Business
I Was Paid N800,000 By A Foreign NGO To Run Down Dangote Refinery – David Hundeyin
Social media critic, David Hundeyin, has revealed that he was offered N800,000 by a foreign Non-Governmental Organisation, Dialogue Earth, formerly known as China Dialogue Trust, to write a damaging article on Dangote Refinery and Petrochemical Company.
Hundeyin, who is not a fan of the Founder of the refinery, Aliko Dangote, revealed this in a detailed write up on Saturday.
He said in a post he shared on his X handle: “I debated long and hard whether to do this publicly, but I think a message needs to be sent to a group of external interests working in tandem with the internal interests described in the quoted tweet to counteract the interests of half a billion West Africans. A message that at whatever level we exist, we take our destiny seriously and we are not to be trifled with.
“Last week, I received an N800,000 offer from an international NGO called Dialogue Earth (formerly known as China Dialogue Trust) to write an article essentially saying that Dangote Refinery is terrible for the environment because something something ‘Environmental Concerns,’ something something ‘Climate Change,’ something something ‘Energy Transition Policy,’ something something ‘COP 28.’
“The (unstated but clearly implied) thrust of the brief was for a prominent local voice to put their name on an article that is an argument or a premise for the Nigerian government to kill the refinery based on its ‘energy transition commitments’ and ‘environmental policy.’ This conclusion wasn’t immediately apparent when they reached out to me, but I suspected where it was heading, and I quickly accepted the offer so that I could see the brief and obtain hard evidence. I’ve attached screenshots from the brief below.
“Basically, this London-based NGO is headed by Sam Geall, an Oxford professor and is funded by several American intelligence fronts such as Ford Foundation and ClimateWorks (which is blacklisted in India for funding organisations working against India’s national interest). For whatever reason, it is now quietly mobilising a resistance campaign against what it describes as ‘Nigeria’s first refinery.’ Apparently, the status quo of Africa’s largest oil producer having no functioning oil refinery to beneficiate its own oil was not a problem for Dialogue Earth and the American CIA fronts who fund it.
“The human poverty caused by exporting this raw material and importing refined fuel was not bad for the environment. Also, the fact of European refiners regularly blending West African fuel cargoes with toxic waste and sulphur content 200 times the European legal limit (leading to asthma, bronchitis and eye infections in West Africa) was also not bad for the environment. But Nigeria having a refinery that will wean West Africa off import dependency on those European refiners (and allow West Africa control the sulphur content of its own fuels) is where Dialogue Earth and its funders draw the line. That one is bad for the environment, and David Hundeyin should write an article calling for the refinery to be shut down or limited.
“The human poverty caused by exporting this raw material and importing refined fuel was not bad for the environment. Also, the fact of European refiners regularly blending West African fuel cargoes with toxic waste and sulphur content 200 times the European legal limit (leading to asthma, bronchitis and eye infections in West Africa) was also not bad for the environment. But Nigeria having a refinery that will wean West Africa off import dependency on those European refiners (and allow West Africa control the sulphur content of its own fuels) is where Dialogue Earth and its funders draw the line. That one is bad for the environment, and David Hundeyin should write an article calling for the refinery to be shut down or limited.
“I’m putting this out there publicly so that nobody will henceforth use the term ‘conspiracy theory’ when it is pointed out for the umpteenth time, that there are American and European state and private interests that are heavily invested in keeping Africa exactly as poor as it is, and that they regularly push levers most of us do not even know exist, to make sure that this status quo is protected. These people believe that Africans should not exist or have nice things in this world. Apparently, the sole purpose of our existence is to enhance their experience of the planet and all that it has to offer.
“It is because of them that I have to make a public spectacle out of this, even though I know that doing this is probably going to cost someone their job. The message needs to be passed that as poor as we are, you cannot convince us to campaign for the elongation of our own poverty by commissioning $500 hack jobs in the hope that we will be greedy enough to only see the money and ignore the bigger picture of what we can clearly see you trying to do.
“I will reiterate something I have said multiple times – I am not a believer in the religious faith called Climate Change/Saving The Environment. I care exactly as much about the environment as do the rich white men who destroyed it to begin with. I firmly believe that if what it takes for Africa to industrialise is for it to burn so much fossil fuel that snow stops falling in Wisconsin and it starts raining concentrated sulphuric acid in Doncaster, it is not too big a price for Europe and North America to pay – it is certainly not bigger than the price Africa had to pay for Europe and North America to develop.
“It is and will continue to be 100% OUR prerogative to determine what to do with our hydrocarbons. It is not the rich white men hiding behind these ‘Climate Advocacy NGOs’ who will tell us what to do with our energy reserves, and by what means we are allowed to escape the poverty that they engineered for us.
“I might not be a fan of Aliko Dangote or his monopolistic business practices – as is well known – but I’m also smart enough to know when rich white men in DC, Houston, Rotterdam and London and trying to use me as a marionette in their 400 year-old coloniser games. If you are reading this and you are one of the rich white men whose economic interests are threatened by Nigeria refining its own oil, you should come out and fight Aliko Dangote by yourself.
“Or at least go find a much stupider African to do your dirty job – there’s plenty of those.
“It will never be me.”
Business
CBN Releases New Age Limit, Guidelines On BVN Operation.
The Central Bank of Nigeria (CBN), has declared that banks and financial institutions must establish and maintain a temporary watch-list for Bank Verification Numbers (BVN) implicated in suspected fraudulent transactions.
According to the CBN in a circular dated March 12, 2026 and signed by its Director of Payments System Policy Department, Musa I. Jimoh, the apex bank said such a suspected BVN may remain on the temporary watchlist for a maximum period of twenty-four (24) hours during which the owner would be contacted to make clarifications.
The circular explained that the move is part of several new measures under a revised regulatory framework aimed at enhancing financial system stability.
“A BVN may remain on this temporary Watchlist for a maximum period of twenty-four (24) hours, during this period, the BVN owner shall be contacted to provide clarification regarding the identified transaction(s),” the circular stated.
The circular also sets an age requirement for BVN enrolment, restricting registration to individuals who have attained eighteen (18) years and above.
The CBN also added that amendments to phone numbers linked to a BVN shall be allowed only once.
“Amendments to phone numbers linked to a BVN shall be allowed only once,” the circular noted.
The apex bank stated that access to BVN databases will remain tightly controlled.
“Access to the BVN databases shall be exclusively granted to Central Bank of Nigeria (CBN) licensed financial institutions.
“Notwithstanding this provision, the Central Bank of Nigeria (the Bank) reserves the right to approve access to the BVN databases in extenuating circumstances and in accordance with the provisions of extant laws,” the circular said.
Financial institutions are expected to comply with the new requirements, and customers may be contacted by their banks if their BVNs are temporarily flagged during the new fraud monitoring process.
The new policy, as stated by the CBN, takes effect from May 1, 2026.
Business
NNPC Reduces Fuel Price
NNPC Reduces Fuel Price
The Nigerian National Petroleum Company Limited has reduced the pump price of Premium Motor Spirit, also known as petrol, at its retail stations in Lagos and Abuja.
The adjustment took effect on Wednesday as the national oil company reduced the price to N1,130 per litre in Lagos and N1,165 per litre in Abuja.
The new price means motorists in Lagos are now paying N100 less than the previous pump price of N1,230 per litre.
In Abuja, the new rate represents a reduction of N95 from the former price of N1,260 per litre.
Checks showed that the new price was already in place at several NNPC filling stations in Lagos, including outlets located along Isheri Oshun Road, Apple Junction and Ago Palace Way.
The same adjustment was also recorded in the Federal Capital Territory, where NNPC stations in areas such as Jabi and Wuse began selling petrol at N1,165 per litre.
The reduction comes at a time when many private oil marketers have not yet adjusted their pump prices to match the recent drop in the gantry price announced by the Dangote Petroleum Refinery.
Dangote Refinery had earlier lowered its gantry price for petrol by N100 per litre, bringing it down to N1,075 per litre.
The change followed a fall in international crude oil prices.
Global oil prices had earlier risen sharply due to tensions in the Middle East involving the United States, Iran and Israel.
The crisis raised fears of possible disruption to oil supply, especially around the Strait of Hormuz, an important route for global crude shipments.
Prices later began to fall after the President of the United States, Donald Trump, indicated that the conflict might end soon.
Business
INNOCHRIS FOUNDER SIR INNOCENT ONUOHA DIES AT 71
Grief has swept through the business and faith communities following the passing of Sir Innocent Chinedu Onuoha, the respected entrepreneur and Executive Chairman of InnoChris Group. He died peacefully in his sleep on December 11, 2025, at his home in Lagos. He was 71.
Born in 1954 in Umuoma Umuaro II Autonomous Community, Isiala Mbano Local Government Area of Imo State, Onuoha grew to become a symbol of enterprise, generosity, and unwavering faith. A devoted member and evangelist in the Anglican Communion, he lived a life that blended business success with service to God and humanity.
Long before many came to know his vast business interests, the name Innochris had already echoed in popular culture. In the 1990s, legendary Ogene music maestro Oliver De Coque famously chanted “Ugbo ndi oma Innochris eh!” in one of his songs — a line that celebrated the Onuoha brothers and helped make Sir Innocent Onuoha and his brother Christian Onugha widely known during that era.
Onuoha’s entrepreneurial journey began after years of professional experience working as secretary to a former Chief Engineer at Flour Mills of Nigeria. With determination and vision, he went on to establish InnoChris Group, a conglomerate that grew to include InnoChris Transport, InnoChris Computers, and InnoChris Spare Parts, serving customers across Nigeria.
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