- Shell to Begin Bodo Clean up Next Month
The Chairman, Bodo Mediation Initiative (BMI) Inemo Samiama, has said that clean-up work at Bodo community will begin next month after two spills in 2008.
The BMI is mediating between Shell’s Nigeria subsidiary Shell Petroleum Development Company of Nigeria (SPDC) and the Bodo community. It also includes representatives from the United Nations Environmental Programme, the local government, the Dutch embassy and several non-governmental organisations.
Samiama said in a chat that, “Hopefully we should be able to go to the site and start the clean-up next month. We are hoping this time around we are going to start this clean-up once and for all and get this job done.”
He also said that the entire clean-up process will take several years. Adding that, “SPDC remains fully committed to ensuring clean-up takes place and will continue to work with the BMI to implement a remediation plan for Bodo area.
“Shell had appointed international contractors to carry out the clean-up work. Once it commences, the first step would be to remove oil from the water surfaces before restoring landscapes that were damaged by the spill.”
Recall that Royal Dutch Shell agreed in 2015 on a 55 million pound settlement with the Bodo community after accepting liability for two pipeline leaks due to corrosion that contaminated their land.
But progress to clean up the spill has been slow after Shell said members of the community had denied it access in August 2015 when work was set to begin.
BMI was established under the auspices of the former Dutch Ambassador who, until 2015 co-chaired the mediation process to deliver the clean-up of Bodo. The BMI strives for clean-up of the Bodo community to international standards and the purpose of the Shoreline Clean-up Assessment Technique (SCAT) under the BMI was to form judgments on the best remedial methods applicable to each grid at individual sites.
The SCAT approach was recommended by the UNEP representative in the BMI (Dr. David Little) as the best method to ensure effective clean-up to international standards.
SCAT allows clean-up action to be selected and implemented based on site-specific findings during the detailed site assessment.
This was accepted by BMI in order to ensure that clean-up is carried out to international standards and best practices.
The SCAT results confirmed areas of pollution and the need for clean-up. These results did not raise new concerns because they were not different from existing observations from earlier reports.
On 18th July 2016 in a meeting with members of the Bodo Community, the BMI chair discussed the observations in the SCAT report and emphasized that the only possible way to mitigate against continued exposure to the negative consequences of the polluted environment was to immediately commence the clean- up and remediation exercise.
The clean-up process was shut down by Bodo community members two weeks after the report was released because these community members wanted to receive money rather than have their Bodo community cleaned-up.
FG Establishes New Crime Agency, Proceeds of Crime Recovery and Management Agency
Proceeds of Crime Recovery and Management Agency Established by Government
The Federal Government has approved the creation of a new crime agency called “The Proceeds of Crime Recovery and Management Agency” to better manage the loots recovered from financial criminals by the growing list of anti-graft agencies established by the government.
The new agency was approved on Wednesday at the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari.
The president said the new agency seeks to move the fight against corruption to the next level as there is no agency of government that “can give you off-head the number of landed assets, number of immovable assets, the amount in cash that are recovered by the federal government by way of interim forfeiture overweigh of a final forfeigture.”
“So, it is indeed overtime a kind of arrangement that is not uniform and consistent.”
He added: “Next level of transparency, next level of accountability in essence, will have in place an agency of government that is exclusively responsible for anything proceeds of crime.
“A one-stop shop arrangement by which all the assests that are recovered arising from crimes that are indeed vested in the federal government, you have a one-stop arrangenet where you can have an information. As it is for example, the Federal Ministry of Justice is only in a position to account and giving comprehensive account of what
recoveries were made by the ministry.
“But any recovery made by the police, DSS, the Ministry of Justice is not in a position to know. So, for the purpose of decision making and policy, the federal government is not in a position to have a wholistic appreciation.
“So, by the bill that is now presented for the consideration of the council, we’ll have a law that establishes an agency, and secondly, an agency.
“And as you rightly know, Mr President has sanctioned ever since he came on board, that there should be a budget line, a budget item for recovered assets.
“So, if you have a budget item for recovered assets, this agency will now be in a position to provide information to the Federal Ministry of Finance, Budget and National Planning on demand as to what amount is available for budget purposes, thereby establishing the desired transparency, the desired accountability which has not been available before now.
“So, it is about a memo that seeks to establish a legal framework, that seeks to establish institutional framework, that seeks to further take the fight against corruption to the next level by way of establishing transparency, accountability and making the possibility of forfeiture a proceeds of crime easy through the sanctioning of non-conviction based forfeiture among others.”
Inflation Rate Increases Further in August to 13.22%
Prices of Goods and Services Jump in Nigeria in August
Nigeria’s inflation rate rose further in the month of August to the highest since April 2018, according to the latest report from the National Bureau of Statistics (NBS).
In the report released on Tuesday, the NBS said Consumer Price Index, which measures inflation rate, increase by 13.22 percent in the month under review.
This represents a 0.40 percent points increase from the 12.82 percent posted for the month of July.
On a monthly basis, consumer prices increased by 0.09 percent points from 1.25 per cent achieved in July to 1.34 percent in August 2020.
The report read in part, “The consumer price index, which measures inflation increased by 13.22 percent (year-on-year) in August 2020. This is 0.40 percent points higher than the rate recorded in July 2020 (12.82 percent).
“On a month-on-month basis, the headline index increased by 1.34 percent in August 2020. This is 0.09 per cent higher than the rate recorded in July 2020 (1.25 per cent).”
Rising costs continue to disrupt consumer spending in Africa’s largest economy, especially after President Muhammadu Buhari removed subsidy, up VAT from 5 percent to 7.5 percent and implemented service reflective electricity tariff during a tough period of global pandemic.
Despite majority of Nigerians saying the time is wrong, experts have said it was the International Monetary Fund and the World Bank that compelled the administration to up revenue generation in order to continue to service its debt and embark on necessary capital projects.
With the $3.4 billion loan secured from the IMF in May running out amid falling oil price and weak demand for the commodity, the Buhari led administration once again approached the World Bank for another loan of $1.5 billion to further cushion the negative impacts of COVID-19.
According to the people familiar with the process, the new loan is not receiving much attention from the multilateral financial institution as it insisted that some of the agreement reached with the International Monetary Fund before securing the $3.4 billion have not been implemented.
This, experts said was one of the main reasons the federal government made all the recent adjustments despite economic challenges and limitations.
The food index increase from 15.48 percent in July to 16 percent in the month of August, according to the statistics office.
“This rise in the food index was caused by increases in prices of bread and cereals, potatoes, yam and other tubers, meat, fish, fruits, oils and fats and vegetables,” it added.
The persistent increase in prices bolstered cost of living and plunged consumer spending in Africa’s largest economy due to broad-based layoffs and businesses shutting down operations for a safe haven.
NNPC Says It Spent N41.98 Billion on Pipeline Repairs in Six Months
NNPC Spends N41.98 Billion on Pipeline Repairs
The Nigerian National Petroleum Corporation (NNPC) has said it spent a total sum of N41.98 billion on pipeline repairs and management in the first six months of the year.
The corporation stated in its latest monthly oil report, saying “Products theft and vandalism have continued to destroy value and put NNPC at disadvantaged competitive position.”
It explained that a total of 1,067 pipeline points were vandalised between June 2019 and June 2020 with 33 of those vandalised in June 2020. That was 11 percent lower than the 37 points vandalised in the month of May.
The NNPC said, “Mosimi-Ibadan accounted for 33 per cent while ATC-Mosimi and Warri-River Niger recorded 27 per cent of the breaks each; other locations make up for the remaining 13 per cent.
“NNPC in collaboration with the local communities and other stakeholders continuously strive to reduce and eventually eliminate this menace.”
Further break down showed the NNPC spent N5.48 billion on pipeline repairs and management costs in the month of January 2020. In February, March, April, May and June of the same year, the corporation spent N6.74 billion; N7.69 billion; N7.84 billion; N7.99 billion and N6.24 billion, respectively.
The corporation also said the pipelines have aged over the years, therefore, giving rise to frequent failures and consequent operational downtimes.
“In addition, these facilities have aged over the years giving rise to frequent failures and consequent operational downtimes, high maintenance cost and revenue losses,” the NNPC added.
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