News
Ondo Govt, Company Sign MoU To Build $15bn 500,000bpd Refinery

Ondo State Government and a multi-sectoral infrastructure development company, Backbone Infrastructure Nigeria Limited (BINL) have announced have announced the plan to construct and operate a 500,000 barrel per day (bpd) refinery at the Sunshine Industrial Park in Ogboti, Eruuna and Sunshine Free Trade Zone (FTZ) in the Ilaje Local Government Area of the state.
According to BINL with offices in Abuja, London and Zug in (Switzerland), the project will be phased commencing with a 100,000 bpd refinery.
And as part of efforts to formalise the arrangement, the Company’s management has scheduled a courtesy visit to Governor Lucky Aiyedatiwa of Ondo State with the MoU expected to be signed to kick start the delivery of the projects as BINL is also exploring partnership with the Nigerian National Petroleum Corporation Limited (NNPC) to facilitate the delivery of the ultra-modern crude oil refinery.
READ ALSO:Ondo Confirms Petitions Seeking Coroner’s Inquest Into Akeredolu’s Death
BINL’s Vice President for Corporate Services, Mr Wale Adekola, said the refinery will provide petroleum products for local consumption, feedstock for other local industries and petroleum products for the international market.
The refinery project, according to Adekola, will include the construction of roads, storage tanks, loading bays, terminals and handling equipment while the scope of the Free Trade Zone Project includes the development of the required infrastructure and facilities for the effective operation and management of the Free Trade Zone.
He also added that the development framework will involve a comprehensive and strict governance structure, the development of the local community in compliance with international standards and relevant laws.
READ ALSO:Ondo Assembly Receives N33.86bn 2025 Budget Proposal For Oil-producing Areas
“These projects will contribute significantly to reducing Nigeria’s trade deficit, conserving foreign exchange reserves, increasing government revenue and economic development.
“At the state and local levels, these projects will create local jobs, stimulate the local economy through increased demand for goods and services.
“The Corporate Social Responsibility (CSR) strategy includes community engagement programs such as education initiatives, local employment quotas and infrastructure development for surrounding communities and engaging local stakeholders early to mitigate potential opposition to the project,” Adekola stated.
News
New Tax Laws: Suspend January 2026 Implementation — Senator Ndume Tells Tinubu

Former Senate Leader, Ali Ndume has appealed to President Bola Ahmed Tinubu to suspend the January 1, 2026, implementation of the country’s new tax laws amid growing controversy.
The federal lawmaker made the appeal in a statement he issued on Wednesday in Abuja.
This comes as the Nigerian Bar Association demanded the suspension of the implementation.
Recall that a member of the House of Representatives, Abdussamad Dasuki, had last week called the Parliament’s attention to alleged alteration to the tax laws.
READ ALSO:FIRS Confirms NIN As Tax ID
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, in an interview on Arise Television on Wednesday, called for calm over claims of alterations in tax laws and urged Nigerians to allow lawmakers to complete their investigation before drawing conclusions.
Speaking on the ongoing controversy about the tax laws, Ndume noted that proceeding with the implementation without getting to the root of the alleged forgery will create a legitimacy challenge for the tax laws.
His statement read, “With the controversy surrounding it, the President should constitute a team to verify the veracity of the claim and act accordingly.
“As the responsive leader that he has always been, he should look at it to find out if the copy that was signed and the claim of alterations are genuine so that he will do the needful to bring the controversy to rest.
READ ALSO:US Threatens To Sanction Countries That Vote For Shipping Carbon Tax
“If not, the controversy will continue.” That is to say, the tax law will not be implemented, because you can’t build on nothing.
“So, Mr. President should suspend the implementation until the issues are resolved because so many civil society organizations, the Arewa Community, and the Nigerian Bar Association are saying that he should withdraw the tax law and investigate the allegation of forgery.”
“Therefore, Mr President should get to the root of the allegation of forgery. The small committee that will be set up should look into it while the House of Representatives does its own.”
News
Tambuwal Engages Security Agencies As US Airstrikes Hit Own LG In Sokoto

Senator Aminu Waziri Tambuwal, representing Sokoto South, has called on residents of Sokoto State to remain calm following reports of United States airstrikes targeting ISIS-linked terrorists on Christmas Day.
In a statement posted on his personal X account, the former Sokoto State governor said he was aware of reports concerning the airstrikes, which marked a direct US military action in Nigeria based on intelligence about ISWAP threats, and urged citizens to remain law-abiding while authorities clarify the situation.
“I have noted the reports concerning an airstrike carried out as part of ongoing counterterrorism efforts through cooperation between the federal government of Nigeria and the United States,” Tambuwal said. “I urge our communities to remain calm and law abiding as relevant authorities clarify the circumstances surrounding the operation.”
READ ALSO:US Dept Of War Shares Video Of Air Strikes In Nigeria
Tambuwal assured constituents that he was engaging with relevant security agencies to obtain full details of the operation and to ensure that necessary things were in place to protect civilians.
“I wish to assure the people of Sokoto South that I am in active talks with relevant security authorities to obtain full details and ensure that all necessary safeguards are upheld,” he added.
The senator emphasised that counterterrorism operations were aimed strictly at criminal and terrorist elements threatening public safety, not innocent civilians who are often victims of insecurity. He stressed that the protection of civilian lives must remain central to all legitimate security actions.
He further called on community leaders, traditional institutions and residents to work closely with security agencies by sharing credible intelligence and resisting misinformation capable of causing fear or heightening tension.
News
Rep Moore Confirms 12 Tomahawk Missiles Launched In Sokoto

No fewer than 12 Tomahawk missiles were on December 25 launched against terrorists in Sokoto State by the United States military.
Rep Riley M. Moore, the lawmaker representing Virginia’s Second District in the Congress, confirmed this in an interview with Fox News.
The US military operated in Sokoto State on Christmas night, bombing terrorists killing innocent people in parts of Nigeria.
READ ALSO:Trump’s Airstrikes: Halt Military Cooperation With US Immediately – Sheikh Gumi Tells Tinubu Govt
Some security analysts claimed on Friday that the operation was unsuccessful and had no significant impacts on the targeted terrorists.
According to them, the airstrikes landed in safe places including farms where there was no history of terrorists’ hideout.
But details began to emerge on Friday night, indicating that several terrorists were killed during the joint operations between the US army and it’s Nigerian counterpart.
READ ALSO:Nigerian Ringleader Of Nationwide Bank Fraud, Money Laundering Jailed In US, Says FBI
Moore said: “This year, thanks to President Trump, Radical Islamic Terrorists were on the receiving end of 12 Tomahawk missiles as a present.
“The successful strikes on ISIS, in coordination with the Nigerian government, is just the first step to secure the country and end the slaughter of our brothers and sisters in Christ”.
DAILY POST reports that residents of Sokoto State have been panicking since the US military operation.
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