News
BREAKING: NMDPRA boss, Farouk Ahmed resigns amid corruption allegations
President Bola Ahmed Tinubu has forwarded to the Nigerian Senate the nominations of two seasoned oil and gas professionals to head the nation’s key petroleum regulatory agencies, following the resignations of the incumbent chief executives.
In a letter to the Senate, the President requested the expeditious confirmation of Engr. Saidu Aliyu Mohammed as the new Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Ms. Oritsemeyiwa Amanorisewo Eyesan as Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The nominations come after the resignations of Engr. Farouk Ahmed from the NMDPRA and Engr. Gbenga Komolafe from the NUPRC. Both outgoing CEOs were originally appointed in 2021 by former President Muhammadu Buhari under the framework of the Petroleum Industry Act (PIA), which established the two independent regulatory bodies.
President Tinubu described the nominees as “seasoned professionals in the oil and gas industry” well-equipped to drive reforms and efficiency in the sector.
**Profile of Nominees:**
– **Oritsemeyiwa Amanorisewo Eyesan (NUPRC CEO Nominee):
** A University of Benin Economics graduate, Eyesan brings nearly 33 years of experience from the Nigerian National Petroleum Company (NNPC) and its subsidiaries.
She retired in 2024 as Executive Vice President, Upstream, after serving as Group General Manager, Corporate Planning and Strategy from 2019 to 2023.
– **Engr. Saidu Aliyu Mohammed (NMDPRA CEO Nominee):
** Born in 1957 in Gombe State, Mohammed holds a Bachelor’s degree in Chemical Engineering from Ahmadu Bello University (1981). His extensive career includes roles as Managing Director of Kaduna Refining and Petrochemical Company and Nigerian Gas Company.
He has also chaired boards of the West African Gas Pipeline Company and Nigeria LNG subsidiaries. More recently, he served as Group Executive Director/Chief Operating Officer for Gas & Power at NNPC, leading strategic initiatives such as the Gas Masterplan, Gas Network Code, and key contributions to the PIA.
Mohammed played instrumental roles in major infrastructure projects, including the Escravos–Lagos Pipeline Expansion, Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline, and Nigeria LNG Train expansions. He was recently announced as an independent non-executive director at Seplat Energy.
The reshuffle is seen as part of ongoing efforts to strengthen regulatory oversight and promote investment in Nigeria’s petroleum sector amid evolving industry dynamics.
News
Boko Haram Denies Ceasefire with FG, Vows Continued Attacks
Boko Haram has strongly denied reports of a ceasefire agreement with the Federal Government and insisted that it will continue its campaign of attacks.
In a statement released by the group, the militants dismissed claims of any truce or negotiated pause in hostilities, describing such reports as false and misleading.
The group reaffirmed its commitment to ongoing operations against government forces and other targets, vowing that its attacks will persist without interruption.
The denial comes against the backdrop of persistent insecurity in the northeast and other affected regions, where the group has maintained a long-standing insurgency.
Security sources note that the latest statement appears aimed at clarifying the group’s position and rejecting any suggestion of dialogue or de-escalation with the authorities.
Military and government officials have not issued an immediate detailed response to the claim, though security operations against the militants remain active. Authorities continue to urge vigilance as the group signals its intention to sustain violence.
News
Police Raise Alarm Over Terrorists and Informants Spying on Schools, Other Targets
Police authorities have raised a serious alarm over intelligence indicating that terrorists and their informants are actively spying on schools and other sensitive targets across the country.
According to security sources, the surveillance activities form part of a broader effort by extremist groups to gather information on soft targets, with educational institutions identified as particularly vulnerable. Officials warn that such reconnaissance could be a precursor to planned attacks and have called for immediate heightened vigilance by school administrators, security personnel, and the general public.
The police statement urges institutions to strengthen access controls, report suspicious individuals or activities promptly, and cooperate fully with security agencies. “We are treating these reports with the utmost seriousness,” a senior police official said, noting that the involvement of local informants makes the threat more difficult to detect.
The military has responded by confirming that it is closely monitoring the situation. In a brief statement, military authorities said relevant formations have been placed on alert and are working in coordination with the police and other security agencies to track and disrupt any potential threats.
Security experts note that schools and public gathering places have increasingly featured in the operational planning of terrorist groups in recent years, making continuous intelligence sharing and community awareness critical to prevention. Authorities continue to appeal for calm while stressing that proactive measures are already underway.
News
Dangote Refinery IPO: SEC Warns Investors, ‘Don’t Pay Into Wrong Hands’
The warning effectively places investors on notice that interest in the IPO should not override basic due diligence, particularly in verifying where subscription applications are submitted and where payments are made.
• Aliko Dangote , flanks by her daughters and capital market regulators, during the gong opening ceremony on the NGX, Monday September 14,2026
The Securities and Exchange Commission (SEC) has warned prospective investors in the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO) against fraudsters and unauthorised platforms seeking to divert subscription funds.
The warning came as the refinery’s was quoted on the Nigerian Exchange Limited (NGX) on Monday, September 14, 2026, marking a major milestone in the company’s planned public offer.
With strong public interest expected around one of Nigeria’s largest capital-market offerings, the SEC urged investors to deal only with officially designated and approved receiving agents, subscription channels and platforms.
“The public is hereby advised to exercise caution and ensure that all applications and payments relating to the IPO are made only through the officially designated and approved receiving agents/subscription channels and platforms,” the Commission said.
The regulator’s alert highlights growing concerns over the possibility of fake investment websites, cloned platforms, fraudulent payment channels and individuals posing as authorised agents to exploit the huge interest generated by the Dangote Refinery offer.
The SEC therefore advised prospective investors to obtain information about the IPO only through the Commission’s official channels, the issuer’s official channels and other channels specifically established and approved for the offer.
The warning effectively places investors on notice that interest in the IPO should not override basic due diligence, particularly in verifying where subscription applications are submitted and where payments are made.
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