.”

Naval Headquarters had on August 4 2023 issued a statement to clarify an allegation in respect of Motor Tanker (MT) PRAISEL which was reported to be conveying stolen crude oil with naval escorts onboard.

The vessel was said to have been arrested by a private security outfit, Tantita Security Service Limited (TSSL) and an element of Operation Delta Safe (OPDS).

But the Navy affirmed that MT PRAISEL was duly approved by Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to load 1,114,721 Litres of High Pour Fuel Oil (HPFO) from Greenmac Energy Storage/Tarus Jetty Koko from 26 July – 8 August 2023.

The statement added that the “intelligence which was said to have been received in respect of the vessel and its product was equally wrong”.

“This singular incident brings to the fore the high-handedness and unprofessional conduct displayed, with its attendant negative consequences for the supplier and buyer of the product, the vessel hired to convey it and other parties involved in the legitimate business”, it added.

“Accordingly, the Nigerian Navy reiterates her strong stance to support every single effort to halt economic saboteurs and to fight against crude oil theft in Nigeria’s maritime environment (NME) provided such effort is done within the ambit of the law and with the best professional conduct.

“Proper precaution therefore must be adhered to by all stakeholders to avoid unnecessary impediment to legitimate commercial activities and businesses in the maritime environment.

“Maritime security issues entails more than spontaneous actions from insufficient and unverified information because the resultant wrong responses have direct impact on the nation’s economy hence it must be handled dispassionately and professionally.

“In line with Mr President’s directive, the Navy under the able leadership of Vice Admiral Emmanuel Ogalla will ensure transparent and robust inter-Service and inter-agency cooperation and synergy in all her operations. All stakeholders and players within the NME are thus advised to adopt the same posture in the overall interest of the nation.”

Sources informed Vanguard that HFPO is a less flammable dirivative of crude oil and that Bonny is the nation’s major transit point hence it is not out of place for any vessel to use Bonny as transit point

News

Bauchi Commissioner Gifts 3 Students Cash For Prompt Resumption, Ability To Read

Published

37 mins ago

May 17, 2024

Editor

The Bauchi state Commissioner for Education, Dr Jamila Dahiru, on Thursday, gave a cash gift of N5,000 each to three Senior Secondary II students of Government Science Secondary School, Misau for their determination to succeed in Education.

Two of the students, Adamu Adamu, Mustapha and Haruna impressed the commissioner for their presence in school in the first day of resumption while Abdullahi Musa marvelled her for his reading ability and comprehension.

According to the commissioner, the gesture was to appreciate their determination to learn as well and motivate other students to emulate them.

While paying a courtesy visit to the Emir of Misau, Alh. Ahmed Sulaiman, the commissioner disclosed that the Bauchi State government was working with stakeholders from the Misau Emirate to fine-tune modalities of temporarily accommodating the students of Federal Science Technical College, Misau at its Science Secondary School Misau.

She said the college made the request in a letter to the ministry stating that the facility given to them could no longer accommodate their students population, hence the resolve to convene the stakeholders meeting to fine-tune ways of sharing the facility for the betterment of the state.

She disclosed that government science secondary school Misau, one of the best in the state in terms of befitting facilities has the capacity to accommodate up to five thousand students, but currently houses about three hundred students.

She appreciated the Emir for his continued support to programmes and policies of the government with more emphasis on the education sector.

Speaking on behalf of the Emir and other stakeholders, a retired Director with the Ministry, Muhammad Musa, expressed gratitude to the Commissioner for the honour and promised to assemble critical stakeholders from the emirate so as to arrive at an acceptable decision for the benefit of all and sundry.

News

NDIC Obtains Order To Wind Down 96 Microfinance, Mortgage Banks

Published

54 mins ago

May 17, 2024

Editor

The Nigeria Deposit Insurance Corporation has said that it has obtained Winding up Orders for 96 out of 183 microfinance and primary mortgage banks whose licenses were revoked by the Central Bank of Nigeria in May 2023.

The Managing Director, NDIC, Bello Hassa, revealed this at a sensitisation seminar for Judges of the Federal High Court in Lagos on Thursday organised by the NDIC, to enlighten the judiciary on the intricacies of the banking industry.

Hassan said, “As at date, the Corporation had obtained Winding up Orders for 96 out of 183 Micro Finance and Primary Mortgage Banks whose licenses were revoked by the CBN in May 2023, in less than one Year of revocation.”

He added that the NDIC was committed to fulfilling its mandate of protecting depositors through bank supervision, failure resolution and liquidation so as to boost confidence in the financial system.

Speaking on the role that the judiciary plays in the fulfillment of the mandate, Hassan said, “We recognise the judiciary as one of our critical stakeholders. With this, when cases are brought before them, they can receive accelerated hearing and proclamation of Justice.”

Citing some of the achievements from previous editions of the seminar, Hassan said that instances where liquidation-related litigations experienced delays were reduced.

News

JUST IN: 36 Speakers Back State Police

Published

2 hours ago

May 16, 2024

Editor

Speakers of the 36 Houses of Assembly in Nigeria on Thursday expressed support for the National Assembly’s ongoing efforts to alter the 1999 constitution to create state policing in the country.

The Speakers made their resolution known at the end of their meeting in Abuja.

The Senate and House of Representatives are currently working to amend various constitutional provisions, including those regarding state police, financial autonomy for local government, fiscal federalism, and mayoral status for the FCT.

Details shortly…