Hollyfrontier to Acquire 97-year-old 115,000bpd Refinery for $2.6bn NNPC targets 130,000bpd in Dangote’s brand new refinery for $2.7bn Emmanuel Addeh in Abuja As the Nigerian National Petroleum Corporation (NNPC) targets to acquire 20 per cent stake, translating to
130,000 barrels per day (bpd) capacity from the brand new 650,000 bpd Dangote Refinery for $2.7 billion, Hollyfrontier is acquiring 97-year-old 115,000 bpd refinery from Sinclair Oil
for $2.6 billion. The deal signed by HollyFrontier and its affiliate, Holly Energy Partners (HEP), to acquire almost all of Sinclair Oil’s refining, renewable diesel,
and logistics assets for $2.6 billion, is therefore, not similar to the planned acquisition of the 20 per cent stake in Dangote Refinery by the NNPC, a top official of the
corporation told THISDAY last night. This is coming as the NNPC has lost roughly N9.181 billion to shutdowns, mostly as a result of host community
workers and contractors' protests in the Niger Delta, a review of reports on its activities from January to July Continued on page 65
Customs: Only Items Imported By Buhari Exempted from Duties, Taxes… Page 8 Sunday 8 August, 2021 Vol 26. No 9617
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PDP Govs, BoT C'ttee Weigh Options to Rescue Party ahead of 2023 State chief executives meet tomorrow Secondus, other NWC members free to re-contest on December 9 Chuks Okocha in Abuja As the Peoples Democratic Party (PDP) intensifies efforts
to wriggle out of the crisis fuelled by attempts to remove its National Chairman, Prince Uche Secondus, the governors
elected on its platform and the 28-man committee set up by its Board of Trustees (BoT) are weighing options to
save it from implosion ahead of the 2023 general election, THISDAY has learnt. THISDAY gathered that
the governors will meet tomorrow (Monday), ahead of the planned Tuesday meeting of the governors with the BoT
committee, led by a former President of the Senate, Continued on page 8
ACF, Afenifere Back Babangida’s Proposal on Next President’s Age Nigeria needs detribalised leader, says Middle Belt Forum Afenifere insists vision, political structure, key to president’s performance John Shiklam in Kaduna, Seriki Adinoyi in Jos and Kemi Olaitan in Ibadan The Arewa Consultative Forum (ACF), Middle Belt Forum (MBF), and Afenifere have reacted to the comment by a former military President, General Ibrahim Babangida (rtd), that the next President of Nigeria should be less than 70 years and that the country’s corruption index is worse now than what it was when he was Nigeria’s military ruler. While the ACF backed Babangida’s position on the next president’s age limit, the MBF also supported the country’s former military leader that corruption was less during his regime than now. On its part, the pan Yoruba socio-political organisation, Afenifere, has also backed Continued on page 5
MARITAL BLISS... L-R: The couple, Adebola and Kehinde Williams; Vice President Yemi Osinbajo; former Governor of Ogun State, Chief Gbenga Daniel; and Founder, First City Monument Bank, Chief Subomi Balogun, at the wedding service of Adebola, Daniel’s daughter in Lagos…yesterday
Abducted Chibok Girl Reunites with Parents, Seven Years After… Page 5