Minister of Petroleum, Diezani distances self from ownership of repatriated $52.8m loot

A former Minister of Petroleum Resources, Diezani Alison-Madueke has distanced herself from the ownership of $52.5m recently repatriated to Nigeria from the United States of America, USA.

The former Minister who has been in the United Kingdom, UK, since she left the shores of Nigeria claimed that the money linked to her in the media as a loot actually belonged to a Nigeria’s oil magnate, Kola Aluko.

Breaking her silence in the matter through her counsel, Prof Mike Ozekhome SAN, Mrs Alison Madueke insisted that there was nothing like “Diezani Loot”, since she had no hand whatsoever in the issues surrounding the forfeiture of the money by the owner.

Stating her position, the former minister said the $52.5m came from a vessel seized by the American government from Kola Aluko and which was later sold and proceeds returned to the federal government of Nigeria.

Her denial of ownership of the money was contained in a lengthy press statement issued on Sunday by the Chambers of Mike Ozekhome SAN and titled ” There is no such thing as Diezani Loot “.

Part of the statement read “My chambers makes this intervention in the public domain as Solicitors to Diezani Alison-Madueke (DAM) ,the former Minister of Petroleum Resources, HMPR.

“As her Solicitors, we are fully versed in and conversant with her present ordeal and the entire facts surrounding her matters both here in Nigeria and abroad. So, we write from the vantage position of one that is aware of the cocktail of lies that have been spurned around her cases in the last ten years.

“Many of the narratives are outrightly false; some others sheer outlandish speculations; and most, simply bizzare stories cooked up by her traducers to extract a Shylock’s pound of flesh from her for reasons she does not know and cannot even fathom.

“This intervention therefore seeks to correct this skewed narrative and set the records straight for purposes of history. Many Nigerians often talk about wanting ‘technocrats’ to be involved in governance. They desire that people with character and integrity should join politics.

“We agree with them. However and regrettably too, now and again and many a time, the same people not only allow, but actually join the bandwagon to mob-lynch those who chose to serve the nation.

“And we often do this insidiously, covertly and overtly, even when there is no concrete or even any iota of proof that such public officers ever abused their offices or stole from public coffers.

“It is therefore surprising and of great concern to us, to see the level of sustained vilification of an innocent Nigerian citizen who has not yet been tried and found guilty of any offence known to law by any court of law whether in Nigeria or abroad. The person at the receiving end is Citizen Diezani Alison-Madueke (DAM).

“We note with concern the recent deliberate attempt to link her with what has been described as a civil forfeiture of a yacht Galactica, the sale of which was said to have yielded $52.8m to the US government; which sum has since been repatriated to Nigeria.

‘This is a clear example of the mischievous and cruel sport of tarnishing the image of the lady through a bouquet of consistent, persistent and unrelenting cocktail of falsehoods and misinformation.

“The purveyors of this line of misinformation term it “name-and-shame”. To sell the storyline, the architects ensured they attached Diezani’s name to a recovered yacht which is not in any way linked to her.

“They now falsely termed it “Diezani loot”. Nothing of the sort ever happened. She was never involved in the purchase, use and sale of the said yacht.

“The yacht Galactica, from information readily available in the public domain and in open sources, was purchased by Mr Kola Aluko who had used the vessel until he agreed to its forfeiture to the United States of America.

“The yacht Galactica was neither owned nor ever used by our client. DAM has in fact never set her eyes on the yacht. Kola Aluko is an experienced businessman who had been in business well before DAM came into office as HMPR.

“The only tenuous basis for deliberately linking DAM to the said yacht is the false narrative that the Strategic Alliance Agreements (SAAs) which were entered into between Kola Aluko & Jide Omokore’s Atlantic Energy companies and NNPC, were allegedly corruptly awarded to the said companies by DAM. DAM was not the GMD of the NNPC as so did not and could not have awarded the said contracts.

“We plead, as her lawyers, with all and sundry that she be accorded fair hearing and that the process of these UK court proceedings be allowed to take their natural course to avoid prejudice to her in the ongoing subjudice UK proceedings against her.

”Those purveyors and peddlers who habitually spin these outrightly false, unfounded, defamatory, unintelligent and indefensible narratives to denigrate and humiliate her should please find better use of their time and leave DAM alone.

“Let the law take its natural course without interference. We humbly pray”, the statement said.

Minister of Petroleum, Diezani distances self from ownership of repatriated $52.8m loot

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    NOGASA, NARTO, PETROAN Join NUPENG Strike against Dangote

    NOGASA, NARTO, PETROAN Join NUPENG Strike against Dangote

    Emmanuel Addeh in Abuja

    The Natural Oil & Gas Suppliers Association of Nigeria (NOGASA), the Nigerian Association of Road Transport Owners (NARTO), and the Petroleum Products Retail Outlets owners Association of Nigeria (PETROAN) have announced that they will from midnight today join the strike declared by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG).

    NUPENG is currently locked in a major dispute with the Dangote Petroleum Refinery, over the company’s decision to recruit thousands of drivers for its new fleet of compressed natural gas-powered trucks under a condition it says bars them from belonging to any existing trade union.

    The union began an indefinite nationwide strike this morning, although it has yet to have much impact as its leadership is expected to meet with officials of the federal government this afternoon in negotiations to end the stalemate.

    Speaking during a joint briefing in Abuja on Monday, the National President of NOGASA, Benneth Korie, noted that given the urgency of the matter, the organisation found itself with no other choice, but to consider withdrawing its services nationwide in solidarity.

    “NOGASA acknowledges and is proud of the refinery’s role in enhancing Nigeria’s petroleum industry. However, our members have raised concerns regarding the effects of direct supply to end-users such as telecommunication sites, hotels, and construction companies etc

    “As responsible employers, we are particularly worried about the loss of supply opportunities and job losses that could jeopardise the livelihoods of those involved across the distribution value chain. In light of these concerns, we formally requested a meeting with Dangote Petroleum Refinery to address these issues. Our aim is to seek solutions that would balance the interests of all stakeholders in this sector.

    “Regrettably, we have yet to receive a response from Dangote Petroleum Refinery. We strongly believe that such a meeting is vital not only for our members but also for the interest of energy security. As suppliers of petroleum products, we remain committed to protecting our businesses while serving the nation’s interests.

    “Given the urgency of this matter, we find ourselves with no other choice but to consider withdrawing our services nationwide in solidarity with NUPENG and other stakeholders if this situation remains unresolved,” Korie added.

    Besides, Korie appealed to the President Bola Tinubu, to intervene and facilitate dialogue between NOGASA, downstream distribution stakeholders and the management of the refinery.

    “It is hereby directed that all oil and gas suppliers to all construction companies, industries, hotels and telecommunication sites nationwide should withdraw the services with effects from tomorrow September 9, 2025 pending when the matter is resolved,” Korie stressed.

    Also, NARTO has notified Nigerians of its decision to join the strike action by NUPENG, describing it as a struggle against monopolistic and anti-competition practices.

    National President of NARTO, Yusuf Othman, stated that although the organisation appreciates the injection of new trucks and other investments into the petroleum distribution value chain, it strongly and unequivocally rejects any plan for free distribution of petroleum products.

    “The Nigerian Association of Road Transport Owners (NARTO) wishes to notify all stakeholders and the general public of its firm position in support of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in the ongoing struggle against monopolistic and anti-competition practices being advanced by the Dangote Group in the downstream oil and gas sector.

    “While we recognise and appreciate the injection of new trucks and other investments into the petroleum distribution value chain, we must state categorically that NARTO strongly and unequivocally rejects any plan for free distribution of petroleum products. Such an approach is not only unsustainable but is also a deliberate attempt to undermine and eliminate the thousands of independent transporters who form the backbone of Nigeria’s petroleum distribution network.

    “At present, NARTO members collectively operate more than 30,000 trucks across the country, employing thousands of drivers, assistants, and service providers. These operations sustain millions of dependents and are supported by financial commitments from both local and international banks, as well as marketers and depot owners,” NARTO posited.

    It explained that any any attempt to eliminate the established distribution structure will lead to loss of investment, destruction of livelihoods, threaten energy security, and exploit consumers in the long run.

    Also speaking, the President of PETROAN, Billy Gillis-Harry, stated that what the Dangote refinery was about to embark on was not sustainable, stressing that it will not be in the interest of the downstream oil and gas sector in the long run.

    The post NOGASA, NARTO, PETROAN Join NUPENG Strike against Dangote appeared first on THISDAYLIVE.

    Tinubu Begins 10-day Working Vacation

    Tinubu Begins 10-day Working Vacation

    *Departs Abuja for France, UK

    Deji Elumoye in Abuja 

    President Bola Tinubu will depart the nation’s capital, Abuja on Thursday, September 4, to commence a working vacation in Europe, as part of his 2025 annual leave.

    The vacation, according to a release issued by presidential spokesperson, Bayo Onanuga, will last 10 working days.

    President Tinubu will spend the period between France and the UK and then return to Nigeria.

    The post Tinubu Begins 10-day Working Vacation appeared first on THISDAYLIVE.

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