Connect with us

GROpinion

[OPINION] How Buhari Broke The Jinx At NNPC

Published

on

The news came like a thundering typhoon last week. For the first time in its 44 years history, the Nigerian National Petroleum Corporation (NNPC) had made a profit.

Net profit after tax stood at N287 billion in Year 2020, sequel to the completion of the statutory Annual Audit exercise. What year? 2020. Year of the Coronavirus pandemic, when most of the world, including Nigeria, was under lockdown! And here was NNPC, recording profit first time in its history. How did it happen? How can it?

Well, it happened because perhaps for the first time in the history of the country, and of the NNPC, there is a President who is not using the place like a personal automated teller machine. He’s not collecting millions upon millions of dollars by fiat, nor is he giving directives for any under-the-table deal. And that President also happens to be the Minister for Petroleum Resources.

Before we discuss how Muhammadu Buhari broke the jinx, let’s consider how naysayers responded to the good news. They first pretended it didn’t happen. The announcement came, and it didn’t resonate. They didn’t share it widely on social media, some traditional media platforms didn’t even publish it. Those who reluctantly did, made it sound more like an obituary announcement. What a country!

Remember they had said they would sell NNPC before the 2019 elections, which they had thought they would win. They lost. Flat. And the would-be sellers, and the prospective buyers, were naturally not happy that the oil corporation had made profit: under Buhari.

After first trying to downplay the news, they began to pick holes in it. The profit was only on paper and didn’t exist in real terms. It was money that should have gone into the Federation Account and was withheld by NNPC. Blah, blah, blah. The same NNPC they had wanted to sell to their friends.

I like the online interventions to the development by two friends and patriots. Simbo Olorunfemi, author and publisher, said: “To habitually doubt good news, yet never hesitant about embracing bad news, is an eloquent proof of the state of mind.”

Profound. Deep. Food for thought. All the years oil prices hit the rooftops, and NNPC recorded losses, they believed. Now, to hear that the same outfit made profit in a lockdown year, they disbelieved. Thomases! Doubters. Unless I see the mark of nails on his hands, and the spear wound on his side, I wouldn’t believe. “Then said he to Thomas! Be not faithless but believing.”

The second intervention online is by Kurtis Adigba, a lawyer and ‘one-man battalion’ for Buhari, and for Nigeria. He submitted: “Hate is not a stock or equity we must own a piece of. It pays dividends but only in death and destruction.”

Yes. They hated the news of NNPC profit because it came under a most unlikely man. How dare he? Who permitted him! Anything we don’t do, can’t be done by anybody else.

Now, how did Buhari do it? What did he do differently, that made NNPC a winning corporation? Permit me to recall this piece I did in November last year, which answers most of the questions. It was under the headline; The Essential Buhari: NNPC GMD’s Testimony:

On Friday last week, Mallam Mele Kolo Kyari, Group Managing Director of Nigeria National Petroleum Corporation (NNPC), held an engagement with energy editors across diverse media platforms. Yours truly was invited.

I currently serve as media adviser to President Muhammadu Buhari, but I remain essentially a newspaper man. There’s nothing I love better. And when done in government, the media still beckons, by the grace of God. So, I felt quite at home at the NNPC event, which was designed to update the media on current developments in the petroleum industry.

When a General Officer Commanding (GOC) moves, the brigade commanders and all other brass hats move too. At that outing with the GMD were the managing directors of subsidiaries, group general managers, and Who is Who in NNPC. The information garnered was worth its weight in gold.

NNPC is transforming from an integrated oil and gas company into an energy company, Mele Kyari disclosed. And quite contrary to the opacity of the past, operations of the energy company are as transparent as possible. His words:

“Over the past one and a half years, we have tried to keep that promise by sustaining the publication of our Monthly Financial and Operations Report (MFOR). No company, to my knowledge, does this.

“We have taken our transparency drive a notch higher by publishing our Audited Financial Statement for the 2018 and 2019 financial years on our website for all interested persons to see the significant turnaround in our performance recording 99.8% year-on-year.”

Which corporation was the GMD talking about? NNPC? Didn’t we know the place as the automated teller machine of presidents, oil ministers, any political party in power, and also the object of pillage by those who run the place? But under President Muhammadu Buhari, it is a new energy company, because a new broom was in town, and was sweeping so clean. More about that later.

Kyari said there was no information anybody wanted about NNPC operations that was not already in the public domain, adding: “I can say that we have kept our word as far as transparency and accountability are concerned. We will continue to do more until the word opacity is no longer associated with the Nigerian oil and gas industry.”

Some exploratory successes by NNPC, according to the GMD, include oil find in commercial quantity in the Upper Benue Trough, very high prospect of oil find in Kolmani River III Well, while seismic data collection is ongoing in the Bida Basin, “and we are relaunching exploration work in the Chad Basin.”

The world focuses more on gas as energy of the future, rather than petroleum, and the NNPC Boss said Nigeria was not left behind:

“We are investing aggressively in gas to take advantage of the energy transition and get Nigeria ready for the future in the face of the dwindling fortunes of petroleum liquids.

“You may be aware of the NLNG Train 7 and other gas infrastructure projects…all these are aimed at ensuring that Nigeria takes its rightful place in the emerging global energy order where natural gas is envisaged to play a pivotal role.”

The Yuletide season is often characterized by severe fuel scarcity. But the GMD assured that the energy company has solid arrangements in place to sustain fuel supply across the country., “and we are sure of maintaining zero fuel queues throughout the Christmas and New Year festive season into 2021.”

Can there be a parley between the media and NNPC at this time, and deregulation of the prices of petrol not feature? It would sure be incomplete. Hear the GMD: “Even though gasoline price is as high as N464/liter in Niger and more than double our N160/litre range in most West African countries, we would continue to ensure Nigerians benefit from lowest comparative prices in West Africa and beyond.”

He gave comparative prices of gasoline in some West African countries as of November 16, 2020, thus: Senegal, N549. Mali, N438, Chad, N368, Sierra Leone, N274, Liberia, N328, Ghana, N325, Cameroon, N446, and many others.

The GMD used the opportunity of the parley to debunk allegations that NNPC failed to remit funds that should accrue to the Federation, and that it illegally withdrew money from the NLNG Dividends Account.

“Such is not possible under the TSA (Treasury Single Account) arrangement,” he posited.

Talking further on the new order of transparency in NNPC, he said President Muhammadu Buhari, who doubles as Minister of Petroleum, “has never made any demand of us, has never asked for a single thing for himself, or for any individual.”

He added: “Anytime I see him, and we need to take a decision, he only asks; ‘is this in the interest of the ordinary Nigerian? Is it in the interest of our country?’ Once we can defend that, he gives approval. Not once has he asked for anything personal.”

In this Nigeria? A President will not give orders to NNPC to cut corners, and bring out millions upon millions of dollars, to fund private projects, or simply stash such money away? This Buhari is sure a strange one, a worthy example of probity, transparency, accountability. No wonder the Hausa man calls him Mai Gaskiya (the honest one).

He was military governor. Oil Minister for over three years. Head of State for 20 months. Chairman, Petroleum Trust Fund. Now President for six years running. Yet, he owns no petrol station, not to talk of an oil bloc. Do they make them like this anymore? I doubt.

I recall a testimony also given by Mr Babatunde Raji Fashola, former two-term Governor of Lagos State, when he was Minister of Power, Works, and Housing. He said not once, not even half of a time, did President Buhari ever send anyone to him for patronage of any kind, nor did he show a preference for anybody. And I ask again: do they make them like this anymore? I doubt.

A final recall. One night, I had visited the President at home, just on a social call. It was about 8 pm, and just two of us were in his waiting room. The other man is ex-this, ex-that in the country, having held many prominent positions. He told me: “Look at this sprawling place. Only two of us waiting to see the Big Boss. It didn’t use to be like this. This place would be like a market till about 3 am daily, as people come to cut deals and take a slice of the National cake. But President Buhari does no deal with anyone. That’s why only two of us are here.”

What a man! What testimonies all round! Surely, they don’t make them like this anymore. Or do they?

Adesina is Special Adviser to President Buhari on Media and Publicity

Continue Reading

GROpinion

Insecurity In Zamfara – Hold Lawal Accountable, Not Matawalle

Writes Nasiru Aliyu, Media Advisor to the Hon. Minister

Published

on

Zamfara and Bandits

The recent protest organized by the All Progressives Congress (APC) Akida Forum raises significant questions about political motivations and accountability.

Led by Musa Mahmoud the APC AKIDA group staged a demonstration at the Abuja headquarters of the Department of State Services (DSS), demanding an investigation into the Minister of State for Defence, Dr. Bello Mohammed Matawalle, amid allegations linking him to banditry in the state.

The protest, predominantly featuring hired women and youths from Abuja, was framed as a response to escalating security concerns in Zamfara.

However, the underlying motives appear to be rooted in political rivalry rather than genuine concern for public safety.

The leader of the APC Akida Forum Tijjani Ramallan claims that Governor Dauda Lawal has accused Matawalle of collusion with bandits, suggesting that such ties have perpetuated the insecurity plaguing the region.

A critical point overlooked by Mahmoud and his supporters is that Matawalle is no longer the executive governor of Zamfara.

The current governor, Dauda Lawal, now holds the title of the state’s chief security officer, and therefore, he bears the primary responsibility for addressing the security crisis.

Instead of engaging in a blame game, Lawal should focus on implementing effective strategies to combat the rampant insecurity and provide the dividends of democracy to the people of Zamfara state.

The animosity towards Matawalle seems to stem from his previous role as the Director General of Bola Ahmed Tinubu’s campaign in the Northwest, where he played a pivotal role in securing significant electoral support for the current president.

This success has reportedly fueled envy among some political figures like Tijjani Ramallan, including Musa Mahmoud and others who may feel threatened by Matawalle’s rising profile.

It is noteworthy that allegations against Matawalle have been investigated by the National Security Adviser’s office, which found no evidence to support claims of his involvement in banditry.

This investigation contributed to President Bola Ahmed Tinubu’s decision to retain Matawalle in his ministerial position, where he has reportedly managed security matters in the Northwest with professionalism.

Adding to the complexity of this situation, a Kano High Court recently issued a restraining order against Governor Lawal and others, prohibiting them from continuing their smear campaign against Matawalle. This legal development underscores the court’s recognition of the potential harm caused by unfounded allegations and the need for accountability in political discourse and the state government has found an ally in APC AKIDA led by Tijjani Ramallan.

Despite the court’s intervention, Governor Lawal continues to leverage media platforms to tarnish Matawalle’s reputation, linking him to banditry and corruption without substantiating evidence.

Such tactics appear to be desperate attempts to undermine Matawalle’s credibility, likely motivated by Lawal’s desire to solidify his political standing.

The ongoing campaign against Matawalle by Lawal and his associates raises serious concerns about the integrity of political discourse in Zamfara.

It is imperative for the public to remain vigilant against misleading narratives and to recognize the broader implications of such political maneuvers.

The Kano High Court’s ruling serves as a reminder of the importance of due process and the need for responsible governance.

In conclusion, the focus of accountability in Zamfara should shift towards Governor Dauda Lawal, who now holds the reins of security in the state.

Instead of casting blame on former officials, Lawal must take ownership of the security situation and work towards tangible solutions that prioritize the safety and well-being of the people of Zamfara.

Furthermore, since Matawalle operational visit to sokoto led to the elimination of Bandit leader Halilu Sububu who is alleged to have died with the treasure of the sponsors of banditry in zamfara state, the pain propelled them to further embark on campaign of calumny.

Continue Reading

GROpinion

Exposing the Malicious Sabotage of MoMo PSB Project in Enugu Ezike

By: Cyprian Nwodo

Published

on

MoMo Payment Service

The recent activities of some individuals with one Davids Iyida attempting to sabotage the MoMo Payment Service Bank project intended to benefit, especially  Enugu Ezike people, have raised significant concern and outrage within the community.

Davids Iyida
Davids Iyida

Such actions aimed at undermining a project with immense potential to uplift and empower the people of Enugu Ezike can only be described as malicious.

The MoMo PSB project is designed to bring financial services closer to the people of Enugu Ezike, facilitating easier access to banking and financial transactions.

This project is expected to create jobs, stimulate local businesses, and provide a much-needed boost to the local economy. In a region where such opportunities are rare, the MoMo PSB project represents a beacon of hope for many residents.

It is particularly baffling and disheartening to witness a member of the community collaborate with outsiders to hinder the progress of their own people.

The reasons behind such alliances remain unclear, but the impact of these actions is evident and deeply troubling. Working to obstruct the project is not only delaying progress but also actively working against the welfare and advancement of Enugu Ezike.

The efforts to destroy Kingsley Ifeanyi Adonu’s good intention, despite all the positive contributions he has made, are nothing short of wickedness.

Adonu, a visionary entrepreneur and the leading MTN Partner in the South East, has dedicated significant resources and efforts to bring the MoMo Payment Service Bank project to fruition.

His vision for the community includes economic growth, financial inclusion, and overall development. Attacking his vision is an attack on the progress and future of Enugu Ezike.

The question that lingers in the minds of many is: Why sabotaging our own benefits? In a time when unity and collective effort are paramount for the community’s advancement, such actions of sabotage are counterproductive and harmful. The community needs all hands on deck to drive development and improve the quality of life for its residents. Internal conflicts and malicious actions only serve to set back these efforts.

Despite the challenges and the malicious attempts to derail the project, it is important to reaffirm that S Mobile Group vision for establishing a MoMo Payment Service Bank in Enugu Ezike will prevail.

The community stands behind this vision, recognizing the immense benefits it promises to bring. Efforts to hinder progress will ultimately fail in the face of collective determination and support.

The actions of these ungrateful individuals, aimed at sabotaging the MoMo PSB project, are grave disservice to the community of Enugu Ezike.

In a time when progress and development are desperately needed, such malicious activities are deeply regrettable.

However, the vision and determination of Kingsley Ifeanyi Adonu and the community’s support ensure that the project will succeed, bringing much-needed growth and prosperity to Enugu Ezike.

Let it be known that no amount of sabotage can dim the light of progress and unity.

Nwodo, a public commentator writes from Enugu State

Continue Reading

Columnists

Cybersecurity in 2024: Towards Ever Greater Sophistication of Tactics

Published

on

Chester Wisniewski, Director Global Field CTO

Writer: CHESTER WISNIEWSKI, Director Global Field CTO, Sophos

With 2024 fast approaching, what are the results for 2023 and what are the developments in the threat landscape for this new year?

The year 2023 was marked by persistence in the tactics of cybercriminals, with the predominance of ransomware, the exploitation of vulnerabilities, theft of credentials and even attacks targeting the supply chain. The common point in all his attacks is their formidable effectiveness.

It is therefore essential to ask what trends will persist in 2024 and what strategies businesses should adopt to deal with these future cyber threats.

Between persistent trends and evolving cybercrime tactics

In 2024, the threat landscape is not expected to change radically, particularly with regard to attack typologies and criminal tactics and procedures.

Criminal groups still primarily focus their attention on financial gains and ransomware remains their weapon of choice. These cybercriminals tend to take the easy way out by opportunistically attacking unpatched security vulnerabilities.

The recent Citrix Bleed attack demonstrated the agility of cybercriminals when it comes to quickly and effectively exploiting these new vulnerabilities.
However, once patches are applied to these vulnerabilities, cyberattackers tend to revert to more common strategies of stealing credentials or, failing that, cookies or session cookies, which, while slightly slower, constitute always a proven means that allows them to penetrate within a system.

In 2024, however, we should expect increased sophistication in defense evasion tactics, particularly due to the generalization of certain technologies such as multi-factor authentication. These attacks will combine malicious proxy servers, social engineering techniques and repeated authentication request attacks or “fatigue attacks”.

AI and regulations will continue to shape cybersecurity

In 2024, the development of AI will have a positive impact on the efficiency of IT teams and security teams by enabling them to strengthen defenses and work more efficiently, including through the processing of vast volumes of data in the aim of detecting anomalies. It should make it possible to respond more quickly in the event of an incident.

Indeed, analysis of attacks in 2023 showed a shortening of the time between network penetration and the triggering of a final attack – using malware or ransomware. The need for rapid detection and response tools to prevent costly incidents is therefore essential.

Finally, regulatory developments could have a major influence on measures taken against ransomware. The need to take more substantial measures could push some states to penalize the payment of ransoms, which would represent a brake on malicious actors and change the perspective of companies in the event of an attack.

Other stricter legislation, such as the implementation of the European NIS2 Directive, is also expected to force companies to take additional measures, particularly regarding their abilities to collect data sets.

To protect themselves against increasingly rapid, effective and costly attacks, companies will need to strengthen their defenses by equipping themselves with tools that allow them to detect and respond to incidents more quickly.

The worsening cybersecurity talent shortage does not appear to be as serious as some studies claim. On the contrary, companies have implemented more lax hiring criteria and more open-mindedness in the recruitment process.

From this perspective, to guarantee their survival in a constantly evolving threat landscape, companies have every interest in establishing partnerships with cybersecurity experts whose main mission is to make the hyperconnected world safer, to advise and assist them. in setting up effective defenses.

Continue Reading

Trending