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Nigerians React As Senate Committee Unravels Dispute Between CBN And Ministry Of Petroleum Over N135 Billion Loan Disbursement (Details)

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The Senate Committee on Gas Resources delved into the investigation of the disbursement of N135 billion by the Central Bank of Nigeria (CBN) to several oil and gas companies, resulting in a heated exchange between the apex bank and the Ministry of Petroleum during Thursday’s hearing….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

 

 

 

Committee Chairman, Senator Jarigbe Agom Jarigbe, had summoned 15 companies to account for the disbursed funds, which they were unwilling to repay.

At the investigative hearing, Mrs. Oluremi Komolafe, representing the Ministry of Petroleum, disclosed that although the intervention was initiated by the Ministry, they were not informed about the CBN’s disbursement. She clarified that the Ministry processed 150 applications, recommended 69 companies, and sent the list to the CBN for action, emphasizing that the Ministry was not involved in the list’s processing.

CBN, represented by acting Director, Project Finance, Alhaji Sahaad, defended the bank, stating that it provided guidelines for the intervention loan, but the actual disbursement was carried out by commercial banks. Senator Jimoh Ibrahim argued that CBN should have been aware and involved in the disbursement, asserting that commercial banks cannot proceed without the apex bank’s guidance.

The Committee Chairman, expressing dissatisfaction, threatened to involve anti-graft agencies to recover funds from defaulting beneficiaries. He highlighted discriminatory practices in loan disbursement, particularly by companies like Dangote Refinery and Pinnacle Oil and Gas, which used the funds for refinery and depot projects. The Committee insisted on the repayment of funds and noted violations of guidelines by certain companies.

Among the 15 summoned companies were Nigeria Independent Petroleum Company, Plc (NIPCO), Hyde Engineering and Construction Company, Pinnacle Oil and Gas, Dangote Oil Refinery, Lee Engineering and Construction Company, Nova Gas, and nine others.

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Security Breach Scandal! Peter Obi Accused Of Orchestrating Identity Fraud At International Airport!.

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A petition dated July 12, 2026, has been submitted to Aviation Minister Festus Keyamo, the Nigerian Civil Aviation Authority (NCAA), and the Economic and Financial Crimes Commission (EFCC) regarding serious security allegations. An anonymous individual, identifying as an aviation industry worker, is calling for a formal investigation into claims that Peter Obi, the presidential candidate for the Nigeria Democratic Congress (NDC), facilitated travel for a media aide using multiple identities.....KINDLY READ THE FULL STORY HERE▶

  • Circumventing Restrictions: The petitioner claims that Obi’s media aide was previously barred from flying with Air Peace due to alleged misconduct but continued to travel on the airline using different names.

  • Obi’s Alleged Involvement: The petition alleges that Obi repeatedly made arrangements to help the aide evade these airline restrictions and often accompanied her on these flights.

  • Interference with Security: It is further alleged that when traveling with this aide, Obi prevented airport staff from performing necessary identity verification procedures.

  • Evidence Cited: The petitioner claims to have attached evidence of flight tickets and Passenger Name Records (PNR) to the document to support these claims.

  • Safety Concerns: The document argues that these actions compromise aviation security and undermine the ability of airlines to enforce safety and identification protocols.

As of the report’s filing, these allegations remain unverified, and Peter Obi has not issued a public response.

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From Rivals To Rescue? Keyamo Stuns Public With Offer To Settle Peter Obi’s Airport Debt!.

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Aviation Minister Festus Keyamo has agreed to a proposal by Mr. Nnaemeka Ikerionwu to pay the ₦25,000 airport parking fine issued to Peter Obi, the presidential candidate for the Nigerian Democratic Congress (NDC).....KINDLY READ THE FULL STORY HERE▶

  • Origin of the Fine: The fine was imposed after Peter Obi allegedly violated parking regulations at the Nnamdi Azikiwe International Airport in Abuja.

  • Context of the Dispute: Keyamo previously issued a seven-day ultimatum for Obi to pay the fine and publicly apologize to airport staff following claims Obi made in a podcast interview that he was being targeted and harassed at the airport.

  • Evidence Provided: To address Obi’s allegations of unfair treatment, Keyamo released CCTV footage showing the moment the parking violation occurred.

  • Resolution and Reaction:

    • Following an offer to pay the fine by Ikerionwu, Keyamo instructed him to contact the Director of Commercial and Business Development at the Federal Airports Authority of Nigeria (FAAN) to arrange payment.

    • Despite accepting the payment, Keyamo still expects an apology from Obi to the airport officials.

    • Keyamo stated that the ministry successfully refuted Obi’s claims and warned the candidate to avoid making “outlandish” statements in the future intended to secure “sympathy votes”.

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Nationwide Renaming Spree! Major Landmarks Across Nigeria Now Bear President Tinubu’s Name!.

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The Federal Government has officially renamed the 750-kilometre Lagos-Calabar Coastal Highway as the President Bola Ahmed Tinubu Coastal Highway. Minister of Works David Umahi explained that this decision honors the President, noting that the project’s original vision began nearly 30 years ago during Tinubu’s time as the Governor of Lagos State.....KINDLY READ THE FULL STORY HERE▶

This recent renaming, announced on July 16, 2026, joins a significant and growing list of public assets and institutions that have been named or established in President Tinubu’s honor since he took office in May 2023.

Public Assets Named After President Tinubu

  • Bola Ahmed Tinubu International Airport, Minna: In March 2024, the airport—formerly the Abubakar Imam International Airport—was renamed by Governor Umar Bago to acknowledge the President’s support for Niger State.

  • Bola Ahmed Tinubu Way, Abuja: Following its reconstruction in May 2024, the Abuja Southern Parkway, which connects the Christian Centre to Ring Road One, was renamed by FCT Minister Nyesom Wike.

  • Bola Tinubu Building (National Assembly Library): Inaugurated by the President in May 2024, this newly completed library was named in his honor by the National Assembly.

  • Bola Ahmed Tinubu Technology Innovation Complex (BATTIC): Formerly the Nigeria Immigration Service command and control centre, this facility was renamed in December 2024 to serve as a hub for border security and technological innovation.

  • Bola Ahmed Tinubu Polytechnic, Gwarinpa: Established in January 2025 by the Federal Government, this institution focuses on entrepreneurial, vocational, and technical education.

  • Bola Ahmed Tinubu Barracks, Asokoro: Named by the Nigerian Army in January 2025, this new military facility features operational infrastructure, residential quarters, and sporting amenities.

  • Tinubu International Conference Centre (ICC), Abuja: Following comprehensive renovations, the Abuja International Conference Centre was renamed in June 2025 by the FCT Administration.

With the inclusion of the Lagos-Calabar Coastal Highway, at least eight major public facilities or infrastructure projects have been renamed or established to bear the President’s name during his administration.

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