Tinubu Shock NNPC, Terminate all Crude Oil Swap Contracts

 Breaking News !!!! 

NNPC And Private Firms Will Now Purchase Petroleum Products In Cash

Tinubu instructed NNPC Limited to Terminate all Crude Oil Swap Contracts And Have Decided To Pay Cash For Petrol Imports and exports.

NNPC And Private Firms Will Now Purchase Petroleum Products In Cash .

Most Of Our Crude Oil Will Now Go To Refineries in Nigeria 

He has instructed a full audit of all Nigeria Refinery in 14days.

Likewise instructed all local refinaries should be fully functional in the next 6months,All hands on desk.

JAGABAN MEANS BUSINESS.

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President Tinubu today announce the appointment of former Economic and Financial

Sources close to the presidency informed THE WHISTLER that Ribadu was picked ahead of two other candidates that were being considered for the top security job.

 President Bola Tinubu will any moment from today announce his appointment of former Economic and Financial Crimes Commission (EFCC) chairman, Nuhu Ribadu, as National Security Adviser (NSA).

As part of his efforts to fulfill his promise of delivering a “bold, no-nonsense crime prevention reform” to safeguard Nigerians, President Tinubu evaluated the three candidates for the NSA position before finally settling for Ribadu who is widely regarded as one of Nigeria’s experienced individuals in the field of security and law enforcement.

The two other candidates that were also considered are former Minister of Interior and ex-Chief of Army Staff, retired General Abdulrahman Bello Dambazau; and the current Director-General of the National Intelligence Agency (NIA), Ahmed Rufai Abubakar.

The NSA serves as the principal adviser to the President on security matters, responsible for coordinating various security agencies, providing intelligence assessments, and formulating policies to address the nation’s security challenges.

The NSA position requires a capable and experienced individual who can navigate complex security issues and provide effective counsel to the President and Tinubu, according to sources, was determined to pick an individual who can help to effectively address the pressing security challenges facing the nation.

While the appointment is yet to be officially confirmed, insiders told THE WHISTLER that President Tinubu holds Ribadu in high regard and values his expertise and dedication to public service. The selection of Ribadu, when announced, will count among the first few important appointments to be made by the newly sworn-in president

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Your govt is temporal - Atiku tells Tinubu

 

Atiku Abubakar has expressed confidence that he will reclaim his alleged stolen mandate at the court.

He, therefore, referred to the President Bola Tinubu-led APC administration as a “temporary government”.

Atiku or Peter Obi who is taking over the so called Asiwaju “Temporary government”?? Both men need to decide who came 2nd position first before fighting for the Top position! 

Same Atiku called Buhari administration temporary after 2019 election and Buhari has completed his term

Atiku Abubakar who addressed elected officials of the PDP during a stakeholders meeting held at the Government House Banquet Hall in Bauchi on Saturday, charged members of the National Assembly of the PDP not to be “rubber stamp members of the National Assembly”.

He added; “You are there to serve as a formidable opposition to this temporary administration.”

According to him, “Based on the results announced by the INEC and pending the determination of electoral challenges in the court, our members elect are not the majority in the National Assembly.

“So, for the time being, they have to prepare to work as an effective, constructive opposition while also preparing for possible roles of the majority party when the cases are resolved. A Government in waiting, so to speak.”

Atiku Abubakar stressed that, “In the recently concluded elections, our party campaigned on specific things, Nigerians are therefore expecting you to work on how to fulfil those campaign promises. That you are not among the INEC selected members is not an excuse not to perform, you must collectively work to put the temporary government on the right direction to serve Nigerians. Don’t be part of rubber stamp.”

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Court Admits Results For Seven States Tendered By Labour Party, Obi

 

admitted were results from Niger, Adamawa, Oyo, Bayelsa, and Edo states tendered by the LP.

At Thursday's proceeding, the Labour Party candidate tendered results from 115 local government areas (LGAs)

At the hearing presided over by Justice Haruna Tsammani on Friday, lead counsel to Obi informed the court that he had a schedule of more evidence which they desire to render before the court.

The counsel continued with evidence (election results) from Rivers and Kogi states, presenting certified true copies of INEC election results from six local government areas (LGAs) in Rivers as evidence.

Also admitted were results from Niger, Adamawa, Oyo, Bayelsa, and Edo states tendered by the LP.

The petitioner also presented additional certified true copies of election results from Bida LGA of Niger and 21 LGAs in Adamawa.

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BREAKING NEWS President Tinubu as made 3 appointments

 

💥 BREAKING NEWS President Tinubu as made the following appointments this afternoon :. 

*️⃣ CHIEF OF STAFF is the out going speaker of the House of Reps Honourable Femi Gbajabiamila .

*️⃣ DEPUTY CHIEF OF STAFF is Senator Ibrahim . Hadejia.

*️⃣ SECRETARY TO THE GOVERNMENT is a 2 term former former governor of Benue State, Senator George Akume. .

President Bola Ahmed Tinubu on Friday in Abuja announced the appointment of Speaker of House of Representatives, Rt. Hon. Femi Gbajabiamila as Chief of Staff.

The president also appointed Sen. Ibrahim Hassan Hadejia, a former Deputy Governor of Jigawa State, as Deputy Chief of Staff.

In a meeting with the Progressives Governors Forum (PGF), the President also named a former Governor of Benue State and immediate past Minister of Special Duties, George Akume, to serve as Secretary to the Government of the Federation (SGF).

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NNPC NATIONWIDE Petro PRICES IS ILLEGAL!

LEAKS: NNPC LTD NATIONWIDE PMS PUMP PRICES IS ILLEGAL!

The new pricing template released by the NNPC Ltd is illegal to the extent that both the 2023 Appropriation Act and the former PMB's Federal Government through the former Hon. Minister of Finance approved that the fuel subsidy removal policy is to come into effect on June 31st, 2023 as provided for in the 2023 Appropriation Act. 

Hence, what is going on at the moment in this regard is illegal. Both the NNPC Ltd and the downstream regulator are in defiance of the Appropriation Act and directive of the Federal Ministry of Finance on this matter. 

Furthermore, the new pricing template released by the NNPC Ltd is a mere allocative pricing regime and not free market competitive supply and demand driven pricing regime!

The new pricing regime or template defies the basic and fundamental principles of a deregulated pricing regime as championed by the government, the NNPC Ltd and private market operators in the industry!!

And, by the way, it is not the statutory responsibility of the NNPC Ltd to generate a pricing template for petroleum products. It is the statutory responsibility of the downstream regulator (probably, in consultation with the President or his designated Minister of Petroleum and or Finance).

NNPC Ltd  is an operator in the industry like Dangote Refinery and Petro Chemicals Ltd, Oando, etc etc. Therefore, it cannot wear two caps at the same time; operator and regulator!!!

Even if the new price template is applicable to the NNPC Ltd retail outlets only, there is the need for the NNPC Ltd Management to obtain permission or clearance from the downstream regulator for them to adjust its prices upward in the market just as it is with the electricity supply and the telecoms industries whereby the Nigerian Electricity Regulatory Commission (NERC) and Nigerian Communications Commission (NCC) are the statutory entities respectively that permit electricity tariff and telecoms rates changes or upward adjustments.

Therefore, it is illegal to start charging new PMS price before June 31st 2023.

Finally, President Bola Ahmed Tinubu (PBAT) swore to an Oath of office and Alligiance to the Constitution of the Federal Republic of Nigeria and the Law in running his administration. This illegal act by the NNPC Ltd is a dent on and an affront to the Oath of office sworn by PBAT on Monday, May 29th, 2023!!!

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