News
BREAKING: Oodua groups back Tinubu on fuel subsidy removal
The Coalition of Oodua Self-Determination Groups has appealed to Nigerians to support the subsidy removal by President Bola Tinubu saying that he took the right decision.
The leader of the Yoruba groups, Mr Razak Olokoba, while speaking in a joint press conference held at the Airport Hotel, Ikeja, Lagos State on Tuesday, June 6, 2023, said Nigeria cannot continue to budget trillions of naira on fuel subsidy alone.
He said, “For this year, 2023, Nigeria budgeted N11 trillion of its oil revenue on subsidising petrol alone. This cannot continue. This is good money going down the drain, with little or nothing to show for it.
“This huge amount can be channelled into solving our several deficits, including, infrastructural, housing, education, healthcare and generally upgrading the quality of life for Nigerians. It will also help strengthen the naira.
Olokoba stressed that Nigeria’s economy depends 90 per cent on petroleum exports for its revenue and one-third of its Gross Domestic Product has been zero revenue from the sector, adding, “Tinubu said he inherited the assets and liabilities of the last regime. Nigeria currently owes massive local and foreign debts to the tune of N71 trillion.”
The group’s leader maintained that if the subsidy is not killed, it will kill Nigerians while explaining that since the year 2000 when the Nigerian government gave 20 refinery licences to private companies, adding that none was built apart from Dangote’s recently inaugurated.
Olokoba further encouraged competition in the oil sector, noting that it will bring about lower prices.
Details later…
Former Senator Peter Onyelukachukwu Nwaoboshi, who represented Delta North Senatorial District in the Nigerian Senate from 2015 to 2023, has died following a prolonged illness.
The news of his passing was confirmed on Friday through a statement from Delta State Governor Sheriff Oborevwori’s Chief Press Secretary, Festus Ahon. Details surrounding the exact circumstances of his death remain limited at this time.
Governor Oborevwori described the loss as a profound blow to Delta State, the Anioma nation, and Nigeria. In his condolence message, he referred to the late senator as a “dear friend” and a dedicated public servant.
“On behalf of the government and people of Delta State, I mourn the passing of my dear friend, Senator Peter Onyelukachukwu Nwaoboshi,” Oborevwori stated. “He was a proud son of Delta State and a courageous defender of the Anioma cause, whose contributions to nation-building will remain indelible.
“The governor highlighted Nwaoboshi’s impactful tenure in the National Assembly, particularly as Chairman of the Senate Committee on Niger Delta Affairs, where he advocated strongly for regional development.
Oborevwori also noted the late senator’s political pedigree, including his service as a two-time Chairman of the Peoples Democratic Party (PDP) in Delta State before his later affiliation with the All Progressives Congress (APC).
Tributes have poured in from across political lines, with the Delta State APC describing Nwaoboshi as a “fearless voice for his people” and a committed party member whose influence transcended party boundaries.
Nwaoboshi’s legacy is remembered for his courage, loyalty, and unwavering commitment to public service.
Condolences have been extended to his immediate family, the Anioma community, and all those touched by his life.
• King Wasiu Ayinde Marshall
News
Alleged N2.2bn fraud: Ngige gets bail, trials continue on January 28
The EFCC alleges that Ngige used his ministerial position between 2015 and 2023 to award contracts unfairly, divert funds, and enrich himself and associates.
Former Minister of Labour and Employment, Chris Ngige, has been granted bail by the High Court of the Federal Capital Territory in Gwarimpa.
He faces eight counts of charges bordering on abuse of office, contract fraud, and acceptance of kickbacks from contractors linked to the Nigeria Social Insurance Trust Fund.
In Thursday’s ruling, Justice Maryam Hassan adopted the terms of the administrative bail earlier granted by the EFCC.
The court ordered Ngige to produce a surety who must be a serving Federal Government director.
The surety is required to deposit travel documents with the court registrar, as Ngige claims his passport was lost.
The surety must also present landed property with a valid certificate of occupancy within the Federal Capital Territory.
The EFCC alleges that Ngige used his ministerial position between 2015 and 2023 to award contracts unfairly, divert funds, and enrich himself and associates.
The trial is scheduled to commence on January 28, 2026.
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