Connect with us

news

Obat Oil, 47 others set to lift Nigeria’s crude oil 

Published

on


Following the tactical rebranding, which the company underwent in the last few months ago, the Nigerian National Petroleum Corporation, (NNPC,) has named this fledgling company, Obat Oil & Gas, among the fifty indigenous and foreign companies that have been awarded contracts to lift Nigeria’s crude oil for the 2018/2019 crude oil term. 

The 50 companies are among a total of 254 that participated in the bids held last January for the sale and purchase of the Nigerian National Petroleum Corporation (NNPC) equity crude under the 2018/2019 crude oil term contract. At the bids-opening ceremony in January, the Group General Manager, Crude Oil Marketing Division, Mele Kyari, listed some of the conditions potential off-takers were expected to meet under the 2018/2019 crude term contract, which include, possessing a minimum annual turnover of $500 million for 2016 and net worth of $250 million for 2016, apart from having the 2015 & 2016 audited accounts. 


While, the Nigerian National Petroleum Corporation, (NNPC), spokesperson, Ndu Ughamadu, said eventual winners would be selected as licensed off-takers to trade on Nigeria’s equity crude for a 12 months period.

 Other indigenous beneficiaries are Oando, Sahara Energy, MRS Oil and Gas, AA Rano, Bono, Masters Energy, Eterna Oil and Gas, Cassiva Energy, Hyde Energy and Brittania U Northwest Petroleum, Optima Energy, AMG Petroenergy, Arkiren Oil and Gas Limited, Shoreline Limited, Entourage Oil, Setana Energy and Prudent Energy. In the realm of this development, the chairman of the company, HRH, Oba Frederick Obateru Akinruntan, the Oluigbo of Ugbo Kingdom, assured of making huge profits in the foreseeable future.

 Under the capable management of his son, Prince Akinfemiwa Akinruntan, who has been at the helms of affairs of the company since 2013, Obat Oil and Petroleum Limited, has been making giant strides, which have led to increased service delivery and customer satisfaction. This milestone is another achievement following the long-term agreement, the company signed with Vital Allied Energy Supply & Services Ltd, (VAE) to supply 100,000mt of refined product quarterly, with a delivery of 30,000mt monthly. Obat Oil, established in 1981 under the astute leadership of Oba Akinruntan has over the years transformed into a massive corporate beast boasting over 50 mega petrol stations across the country, several land and sea fuel haulage vessels and a mammoth tank farm that can store up to 65 million litres of oil.

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

news

Former Ondo Deputy Governor Ali Olanusi Endorses Chief Abdul Tunji Mohammed (ATM) for Ondo North Senate

Published

on

*Akure, Ondo State* — In a major boost to his senatorial ambition, Chief Abdul Tunji Mohammed, popularly known as ATM, has received the endorsement of His Excellency, Alhaji Ali Olanusi, former Deputy Governor of Ondo State.

The elder statesman formally adopted ATM’s bid to represent Ondo North Senatorial District during a courtesy visit to his Akure residence last week. The meeting, described by attendees as “warm and strategic,” saw Olanusi throw his political weight behind ATM ahead of the 2027 general elections.

Alhaji Olanusi is a towering figure in Ondo politics and a respected APC chieftain from Akoko, Ondo North. His political résumé spans decades: former Member of the House of Representatives, former State Chairman of the Peoples Democratic Party (PDP), and former member of the All Progressives Congress (APC) Board of Trustees. His voice carries weight across party lines and within grassroots structures in Ondo North.

Speaking during the visit, Olanusi commended ATM’s character, capacity, and commitment to the people. He also paid glowing tribute to the legacy of ATM’s late father, Alhaji Kunle Abdul, whose philanthropy and community development efforts remain reference points in Akoko land and Ondo State.

“The good work of your late father is still speaking well for you,” Olanusi said. “You have shown the same heart for service. Ondo North needs a Senator who understands the people and has the competence to deliver. I believe you are that person.”

Responding, Chief Abdul Tunji Mohammed expressed gratitude for the endorsement, describing Olanusi as “a father, a leader, and a compass for many of us in Ondo politics.”

“This endorsement is humbling. It strengthens our resolve to offer Ondo North a new model of representation — one that is accessible, developmental, and people-driven,” ATM said. “We will not betray this trust.”

Political observers say Olanusi’s endorsement is significant. As a bridge between the old guard and the new generation, his backing is expected to galvanize support across Akoko, Owo, and Ose — the key blocs in Ondo North.

With endorsements now coming from traditional leaders, youth groups, and elder statesmen, ATM’s senatorial ambition continues to gather momentum as the 2027 political calendar draws closer.

Signed
ATM Media Team

Continue Reading

news

Moyo Ogunlewe Applauds Bashir’s Solar Empowerment Initiative for Ikeja Youths

Published

on

The Lagos State Director-General of the City Boy Movement, Hon. Moyo Ogunlewe, has commended Comrade Oluwadamilare Sonayon Adebowale Bashir for launching a transformative solar electrification training programme targeted at youths in Ikeja.

The initiative, described as a multimillion-naira empowerment scheme, is designed to equip young people between the ages of 18 and 40 with practical, market-relevant skills in solar installation, maintenance, and system management. It is expected to open up employment opportunities while fostering entrepreneurship within the renewable energy sector.

According to Bashir, the programme will train 100 beneficiaries in phases, beginning with an initial batch of 40 participants. The phased approach, he explained, is to ensure quality delivery, hands-on learning, and proper supervision throughout the training period.

Speaking on the significance of the initiative, Bashir noted that the programme is a strategic intervention aimed at tackling youth unemployment while addressing Nigeria’s persistent power supply challenges through sustainable energy solutions.

“This is not just about training; it is about creating a new generation of self-reliant youths who can contribute meaningfully to the economy through renewable energy,” he stated.

Reacting to the development, Hon. Moyo Ogunlewe lauded Bashir’s commitment to grassroots empowerment, describing the initiative as timely and impactful.

Ogunlewe emphasized that such forward-thinking programmes align with ongoing efforts to promote youth development and economic inclusion across Lagos State. He further noted that investing in renewable energy skills places young people at the forefront of a rapidly evolving global industry.

Also lending his voice, the Executive Chairman of Kosofe Local Government, Hon. Barrister Moyosore Ogunleye, praised the initiative, highlighting its potential to transform lives and reduce unemployment at the community level.

The much-anticipated training programme, already generating buzz within Ikeja and beyond, is scheduled to hold on Monday, April 27, 2026, at Onigbongbo Local Council Development Area. Participants will be drawn from eight wards across the local government, ensuring broad-based inclusion and community impact.

Stakeholders believe the initiative could serve as a model for similar youth-focused renewable energy programmes across Lagos and Nigeria at large, especially at a time when alternative energy solutions are becoming increasingly critical to national development.

Continue Reading

news

Tayo Ayinde: The Quiet Engine of Lagos’ Governance

Published

on

 

In the complex theatre of governance, where noise often masquerades as impact, few figures embody disciplined authority and strategic boldness like Tayo Ayinde, Chief of Staff to Governor Babajide Sanwo-Olu of Lagos. He is not a headline-chasing leader. Instead, Ayinde represents a rare breed, a calm but commanding operator whose strength is expressed through control, precision, and unwavering loyalty.

Ayinde’s personality is deeply rooted in his formative years within Nigeria’s security architecture. Having served in the State Security Service (SSS), where he rose through the ranks before retiring in 2009, he developed a mindset shaped by vigilance, intelligence gathering, and calculated decision-making.

This background did not just shape his career; it defined his temperament. Those who have observed him closely describe a man who is perpetually alert, mentally agile, and instinctively strategic. He anticipates rather than reacts and focuses on outcomes rather than optics.

His boldness, therefore, is not performative; it is institutional.

Nicknamed “Buffalo” by colleagues and associates, Ayinde’s personality reflects a striking paradox: gentle in appearance, yet formidable in execution. He carries a commanding presence while maintaining a composed and approachable demeanor. In political and administrative circles, he is known to demonstrate focus under pressure, maintain emotional discipline in crisis situations, and project authority that commands respect without coercion.

This blend of calmness and inner strength is what makes his leadership style uniquely effective. He is the type of leader who can enter a room quietly and still shape its direction.

Within the Lagos State Government, Ayinde is more than a chief of staff in title; he is widely regarded as the operational nucleus of the administration. He coordinates complex policy frameworks with precision and serves as a critical bridge between political leadership and administrative execution. In doing so, he manages competing interests without destabilizing governance.

President Bola Ahmed Tinubu has described him as a dependable ally and a stabilizing force, an acknowledgment of his ability to manage responsibility without being consumed by it.

Ayinde’s office is often described as a “solution centre”, a place where issues are addressed with clarity and speed rather than prolonged debate.

In Nigeria’s often unpredictable political environment, loyalty can be fluid. Ayinde, however, represents a different doctrine: loyalty as a strategic principle. From his days as Chief Detail to President Bola Ahmed Tinubu to his current role, he has built a reputation as a leader who understands power, respects hierarchy, and safeguards institutional continuity.

His consistency stands out. He does not shift with political winds, nor does he deploy influence for personal spectacle. Instead, he prioritizes structure, stability, and long-term outcomes. This approach has earned him a trusted position within Lagos’ political landscape, with credibility that cuts across different interests.

Beyond governance, Ayinde’s personality reveals a strong humanitarian dimension. Known for his quiet philanthropy, he has supported widows, orphans, and vulnerable communities over the years, often without public attention. His Ikeja residence is frequently described as an “open door,” reflecting a leadership philosophy grounded in accessibility and compassion.

This balance of firmness in leadership and empathy in human engagement, completes the architecture of his character.

In an era where leadership is often equated with visibility, Tayo Ayinde represents a different model, one defined by substance over spectacle. He is a strategist who thinks ahead, a coordinator who turns policy into reality, and a steady hand in complex systems.

His story is not one of flamboyance but of structured influence, disciplined authority, and consistent delivery. His impact is measured not by volume, but by his ability to guide outcomes, stabilize systems, and sustain governance at the highest level.

In the evolving narrative of Lagos State, Ayinde stands as a reminder that true power does not always announce itself. It operates, delivers, and endures.

~ Ayo Olusegun Writes

Continue Reading

Cover Of The Week

Trending