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SERAP Sues Tinubu Over Petrol Price Hike, Demands Probe Of NNPCL

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The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against President Bola Tinubu for failing to order the Nigerian National Petroleum Company Limited (NNPCL) to reverse the controversial petrol price increase.

The organization is also calling for an investigation into allegations of corruption and mismanagement within the NNPCL.

SERAP Deputy Director, Kolawole Oluwadare disclosed this in a statement released on Sunday.

Read Also: NNPC Limited fixes minimum petrol price @ N950 a liter

The lawsuit, filed last Friday at the Federal High Court in Abuja (FHC/ABJ/CS/1361/2024), lists the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, along with the NNPCL, as respondents.

SERAP is urging the court to mandate Tinubu to direct the NNPCL to revert the petrol price from N845 to N600 per litre, labeling the hike as “unjust, illegal, unconstitutional, and unreasonable.”

Additionally, SERAP is asking the court to compel the president to investigate the alleged corruption in the NNPCL.

This includes probing how the company spent $300 million in bailout funds from the government in August 2024 and the NNPCL’s $6 billion debt to suppliers, amid claims of its failure to remit oil revenues to the national treasury.

In its argument, SERAP states that the price hike is worsening the already dire economic conditions in Nigeria, pushing more people into poverty.

It contends that holding the NNPCL accountable for mismanagement would benefit public interest and fulfill Nigeria’s obligations under its constitution and international human rights laws.

The legal filing, prepared by SERAP’s lawyer Ebun-Olu Adegboruwa, SAN, argues that the petrol price increase violates constitutional rights and undermines basic human dignity.

It reads in part, “The increase in petrol price constitutes a fundamental breach of constitutional guarantees and the country’s international human rights obligations.

“Corruption in the oil sector and the lack of transparency and accountability in the use of public funds to support the operations of the NNPC have resulted in persistent and unlawful hike in petrol prices.

“Increasing petrol prices at a time when millions of Nigerians continue to face worsening economic conditions is entirely inconsistent with constitutional and international obligations to ensure the minimum living conditions compatible with human dignity.

“The arbitrary increase has placed a disproportionate burden on the marginalized and most vulnerable sectors of society, particularly those disadvantaged by poverty.

“The increase is seriously jeopardizing their living conditions, as well as individuals’ physical, emotional, and individual development, and intensifying and worsening socioeconomic conditions in the country.

“The increase constitutes a serious human rights problem because of the intensity with which it undermines the enjoyment and exercise by Nigerians of their human rights and renders their civic participation illusory.

“The fundamental right to life includes not only the right of every Nigerian not to be deprived of his/her life arbitrarily, but also the right that he/she will not be prevented from having access to the conditions that guarantee a dignified existence.

“The growing poverty and inequality in the country has continued to adversely affect the right of Nigerians to participatory democracy, and impede their ability to participate in their own government.

“Nigerians have for far too long been denied justice and the opportunity to get to the bottom of why they continue to pay the price for corruption in the oil sector. The increase in petrol price has rendered already impoverished citizens incapable of satisfying their minimum needs for survival.

“The increase is not inevitable, as it stems from the persistent failure of successive governments to address the allegations of corruption and mismanagement in the oil sector and the impunity of suspected perpetrators.

“Persistent increase in petrol prices keep people in poverty which in turn perpetuates discriminatory attitudes and practices against them.

“The government has a legal obligation to mobilize the maximum of the country’s available resources to ensure people’s socio-economic rights and to protect the most vulnerable and disadvantaged Nigerians.

“The government also has the legal obligations to probe and prosecute allegations of corruption and mismanagement in the NNPC, and to ensure access to justice and effective remedies for victims of corruption.

“Investigating and prosecuting the allegations of corruption and mismanagement in the oil sector would be entirely consistent with the Nigerian Constitution 1999 [as amended], and the country’s international anti-corruption obligations.

“Section 13 of the Nigerian Constitution imposes clear responsibility on the government to conform to, observe and apply the provisions of Chapter 2 of the constitution. Section 15(5) imposes the responsibility on the government to ‘abolish all corrupt practices’ including in the NNPC.

“Under Section 16(1) of the Constitution, the government has a responsibility to ‘secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity.’

“Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.

“According to our information, the Nigerian National Petroleum Company (NNPC) Limited recently increased the price of premium motor spirit (PMS), also known as petrol, across its retail outlets.

“The price of the product increased to N855 per litre, from about N600, and in some instances above N900 per litre. The apparently unlawful increase in petrol price followed a scarcity caused by the reported refusal by suppliers to import petroleum products for the NNPCL over a $6 billion debt.

“The NNPC allegedly failed to remit USD$2.04 billion and N164 billion of oil revenues into the public treasury, as documented in the recently published 2020 annual report by the Auditor-General of the Federation.” it added

A hearing date for the suit has not yet been scheduled.

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‘You Should Not Have to Leave Nigeria to Succeed’ – Peter Obi Tells Nigerian Youth

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Former Anambra State Governor and NDC presidential candidate, Peter Obi, has said Nigerian youths should not have to leave the country before their talents are recognised or their dreams become achievable.

Obi stated this in a statement released on Wednesday as he concluded a four-day working visit to the United States.

According to him, the visit provided an opportunity to engage with prominent personalities and discuss issues concerning Nigeria, the United States and the future of Nigeria’s youthful population.

ALSO READ: Peter Obi Backs Dangote Refinery IPO, Urges Nigerians to Invest

Obi said one of the most fulfilling parts of the visit was meeting young Nigerian professionals in the US, including doctors, lawyers, engineers, technology professionals, entrepreneurs, educators and business leaders.

He said many of them were excelling in their respective fields while remaining committed to the development of Nigeria.

“My message to them was simple: you are not outsiders to Nigeria’s future; you are an important part of it,” Obi said.

He described the knowledge, experience and innovation of Nigerians in the diaspora as “enormous national assets,” stressing the need to build a country that welcomes their contributions and provides every Nigerian with a meaningful opportunity to participate in national development.

Obi said his vision of a “New Nigeria” was one where “the son or daughter of a nobody can become somebody without knowing anybody,” adding that a person’s background should not determine their destination.

He also called for Nigeria to move from consumption to production, while investing in education, healthcare and human capital, supporting businesses, creating productive jobs and building an economy that gives young Nigerians reasons to believe in their future at home.

“Our young people should not have to leave Nigeria before their talents are recognised or their dreams become possible,” he said.

Obi also disclosed that he engaged with diaspora media, including NoireTV Network and Adeola Talks, during the visit, where he shared his views on building a more productive, secure and prosperous Nigeria.

Describing the visit as fulfilling, Obi said the work of building the country must continue.
“Our challenges are great, but our potential is greater. We have the people, the talent, and the resources to build a country where opportunity is not determined by who you know or where you come from, but by what you can contribute,” he said.

“That is the Nigeria we must build together — a Nigeria that works for everyone.
“A New Nigeria is POssible.”

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Spike in Petrol Price Moves NLC to Demands Emergency Palliatives

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Economic Collapse: NLC criticises NGF’s recommendations to FG

The recent upward swing in the pump prices of refined petroleum products in Nigeria, has compelled the organised labour to demand for urgent palliatives, including wage awards, improved crude supplies to refineries and payment for the same in naira.

The Nigeria Labour Congress (NLC) in a statement on Wednesday, under the signature of its President, Joe Ajaero, pointed out that petrol now sells for about ₦1,430 per litre in major cities, with prices reportedly higher in less accessible locations.

It therefore urged the Federal Government to urgently introduce measures to cushion the impact, including the payment of reasonable wage awards to workers and the sale of crude oil to local refineries in naira.

The labour centre warned that the rising cost of petrol would further worsen the economic hardship facing Nigerians, noting that increases in transportation costs typically trigger higher prices of food, rent, school fees and other essential goods and services.

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The statement, titled “Save the Situation Now,” said the latest increase came at a time when government pressure on oil marketers to reduce pump prices in response to lower international crude prices was beginning to produce results.

According to the NLC, the latest surge has been linked to the resurgence of conflict in the Gulf, but Nigeria’s status as an oil-producing country means it should be able to provide some protection against international oil market shocks.

It said, “As a nation, and as a people endowed with enormous fossil resources, we are deserving of a certain level of protection or buffer against the gales from the Gulf, and indeed, other gales.”

The NLC urged the Federal Government to immediately introduce measures to shield households and businesses from the impact of the higher fuel prices.

It specifically called for reasonable wage awards for workers, sufficient crude oil sales in naira to local refineries and an expansion of the country’s national petroleum storage capacity to strengthen energy security and prepare for emergencies.

The labour union said the measures would not only ease the burden on Nigerians but also create jobs, generate economic value and help address emerging security challenges.

It also argued that government intervention, including subsidies, should not be ruled out in an emergency.

“There is nothing wrong with the government subsidising the needs of citizens, especially in emergency situations like this,” Ajaero said, adding that oil-producing countries were introducing different forms of intervention or palliatives to protect their citizens from the effects of the current global energy crisis.

The NLC further said the Federal Government had benefited from higher international crude prices, claiming that crude was currently selling about $35 to $40 per barrel above the benchmark used in the national budget.

It argued that the additional revenue should be regarded as a windfall that could provide fiscal space for interventions aimed at protecting citizens from the rising cost of living.

The union also raised concerns over the reported importation of crude by some local refineries, describing the development as contrary to the objective of developing domestic refining capacity.

“On a long-term basis, we are equally concerned that local refineries are importing crude. This is unreasonable and unacceptable and defeats the logic and purpose of local capacity,” the statement said.

The latest petrol price increase comes amid Nigeria’s broader transition to a deregulated downstream petroleum sector following the removal of the petrol subsidy in May 2023.

The policy has exposed domestic fuel prices more directly to changes in crude oil prices, foreign exchange costs, logistics and other market factors. The government and oil-sector regulators have subsequently introduced measures aimed at increasing domestic refining and reducing Nigeria’s dependence on imported petroleum products.

The commissioning and ramp-up of large-scale private refining capacity, alongside the rehabilitation of government-owned refineries, have also been central to the Federal Government’s strategy for improving domestic fuel supply and reducing exposure to international market volatility.

However, fluctuations in crude prices, exchange rates and supply-chain costs continue to influence pump prices and transportation expenses, with implications for household purchasing power and inflation.

The NLC said the government needed to act quickly rather than allow the burden to fall entirely on workers and other citizens.

Ajaero said the Federal Government, which he noted was seeking re-election in the coming months, “cannot afford to stand and watch marketers inflict suffering on the citizenry in the name of deregulation.”

“Labour has an obligation to speak out or act accordingly,” he added.

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Shettima Commissions 4,000-Job Garment Factory, 11-Storey Revenue House in Kwara

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Vice President Kashim Shettima has commissioned a garment factory in Ilorin, Kwara State, designed to employ at least 4,000 people at full capacity, alongside an 11-storey Kwara Revenue Service (KWRS) House.

The development was disclosed by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice President, in a statement released on Wednesday.

The commissioning formed part of activities marking the turbaning of Kwara State Governor, AbdulRahman AbdulRazaq, as the Sardauna of Ilorin by the Emir of Ilorin, Alhaji Ibrahim Sulu-Gambari.

SEE MORE: Shettima Arrives Ilorin for AbdulRazaq’s Turbaning, Factory Commissioning

The title makes AbdulRazaq the first person to hold the position of Sardauna of Ilorin, described as the Defence Minister of the Ilorin Emirate.

Speaking during the turbaning ceremony at the Emir’s Palace in Ilorin, Shettima commended AbdulRazaq for sustaining what he described as a legacy of continuity in Kwara State.

The Vice President recalled the governor’s late father, Alhaji AbdulGaniyu Folorunsho AbdulRazaq, SAN, as Northern Nigeria’s first lawyer and the first Mutawalle of Ilorin.

“His father, Alhaji AbdulGaniyu Folorunsho AbdulRazaq, SAN, OFR, carried an Ilorin name into history as Northern Nigeria’s first lawyer. Every path begins with someone willing to walk without familiar footprints.

Through law and diplomacy, his story became part of Nigeria’s own,” Shettima said.

He added: “The branch may reach towards another horizon, yet it carries within itself the memory of the root. His father was the first Mutawalle of Ilorin, a title that remains in the family in celebration of their bond with the Emirate. Today, another chapter enters the family’s relationship with this palace.”

Shettima also highlighted his relationship with AbdulRazaq, saying their responsibilities regularly bring them together in discussions concerning the federation and its states.

“There is something sobering about celebrating a friend while both of you remain answerable to the demands of public office. Titles will eventually pass into the record of our lives. The human bonds formed along the way should endure beyond the appointments through which other people first came to know us,” he said.

The Vice President further commended AbdulRazaq’s governance record, citing investments in classrooms, medical coverage and roads connecting communities.

“These are chapters in the story of a state as its people encounter it: the lesson a child can attend, the treatment a household can seek, and the market a farmer can reach.

Such investments must be sustained so that those who inherit them can build upon them. A legacy takes its fullest measure in the generations it continues to serve,” he added.

Dignitaries at the event included the governors of Imo, Kebbi, Plateau, Ekiti, Ogun, Niger, Bayelsa and Kaduna states.

Others were First Lady Oluremi Tinubu, represented by the wife of the Vice President, Nana Shettima; Minister of Trade, Industry and Investment, Jumoke Oduwole; Attorney General of the Federation and Minister of Justice, Lateef Fagbemi; Emir of Zazzau, Nuhu Bamalli; and the Soun of Ogbomoso, Oba Ghandi Afolabi Olaoye, Orumogege III.

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