June 1, 2023

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Pendulum: Back to the Vice President and the Aso Rock Cabal

9 min read

By Dele Momodu

Fellow Nigerians, as much as one is tempted to gloss over the hullabaloo inside the seat of power in Abuja, it is virtually impossible because there is always one drama or the other emanating from the place too frequently these days. Indeed, the melodrama has since become one day, new scene. Despite endless denials on both sides of the divide by spokespersons for the principal dramatis personae, it seems obvious that things are no longer at ease between the offices of the President, Muhammadu Buhari and his Vice President, Yemi Osinbajo, no matter how much they or their mouthpieces try to sweep the unfortunate mess under the carpet.

The latest farce surrounds the removal or otherwise of some of the aides of the Vice President. Approbation, confirmation and denials are rife. It is being touted that the Vice President had too many aides and so it was necessary for him to be shorn of some of them in keeping with the President’s new resolve to prudently manage resources and save government a lot of money. Nobody has said anything about how many of the President’s aides have got the sack. More importantly, I fail to see how this purported removal has anything to do with managing government resources when most if not all of these aides of the Vice President are funded by international donor agencies and not the Nigerian Government. The situation descends to the level of theater of the absurd if, as it is being suggested, they were redeployed to different Ministries, meaning that rather than plugging a drain on government they have become an added burden.

My beloved, all we have to do is apply some logic, and commonsense which is seemingly not too common nowadays. Some audacious people make bold to fool us when they tell us there is only one Presidency. Yes, there is, but that oneness has become more of a mirage in recent times! The day the President came out in the open to direct his cabinet to report practically to his Chief of Staff was the day he smashed the oneness into smithereens. There was no need or basis for such an open and public declaration of protocol. That it was openly voiced out, and etched and scripted in text which was handed to journalists and published and circulated freely, was ample evidence of how things have gone awry between the offices  of the Number One and Number Two citizens of Nigeria. If this was the normal order of events before now, why was it necessary to put it in the public domain at this stage. If it was a new idea, why was a change necessary and, also, why was it essential to tell the whole world, two days in succession, particularly when this directive was for the consumption of only a few people!

Please, don’t get me wrong. I know that the office of the Vice President is totally at the mercy and prerogative of the President who appointed him. Even in America where we have borrowed our latest democratic experiment, the Vice President has no constitutional role apart from presiding over the Senate and having a casting tie-break vote or whatever assignment given by his boss. As John Adams, the first American Vice President and the Country’s second President, said of his position as Vice President to President George Washington, “My country has in its wisdom contrived for me the most insignificant office that ever the invention of man … or his imagination contrived or his imagination conceived.” Nevertheless, Adams stuck to his task and as the brilliant and astute man that he was, he transformed the position into one that has become indispensable to the democracy. Indeed, it is more than usual in America for Vice Presidents to succeed their Presidents, but this has not yet happened in Nigeria except on account of death of the incumbent. There is always a first time, and perhaps it is the intuitiveness and the knowledge that it is a foregone conclusion that this negative trend is about to be bucked that the babble and cacophony of strident opposition voices has risen to the biggest decibels. This is more so because of the personality and attributes of the incumbent, Osinbajo. For me, a Vice President is almost like a Company Secretary whose duty once upon a time was to act as a mere servant. But like Lord Denning said in 1971, about the role and function of the Company Secretary, “he is no longer a mere servant.” If the Vice President of Nigeria was once treated as an errand boy, by now, in 2019, such attitudes should have changed for many obvious reasons.

Professor Yemi Osinbajo is neither your run-of-the-mill Vice President nor a typical career politician. Before he was considered and chosen to run with President Muhammadu Buhari in 2015, he came with intimidating credentials in both his private and public life. In all areas, he had just about reached the pinnacle of what there was to offer. He was also a stabilizing factor between the ever fighting and perennially suspicious Christians and Muslims of Nigeria. Why they are at loggerheads continues to beat me even till today. Religion should simply have no place in the politics or economic development of a country. Everyone agreed Buhari could not have made a better choice. He and Buhari appeared like a perfect couple and one could say the same of their wives. Theirs was like a match made in celestial places.

I won’t bore you with details of how trouble started brewing when President Buhari took ill and Vice President Osinbajo became Acting President. All that I know is some of the decisions he took did not go down well with the ultra conservative members in the Presidential Wing of the Villa, who not only had their own agenda but have the close ears of the President. They grumbled and groaned and lamented to whoever cared to listen that Osinbajo was plotting and planning to upstage his boss. One of the conspiracy theories was that some forces in the South West actually wished evil on the President. Despite the fact that no one had the proof or evidence of such dastardly plot, some people went about spreading the satanic stories. Thankfully, it does not appear that the President with his taciturn sagacity paid heed to such drivel, hopefully.

My take is that some elements are deliberately driving a wedge between the President and his Vice President whose relationship is apparently chummy. What is not known is how far the President has bought into the plot. The body language of the President now suggests that something has gone terribly amiss. The camaraderie that was always so patently obvious is palpably receding. The President has taken to relying on technicalities and monosyllables in his dealings with his Vice President. This was not the case before. If, as may be the case, some nebulous, insidious group of people are using the President’s name to pummel the Vice President and he is unaware that his dutiful and loyal Vice President is being humiliated before the whole world, that is even worse.

I don’t really blame those who abuse power. That is the pattern and tradition of those who wield enormous power by proxy. I hasten to add that the position of Chief of Staff is obviously a powerful position and sometimes people tend to forget this when they cast aspersions on the occupants. In Nigeria’s case,  Mr Abba Kyari is a very sound and cerebral man. The President obviously recognizes that he needs him like oxygen. But I expect him and the Vice President to be able to manage their affair more guardedly with both of them coming from solidly, enviable intellectual backgrounds. Seems the allure of power is irresistible and causes the powerful to wear a new toga of eternal invincibility when indeed, it is very transient. It may be that this is the case because the occupants themselves forget the onerous nature of their job and the grave responsibilities that attaches to the position. Power is best asserted and utilised if treated with humility, deference and decorum.

Let me go back for as long as I can remember. Surrogates of power have tended to be overbearing and inordinately ambitious. They have not imbibed the core lessons that those who know the nature and effect of power teach. It will come and go, but how you have handled it will determine how you are treated in its aftermath – Hero or villain. In Nigeria it has been a lot more of the latter and the lessons have still not been learnt.

In the days of President Shehu Aliyu Shagari, one name was very prominent, Dr Umaru Dikko, who was the defacto President. When the government was overthrown by Muhammadu Buhari and company, Dikko became the main target. He fled to London. The government arranged for a living Dikko to be packed and crated in a coffin like a cadaver and he was nearly smuggled back to face the music in Nigeria. Under the government of General Murtala Muhammed, Chief Moshood Abiola was known to have been his close friend. This drew the ire of many military leaders who waited for many years before pouncing on him.

Major-General Tunde Idiagbon was the second-in-command and the dreaded face of the Buhari regime. His scowling mean face remains indelibly printed in the brain of not just the Second Republic politicians but the generality of the populace. Once flushed out power he reverted to relative obscurity and died unheralded! When President Ibrahim Babangida assumed power, Colonel Sambo Dasuki was reported to have treated Major General Muhammadu Buhari shabbily. No one would have expected Buhari to ever come back to power. But God’s ways are not that of man. Today, Buhari is President, Dasuki has been in detention and incarcerated for many years despite a plethora of Courts ordering that he should be freed.

When General Olusegun Obasanjo was in power as a military ruler from 1976-79, Major General Shehu Musa Yar’Adua was very influential. He wielded that power and attained great affluence even after they left power. He wanted to come back as civilian President, but his dream never materialised. He and his former business partner, Chief Abiola had similar interests and ambitions. Abiola contested and won, but the top military echelons kicked against him. His victory was aborted, his ambition truncated and he was deprived and robbed of his mandate. Abacha who became President after the whole debacle dealt ruthlessly with Obasanjo, Yar’Adua and Abiola by keeping them in prison. Only Obasanjo returned alive. Not just that, he came back to be President. A true cat with nine lives! Ebora Owu indeed!

When General Sani Abacha was President, the commonest name on everyone’s lips was Major Hamza Al-Mustapha. When Abacha died, Al-Mustapha was kept in prison for so many years in the days Obasanjo was in power. Mohammed Abacha, the General’s son, who had also lived larger than life and was himself an unofficial Deputy Head of State was also kept away.

When Umaru Musa Yar’Adua became President, the name of Tanimu Yakubu reigned supreme despite being only the Deputy Chief of Staff and Chief Economic Adviser to the President. The name of Hajia Turai Yar’Adua, the First Lady, would later feature on the list of those labeled as the ‘cabal’ who controlled shots when Yar’Adua laid mortally stricken. Perhaps it was the First Lady’s involvement that saved Tanimu’s bacon.

Step forward President Goodluck Jonathan. Two names featured prominently under his government, Mrs Diezani Alison-Madueke and that of First Lady, Dame Patience Jonathan. Since Buhari returned in 2015 as President, the duo have known no peace.

I have gone through the stories of these different era to show how transient and ephemeral power is. The three things driving these wars of attrition in the name of a power struggle are money, ethnicity and religion. They are the reasons our country is retrogressing. There is no justification for the struggle based on national interest or patriotism. The protagonists are interested only in their primordial, parochial and base instincts. While the world is thinking outside the box, we have chosen to bury ourselves inside the cocoon of backwardness. The most educated people in Nigeria will throw sanity, reason and decorum to the winds once those three selfish interests are involved. Friends become enemies and enemies become friends. Principle, honour and integrity are thrown to the dogs. Woe betide anyone who stands in the way. That is the crux of the fiasco that we face today. The Vice President and his team are merely victims of the interplay of those forces.

However, what nobody should forget is that what will be will be and students of history may do well to look again into the story of John Adams who was the first American President to see his son, John Quincy Adams succeed to the American Presidency as the sixth President of America. When we decide to recognise and embrace excellence and not fight against it, then we shall become better as a nation.

It seems, we are not yet ready to do the needful …

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Petrol subsidy removal not immediate — Presidency Source Tinubu’s govt By Our Reporters, LAGOS The removal of petrol subsidy will no longer be immediate, Vanguard gathered authoritatively last night. Recall that President Bola Ahmed Tinubu had said in his inauguration speech Monday that the subsidy was gone, as it was not provided for in the 2023 budget. But sources told Vanguard yesterday that implementation of the removal of subsidy would commence post-June. The need to clarify issues, sources told Vanguard, informed the meeting the President had with the governor of the Central Bank of Nigeria, CBN, and the Group Chief Executive Officer of Nigerian National Petroleum Company Limited, NNPCL, Mr. Mele Kyari, in the Presidential Villa, Abuja, yesterday. It was learned that the essence of the meeting was to engage labour anytime from today to ensure the seamless removal of the subsidy. A source said one of the fallouts of the meeting was for NNPCL to set up a template that would ensure that no toxic fuel was imported into the country and also create a benchmark for price. The clarification came as scarcity of the product ground activities in major cities nationwide yesterday. Yesterday, fuel queues emerged in many petrol stations as marketers who started hoarding fuel sold the product for as high as N600 per litre and transporters hiked fares. From the South-West to the South-East, South-South to North-West and other zones of the country, it was tales of woe and fuel crisis gathered steam. Tinubu resumes at Aso Rock, meets with Emefiele, Kyari Meanwhile, President Bola Tinubu yesterday met with the governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, and the Group Chief Executive Officer, of the Nigeria National Petroleum Company Limited, NNPCL, Mr. Mele Kyari, at the Presidential Villa, Abuja, on the matter. This was the first official assignment by the President after his inauguration as the 16th president of the country at Eagle Square, Abuja He arrived at the forecourt of the State House at about 2:30 pm through the quarter guard gate, which is his official entrance gate and was received by the Vice President, Senator Kashim Shettima, the Permanent Secretary, State House, Tijjani Umar, Speaker of the House of Representatives, Femi Gbajabiamila and the out-going Director of Protocol, DOP, Emefiele and Kyari, among others. Although the agenda of the meeting was not made public, it may be in connection with the removal of fuel subsidies and the attendant fuel scarcity. It was learned that the issue of unification of foreign exchange, and recent naira redesign was also discussed. NNPCL backs Tinubu on petrol subsidy removal The Nigerian National Petroleum Company Limited, NNPCL, has backed the removal of subsidy on petrol. The Group CEO of NNPCL, Mele Kyari, said in Abuja that payments for petrol subsidy had been a huge burden on the company’s cash flow, disclosing that the Federal Government is owing the company N2.8 trillion it paid on petrol subsidy. NNPC Limited was saddled with the payments for subsidy by former President Muhammadu Buhari with the company carrying the cost in its books as petrol under-recovery. The company however deducts the cost from the revenue due to the Federation Accounts from the sales of Federation Crude Oil. Speaking to journalists, Kyari said the NNPC Limited “welcomes the decision of Mr. President to announce that the subsidy on PMS (premium motor spirit) is over. This has been a major challenge for NNPC continued operations. We have been funding the subsidy from the cash flow of NNPC since the government is unable to defray the cost of the subsidy that is due to the corporation. “We believe that this will free up resources for the NNPC to do the great work that this company is doing for our country and it allows us to continue to operate as a commercial entity”. While assuring consumers that NNPC has enough stock of petrol in the supply system, he appealed the potential change in pump should not be enough reason for people to engage in panic-buying. Also speaking, the Chief Executive of Nigerian Mainstream and Downstream Regulatory Authority, Faruk Ahmed, said that with the removal of subsidy, there would be no price cap on the sale of petroleum products in the country. Ahmed said President Tinubu’s pronouncement in his inaugural speech on the removal of subsidy was in line with the law. He said that the Federal Government has not been financing subsidies since 2022, adding, “the reality today is that the government cannot afford it.” Subsidy ‘ll end Nigeria if….— Shettima Meanwhile, as many state governments and some stakeholders kicked against the policy, yesterday, Vice President Kashim Shettima stressed the need to end fuel subsidies saying failure to do so would end the country. Speaking to journalists on his first day in office at the Presidential Villa, Abuja, Shettima said Nigeria needs to get rid of fuel subsidy, arguing that the subsidy regime was not benefiting Nigerians but has been subsidizing the lifestyle of the rich. He, however, assured that despite expected opposition from beneficiaries of fuel subsidy President Tinubu would frontally address the menace. His words: “The President has already made pronouncements yesterday (Monday) on the issue of the fuel subsidy. The truth is that it is either we get rid of subsidy or the fuel subsidy gets rid of the Nigerian nation. “In 2022, we spent $10billion subsidizing the ostentatious lifestyle of the upper class of the society. “We will get fierce opposition from those benefiting from the oil subsidy scam but where there is a will, there is a way. Be rest assured that our President is a man of strong will and conviction. “In the fullness of time you will appreciate his noble intentions for the nation. The issue of fuel subsidy will be frontally addressed. The earlier we do so, the better.” Reps back removal of oil subsidy Indeed, members of the House of Representatives have thrown their weight behind subsidy removal and appealed to Nigerians to be patient with the new government. The House of Representatives at plenary session hailed the removal of oil subsidy and lauded the government for the decision, asking Nigerians to be patient with the new administration. The commendation and the appeal came on the heels of a motion under matters of urgent public importance moved by Mr. Jimoh Olajide representing Lagos Mainland Federal Constituency of Lagos State. TUC rejects subsidy removal, says it’s joke taken too far However, the Trade Union Congress of Nigeria, TUC, in a statement by its President and Secretary General, Festus Osifo and Nuhu Toro, respectively, warned that it is a joke taken too far. The body while assessing the President’s inaugural speech, said “”While listening to Tinubus’s Inaugural Address, we were at first encouraged by his pledge to lead as a servant of the people (and not as a ruler) and to always consult and dialogue, especially on key and knotty national issues. But we were subsequently taken aback, even horrified, when he announced the withdrawal of subsidy on petroleum products. “If by this, he means increases in pump price and the exploitation of the people by unregulated and exploitative deregulated prices, then it’s a joke taken too far. It is not for nothing the Buhari government pushed this to the new administration. But we expect the Tinubu government to be wise on such a sensitive issue and be more explicit in its pronouncement to avoid contradictory interpretation when comparing his written statement, what he said and the provision in 2023 Appropriation Act. “We dare say that this is a very delicate issue that touches on the lives, if not very survival, of particularly the working people. Hence, it ought to have been treated with utmost caution, and should have been preceded by robust dialogue and consultation with the representatives of the working people, including professionals, market people, students and the poor masses. “Accordingly, we hereby demand that President Tinubu should tarry awhile to give room for robust dialogue and consultation and stakeholders’ engagement.” “This new administration cannot be seen to be speaking from both sides of its mouth, we urge President Tinubu to be a President with a human face,” it added. Don’t panic over removal of petrol subsidy — NMDPRA Also, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has cautioned against the current panic over the planned removal of petrol subsidy in Nigeria. In a statement, NMDPRA said: “The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) wishes to address concerns regarding the announcement of the removal of subsidy on Premium Motor Spirit (PMS) by President Bola Tinubu. “Contrary to speculations and concerns, the announcement is in line with the Petroleum Industry Act (2021) which provides for total deregulation of the petroleum downstream sector to drive investment and growth. “We are working closely with NNPC Limited and other key stakeholders to guarantee a smooth transition, avoid any disruptions in supply as well as ensure that consumers are not short-changed in any form. “The Authority assures that there is ample supply of PMS to meet demand as we have taken necessary steps to ensure distribution channels remain uninterrupted and fuel is readily available at all filling stations across the country. We, therefore, call on Nigerians to remain calm and resist the urge to stockpile as it poses a significant safety hazard. “The NMDPRA reassures all Nigerians that the removal of subsidy on PMS is a step towards building a more sustainable and prosperous future for our nation. We will continue to monitor activities and implement necessary measures to enhance transparency and accountability in the petroleum downstream sector.” MOMAN, DAPPMAN back FG Also, the Major Oil Marketers Association of Nigeria, MOMAN, and Depot and Petroleum Marketers Association of Nigeria, DAPPMAN, endorsed the removal of fuel subsidy. rances given by the Nigerian National Petroleum Company Limited, NNPCL, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), we wish to reiterate that there is no cause for alarm. We strongly urge Nigerians to avoid panic- buying or stockpiling of petrol. “This behaviour not only creates artificial scarcity but also poses a significant safety hazard. The NNPCL has assured Nigerians of adequate fuel supply and the NMDPRA is working closely with stakeholders to ensure a seamless transition. They are ensuring distribution channels remain uninterrupted, thereby making fuel readily available at all filling stations across the country. “The decision to phase out this fuel subsidy regime is not merely a fiscal reform; it is a significant stride toward social justice. We are heartened that the administration plans to redirect these substantial funds towards essential public goods such as infrastructure, education, and healthcare. These investments symbolize our shared future, promising considerable, long-term benefits for all Nigerians. “We understand the concerns regarding potential price increases. However, we expect marketers to maintain reasonable pricing, as NNPCL remains the sole supplier of the product currently. ‘’We anticipate minimal changes regarding distribution costs, considering the cost of the product constitutes 80% of the pump price. ‘’We pledge, in collaboration with the Nigerian Association of Road Transport Owners, NARTO, and other crucial stakeholders, to manage these distribution costs diligently to minimize their impact on the pump price. “Considering this policy clarity, we ask our suppliers to continue supplying products to all legitimate marketers. We also urge all stations to remain open and avoid hoarding products. We eagerly await the day when the Dangote Petroleum Refinery, as well as other licensed importers, join the current supplier in a bid to diversify the source of petroleum products and enhance market competition. “MOMAN and DAPPMAN will maintain an open dialogue with the Federal Government, advocating for stability in the oil sector during this transitional period. We are prepared to support any measures from the Government that would help cushion the impact on the populace. We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality. The pain in Imo In Imo, Vanguard’s check showed that petroleum marketers who remained open for business, quickly changed their meters from N230 per litre of premium motor spirit to between N350 and N450 per litre. It was also observed that while a good number of the dispensing outlets shut their stations, a long queue of desperate buyers were spotted in the stations that opened for business. Transport fares have either doubled or tripled, since Tinubu made the announcement. Transport fare from Owerri to Mbaise, which used to cost N500 or less, before the announcement has jumped to N1,000 or more, depending on the part of Mbaise the traveler was going. Fuel sells for N450 per litre in Ondo In Ondo State, long queues have resurfaced at filling stations just as the product was sold for between N300 and N450 per litre. Commuters, especially students and civil servants were groaning as they were stranded across the state, following a hike in transport fares by over 100 percent by commercial drivers. Majority of the filling stations were under lock and key, while the few open ones were swarmed with motorists in search of fuel. Queues return at fuel stations in Ogun Also, in Ogun State, residents of Abeokuta, yesterday, woke up to fuel scarcity and long queues in filling stations across the metropolis. Checks by Vanguard revealed that some filling stations in Abeokuta, Sagamu, Ifo, Sango/Ota and Ijebu-Ode were closed, while a few that dispensed petrol had long queues of cars and people. Artificial scarcity, and indiscriminate hike reign in Kwara Artificial fuel scarcity surfaced in Ilorin on Monday evening and continued yesterday as many petrol stations which dispensed the product earlier in the day, including BOVAS which dispensed at N200 per litre, had shut their gates. A few petrol stations sold at N300 per litre. A member of IPMAN in Ilorin, Alhaji Kunle Sanni, told Vanguard on phone that Tinubu’s removal of petrol subsidy was ill-timed, adding that he should have waited for Dangote Refinery to come on stream before removing the subsidy. Frustration as fuel sells for N550 per litre in Anambra Most filling stations in Anambra State did not open for business on Tuesday, while the few that opened sold fuel for between N500 and N700 per litre. Although some people attributed the closure to the declaration of May 30 as Biafra Day, others said the marketers responded to the announcement by President Tinubu during his swearing in that “fuel subsidy is gone.” Shortly after the presidential inauguration on Monday, most filling stations adjusted their pumps to N300 per litre, but on Tuesday, they refused to open for business. Meanwhile, transport fares have suddenly gone up in the state. For instance, a trip to Onitsha from Awka has increased from N500 to N800, while that of Nnewi has increased from N500 to N700. Also, transport fare from Awka to Enugu increased from N1000 to N1200, while that of Awka to Abakaliki increased from N1500 to N2000. Long queues resurface in Kano In Kano, long queues of vehicles, tricycles and motorcycles resurfaced at filling stations across the ancient city. Black marketers in the state, who sold a gallon (4 litres) for N1,300 now sell at N1,700. A few of the filing stations dispensing the product sold at N270 to N300 per litre and many others closed shop. Taraba grounded by scarcity, as commuters remained stranded The situation was not different in Taraba where long queues of vehicles at petrol stations constituted biottlenecks to free flow of traffic. Consequently, commuters were stranded, as transporters hiked fares by as much as 200 per cent. Commuters groan as fuel sell for N750 in Calabar In Cross River State, most filling stations in Calabar shut down, while those selling had hiked the price from N210 to N750 per litre . Vanguard also observed commuters who cannot afford to pay N300 per drop from the usual N100naira, trekking two to three kilometers to get to their offices. When our reporter went round the metropolis yesterday morning, only mega stations were selling at N205 to N210, with very long queues but at about 11:30 a.m they started selling at N400 per litre and eventually shut down. Black marketers sold at between N750 and N800 per litre and are selling only 10 litres per person. Subsidy removal wicked, inhuman act – OSUN GOVT As petrol stations increased fuel price to N300 per litre, with some hoarding the product, the Osun State government, yesterday, described the removal of fuel subsidy by the President as inhuman and an act of wickedness. It also threatened to seal any filling station in the state caught hoarding the product. A statement by the governor’s spokesperson, Olawale Rasheed, described the President’s pronouncement removing the subsidy as unpatriotic. It read: “The attention of the Osun State Government has been drawn to the deliberate hoarding of PMS by the fuel dealers within the State as a result of the statement from the Inaugural Speech of the new President, Asiwaju Bola Tinubu on the removal of fuel subsidy, thereby causing unnecessary hardship for the people in the State. “This deliberate action is not only inhuman but also unpatriotic and will not be allowed by the government. To this end, the Special Monitoring Team on fuel scarcity set up by Governor Ademola Adeleke headed by the Chief of Staff, Mr Kazeem Akinleye, is still effective and shall not condone any form of economic sabotage. “As from 30th May 2023, the Committee shall begin special monitoring of all the filling stations across the state in collaboration with law enforcement agencies and other stakeholders. Any fuel station found guilty of hoarding fuel to create artificial scarcity shall be sealed off and operators prosecuted for the crime of economic sabotage.” Oyebanji warns fuel dealers, to shut those hoarding product In Ekiti, Governor Biodun Oyebanji warned that heavy sanctions await petrol dealers hoarding petroleum products, with a view to creating artificial scarcity and hiking prices of the products. The Governor urged the marketers to await further directives on the implementation of the planned subsidy removal by the Federal Government and avoid actions that are capable of inflicting hardship on the citizens. Diri warns marketers against hoarding, price hike in Bayelsa In Bayelsa, Governor Douye Diri directed oil marketers in the state against hoarding and raising the price of fuel. In a statement by his Chief Press Secretary, Mr. Daniel Alabrah, the governor warned that his administration will take stern measures against any filling station that flouted the directive. He said the government had received reports that filling stations in the state capital had hiked the pump price of petrol above the usual price of between N193 and N250 per litre to N500 per litre and above. The Bayelsa governor said it was wicked for oil marketers to swiftly seek to profiteer at the detriment of the people following a mere pronouncement that had not taken effect. Diri said he had directed the Ministry of Mineral Resources and the petroleum task force in the state to shut down any filling station hoarding the product or caught selling above the usual price with immediate effect. Similarly, petroleum marketers and owners of filling stations in Bayelsa State reportedly agreed to sell their old stock at N380 per litre. The product was sold for between N700 and N750 in the black market, while most filling stations remained shut. It was learned that the decision by marketers to sell at N380 per litre was reached after a meeting between the Bayelsa State Petroleum Task Force, the Ijaw Youth Council, IYC, and petroleum marketers in the state. According to a source at the meeting, the selling of petrol at N380 per litre will commence by 3pm on yesterday across filling stations in the state.

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