SATURDAY 12TH MARCH 2022

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Lekan Balogun Installed 42nd Olubadan of Ibadanland, Promises Not to Let Ibadan Down During His Reign Kemi Olaitan in Ibadan The new Olubadan of Ibadan, Oba Mohood Olalekan Balogun Alliwo, Alli Okunmade II, who was installed as the 42nd monarch

on the revered tool yesterday at the historic Mapo Hall, has pledged not to let Ibadan down during his reign. The monarch, who was presented with his staff of office

by Governor Seyi Makinde, amid singing and drumming at a wellattended ceremony, thanked the people of Ibadan for supporting him to ascend the throne after 36 years as the Mogaji of Ali Iwo.

Shortly before the presentation of the staff of office, former Governor Rashidi Ladoja, who is the Osi Olubadan, led other high chiefs to pay homage to the new monarch.

They all took turns to prostrate before the king. Also, Moshood Ayanyemi, Atookowagbowo led other Ibadan drummers to welcome the guests and well-wishers to

the occasion in a traditional way. Vice President Osinbajo, who spoke on behalf of President Muhammadu Buhari, Continued on page 5

Finance Minister: FG Has Quietly Removed All Power Sector Subsidies… Page 14 Saturday 12 March, 2022 Vol 27. No 9832

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US to Partner Nigeria to Stop Gas Flaring By Conversion to Ammonia Nigeria’s energy transition agenda, in line with global direction received a boost on Thursday at the CERAWeek energy conference in Houston, Texas, as the United States’ Government indicated

interest in a bi-lateral partnership that would see the conversion of the enormous gas resources currently being flared to ammonia. Ammonia has the potential of being a huge revenue earner

for the country especially as the European Union, in pursuit of the net zero-emission programme, has unveiled its long-anticipated plans to make importers and non-EU manufacturers pay for the carbon

emissions associated with the goods and materials they sell in the EU, thus impacting on vessels powered by fossils fuels entering EU territory. Since running such vessels

during that tax regime will not be economically viable, there is the need to redesign engines of such vessels; and attention is already being focused on ammonia as an alternative fuel source, to replace

heating oil and other fossil fuels. The resort to ammonia is because it is not just cleaner, but a cheaper source of energy. Continued on page 5

Buni May Return as APC Caretaker Chair, Emergency NEC Meeting Not Recognised With 21-day notice required, meeting to replace chairman before convention out of time Charles Ajunwa in Lagos, Chuks Okocha and Adedayo Akinwale in Abuja The crisis rocking the ruling All Progressives Congress (APC) escalated yesterday with the Independent National Electoral Commission (INEC) rejecting a letter inviting it to the emergency National Executive Committee meeting of the party scheduled for March 17 in Abuja where Governor Abubakar Sani Bello’s appointment as caretaker chairman and other vital changes in the party are scheduled for ratification. INEC said the letter was not signed by the ousted National Chairman and National Secretary of the Caretaker/Extraordinary Convention Planning Committee (CECPC), Governor Mai Mala Buni of Yobe State and John Akpanudoedehe, respectively, thus, truncating the planned NEC meeting, and ultimately, a threat to the National Convention scheduled for March 26. Continued on page 5

IBADAN AGOG FOR NEW OLUBADAN… Vice President Yemi Osinbajo (l) and the new Olubadan of Ibadan, Oba Olalekan Balogun Alliwo (Alli Okunmade II), during his installation as the 42nd monarch of Ibadan at Mapo Hall…yesterday

Clark, Adebanjo, Obiozor Flay Constitution Review, Insist on 2014 Confab Report... Page 8

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