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EFCC calls for transparency in oil sector

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The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has called for full disclosures of the Joint Venture deals in the Nigerian National Petroleum Company Limited and the oil sector in general.

The EFCC boss spoke at the Legislative Transparency and Accountability Summit organised by the House of Representatives Committee on Anti-Corruption in Abuja on Wednesday.

Bawa, who was represented by the Head of Operations, EFCC, Michael Wetcas, noted that the complexities in the oil and gas industry render the sector “vulnerable and highly susceptible to money laundering.”

He commended the House for the discourse on transparency and accountability “in a sector that is indisputably the lifeline of the nation’s economy because it accounts for roughly 80 per cent of national revenue.”

According to him, the industry is characterised by several players and dealers in the supply chain, thus creating an avenue for fraud and distortions.

“This is notwithstanding the array of legislations, regulations and directives governing various aspects of the industry,” he stated.

The EFCC boss commended the National Assembly for passing the Petroleum Industry Bill, which is now an Act of Parliament, urging the lawmakers to extend their oversight function and investigation to the increasing crude oil theft in the country.

In his words, “My office is currently engrossed in the investigation of allegations of crude oil theft, in addition to fighting corruption which is epidemic in many developing oil and gas-rich countries.

“Transparency supports accountability and reduces inefficiencies. It also enhances relationships amongst stakeholders, as it boosts trust amongst society, government and companies, thereby reducing misperceptions and local tensions.

“It is, therefore, important for the government to ensure that instituted measures aimed at enhancing transparency in the oil sector include full disclosures of NNPC Joint Venture arrangements and established clear institutional responsibilities for revenue assessment, collection and report.

“The relationship between the Office of the Auditor-General for the Federation and oversight committees of the National Assembly should also be enhanced to ensure that financial, fiscal and governance challenges relating to the oil and gas sector are analysed and discussed as much as possible.

“In addition, these steps could be combined with the examination of audit reports by parliamentary committees, allowing public hearings during the review process and the submission of reports to parliament on issues addressed in audit reports. Furthermore, the role of NEITI as the watchdog of the oil and gas sector in providing actionable intelligence to law enforcement authorities cannot be overemphasised.”

Bawa pointed out that the National Assembly has a duty through its relevant committees to ensure diligent oversight of the entities and players in different sectors of the petroleum industry.

“It should not be business as usual if we hope to derive the desired value from the nation’s hydrocarbon resources,” he stated.

EFCC calls for transparency in oil sector
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Navy has rid Calabar waterways of piracy, oil bunkering —FOC

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The outgoing Flag Officer Commanding (FOC) of the Nigerian Navy Ship (NNS) Victory, Commodore Rotimi Oderemi says the Nigerian Navy has rid Calabar water channels of piracy, smuggling, militancy and oil bunkering.

Oderemi said this during his handing over on Wednesday in Calabar, adding that the development had brought relative peace and easy movement of goods through the Calabar waterways.

He said this was made possible through the deployment of platforms and other layers covering the entire Calabar channels up to Oron bypass and Bakassi axis of the nation’s maritime environment.

Commodore Rotimi Oderemi, during his farewell parade at the NNS Victory parade ground in Calabar

According to him, these achievements were made despite obvious challenges.

Oderemi, who is now the Director of Simulation, Headquarters, Naval Doctrine Command, Lagos, also commended other security agencies for their synergy, especially in the area of information sharing.

“When I first arrived, I understood the complexities and unique challenges faced in this area of operation.

“This area comes with its own set of security concerns, ranging from combating piracy/sea robbery, smuggling, illegal oil bunkering, cultism and militancy, to safeguarding our economic assets and ensuring the safety of the people.

“It has been a task that required unwavering dedication, courage, and collaboration.

“Through relentless dedication and teamwork, we made measurable progress, striving to create a safer and more secure maritime environment,” he said.

He said that the accomplishments were not achieved in isolation as the collaborations with host communities, government agencies and other partners were instrumental in achieving the successes.

The former FOC noted that NNS Victory would continue to contribute to the growth and development of the nation’s economy even with his departure.

He attributed his success during his tour of duty at NNS Victory to the officers and men of the command, who were loyal and willing to contribute their quota to secure the nation’s waterways.

According to him:” Through the collaborative efforts of all, we also had some boats repaired while some trees were acquired.

“The result of all this is that people can now do their legal businesses in peace.

“To other security agencies, I want you to extend to my successor the synergy we had during my tour of duty here.”

Meanwhile, the new FOC of the NNS Victory, Commodore Adejumobi Oride had pledged to replicate, if not surpass, his predecessor’s achievements at the base.

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 Police advise against early report of conflict, community disorder in Ogun

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Police rescue 14 passengers from bandits in Jibia

Police Command in Ogun has called on residents of communities in the state to stop early report of conflicts to prevent incessant clashes and community disorder.

The command’s Spokesperson, CSP Omolola Odutola, who gave the advice in a statement in Abeokuta on Wednesday, stated that the call became necessary in order to ensure serenity in the communities.

“The advice followed the directive by the Commissioner of Police (CP), Mr Lanre Ogunlowo, as a result of disputes between farmers and herders in Olugbo and adjoining village in the state.

“He ordered an organisation of stakeholders’ meeting for peaceful coexistence between farmers and herders in the communities,

“The CP strongly condemn incessant cases of crop destruction and cattle killings arising from disputes between farmers and herders in the community” Odutola said

According to her, in a swift reaction, the police command, through its Odeda Division, convened Security Consultation/Stakeholders’ Meeting on Tuesday to prevent further break down of law and order.

“Other key resolutions reached included peace and tolerance among all ethnic groups to embrace peace and tolerate one another.

“There is need for compulsory collaboration with the police to enhance commitment to swift intervention in any emerging disputes to prevent violence.

“The police command remains committed to peace through full cooperation to maintain peace and security in the region,” she said.

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Council approves appointment of Prof Adamu Ahmed as new ABU VC

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ABU awards scholarships to 107 students

The Governing Council of Ahmadu Bello University (ABU) has approved the appointment of Prof. Adamu Ahmed as the new Vice-Chancellor of the institution.

This is contained in a statement issued by Malam Auwalu Umar, the Director of Public Affairs of the university on Wednesday in Zaria.

The appointment of Ahmed, he said, was on Wednesday, after the 209th Special Council meeting, presided over by its Chairman, Alhaji Mahmud Yayale-Ahmed.

NAN reports that in June 2024, President Bola Tinubu appointed Prof. Ahmed, a distinguished scholar of urban and regional planning, as the Pro-Chancellor and Chairman of the Governing Council of the Federal University of Education, Kano.

Ahmed, an academic and administrator, has spent over three decades at the ABU, where he taught and mentored students.

His academic journey began at ABU, where he earned his first, second, and PhD degrees.

Ahmed has held various leadership positions, including Head of Urban and Regional Planning, Deputy Director of ABU Consultancy Services, and Director of the Directorate of University Advancement.

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