Regulator Vows to Sanction Petrol Marketers Breaching Official Prices Insists sector not yet deregulated Shuts down seven defaulting depots
Emmanuel Addeh in Abuja The Nigerian Midstream and Downstream Regulatory Authority (NMDPRA) yesterday vowed to revoke the licences of petrol marketers selling above
the controlled prices as well as those hoarding the product in their depots. Speaking in Abuja, the Chief Executive Officer of the NMDPRA, Mr. Farouk Ahmed, explained that in the last few
days several depots had been shut down for selling above the regulated prices. He reiterated that as of yesterday, the nation still had at least 30-day sufficiency, explaining however that the global crisis
caused by the Russian and Ukrainian war in addition to the fluctuation in the value of the naira had affected the even distribution of petroleum products, particularly from the waterways to the depots through
truck-ins to the retail stations. Ahmed noted that several meetings had been held with petrol marketing companies, independent marketers, transporters, the suppliers-the Nigerian National Petroleum
Company Limited (NNPC) as well as other interested parties to see how the distribution bottlenecks could be addressed. “Now, the market is not Continued on page 5
Buhari, Other World Leaders Mourn as Pope Benedict Dies at 95… Page 72 Sunday 1 January, 2023 Vol 27. No 10127
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NBA Constitutes Panel to Handle Raheem, Buraimo’s Murder Cases… Page 73
PDP Reveals When It will Take Action against G-5 Govs Tinubu denies meeting Wike’s camp in London Emmanuel holds talks with Rivers gov, Ortom
Adedayo Akinwale in Abuja and Blessing Ibunge in Port Harcourt
Following the reports that the
presidential candidate of the All Progressives Congress (APC), Senator Bola Tinubu, met with the five aggrieved governors of the
Peoples Democratic Party (PDP), better known as G-5 governors, in London, the main opposition party has revealed that it will wait for
the five governors to choose their preferred presidential candidate before it takes action against them. Governors Nyesom Wike of
Rivers State, Seyi Makinde (Oyo State), Okezie Ikpeazu (Abia State), Ifeanyi Ugwuanyi (Enugu State), and Samuel Ortom (Benue State)
withdrew their support for the presidential candidate of the PDP, Continued on page 5
Resist Attempt by Politicians to Disrupt 2023 Elections, Buhari Tells Nigerians in New Year Message Jonathan, Atiku, Tinubu, Obi urge voters to exercise their franchise Deji Elumoye, Chuks Okocha and Adedayo Akinwale in Abuja President Muhammadu Buhari has urged Nigerians to resist every attempt to be used by politicians to create unrest in any form to disrupt the elections, promising that his government would also ensure such activities were met with the full force of the law. This is coming as former President Goodluck Jonathan; presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar and his counterparts in the All Progressives Congress (APC) and the Labour Party (LP), Bola Tinubu and Peter Obi, respectively called on Nigerians to take advantage of the upcoming elections, describing 2023 as a defining moment in the nation’s history. Buhari, who gave his administration a pass mark, added that he has given his best to the nation since May 2015. He also prayed that his successor would continue in the drive to make Nigeria one Continued on page 5
A WORTHY HONOUR… Award-winning writer, Ms. Chimamanda Ngozi Adichie (left), and Edo State Governor, Mr. Godwin Obaseki, during the conferment of a chieftaincy title on Chimamanda in her hometown, Abba, Anambra State….weekend
2023: The Road to Aso Rock… Pages 19–26