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JUST IN: An End To Crude Oil Theft in Nigeria Underway – Uzodinma
The Chairman of the National Executive Council (NEC) Committee on Crude Oil Theft and Management, Hope Uzodinma, said Thursday, ‘there is an end in sight to crude oil theft in Nigeria.”
Uzodinma – the Governor of Imo State, who gave this assurance, described crude oil theft in Nigeria as a “monster”, that the menace is particularly worrisome, and tackling it decisively will improve the oil production profile of the country.
Uzodinma , had after a meeting of the Committee in Abuja, also ruled out the importation of crude oil in Nigeria but expressed optimism of an end to it.
He said that the report of the committee, if implemented by NEC will stop crude oil theft in Nigeria.
The committee had during its last meeting in January 2024 developed an action plan and roadmap that would be used to confront crude oil theft head on, and resolved to identify the areas of leakages, likely causes and way forward.
He said, “This is Sub-Committee on National Economic Council and our job is really to look into crude oil theft, and prevention of the theft. Arising from that, we did a lot of fact findings, we made a lot of consultations. We spoke to critical stakeholders and we are beginning to see light at the end of the tunnel.
“It is our hope that at the end of this assignment, we will put together a report that is very bold and courageous that will be useful to NEC, and if implemented, will stop this monster called crude oil theft. Then, our natural resources endowed by God, oil and gas, we will be able to tap into it and develop our country.
“The implications of increasing production and reducing losses is that we will become more solvent, our Naira will also be stronger and access to foreign exchange easy. In consequence of that, the cost of living will come down, and prices will begin to come down, inflation will also begin to reduced.”
“Nigeria Not Importing Crude Oil”
Uzodinma said, “I don’t think and I have never seen it anywhere that Nigeria is going to import or is importing crude oil. Of course, the sector is gradually being deregulated.
In our private refineries, of course under the open market system, private refineries can buy their crude oil from any market, anywhere in the world.
But for Nigeria as a country, currently we are exporting crude oil, I pray that there will be a day when we begin to import crude oil to augment what we have for the purpose of manufacturing and stimulating our economic activities.
“In South Korea, they have 22 refineries, and they don’t produce one barrel of crude oil. All the crude oil they use for processing or for servicing the refineries are all imported and it is defined and developed economy.
News
LASEMA rescues 12, 3 dead bodies at Ajuwon building collapse
Dr Olufemi Damilola Oke-Osanyintolu Permanent Secretary, LASEMA, disclosed this while giving an update at the scene of the incident…
The Lagos State Emergency Management Agency (LASEMA) said Tuesday twelve persons have been rescued alive, while three bodies have been recovered while search and rescue operations are ongoing at the collapsed building in Ajuwon, a border community between Ogun and Lagos State.
Dr Olufemi Damilola Oke-Osanyintolu Permanent Secretary, LASEMA, disclosed this while giving an update at the scene of the incident, said that following the approval of Governor, Babajide Sanwoolu, LASEMA deployed its specialised rescue team and heavy equipment to support the Ogun State Government and other responding agencies.
” Working alongside officials of the Ogun State Government, NEMA, the Nigeria Police Force, the Amotekun Corps and other stakeholders, 12 persons were rescued from the rubble and three bodies have been recovered,” he said.
According to him, the operation is now at ground zero, with responders excavating below the foundation level to ensure no victim remains trapped before the operation is concluded.
An adjoining bungalow, compromised by the collapse, will also be carefully demolished to eliminate the risk of a secondary collapse.
LASEMA commends the collaboration among all responding agencies and extends its condolences to the families of the deceased while wishing the injured a speedy recovery.
The Agency also urges property owners and developers to comply with building regulations and carry out periodic structural integrity assessments to prevent similar incidents.
News
Billionaire Dangote to donate one-third of wealth to philanthropy,says daughter
According to the Bloomberg Billionaires Index, Dangote’s net worth is estimated at $35.1 billion, meaning one-third of his current fortune would amount to about $11.7 billion if maintained at that level.
[File photo): Aliko Dangote and his daughters
Halima Dangote, the daughter of Africa’s richest man, Aliko Dangote, has revealed plans by her father to donate one-third of his wealth to charity.
Halima, a trustee of the Aliko Dangote Foundation, disclosed the arrangement in an interview with Bloomberg published on Tuesday.
According to her, the billionaire had secured his family’s support to dedicate 33 percent of his estate to philanthropy.
According to the Bloomberg Billionaires Index, Dangote’s net worth is estimated at $35.1 billion, meaning one-third of his current fortune would amount to about $11.7 billion if maintained at that level.
Explaining the decision, Halima said her father considers philanthropy central to his legacy and has embedded it into the family’s long-term succession plans.
News
BREAKING: Two-Storey Building Collapses in Ajuwon, Residents Feared Trapped
A two-storey residential building has collapsed along Baale Road (also referred to as Baale Street) near Ajuwon Bus Stop in Ajuwon/Akute, Ifo Local Government Area of Ogun State, on Monday, 27 July 2026, leaving several occupants feared trapped under the rubble.
The incident, which occurred in the Lagos-Ogun border community, triggered panic among residents and passers-by as the structure gave way unexpectedly. Crowds quickly gathered at the scene while waiting for emergency responders. Eyewitnesses described chaotic scenes of people attempting to dig through the debris by hand.
According to one eyewitness identified as Anthony, only a single male occupant managed to escape before the building became completely inaccessible. The survivor reportedly told those at the scene that his wife and children remained trapped inside.
Preliminary reports indicate that at least three people — including a grandmother, her toddler grandchild, and another man — have been rescued from the rubble and taken to hospital. Several others are still feared trapped. The exact number of people affected, including any injuries or fatalities, has not been officially confirmed by authorities at the time of reporting.
The Executive Chairman of Ifo Local Government, Hon. Idris Kusimo, has arrived at the scene and is coordinating with residents and responders. Rescue operations involving locals and emergency personnel are ongoing.
Urgent Appeal
An urgent call has gone out to the Ogun State Government, Ogun State Emergency Management Agency, relevant state fire and rescue services, the National Emergency Management Agency (NEMA), and all other emergency responders to immediately mobilise fully equipped teams to the location to rescue those still trapped beneath the debris.
Further updates will follow as official information becomes available. Residents in the area are advised to stay clear of the site to allow unhindered access for rescue teams.
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