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Osun govt, Adeleke trade words over alleged diversion of funds, assets



The Osun State Governor-elect, Senator Ademola Adeleke, has raised alarm over alleged diversion of the State’s financial and physical assets.

In a statement signed by spokesperson to the governor-elect, Olawale Rasheed, it was revealed that credible reports from within the State government confirmed that the process of the alleged illegal mopping up and diversion of government assets is now multi-sectoral and cuts across all facets of the State government.

Adeleke listed the disposal of old and new government vehicles, securing and diverting the $43 million World Bank-funded third batch of O-RAM meant for the State.

He alleged elaborate movement of fund through several frivolous contract awards, among others from the State Primary Education Board, detailed plan to mop up $3M coming to the State through a programme of the State, namely SFTAS Programme under the Public Procurement Agency (PPA).

Others, according to the statement, is that the APC government had perfected plans to start withdrawing all the money realised from the subscription of Ataoja Estate Allocation, under Gboyega Oyetola’s brother, Tunde Oyetola, and diversion of funds for the prosecution of the prospective State Airport.

It also alleged that some banks are already negotiating with the out-going APC government in the State and helping them to withdraw money from the government coffers and the rushing of contract agreement from the Ministry of Justice for three roads with intention to divert and embezzle.

“Those engaging in criminality and corruption will be held accountable when we take over,” the statement disclosed.

Reacting, the Osun State Government described the allegation by the governor-elect that the local governments have been directed to return part of their allocations to the State as illogical and false.

In a statement signed by the Commissioner for Local Government and Chieftaincy Affairs, Adebayo Adeleke, the government said the statement has once again exposed the governor-elect as one who does not have any idea of how government activities are run.

While maintaining that no such directive existed, the State government challenged Senator Adeleke to reveal with evidence when and where such directive was given.

The statement also maintained that, “Governor Oyetola is a man of due process, accountability and transparency that will not do things against the law and regulations, rather, you will see him supporting the local councils and making them effective, with a view to bringing development closer to the grassroots.

“Adeleke’s fairy tale is more exposed, as it came a few days after Osun State under Oyetola was adjudged first among the 36 States in Nigeria in the area of Public Finance/Accountability. The ranking by the Federal Government and PLS Initiative, an international organization in a report tagged ‘Subnational Audit Efficacy Index’ said Osun achieved the feat through its transparent nature of governance.

“It is sad that Adeleke certainly does not understand that the Ministry of Local Government is no deposit bank where such huge funds being alleged can be brought to.”

The government reiterated that the governor-elect was making unsubstantiated allegations to curry undue sympathies and make excuses having realized the enormous task which governance involves.


Police on trail of man over homosexual practice



Men of the Nigerian Police Force are reportedly on a manhunt for one Mr. Okechukwu Andrew Ogbonna, of 2, Owoseni Street, Oshodi, Lagos State who has allegedly contravened the Same-sex Marriage Prohibition Act of 2013 by allegedly publicly contracting a same-sex marriage with one Mr. Joshua his alleged partner.

A source noted that the said Mr Ogbonna is now at large, and the police have turned to his aged mother and legal wife to ensure his re-arrest and prosecution.

The suspect was arrested on the 25th day of May 2022 after the duo were seen in a compromised position publicly and he was  subsequently granted bail on the 27th of 2022.

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Divestments by foreign companies presents opportunities for strategic partnerships, capacity building of indigenous players – FG



The Federal Government through the Minister of Petroleum Resources (Oil), Heineken Lokpobiri has argued that divestments by foreign companies in the oil and gas industry presents opportunities for strategic partnerships and capacity building of indigenous players.

The country has recorded International oil companies divesting i from Nigerian crude oil and gas, selling off their assets and seeking other revenue streams. Nigeria currently has five international oil companies still operating in the country: Shell Producing Development Company, Chevron, TotalEnergies, ExxonMobil and Eni.

Represented by the Permanent Secretary of the Ministry, Amb.Gabriel Aduda at the 12th Practical Nigerian Content Forum hosted by the Nigerian Content Development and Monitoring Board (NCDMB) in Yenogoa, he urged stakeholders to remain calm and not be alarmed by divestments hitting the oil and gas industry.

According to him, divestments come along with opportunities and this opportunities must be given attention.

“We recognize that divestment presents various challenges but also presents opportunities for local capacity building and technology transfer.” He said.

The Minister urged the industry to embrace challenges posed by divestments to promote diversification.

He identified that the stakeholders must forge ahead with a vision where the oil and gas industry serves as a catalyst for socio economic development.

The Minister also reiterated the commitment of the Government to foster local content development.

He reiterated the commitment of the FG to promoting decarbonization, cleaner and sustainable energy practices.

The Minister revealed that the government is investing heavily in technology and fostering innovation to reducing emissions.

“To achieve this goals, collaboration amongst local players and communities is paramount to promote clearer energy initiatives and investments.” The Minister stated.

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IPPG seeks review of NOGICD act to promote competition, investments



The Independent Petroleum Producers Group (IPPG) has called for a review of some sections of the Nigeria Oil and Gas Industry Content Development Act (NOGICD) 2010 to promote competition and increase investments.

Speaking at the 12th Practical Nigerian Content Forum hosted by the Nigerian Content Development and Monitoring Board (NCDMB) in Yenogoa, Abdulrazaq Isa, Chairman of the IPPG and CEO of the Waltersmith Petroman Oil Limited said: “Our industry is witnessing a transformational shift and this continues to underscore the repositioning of our industry.”

“As an industry, we must remain focused and rapidly exploit our vast hydrocarbon assets for the economic development of our nation. It is therefore important that we look inward to develop the socio-economic landscape of our country.”

“The NOGICD act 2010 is capable of unlocking the economic potential of Nigeria and being an enabler for rapid industrialization.”

Abdulrazaq urged the NCDMB to ensure that local content policies are evaluated and fit for purpose and not counterproductive to the industry’s growth and cost targets.

The IPPG Chairman identified the human capital development requirement of the act as a case point noting that it amounts to multiplication of levies and invariably leads to higher project costs as the companies themselves don’t benefits from the funding dedicated to developing human capital.

He also explained that the multiplicity of levies though unintended to promote local content participation is contributing to low compliance with the act and divestment of investments by foreign operators.

Abdulrazaq noted that the oil and gas industry is a global market and thus as much as the government wants to priotize local content, it must also make the industry globally competitive.

He highlighted that the government must contijue to recognize foreign oil and gas companies as important as they have a part to play in technology transfer pending when local players improve their capacity to support offshore exploration.

The IPPG Chairman also praised the NCDMB ES for raising the bar in local content development.

He noted that the Practical Nigerian Content has always provided a platform for fostering key colloborations in developing the NOGICD for local content development.

The 12th Practical Nigerian Content Feoum holding in Yenagoa, Bayelsa State is themed “Deepening Nigerian Content amidst divestments, domestification and decarbonisation.”

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