• Nigeria records $3.038b, N60.997b loss in oil sector • Oil prices fall as Russia promises high output • We expect OPEC to hold firm on $70, says Kachikwu
THenigerian National Petroleum Corporation (NNPC), its subsidiary, Nigerian Petroleum Development Company (NPDC), and companies in the oil and gas sector are yet to remit $22.06 billion and N481.75 billion into the Fed- eration Account, the Nigeria Extractive Industries Transparency Initiative (NEITI) declared yesterday.
NEITI made the disclosure at a remediation conference where it provided a summary of unremitted revenues, losses and reconciled differences in transactions and operations in the sector.
It insisted that the unremitted funds included earnings from oil and gas producing companies worth N5.2 billion and $152.69 million and another $498.6 million in revenue from companies involved in offshore pro- cessing contracts.
According to the statistics, the NPDC is yet to remit $2.38 billion and N51.95 billion while NNPC is holding on to $19.04 billion and N424.57 billion. The total loss to the federation arising from crude oil production, processing and
2:30 p.m. when thousands of Shiites marched on the busy Zuba-kubwa Road leading into the Central Business District. The procession, which spanned about a kilometre, overtook all four lanes. It consisted mainly of young members spotting green, red, black and yellow headbands. The women wore black
Musa said the sect members planned to enter Abuja from the Zuba and Nyanya Maraba areas, two major entry and exit points in the FCT. At the Nyanya end of the trek however, the march turned bloody, as members of the sect met stiff resistance at a roadblock manned by soldiers who allegedly opened fire with live ammunition. The encounter, which lasted about an hour, was said to have resulted in an unspecified number of Shiite casualties.
Combat-ready troops of the Guards Brigade, backed by an armoured personnel carrier, kept watch at the Tipper Garage overhead bridge on the Kubwa expressway leading to Maitama, Asokoro and the Three Arms Zone. They were supported by a detachment of armed uniformed and plainclothes police officers.
Parts of the city experienced severe traffic gridlocks, as stranded commuters walked miles to reach their destinations. Many residents who got wind of the looming trouble hurriedly closed their business premises and rushed home to avoid being caught in the clash.
Following the deadly confrontation in Nyanya, Musa disclosed that the leadership of the group assessed the security situation and instructed members to retreat and reassemble today to continue the trek, which would end tomorrow.
He added that the group would continue its “non-violent protest” until its detained leader, Sheikh Ibrahim El-zakzaky, is released from prison. El-zakzaky is being held in spite of court orders granting him freedom.
“The President Buhari-led administration has been releasing the dreaded Boko Haram jihadists under the guise of ‘repentant terrorists’, yet it does not see anything wrong in attacking Shiite members peacefully clamouring for the release of their leader who the court has set free. The disobedience of this administration to the decision of the court portends danger for the country’s peace and orderliness,” said former deputy spokesman of the All Progressives Congress (APC), Timi Frank. Also reacting, a pro-democracy and non-governmental organisation, Human Rights Writers Association of Nigeria (HURIWA), condemned the killing of Shiites in a statement by its national coordinator, Emmanuel Onwubiko, and national media affairs director, Zainab Yusuf.
“Have the soldiers run out of water cannons; teargas canisters or rubber bullets? Why fire lethal weapons on civilians, even if they were throwing rocks and stones at the soldiers? These killings are indeed dehumanising the Nigerian life and making Nigerian life seem so cheap. This is absolutely inappropriate and totally unacceptable.”
HURIWA added: “We condemn these deaths that were completely avoidable if maximum military force wasn’t deployed. We are by this statement publicly asking that an independent investigation be carried out by a panel of investigators to be drawn from the organised civil society community, the judiciary and representatives of the security forces without further waste of time. Enough of this bloodshed!
“We completely condemn the president’s persistent failure to comply with binding orders of several courts of competent jurisdictions that had granted bail to the leader of the Islamic Movement of Nigeria Sheikh Ibrahim El-zakzaky and his wife who have been detained in the facilities of the Department of State Services since over two and half years,” HURIWA said.