Headline
How FG saved N400bn in 30 days after fuel subsidy removal

Operators within the downstream oil and gas sector have said the federal government has raked in N400 billion due to fuel subsidy removal in the last 30 days.
On Friday, Chinedu Okonkwo, National President of the Independent Petroleum Marketers Association of Nigeria, disclosed this in an interview with DAILY POST.
Recall that in a meeting with oil and gas operators in February, Mele Kyari, the Group Chief Executive Officer of Nigerian National Petroleum Corporation Limited, NNPCL, had stated that the country spends N400 billion monthly on fuel subsidies.
Speaking on the state of the sector owing to the removal of the subsidy and changes in the country’s foreign exchange market, Okonkwo said that the deregulation has a long time impact.
According to him, the development would either lead to an increase in fuel price or a decrease depending on the market-determined price of forex.
He added that the impact on the masses would gradually decrease by introducing Compressed Natural Gas, CNG, into the sector.
“You know how much the government is spending monthly on fuel subsidies payment, but that expenditure to the tune of dollars or Naira will be saved.
“The government has indeed reduced spending on fuel subsidies, though the thing is biting, so we have drafted an alternative in Compressed Natural Gas, CNG,” he said.
Headline
Navy disowns list of successful candidate for Batch 35 recruitment

The Nigerian Navy (NN) has disowned the purported list of successful candidate for its Basic Training School (NNBTS) Batch 35 Recruitment, saying it is fake.
Commodore Adedotun Ayo-Vaughan, the Director of Naval Information, said this in a statement in Abuja.
Ayo-Vaughan said the exercise was conducted in three centres across the country, namely; Lagos, Rivers and Kaduna States.
He described the information, being circulated recently as fake, and handiwork of fraudulent miscreants who were trying to dupe some unsuspecting applicants.
He said the list of successful candidates had not been released and that no form of invitation for training, via text message had also been disseminated by the Nigerian Navy.
‘’The alarming rate of circulation of fake information by unscrupulous individuals, regarding enlistment or recruitment into Navy is quite worrisome.
‘’Efforts are on to track and arrest the miscreants.
“Members of the public especially prospecting applicants who participated in the said recruitment are strongly enjoined to always authenticate information from the NN official website, https://www.navy.mil.ng, and other official social media handles, as well as other credible mainstream media platforms.
“Similarly, miscreants and mischief makers are warned to desist from this unwholesome practice, otherwise they will face the full wrath of the law,” he said.
Ayo-Vaughan said the text message, had invited unsuspecting applicants to report for military training at NNBTS Onne, Rivers, following their purported selection.
He said the criminals further claimed in the text message that the exercise would commence on Oct. 6.
Headline
Gov. Alia condemns kidnapping of commissioner, one other

Gov. Hyacinth Alia has strongly condemned the kidnaping of Mr. Matthew Abo, his Commissioner for Information, culture and Tourism, and former Chairman Ukum Local Government Area (LGA), Mr. Iorwashima Erukaa.
This is contained in a press statement on Monday, signed by his Chief Press Secretary (CPS), Sir Tersoo Kula, and made available to the News Agency of Nigeria (NAN) in Makurdi.
According to the statement, while Mr Abo was kidnapped by unknown gunmen in his Sankara home at about 8pm on Sunday, September 24, Mr. Erukaa was taken away by a yet-to-be identified gunmen on Saturday, September 23.
The Governor, who described the act as barbaric and unacceptable, has directed security agencies to immediately commence operations to ensure the safe release of the duo.
He called on the people of the State to remain calm, as his administration would do everything possible to make the State safe for all.
“The kidnappers have made contacts with the family of Mr Erukaa but are yet to contact Mr Abo’s family,” the statement stated
Several gunmen had stormed the the commissioner’s residence in Zaki-Biam, Ukum LGA and kidnapped him.
Eyewitnesses who spoke to NAN, said that the kidnappers who came on four motorcycles, ordered everyone in the house, including the his wife and children, to lie face down and took him away to an unknown destination.
The witnesses said the abductors compelled the commissioner at gun point to sit behind the rider of one of the motorcycles while a gunman sandwitched him.
Mr Abo was sworn in as a member of the Benue State Executive Council on August 29.
He hails from Ukum Local Government Area of Sankera axis, a major flashpoint of criminal activities with rampant killings and kidnappings for years now.
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