Connect with us

Latest News

Femi Falana Explains Yar’Adua’s Decision To Halt Port Harcourt Refinery Privatization

Published

on

Human rights lawyer Femi Falana has revealed the reasons behind former President Umaru Yar’Adua’s decision to cancel the sale of the Port Harcourt refinery to a Dangote-led consortium. Falana explained that the cancellation was a critical move to address legal and ethical concerns surrounding the deal and to protect Nigeria’s national interests.....KINDLY READ THE FULL STORY HERE▶

In a statement, Falana noted that the Privatisation and Commercialisation Act designates the Vice President as the chairman of the National Council on Privatisation (NCP), the body responsible for overseeing the privatisation of public enterprises. However, he alleged that former President Olusegun Obasanjo bypassed this legal procedure by excluding then-Vice President Atiku Abubakar and directly managing the privatisation of several state-owned assets.

Falana recalled that on May 17, 2007, Obasanjo sold a 51% stake in the Port Harcourt refinery to Bluestar Oil for $561 million, followed by another sale of 51% of Kaduna Refinery for $160 million on May 28, 2007. These transactions faced backlash from key stakeholders, including the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), who criticized the deals for lack of due process and alleged that Nigeria was shortchanged.

Falana further explained that the Port Harcourt refinery’s shares, valued at $516 million, were worth approximately $5 billion. He emphasized that the cancellation of the sale was not legally challenged, as it violated the principles of the Privatisation and Commercialisation Act.

He commended NUPENG and PENGASSAN for their role in safeguarding national interests and urged them to stay vigilant as discussions about the privatisation of Nigeria’s refineries continue. Falana’s statement highlighted the ongoing debate over transparency and due process in managing Nigeria’s public assets.

For More Information And News Update, Join Nivonews Whatsapp Channel With Link Below: httForps://whatsapp.com/channel/0029VaV4jB6DuMRgwqnJCF32ber 2 that the VAT sharing model inFor advertisement inquiries only, kindly send a mFor essage to 0901064981For 4 on WhatsAppn Decem the proposed reforms would unfairly benefit Lagos and Rivers state.

 

Advertisement

latest

“Nigeria Celebrate Relay Triumph To Finish Fourth At African Athletics Championships”.

Published

on

Nigeria ended the 24th African Athletics Championships on a strong note as the women’s 4x400m relay team stormed to gold on the final day, helping the country finish with a total of 12 medals.....KINDLY READ THE FULL STORY HERE▶

The quartet of Esther Okon, Toheebat Jimoh, Jecinter Lawrence, and Patience Okon-George delivered a dominant performance to successfully defend their title, winning in 3:29.25 on Sunday and finishing comfortably ahead of Ethiopia and Kenya.

Nigeria controlled the race from the opening leg and crossed the finish line nearly 30 metres clear of their closest rivals, securing the country’s fourth gold medal of the competition.

Overall, Team Nigeria finished fourth on the medal table with four gold, five silver, and three bronze medals, behind Kenya, South Africa, and Ethiopia. Kenya topped the standings with 17 medals, including six gold, while South Africa also secured six gold medals, and Ethiopia claimed five.

Nigeria’s final-day silver medal came through Rosemary Chukwuma, who finished second in the women’s 200m with a time of 23.60s, behind Ivory Coast’s Maboundou Kone, who clocked 23.36s. Chukwuma ended the championships with three medals, having earlier won gold in the women’s 4x100m relay and silver in the 100m.

The country’s campaign was led by world record holder Tobi Amusan, who claimed gold in the women’s 100m hurdles with a time of 12.83s. The mixed 4x400m relay team of Ezekiel Asuquo, Toheebat Jimoh, Victor Sampson, and Patience Okon-George also secured gold in 3:16.44, while the women’s 4x100m relay team added another title in 42.94s.

Silver medals were won by Oyesade Olatoye in the hammer throw (69.60m), Divine Oladipo in the discus, and the men’s 4x100m relay team, which finished in 38.70s. Adaobi Tabugbo earned bronze in the women’s 100m hurdles with 13.26s, while Chidera Ezeakor also picked up bronze in the men’s 100m after running 10.31s, rounding off a strong outing for Nigeria.

Continue Reading

latest

“You Were Not Arrested For Criticising Jonathan — Sowore Fires Back At Adekunle Gold”.

Published

on

Nigerian activist Omoyele Sowore has criticised singer Adekunle Gold over the legal case involving a young man identified as Adeboye Samuel.....KINDLY READ THE FULL STORY HERE▶

News reports that Adeboye was taken to court after making a social media post about the singer’s daughter.

Reacting to the development, Sowore referenced an old post by Adekunle Gold in which the singer had criticised former President Goodluck Jonathan.

He noted that the post, which circulated during the 2012 fuel subsidy protests, had gone unpunished as an expression of free speech. The post read: “Dear God, if you give us Dagrin back, we will give you Jonathan in return.”

Sowore wrote on X: “@AdekunleGold in 2012 openly criticising then-President @GoodluckJonathan. Back then, it was rightly called free speech, and if he had been arrested for those tweets, we would have been on the streets demanding his immediate release.

“How then does someone who benefited from freedom of expression turn around years later to use the police, courts, and the brutal cybercrime framework against ordinary Nigerians over online banter and social media exchanges?

“You cannot enjoy free speech when you are powerless, and criminalise it the moment you become influential. Freedom of expression must apply to everyone, celebrities, politicians, activists, and poor young Nigerians on social media alike.”

He further urged the Nigeria Police Force not to act as a “private army” for influential individuals, and called on the judiciary to avoid imposing excessive penalties on online speech cases that, according to him, should not be treated as criminal matters.

Continue Reading

latest

“Peter Obi Is Very Popular In South, North — Kwankwaso Sparks Political Debate”.

Published

on

Rabiu Kwankwaso, a chieftain of the Nigeria Democratic Congress (NDC), has called on Nigerians to move beyond ethnic and religious divisions ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

Kwankwaso made the appeal during an interview with Trust TV on Sunday, where he spoke on political alignments ahead of the polls.

The former presidential candidate of the New Nigeria Peoples Party (NNPP) said political success in Nigeria cannot be achieved by the North or Muslims alone without support from Christians and other regions.

“We must look beyond tribe and religion. We are Northerners and Muslims, and everybody knows that, but we can’t play politics without Christians, Southeast, South-South or South-west,” he said.

Kwankwaso also praised former Labour Party presidential candidate Peter Obi, describing him as a widely accepted politician across the country.

“If you look at it, Peter Obi is a very popular politician in the entire South and many parts of Northern Nigeria, and you cannot take that from him, the same with the Kwankwasiyya movement,” he said.

He further noted that supporters of the Kwankwasiyya movement are largely young Nigerians who are seeking better opportunities rather than ethnic or family-based loyalty.

“We are lucky that our supporters are mainly young men and women who are looking for a way out. They are not looking for their brothers or their sisters or somebody close,” he added.

Continue Reading

Trending

Copyright © 2023 NIVONEWS