NEWS
NNPC Refineries will Never Work Again – Obasanjo
As the Nigerian National Petroleum Company Limited continues its search for technical partners to operate the Port Harcourt, Warri, and Kaduna refineries, former President Olusegun Obasanjo has once again insisted that the facilities will never work.
Obasanjo spoke during a television interview aired on Saturday night by Sony Irabor Live, which was monitored by our correspondent.
He said, “One of the lessons that I learnt is that PPP (public-private partnership) works. Look, one project that has not been destroyed by the government in Nigeria is the NLNG (Nigeria Liquefied Natural Gas), where the private sector has 51 per cent, and the Nigerian government has 49 per cent.
“See what we did with Nigerian railways. See what we did with the national shipping company. See what we are doing now, even with the NNPC. The NNPC has refineries, and I said to people that it will never work. And a man had the audacity to say, ‘Am I a chemical engineer?”
Obasanjo spoke about his failed efforts to woo Shell, a global energy firm, into running the refineries. “Look, when I was there, I called Shell. I said, ‘Look, please, I beg you, come and take 10 per cent equity and run the refinery for us.’ They said no. I said, ‘Okay, if you don’t want to take equity, don’t take equity. Come and run the refineries. They said no,” he stated.
The former president narrated how he invited a top official of Shell for a one-on-one conversation to know why his offers were turned down.
ALSO READ: Dangote Leads East Africa’s Industrial Revolution
“So, I called him, and I said, ‘Tell me, be honest with me. Why don’t you want to handle this?’ He said first, they want to let me know that they make most of their profits on the upstream, not the downstream.
He said they run their downstream without making a loss, but they don’t make a lot of profit from it. It’s more of a service than a major profit-making. So that’s number one.
“Number two: he said our refineries are too small. This was when I was an elected President. He said our refineries are too small. One is 60,000 barrels, and another is 100,000 barrels. He said refineries at that time were in the range of 250,000 barrels to 300,000 barrels. Number three: he said our refineries are not well-maintained. We call quacks and amateurs to come and maintain our refineries. The refineries are not in good order. He said, ‘Number four, there’s too much corruption around our refineries, and they don’t want to be part of that,” Obansanjo explained.
He recalled that he counted the country lucky then when the President of the Dangote Group, Alhaji Aliko Dangote, told him of the willingness to offer $750m to take 51 per cent of two of the facilities.
“Until one day, Aliko (Dangote) came and offered $750m to take two of the refineries; that will be 51 per cent. I said, ‘Wow, God, you are really a God of miracles.’ I told Aliko to bring the money quickly. They brought the money, and they paid,” he said.
However, the Balogun Owu explained further that his successor, the late Umar Yar’adua, reversed the deal after he left office, claiming he was under too much pressure from the NNPC.
He mentioned that only the current NNPC Group Chief Executive Officer, Bayo Ojulari, has said the truth about the state of the refineries so far.
“When I left office, NNPC went to my successor and convinced him. So I got up. I went to Umar. I said, ‘Look, Umar, maybe you don’t know; this is why we did what we did.’ He said, ‘Well, NNPC came to me.’ I said, ‘But you know that NNPC cannot run this thing. He said he knew. I asked, ‘Then why did you give in? He said because of pressure. And I said, ‘Look, when you sell these refineries, you will not get 200 million (dollars) for them, because you will sell them as scrap.’
“Only the present NNPC head has told the country the truth. But in the meantime, I was told that they have spent about $16bn, which is only $4bn short of what Aliko used to build Africa’s largest refinery,” Obasanjo said.
In November 2025, the NNPC announced a fresh target of June 2026 to finalise the selection of technical partners for the refineries.
Ojulari said that despite the rehabilitation and reopening of the Port Harcourt and Warri refineries in 2024 before they were later reclosed, the facilities were operating “well below international standards”, making their products commercially uncompetitive, especially compared to the privately owned Dangote refinery.
Dangote said he built his refinery after the Yar’Adua administration reversed the sale of the NNPC refineries to him and his other associates. He is also of the opinion that the NNPC refineries may never work again.
The NNPC communications office has yet to respond to messages seeking reactions to the former president’s claims.
- The Punch
NEWS
Chevron Supports Local Capacity with $10b in 10 Years
In the past 10 years, Chevron Nigeria Limited (CNL) has spent over $10 billion to support Nigerian companies and local capacities.
CNL’s, Chief Corporate Affairs Officer and the General Manager of Corporate Affairs Shoga Odushelu, disclosed this at the 2026 Nigeria Union of Journalists FCT Council Media Capacity Building for Energy Correspondents in Abuja.
The theme of the capacity building is “Strengthening Energy Journalism Through Knowledge, Data Accuracy and Artificial Intelligence.”
Odushelu, represented at the workshop by Victor Anyegbulike, said, “Right now, every year, we spend about $1 billion for local content. And in the past 10 years, we have spent over $10 billion supporting companies and supporting local capacities”
According to him, most of the prominent players with excellent capacity in the oil and gas industry are the offshoots of Chevron projects.
ALSO READ: FG Considers DPRP Critical to Nigeria’s $1 Trillion Economy Vision
He also recalled that, regarding Nigerian content, Chevron started local community content in 1999, before Nigerian content in 2010.
According to him, the firm, which has reduced gas flaring by 98 per cent, is ready to exit flaring completely very soon for supply to the Nigerian market.
“Where we get all those gases and make sure we put it into the Nigerian market. And we know that in doing that, we are removing all the gas that originally was flared, right?
“And we have reduced our gas flaring by 98%. The idea is for us to get to 100% very, very soon,” he said.
Besides, he revealed that as the company transitions to the Host Community Development Trust (HCDT), it is also building capacity through the HCDTs of each of the communities it operates in.
Chevron payments to its host communities, said Odushelu, have exceeded $140 million in terms of community development projects in the Niger Delta.
“Right now, over $140 million has been paid to these communities for our community development projects in the Niger Delta region,” he said.
Odushelu revealed that Chevron, in partnership with Pan-Atlantic University, was the first company to start training journalists in Lagos in 2014.
According to her, 140 journalists benefited from the programme.
Currently, he said the firm is training journalists all over Nigeria in their various fields, including the Nigeria Association of Energy Correspondents this year.
On the essence of the training, he described journalism as a very noble profession.
Chevron, he said, takes the profession very seriously because of journalists’ functions in society.
In her remarks, the NUJ FCT Council Chairman, Grace Ike, said data accuracy is the compass of journalism.
She added that in an era of abundant numbers and competing claims, credible data separates sound reporting from speculation.
Continuing, she stressed that “We must demand primary sources, verify figures, and develop the habits and tools to cross-check official statistics, company disclosures and independent datasets.
“Where numbers are unclear, we must say so and show our readers why clarity matters.
“Accurate data reporting helps hold corporations and governments accountable, protects communities from misinformation, and builds public confidence in our profession.
“Artificial intelligence is our new tool, not a replacement for our judgement, but a force multiplier when used with discernment.
“AI can rapidly analyse large datasets, identify trends, transcribe interviews, and surface documents.”
NEWS
LAMATA to Begin Full Cashless Bus Fare Enforcement in Lagos from August 1
The Lagos Metropolitan Area Transport Authority (LAMATA) has announced that it will commence full enforcement of its cashless fare payment policy across regulated public transport services in Lagos State from August 1, 2026.
The agency said commuters who continue to pay bus fares with cash, as well as transport operators who accept such payments, may face legal sanctions under existing state regulations.
SEE MORE: Ogun Students Shut Down Abeokuta-Lagos Expressway After Colleague’s Killing
Speaking during an X Space discussion on Wednesday with transport stakeholders titled “Lagos Cashless Transit: What Aug. 1 Enforcement Means to You,” LAMATA’s Head of Legal, Idris Akinola, explained that passengers using regulated public transport are required by law to pay fares through the approved electronic payment platform, the Cowry Card.
According to Akinola, both commuters and transport operators who engage in unauthorised cash transactions could be prosecuted, stressing that the enforcement drive is aimed at improving transparency, accountability and compliance within Lagos’ public transport system.
He urged transport companies to ensure their drivers and conductors strictly comply with the policy, conduct internal monitoring and cooperate with LAMATA officials during enforcement operations.
Akinola warned that violations of the relevant laws could attract severe penalties, including prison terms of up to seven years upon conviction.
Also speaking, the Managing Director of Teejay Motors, Adekunle Tajudeen, said the company had already trained its drivers and boarding officers ahead of the enforcement, directing them not to accept cash payments from passengers.
He revealed that some drivers had previously been arrested and jailed for collecting cash fares, noting that passengers also contribute to violations by insisting on paying with cash instead of using the approved electronic payment system.
To ensure uninterrupted services, Tajudeen said the company had expanded its fleet and recruited additional drivers to replace any workers found to be non-compliant.
Transport and urban mobility expert Adepoju Fawokon said previous enforcement efforts targeted mainly drivers and failed to achieve the desired results.
He argued that both passengers and transport operators involved in cash transactions should be held accountable to reduce revenue leakages and strengthen the sustainability of Lagos’ regulated transport network.
Meanwhile, the Managing Director of Touch and Pay Technologies, Olamide Afolabi, announced measures to address complaints about incorrect Cowry Card top-ups.
He said new digital solutions, including the Carry Hub platform, a mobile application and self-service top-up kiosks located at bus and rail terminals, would enable commuters to check their balances, review transactions and top up their cards more conveniently.
Afolabi added that a postpaid and single-card payment system is expected to be rolled out before the end of the year, allowing commuters to complete online top-ups that become available instantly without first transferring funds to a physical card.
NEWS
Kidnappers Demand N200m to Free Abducted Kebbi High Court Judge
The abductors of a Kebbi State High Court judge, Justice Faruku Bunza, have demanded N200 million as ransom for his release following his abduction from his residence in Bunza Local Government Area.
The ransom demand was confirmed on Tuesday by the Kebbi State Commissioner of Police, Umar Hadejia, and the judge’s brother, Yusuf Bunza.
Justice Bunza was kidnapped in the early hours of Sunday from his home along Zogirma Road in Bunza, prompting a swift security response.
SEE MORE: Bandits Kidnap Kebbi High Court Judge in Midnight Home Invasion
Speaking on the development, Commissioner Hadejia said police had launched an intensive operation to rescue the judge unharmed and apprehend those behind the abduction.
According to him, intelligence gathered during the operation revealed that the kidnappers were demanding N200 million for the judge’s freedom.
He disclosed that a combined team of security operatives had been deployed to comb suspected escape routes, while strategic checkpoints had been mounted across key locations believed to have been used by the abductors.
The police commissioner expressed confidence that the ongoing operation would lead to the safe rescue of Justice Bunza and the arrest of the kidnappers.
Hadejia further revealed that the family informed the police that the abductors had contacted a registrar of the High Court in Abuja to begin negotiations over the ransom demand.
Confirming the development, the judge’s brother, Yusuf Bunza, said the kidnappers had also reached out to him.
“Yes, they contacted me; they asked for N200 million from the family. We don’t know what to do now but we believe the authorities and security operatives are doing their duty to secure his release,” he said.
The abduction has heightened concerns over the security of judicial officers and the persistent threat of kidnapping across parts of the country, as security agencies continue efforts to secure the judge’s safe release.





