In a public statement personally signed by Kesington Adebukunola Adebutu, the business magnate commiserates with the paramount ruler and Awujale of Ijebuland, Oba Sikiru Kayode Adetona, the Matriarch and the entire members of Olasubomi Balogun family, on the transition of Michael Olasubomi Balogun, the Otunba Tunwase of Ijebuland and patriarch of the Olasubomi Balogun family-which inevitable event occurred on Friday, 19th May, 2023.

According to the renowned philanthropist, Adebutu, “this is one death too many for the banking industry, the legal profession, Ijebu traditional establishment, the Christian community, and indeed Nigeria”.

“We have lost a quintessential  trailblazer, an epitome of industry, of tradition, and of Christian values.

“Balogun will be remembered for his Midas touch in the manner he raised the bar of everything he laid his hands on.

“May the good Lord accept his noble soul into His bosom”, Adebutu said.

The renowned banker graduated from Igbobi College and studied law at the London School of Economics.

Following his graduation in June 1959, he was called to the English Bar in December of the same year.

Balogun’s legal career saw him serve as a crown counsel in the ministry of justice of Western Nigeria and later as an assistant parliamentary counsel in the federal ministry of justice in Lagos. However, the January 1966 coup prompted a shift in his career trajectory towards the banking sector.

Balogun later founded City Securities, a stock broking and issuing house, which handled Mobil, Texaco and Total petroleum marketing companies equity offerings. He later secured a merchant banking licence to establish First City Merchant Bank.

When the operations of the bank took effect in 1983, Balogun was said to have established an entrepreneurial culture at the new bank, unique as an owner managed bank in contrast to the government owned banks at the time.

Balogun was a long time member of the council of the Nigerian Stock Exchange.

After stalling for days, Plateau state Police Command on Friday said 87 people were killed in Tuesday’s attack on villages in the Mangu Local Government Area of Plateau State.

The police also said 39 people were injured during the incident and are currently receiving treatment in various hospitals in the state.

Alabo Alfred, spokesperson of the state police command, gave the figure in a statement.

Alfred said seven suspects were arrested in connection to the attack.

“After calm was restored to the communities, more bodies were recovered, which is part of the thirty (30) earlier reported. The figures are as follows: (1) Kubat Village 27, (2) Kantoma Village 31, (3) Alagon 6, (4) Kubwas 8, (5) Dumnang 9, (6). Shangal 1, (7) Gwet 3 and (8) Washna 2.

“As at the time of filling this report, Manret Hospital had about Fifteen (15) injured persons, Infinity Hospital had over Eight (8), Allah Nakowa Hospital had over Sixteen (16), while at Mangu Cottage Hospital, there are an unspecified number of persons receiving treatment there also, ” he added.

“We are pleased to inform the general public that in addition to the five (5) suspects earlier announced, two (2) more suspects have been arrested, and exhibits recovered from them include two (2) cutlasses, one (1) dagger and some amount of money suspected to have been stolen from the houses they looted, as they were all arrested in the act of committing the crime by officers from one of our tactical team.

“The suspects are presently in our custody and will be charged to court for prosecution after our investigations are concluded. As part of the Command’s efforts to maintain peace and order, there has been an intensified security presence in and around Mangu Local Government Area.

“The Command extends its condolences to the families of the deceased and assures them that everything possible is being done to bring the perpetrators of this heinous crime to justice.

”The CP also urged the good people of Plateau State to remain calm and cooperate with the Police and other Security agencies in their efforts to maintain law and order in the State through the timely reportage of suspicious activities in and around their environment, as security is everybody’s business.

“He also assures them that the Police will continue to work tirelessly to ensure the safety and security of all the residents of Plateau State,” the statement read.

PT

WESTERN PERSPECTIVE

Ukraine says it repels attacks as Russia tries to retake land near Bakhmut

Ukraine said on Friday it had repelled attacks by Russian forces trying to recapture land they had lost around the devastated eastern city of Bakhmut, where Kyiv says it has inflicted heavy Russian casualties.

Yevgeny Prigozhin, the head of the Russian Wagner private army that is leading the assault on the city, said in a Telegram message that "heavy, bloody battles" were continuing and claimed his men were close to completing the capture of Bakhmut itself.

He has made over-optimistic military assessments in the past and Reuters was unable to verify his account.

A Ukrainian mortar unit near the city told Reuters it had advanced this week, but was facing heavy fire from Russian forces who appeared to have significant strength in manpower and stocks of ammunition.

"The fire was intensive this week. Our forces pushed forward a little, stopped near the canal. It's hard to push them (the Russians) out of there," said a soldier with the call sign Medvid, which means "bear" in Ukrainian.

The unit's troops said they were firing around 100 mortar rounds a day at Russian positions. They said their location could not be disclosed.

Ukraine says it has made small advances this week on the flanks of the city in the industrial Donbas region even as Wagner has inched closer to capturing the city itself.

Deputy Ukrainian Defence Minister Hanna Maliar said the Russian forces had gained some ground inside Bakhmut but did not control the city.

"Extremely fierce fighting continues in the area of Bakhmut. The enemy cannot win with quality, so he tries with quantity," she said in a Telegram post. Russia had boosted its number of troops and amounts of ammunition, she said.

"The rate of our troops' advance in the suburbs of Bakhmut today is somewhat reduced. At the same time, the enemy is unable to regain lost positions - our soldiers repel all enemy attacks in this area," she said.

Moscow regards its assault on Bakhmut as an important part of a campaign to capture the rest of the Donbas region.

** Biden to announce $375 mln military aid package for Ukraine including ammunition -US official

U.S. President Joe Biden will announce a $375 million military aid package for Ukraine while in Hiroshima, Japan, where he is attending the 2023 G7 Summit of world leaders, a U.S. official said on Friday.

The official, speaking on condition of anonymity, said the package will include artillery, ammunition and HIMARS rocket launchers.

RUSSIAN PERSPECTIVE

US to allow allied transfers of F-16s to Ukraine – media

The US government will not block allied countries from sending F-16 fighter jets to Ukraine if they decide to do so, multiple news outlets reported on Friday, citing American officials.

Sources cited by the Washington Post, CNN, NBC and other media said the White House is prepared to allow F-16 shipments after months of Ukrainian requests for the aircraft, which is being used by more than two dozen nations. 

A senior White House official told NBC that Washington had already informed its partners about the decision.

Speaking to reporters on the sidelines of the G7 summit in Hiroshima, Japan on Saturday, White House national security adviser Jake Sullivan said that “in the coming months, we will work with our allies to determine when the planes will be delivered, who will be delivering them, and how many.” 

UK Prime Minister Rishi Sunak announced earlier that London would back the creation of an “international coalition” to supply the F-16s and other aircraft to Kiev. Ukrainian President Vladimir Zelensky met with the PM this week and lobbied for Western fighter jets, insisting they are needed for Kiev’s much-touted counteroffensive.

The US military is currently training Ukrainian pilots to fly the F-16s. However, Washington has so far declined to provide its own warplanes to Kiev. 

Moscow has warned against supplying Kiev with weapons, arguing that it will only prolong the fighting and do little to deter its military objectives. The Kremlin says that military support to Ukraine, which includes the training of troops and sharing of intelligence, makes Western countries de facto direct parties in the conflict. 

** US involved in assassination of Russian public figures – Moscow

The most high-profile Ukrainian “terrorist acts” in Russia were carried out with the assistance of Washington, Secretary of the Russian Security Council, Nikolay Patrushev, has claimed.   

Speaking at a government meeting on Friday, Patrushev said that Russia has information that “the murders of Darya Dugina and Vladlen Tatarsky, the bombing of Zakhar Prilepin’s car, the explosion at the Crimean Bridge,” the Nord Stream pipelines sabotage, and other “terrorists acts” were “planned and carried out under the coordination of US special services”.

Those attacks were “accompanied by an information campaign prepared in advance in Washington and London, designed to destabilize the social and political situation, [and to] undermine the constitutional foundations and sovereignty of Russia,” the security chief stressed.

“The intensity of terrorist attacks has vastly increased” since Russia launched its military operation in Ukraine over a year ago, he added.

According to Patrushev, Ukrainian saboteur groups, who are trained by NATO instructors, have been actively trying to target important infrastructure inside Russia, including with drones.

In view of those events additional measures should be implemented to protect key facilities and places where people gather in large numbers, he said.  

Earlier this week, the chief of Ukrainian military intelligence (GUR) General Kirill Budanov was asked about attacks on prominent Russian public figures and replied that his agency has “already gotten many” of them. However, he declined to mention any names. In an earlier interview, Budanov vowed to “keep killing Russians anywhere on the face of this world until the complete victory of Ukraine.”

Journalist and activist Darya Dugina, the daughter of Russian philosopher Aleksandr Dugin, died after her car exploded on a highway outside Moscow last summer. Russia’s Security Service (FSB) said the murder of the 29-year-old was carried out by Ukrainian nationals, who managed to flee the country.

In late April, Russian military blogger Vladlen Tatarsky was killed in St Petersburg after a statue that had been handed to him during an event with his followers exploded. A dozen people were also wounded. The FSB has blamed the blast on “Ukrainian special services and their agents, including fugitive members of the Russian opposition.”

Earlier this month, prominent Russian author and political activist Zakhar Prilepin was severely injured in a car bomb near the city of Nizhny Novgorod. His driver was killed. A suspect has admitted to Russian law enforcement that he’d been hired by an unspecified Ukrainian intelligence service.

Reuters/RT

'Where is the state?': Mass looting engulfs Sudanese capital

Mass looting by armed men and civilians is making life an even greater misery for Khartoum residents trapped by fierce fighting between Sudan's army and paramilitary Rapid Support Forces (RSF), witnesses said.

While the RSF dominates the capital on the ground and the army conducts frequent airstrikes, the witnesses said police had simply vanished from the streets when the fighting started in Khartoum on April 15.

"Nobody protects us. No police. No state. The criminals are attacking our houses and taking everything we own," said Sarah Abdelazim, 35, a government employee.

As mayhem grips Khartoum, the army accuses the RSF of looting banks, gold markets, homes and vehicles. The RSF denies the charge and has released videos showing its men arresting looters. The paramilitary force say some people wear RSF uniforms and steal to make them look bad.

Some witnesses said the RSF was stealing vehicles and setting up camps in people's houses. The RSF also denies this.

More than 17,000 men who were jailed in Sudan's two most dangerous prisons -- Kobar and Al Huda -- were released early in the fighting. Both sides blame the other for the prison break.

'THE DEVIL'S CITY'

"We are now living in the devil's city. People are looting everything and neither the army nor the RSF nor the police, none of them want to protect ordinary people. Where is the state?" said Mohamed Saleh, 39, a primary school teacher.

The fighting erupted after disputes over plans for the RSF to join the army and the chain of command as part of a political transition. It has caused some 200,000 to flee to nearby countries and over 700,000 have been displaced inside Sudan, triggering a humanitarian crisis that threatens to destabilise the region.

Intense battles have continued to rage in Khartoum and its sister cities of Bahri and Omdurman despite Saudi and U.S.-brokered talks between the army and the RSF in Jeddah aimed at securing humanitarian access and a ceasefire.

Most attention is focused on the battles, not the chaos which is demoralising the population, or the rapidly depleting supplies of food, cash, and other essentials that drive much of the looting.

Huge groups have been seen looting mobile phone, gold, and clothes stores.

Factories including a wheat mill belonging to DAL Group, the country's largest conglomerate, were looted in Sudan's main industrial zone, which contains key food and industrial manufacturers.

"They were brandishing machetes, they wave them in the air," said Qassim Mahmoud, a bank general manager who passed through the zone as he fled Khartoum for Egypt and saw people carrying away sacks of wheat and large appliances.

Three commodities and storage facilities were burned down in Omdurman. On Thursday, people could be seen in a video stealing mattresses and clothes and loading them onto trucks. Others used donkey carts.

"Yesterday thieves came and burgled my house in Omdurman. Who do I complain to," said Ahmed Zahar, 42, a trader.

Many Khartoum residents have put posts on social media seeking assistance in retrieving stolen cars.

At one bank where money had already been looted, people were also seizing televisions and furniture, said a Reuters witness.

Aid warehouses have also been targeted by the looters.

Medical aid agency MSF, one of few entities continuing to provide aid in Khartoum, said armed men had broken into its warehouse in Khartoum on Tuesday and taken two cars filled with supplies.

Reuters

I was in the car with my sons, listening to the Beach Boys. I picked some of my favorite songs: “Wendy,” “Girl Don’t Tell Me,” “Let Him Run Wild.” But when I played another track I love, “Wild Honey,” the boys cocked their heads. “Why did they put that out?” one of them asked. The lead vocal sounded wrong to him. Fair enough. Something was off.

Carl Wilson’s performance on that song is not a typical Beach Boys lead vocal. You can hear him reaching for notes, at times barely getting there. There’s vocal strain, unmistakable pitch imperfections. But the Beach Boys, a celebrated vocal group, let that performance stand.

For me, it’s the imperfections that make that recording great. I was a teenager when I first heard it. It gave me the feeling I got from, say, Chuck Berry’s “Maybellene” or the punk rock of Richard Hell and the Voidoids’ “Blank Generation.” Raw, not too well-behaved, stuff that sounded like I felt. Flawed but fully alive. And surely the flaws were where I saw myself reflected. They were recorded at a time when technology was not yet capable of making the kinds of fixes that can be made easily today. But my sons grew up in a digital era, when corrections can be made and usually are.

In most recording situations today, engineers can see music as waveforms, there on a screen. Listening back to what they’ve recorded, they’re also watching the music go by. People often talk about 1980s MTV as the major turn toward a more visual music culture, but the more impactful visual turn came, I believe, when digital recording allowed music to be seen and, as a result, fixed, using the eyes as much as the ears.

When the capacity to achieve something closer to perfection — or to edit out a blemish or select a single image from hundreds — is widely available, most people choose to make the fix. It’s Photoshop’s world, we just moved into it without thinking. Who doesn’t want to sound or look better?

But when music gets cleaned up too much, listeners lose opportunities to connect their imperfections with those in the music, the human traces that might otherwise reach the ear and burrow into the heart. Fewer are the opportunities to hear oneself in the music, to follow the threads that tie the listener to it. The effect is the same when the pumped-up realities we encounter on social media leave people who are feeling their own unfiltered humanness at a distance, isolated.

I’m not suggesting a kind of abstinence — an out-and-out refusal of the fix — but I am arguing for a more conscious balance. We know when we’re trying to make our images or our music look or sound better than they are, and it’s time to consider, on occasion, choosing not to.

I’ve been there myself, in a recording studio, watching as an engineer sees my vocal going past, a little out of tune. Trust me, I’m grateful when he does his thing and makes it “right.” I’m part of the problem of recorded music revealing less and less about the beauty and the emotional possibility surrounding imperfection.

But I wouldn’t want to hear the Beatles’ debut or Stevie Wonder’s “Innervisions” fixed in the way I’m describing here. It would alter the moods, the meanings, the energy, the uneven pace and breath of the things as we’ve come to know them. Sometimes the drums speed up because of a song’s emotion, sometimes a singer’s pitch drifts because that’s where the feeling takes it. If we had made it “right,” as technology allows us to do to a greater and greater degree now, the music would have moved further away from where we live.

There’s a moment in the history of popular music that has, for four decades, stood as one of the greatest examples of an artist choosing to leave a recording unfixed, unfinished, imperfect: Bruce Springsteen’s sixth album, “Nebraska.” It’s one of American music’s great left turns. Springsteen’s prior release, “The River,” was his first No. 1 album. He was poised to go to the superstar level. Instead, he released a recording too rough to be played on commercial rock stations.

Why did he do it? He told me in an interview for my book about the making of the album that he felt it couldn’t be “made better” and still manage to transmit the turbulence he’d captured. So he didn’t fix what he easily could have. Joel Selvin’s 1982 San Francisco Chronicle review of “Nebraska” is telling: The album “is a stark, raw document, rough edges intact, and so intimately personal it is surprising he would even play the tape for other people at all, let alone put it out as an album,” he wrote. Understand, this was a very positive review.

Many artists look back to “Nebraska” to remember what it sounded like when a major songwriter and performer, at the top of his game, had stories to tell in song that suffered when he went in to fix the recordings that transmitted those stories.

As Springsteen said to me, “Every time we went in to improve it, we lost the characters.” Their frailty, their humanness, their conflicts and troubles: You couldn’t hear them when he cleaned up the recordings, not in the way Springsteen wanted them to be heard. So he released the album as it was, flawed. It was recorded on a cheap cassette tape, mixed onto a malfunctioning boom box. And that’s what you heard when you bought it. I wasn’t the only one who wanted to hear it again and again.

As a teenager, I felt like “Nebraska” was telling me a few things, but one of them in particular stuck with me: You can do this, it said. Steely Dan recordings didn’t have the same effect. Same for Toto’s “Rosanna” and the “Chariots of Fire” soundtrack. “Nebraska” was dirty, kind of mumbled in sections, its hushed tones punctuated by a few screams; it told scary stories. But it felt so close to the world I lived in. It was a recording I listened to and never felt left out. There are times when we need that kind of art. I’d say now is one of them.

** Warren Zanes is the author of “Deliver Me From Nowhere: The Making of Bruce Springsteen’s ‘Nebraska’” and “Petty: The Biography.” A former member of the Del Fuegos, he teaches at N.Y.U. and continues to write and record music, sometimes with the poet Paul Muldoon’s Rogue Oliphant band, sometimes on his own.

New York Times

A trio of Peruvian thieves managed to make international news headlines after pulling off one of the dumbest heists in history – 220 sneakers from various brands, all for the right foot.

The hilarious crime occurred on April 30th, at a sports goods store in Huancayo, central Peru. At around 03:30 am, three men managed to cut the padlocks at the back of the store and steal three large crates filled with sneaker boxes from various brands. What the thieves didn’t realize was that all the shoeboxes they stole only contained sneakers for the right foot, as the owner had prepared the three crates to have the footwear displayed at a local sports goods fair. Authorities suspect that the thieves have hidden their haul, as there is no way that they can sell the sneakers on the black market without their pairs.

“We have carried out the inspection at the scene, the particular thing about this theft is that only right-foot sneakers have been stolen,” Eduan Díaz, head of the Junín police region, told América Noticias, adding that it’s just a matter of time before the thieves are identified, as they were caught on surveillance cameras in the area, and have left their prints at the crime scene.

Even with the left sneakers still in their possession, the owner of the store estimates losses of around $13,000, unless the 220 stolen sneakers are recovered, because, just like the thieves, he can’t sell the sneakers individually.

The sneaker store had only been open for a few months but is one of several to be burglarized recently. In mid-April, the National Police of Peru captured a thief who had made off with six sacks full of sneakers from a shoe store in Ica, a city in southern Peru.

“Surely they wanted to sell it at half price,” one Twitter user joked.

Oddity Central

A delegation of five Nigerian Weightlifters and two coaches returned to the country on Thursday after they amassed 12 medals at the 2023 Senior Africa Weightlifting Championship in Tunisia, which also serves as 2024 Olympic Games qualifiers.

The delegation, led by the President of the Nigeria Weightlifting Federation, NWF Ibrahim Abdul, came into the country via Lagos.

This was announced in a statement signed by the federation’s media officer, Amaechi Agbo.

Nigeria won 12 medals, comprising three gold, seven silver, and two bronze medals at the championship.

Lawal Rofiat and Olarinoye Adenike Adijat won three gold and three silver medals, respectively, in the 59kg women’s category on Tuesday.

Eze Joy Ogbonne and Edidiong Umoafia won six additional medals on Wednesday. While Ogbonne clinched three silver medals in the 71kg women’s category, Umoafia won a silver and two bronze medals in 73kg men.

Umoafia could have won more medals, but he had an injury during the Snatch, where he won a silver medal. He managed to continue and got a bronze in the Clean & Jerk and Total.

Nigeria’s quest to increase their medal haul on Wednesday did not go as planned after Akano Desmond came fourth in the 89kg men’s category.

Desmond, who rounded off Nigeria’s participation at the championship, had a lift of 145kg in the snatch, 190kg in the Clean & Jerk and a Total lift of 255 kilograms to emerge fourth in the category.

Nigeria weightlifters will participate in six Championship qualifiers as they seek to return Nigeria to the global weightlifting map in the 2024 Olympics Games in Paris, France.

PT

Presidential Election Petitions Court has fixed May 22 to rule on the modalities for the conduct of the main hearing in the petition by the Allied Peoples Movement (APM).

Presiding justice of the court, Haruna Tsammani, on Thursday adjourned the petition of the APM on the date, which is also meant to hear agreements by parties on the number of witnesses and time to be allocated for their examination and cross-examination.

Lawyers to the parties in the APM petition, INEC, APC, Tinubu, Shettima, and Kabiru Masari confirmed that they agreed not to object to any documents certified by INEC to be relied on at the trial.

The panel also reserved a ruling on the application by the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, for the live broadcast of the proceedings of the court.

As the pre-hearing session is set to end on Monday, the panel is also expected to rule on agreements on motions to be allowed in the main hearing as agreed by parties in the petition, which is expected to be on the same Monday.

Meanwhile, the panel has directed Atiku’s lawyers and the parties in the matter to attend the sitting on Friday to adopt their outstanding motions after those of the Labour Party and its presidential candidate, Peter Obi.

Tinubu and the APC have filed separate applications seeking to strike out paragraphs or the entire reply of Atiku to their preliminary objection where he raised fresh issues of dual citizenship and drug offenses forfeiture in the US.

Similarly, INEC, Tinubu, and APC on Thursday argued their respective motions opposing the live broadcast of the proceedings of the court.

Moving the motion on Thursday, lead counsel to Atiku, Chris Uche, said the application was necessary because of the “monumental importance and significance” of the petition to members of the public.

He said the court should discountenance the objections to the application as it did not raise a single legislation or statute in support of their objection.

But counsel to INEC, Abubakar Mahmoud, said the application was unnecessary, uncalled for, and defeats the aim of the court as the media already have access to proceedings.

He said any special provision for live broadcast has to come by judicial policy, which the panel as constituted could not do.

Similarly, counsel to Tinubu, Wole Olanipekun, described the application as strange because the court is not a stadium ground, theatre, or circus but a place of serious business. 

He noted that the security of judges, lawyers, and witnesses could be jeopardised by the live broadcast.

Making his submission, counsel to APC, Lateef Fagbemi, described the application as similar to seeking a reality TV like the ‘Big Brother Series’, adding that the petitioners did not disclose the injury they would suffer if the application was not granted.

The parties also informed the court that they would similarly be objecting to LP and Obi’s application for the live broadcast on Friday.

The panel directed that the parties must present all issues that they would be objecting to or not and the time for their witnesses during the main hearing.

Daily Trust

Federation Account Allocation Committee says it shared N655.93bn among the three tiers of government in April 2023.

The figure represents a decrease of N58.7bn compared to the N714.63bn shared in March 2023.

FAAC disclosed this in a communiqué issued at the end of its latest meeting in Abuja on Thursday.

The allocation shared for April is consistent with the pattern of declines throughout this year.

The total amount includes gross statutory revenue, Value Added Tax, Augmentations from Forex and Non-oil Mineral Revenue, and electronic money transfer levies.

The Federal Government received N248.81bn, the states received N218.31bn, and the local government councils got N160.6bn, while the oil-producing states received N28.22bn as derivation (13 per cent of mineral revenue).

It was also noted that the gross revenue available from the Value Added Tax for the month of April 2023 was N217.74bn, with the cost of collection taking N8.71bn, and the rest was shared among the Federal Government, States and Local Government Councils.

The breakdown showed “From that amount, the sum of N8.71bn was allocated for Costs of Collection and the sum of N6.271 given for Transfers and Refunds. The remaining sum of N202.76bn was distributed to the three tiers of government of which the Federal Government got N30.41bn, the States received N101.38bn, Local Government Councils got N70.97bn.”

For the Gross Statutory Revenue, N497.46bn was received, with N18.79bn as the Cost of Collection and a total of N114.02bn for Transfers, Refunds and Consultancy fees.

The remaining balance of N364.65bn was shared with the Federal Government (N180.66bn), States (N91.63bn), and LGCs got (N70.65bn), while Oil Derivation (13 per cent Mineral Revenue) got N21.72bn.

The communique added that N15.12bn from the electronic money transfer Levies was distributed to the three tiers of government.

The breakdown for EMTL showed “the Federal Government received N2.18bn, States got N7.26bn, Local Government Councils received N5.08bn and the sum of N0.61bn was allocated to Costs of Collection.”

It added, “The Communique disclosed an Augmentation N50bn from Forex Equalization, which was shared as follows; Federal Government received N22.92bn, the States got N11.62bn, the sum of N8.96bn allocated to Local Government Councils, while N6.5bn given to Derivation (13 per cent of Mineral Revenue).

“Also, N24bn Augmentation from Non Mineral Revenue was shared accordingly. The Federal Government got N12.64bn, the States received N6.41bn, while the Local Government Councils got N4.94bn.”

It was noted that Petroleum Profit Tax, Companies Income Tax, Oil and Gas Royalties, Import and Excise Duties and Value Added Tax all decreased considerably, only Electronic Money Transfer Levy increased albeit marginally.

It added, “The balance in the Excess Crude Account as at May 18, 2023 was $473,754.57.”

Punch

As the Dangote Refinery begins operations next week, the supply of 300,000 barrels of crude oil per day by the Nigerian National Petroleum Company Limited to the facility is going to commence, Group Chief Executive Officer, NNPCL, Mele Kyari, announced on Thursday.

Kyari, who disclosed this at the ongoing 4th Nigerian Oil and Gas Opportunity Fair in Yenagoa, Bayelsa State, also urged all stakeholders to join the national oil company in growing crude oil and gas production in Nigeria.

He said the NNPCL, which had 20 per cent stake in the refinery, was ready to meet its crude supply obligations to the facility, stressing that with the coming on stream of the refinery next week, the national oil company “wll be supplying 300,000 barrels of crude oil per day to Dangote.”

He was quoted in a statement as saying, “We want to address the energy challenges so that industrialisation can come to the country. 48 per cent of all revenue that comes to the government comes from the oil and gas sector and we are in a very good position to support the growth of the economy.”

Dangote Refinery, established by Africa’s richest man, Aliko Dangote, is scheduled to be inaugurated on May 22. The inauguration would be done by President Muhammadu Buhari.

The 650,000bpd facility, estimated to worth over $19bn, is an integrated refinery project under construction in the Lekki Free Zone, Lagos, Nigeria. It is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility.

The company, on its website, said the refinery would meet 100 per cent of the Nigerian requirement of all refined products and also have a surplus of each of these products for export.

“Dangote Petroleum Refinery is a multi-billion dollar project that will create a market for $21bn per annum of Nigerian crude. It is designed to process Nigerian crude with the ability to also process other crude,” the firm stated.

The announcement of the planned inauguration of the facility on May 22 had also elicited excitement and expectations among Nigerians, industry operators, government officials and other stakeholders.

“We are optimistic and excited to know that the refinery is set for the inauguration, considering the humongous benefits that it is going to have on not just the oil sector, but on the Nigerian economy,” the National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, Ukadike Chinedu, had stated.

“With the coming on board of the Dangote Refinery, we believe that Nigeria will say goodbye to PMS scarcity, as well as the poor supply of other petroleum products,” Ukadike stated.

Punch