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Reps Task CBN On Access To N250bn Gas Expansion Fund

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The House of Representatives has urged the Central Bank of Nigeria (CBN) to remove bottlenecks preventing Nigerians from accessing the N250 billion gas expansion facility at the bank.
Rep. Benson Babajimi, the Chairman of the ad hoc committee on petrol price hike, said this on Wednesday when CBN officials appeared before the committee.
Babajimi said the removal of the bottlenecks would cushion the effect of the removal of petrol subsidy on Nigerians.
“My point is that you oversight the commercial banks, you have the right and powers to remove bottlenecks.
“The information we are giving to you is that you go back and see how you can make the process seamless”, he said.
Responding, the Programmes Manager, CBN, Mr Clement Osawi, acknowledged that the bank had an intervention fund called Oil and Gas Stabilisation Fund.
He said as a matter of procedure, most CBN interventions went through commercial banks to qualified beneficiaries.
Osawi said that the commercial banks had the responsibility to do the due diligence and feasibility studies on beneficiaries.
“From what you are saying, it is like a new venture where it is very difficult to assess the capacity of the person requesting for the funds.
“So the likelihood of them having access to large sums is very difficult; it is easier to give CBN funds to establishments with clear track records otherwise, CBN will be accused of just giving someone who is not doing anything with funds.
“For IPMAN to have mentioned it, they were informed that the facility exists; CBN can announce that there is a facility and ask commercial banks to send those qualified beneficiaries.
“You can stay for two years, they won’t send one; this is because having drafted the criteria, the commercial bank will tell you, we have checked this customer, we have checked the other customer, it is not okay”, he said.
Osawi, however, said he would carry the message of the committee to the management of the apex bank for further actions.
Osawi blamed the current hike in petrol price on exchange rate and other factors playing out in the global oil market.

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FRSC To Begin 24-Hour Patrol To Curb Crashes

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The Corps Marshal of the Federal Road Safety Corps, Shehu Mohammed, yesterday lamented the spate of fatal road crashes in September.
He specifically raised concerns about the accidents that occurred on September 8 in Niger; September 12 in Sabon Wuse, and September 15 in Kaduna State.
These three incidents, according to him, resulted in the tragic loss of at least 91 lives. Speaking during a meeting with fleet operators and other stakeholders in Abuja, Mohammed expressed frustration that despite the government’s efforts to provide and maintain transport facilities according to global standards, many drivers continue to undermine these efforts with reckless behavior on the roads.
“In the last month or thereabouts, the corps witnessed three landmark crashes that were caused by negligence, fatigue, speeding, night trips, and dangerous driving.
“These three landmark crashes include that of Niger State, which occurred on September 8, 2024, and killed 48 people; that of September 12, 2024, which killed 18 people in Sabon Wuse; and that of September 15, 2024, which happened in Kaduna State and led to the death of 25 people. These three crashes alone, which proved to have been obviously avoidable, claimed the lives of 91 people. This is alarming and it calls for concern.”
Mohammed ordered commanding officers to ensure round-the-clock enforcement of traffic laws.
He also disclosed that a special operation would be conducted to address the incessant accidents recorded across the country.
Mohammed said, “I am compelled to state that the spate of crashes recently recorded is, however, very disturbing, and every step must be taken to avert continued future occurrences. It is against this backdrop that I have directed Commanding Officers to ensure round-the-clock enforcement of traffic offenses to mitigate these excesses. A special patrol operation will be instituted, and enforcement will be carried out nationwide.”

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Jubilation As Rivers Community Gets New Paramount Ruler

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There was jubilation in Kpean community in Khana Local Government Area of Rivers State following the installation of Engr Lucky Ewoh as the new paramount ruler of the community.
Sources from the community had it that Lucky who is from the Gbene-Ewoh royal family of Kpean succeeded Chief Nwineh Bariyiramue who was allegedly deposed by the community.
Speaking in an interview with newsmen during the installation ceremony, former chairman of the governing council of Kpean community Prof Patrick Nwinyokpugi said the people are happy over the emergence of Engr. Lucky Gbene-Ewoh as their new paramount ruler.
Prof. Nwinyokpugi said this can be seen from the massive turnout of both men and women for the installation as well as the celebration across the community.
He alleged that the former paramount ruler was deposed following his inability to restore peace to Kpean as well as check the incessant cult killings in the community.
“Some years ago, we got a judgment in favour of the deposed chief, but four years down the line, lots of atrocities have happened. Just last month a young boy was murdered and his head severed off his body, heart and private part taken away and the matter was not reported to the police by the deposed chief”, he said.
Prof. Nwinyokpugi said the community has confidence that the new chief will not derail and describe it as a new dawn in the community.
Also speaking, the youth leader of Kpean Community, Comrade Lemii D. Petaba said the installation of Chief Lucky Ewoh at the community sacred square , shows its acceptability not only by the people by also by the gods of the land.
According to him, “today the Gene-Ewoh royal family is introducing a new paramount ruler to us and the people are happy”
He said the occasion was to officially install him and to do the traditional rights that follows.
Speaking later with newsmen, the new paramount ruler, Chief Lucky Gbene-Ewoh thanked his people for the confidence reposed on him, promising not to fail them.
He also pledged to ensure the returns of peace to the community.
Meanwhile, efforts made to reach the alleged former paramount ruler proved abortive as neither his phone contact nor his residential address in Portharcourt could be reached.

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Kano Dissolves 44 LG Caretaker Excos

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The Kano State Governor, Abba Yusuf, has dissolved the caretaker chairmen of all the 44 Local Government Areas in the State.
The governor announced the dissolution at a special meeting held at the Government House, Kano, on Wednesday.
This was disclosed in a statement by the Governor’s spokesperson, Sanusi Bature.
This comes a week after the state House of Assembly approved a two-month extension for the caretaker chairmen, as their tenure expired on September 8, 2024.
The extension, slated to run from September 9 to November 9, 2024, was to ensure continuity in local governance.
The governor, however, dissolved the council, as the council election had been slated for October 26, 2024.
“With local government elections scheduled for October 26, 2024, Governor Abba Yusuf has directed the caretaker chairmen to hand over leadership of the councils to their respective Directors of Personnel Management.
“This dissolution applies to all chairmen, vice chairmen, secretaries, and councillors,” the statement read.
The governor thanked the caretaker chairmen for their contributions to the development of their areas and hinted at potential future collaborations.
However, he warned the DPMs against political interference and asked them to discharge their duties as required by law.
“We are warning the DPMs to make sure they do not interfere in any political activities as respected civil servants but to discharge their duties as required by the law.
“I have directed the anti-corruption commission to arrange a seminar for them to enhance their capacity,” the governor said.
The caretaker chairmen also thanked the governor for the opportunity to serve their communities.

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