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We’ll convert your cars, generators to run on gas, FG promises Nigerians

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images 61 1 We’ll convert your cars, generators to run on gas, FG promises Nigerians

The Minister of State for Petroleum Resources , Timipre Sylva , says the Federal Government will from October begin converting the cars and generators of Nigerians to run on gas .
Sylva said this will be done free of charge for all Nigerians to cushion the effect of the hike in pump price of petrol .
The minister said this on NTA’ s ‘ Good Morning Nigeria ’ on Monday which was monitored by our reporter .
According to him , cars are capable of running on both gas and petrol .
The minister said the move would reduce carbon emissions as well as the demand for Premium Motor Spirit otherwise known as petrol .
Sylva stated, “ The alternative we are now introducing is gas , which is definitely going to be cheaper than the subsidised rate of PMS . So, what we are trying to encourage Nigerians to do now is to convert their cars to dual fuel .
That means your car can use either gas or petrol and that will be done for free because the government is going to ensure that you are able to convert your vehicles for free .
“ And when you convert your car for free , you go to the filling station , you see the price of PMS ( Premium Motor Spirit ) you see the price of gas , you can decide to buy LPG ( Liquefied Petroleum Gas) or CNG ( Compressed Natural Gas) , you can decide to buy LNG ( Liquefied Natural gas ) . These are all going to be available and we are going to have a roll out plan for this within October .
“ Nigerians will have alternatives. It is like introducing a toll on the roads . When you introduce a tollgate, you are expected and required by law to also create an alternative . So, we are also creating that alternative so that you can go to buy gas . ”
Sylva said the Federal Government launched a similar pilot scheme with commercial tricycles in Port Harcourt which they converted to gas and it was successful .
He said the initiative would be extended to small capacity generators colloquially known as ‘I better pass my neighbour’ .
The former Governor of Bayelsa State stated that filling stations owned by the Nigerian National Petroleum Corporation would be the first to begin selling gas to vehicles .
Sylva said the use of gas is cleaner and climate friendly , adding that once this is achieved , Nigeria would receive funding from foreign donors .
He said , “ We are going to convert ‘ I better pass my neighbour ’. So, you will have a situation where in your house , your gas cylinder will be connected to your generator and cooker . So, you don’t need any other fuel apart from gas to run your generators.
“ It will become cheaper and cleaner . Of course , our carbon emissions will actually reduce and we are expecting to gain some money from climate change ( sic) for reducing our carbon emission . This is going to be a policy direction that will create a lot of opportunities .”
He said all NNPC filling stations and also some private sector marketers had signed on to the initiative , adding that the scheme would start in one part of the country and then spread to others .
When asked how Nigeria could benefit from the free initiative, Sylva responded , “ Your car should be in a fairly good condition . That is the only condition to be met because if your car is not in a very good condition , I don’ t know how it is going to convert . We are already in discussion with the NURTW and they are already very happy , ” the minister said .

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FG , States , LGs Share N682 .060 Billion As Allocation For August , 2020

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images 79 2 FG , States , LGs Share N682 .060 Billion As Allocation For August , 2020

FG, States, LGs Share N682.060bn As Allocation For August, 2020
The Federation Accounts Allocation Committee (FAAC) has shared a total of N682.060 billion August 2020 federation account revenue to the Federal, States and Local Government Councils and agencies.
This was made known after the monthly Federation Account Allocation Committee (FAAC) meeting for September 2020 held through virtual conferencing; chaired by Dr. Mahmud Isa-Dutse, Permanent Secretary, Federal Ministry of Finance.
The gross statutory revenue of N531.830 billion was received for the month of August 2020. This was lower than the N543.788 billion received in the previous month by N11.958 billion.
The gross revenue available from the Value Added Tax (VAT) was N150.230 billion as against N132.619 billion available in the previous month, resulting in an increase of N17.611 billion.
A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that from the total distributable revenue of N682.060 billion; the Federal Government received N272.905 billion, the State Governments received N197.648 billion and the Local Government Councils received N147.422 billion.
The Oil Producing States received N30.881 billion as 13% derivation revenue, while cost of revenue collection and transfers collectively had allocation of N33.205 billion.
The Federal Government received N251.948 billion from the gross statutory revenue of N531.830 billion; the State Governments received N 127.791 billion and the Local Government Councils received N98.522 billion.
N30.881 billion was given to the relevant States as 13% derivation revenue and N22.689 billion was the collective total for cost of revenue collection, transfers and refund to agencies.
The Federal Government received N20.957 billion from the Value Added Tax (VAT) revenue of N150.230 billion. The State Governments received N69.857billion; the Local Government Councils received N48.900 billion, while cost of revenue collection and transfers collectively had allocation of N10.516 billion.
The Communiqué stated that for the month of August 2020, Oil and Gas Royalty, Companies Income Tax (CIT), Import and Excise Duty and Value Added Tax (VAT) increased considerably, while Petroleum Profit Tax (PPT) decreased significantly.
The balance in the Excess Crude Account (ECA) as at 17th September, 2020 was $72.409 million.

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Lokoja Tanker Explosion: Pupil, 9 Others Dead

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images 75 2 Lokoja Tanker Explosion: Pupil, 9 Others Dead

A primary school pupil died on Wednesday alongside nine persons after a petrol tanker exploded at Felele area of Lokoja, Kogi State capital.
It was gathered that the tanker lost control and rammed into oncoming vehicles before going up in flames around 8am.
Some of the victims are Kogi State Polytechnic students.
The emergency responders failed to attend to the fire for over one hour.
Kogi State Governor Yahaya Bello in a statement by his spokesperson Onogwu Muhammed commiserated with the bereaved families.
“It is very sad to learn of the tragic loss of lives, many vehicles, property and other valuables in the petrol tanker fire,” he said.
He also urged students of the polytechnic to maintain peace.

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Nigerian Fraud Suspect , Wanted By FBI For $6 Million Scam Surrenders To EFCC

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images 66 2 Nigerian Fraud Suspect , Wanted By FBI For $6 Million Scam Surrenders To EFCC

A Nigerian, Felix Osilama Okpoh, who is wanted by the U.S. Federal Bureau of Investigations (FBI) for his alleged involvement in a Business Email Compromise (BEC) scheme that defrauded over 70 different businesses in the United States, has turned himself in to Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC).
Mr Okpoh, 31, who allegedly conspired with five others to defraud their American victims of over $6million, was led to the Lagos office of the EFCC by his father, retired Colonel Garuba Okpoh and his mother Justina Okpoh.
A spokesperson for the EFCC, Wilson Uwujaren, said the suspect surrendered on September 18 and that investigations into his case had since commenced.
Mr Uwujaren quoted Mr Okpoh as saying, during interrogation, that he decided to surrender himself to the Commission out of respect for his parents and his resolve to be morally upright.
The FBI accused the suspect of allegedly providing hundreds of bank accounts to Richard Izuchukwu Uzuh and other co-conspirators, Alex Afolabi Ogunshakin, Abiola Ayorinde Kayode, and Nnamdi Orson Benson, that were used to receive fraudulent wire transfers.
Bank accounts that Mr Okpoh allegedly provided to Mr Uzuh allegedly received fraudulent wire transfers from victim businesses totalling over $1million
On August 21, 2019, Mr Okpoh was indicted in the United States District Court, District of Nebraska, Omaha, Nebraska, on charges of Conspiracy to Commit Wire Fraud. On August 22, 2019, a federal warrant was issued for his arrest.
On June 16, 2020, United States Attorney Joe Kelly and Kristi K. Johnson, Special Agent in Charge of the Omaha field office of the Federal Bureau of Investigation, announced the unsealing of indictments charging the six Nigerians for their involvement in the fraud schemes.
“The schemes included individual victims and victim businesses both in Nebraska and other states,” the U.S.
Department of Justice said in a statement announcing the indictment. “BECs are sophisticated cybercrimes involving electronic transfer payments or automated clearinghouse transfers.”
“The indictments charge the defendants with one or more of the following violations of federal law: 1) Conspiracy to commit wire fraud and wire fraud, punishable by up to 20 years of imprisonment and a fine of up to $250,000; 2) Identity theft and access device fraud, each punishable by up to 10 years of imprisonment and a fine of up to $250,000.
“The Nigerian nationals charged and still at large are Richard Uzuh; Micheal Olorunyomi; Alex Ogunshakin; Felix Okpoh; Abiola Kayode and Nnamdi Benson. An indictment is a formal accusation returned by a grand jury upon establishing probable cause. The indictment is not evidence of guilt and defendants are entitled to a presumption of innocence. Two related defendants have entered pleas of guilty. Adewale Aniyeloye was sentenced in the District of Nebraska to 96 months’ imprisonment for wire fraud. Onome Ijomone received a 60-month sentence for conspiracy to commit wire fraud.”

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