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NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve
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Sanwoolu to Banks: Support the nation's auto industry

By Akinola Ajibade


Financial institutions should do their best to support the automobile industry in Nigeria, Lagos state governor, Babajide Sanwo-Olu,has said.

This is coming on the heels of poor finance of the operators,  development, which is having grave consequences on their ability to perform optimally.

Speaking at the commissioning of the GAC Motor Showroom, Workshop and the GS 4 Sports Utility Vehicle (SUV, Sanwoolu said that the automobile industry requires the support of financial institutions, if they want to stay in business  and further create jobs for the people.

According to him, without such support, growth in the sector would be limited, while unemployment rate would continue to climb.

The state government would continue to create a convenient environment for private investors through its programmes and policies,he said.

His adminstration would partner with GAC Motor for the establishment of an assembly plant in Ikeja which would be commissioned before the end of the year,he also said.

He said: ”We are also partnering with GAC Motor on assembly plant in the state. This is a partnership between the Lagos State Government and the company.
”This shows we are not just buying finished products, but we are also partnering with the company to boost employment opportunities. The brands of GAC are actually around employment generation. And for us, this is another very first.”

Speaking, Chief Diana Chen, the Chairman, GAC Motor, Nigeria, lauded Sanwo-Olu for encouraging private investors to thrive in the state through its policies and programmes.

She added that the GS4 SUV would create the difference in the SUV segment with fuel efficiency, state-of-the-art equipment and it’s artistic simplicity.

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