Latest News
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.
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.
Latest News
“MY DAD WAS BABANGIDA’S ENEMY #1!” — TV Host Morayo Brown Exposes Dark Military Era Rivalry!.
Speaking during a recent interview on Jay On Air TV, the broadcaster recounted her father’s fearless pro-democracy activism, detailing how his defiance against military dictatorship led to state intimidation, imprisonment, and eventual exile.....KINDLY READ THE FULL STORY HERE▶
Speaking during a recent interview on Jay On Air TV, the broadcaster recounted her father’s fearless pro-democracy activism, detailing how his defiance against military dictatorship led to state intimidation, imprisonment, and eventual exile.
Imprisoned Alongside Beko Ransome-Kuti
According to Morayo, her father’s relentless public criticism of the Babangida regime made him a prime target for state security forces, leading to frequent harassment and detentions.
Key details shared during the interview include:
-
Relentless Persecution: Her father faced constant surveillance and intimidation due to his vocal stance against harmful government policies.
-
Shared Prison Cells: He was detained multiple times, sharing cell blocks with prominent human rights crusaders, including the late Dr. Beko Ransome-Kuti.
-
Forced Into Exile: As threats from the military government intensified, remaining in Nigeria became untenable, forcing him to flee the country to escape state-sponsored retaliation.
A Legacy of Courage and Conviction
Reflecting on how her father’s political battles shaped her personal outlook, Morayo highlighted his refusal to be silenced in the face of tyranny as her main inspiration.
“My father was an activist; I grew up knowing he was one of Babangida’s top enemies. Babangida deeply despised him and hated him with passion.
My father shared prison cells with Beko Ransome-Kuti and others. He had to go into exile because Babangida was chasing him.”
She added that witnessing his bravery firsthand instilled in her a lifelong commitment to speaking truth to power and standing firmly for her beliefs.
Latest News
ACF SLAMS PETER OBI: “Nobody Appointed Him As A Mediator Between North And South!”
The Arewa Consultative Forum (ACF), the apex socio-cultural group of Northern Nigeria, has outrightly dismissed the reported one-term presidential agreement between Peter Obi, the presidential candidate of the Nigerian Democratic Congress (NDC), and his running mate, Rabiu Kwankwaso.....KINDLY READ THE FULL STORY HERE▶
The ACF labeled the secret arrangement illegal, unconstitutional, and a product of pure political desperation.
“Nobody Sent Them to Negotiate for North or South”
Speaking in an interview with Leadership, the ACF National Publicity Secretary, Tukur Muhammad Baba, emphasized that neither Obi nor Kwankwaso possesses the authority to negotiate power rotation between the regions:
-
No Mandate: Nobody commissioned either candidate to broker a presidential deal between the North and the South.
-
Self-Interest: The pact is driven strictly by personal political ambitions rather than public service.
-
Unconstitutional Concept: Leadership rotation is strictly an internal political party affair, not a constitutional requirement, and cannot be forced onto the nation.
Why ACF Wants Voters to Reject the NDC Ticket
Baba argued that rather than convincing Northern voters to support their campaign, the one-term agreement is a strong reason for Nigerians to reject both candidates at the 2027 polls.
“Suppose Peter Obi wins by chance and performs exceptionally well; would it make sense to force him out after just four years for an unproven candidate? It simply makes no sense,” Baba stated.
“Nigerian politicians should not act as if attaining power is all that matters. The fact that they signed such an agreement shows they do not wish this country well.”
Latest News
NATIONAL OUTRAGE! Kwankwaso Drops Shocking Bombshell: “We Will Negotiate With Terrorists And Criminals!”.
During an appearance on Channels Television’s Politics Today, Rabiu Kwankwaso, the vice-presidential candidate for the Nigeria Democratic Congress (NDC), outlined the party’s strategy for addressing insecurity ahead of the 2027 elections. He stated that an NDC administration would engage with everyone, including criminals and terrorists, to help deter their actions. Kwankwaso noted that local residents in affected areas are well-aware of the identities and locations of these outlaws, but they often withhold information from security forces out of fear due to negative past experiences when reporting them.....KINDLY READ THE FULL STORY HERE▶
-
latest11 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
