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Imo Assembly urges Gov Uzodinma to rename International Conference Centre after Iwuanyanwu

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The Imo State House of Assembly has urged Governor Hope Uzodinma to rename the Imo International Conference Centre (IICC) in honour of the late President General Ohaneze Ndigbo, Chief Emmanuel Iwuanyanwu.

The Assembly said the proposed gesture is a way of immortalizing Iwuanyanwu following his numerous contributions to economic and human development in the state in particular and the nation in general.

The call was made through a motion moved by the member representing Mbaitoli Constituency, Innocent Ikpamezie, on the floor of the Assembly.

Presenting the motion, Ikpamezie narrated that Iwuanyanwu is a worthy and an illustrious son of not only Imo State but the South-East region who has distinguished himself in various human endeavors.

He maintained that late Iwuanyanwu has in no small measure contributed immensely towards the upliftment of the state pointing out that, during the building of the state’s International Cargo Airport, he donated a significant amount of money that led to the realization of the project.

“Chief Emmanuel Iwuanyanwu as an international entrepreneur played a significant role in setting the pace for economic development in the South-East region and the nation at large.

“His philanthropic works in Nigeria worth billions of naira and remain unforgettable having provided good roads, water, homes for destitute as well as awarded scholarships to many students at secondary and university levels,” he said.

The lawmaker noted that Iwuanyanwu died in active service as the President General of Ohanaeze Ndigbo also President of Owerri Peoples Assembly, explaining that under his leadership he preached peace, unity and oneness of the Igbo race.

He enjoined his colleagues to join in urging the governor to immortalize Iwuanyanwu by renaming the Imo International Conference Centre after him.

Lending their contributions some of the members enumerated some remarkable contributions of Iwuanyanwu in many aspects of human life.

The Deputy Speaker, Amara Chyna Iwuanyanwu described the late President General Ohanaeze Ndigbo as an employer of labour who has built many business establishments within and outside southeast region.

“Iwuanyanwu has through his philanthropic gestures and numerous establishments gainfully engaged many people.

“Significant establishments to mention are the establishment of Champion Newspaper and Iwuanyanwu Nationale Football Club which have engaged many people, mostly youths of the country.”

The member representing Isiala Mbano Constituency, Samuel Osuji said that he personally benefited from Iwuanyanwu who offered him a contract that changed his life, maintaining that immortalizing him is not out of place as he has positively touched many lives.

The members, after their contributions later adopted the motion and resolved to urge the governor to immortalize the late Chief Iwuanyanwu.

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Business

It is illegal for NNPCL to fix price of Dangote petrol – Falana

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September 17, 2024

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Femi Falana, SAN
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Human rights lawyer, Femi Falana, SAN, says it is illegal for the Nigerian National Petroleum Company Limited, NNPCL, to determine the price of Premium Motor Spirit, also known as petrol, for the Dangote Refinery after deregulation.

Falana, who said this in a statement on Tuesday, added that the action of the NNPCL contravenes Section 205 of the Petroleum Industry Act, PIA.

“On September 5, 2024, the Nigerian National Petroleum Corporation Limited (NNPCL) stated that foreign exchange (forex) illiquidity had been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS) governed by unrestrained market forces, as provided for in the Petroleum Industry Act, PIA.

“The NNPCL was explaining the pump price of PMS imported into the country at the material time. Specifically, the Executive Vice President of Downstream NNPC Ltd Mr. Adedapo Segun, explained that Section 205 of the PIA, which established NNPC Ltd, stipulated that petroleum prices were determined by free market forces.

“But contrary to the well-publicised statement, the NNPCL has fixed the price of PMS produced by the Dangote Refinery and Petrochemical Company Limited. The action of the NNPCL is a violent contravention of section 205 of the PIA, which stipulates that the prices of petroleum products shall be determined by market forces.

“Furthermore, since the petrol sold by Dangote is not imported into the country but produced at the Lekki Economic Free Trade Zone, the NNPCL cannot justify the sale of petrol at N950 per litre without freight cost, lightering cost, jetty depot fees, storage fees, foreign exchange costs, NPA charges: NIMASA charges, Customs duties etc,” he said.

Falana’s outburst followed the commencement of PMS lifting by the NNPCL from the Dangote Refinery.

DAILY POST recalls that as soon as lifting commenced, NNPCL announced that the product would sell for N950 per litre in Lagos State and its environs, and above N1,000 per litre in states such as Borno.

Reacting, the Independent Petroleum Marketers Association of Nigeria, IPMAN, on Monday, criticised NNPCL, saying it was not right for petrol lifted from the Dangote Refinery to cost higher than imported ones.

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Dangote refinery: Naira transaction for PMS to begin October 1st – NNPC

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2 days ago

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September 16, 2024

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Dangote refinery
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The Nigerian government has announced that it will begin paying Dangote Refinery in Naira for petrol supply starting October 1st.

This decision was made after a meeting with the Implementation Committee on the Naira crude oil sale.

The government also disclosed that the Dangote Refinery and other local refiners in Nigeria will begin to buy crude oil from the Nigerian National Petroleum Company (NNPC) Limited on October 1, 2024.

The NNPC will supply approximately 385,000 barrels per day of crude oil to the Dangote Refinery, which will be paid for in Naira.

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Dangote Refinery plans sea transport for 75% of local supply, targeting Warri, Port Harcourt, and Calabar

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September 16, 2024

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Dangote Refinery
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Dangote Refinery has announced plans to transport 75% of its local petroleum product supply via sea routes, targeting key locations like Warri, Port Harcourt, and Calabar.

This shift to sea transportation aims to reduce the higher costs associated with road distribution.

The refinery has the capacity to load 83% of its products by road, but it is ramping up efforts to evacuate nearly all production by sea.

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