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Increase in NMDPRA tariffs contributed to hike in price of Petrol — IPMAN

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The Independent Petroleum Marketers Association of Nigeria (lPMAN) has explained that the increase in tariffs by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) contributed to an increase in the cost of petroleum products.

The National President of IPMAN, Alhaji Debo Ahmed, disclosed this in a statement on Tuesday.

Recall that President Bola Ahmed Tinubu announced an end to subsidy on Premium Motor Spirit (commonly referred to as Petrol) in his inaugural speech last year. Upon removing the fuel subsidy, the product’s price has since skyrocketed from N210 per litre to over N595 per litre.

The IPMAN President noted that the over 600 percent increase in the cost of petroleum products across the country between 2020 and 2023 was in part the fault of the NMDPRA.

He pointed out that the arbitrary and excessive nature of the price hike not only discourages potential investors but also creates barriers for new investors seeking entry, burdening existing businesses.

He highlighted that increased costs are ultimately transferred to consumers and the public.

He provided an example where the calibration cost per tank, previously set at N20,000, has surged to N150,000 per tank, indicating a 650 per cent increase.

The price for pressure testing, formerly N20,000 per tank, has also risen to N150,000 per tank.

He said, “Those already in the business will pass the burden to the consuming public, affecting the cost of products. I think NMDPRA, as an agent to the Federal Government, should advise them on how to succeed in this removal of oil subsidy.

“Between 2020 and 2023, NMDPRA had increased some, if not all, of its operational tariffs to over 600 per cent and added other unnecessary tariffs, generating lines to the already existing ones.”

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UniAbuja: ASUU begins indefinite strike

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The Academic Staff Union of Universities, ASUU, Abuja chapter, has begun an indefinite strike to draw attention to developments bordering the union.

The Abuja chapter of ASUU announced its decision to embark on the strike on Thursday at the end of its congress, held at the Permanent Site of the institution.

Sylvanus Ugoh, who is the UniAbuja Chairman of the union, told Leadership that the union had resolved to embark on a total and indefinite strike with immediate effect.

More to follow…

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Senate confirms minimum age requirement for admission into universities

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The Nigerian Senate has made it clear that the statements regarding the potential increase of the age limit to 18 years were individual viewpoints.

The Senate stressed that any adjustments to the age limit would require proper legislative procedures, whether they involve lowering or raising the limit.

Chairman of the Senate Committee on Media and Public Affairs, Adeyemi Adaramodu, made this known in an interview with journalists on Wednesday.

Recall that last week, Prof. Tahir Mamman, the Minister of Education, stated that the government is thinking about changing the minimum age for entering universities to 18 years old.

“Comment on the minimum age requirement for admission is not a law,” the lawmaker said.

“So it is just an opinion. It’s not a law. By the time the Senate resumes, whoever wants to bring that one out to make it a law, will now bring it and then the procedures will take place.

“You can bring whatever to the floor in form of a bill. When you bring it, there’s going to be public hearing.

“All the stakeholders will sit down and talk about it. The parents, teachers, legislators, civil society organisations, even foreign organisations.

“We will sit down and talk. Even if they say that the minimum age should be 30 or 12, we will all discuss it in an open forum. So it’s still a comment which cannot be taken to be the law.”

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Alleged Naira abuse: Cubana Chief Priest, EFCC explore out of court settlement

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A Federal High Court in Lagos has fixed June 5 for report of settlement in a case against celebrity bartender, Pascal Okechukwu, popularly known as Cubana Chief Priest, over alleged abuse of the naira.

The Economic and Financial Crimes Commission (EFCC) had on April 17 arraigned Okechukwu on three counts of allegedly spraying and tampering with the naira notes during a social event at Eko Hotel in Lagos.

He had pleaded not guilty to the charge and was granted bail in the sum of N10 million.

Justice Kehinde Ogundare had then adjourned the case until May 2, for hearing of the preliminary objection and trial.

When the case was called on Thursday, Mrs Bilikisu Buhari appeared for the prosecution, while Mr Chikaosolu Ojukwu (SAN), announced appearance for the defendant .

The defence counsel informed the court that the parties were exploring a settlement and have applied that the matter be settled pursuant to the provisions of Section 14(2) of the EFCC Act.

He told the court that if the prosecution confirmed the position as true, there would be a need to apply for a withdrawal of the defence’s preliminary objection and allow for a reconciliation.

In response, the prosecutor confirmed the position as stated by the defence counsel and told the court that the application was still being considered.

Following the position, the defence counsel applied for a withdrawal of the preliminary objection since there was no objection from the prosecution and the court granted the same.

The court, consequently, adjourned the case until June 5, for the report of settlement.

In the charge, the defendant was said to have tampered with the funds in the denomination of N500, while dancing at the social event in Eko Hotels and Suites.

The offence contravenes the provisions of Section 21(1) of the Central Bank Act of 2007.

The EFCC had on April 5 secured the conviction of popular cross-dresser, Idris Okuneye, also known as Bobrisky, on similar charges for which he was sentenced to six months imprisonment.

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