Rountrip

The Centre for Accountability and Transparency (CAAT) has called for an investigation into Matrix Oil's importation of blended crude oil, alleging violation of international sanctions on Russian oil. Speaking at a press conference, convener Okwa Dan claims Matrix Oil's actions have caused economic sabotage, environmental pollution, and health risks to Nigerians. The group alleges that Matrix Oil imported adulterated petroleum products from Malta, resulting in a $2.8 billion bill for Nigeria in 2023 alone. Dan adds that the company's actions violate international sanctions on Russian crude oil, which could lead to diplomatic crises for Nigeria. "The oil products imported from Malta by this company are also dirty on the ethical level because it is the product of the violation of international sanctions imposed on Russia to deter it from waging an unjust war on a sovereign nation, Ukraine, which it invaded," the statement said. "The sanctions capped the purchase...

The Deputy Speaker of the House of Representatives, Hon. Benjamin Okezie Kalu has given assurance that students from the south east geopolitical zone will soon be included in the Federal Government students’ loan. It will be recalled that the South East Caucus in the National Assembly has protested the exclusion of the region after the Nigerian Education Loan Fund (NELFUN) released the list of the institutions that will benefit from the loan nationwide. In a statement on Monday, Deputy Speaker said that his office has engaged the authorities in charge of the students loans, expressing optimism that in the coming days, the matter would be resolved. The deputy speaker has already engaged the directors in NELFUN with regards to the issue. During the engagement, issues of poor registration of students from the south east against the total number of students in the schools in the region were identified as the reason for non shortlisting of names. Similarly, there were mistakes with the comp...

By David Tunde In a flagrant and audacious exhibition of corporate greed and regulatory failure, Matrix Energy Limited, a prominent player in Nigeria's petroleum industry, led by CEO Abdulkadir Adisa Aliu, has become embroiled in a scandal of monumental proportions involving the importation of subpar fuel products. This disturbing revelation, compounded by the company's alleged complicity in illicit activities, raises grave concerns regarding the integrity of the Nigerian fuel supply chain and the potential perils to public health and safety. Through the deliberate importation of blended low-grade petroleum products, which are subsequently sold as high-quality fuel, Matrix Energy is not only jeopardizing lives but also subverts the country's economic governance framework. Abdulkadir Adisa Aliu, a member of the esteemed Presidential Economic Coordination Council (PEEC), is exploiting his position of influence and proximity to powerful and corrupt individuals in the Nigerian ...

Aerovessel Group of Companies has moved to a new, and larger location to better serve its valued clients and partners.with official opening and celebration of 10 years of existence slated for September 21, 2024.     The organisation's new address is number 22, Ifiok Ojuolape Crescent, Osapa Estate Gardens, ShopRite Road, Osapa Lekki, Lagos.   According to a press release issued on Sunday August 23, 2024 by the management of Aerovessel Group of Companies and signed by the company's Chief Executive Officer (CEO), Hon. Abolaji Kelani, this move represents a significant milestone in the organisation's growth and commitment to providing top-notch services.    "Our new location is designed to enhance our operations and offer a more comfortable and efficient environment for our clients and team members.   "We look forward to welcoming you to our new office and continuing to provide the exceptional service you have come to expect from Aerovessel Group of Compa...

The Yoruba Progressive Coalition (YPC) has urged President Bola Tinubu to sack Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPCL), over allegations of corruption and mismanagement. In an open letter to the President, the YPC expressed deep concerns about the state of affairs at the NNPCL under Kyari's leadership, describing it as a "fountain of corruption" and a "golden conduit pipe" for siphoning the country's wealth. The group further alleged that Kyari's actions have led to devastating consequences for the economy and the Nigerian people. The YPC accused Kyari of lacking vision, commitment to good governance, and transparency, and of prioritizing personal wealth and power above the welfare of Nigerians. The letter, signed by Otumba Slayemi Kayode, Convener of the YPC, and other members, warned that if Kyari continues to occupy leadership positions, Nigeria risks being relegated to a state of arrested develop...

Zamfara State Governor, Dauda Lawal, has been given a 48-hour ultimatum to apologise and resign from office over his alleged involvement in the appointment of a suspected gunrunner, Bashir Hadejia, as an aide. The Arewa Progressives Youth Forum (APYF) issued the ultimatum, condemning the state government's attempt to deceive the public regarding the appointment. According to the forum, two appointment letters bearing the same date, signature, and content have surfaced, exposing the government's brazen attempt to cover up the truth and mislead the public. "We are appalled and outraged by the Zamfara State Government's shocking attempt to deceive the public regarding the appointment of Bashir Hadejia, a suspected gunrunner, as an aide to Governor Dauda Lawal," a statement signed by its President Alhaji Muhammadu Kabir said.  "Despite initial denials, two appointment letters have surfaced, bearing the same date (27th October 2023), signature (Mai Abubakar M. Nak...

A group of concerned Nigerian citizens has petitioned the US government to investigate and sanction the Nigerian National Petroleum Company Limited (NNPCL) and its CEO, Mele Kyari, for allegedly violating sanctions on Russian crude oil. In a letter to the US Department of the Treasury's Office of Foreign Assets Control (OFAC), the group claims that NNPCL, under Kyari's leadership, has been importing Russian crude oil and petroleum products above the price cap set by the Price Cap Coalition, comprising the US, G7, EU, and Australia. The Concerned Citizens on Economic Reform Nigeria (CCERN) alleges that NNPCL has been blending petroleum products in Malta with Russian crude oil sourced above the $60 per barrel threshold, resulting in a violation of the sanctions. They further claim that the transactions involved amount to over $2.08 billion, enabling Russia to earn substantial revenue to fund its war efforts. “The breach of the sanction is eing led by one Mr Meie Kolo Kyari in his...