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NNPC; Atiku Slams OVH Deal, Alleging Undue Influence By Tinubu’s Family

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Despite selling its downstream operations as far back as 2015, former Vice President, Atiku Abubakar on Wednesday accused President Bola Tinubu of mortgaging the oil industry to his family and associates, citing the alleged control of OVH, an oil industry operator, by Oando Plc, owned by Wale Tinubu.

Atiku said he believed that even after Tinubu leaves office, it would be nearly impossible to break the shackles, comparing Tinubu’s alleged integration of his business interests into Lagos’ public enterprises to his current attempts at the federal level.

 

In a statement by his media aide, Paul Ibe, Atiku argued that , “Just as Alpha Beta, Primero, and others act as Tinubu’s proxies in Lagos, managing critical sectors and generating revenue for him and his family, he has begun to replicate this at the federal level.”

 

He expressed astonishment at the operations of the NNPC and how the government-owned oil company has allegedly put its retail arm under the control of OVH, a company in which he said Oando, led by Wale Tinubu, owns 49 per cent.

Atiku regretted that his intention to privatise the NNPC and increase its transparency has been overshadowed by what he described as the criminal hijack of the NNPC by corporate cabals around the current president.

 

“In October 2022, just five months before the elections, the NNPC Retail controversially announced it had acquired OVH and all its filling stations. NNPC already had about 550 filling stations across the country but claimed it was enhancing its capacity by acquiring OVH, which had only 94 stations and 100 others leased.

 

“The NNPC did not disclose the purchase price of OVH or the terms of the acquisition. A Freedom of Information (FOI) request by Premium Times was also rejected by the NNPC, which claimed to be a private company despite still being government-owned.

 

“Following this dubious deal, Mele Kyari, was controversially retained as NNPC Group Chief Executive Officer despite his incompetence. Tinubu then appointed his former boss at Mobil, turned ally, Pius Akinyelure, as NNPC Chairman, while he himself took on the role of Minister of Petroleum.

“In a move that defies economic logic, OVH, previously owned by NNPC Retail, has now acquired NNPC Retail. This absurd situation means that Wale Tinubu’s Oando now owns 49 per cent of NNPC Retail.

 

“Moreover, Nigeria paid Wale Tinubu a significant sum to facilitate the Tinubu family’s acquisition of the national oil company. This represents a clear case of illogical business transactions and abuse of office by President Tinubu, who has prevented NNPC from becoming a public liability company as stipulated by the Petroleum Industry Act (PIA),” he alleged.

 

Atiku acknowledged that the NNPC and its leadership were under legislative investigation but expressed scepticism about the process’ credibility due to the vested interests of those conducting the investigation.

“Senator Opeyemi Bamidele, who is heading the National Assembly panel, is a known supporter of Tinubu. He served as a commissioner under Tinubu in Lagos State and publicly calls him his godfather.

 

“Given that Tinubu is the petroleum minister, he should be held responsible for the sector’s issues. I doubt Bamidele will conduct a thorough investigation that might implicate his patron,” Atiku said.

 

On the Lagos-Calabar coastal road, Atike said he had earlier claimed that the Lagos-Calabar Coastal Highway project was fraudulent, but the government denied it.

 

He said that mow that the matter is in court, it was concerning that Chagoury and Tinubu have a business relationship, and their children are business partners, as revealed by OCCRP.

“This indicates a conflict of interest. It is no surprise that the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Coastal Highway, which together will cost over $24 billion, were approved without competitive bidding. It seems that whatever Tinubu wants, he gets,” Atiku said.

 

But when THISDAY contacted the Group Chief Executive Officer of Oando, Mr Wale Tinubu on the allegation by the former vice president, he vehemently  refuted the allegation, insisting that the company has no stake in OVH.

 

He stressed that as far back as 2015, Oando sold its stake in the downstream to OVH, wondering how it is being dragged into the matter in 2024.

 

“We are not the ones who sold the company to NNPC. We sold that company, as far back as 2015. He should stop bullying us. They have been telling lies in public.

“He should not drag us into their politics. Oando bought the company in 2000 or 2002 from him when he was chairman of privatisation and we sold the company, during Muhammadu Buhari’s administration.

 

“We don’t own anything there. It’s deliberate falsehood. As a publicly quoted company, we issued a press statement when we sold that company in 2015,” he said on Wednesday night. “We sold our  downstream operations in 2015,” Wale Tinubu maintained.

 

THISDAY tracked an online link where on June 30, 2015  a press release said that Oando Plc had reached an agreement to sell an equity stake in its downstream businesses to a joint venture consisting of Helios Investment partners and Vitol.

 

According to the statement, the integrated oil and gas company announced that a definitive agreement had been executed with the firms. “Importantly, the divestment enables Oando Plc to focus on its upstream and midstream businesses,” the statement added at the time.

International News

US Wants Justice In The killing Of Pastor Dachomo’s 9 Family Members 

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The United States has condemned the killing of members of the family of Plateau-based cleric, Rev. Ezekiel Dachomo, describing the attack as horrific and urging Nigerian authorities to ensure those responsible are brought to justice.

 

In a statement shared on X on Thursday, the US Department of State’s Bureau of African Affairs expressed condolences to the victims’ families and called for stronger measures to prevent further attacks on vulnerable communities across Nigeria’s Middle Belt.

“The United States strongly condemns the horrific killing of members of Rev. Ezekiel Dachomo’s family in Plateau State, Nigeria. The continued violence targeting Christian communities and other vulnerable populations in Nigeria’s Middle Belt is deeply alarming,” the bureau said

The US said it had already engaged Nigerian officials on the worsening security situation, stressing that urgent action was needed to curb recurring attacks and hold perpetrators accountable.

“As I discussed last week with Nigerian officials, we must do more to prevent violent acts. The perpetrators must be held accountable, and urgent action is needed to strengthen security and protect Christians and other vulnerable communities,” the statement added.

The bureau reaffirmed Washington’s commitment to working with the Nigerian government to combat terrorism and violent extremism, stressing that Christians and other Nigerians should be able to practise their faith without fear of violence.

The statement followed the July 12 attack on Kum community in Riyom Local Government Area of Plateau State, where nine members of Rev. Dachomo’s extended family, including a two-month-old baby, were killed.

According to the cleric, the attackers, believed to be armed Fulani militias, asked for him by name before opening fire on his relatives.

Dachomo, who serves as Regional Chairman of the Church of Christ in Nations (COCIN) in Barkin Ladi Local Government Area, said his family had repeatedly been targeted because of his outspoken criticism of the violence in Plateau State.

He recalled that his grandmother and an uncle were also killed in previous attacks, adding that days after burying his relatives, he received a written death threat from the same group, warning that he would be their next target.

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Graduation Ceremony Ban: Govt Threatens To Shut Erring Schools, Exempts SS3 Students

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The Anambra State Government has clarified that its indefinite ban on graduation ceremonies applies to all kindergarten, primary and secondary schools across the state, except for students completing Senior Secondary School (SS3).

 

The clarification was contained in a press statement issued on Friday by the Commissioner for Information and Value Reformation, Law Mefor, following what the government described as public enquiries and concerns over the directive.

According to the government, Governor Chukwuma Soludo ordered the suspension of graduation ceremonies to reduce the financial burden imposed on parents by schools.

“The essence is to reduce the financial burden on parents,” the commissioner said.

The government explained that the ban covers all forms of graduation-related events, including “passing out,” “cross over,” and any similar ceremonies organised by schools.

Mefor further stated that the directive applies to both public and private schools operating in Anambra State.

However, he noted that students graduating from Senior Secondary School (SS3) are exempted from the ban.

The commissioner stressed that graduation ceremonies for SS3 students remain optional and, where organised, must not involve any levies or financial demands on students or their parents.

“Graduation ceremonies for students exiting Senior Secondary School are optional and, where carried out, must be conducted without any form of levy or financial demand on students and parents,” he said.

The state government also warned that school proprietors and administrators who violate the directive would face severe consequences.

“Any school management found in violation of this directive will face serious sanctions, which may include the closure of such school,” Mefor stated.

The clarification followed widespread reactions after the state government announced the suspension of graduation ceremonies, with many parents and school owners seeking details on the categories of schools affected and whether any exceptions would be allowed.

Governor Chukwuma Soludo, in October 2025, banned graduation ceremonies and Christmas parties in schools across the state as part of efforts to reduce the financial burden on parents and guardians.

The governor said the policy was designed to make education more affordable and equitable for families while discouraging unnecessary expenses associated with school activities.

Expressing concern over what he described as avoidable financial pressure on parents, Soludo had also directed schools to discontinue the use of textbooks designed for pupils to write in.

“This is to owners and administrators of government, private, and mission schools in Anambra: we have set out some basic standards to ensure that the poor are not made to spend so much just because their children are in school.

“One of the measures includes discontinuing the use of textbooks designed for students to write in. This practice forces parents to buy new textbooks annually.

“Once a child finishes a class, he should be able to pass on his textbooks to his younger siblings,” the governor had said.

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Massive Gridlock As Multiple Accident Leave One Dead On Kara Bridge

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At least, one person has been confirmed dead leaving others with different categories of injury, following an early-morning multiple-car crash along the Kara Bridge, inward Mowe/Ibafo on the Lagos-Ibadan Expressway, which left hundreds of motorists stranded and grounded economic activities.

 

In a detailed report of the incident, the FRSC, Lagos Sector Command, said the first crash occurred at about 12:05 a.m. on the outbound carriageway towards Ibadan, involving five articulated trucks and one Toyota Sienna vehicle.

The FRSC report also said rescue and recovery operations were ongoing when another crash occurred at the inbound carriageway towards Lagos involving a commercial bus.
It added that Lagos State Traffic Management Agency LASTMA officials, FRSC officials, officials of the Lagos State Emergency Management Agency LASEMA, and police operatives were on the ground to manage the situation. Tow trucks were also present as officials continued recovery operations.

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