The Dangote Group has disclosed that its 650,000BPD refinery project under construction in Ibeju Lekki, Lagos will be completed by end of December.
The company’s Group Executive Director, Strategy, Capital Projects and Portfolio Development, Mr Edwin Devakumar said yesterday in Abuja,
while delivering a corporate keynote address at the Nigeria International Petroleum Summit (NIPS).
He assured Nigerians that the project would be completed in December, adding: “The refinery has so far achieved considerable milestones considering the global health crisis that hindered the desirable progress.
“The project has incurred some delays due to the COVID-19 pandemic.
“As at date, the project construction has progressed to 79 per cent and an overall project completion of 89.50 per cent, considering engineering, procurement and construction.
“At the current rate of progress the mechanical completion is now expected to be accomplished by fourth quarter. Commissioning is expected to commence immediately”, he said.
Devakumar said the $12 billion refinery is expected to process a variety of light and medium grades of crude to produce Euro-V quality clean fuels.
He said the refinery would also produce 10.4 million tonnes (Mt) of gasoline, 4.6Mt of diesel, and 4Mt of jet fuel a year.
“It will also produce 0.69Mt of polypropylene, 0.24Mt of propane, 32,000t of Sulphur, and 0.5Mt of carbon black feed annually,” Devakumar added.
On the economic benefits of the refinery,
Devakumar said it would create thousands of direct and indirect jobs for Nigerians and increase the country’s Gross Domestic Product.
He said it would also save the country the foreign exchange expended on importation of petroleum products and guarantee product availability in the market.
Devakumar said apart from the Nigerian market, the refinery would be exporting refined petroleum products to Europe and South America as part of its business strategy.
EFCC, FBI in joint Operation Nab 167 Fraudsters
By Gom Mirian, Abuja and Blessing Bature-Akpakpan, Abuja
The Economic and Financial Crimes Commission (EFCC) in collaboration with the Federal Bureau of Investigation (FBI) have announced the arrested of 167 Nigerians for alleged computer-related frauds within three weeks.
The Acting Chairman, EFCC, Mr. Abdulrasheed Bawa, represented by Director of Operations, Mohammed Abba, stated that the just concluded coordinated operations with the FBI tagged: ‘Operation Rewired’, resulted in the recovery of $169,850 as well as N92 million.
He said that four exotic cars, plots of land in choice areas in Lagos and a property in Abuja were also recovered during the operation, adding that “being an international model operation targeted at computer-related frauds, the EFCC, FBI collaborative operations, spanning three weeks, was designed to intercept and interrupt the global network of internet fraudsters.
“Before now, we had relentlessly launched intensive investigative actions against the infamous ‘yahoo yahoo boys’, culminating into various strategic raids, onslaught on criminals hideout, prosecutions and convictions.
“Our efforts in collaborating and coordinating the EFCC, FBI joint operations in Nigeria recorded tremendous successes leading to a number of arrests, seizures and recoveries.
“The suspected fraudsters arrested in the course of the operation will be prosecuted accordingly,” he said.
Bawa, therefore, urged the media to continue to help in mobilising and educating all critical stakeholders on the need to support the fight against economic and financial crimes, saying that society owes the youths the social responsibility of awakening their consciousness to the importance of a noble life devoid of crimes.
“I wish to state with a high sense of responsibility, there is no short cut to success other than hard work and youths must shun crime and its alluring temptations, because it will always end in sorrow and regrets.
“Now that the infamous internet crimes have received global attention and concern, there will be no hiding place for fraudsters,” he said.
Bawa said that the EFCC would continue to partner with the FBI and other international law enforcement agencies, especially in the area of exchange of information and actionable intelligence that would help to reduce the menace of cybercrime and other computer-based frauds in the country.
Also speaking, Mr Uche Ahamdi, Legal Attaché, FBI, Abuja said that IC3; FBI’s global reporting internet fraud body received 20,373 Business E-mail Compromised (BEC) complaints with losses of over 1.2 billion dollars.
“The FBI and law enforcement partners in the US and abroad implemented a strategy to target and disrupt these scammers and illicit actors and dismantle international fraudulent BEC transactions.
“The sweep ran from May through September during a four week period primarily in the U.S., Nigeria, Ghana, Turkey, France, Italy, UK, Japan, Kenya and Malaysia.
“This was done in accordance to the efforts to dismantle international fraudulent BEC transactions and pursue organised criminal enterprises that target and harm American businesses,” Ahamdi said.
Crises Trail APC Ward Congresses
From Dan Amasingha, Minna;Victor Gai, Jalingo
Mixed reactions have continued to trail the nationwide ward congresses of the All Progressives Congress (APC) with more knocks than appraisals.
DAILY ASSET which monitored the situation can report that the party ran into muddy waters in many states of the federation.
Factional Secretary Declares Ward Congress Illegal, Null and Void
In Niger state, crisis of confidence rocking the party came to the fore as embattled factional secretary of the party, Barrister Mohammed Liman. said that the ruling party was heading towards self-destruction following it decision to go ahead with the Ward congress despite the ongoing litigation over the legality of the caretaker committee put in place in the state.
Liman said any action taken by the caretaker committee, including the Saturday’s Ward congress is null and void, stressing that all those elected as Ward leaders from the Saturday congress of the party cannot preside over the affairs of the party as their action will be termed illegal.
It could be recalled that the Secretary and his embattled Chairman, Engineer Jibrin Iman were removed from office over allegation of financial misappropriation, a decision that is being challenged in court by the two leaders and the case still pending at the State High court.
The Secretary who spoke to our correspondent in Minna on Sunday, warned the party not to continue with the congresses without addressing some pending legal issues, pointing out that until the determination of the suit challenging their suspension from office, they remained the authentic members of the exco as their removal/suspension did not conform to the party’s constitution.
“We are still the legitimate leaders of the party in the state today and we stand by that because nobody has given us any letter either removing us suspending us”
According to him, “whoever was elected to any party position without adhering to the provisions of the party Constitution was illegal. You can not put something on nothing and you expect it to stand”, he insisted.
He maintained that the congress would be illegal, null and void, saying that what took place on Saturday was an efforts in futility more so that Ward Congress committee from the national headquarters of the party in Abuja never came to Minna for the said Congress.
“if this Congress is challenged in court and feared that unless redress was made, the illegal congress being embarked upon will kill the party. In fact the party is heading for doom, a disaster waiting to happen”.
Military Raids Kidnappers Hideouts, Kills 47, Rescues 105 Victims
By Gom Mirian, Abuja and Jude Dangwam, Jos and Tayese Mike, Yenagoa
The military, yesterday said that no fewer than 47 criminal elements have been eliminated while 105 kidnapped victims rescued in separate operations carried out by Nigerian troops in conjunction with other security agencies in the last two weeks.
Brigadier General Bernard Onyeuko, the Acting Director of Defence Media Operations, giving a brief on operational activities of the Armed Forces of Nigeria (AFN) and other security agencies yesterday at the Defence Headquarters, also said 78 suspects were arrested for their involvement in various crimes ranging from terrorism, kidnapping, banditry, armed robbery, economic saboteurs among others.
He explained that the Forces have continued to maintain increased vigour and aggressive posture throughout all its operations in the various theatres across the country which has been shown in the Chief of Defence Staff’s non-kinetic engagements across the Country between July 16 and 29.
“Within the period in focus, troops provided security on Kaduna-Abuja and Kaduna-Birnin Gwari highways and vulnerable routes to deny armed militiamen and herdsmen freedom of action as well as deter criminal elements in the theatre of operation.
“Effectively, on 18 July 2021, own troops tracked and arrested a notorious criminal named Mr Simon Unande, who supplies military uniforms and accoutrements to militia gangs in parts of Benue and Taraba States.
Also, on 20 July 2021, troops of Operation AWATSE, acting on credible intelligence carried out raid operation on criminals engaged in illegal oil bunkering activity at NNPC Pipeline Right of Way Sagamu by Toll Gate, Ogun State.
“During the operations, troops discovered and immobilized illegal refining sites with a total of 24 ovens, 37 storage tanks laden with a total of 120,000 litres of illegally refined Premium Motor Spirit, 80,000 litres of illegally Automotive Gas Oil and 1,100 barrels of stolen crude oil.
“Troops also arrested a large wooden boat laden with 22,000 litres of Dual Purpose Kerosine or (Kerosine), five 45HP boat engines and two pumping machines, arrested three bunkerers with eight vehicles containing over 56 jerry cans of stolen Premium Motor Spirit and other oil products,” Onyeuko disclosed
The Military spokesperson noted that 240 rustled cattles and a truck load of stolen railway tracks and sleepers were also recovered in the course of the operations
He said a large cache of arms and ammunition were recovered, including 14 AK 47 rifles, 12 assorted rifles, 62 assorted rounds of ammunition, 8 Dane guns,2 locally fabricated rifles, 3 pump actions, one locally-made mortar tube, one General Purpose Machine Gun.
Others include 73 rounds of 7.62mm special ammunition and one belt containing 296 rounds of 7.62mm NATO ammunition, accessories for making IED, 7 machetes, 6 vehicles, 14 motorcycles, assorted military and police uniforms, among other weapons and items.
Onyeuko revealed that during the period under review peace and security meetings were also held in various parts of the state with community heads, youth leaders and relevant stake holders.
According to him, the arrested criminals and recovered items have been handed over to appropriate prosecuting agencies for necessary action, while rescued persons have been reunited with their families.
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