Energy
You’re now superintendent of fuel subsidy fraud, PDP mocks Buhari


The Peoples Democratic Party has accused President Muhammadu Buhari of superintending over a corrupt fuel subsidy regime.
The party asked the President to submit himself for an independent inquest into his handling of the N1.4tn oil subsidy regime as well as the alleged complicity of his Presidency in other acts of financial impropriety.
This was contained in a statement signed by the National Publicity Secretary of the PDP, Mr. Kola Ologbondiyan, in Abuja, on Sunday.
The opposition party said, “Such inquest, which is already backed by state governors across the board, will not only expose humongous corruption but also show the world that our African Union Anti-Corruption champion had not been totally spotless.
“We invite Nigerians to note that the demand by governors to probe all subsidy deals since 2015 is a direct indictment on President Buhari as the Minister of Petroleum, particularly, following allegations that the stolen funds are being warehoused to fund his 2019 re-election bid and the opulent lifestyle in the Presidential Villa.
“The party notes that if President Buhari allowed the inquest, it will reveal how our President, who had queried the genuineness of the oil subsidy payments by the PDP administration and described the process as a fraud, had secretly engaged in underhand oil subsidy deals.”
Ologbodiyan further said, “Nigerians will also understand how the cost of fuel geometrically rose from the PDP-subsidised cost of N87 to N145, representing a criminal N58 tax per litre of fuel.
“Nigerians recall that it took over two years of secret oil subsidy deals under President Buhari before it was exposed last December.
“Since then, the Presidency and the NNPC have been seeking ways to cover the fraud, which include claims that local consumption suddenly jumped from 28 million litres per day to 60 litres per day.
“PDP considers this as a fabrication to retire the billions being stolen as subsidy, even when statistics by the National Bureau of Statistics and the reality of the retarded purchasing power of citizens, under the prevailing economic recession, do not validate such claims.”
The party demanded that the inquest should cover the alleged the N15bn stolen from the NHIS, the N18bn stolen from the PINE initiative, the alleged leaked memo of N9tn corrupt oil contracts at the NNPC, the reported diversion of the N1.1tn worth of crude last year and why indicted Presidential cronies and fronts had not been prosecuted.
However, the NNPC said the PDP was ignorant by saying that the government was committing fuel subsidy fraud.
The Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, said the oil firm had never at any time said it was paying subsidy on petrol, rather all it stated was that the national oil firm had been incurring under-recovery.
He said, “Fraud means the manipulation of figures, something that is illegal, which can be likened to stealing. We’ve established the platform to show how the figures we arrived at were got. And we never said subsidy; we said under-recovery. And under-recovery is in line with the NNPC Act and our credit policy.
“We also said if the consumption is at this level, this is what the landing cost is and this is what the corporation might be experiencing as a result of under-recovery. So, it is either the PDP does not understand the figures or they are ignorant of what they are saying. In all our presentations, we never said subsidy because we know that it is only the National Assembly that can approve subsidy.”
Energy
Asharami Synergy Bolsters Fuel Solutions in Lekki with New Retail Station
Report by ORJI ISRAEL


Asharami Synergy, a Sahara Group downstream company, has strengthened its retail footprint with the commissioning of a new station in Lekki, Lagos, to enhance access to exceptional fuelling solutions.
Strategically located to serve residents and businesses across Lekki and its environs, the new facility is equipped with trailblazing forecourt technology. This system allows for remote-controlled, real-time inventory management that ensures pinpoint meter accuracy for both the Synergy team and customers, guaranteeing fair and efficient service.
Alongside forecourt technology and add-on services like Vehicle Repair and Maintenance, Car Wash, Lubes Station, and an on-site Restaurant, Moroti Adedoyin-Adeyinka, Executive Director, Sahara Group, stated the station is set to become the “benchmark for quality assurance, safety, reliability, and operational excellence in the industry.”
Adedoyin-Adeyinka, who chaired the commissioning of the facility, said it embodies Sahara’s brand philosophy of ensuring excellence and distinction across its operations in Africa, Asia, Europe, and the Middle East.
“We wanted a retail station that reflects who we are, our attention to detail, our commitment to quality, and our refusal to do things in small measures. While we may not have hundreds of stations, every Asharami station we open must stand out, not just as a place to buy fuel, but as a symbol of our brand promise: quality and premium experience.”
Foluso Sobanjo, Head, Downstream Africa, Sahara Group, described the project as “a celebration of perseverance, innovation, and collaboration.”
“This achievement is a result of collective sacrifice and commitment,” Sobanjo said. “At some point, this seemed impossible, but we’ve turned the impossible into possible, because that’s what we do at Sahara. Now Lekki and neighbouring locations can enjoy services driven by commitment to excellence, innovation, and service. Beyond Nigeria, Sahara Downstream also operates a retail station in Zambia, and 11 retail stations across the Greater Accra, Central, Western, Eastern, and Savannah Regions of Ghana as part of our dedication to expanding quality access across Africa.”
According to Nomnso Dike, CEO, Asharami Synergy, the Lekki station represents more than a physical expansion, but also reinforces Asharami Synergy’s dedication to quality, and the ultimate customer experience.
“The commission of the Asharami retail station is truly something special,” Dike said. “Our focus now is to sustain this legacy, to continue being the provider of choice wherever energy is consumed. To all the residents in Lekki and Lagos, we assure you that when you make the Asharami turn, you’re choosing reliability, innovation, and quality fuel, every time.”
The new station boasts a Forecourt Controller, a highly sophisticated modular solution that serves as a single point of control for multiple devices and interfaces. Supporting over 100 communication protocols and integrating power supply, CPU board, and interface modules, this system offers one of the most intelligent and reliable retail station management systems available today.
The intelligent inventory management system, empowered by volume and temperature sensors, provides high-accuracy, real-time data on products available and dispensed volumes which is a crucial benefit to the customer. This rigorous process effectively eliminates the possibility of meter manipulation common in the retail business and drastically reduces theft, assuring Asharami Synergy’s customers of unmatched meter accuracy and complete transparency with every litre purchased. Sahara Group continues to advance its energy access agenda across Africa, with investments such as this reaffirming the Group’s long-term commitment to driving sustainable energy growth, powering communities, and bringing energy to life responsibly.
Energy
Equatorial Guinea Boosts Liquefied Natural Gas (LNG) Production with Chevron Aseng Agreement
The agreement aims to unlock additional gas reserves offshore Equatorial Guinea, supporting the country’s goals to become a regional gas processing hub, reports ISRAEL ORJI


The Government of Equatorial Guinea has taken a decisive step to advance its natural gas agenda, signing an Incentives Agreement with energy major Chevron for the development of the Aseng Gas Project in Block I.
The landmark agreement – signed between the Ministry of Hydrocarbons and Mining Development the Ministry of Finance and Chevron – underscores the country’s long-term strategy to consolidate its position as a premier hub for natural gas in Africa.
The Aseng Gas Project represents an initial investment of approximately $690 million. The development will unlock new volumes of natural gas that will be directed toward domestic power generation and processing at the EGLNG facility.
In doing so, it secures feedstock for one of the country’s most important industrial assets, the Punta Europa Gas Complex, while creating new opportunities for value addition and energy security.
This agreement signals more than a single project milestone. It demonstrates the government’s commitment to advancing the Gas Mega Hub (GMH) initiative – a bold strategy that leverages Equatorial Guinea’s existing infrastructure to monetize regional gas resources.
The integration of gas produced from the Aseng field represents the third phase of the GMH. By ensuring reliable supply to midstream facilities, the Aseng development positions the country as a critical partner in the continent’s energy future.
“The Aseng Gas Project will provide a reliable supply of LNG to global markets while serving as a catalyst for advancing strategic developments such as the Punta Europa complex. In addition, it will enhance national and regional energy security, support clean cooking initiatives and drive economic growth through a sustainable energy supply,” stated Antonio Oburu Ondo, Minister of Hydrocarbons and Mining Development of Equatorial Guinea.
Equatorial Guinea’s GMH has been a focal point of regional cooperation since its inception. The initiative seeks to aggregate stranded or associated gas resources from domestic fields and neighboring countries, processing them through existing infrastructure at Punta Europa.
By doing so, the country is transforming potential flared or underutilized resources into export revenue, domestic power and industrial growth.
In recent years, the government has signed a series of agreements aimed at expanding the scope of the hub. Partnerships with international operators have allowed Equatorial Guinea to process gas from the Alen Field and other regional assets.
The Aseng Gas Project adds further momentum, with Chevron consolidating its position as a strategic partner committed to the long-term success of the initiative.
Chevron’s agreement follows key milestones in Equatorial Guinea’s gas market. Notably, ConocoPhillips exports its first cargo from the Punta Europe facility in June 2025, representing a critical step towards advancing the GMH initiative.
The Aseng Gas Project represents a cornerstone for the next phase of the country’s energy development.
By combining strategic partnerships, progressive reforms and visionary infrastructure planning, Equatorial Guinea is demonstrating how gas can serve as both an export revenue generator and a catalyst for broad-based economic transformation.
As the GMH advances, the country is solidifying its reputation as a model for African energy development – one where resource monetization, investor confidence, and sustainable growth converge.
Building on this momentum and to reinforce its attractiveness as an investment destination, the government is undertaking comprehensive regulatory reforms.
The Hydrocarbons Law, Tax Law, Labor Law and the Special Economic Zones framework are all under review, reflecting a deliberate effort to create a modern, transparent, and competitive environment for investors.
These reforms will not only strengthen Equatorial Guinea’s credibility as a reliable partner but also lay the foundation for sustained project development across the oil and gas value chain.
The reforms complement a drive by the Ministry of Hydrocarbons and Mining Development to attract new investment across the market.
The country is preparing to launch its 2026 licensing round, featuring key assets that will support the country’s production goals.
By working closely with foreign operators, introducing new investment prospects and revisiting its regulatory environment, Equatorial Guinea is positioning itself for long-term growth.
The African Energy Chamber (AEC), the voice of the African energy sector, supports the Aseng Gas Project agreement as it secures new gas supply, strengthens the Punta Europa complex, and drives the success of the Gas Mega Hub.


The re-entry into Ogoniland marks a historic turning point for Nigeria, not just in terms of oil production, but more broadly, this milestone reflects the spirit of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which commits to building a stronger country, attracting responsible investment, and ensuring that community development is at the heart of national progress.
Speaking during the presentation of the Ogoni Consultations Report at the State House in Abuja on Wednesday, President Tinubu acknowledged that the Ogoni people have endured long years of pain, and that this re-entry reflects the government’s recognition of their sacrifices.
“We are not, as a government, taking lightly the years of pain endured in Ogoniland. We recognise that, otherwise we would not be here today…We declare with conviction that hope is here and is back with us,” the President said.
The Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, echoed the President’s sentiments, calling the development a re-affirmation of the company’s unwavering commitment to the Ogoni re-entry plan and a bold step towards justice, healing, and national prosperity. He emphasized that the re-entry demonstrates that Nigeria can confront its past, honour the sacrifices of its communities, and forge a new path with a vision of prosperity and justice for all.
“The re-entry into Ogoniland is not just about oil and gas. It is about justice, healing, and charting a new future for our nation,” Ojulari said.
Ogoni re-entry can be seen as both a test and an opportunity for the country. It demonstrates that equity can exist in national development, and oil can co-exist with environmental stewardship and inclusive nation-building. This milestone is a practical example of how President Tinubu’s Renewed Hope Agenda translates into reality by strengthening our country, creating conditions for responsible investment, while prioritising the prosperity of host communities.
Ojulari acknowledged the pivotal leadership of the National Security Adviser, Mallam Nuhu Ribadu, in convening a committee that brought diverse stakeholders together, creating the platform for dialogue and consensus that made this breakthrough possible. He also praised the work of Professor Don Baridam and members of the Presidential Committee, who engaged tirelessly and transparently with all relevant parties to produce a report that tells a story of fairness and inclusivity that will ultimately bring closure and renew hope for the Ogoni people and all Nigerians.
“The lesson is that this journey cannot be driven solely by production volumes. It must be anchored on justice, equity, sustainability, and most importantly, collaboration with the very people whose land bears this wealth,” he stated.
To that end, Ojulari was categorical that in resuming operations in Ogoni, NNPC Ltd will continue to build trust by prioritising community engagements with key stakeholders, investing in infrastructure, and empowering local enterprise.
He confirmed that NNPC has already began initiatives in road construction, infrastructure upgrades, and economic empowerment programs designed to rebuild trust and demonstrate accountability in an inclusive manner. “NNPC Ltd is determined to transform Ogoniland from a symbol of conflict into a beacon of reconciliation, renewal, and sustainable progress,” he concluded.
In his remarks, the National Security Adviser, Mallam Nuhu Ribadu, echoed the general sentiments that sustainable progress is possible and proven through collaboration with all parties concerned. He said the report was the outcome of an intensive, methodical, and transparent engagement, while Professor Baridam, on behalf of the Committee, thanked the President for his unwavering commitment to the well-being of the Ogoni people, stressing that through diplomacy and relentless insistence on dialogue, host community trust was earned, and hope restored.
This restored hope is also a message for the international community— Ogoni re-entry is more than a Nigerian milestone. It is a classic example of how a resource-rich nation like Nigeria can reconcile environmental protection with energy security. By placing community benefit at the centre, Nigeria is rewriting the global playbook on how oil and gas operations can co-exist with local aspirations, sharing a global example of how energy development can be reconciled with environmental protection and community inclusion.
For Nigeria, it signals progress is being redefined as a partnership between government, industry, and the people.
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