National
FG To Implement Policy Compelling IOCs To Drill Or Drop Inactive Oil Wells
Heineken Lokpobiri, minister of state for petroleum resources, says the federal government plans to commence implementing the drill-or-drop provisions of the Petroleum Industry Act (PIA).
Section 94 of the PIA gives operators a period of three years to begin oil production or relinquish the assets to the federal government.
Speaking during the Cross Industry Group (CIG) meeting held on Tuesday in Florence, Italy, Lokpobiri said it is in the best interest of the country that all inactive wells go to work.
He said the federal government, under the leadership of President Bola Tinubu, has provided every necessary incentive to ensure international oil companies (IOCs) in Nigeria run smoothly and profitably.
“Now, it is imperative for these industry players to match the government’s efforts with increased investment by announcing final investment decisions (FIDs),” he said.
Furthermore, Lokpobiri discussed “the challenges, expectations, and measures to enhance the sector’s contributions towards domestic energy needs and regional expansion across Sub-Saharan Africa”.
He emphasised that while IOCs have highlighted engineering, procurement, and construction (EPC) contractors as a challenge, “EPCs will not come unless they see strong commitments from industry players”.
“The government has done its part to provide the requisite and investment-friendly fiscals, the ball is now in the court of the IOCs and other operators to make strategic investment decisions that will drive increased production and sustainability in the sector,” he said.
“We must also recognise that domestic crude supply is essential to national energy security. The best solution to this challenge lies in increasing production, which will ensure a balance between domestic supply obligations and external commitments.”
The minister further urged industry players to explore collaborative measures, such as shared resources for contiguous assets and the release of underutilised assets to operators ready to invest in production.
The Minister of Interior, Dr Olubunmi Tunji-Ojo, has announced plans to establish a centralised system for the authentication and verification of all travel documents in Nigeria.
He made this known during a meeting in Abuja on Tuesday with the United Kingdom’s Minister of State, David Hanson.
In the company of Hanson were delegates from the UK Home Office, National Crime Agency, and the British High Commission.
According to Tunji-Ojo, the initiative aims to tackle immigration and document fraud, particularly those associated with border control.
“We discovered that one of the key drivers of rising document fraud is the absence of a centralised, real-time verification system,” he said.
“Currently, if someone submits 20 documents, you may need to contact 20 different issuing agencies to verify them. That breeds inefficiency.”
He explained that the proposed system would allow real-time verification of all documents—such as bank statements, passports, and certificates—at a single centre.
The minister also said Nigeria was ready to take the lead in formulating a regional strategy for border control, noting that regional differences required customised approaches.
“To tackle a heterogeneous problem with a homogeneous approach will not work,” Tunji-Ojo stated.
“That’s why we’re planning a regional border conference to allow for the development of unified yet adaptable strategies to combat migration and border-related challenges.”
He further disclosed that Nigeria’s EU visa solution platform would go live on May 1.
According to him, this will allow for more efficient processing and international cooperation while safeguarding national security and promoting investment.
“We now have a policy that ensures a response—approval or rejection—within 24 to 48 hours of applying for an EU visa,” he said.
Speaking on President Bola Tinubu’s Renewed Hope agenda, Tunji-Ojo emphasised the administration’s commitment to preventing corruption rather than merely reacting to it.
“Our performance will be judged not by the number of convictions or recoveries but by how many crimes or frauds we prevent,” he said.
In his remarks, Hanson expressed the UK’s readiness to continue collaborating with Nigeria to improve criminal justice outcomes.
Hanson noted that the UK was reviewing its e-visa system and migration policies while exploring ways to expand trade, business, and skills development opportunities with Nigeria.
“My colleagues at the High Commission are eager to maintain strong engagement with the Nigerian government,” he said
According to him, the UK looks forward to enhancing cooperation in tackling crime and fraud.
“You can rest assured that the National Crime Agency, the High Commission, and the Home Office are ready to extend a hand of partnership,” he said.
Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), says he founded Radio Biafra to “promote truth, peace, and the fight for fundamental human rights”.
Kanu made the remarks in a video recording of his interrogation by the Department of State Services (DSS), which was played in open court on Tuesday during his trial for alleged terrorism and treasonable felony.
Kanu was re-arraigned on March 21 before James Omotosho, judge of a federal high court in Abuja.
At the resumed session on Tuesday, Adegboyega Awomolo, the prosecution counsel, told the court that he filed an ex parte application dated April 10 seeking to protect the identities of the witnesses.
“The essence is for the safety and security of state officers who would be part of the witnesses,” he said.
Omotsho granted the application after Kanu Agabi, counsel to the defendant, said he had no objection.
The first prosecution witness, who was codenamed “AAA” to protect his identity, was then called.
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AAA, a DSS staff, said he was part of the team which arrested Kanu on October 15, 2015, at the Golden Tulip Hotel, Lagos.
The witness said Kanu was arrested and several items, including broadcasting devices which were set up in the room, were confiscated.
In the footage, Kanu admitted to setting up the radio station, which he said was registered with the UK government.
He said it was “illegal” to broadcast in Nigeria since he had not registered with the National Broadcasting Commission (NBC).
Kanu also admitted that the radio was funded by supporters from different parts of the world and that he makes his account public to the UK government.
In another statement made by the separatist leader and read in court, Kanu said he was interrogated by the DSS “without legal representation” as required by law.
All exhibits were tendered through the witness and admitted into evidence.
Apex Igbo socio-cultural organization, Ohanaeze Ndigbo Youth Council Worldwide has condemned the arrest of businesswoman Aisha Achimugu at the Nnamdi Azikiwe International Airport, Abuja.
Achimugu was arrested by the Economic and Financial Crimes Commission.
Her lawyer, Chief Chikaosolu Ojukwu, who confirmed her arrest said , “Aisha Achimugu, who arrived voluntarily into the country from London, was arrested by the EFCC around 5 a.m. on Tuesday.
‘In light of what transpired in court on Monday, my client returned based on the undertaking before the court to honour the EFCC’s invitation, but was arrested at the airport.”
Ojukwu criticised the EFCC’s action, describing it as a violation of a court order.
Reacting, the National President of Ohanaeze Ndigbo Youth Council Worldwide, Mazi Okwu Nnabuike described the arrest as an affront on the judiciary.
Okwu said it was strange that someone who returned to the country in line with her own averments before the court could be whisked away in such a manner.
He stressed that, “we had thought that the EFCC has stopped such action but this manner of arrest speaks volumes.
“From every record available, Aisha Achimugu filed an affidavit in court to voluntarily report to the EFCC today, Tuesday, then appear in court tomorrow, Wednesday.
“It is then strange that having returned to the country on her own volition, the EFCC had to swoop on her at the airport despite the subsisting court order.
“This confirms our earlier fears that her trial is political and is totally unfortunate.
“We urge the EFCC to respect the sanctity of the rule of law by releasing her.”
Okwu urged the commission to resist the temptation of being used by politicians to fight perceived political enemies.