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Israel To Begin Four-Hour ‘Pauses’ In Gaza, US Says
Israel has agreed to daily four-hour military pauses in northern Gaza for humanitarian purposes, the White House said Thursday, even as President Joe Biden said there was no chance of a full ceasefire.
Biden has been pressing Israeli Prime Minister Benjamin Netanyahu for longer breaks in the fighting after more than a month of war sparked by the October 7 attacks by Hamas.
White House National Security Council spokesman John Kirby said the pauses were “significant steps forward” as heavy fighting took hold of Gaza City in the north of the Gaza strip.
“Israel will begin to implement four-hour pauses in areas of northern Gaza each day, with an announcement to be made three hours beforehand,” Kirby told reporters.
“We’ve been told by the Israelis that there will be no military operations in these areas over the duration of the pause (and) that this process is starting today.”
The pauses would allow humanitarian aid to get into the area and allow civilians to flee the fighting, he said.
Israel had also opened up “humanitarian corridors” for the past few days that had already allowed “many thousands” of people to leave the worst-hit area of north Gaza to the south, Kirby added.
“We would like to see pauses continue for as long as humanitarian assistance is needed,” he said.
– Downplayed by Israel –
But Israeli military spokesman Richard Hecht appeared to downplay the pauses.
“It’s not a shift,” he told reporters. “These are tactical local pauses for humanitarian aid, which are limited in time and area.”
Fighting has raged since gunmen from the Islamist group Hamas poured over the Gaza border with Israel and, according to Israeli officials, killed 1,400 people and seized about 240 hostages in the worst attack in the country’s history.
Vowing to destroy Hamas, Israel retaliated with an aerial bombing and ground offensive that the health ministry in the Hamas-run Gaza Strip says has killed more than 10,800 people, many of them children.
International calls for a ceasefire have mounted, as have protests, including one at the weekend which targeted the White House. However, Biden ruled out a longer truce for now.
“None. No possibility,” Biden told reporters when asked about the chances of a ceasefire.
He said he was “still optimistic” about freeing hostages — including the fewer than 10 US citizens held in Gaza. “We’re not going to stop until we get them out.”
He later confirmed that in a call with Netanayhu that “I’ve asked for a pause longer than three days”. When asked if he was frustrated with Netanyahu, he said, “it’s taken a little longer than I hoped.”
The United States has firmly stood by key ally Israel since the attacks, saying that Hamas cannot be allowed to remain in control of Gaza.
But Washington has also been publicly calling on the Israeli military to obey the “laws of war” and avoid civilian casualties, while privately pushing Israel to scale back its offensive and to develop a plan for what comes next.
Biden visited Israel in October in a show of support. During the trip he announced that Egypt had agreed to open the Rafah crossing into southern Gaza to let aid trucks in.
Israel has pressed on with its offensive and has encircled northern Gaza in recent days. It said Thursday it had fought a 10-hour battle that toppled one of the Palestinian militants’ strongholds.
Biden has also warned Iran and its ally Hezbollah against widening the conflict, but repeated attacks on US forces by Tehran’s proxies in recent weeks have raised tensions.
Asked why US warplanes had carried out fresh strikes on an Iran-linked weapons facility in eastern Syria on Wednesday, Biden said “because they struck us” and said US forces would strike again “if we have to.”
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Port Harcourt Refinery Begins Crude Oil Processing
The Port Harcourt Refining Company (PHRC) Ltd in Rivers State has officially commenced crude oil processing, marking a significant milestone in Nigeria’s energy sector.
This development was announced on Tuesday by Femi Soneye, the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL).
“Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation,” Soneye stated.
He lauded President Bola Ahmed Tinubu, the NNPC Board, and the Group Chief Executive Officer (GCEO) Mele Kyari for their dedication to the project.
“Hearty congratulations to President Bola Ahmed Tinubu, the NNPC Board, and the exceptional leadership of GCEO Mele Kyari for their unwavering commitment to this transformative project. Together, we are reshaping Nigeria’s energy future!”
Truck loading operations at the refinery are also set to begin immediately, Soneye added, while affirming that the NNPCL is working diligently to restore operations at the Warri Refinery in the near future.
End of a Series of Delays
This marks the end of a long series of missed deadlines for the refinery, located in Nigeria’s oil-rich Rivers State. Upon assuming office in August 2023, Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, promised that the refinery would begin operations by September 2023.
However, this deadline was postponed to December 2023 and subsequently to April 2024.
Earlier this year, GCEO Mele Kyari reiterated NNPCL’s commitment to enhancing the nation’s refining capacity.
During an inspection of the PHRC in August 2024, Kyari stated, “We are focused on delivering this rehabilitation project, our two other refineries, and all other investments towards revamping the nation’s refining capacity. We are hopeful that in 2024, this country will be a net exporter of petroleum products.”
The Federal Government had approved $1.5 billion for the refinery’s rehabilitation in 2021. The facility, one of Nigeria’s largest, had been out of operation since 2019.
Boosting Domestic Refining Capacity
Nigeria, one of the world’s largest producers of crude oil, has long struggled with limited refining capacity, relying heavily on imports to meet domestic demand. This reliance has led to costly crude-for-fuel swaps and subsidies that drained foreign reserves.
The launch of the Port Harcourt Refinery follows the commissioning of the Dangote Petroleum Refinery earlier in 2024. The privately-owned refinery began producing petrol, diesel, and aviation fuel, providing a significant boost to Nigeria’s domestic refining capacity.
“These milestones,” Soneye said, “are expected to cushion the impacts of the removal of fuel subsidies, which had driven the price of petrol from N200 to over N1,000 per litre.”
Nigerians are hopeful that with both the Port Harcourt and Dangote refineries now operational, the nation’s energy sector will achieve greater stability, reduce dependency on imports, and lower the cost of petroleum products.
News
Alleged $285,006 Bond Fraud: Company Drags Ecobank to EFCC
Moriah Trust Limited and its alter ego, Mr. David Nwedu, have petitioned the Economic and Financial Crimes Commission (EFCC) to investigate alleged fraudulent activities by Ecobank Nigeria Plc involving a $285,006 Advance Payment Guarantee (APG) Bond.
The petition also seeks accountability for bank officials allegedly complicit in these transactions.
The petition, titled “Criminal Complaint Against Ecobank Nigeria Plc on an Attempt to Defraud Moriah Trust Limited of an Advance Payment Guarantee Bond No G 00613 for $285,006,” was dated November 13, 2023, and filed with the EFCC on January 26, 2024. It was signed by Olabanji A. Eniola Esq. of Umar, Gimba & Associates, solicitors to the petitioner.
The document sighted by TheNiche, reveals that Moriah Trust Limited, a customer of Ecobank Nigeria Plc, operates a domiciliary account (No. 2230509622). In 2005, while executing the “Abidjan Lagos Transport Corridor” project, Mr. Nwedu, on behalf of Moriah Trust, requested a 20% APG of the contract sum of $1,425,032.70. Ecobank approved the request, crediting $285,006 to the account.
Ex- Bankers Arrested for Allegedly Stealing Deceased Customer’s Funds
However, the petition states that the International Development Association (IDA), the project’s awarding body, had earlier advanced $70,000 to the petitioner. As a result, only $215,006 of the APG remained payable. On November 14, 2005, the IDA transferred $214,996 to Ecobank on behalf of Moriah Trust Limited, deducting $10 as bank transfer charges. This amount was purportedly warehoused by Ecobank pending the discharge of the APG.
On January 5, 2006, Mr. Nwedu fulfilled his contractual obligations and returned the APG document to Ecobank for discharge.
Surprisingly, instead of crediting the warehoused $214,996, Ecobank allegedly credited the domiciliary account with $20,060,118 on January 18, 2006, an amount grossly in excess of the expected sum.
The petition claims that Mr. Nwedu immediately notified Ecobank of the error. The bank reportedly responded that it had erroneously credited the naira equivalent of the warehoused funds to the domiciliary account. Following this, Ecobank allegedly deactivated the account without informing or obtaining the consent of Moriah Trust Limited, leaving the erroneous credit balance intact.
Efforts to resolve the issue proved futile. In 2008, Mr. Nwedu deposited $17,000 to reactivate the account and reconcile the statements, but the bank allegedly failed to act. A further deposit of $3,000 in 2009 also did not yield any results, as Ecobank reportedly continued to deny the petitioner access to the account.
The situation has caused significant challenges for Mr. Nwedu. Since 2019, the IDA has demanded a project closure report, which he has been unable to provide due to his restricted access to the account. This has reportedly led to allegations of fiduciary breaches against him, causing irreparable damage to his reputation.
The petition accuses Ecobank Nigeria Plc of deliberately withholding access to the account, raising suspicions of fraudulent activity involving the APG funds. It urges the EFCC to investigate the matter thoroughly, identify any officials involved, and ensure justice is served.
“The actions of Ecobank Nigeria Plc constitute an attempt to defraud Moriah Trust Limited of its hard-earned funds,” the petition reads, adding that the EFCC chairman should intervene to uncover any illegal transactions and protect the petitioner’s financial interests.
News
NAF Pharmacist Shines at 97th PSN Conference, Bags Three Prestigious Awards
Air Commodore David Olumuyiwa Babalola, a consultant clinical pharmacist in the Nigerian Air Force (NAF), has achieved an extraordinary milestone in Nigerian pharmacy practice, earning three prestigious honors at the 97th Annual National Conference of the Pharmaceutical Society of Nigeria (PSN).
Held from November 4 to 9, 2024, the conference celebrated Babalola’s exceptional contributions with the Biogenerics Integrity Award, the Pfizer Excellence Award, and the Fellowship of the Pharmaceutical Society of Nigeria (FPSN).
Babalola was recognized as the best overall public-sector hospital pharmacist in Nigeria, clinching the Biogenerics Integrity Award. This esteemed honor, accompanied by a ₦1,000,000 cash prize, celebrates excellence in patient care, career achievements, innovations, training, research, professional service, philanthropy, and leadership in public hospitals.
Adding to his accolades, he was one of four pharmacists nationwide to receive the Pfizer Excellence Award. This award highlights outstanding contributions to hospital and community pharmacy and includes a ₦250,000 cash prize, a commemorative plaque, and a certificate.
Representatives of Pfizer Nigeria presented the award during the conference’s grand closing banquet at Flairmore Event Centre, Uyo.
This achievement makes history as Babalola becomes the first pharmacist in the Nigerian Armed Forces to win a PSN-sponsored corporate award since its inception nearly two decades ago.
In his acceptance speech, Babalola expressed gratitude to Biogenerics Nigeria Ltd and Pfizer Nigeria for their sponsorship, which he said inspires excellence in hospital pharmacy practice.
He also acknowledged the Chief of the Air Staff, Air Marshal HB Abubakar, for fostering an enabling environment for pharmacists within the NAF and for approving the implementation of the Pharmacists Consultant Cadre in the force.
Babalola’s accolades were further crowned by his conferment with the Fellowship of the Pharmaceutical Society of Nigeria (FPSN), the highest honor awarded to pharmacists in the country. This recognition, reserved for individuals who have rendered exemplary and meritorious service, solidifies Babalola’s status as a trailblazer in the field.
As the first pharmacist in the Nigerian Air Force to attain the rank of air commodore, Babalola’s career is marked by groundbreaking achievements.
His latest recognitions underscore his relentless commitment to advancing pharmacy practice in Nigeria and inspiring a new generation of pharmacists.
The investiture ceremony for his FPSN honor is slated for early 2025, promising yet another celebration of his outstanding contributions to the pharmacy profession and the Nigerian Armed Forces.
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