Nigerian Newspapers, read top Naija News headlines today, 27 October 2022 below.
NAIJA NEWS NG has compiled top Naija News headlines from Nigerian newspapers today, this means the latest Naija news, top newspaper headlines, and happenings in Nigeria can be accessed on this page.
1. 62 years old Gershon Ogbuluijah who mounted Labour Party’s Flag on Mount Kilimanjaro Speaks
Gershon Ogbuluijah the 62 years old Nigerian who climbed Mount Kilimanjaro to mount the logo of Labour Party, tells his story .
Naija News NG reports that Mr Ogbuluijah revealed that he began his mission on 20th of October, 2022 and after 10 and half hours of climbing 5,895m above sea level, he made it to Uhuru peak of Mount Kilimanjaro.
He wrote on Twitter: “On Fri, 20/10/2022 after 10½ hrs of climbing, hiking and trekking, I made it to the Uhuru Peak of Mount Kilimanjaro, 5,895m above sea level. There is no better place to announce the coming of a New Nigeria than the Rooftop of Africa.”
READ : Labour Party Accuses Folashade Tinubu-Ojo And Sanwo-Olu Of Intimidating Its Supporters
In another tweet, he explained why at 62 years old he did this .
“I am making this additional post to clarify the ffg: 1. I am not a robot. 2. I am not young but I feel the pain of the youth, so i did this. 4. I live in Nigeria, travelled to Tanzania on 11th, started climbing on 15th submitted on 20/10/22. 5. I returned to Nigeria 6 hrs ago.”
2. GTCO Plc Releases 2022 Q3Unaudited Result…….. Reports Profit Before Tax of ₦169.7billion
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange(LSE).
The Group reported profit before tax of ₦169.7billion, representingan increase of 11.7% over ₦151.9billion recorded in the corresponding period ended September 2021. The Group’s loanbook (net) increased by 2.2% from ₦1.80trillion recorded as at December 2021 to ₦1.84trillion in September 2022, while deposit liabilities increased by 6.4% from ₦4.13trillion in December 2021 to ₦4.39trillion in September 2022
READ : GTCO Plc Releases 2022 Half year Audited Results … Reports Profit Before Tax of ₦103.2billion
The Group’s balance sheet remained well structured and resilient with total assets and shareholders’ funds closing at ₦5.81trillion and ₦872.8billion, respectively. Strong Capital Ratios and Asset Quality were sustained as CAR, NPL ratio, and Cost of Risk (COR) closed at 20.7%, 5.6%, and 0.2% in September 2022 from 23.8%, 6.0%,and 0.5% in December 2021, respectively.
Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCO Plc), Mr. Segun Agbaje, said; “The Group’s 3rd quarter result reaffirms our strategy for long-term growth and underscores our capacity to deliver sustainable strong performance despite the volatilities in our operating environment. We have also kept in focus our vision of supporting small and medium enterprises specifically through our free business platforms to help them stay in business and expand their offerings. With our non-banking businesses fully operational alongside our core banking subsidiary, we are well positioned to maximise our earnings potential going into the 4th quarter of the year.”
He further stated; “In creating a thriving financial services ecosystem, our goal is to offer great experiences to all who interact with our brand whilst continually enhancing access to innovative financial solutions for individuals and businesses across Africa. We are appreciative of all our customers and other stakeholders who are with us on this journey of building a truly global African financial services institution.”
Overall, the Group continues to post one of the best metrics in the Nigerian Financial Services Industry in terms of key financial ratios i.e., Pre-Tax Return on Equity (ROAE) of 25.8%, Pre-Tax Return on Assets (ROAA) of 4.0%, Full Impact Capital Adequacy Ratio (CAR) of 20.7% and Cost to Income ratio of 45.1%.
GTCO Plc is a fully-fledged financial services group with banking operations across West and East Africa and the United Kingdom as well as non-banking businesses in several key industry segments including payment, funds management, and pension fund management. With ₦5.8trillion in assets and over 28 million customers, the Group remains one of the most profitable and best–managed financial services companies out of Nigeria providing commercial banking services and non-banking financial services across eleven countries. Its leadership in the banking industry and efforts at empowering people and communities have earned it many prestigious awards over the years including Best Banking Group in Nigeria and Most Innovative Bank in Nigeria at the 2022 World Finance Banking Awards. It also retained its position as Africa’s Most Admired Financial Services Brand in the 2022 ranking of The Brand Africa 100: Africa’s Best Brands.
3. CBN to launch new Naira notes December
The Central Bank of Nigeria has announced it will launch new naira notes before the end of the year.
The newly redesigned Naira notes are to come into use, December 15, 2022.
READ : 40 Years Ago 1 Pound Was 0.8189 Naira – Rufai Oseni , Arise TV Anchor
The CBN Governor Godwin Emefiele disclosed this at a press conference on Wednesday.
The Apex bank boss revealed that the new currencies will include the N200, N500 and N1000 notes.
He advised Nigerians to take their old notes to banks in exchange for new ones.
4. David Hundeyin Named University of Cambridge Fellow
The Distinguished James Currey Fellowship, 2023 and residence in Cambridge as Academic Visitor at the Centre of African Studies in the University of Cambridge has been awarded to Nigerian journalist, David Hundeyin.
The Distinguished James Currey Fellowship is the brainchild of the Oxford-based James Currey Society.
The James Currey Society was founded by Nigerian writer, filmmaker and publisher, Onyeka Nwelue. The Society is focused on making the works of James Currey known globally, and accessible to as many people as possible.
Dr. Bronwen Everill, the director of the Centre for African Studies, said: “I am pleased to confirm that Mr Hundeyin has been appointed to a Distinguished James Currey Fellowship at the Centre of African Studies from 30 January to 1 March 2023.”
READ : Dele Alake : David Hundeyin Knocks Tinubu’s Media Czar, Says He Is A Bad Liar
Being a member of the James Currey Society offers you the chance to participate in both academic and performative workshops held by leading publishers and authors. Members of the James Currey Society undertake research projects about funding publishing and empowering writers.
David Hundeyin is a writer, investigative journalist and broadcaster whose work has appeared on CNN, The Africa Report, Al Jazeera and The Washington Post. His work as a satirist on ‘The Other News,’ Nigeria’s answer to The Daily Show has featured in the New Yorker Magazine and in the Netflix documentary ‘Larry Charles’ Dangerous World of Comedy.’
In 2018, he was nominated by the US State Department for the 2019 Edward Murrow program for journalists under the International Visitors Leadership Program (IVLP).
In February 2021, he won the People Journalism Prize for Africa 2020 for his work unraveling predatory legislation that was being rushed through Nigeria’s House of Representatives.
In June 2021, he was selected as Africa’s only representative on a list of 12 writers and journalists from around the world chosen to take part in Substack’s inaugural $1 million Substack Local program.
In December, he was named the GRC (Governance Risk Compliance) Anti FinCrime Reporter Of The Year at Nigeria’s GRC Awards. Most recently in March 2022, his OSINT investigation “Who Killed Hiny Umoren?” made the global shortlist at the 2022 Sigma Awards for data journalism.
According to him, “he irritates powerful people for a living, so he currently lives in exile under asylum protection where he can be found tweeting his uncut and uncensored thoughts from the handle
@DavidHundeyin
.
5. I am now jobless, you will kiss me till you are tired – Wike tells his wife
Rivers State Governor, Nyesom Wike on Tuesday, October 25, revealed a romantic conversation he recently had with his wife, Eberechi Wike.
Speaking at a dinner/reception organized in his honor to celebrate the ‘Distinguished Award in Infrastructure Delivery’ recently presented to him, the governor said as the elections draw nearer and his tenure winds down, he recently told his wife that he no longer has a job as governor and that he has promised her his full attention.
READ : Wike And Gang Fly Out To Spain For Another Secret Meeting
Ortom Alleges Atiku Works With Miyetti Allah , Withdraws Support
He said ;
“I am going, and I am also happily going. I don’t have any regrets. In fact, I told my wife that now I have no job, you will kiss me till you get tired.”?
6. Lady Found Dead In A Hotel Located On The Cross River State House Estate
A yet-to-be-identified lady was recently found dead in a guest house located on the State House estate in Calabar, Cross River State.
According to reports, the young lady had come into the hotel in the company of a man who is currently on the run. Some of the staff of the hotel have been arrested over the sad occurrence.
Cross River Garment Factory Begins Garment Export
Confirming the incident, the spokesperson of the state police command, DSP Irene Ugbo, said;
“Yes, we are aware of the incident and the story is true. A man and a woman lodged in a hotel and the woman was later found dead. We are investigating the matter.”
7. Tinubu And His Family Are Parasites To Lagos – Labour Party Replies Keyamo
The Labour Party has reacted to the challenge Festus Keyamo threw at Peter Obi’s son, to lead a rally in Anambra like Seyi Tinubu did in Lagos .
Naija News NG reports that the Obi Datti Campaign Council in a statement said the family of Peter Obi are not the ones contesting for President, they are doing meaningful things with their lives and staying away from the treasury of the state.
READ : Dele Momodu Demystifies Bola Tinubu, Calls Keyamo A Political Neophyte
The Campaign Council went further to say, “Unlike Tinubu and his household, who have grown to be stupendously wealthy with no identifiable industry or means of making money outside the state government for over two decades, Obi is not like that.”
Peter Obi’s campaign, in a statement on Tuesday, said the only thing that joins him and Tinubu is that they were once governors of states in Nigeria, “after that one became a parasite to the state government he served with his entire family while the other left government house and he and any members of his family never collected a dime from Anambra state.”
The campaign said: “Unlike Tinubu and his household, who have grown to be stupendously wealthy with no identifiable industry or means of making money outside the state government for over two decades, Obi is not like that.
“If Keyamo had taken time to study the family he speaks for very well; he would have avoided this comparison that is bound to expose the parasitic life of his Principal and understand why the entire household is headlong in the campaign.
“The other time Tinubu’s wife, Senator Remi, was threatening fire and brimstone over Lagos, then the daughter and now the son is showing off with rally. Do you blame people struggling to keep a family business? The Tinubu family has cornered the commonwealth of Lagos state, which they now run as a family enterprise.
“Obi’s family is not part of his politics. They are running their lives, contributing to development without nearing public funds.”
The Obi-Datti campaign organizations stated that it was the former Anambra governor that is seeking to govern Nigeria, not any other member of his family.
“He has said repeatedly that Nigerians must reject anybody desiring to be President by proxy,” the statement said.
8. Dele Momodu Demystifies Bola Tinubu, Calls Keyamo A Political Neophyte
In a new article, Dele Momodu described Bola Tinubu as an emperor and mercilessly berated Festus Keyamo, saying he is now a shadow of himself since he became a minister.
Naija News NG reports Dele Momodu titled the article, FESTUS KEYAMO AND HIS ERRATIC VITUPERATION . Read below :
Dele Momodu said that a “shameless Festus Keyamo” was one of those who had once wanted to “run Tinubu out of town” when there was an attempt to impeach him as Lagos governor.
“I have just read Festus Keyamo’s response to my critique of the APC Manifesto of lies. I’m not surprised that all he could do was yell as usual without examining or practically addressing the content of my article. Unfortunately, he picked on a wrong customer.
Let me take a few minutes to educate this young friend of mine who has since become a shadow of his old self since he was offered an appointment, that makes him look so incompetent, by President Muhammadu Buhari.
Any self-respecting soul would have since resigned but Festus Keyamo was not at home the day shame came visiting. The Ministry in which he’s a mere figurehead is in total shambles and only a Bola Tinubu would have given the job of a spokesperson to such a certified nuisance.
What did Festus say I did wrong? He quoted copiously from an article I wrote about two years ago, which the Tinubu media teams have been using to campaign endlessly, because they have no stronger voice of their own. I’m indeed flattered.”
Dele Momodu also said he loves Bola Tinubu the man but disagrees with his style of politics .
“There is no doubt that I love Tinubu the Man but I disagree vehemently with Tinubu the Politician. This is not the first time I will say it publicly. Since I now have the opportunity of presenting the bones of my disagreement with Tinubu, courtesy of Festus Keyamo, I will lay them bare.
Tinubu has declined in the last few years. I used to see him as a man of his people but no supposed generalissimo would ever abandon his people in the days of trouble and tribulation. None of the people around him could tell him the truth for pecuniary reasons.
He knows it himself but he desperately wants to be President of Nigeria, by fire by force, after he has lost most of his formidable foot soldiers, and now relying on outsiders to activate and actualize his lifelong ambition for him, which is his legitimate right. But Nigerians have the right to scrutinise his action plans.
When he was Governor, I supported him from the distance while he surrounded himself with some people who pretended to love him. When he was busy distributing land to journalists in Lagos, I refused to collect my papers because I love my freedom, the reason I was able to tell him truth regularly.
When he was to be impeached for some infractions, and many of his so-called loyalists were washing off their hands clean, like the Biblical Pontius Pilate, my very dear friend, Tokunbo Afikuyomi, stood by him like the Rock of Gibraltar. But how did he repay Tokunbo who took all the bullets? This shameless Festus Keyamo was one of those who wanted to run Tinubu out of town.
Nduka Obaigbena and I had to step in at some point before he could consider Tokunbo for anything. Tokunbo had wanted to be the Governor of Lagos State and Tinubu goaded him on and allowed him to waste his resources. It was when I got Chief Harry Akande to give Tokunbo the ANPP Governorship ticket for Lagos State that Tinubu suddenly realised he had offended his “suicide bomber!”
READ : What Oluremi Did When I Told Her I Wont Campaign For Tinubu – Dele Momodu
He also wrote about the political battles Bola Tinubu has fought and named his cronies that are no longer close to him .
“During his battle to stop Dr Abubakar Bukola Saraki from becoming the Senate President, we all saw how the younger politician outsmarted him. I had warned him to leave the gentleman alone because no one should play God, but he went ahead until the gentleman floored him effortlessly During his egoistic battle against Governor Babatunde Raji Fashola, I wrote an article asking him not to try it because their marriage was consummated in heaven. Somehow, he backtracked. In spite of him, Fashola continues to remain relevant in Nigerian politics.
Again, when he continued his tradition of “hire-and-fire” and started plotting against Governor Akinwumi Ambode, I buried my love for Babajide Sanwo-Olu, to speak up against the injustice of removing a great technocrat who was doing well in Lagos. The President of Nigeria, the Vice President, the Governors’ Forum and many distinguished Nigerians begged him to no avail. He must have his way always. The same personalities are now the people he needs and wants to make him President. Nigeria is looking for a President, with compassion and competence, not an Emperor!
Tinubu is a man who loves to bait the Masquerade with a goat but will never release the rope. That’s why he kept losing his best friends like Musiliu Obanikoro, Ambode, Muiz Banire, Opeyemi Bamidele, Rauf Aregbesola, Fuad Oki, Yemi Osinbajo, Adenrele Adeniran-Ogunsanya Babafemi Ojudu, Rahman Owokoniran, Kashim Ibrahim-Imam, Aminu Tambuwal, Yakubu Dogara, Nasir El Rufai, Babachir Lawal, Rotimi Akeredolu, Kayode Fayemi, Aro Lambo, Adeseye Ogunlewe, Jimi Agbaje, Ibikunle Amosun, Femi Pedro, Gbenga Daniel, Kofo Akerele Bucknor, Remi Adikwu Bakare, Tunji Abayomi, Tokunbo Ajasin, Mulikat Akande, Chief Dapo Sarumi, Adeniran Ogunsanya Amos Akingba, Bolaji Akinyemi, Mojisola Akinfenwa, John Oyegun, Godwin Obaseki, Yinka Odumakin, Papa Ayo Adebanjo, Papa Abraham Adesanya, Dupe Adelaja, Toyin Fagbayi, Papa Olanihun Ajayi, Babafemi Ojudu, Prince Dipo Eludoyin, Vice President Yemi Osinbajo, who seems to be aloof to Tinubu’s campaign, and so many others, even if some of them have since reconciled due to political expediency.
Tinubu personally decimated the pan-Yoruba group, Afenifere, after enjoying their massive support when we came back from exile in 1998.
For me, his biggest sin is the fact that he went funereally quiet when APC became a totally hopeless case, just because he’s hoping to inherit Buhari’s structures.
Lastly, I hope he would have the energy to make himself available for a rigorous scrutiny of his Manifesto. He wants to renew what actually? He wants to turn Nigeria into another Lagos?
Many of those who love him genuinely know that the demystification process has started. They wished he had not subjected himself to this agony and anguish. But they can only say so in hushed whispers. Nigerians deserve better. I have been actively involved in politics.
I hope Keyamo does not delude himself that I cannot make my own choices. I certainly have, and done so openly boldly. Atiku Abubakar is my choice. He is not a pretender to the throne. He has pursued his dreams with grace, good comportment, self-discipline and uncommon equanimity.
Festus and his gang keep quoting a 2019 article that I wrote. They should go and frame my other writings too. As for that political neophyte called Keyamo, he still has a lot to learn while trying hard to be a lap-dog. He should be reminded that he is still a Minister of State of the Federal Republic of Nigeria, paid at tax-payer’s expense. He should learn to moderate his undue exuberance.
I could go on ad infinitum but let’s cool temper for now.
Chief Dele Momodu
Director of Strategic Communications
ATIKU/OKOWA Presidential Campaign Council.”
9. Fuel Scarcity Hit Lagos, Abuja, Ogun Other States In Nigeria
Lagos, Abuja, Ogun states were hit by fuel scarcity, forcing motorists to spend hours at filling stations while battling to get the product.
Black marketers had a field day, selling a litre of fuel at N300-N400 in many parts of the country. Many motorists were forced to patronise them as the unpalatable alternative was to wait for hours in filling stations.
Amid long queues and waiting hours in Lagos, some filling stations sold a litre of the Premium Motor Spirit at N200/litre as against the approved price of N180-N185/litre.
One of our correspondents who visited some filling stations around Ikotun, Egbeda and Ojodu Berger areas on Monday and Tuesday witnessed long queues at the few stations that managed to sell.
A businessman, Kayode Oloriegbe, said he could not wait to buy from filling stations, but had to patronise a black marketer who sold at N300/litre.
READ : FUEL SCARCITY : NUPENG Orders Tanker Drivers To Pull Out Of Lagos
“I was lucky to buy a 10-litre gallon at N3,500. Others said they bought at higher prices from the black marketers,” he said.
A tricyclist, Ade, who operates between Ago Palace Way and Second Rainbow Bus Stop at Amuwo-Odofin, said, “Black marketers sell five litres at N1,700 at Ago Palace during the day and N2500 at night. This is a normal thing. Whenever we are approaching the end of the year, we mostly witness fuel scarcity.”
One of our correspondents who went round the Isolo, Okota and Ilasa axis in Lagos witnessed that only one out of six petrol stations around that axis sold petrol to motorists and other consumers. Others said they did not have petrol.
Two NNPC filling stations before Sule Abore Street in Ojodu were shut.
The attendants at the filling stations told The Punch that they had run out of fuel. They, however, said they were expecting to get the supply before the end of yesterday (Tuesday).
At Bova’s filling station, a long queue caused traffic gridlock along Ogba road as of the time of filing this report.
Similarly, a long queue was sighted at Rainoil filling at Berger Roundabout, with some drivers alleging that they were charged an extra N300 by fuel attendants. The attendants declined to speak with our correspondent.
At the Eterna Oil filling station located before Afeez Bus Stop, Ojodu Berger, there was also a long queue.
One of the fuel attendants said the trucks that were supposed to supply them with fuel did not turn up.
A similar long queue was seen at the Amuf Oil filling station at the Grammar School Bus Stop, Ojodu Berger.
An attendant at Oando filling station, Aguda, after Omole Bus Stop, who spoke with The Punch, told one of our correspondents that the flood that occurred a few days ago caused fuel prices to shoot up at depots, making it difficult for many stations to sell at regulated prices.
Checks by one of our correspondents revealed that many of the petrol stations along Alagbole/Akute/Denro/Ajuwon axis were shut due to the unavailability of petrol, while some of the filling stations witnessed small crowds of motorists jostling to manoeuvre through the queues.
It was also observed that while some of the filling stations sold at N180/litre, others sold as high as N185 as motorists flooded forecourts of gas stations in search of petrol.
A motorist, who identified himself as Alabi, said he had tried to get the product from more than three different stations on Tuesday before retiring out of frustration.
“When I came back from work yesterday, I tried at least three different filling stations, all to no avail. None of them sold. This one is out of the blue. The country is just becoming frustrating. Here, they sell at N180. By the time you come tomorrow, they might sell at N190.”
On the Iyana-Iba – Egbeda axis, only two filling stations (Oando and Total) were sold as at the time of this report while the gates of other stations, including the ones belonging to the Nigerian National Petroleum Company Limited (NNPCL), were under lock and key.
Other stations such as TotalEnergies, Ardova, 11 Plc and Fatgbems on the Berger expressway had long queues as of Tuesday morning.
Stations such as TotalEnergies and NNPCL sold at N180 per litre.
In Katsina State, operators of illegal fuel depots known as “Bubulutu” were the only ones that sold fuel to motorists and other users of the product.
The few filling stations that still sold the product, especially in the state capital, only sold for a few hours before announcing to motorists that the product was no longer available.
Although the majority of the black market operators sold at N2,000 per four-litre keg, they still recorded heavy patronage due to the non-availability of the product in many filling stations in the state.
Fuel scarcity was first observed at the beginning of October in the state and was attributed to the flooding witnessed along some of the routes which vehicles supplying fuel passed through.
The situation was still on as of Tuesday.
It was also observed that the few filling stations sold fuel to motorists N240 and N270 per litre.
Some motorists said the development had forced them to buy the products from neighbouring states where they alleged they found it easier to buy without much stress.
A lecturer at a University in Katsina said, “What I do these days before coming to Katsina is to fill up my car either in Kano or in Gusau and also buy an extra 25 litres to take care of my movements while here. I believe the fuel scarcity is more or less artificial, instead of all these flooding reasons being given as excuses.”
Transport costs rise
Transport costs have risen in response to the fuel scarcity.
Transport fare from Iyana-Isolo to Berger axis in Lagos that used to go for N500 increased to N800 on Tuesday.
Commercial vehicle drivers moving from Iyana Oworo to Berger raised their fares from N300 to N400 while those plying the Ketu to Arepo axis jerked up theirs from N400 to N500.
Some of the passengers plying Berger through Obalende and CMS were charged N700 rather than N500. Others plying Berger through Oshodi/Gbagada axis paid N500 instead of N500.
One of the drivers blamed the fuel scarcity, stating that some of they were being forced to patronise black marketers to avoid lining up behind long queues.
Marketers blame low supply
Oil marketers said there had been a low petrol supply by NNPC Limited.
Although spokesperson for the NNPC Limited, Garba Deen Mohammed, was not available to speak on the development, the National Operations Controller, the Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, told The PUNCH that there was no fuel in the country.
During a telephone conversation, Osatuyi said most of his members were unable to get products at depots.
“There’s no fuel. The NNPC is the monopolist supplier and my members have been unable to get products,” he said.
For some years now, the NNPC has been the sole importer of petroleum products into the country.
According to Osatuyi, those few members who were able to get products at the depots bought at between N175-N178 per litre.
When asked if the state oil firm had explained to marketers the reasons for the low supply, Osatuyi said his members were not interested “in stories.”
“What we want is products to sell, and we haven’t been getting it for some days now. Let NNPC give us fuel. Let them bring in vessels,” he said.
Chairman, IPMAN Western zone, Dele Tajudeen, blamed private depot owners for the hike in price.
According to him, there had been an increase in depot price of fuel from N148.17 per litre to N178 per litre in the last one week.
He noted that none of the NNPCL depots had the product, prompting private depots to take advantage of the situation.
“The only option for our members is to opt for private depots to keep our business moving.
We are totally against the increase because it will affect our profit margins and the masses. Some private depots that have the product deliberately refuse to sell for reasons best known to them,” he said, noting that the marketers should not be blamed for the increase in pump price.
“Selling at N170 per litre is not realistic,” insisting that IPMAN members had no other option than to sell between N195 and N200 per litre within Lagos, Ogun and Oyo states, and between N200 and N210 in Kwara, Ondo, Osun and Ekiti states.
He justified the hike in price on different charges, among which was the vessel charge paid in dollars.
“We are equally calling on the management of the NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to investigate the arbitrary increase in fuel price by the private depot owners,” he added.
The Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria, Olufemi Adewole, did not answer calls.
NMDPRA warns Nigerians against panic buying
Meanwhile, the Nigerian Midstream and Downstream Petroleum Regulatory Authority appealed to Nigerians not to engage in panic buying of petrol, saying it had enough in stock.
The Chief Executive Officer, NMDPRA, Farouk Ahmed in Lagos on Tuesday, said he had checked with MOMAN and the NNPC Ltd. on the level of fuel stock and confirmed that they had sufficient stock.
“l spoke with the MOMAN’S Executive Secretary this morning and he told me they have sufficient stock. I have directed them to start evacuating the product immediately to filling stations.
“NNPC has also confirmed sufficiency and they have commenced evacuation. From now till tomorrow, the situation will be back to normal.
“I don’t know what is happening but we are on top of the situation,” he said.
Ahmed assured that there was enough fuel and appealed to members of the public to avoid panic buying as all efforts were being made to resolve shortages in some filling stations in Lagos and its environs.
