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Femi Falana Explains Yar’Adua’s Decision To Halt Port Harcourt Refinery Privatization
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.
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“Kano Will Fall!” – NDC Candidate Declares Total War On APC Ahead Of 2027.
Aminu Abdulsalam Gwarzo, the Nigerian Democratic Congress (NDC) governorship candidate for Kano State, has declared his firm belief that his party will defeat the incumbent administration in the 2027 elections. During a recent event to affirm his candidacy, the former deputy governor emphasized the unity between the NDC and the Kwankwasiyya movement, asserting their shared determination to lead Kano State in a new direction.....KINDLY READ THE FULL STORY HERE▶
Gwarzo reaffirmed the movement’s unwavering commitment to the ideals of its leader, Rabiu Musa Kwankwaso, stating, “We are the followers of Kwankwaso. We are here, and we continue to pray day and night. By the will of Allah, this government will be defeated in a single stroke.” He pointed to the palpable enthusiasm within the movement as clear evidence that democratic change is well within reach.
Looking toward the upcoming election, Gwarzo outlined a strategy centered on robust grassroots mobilization and consistent engagement with the electorate. He also encouraged his supporters to maintain peace and adhere to the law as the political climate heats up. Finally, he called on the people of Kano to critically evaluate the performance of their political leaders to ensure they are prepared to make informed choices at the ballot box.
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“Relief At Last!” – Dangote Refinery Slashes Petrol Price To ₦1,250 Per Litre.
The Dangote Petroleum Refinery has adjusted its gantry price for Premium Motor Spirit (petrol), lowering it from ₦1,275 to ₦1,250 per litre, marking a two per cent reduction. This price shift is attributed to a decline in international crude oil prices, which serve as the refinery’s primary feedstock. An official from the refinery noted that such adjustments are expected in a deregulated market and emphasized that the company will continue to calibrate prices based on evolving market conditions. Despite this move, current retail prices at many filling stations across Nigeria remain above ₦1,350 per litre, with costs varying by location and marketer.Beyond pricing, the refinery has been credited as a key driver of Nigeria’s improving economic outlook. S&P Global Ratings recently upgraded the country’s long-term foreign- and local-currency sovereign credit ratings from “B-” to “B,” citing factors such as stronger economic growth, increased oil production, and improved external balances. S&P specifically highlighted the operational ramp-up of the Dangote refinery’s 650,000-barrel-per-day facility as a significant contributor to the nation’s enhanced balance-of-payments position and overall economic resilience.....KINDLY READ THE FULL STORY HERE▶
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Political Grudge Match: Ganduje Mocks Kwankwaso, Declares Him His Former “Political Boy”!.
A political war of words has erupted between former APC National Chairman Abdullahi Umar Ganduje and former presidential candidate Rabiu Musa Kwankwaso. The friction began when Kwankwaso, speaking at his Kano residence, insisted that prominent politicians—including Ganduje—owe their political rise to his mentorship and cannot deny their past loyalty to him. Ganduje, currently performing the Hajj pilgrimage in Saudi Arabia, responded through his chief of staff, Muhammad Garba, by asserting that Kwankwaso was actually his own protégé. Ganduje highlighted his role in Kwankwaso’s early career, including his support during Kwankwaso’s rise to the House of Representatives and his decision to step down as a gubernatorial candidate in 1998 to serve as Kwankwaso’s deputy. Ultimately, Ganduje advocated for moving away from “godfather” labels to focus on effective leadership and peace in Kano.....KINDLY READ THE FULL STORY HERE▶
Option 2: Concise Summary
Following Rabiu Musa Kwankwaso’s claims that top Kano politicians were once his “political boys,” Abdullahi Umar Ganduje has fired back, asserting he was actually the mentor in their relationship. While Kwankwaso insisted that his former allies owe their success to his political structure, Ganduje countered by citing his own past support for Kwankwaso’s career, including his sacrifice during the 1998 Kano governorship race. Furthermore, Ganduje requested respect for the office of current Governor Abba Kabir Yusuf and urged Kano’s political class to prioritize unity over divisive rhetoric regarding past hierarchies.
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