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ActionAid Nigeria Demands Transparency in Crude Oil Transactions, Warns Against Policy Failures Pushing Citizens into Hardship
ActionAid Nigeria Demands Transparency in Crude Oil Transactions, Warns Against Policy Failures Pushing Citizens into Hardship
By: Michael Mike
ActionAid Nigeria (AAN) has expressed concern over the ongoing crisis in the petroleum sector, particularly the suspension of the sale of petroleum products in naira by the Dangote Petroleum Refinery.
AAN, while noting that this decision has triggered panic buying, hoarding, and speculative price hikes, worsening the economic hardship faced by Nigerians, decried that the Federal Government’s failure to provide clear information on the status of local refining and crude supply raises serious concerns about transparency, accountability, and governance in the petroleum industry.
ActionAid Nigeria, Country Director, Andrew Mamedu, in a statement on Tuesday said: “The Federal Government must immediately explain why the naira-for-crude arrangement has been abandoned despite its initial promise to stabilise fuel prices and increase local refining capacity. It is unacceptable for citizens to suffer the consequences of policy inconsistencies while a select few benefit from opaque crude oil transactions.”
He further lamented that: “The preference of the Nigerian National Petroleum Company Limited (NNPCL) for importing Premium Motor Spirit (PMS) instead of prioritising local refining raises further concerns. Locally refined fuel, particularly from the Dangote Refinery, has been argued to be cleaner and more durable. Yet, there is no clear justification for why locally refined fuel is not being prioritised in national fuel distribution. If NNPCL can seamlessly conduct international transactions, why can’t local refineries access crude in naira under fair terms? If unchecked, the suspension of the naira-for-crude agreement will push more Nigerians into multidimensional poverty, worsen social inequalities, and lead to further economic instability. Rising fuel prices will drive up transportation costs, making it even more difficult for low-income earners to afford daily commutes, access essential services, or sustain small businesses. Key sectors such as agriculture, healthcare, and education – all of which directly or indirectly depend on petrol or diesel—will also be severely impacted.”
Mamedu also noted that the opacity surrounding NNPCL’s crude oil transactions raises concern about who truly benefits from these deals. If local refineries are struggling to access crude in Naira while international transactions continue seamlessly, then fundamental questions must be asked: Is the government prioritising foreign interests over national economic stability? Who benefits from the refusal to supply local refineries with crude in naira, and at what cost to Nigerian consumers? ‘‘ActionAid Nigeria strongly calls for independent third-party monitoring of crude oil transactions, fuel pricing, and distribution to ensure transparency and accountability. This should include a public audit of all crude oil sales, including forward contracts entered by NNPCL, as well as the establishment of a transparent mechanism to ensure that local refineries have priority access to crude oil under fair and stable terms. Additionally, there is an urgent need for a comprehensive review of pricing models to prevent exploitation by depot owners and marketers.’’
He said: “Nigerians cannot continue to be victims of policy inconsistencies, regulatory failures, and corporate profiteering,” urging the Federal Government to take immediate action to restore public confidence, protect citizens from further economic hardship, and ensure a fair and transparent energy sector.
ActionAid Nigeria Demands Transparency in Crude Oil Transactions, Warns Against Policy Failures Pushing Citizens into Hardship
Female Family Member of ISWAP/JAS Terrorists Surrenders in Bama
By: Zagazola Makama
A female family member linked to suspected ISWAP terrorists has surrendered to troops operating in Bama Local Government Area of Borno State.
Sources disclosed that the woman surrendered at about 10:08 a.m. on May 19 to troops of the 81 Division Task Force Battalion operating within Sector 1 Area of Responsibility.
The female surrenderer reportedly came out from Gargash village in Bama LGA and voluntarily presented herself to the troops.
Military sources said she was subsequently profiled and documented in line with existing procedures for further necessary action.
The surrender is the latest in a series of defections involving insurgents and their family members in the North-East, following sustained military offensives and clearance operations targeting terrorist enclaves across the region.
Security sources said ongoing counterterrorism operations had continued to exert pressure on insurgent groups operating within the Lake Chad Basin and Sambisa forest areas, leading to increasing cases of surrender by fighters and their relatives.
The military has maintained that surrendered individuals are subjected to profiling, intelligence gathering and other procedures in accordance with extant operational guidelines.
Female Family Member of ISWAP/JAS Terrorists Surrenders in Bama
Troops Arrest 10 Illegal Miners in Abuja Raid
By: Zagazola Makama
Troops of 176 Guards Battalion have arrested 10 suspected illegal miners during a raid on an illegal mining site in Gwagwalada Area Council of the Federal Capital Territory (FCT).
Security sources said the operation was conducted at about 3:07 p.m. on May 20 as part of ongoing Operation MESA efforts aimed at curbing illegal mining and related criminal activities within the FCT and adjoining areas.
The troops reportedly stormed the illegal mining site following intelligence reports on the activities of suspected illegal miners operating in the area.
During the raid, the troops apprehended 10 suspects believed to be involved in illegal mining activities.
Items recovered from the site included one motorcycle, 15 mining mats, four head pans and several other mining implements used by the suspects.
The suspects are currently undergoing profiling and preliminary investigation for further necessary action.
Security sources said the operation formed part of intensified efforts by security agencies to clamp down on illegal mining activities, which authorities say contribute to environmental degradation, economic sabotage and insecurity in parts of the country.
The sources added that surveillance and enforcement operations would continue across identified illegal mining locations within the FCT and neighbouring states.
Troops Arrest 10 Illegal Miners in Abuja Raid
Troops Rescue Two Kidnap Victims, Recover Arms in Kwara Patrol
By: Zagazola Makama
Troops of 22 Brigade have rescued two kidnapped victims during a fighting patrol operation targeting suspected terrorist camps in Ifelodun Local Government Area of Kwara State.
Security sources said the operation was conducted at about 9:00 a.m. on May 19 by troops deployed at Oke-Ode and Oreke communities.
The troops reportedly carried out coordinated patrols to suspected terrorist hideouts located around Famonle and Oloponda villages.
During the operation, the troops successfully rescued two kidnapped victims who were found within the general area.
Items recovered from the suspected camps included three Dane guns, three camouflage face caps, and one leg chain.
Security sources said the victims were immediately debriefed and handed over to appropriate authorities for medical attention and further management.
The operation, according to the sources, forms part of ongoing efforts to dismantle criminal hideouts and disrupt kidnapping networks operating within Kwara State.
Authorities added that patrols and clearance operations have been intensified across vulnerable communities in the state.
Troops Rescue Two Kidnap Victims, Recover Arms in Kwara Patrol
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