Connect with us

News

Why Nigeria’s Oil Belongs To The North – Ex-presidential Aide

Published

on

A former presidential aide, Dr. Usman Bugaje, has claimed that almost 78% of crude oil in Nigeria belongs to the North.

Bugaje, who can be controversial, yet with clear-headed presentation and analysis of issues, made the claim during an extensive interview with Vanguard.

Advertisement

He said matching the argument of ‘all natural resources belong to the Federal Government’, he is right to make such a claim because larger parts of Nigeria’s landmass belongs to the North.

He said: “I did say that the oil belongs to the North. However, let me explain. As we know, the constitution has made it very clear that oil and any other resources belong to the Federal Republic, yet you find some ignorant people talking about their oil.

READ ALSO:NDLEA Intercepts Qatar-bound Drugs, Officers Reject N5m Bribe

Advertisement

“So, I said if we match that argument, we can still claim that the oil also belongs to the North. Why? Because 78% of oil in Nigeria is offshore.

“Due to the crisis and the environmental issues of taking oil from the land, most oil companies have found it more economical and peaceful to go through the sea.

“While in government, I was part of the team that was involved in the Gulf of Guinea talks (laws of the sea).

Advertisement

“What rule did we use? We used the United Nations Convention of the Law of the Sea. And what did it say? It says that every state that has a border with water would have an exclusive area, meaning a zone that is exclusive for it to do its own economic and security activities, protecting its land, its territory, and fishing. But, where a country wants to extend that beyond the permitted nautical miles into the sea, there are rules and regulations that would provide for how far it can go into the sea. What is the major factor that gives it mileage into the sea? It is the landmass.

READ ALSO: Kidney Stones: What You Need To Know

“Whatever we get into the sea is as a result of our landmass as Nigeria. Now, if you divide the landmass in Nigeria, 78% of the landmass of this country belongs to the North.

Advertisement

“As you know, the whole of the South-East states can be put inside Niger. You can also put another five states in Niger and there will still be space. One state in the North can take more than two of the spaces of the total South-East. The North has the landmass.

“What I am saying is that if 78% of that landmass gives you that mileage into the sea where your oil comes from, the 78% of whatever mileage we get into the sea can therefore be claimed because the 78% landmass belongs to the North which is the majority. That is the argument.

“If they are not satisfied with this ownership, they can go to the National Assembly requesting a change in the constitution. That way, they can make the resources wherever it is found that of the state.”

Advertisement

News

FirstBank’s Digital Banking Channels Suffers Downtime

Published

on

FirstBank has suffered a temporary disruption to its major digital banking channels, which will prevent some customers from completing transactions.

In a notice issued on Thursday, the bank said the downtime is affecting services on FirstMobile, FirstOnline, and its *894# USSD platforms.

Advertisement

“Please be informed that we are currently experiencing some downtime affecting transactions to other banks on FirstMobile, FirstOnline, and USSD platforms. Customers may therefore experience delayed or declined transactions,” the circular read.

READ ALSO:Sterling Bank Unveils First 30 Beneficiaries Of N2bn Scholarship

The bank apologised for the inconvenience and assured customers that its technical team, working with partner service providers, is making every effort to restore full services as quickly as possible.

Advertisement

The disruption occurred less than two months after FirstBank introduced facial biometric authentication on its FirstMobile app, designed to enhance the customer experience and security.

Advertisement
Continue Reading

News

JUST IN: Tinubu Begins 10-day Vacation, Departs Abuja For Europe

Published

on

President Bola Tinubu on Thursday commenced a 10-day vacation as part of his 2025 annual leave, the Presidency announced.

According to a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, the President will spend the 10-working-day vacation between France and the United Kingdom, after which he will return to Nigeria.

Advertisement

READ ALSO:Tinubu Orders Mandatory Health Insurance Across Ministries, Agencies

Onanuga said, “President Bola Ahmed Tinubu will depart Abuja today, September 4, to commence a working vacation in Europe, as part of his 2025 annual leave.

“The vacation will last 10 working days.

Advertisement

“President Tinubu will spend the period between France and the UK and then return to the country.”

Details later…

 

Advertisement

Continue Reading

News

NYSC Pays Arrears After Two-month Break

Published

on

The National Youth Service Corps resumed payments for arrears on Wednesday, marking the first disbursement since the last payment on June 3, following a two-month break.

This payment relates to the new N77,000 monthly allowance recently approved by the Federal Government.

Advertisement

Recall that on April 5th, the Director-General of NYSC, Brigadier General Olakunle Nafiu, assured that corps members who recently completed their service will receive the new N77,000 monthly allowance approved by the Federal Government.

Speaking during the Batch A 2025 Pre-Mobilisation Workshop in Abuja, Nafiu said, “Once funds are released to us to offset the arrears, we will pay them. Even our corps members who passed out recently will benefit. We have their bank details.”

READ ALSO:Release Corps Member’s Discharge Certificate, Falana Tells NYSC

Advertisement

He emphasised the government’s commitment, adding, “Nigerians should not fret about that because the government is both responsible and responsive to their needs.”

This development was confirmed by PUNCH, by a previously serving corps member who chose to remain anonymous, who said, “After waiting for two months, I didn’t expect to see another payment alert. But honestly, it’s not just about the money; it’s about feeling like our efforts actually count.

The payment of arrears, covering the period from July 2024 to March 2025, follows widespread frustration over delayed implementation after the Federal Government approved the allowance increase as part of its commitment to easing economic hardship for Nigerian youth.

Advertisement

Continue Reading

Trending