NEWS
Nigeria’s 64th Independence: Obi Urges Leaders To Ponder Contributions To Failures
The presidential candidate of the Labour Party in Nigeria’s 2023 election, Peter Obi has urged Nigerians, particularly the political class to take dedicate Nigeria’s 64th independence day to sober reflection, so as to help the country achieve her potentials.
He took to his verified handle on micro-blogging site, X, on Tuesday to assert that though Nigeria’s independence journey started on October 1, 1960, “the leaders, whose actions and inactions have contributed to the stagnation and glaring failures we are witnessing at present,” need to ponder.
Obi maintained that “We are also ranked among the most corrupt countries, and we are noted for our disregard for the rule of law.” He also observed that “Our nation continues its dangerous dance on the edge of a precipice.”
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According to him, “On this day, therefore, we must make a solemn commitment to build a nation that is truly independent from the state capture that has dragged it into failure and kept its people in suffering.”
Obi wrote, “Anniversary celebrations, whether for an individual or a country, offer opportunities to reflect on memories, celebrate accomplishments, look toward the future, and express gratitude.
“This is exactly what we are doing today as our dear nation marks its 64th independence anniversary.
“It is now 64 years since Nigeria took charge of its destiny and embarked on the journey toward development as a sovereign nation.
“Today is a day to appreciate God for abundantly blessing us with natural, human, and material resources to build a great nation.
“However, for me, this should also be a day of sober reflection for every Nigerian, especially for us, the leaders, whose actions and inactions have contributed to the stagnation and glaring failures we are witnessing at present.
“As the saying goes, an unexamined life is not worth living. We must, therefore, examine ourselves in the light of our nation’s journey over the past six decades.
“Have we lifted our people out of poverty, or have we driven more into it? Have we made education accessible to every Nigerian child, or have we allowed an army of over 18 million out-of-school children to roam the streets? Have we built a productive economy, or have we created a nation with the worst debt profile in its history?
“By every measure of development, from the critical areas to the smallest aspects, we are underperforming. We rank poorly in security and peacefulness, making us one of the most insecure nations globally.
“We are also ranked among the most corrupt countries, and we are noted for our disregard for the rule of law.
“Our nation continues its dangerous dance on the edge of a precipice.
“When we compare ourselves to countries that gained independence around the same time—before or after us—Nigeria stands out as a nation in decline, urgently in need of rescue from further decay.
“On this day, therefore, we must make a solemn commitment to build a nation that is truly independent from the state capture that has dragged it into failure and kept its people in suffering.
“We must create a nation free from tribal disunity and religious disharmony.
“We must build a New and Productive Nigeria that prioritizes the well-being of its citizens.
“That is the independence we should celebrate as a nation whose greatness remains POssible. -PO”
NEWS
Middle East Crisis Forces DPRP to Buy More Crude Locally
The raging US-Iran war which has continued to put pressure on the global oil markets has compelled refiners and traders to rethink traditional supply routes.
Consequently, the Dangote Petroleum Refinery & Petrochemicals (DPRP), has increased its sourcing of crude oil from Nigeria.
The development is providing support for Nigerian crude grades while reinforcing the country’s push to process more of its oil domestically. It comes amid shipping and cargo delivery records that revealed a total of 1.83 million metric tonnes of crude oil from Nigerian production streams in May 2026.
The deliveries, made through the refinery’s offshore Single Point Mooring terminals, SPM-C1 and SPM-C2, involved 15 crude cargoes sourced from some of Nigeria’s biggest oil-producing assets. The crude grades supplied to the facility included Qua Iboe, Bonny Light, Bonga, Forcados, Utapate, Okwori and Odudu.
The increased reliance on domestic feedstock underscores the growing role Nigerian crude is playing in sustaining operations at Africa’s largest refinery at a time of heightened uncertainty in the international oil market.
According to Bloomberg, the DPRP has stepped up purchases of Nigerian crude as overseas buyers scale back acquisitions of some West African grades amid concerns over Middle East oil supplies.
The shift has reportedly helped strengthen premiums for Nigerian crude relative to Angolan grades, highlighting how geopolitical tensions are beginning to reshape long-established trading patterns.
The report read, “Nigeria’s massive Dangote refinery is boosting purchases of the country’s crude, helping to stem waning demand for grades from West Africa in light of uncertainty over the resumption of oil shipments from the Middle East.
“Dangote’s ramp-up in buying has boosted the price of Nigerian crude grades compared with those from Angola. The two countries make up the backbone of West Africa’s oil market but have seen premiums for their physical crude grades take different directions as the Iran war drags on.”
Beyond the immediate effect on crude pricing, the trend reflects a deeper transformation within Nigeria’s oil industry.
For decades, Nigeria exported most of its crude oil while depending heavily on imported refined petroleum products to meet domestic demand. The establishment of the $20bn DPRP was intended to reverse that trend by creating sufficient local refining capacity to process a significant share of the country’s crude output.
Now, with global energy supply chains under pressure from the Iran conflict and concerns over the security of key shipping routes, the refinery is emerging as one of the largest domestic buyers of Nigerian crude.
The development could help retain more value within the Nigerian economy through increased local processing while reducing the country’s exposure to volatile international fuel markets.
The refinery’s growing appetite for Nigerian crude comes at a time when it is expanding its operational capacity. Earlier this month, the company announced that it had processed 700,000 barrels of crude oil per day during a performance test, surpassing its official nameplate capacity of 650,000 barrels per day.
The feat marked the first time the facility had exceeded its installed capacity and further cemented its status as the largest refinery on the African continent. The company is also seeking to raise approximately $1bn through a private placement ahead of a planned public listing, in a move expected to value the business at about $39.1bn.
ALSO READ: SERAP Sues NNPC Ltd over ₦5.9bn Incorporation, Rebranding Expense
In addition, the refinery’s influence is increasingly extending beyond Nigeria’s borders. Exports of petrol, diesel and aviation fuel from the facility have expanded across African markets and into other international destinations, helping to reduce the continent’s dependence on fuel imports from Europe and the Middle East.
NEWS
SERAP Sues NNPC Ltd over ₦5.9bn Incorporation, Rebranding Expense
The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Nigerian National Petroleum Company Limited (NNPC Ltd) to court over the oil major’s failure to account for approximately ₦5.9 billion expended its incorporation, transition and rebranding from the NNPC into NNPC Ltd.
According to the SERAP, the NNPC Ltd paid over ₦2.9 billion for incorporation expenses from petroleum product proceeds, while the National Petroleum Investment Management Services also charged a similar amount against the crude oil revenue for the same purpose, bringing the total to ₦5.9 billion.
Consequently, the organisation is seeking “an order of mandamus to direct and compel the NNPCL to account for about ₦5.9 billion allegedly spent on the rebranding of the NNPC to the NNPCL.”
It is also asking the court to “direct and compel the NNPCL to provide a comprehensive reconciliation statement detailing the specific financial transactions relating to the ₦5.9 billion expenditure, including the identities of the contractors involved, and how the funds were utilised for the rebranding of NNPC to NNPCL.”
ALSO READ: Osun Accuses MURIC of Misinformation Campaign
The SERAP further asked the court to “direct and compel the NNPCL to disclose the names and official positions of the government officials who authorized and approved the release and expenditure of the ₦5.9 billion reportedly spent on the rebranding of NNPC to NNPCL, and to clarify whether the expenditure complied with applicable procurement laws and due-process requirements.”
The order of mandamus is contained in suit number FHC/ABJ/CS/1248/2026 filed at the Federal High Court in Abuja, according to a statement issued on Sunday by the NGO’s Deputy Director, Kolawole Oluwadare.
Filed on behalf of the SERAP by its lawyers, Oluwakemi Agunbiade, Kehinde Oyewumi and Andrew Nwankwo, the suit also noted that the Senate Committee on Public Accounts reportedly raised concerns over the expenditure described as incorporation and transition costs during the transformation process.
“The Committee described the spending of the ₦5.9 billion as excessive, unjustifiable, and deserving of further explanation, investigation, and legislative scrutiny in the public interest,” the SERAP noted.
The SERAP argued that there is a legitimate public interest in the disclosure of the details sought.
“The NNPCL has a legal responsibility to explain whether the ₦5.9 billion expenditure represents value for money, constitutes lawful spending of public funds, and complies with applicable due process requirements.
“There ought to be full transparency and accountability regarding the reported ₦5.9 billion spent on rebranding NNPC to NNPCL. Nigerians have the right to know who approved the expenditure, who received the funds, the nature of the services rendered, and whether due process and procurement requirements were strictly followed,
“The disclosure of the identities of the officials involved and the processes followed in approving the expenditure would enable the public to assess whether the expenditure was properly authorized, represented value for money, and was undertaken in accordance with due process and procurement requirements,” it said.
It added that, given the size of the expenditure, there is “an urgent need for a prompt, thorough, and transparent disclosure of the details surrounding the spending of the funds.”
It further stated that “the failure to account for the spending of the ₦5.9 billion on rebranding from NNPC to NNPCL reflects a failure of NNPCL accountability more generally and is directly linked to the institution’s continuing failure to uphold transparency and accountability principles.”
The SERAP added that the transformation of the national oil company from the NNPC to the NNPC Ltd followed the Petroleum Industry Act (PIA) 2021, which required it to become a commercially oriented limited liability company fully owned by the federal government.
It also cited constitutional and international provisions, including Section 13 and Section 15(5) of the Constitution, as well as Articles 5 and 9 of the UN Convention against Corruption and Article 21 of the African Charter on Human and Peoples’ Rights, to support its arguments.
No date has been fixed for the hearing of the suit.
NEWS
Osun Accuses MURIC of Misinformation Campaign
The attention of the Osun State Government has been drawn to a statement by the Executive Director of the Muslim Rights Concern (MURIC), Professor Ishaq Akintola, accusing Governor Ademola Adeleke of marginalising Muslims in his administration.
The State Government in a statement issued by the Commissioner for Information and Public Enlightenment, Oluomo Kolapo Alimi charged Professor Akintola to be guided by the Quran and Hadith of Prophet Muhammad in his engagement with the Osun State Government.
“We believe Professor Akintola acted on misinformation or he is actively an agent of misinformation. Governor Adeleke is a strong believer who relates well with people of all faiths, in line with the inclusive leadership example of Prophet Muhammad (SAW). His administration has appointed qualified Muslims to key positions.
For the record, Governor Adeleke appointed Alhaji Teslim Igbalaye as Secretary to the State Government and Alhaji Kazeem Akinleye, a student of Sheikh Kamaludeen Al-Adabiyy in Ilorin, as Chief of Staff. His Spokesperson is a known Mallam of Tijaniya extraction. The Commissioner for Information is alone a deep muslim of Al-Adabiyy extraction. Several other Muslims are also serving as commissioners and heads of agencies, alongside qualified appointees of other faiths.
This administration commenced construction of the Osun Hajj Camp, ending Osun’s status as the only Southwest state without one. The governor also approved a mosque in the Government House for Muslim staff.
We urge Professor Akintola to verify facts before going public, as admonished in Qur’an 49:6.
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He should also assess government performance using verifiable data on budget execution, debt management by the DMO, and healthcare, where Osun was rated best in the Southwest for primary healthcare in 2024 and 2025.
Elections should be about jobs, security, infrastructure, healthcare, and education, not identity politics.
“We expect MURIC to judge this administration by its record of service to all citizens, Muslim and non-Muslim alike”.
Rather than feign his political attack with religious coloration, Professor Akintola should be courageous to declare his partisan interest in the opposition APC and stop using religion to do hatchet job politics.
We challenge MURIC to openly condemn the shooting of law-abiding residents (Muslims and non Muslims) of the state by APC thugs in branded APC campaign vehicles in Ile-Ife, Akoda, Owode-Ede and Osogbo, to disprove the allegation that he’s been paid by the opposition to attack Governor Ademola Adeleke.
Rather than spreading baseless misinformation, we are also of the opinion that MURIC should be more interested in cases like the sudden addition of ‘Munirudeen’ to the names of the Osun APC Governorship candidate, a name which was missing from his primary, secondary and university certificates.





