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BREAKING; Foreign Consortium to build four Refineries in Nigeria – Fed Govt

 

A consortium of South Korean investors has finalised plans to construct four refineries in Nigeria, each with a capacity of 100,000 barrels per day.

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, revealed this during the inaugural summit of the Crude Oil Refineries Owners Association of Nigeria in Lagos.

Lokpobiri explained that the government is actively fostering a favorable environment for investors to build refineries in the country. He also mentioned that approval had recently been granted to invite the consortium, though he did not disclose the group’s name.

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He said: “We encourage investors to build limited refineries by providing an open environment. A recent approval was granted to invite to Nigeria a consortium of investors from South Korea, which intends to establish four 100,000 barrels-model refineries in four different locations in Nigeria.

“We have adopted the public-private partnership model to unlock investment in the midstream and downstream segments of the oil and gas sector, which will lead to the establishment of more modular and mega refineries.”

The oil minister stated that this approach will be effective, as the Federal Government is open to equity investments in modular and upcoming refineries, aiming to strengthen energy security.

“The Nigerian Upstream Petroleum Regulatory Commission has developed and published the domestic crude supply obligation guidelines to ensure transparency in the oil industry and ensure access to feedstock by our local refineries.

“In addition, we prioritise and work with stakeholders to ensure effective implementation of the recommendations of the Modular Refinery Committee to give special concession to local refineries’ owners, thereby guaranteeing feedstock to their refineries.

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“We will ensure the deregulation of the downstream sector is 100 per cent and put in place a necessary framework that will ease the impact on the poor masses.

“The ministry has facilitated easier access to existing tax and other exemptions on refinery equipment importation, which is part of our plan to make Nigeria self-sufficient for petroleum producers and become Africa’s petroleum refining hub.”

Lokpobiri explained that while the Petroleum Industry Act (PIA) established the Ministry of Petroleum and the National Gas Infrastructure Fund—financed by domestic petroleum product sales—the ministry envisions allocating a portion of this fund to support infrastructure development for refineries, similar to its role in the gas value chain.

He disclosed that: “In effect, we will initiate the review of the PIA to enable this. Meanwhile, CORAN as a body should take up the campaign. Through the Petroleum Technology Development Fund and the Nigerian Content Development and Monitoring Board, we are prioritising partnerships with international institutions in knowledge transfer for manpower in refinery operations, and investment in research and development, to support technological advancements and innovation in the refining sector.

“In no distant time, we intend to create the apprenticeship programme in collaboration with existing refineries to develop expertise in our refinery operations.”

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To combat crude oil theft and illegal refining, the minister announced the establishment of an international emergency committee focused on developing home-grown solutions for domestic refining.

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Babangida must be prosecuted over his role in annulment of June 12 1993 election – Group

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Babangida must be prosecuted over his role in annulment of June 12 1993 election – Group

A well-known Nigerian human rights organisation has described the role of former military leader General Ibrahim Badamasi Babangida, in the annulment of the June 12, 1993, presidential election as a “coup d’état” against Nigeria’s democracy, thereby calling for his prosecution.

After Babangida openly admitted his role in the annulment, the Committee for the Defence of Human Rights (CDHR) made the demand.

The former monarch was accused by the group of trying to mislead Nigerians into thinking he acted in good faith, and they condemned his admission.

In a statement signed by CDHR President Debo Adeniran, the group called the annulment “reckless, illegal, and unconstitutional,” arguing that it remains one of the worst injustices inflicted upon Nigeria, severely undermining democracy and plunging the nation into political instability.

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The 1993 election, widely regarded as Nigeria’s most free and fair, was set to declare business magnate Moshood Kashimawo Olawale (MKO) Abiola as president. However, Babangida abruptly annulled the results on June 23, sparking widespread protests and unrest across the country. This move paved the way for a prolonged period of military rule and social upheaval.

CDHR claims that Babangida’s public acknowledgment is a direct admission of his involvement in an act that led to years of political chaos, economic hardship, and civil unrest.

The group insists that his actions meet the criteria for crimes against humanity and should be prosecuted accordingly.

The rights organization has called on President Bola Tinubu to take immediate action against Babangida, asserting that his confession provides enough grounds for legal action.

“We urge President Tinubu to prosecute General Babangida for crimes against humanity and for orchestrating a coup d’état that undermined the democratic will of Nigerians,” the statement declared.

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CDHR also called for posthumous recognition of MKO Abiola as a former Nigerian president and urged penalties for those who benefited from the annulment.

The organisation appealed to international human rights bodies to ensure that justice is served.

Babangida, who served as Nigeria’s military president from 1985 to 1993, has yet to publicly respond to the calls for his prosecution.

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Vigilante personnel arrested for allegedly killing, burning Resident ’s body

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Vigilante personnel arrested for allegedly killing, burning Resident’s body

A local vigilante member in Benin City has been arrested by the Edo State Police after allegedly murdering an artisan and burning his body in a chilling act of violence.

The arrest was confirmed by Moses Yamu, the Public Relations Officer for the Edo State Police Command, who spoke about the incident on Sunday.

According to Yamu, the suspect was detained after a distress call was made to the Textile Mill Road Division at approximately 8:00 a.m. on February 20, 2025.

The caller reported discovering the body of a middle-aged man covered in sawdust and burning near a sawmill.

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Upon arriving at the scene, police officers found the body still ablaze beneath the pile of sawdust.

The body was immediately taken to a nearby hospital for examination, where authorities discovered a gunshot wound to the back of the victim’s neck, raising serious concerns about the cause of death.

“The investigation is underway, and we have one suspect in custody who was the security guard at the sawmill during the incident,” Yamu said.

“The case has been transferred to the State Criminal Investigation Department for further inquiry. Once the investigation concludes, the suspect will be charged with murder.”

The victim, later identified as Lasan Osaze Erhabor, reportedly had an ongoing dispute with the vigilante member.

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On the night of the tragic event, Erhabor and a friend were returning home when they were confronted by the suspect near the sawmill.

Armed with a double-barrel shotgun, the vigilante allegedly questioned Erhabor about his late return and accused him of attempting to steal from the sawmill.

Witnesses say the suspect then shot Erhabor, killing him instantly.

The vigilante is said to have dragged the body into the sawmill, covered it with sawdust, and set it on fire in a bid to destroy any evidence of the crime.

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Deputy Senate President donates 61 cars, motorcycles to APC Leaders

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Deputy Senate President donates 61 cars, motorcycles to APC Party Leaders

The Deputy Senate President, Sen. Barau jibril, on Sunday donated 61 cars and 1,136 motorcycles to the leadership of All Progressives Congress (APC) at the grassroots in Kano State.

The News Agency of Nigeria (NAN) reports that gesture aims to empower APC members and facilitate grassroots mobilisation for party activities.

Jibril said during the presentation that the motorcycles were meant for ward chairmen while the cars would go to party leaders, including local government and zonal chairmen.

He also announced plans to empower university graduates with a N5 million loan to start small businesses.

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The National Chairman of the APC, Dr Abdullahi Ganduje, commended Jibrin for the donation, saying that it would enhance the socioeconomic well-being of party members and promote its ideals.
Ganduje expressed gratitude to President Bola Tinubu for appointing key party members from the state as ministers and to other key positions.

” We appreciate President Tinubu for making it possible to appoint Dr Mariya Bunkure as Minister of State for the Federal Capital Territory (FCT) and Alhaji Abdullahi Atta as Minister of State for Works and Housing.

” We also thank President Tinubu for appointing Mr. Rabiu Bichi as Managing Director of Hadejia River Basin Development Authority,” he said.
He said the people of Kano State would continue to support the progressive party due to the love Tinubu has shown to the state.

The APC chairman in the state, Abdullahi Abbas, praised Barau Jibrin’s empowerment scheme, urging other politicians to provide palliatives to their constituents, especially during Ramadan.

Abbas encouraged party supporters to remain vigilant and focused on winning the 2027general elections.( NAN)

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