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Breaking: Protesters storm Senate over bill for establishment of Marine Coast Guard 

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No fewer than 5,000 activists, including youth and women from all over the country, stormed the National Assembly in Abuja on Thursday to express their strong opposition to the Coastal Guards Establishment Bill.

The protesters, under the umbrella of Concerned Citizens of Nigeria, carried placards and banners with inscriptions such as “No to Coastal Guards Bill” and “Don’t Waste Our Resources.” They chanted slogans and sang songs, demanding that the National Assembly reject the bill.

According to Kabir Adamu Matazu, the spokesperson for the group, the Coastal Guards Bill is unnecessary and will only duplicate the functions of existing security agencies, such as the Nigerian Navy, Nigerian Marine Police, and the National Inland Waterways Authority (NIWA).

Matazu argued that the bill is a waste of resources and will create confusion and conflict among the various security agencies. He also pointed out that the Nigerian Security Agencies are already highly rated and acclaimed internationally, and therefore, there is no need to establish a new agency.

The protesters called on the National Assembly to reject the bill and instead focus on strengthening and bolstering the functions and capacity of existing institutions.

They also urged the government to invest scarce resources in addressing the fundamental problems facing the country, rather than embarking on unnecessary adventures.

“Let us state unequivocally that members of the Nigerian Coastal Guards will not and cannot better protect Nigerian’s maritime interest and further regional coastal security, an additional agency will do nothing to improve these situations,” Matazu said in his address.

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“Profoundly repetitive and reoccurring is the problem of duplications. For instance, what will the responsibility of the Merchant Shipping Act and NIMASA Act be if the Coastal Guards are saddled with the same functions of the training of seafarers?

“Another duplicative role is the involvement of the Coastal Guards in the performance of the responsibilities of monitoring and security surveillance of Nigeria’s waterways and also in hydrography since both the Nigeria Police and the Nigerian Navy are already involved in both duties. This has been further compounded by the presidential approval for the conversion of the Nigerian Navy Hydrographic Office into the National Hydrographic Agency, and the designation of the Nigerian Navy Hydrographer as the Hydrographer of the Federation.

“The bill has been further rendered null and irrelevant considering the functions and responsibilities of the National Inland Waterways Authority (NIWA), which constitutionally is to enforce laws and regulations within Nigeria’s inland waters.

“Rather than solve any chaotic problem in the maritime sector, this bill if passed into law will only provoke challenges experienced in administration. This is so because the establishment of coastal guards will complicate the coordination of the maritime sector, initiate unnecessary competition and undermine cohesion, leading to anarchy. These will be taken advantage of by criminal elements and conspirators enhancing negative ratings and culminating in the re-enlisting of the country into the Maritime Piracy Index, which it exited in 2022.

“There is, therefore, no gainsaying the fact that establishing the Nigerian Coastal Guards, given the peculiarity of our resources and structure, will only create an ambience and actual possible occurrence of potential jurisdictional conflict and operational inefficiencies, which is similar to what is happening in the US, UK, and South Africa, with consequential negative exploitation of our economy.

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“Nigeria does not need a Coastal Guard. We strongly believe that this broken record will henceforth never be played again. It is in our collective interest to kill this Bill. It is in the interest of democracy’s future and even the future of our children to kill this Bill once and for all.

“This Bill does not address any of the fundamental problems of Nigeria, rather it is on the voyage of adventurism. This bill is of no business in the first instance and needs to die now without more waste of time and public funds.”

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Dangote Refinery Slashes Petrol Price To N825

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By Abubakar Yunusa

Dangote Petroleum Refinery has slashed its ex-depot price of premium motor spirit (PMS), also known as petrol, to N825.

Esan Sunday, head of media relations and branding communications at Dangote Group, announced the reduction in a statement on Wednesday.

The development comes more than three weeks after the refinery reduced petrol price from N950 per litre to N890.

The new price means that the refinery has significantly cut the ex-depot price by N125 from N950 per litre in January.

“This recent price reduction will also ensure that Nigerians pay between N860 and N865 per litre for petrol at the pump in Lagos,” the statement reads.

“This strategic price adjustment is designed to provide essential relief to Nigerians in celebration of the Ramadan season, while also supporting President Bola Ahmed Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerian populace.

“It is important to note that Dangote Petroleum Refinery has consistently lowered the prices of petrol and other refined petroleum products to the benefit of Nigerians.

“This marks the second reduction of PMS prices in February 2025, following a previous decrease of N60 earlier in the month.

“Additionally, in December 2024, during the yuletide period, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre, as part of its commitment to easing the cost of living and providing relief to Nigerians during the holiday season.”

The oil firm refinery also said previous reductions have positively impacted the overall cost of living, benefiting various sectors of the economy.

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Dangote refinery added that its high-quality products, which have become a favourite in both domestic and international markets, will remain available nationwide, particularly through its key partners — MRS Holdings, AP (Ardova Petroleum), and Heyden — at market-friendly rates.

The organisation assured the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand and a surplus for export, thereby boosting the country’s foreign exchange (FX) earnings.

The refinery also called on marketers to support the initiative, ensuring that Nigerians remain the primary beneficiaries of its effort

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I Inherited N8bn Debt In APC – Ganduje

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Abdullahi Ganduje, the national chairman of the All Progressives Congress (APC), says the ruling party had a debt of N8.9 billion when he assumed office.

Ganduje took over from Abdullahi Adamu, who was the national chairman of the APC until his resignation in July 2023.

Speaking during the APC’s NEC meeting in Abuja on Wednesday, the former Kano governor said the expenses were incurred during pre-election legal battles, election cases, and appeals for legislative, governorship, and presidential elections.

“The current NWC inherited debts and legal liabilities to the total tune of N8,987,874,663, arising from various legal engagements,” Ganduje said.

However, the APC chairman said Kareem Kana, the national legal adviser, has been working to reduce the debt burden.

“We still passionately appeal to the national executive committee to intervene accordingly,” he said.

Earlier today, the chairman said the party is making efforts to mend internal divisions and bring aggrieved members back into the fold.

Ganduje explained that the APC had initiated high-level discussions among party leaders and stakeholders to address lingering disagreements and strengthen party unity.

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Alleged N1.3bn Fraud: EFCC Arraigns P-Square’s Ex-Manager

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The Economic and Financial Crimes Commission (EFCC) has arraigned Jude Okoye, the elder brother and former manager of Paul and Peter Okoye of the defunct music group, P-Square, on charges of laundering ₦1.38billion, $ 1 million and £34,537.59.

Jude was arraigned alongside his company, Northside Music Ltd, before Justice Alexander Owoeye of the Federal High Court, Lagos, on a seven-count charge

One of the counts read: “That you, Jude Okoye Chigozie and Northside Music Ltd sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a landed property known as No 5, Tony Eromosele Street Parkview Estate, Ikoyi, Lagos worth ₦850,000,000.00 (Eight hundred and fifty million naira) only, which money you knew or reasonably ought to have known forms part of proceeds of unlawful act and thereby committed an offence contrary to Section 18 (2) (d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

Another count read: “That you, Jude Okoye Chigozie and Northside Music Ltd sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did indirectly using bureau de change convert the sum of $1,019,762.87 (One million nineteen thousand, seven hundred and six-two dollars eighty-seven cents), domiciled in Access Bank Plc operated by Northside Music Lid to the naira equivalent and remitted into various bank accounts with the intention of concealing that the said fund form part of the proceeds of an unlawful act and thereby committed an offence contrary to Section 18 (2)(a) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

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He pleaded “not guilty” to the charges.

In view of his plea, the prosecution counsel, Larry Peters Aso, applied for a date for hearing as well as for the remand of the defendant in the correctional facility pending trial.

The defendant’s counsel, Inibehe Effiong, informed the court of a pending bail application. He asked for a short date for the hearing. Effiong also asked that the defendant be remanded in the EFCC’s custody pending the hearing of the application.

Aso objected to the request for the defendant to be remanded in the EFCC custody. He argued that the EFCC custody was already congested with suspects awaiting arraignment. He urged the court to remand the defendant to the correctional facility since he had taken his plea.

Justice Owoeye adjourned the matter till February 28 for bail hearing and April 14 for trial.

He also ordered that the defendant be remanded in the Ikoyi correctional facility.

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