WIKE’S REMOVAL…SEE SKELEWU DANCERS AND PRAYER WARRIORS!

The Governorship candidate of the APC Dr. Dakuku Peterside today went down on his knees in prayer dedicating today’s victory to GOD Almighty.He urged his supporters not to be too jubilant as it wasn’t yet over till after the Court of Appeal.

However APC supporters break out in celebration from Abuja to Port Harcourt

NL

Wike ousted, tribunal nullifies Rivers election

The Rivers State Governorship election Tribunal has nullified the election conducted on 11 April 2015, which returned Governor Nyesom Wike as the winner.

The tribunal sitting in Abuja, the Federal capital, gave the verdict this morning and ordered INEC to conduct a fresh election within 90 days.

TVC Entertainment tweeted the verdict of the court:

Dakuku Peterside of the APC had gone to court to challenge the result, alleging widespread electoral malpractices.

The Tribunal is led by Justice Mohammed Ambursa and has been sitting in Abuja.

The exchange of addresses by counsel to the petitioners—Peterside and the APC—as well as the respondents—Wike, the Peoples Democratic Party (PDP) and the Independent National Electoral Commission (INEC)—took place on Thursday, with the tribunal adjourning indefinitely for judgment. But yesterday the tribunal involved counsels that it was ready with its judgement.

Some international observers and other stakeholders who monitored the April 11 governorship election in Rivers State, as well as eminent personalities who testified before the tribunal had described the poll as a sham, saying that it was characterised by violence, massive rigging, intimidation of voters and snatching of ballot boxes.

sunnewsonline.com/new/wike-ousted-tribunal-nullifies-rivers-election/

PMB AND VP DECLARE ASSETS…THERE IS NO “NIGERIAN DREAM” FOR A POOR MAN IN OUR POLITICS!

Buhari, Osinbajo make assets public

ABUJA —President Muhammadu Buhari and Vice-President Yemi Osinbajo have made known their assets, with the President declaring less than N30 million and his deputy a cash balance of N94 million and US$900,000 in his bank accounts.

The assets, which were still being verified by the Code of Conduct Bureau, it was learned, also showed the President to have shareholdings in Berger Paints, Union Bank and Skye Bank with a total of seven houses including two mud houses.

The President has two houses in Kaduna and one each in Kano, Daura and in Abuja. The two mud houses are in his native Daura. One was inherited from his late elder sister, another from his late father. He reportedly borrowed money from the old Barclays Bank to build two of his homes.

President Buhari, according to the documents, has two undeveloped plots of land, one in Kano and the other in Port Harcourt. He is believed to be still trying to trace the location of the land in Port-Harcourt.

The President also has farms, an orchard and a ranch. The total number of his holdings in the farm, according to sources privy to the declaration, include 270 heads of cattle, 25 sheep, five horses, a variety of birds and a number of economic trees.

The President is also reported to have a number of cars, two of which he bought from his savings and the others supplied to him by the Federal Government in his capacity as a former Head of State. The rest were donated to him by well-wishers after his SUV was damaged in a Boko Haram bomb attack on his convoy in July 2014.

Osinbajo’s assets

Vice-President Osinbajo, according to the assets declaration has a 4-bedroom residence at Victoria Garden City, Lagos; a 3-bedroom flat at 2 Mosley Road, Ikoyi and a 2-bedroom flat in the Redemption Camp of the Redeemed Christian Church of God along the Lagos-Ibadan Expressway. The Vice-president also has a 2-bedroom mortgaged property in Bedford, England.

The Vice-President also has shareholdings in his law firm, SimmonsCooper and in six private companies based in Lagos, including Octogenerium Ltd., Windsor Grant Ltd., Tarapolsa, Vistorion Ltd., Aviva Ltd. and MTN Nigeria.

The Vice-President’s bank balance, at inauguration showed him to have about N94 million, US$900,000 and £19,000 in Nigerian banks. The foreign currencies are in domiciliary accounts in Nigerian banks.

His vehicles, according to the declared assets include one Infinity 4-Wheel Drive SUV, one Mercedes Benz and a Prado SUV.

Sources close to the President said yesterday that the declaration of the President’s assets showed the austere life of General Buhari who before now was a Head of State, Minister of Petroleum, former military governor and member of the Supreme Military Council.

“This is entirely unlike what one might expect from a former head of state of a country like Nigeria,” a source who was given the document to handle said. The President, according to the declaration, does not have any oil well or foreign assets.

“As soon as the CCB is through with the process, the documents will be released to the Nigerian public and people can see for themselves,” the source said.

THE CHANGE BABA IS BRINGING LOOKS MORE POSITIVE THAN EXPECTED…HERE IS AN EXAMPLE!

P-Harcourt refinery to reduce fuel import by 40%

LAGOS—The New Port Harcourt Refining Company, PHRC 2, is now ready for the production of more premium motor spirit, PMS, popularly called petrol, and will reduce fuel import by 40 per cent when fully operational.

When the FCCUs are re-streamed, the refinery will be working at 95 per cent of its 150,000 barrels per day capacity, it is expected that petrol importation will reduce.

This was disclosed to journalists, weekend, by Chrome Oil Services, a member of the Chrome Group, one of the three contractors, handling the phased rehabilitation of the refinery.

Recall that Vanguard Sweetcrude had exclusively reported last week that the four Nigerian refineries are weak in petrol production and high in fuel oils because the FCCUs were still undergoing rehabilitation.

The Project Manager, Chrome Oil Services, Mr. Bombey Adigbara, said: “The job on the FCCUs is about 98 percent completed and by next weekend, we will hand over and the FCCUs will be re-streamed and the refinery will be working at about 95 percent of its throughput.

“Three companies participated in this phased works and COS is the first, and we are still doing the work. At the moment, the refinery has started preliminary production, which means that it is Unit 1 that is producing.

“The Unit 3 is being handled by Chrome, and by the end of next week, we will hand over the plant and the FCCs will be streamed. When this is done, we will start experiencing high level of PMS production in Nigeria. So, all the critical jobs are being done by us.”

He disclosed that there are three major contractors handling the ongoing phased rehabilitation of PHRC, namely Chrome, DKJ/ITC, and DBM.

According to him, “The FCC is 98 per cent completed. The FCC has a lot of critical components and it is also vendor specific, so you have to have a lot of experience to work in that place. We have achieved 98 per cent and when it comes up you will have a reduction in the importation of PMS.”

Chrome capacity

Adigbara also dismissed widespread speculations about the capacity of Chrome Oil Services to execute refinery TAM, saying before the 1999/2000 TAM for PHRC, Chrome had carried out a number of works for the Kaduna and Warri refineries as well as the Indorama Elema Petrochemical Company.

Besides, he noted, Chrome had remained at PHRC since the 2000 TAM till date, offering intervention services, adding that in 2015 alone, Chrome had dome more than 50 jobs in the refinery to keep it running.

Feedstock/swap agreements

Also speaking, Executive Chairman, Chrome Group, Sir Emeka Offor, noted that the problem with the refineries is not just about TAM, which should be done every two years, but also with the lack of crude supply following government’s swap and offshore processing agreement, OPA.

According to him, “the issue with the refinery is not only TAM but lack of feedstock to sustain their operations. The cost of TAM is very high and if you finish TAM and no feedstock then it is not economical.”

He also added that pipelines vandalism came to compound the issues, saying: “Federal Government and NNPC must ensure adequate supervision of the pipelines to reduce vandalism to the barest levels.”

VANGUARD