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Mele Kyari to be sent packing November ending:  Sack letter Already with SGF:  Presidency Source LeadingReporters
Headlines

External auditors to examine NNPC N2.6tn subsidy claim

by Folarin Kehinde August 28, 2024
written by Folarin Kehinde

The Federal Government has finally initiated plans to enlist the services of an external auditor to verify the N2.7tn fuel subsidy claim by the Nigerian National Petroleum Company Limited against the government, The PUNCH reports.

The yet-to-be-named auditor will assist the Office of the Auditor-General of the Federation in determining the real amount owed by the government.

This development comes five months after the plan was proposed at the monthly Federation Allocation Accounts Committee meeting in April 2024.

NNPC claimed an outstanding of N6tn but was reduced to N2.7tn after an initial audit by an audit firm, KPMG.

The PUNCH had reported that the audit would span from 2015 to 2021.

Although the Director of Home Finance at the Ministry of Finance, Ali Mohammed, has always provided updates at every FAAC meeting, the latest development for an external auditor indicates that no concrete step has been taken to audit the claim.

On May 30, 2023, a few hours after the “subsidy is gone” declaration by President Bola Tinubu, the NNPC Group Chief Executive Officer, Mele Kyari, told State House correspondents that the Federal Government still owed the firm the sum of N2.8tn spent on petrol subsidy.

While saying the NNPC footed petrol subsidy bills from its cash flow, Kyari said the government had so far been unable to pay back the N2.8tn.

He said, “Since the provision of the N6tn in 2022 and N3.7tn in 2023, we have not received any payment from the Federation.

“That means they (the Federal Government) are unable to pay and we’ve continued to support this subsidy from the cash flow of the NNPC. We are waiting for them to settle up to N2.8tn of NNPC’s cash flow from the subsidy regime and we can’t continue to build this.”

A copy of the minutes of the recent FAAC meeting obtained by our correspondent on Tuesday in Abuja revealed that a selection process for an external auditor by the procurement department of the finance ministry has begun.

The minute read, “On the forensic audit covering the period 2015 to 2021 to Authenticate NNPC/Federation Claims in Respect of N2.7tn withheld by NNPC Limited:

“The Director of Home Finance reported that the Office of the Auditor-General of the Federation was still working on the matter, adding that the Procurement Department of the Ministry had also put structures in place for the engagement of an external auditor, who would assist OAuGF to carry out the assignment.”

Commenting on the issue, the Chairman of Commissioners’ Forum/HCF, Ekiti State, suggested the need to extend the period of the audit review to December 2023, considering that the exercise was yet to commence.

August 28, 2024 0 comments
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Suleman
Headlines

Church is Not Your Problem, Face Your Bad Leaders – Apostle Suleman

by Nelson Ugwuagbo August 27, 2024
written by Nelson Ugwuagbo

Pastor Johnson Suleman, senior pastor and general overseer of Omega Fire Ministries International, has urged Nigerians to focus on addressing bad leadership and lawlessness in the country, rather than blaming religion or the church.

In a video shared on social media, Suleman emphasized that the church is not the problem and that Nigerians should stop the hate against the church and ‘men of God’.

He noted that many countries more religious than Nigeria are developing rapidly due to good leadership and a lack of lawlessness, highlighting the importance of ensuring law and order in the country.

Suleman believes that the church is under attack as part of a broader trend, with selective outrage directed specifically at Christianity, while other religions or traditional practices are overlooked.

He argued that the root of Nigeria’s problems lies in bad leadership and lawlessness, not religion, and that people who have left the church should be indifferent rather than channeling their energy into hating the church.

Suleman acknowledged that while there are fake pastors, there are also many sincere men of God, and that critics often highlight flaws within the church while overlooking the good.

He urged Nigerians to shift their focus away from anger towards the church, stating that constant attacks won’t solve anything and may even cause health problems.

Suleman concluded that the church will continue to thrive despite individual opinions and that it’s more constructive to change mindsets and focus on solutions that benefit the country.

August 27, 2024 0 comments
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Farmers
Headlines

We Want Buhari Back, Farmers Association President Cries

by Nelson Ugwuagbo August 27, 2024
written by Nelson Ugwuagbo

Kabir Ibrahim, President of All Farmers Association, has expressed concern that Nigerian farmers can no longer afford fertilizers due to their high cost.

Ibrahim attributed the affordability of fertilizers during former President Muhammadu Buhari’s tenure (2017-2020) to the Presidential Farmers Initiative (PFI), which made fertilizers widely available at a cheap rate of ₦5,500.

He noted that after the pandemic, an additional subsidy of ₦500 was introduced, reducing the price to ₦5,000, making it even more accessible to farmers.

However, since 2021, the situation has changed, and farmers can no longer afford fertilizers due to the high cost, which Ibrahim blamed on the decline in the value of the naira and the subsequent increase in import costs.

Ibrahim explained that the country had a pact with Morocco to import fertilizers at a reasonable price, but since then, imports have been sourced from other places at prevailing market rates, leading to higher costs.

He also highlighted the impact of flooding on farmers, which washes away the little fertilizer they can afford, and appealed to the federal government to restore the fertilizer subsidy to make it affordable for farmers.

Ibrahim emphasized that affordable fertilizers are crucial for cheap food production, and farmers should be able to buy fertilizers at cheap rates like in 2017.

He concluded by stressing that the high cost of inputs like fertilizers, insecticides, and labor is affecting farmers’ ability to recoup their investments, leading to increased prices for consumers.

August 27, 2024 0 comments
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Army Chief
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“We Will Not Overthrow Tinubu’s Govt” – Army Chief

by Nelson Ugwuagbo August 27, 2024
written by Nelson Ugwuagbo

The Chief of Army Staff, Lt. Gen Taoreed Lagbaja, has reaffirmed the military’s commitment to democracy, stating that it will not succumb to calls for the overthrow of President Bola Tinubu’s government.

Lagbaja made this declaration at the opening ceremony of the COAS Combined 2nd and 3rd Quarters Conference in Uyo, Akwa Ibom State, on Tuesday. He attributed the calls for military intervention to young Nigerians who did not experience the era of Nigeria’s extensive military rule.

The Nigerian Army has built a new prestige over the past 25 years by allowing safe democratic rule, Lagbaja said. He emphasized that the Army will not allow itself to be used to undemocratically bring certain interests to power.

Lagbaja highlighted the government’s support for the military, citing the recent purchase of two Bell UH-1 Huey helicopters equipped with advanced sensors and enablers. He also mentioned the welfare of widows and family members of fallen heroes, which remains on course.

The Army Chief addressed the recent nationwide hunger protest, stating that it was an eye-opener that food and social security issues can snowball into physical security challenges. He pledged the Army’s resolve to review its agricultural policy and provide security cover for farmers in critical farming communities.

Lagbaja revealed that the Nigerian Army has acquired other combat enablers, such as Mine-Resistant Ambush Protected Vehicles, rifles, and ammunition, to strengthen operations and security across the country.

August 27, 2024 0 comments
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Headlines

FG working on fixing infrastructure across power sector value — Power Minister

by Folarin Kehinde August 27, 2024
written by Folarin Kehinde

Calls On Youths’ Support For administration’s Policies And Programmes

Nigerian youths have been called upon to support the policies and programmes of the President Bola Ahmed Tinubu-led administration as the reforms and transformation being undertaken by the government are designed to make life more meaningful for Nigerians.
Minister of Power, Chief Adebayo Adelabu, particularly charged the youths of the ruling All Progressives Congress (APC) to rise up in defence of the government at all times as the party owns the government of the day.

The Minister spoke on Monday, when he received the National Youth Leader of the APC, Dr. Dayo Israel, who visited him in his office in Abuja, to brief him on the proposed Youth Summit of the party that will hold from September 3-5 in Abuja.

The Minister took time to brief the Youth Leader, who was accompanied by a few others, about the policies and programmes of the government and used the opportunity to educate them about what President Tinubu is doing to get the country out of its present predicament.

According to the Minister, Nigeria has suffered from bad governance over the years and efforts to change that narrative will certainly not be an easy one, but it must be done, in order for Nigeria to advance in development like other developed nations of the world.

“It is unfortunate that Nigeria has experienced bad governance over the years. Nigeria has gradually gone down, and the efforts being made by President Tinubu is the right way for us to get out of these challenges.

“Parts of the complain is that cost of governance is high . But our constitution provides for a bicameral legislature with 109 Senators and 360 House of Representatives members. This is very expensive for the country to run and President Tinubu can not with a pronouncement, put a stop to this. If there would be changes, it must come with constitutional amendment”.

He explains further: “ the Constitution mandates the President to appoint a minister from each of the 36 states of the federation and the FCT. It also mandates the President to appoint a minister from each of the six geo-political zones of the country. If the President refuses to do this, there will be protests that he has marginalised a state or zone.

“So, when we had the recent protests by youths on ‘endbadgovernance’, the youths should try to understand that the Constitution we have makes governance expensive in Nigeria. So, this constitutional issue must be addressed so as to curb wastages in government business.

The President cannot just wake up and make pronouncements on these fundamental constitutional provisions”, the minister said.

He called the youths to support the efforts of President Tinubu in ensuring that past mistakes are corrected through ongoing reforms and policies.

“Reforms and transformations that will usher Nigeria to prosperity will not come with ease, considering the level of the rot in the system. We must endure and understand with the government. This government is changing the narratives and is determined to leave a better Nigeria to all of us.

“As youths of the party, you must rise to the occasion of defending the government, defend the position of government because the party owns the government of the day.

“The President believes so much in the youths and that is why you can see that his cabinet is dominated by the youths. You can also see that many of the appointments he is making are youth-based.

“The policies and programmes of the government, particularly the removal of the petrol subsidy has increased allocations to state governments through the governors, so as youths of the party, you also owe it a duty to inform the youths protesting that the governors of their states are receiving double and in some cases triple of the allocations they used to receive”, he said.

He also outlined the measures that he has taken to transform the power ministry in the one year that he resumed. He said President Tinubu has provided the needed support to make sure the power sector gets back the confidence of Nigerians, once again.

“President Tinubu wants to use the power sector to drive the reforms in other sectors of the economy. If you recall in his speech to Nigerians on January 1, he spoke extensively about that sector. Power is one of the sensitive campaign promises he made to Nigerians and he is determined to fulfil that promise.

The sector was almost jinxed before we came in but thank God that confidence is coming back now to the sector from the general public.

“Within one year that we came into office, we have been able to increase power generation from 4, 000 megawatts to 5,155 and have a target to move it to 6,000 megawatts by December this year. We are also working on fixing the infrastructure across the power sector value chain”, the Minister said.

He also disclosed that some of the institutions that cannot cope with the high cost of electricity such as the universities, teaching hospitals and small businesses, will enjoy the renewable energy initiative being driven by the Rural Electrification Agency (REA).

Speaking earlier, the National Youth Leader commended the Minister for the noticeable improvement in the supply of electricity to businesses and households in the country. He also invited the Minister to speak at the Ministerial town hall meeting at the Progressives Young leaders summit holding from September 3-5, 22024.The Youth leader said the summit was to give Nigerian youths the opportunity to contribute their voices to shaping the country in line with the renewed hope agenda of the administration.

August 27, 2024 0 comments
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Nnamdi Kanu
Headlines

IGBO Elders Demand Unconditional Release of Nnamdi Kanu

by Nelson Ugwuagbo August 27, 2024
written by Nelson Ugwuagbo

The United Igbo Elders Council (UNIEC) has called on the Federal Government to unconditionally release the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, along with all political prisoners.

The elders also demanded an immediate end to unlawful arrests, detentions, and extrajudicial killings across the country, as well as the lifting of economic blockades against Eastern Nigeria.

The group’s demands were conveyed in a statement released on Saturday by Prof. Obasi Igwe, Director of Media and Publicity, and Alpha Justice, Coordinator-General of UNIEC.

The statement emphasized the need for peace and stability through restructuring, regionalism, and a referendum, urging the government to adopt these measures as a foundation for meaningful development in Nigeria.

The elders also stressed the importance of reopening the Eastern ports to stimulate economic growth and development in the region and beyond.

It read: “It is an indisputable fact that by mid-2015, there was not a single insurgency or war to overthrow the Federal Government or procure a Biafra anywhere in Igbo society and none today, except the one manufactured by a tyrant that made sure that such a war existed, with shoot-to-kill or shoot-at-sight orders openly issued against promising innocent youngsters in full view of all the world, in part to punish the Igbo for their sundry sins.

We, therefore, demand for the unconditional release of all political prisoners, including the leader of the Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu, and his colleagues, with an immediate end to all manner of unlawful, hooded, night and secret arrests, detentions and extrajudicial killings.

August 27, 2024 0 comments
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Pump price
Headlines

FG Threatens To Shut Down Fueling Stations Selling Above Approved Price

by Nelson Ugwuagbo August 27, 2024
written by Nelson Ugwuagbo

The Federal Government has vowed to shut down defying fueling stations who continue to sell fuel at pump price of N900-N1,000/litre, citing illegal profiteering and exploitation of Nigerians.

Despite the Nigerian National Petroleum Company’s (NNPC) efforts to stabilize fuel prices within the range of N568-N617 per litre, independent oil marketers have unilaterally increased prices to between N900-N1,000 per litre.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) claims that private depot owners are selling petrol to independent marketers at exorbitant rates, leading to high pump prices.

Spokesperson of the NMDPRA, George Ene-Ita, said the petrol price reports that the regulator gets from its officials at the depots were different.

“Our depot people see a different price because we ask them to publish the prices at the depots every day and it is not N850/litre. Our field agents at the depots give us a different figure,” he said.

Responding to reports of independent marketers in Lagos and other states selling petrol at exorbitant prices of N900 to N1,000 per litre, Ene-Ita, said the NMDPRA will take action against such outlets.

“We will shut down any filling station found selling above the approved price if we catch them,” he stated. “NNPC sets the ex-depot price for off-takers, and we work together to determine the margins. There’s no justification for prices to be that high.”

However, independent marketers argue that they are forced to buy petrol at high prices due to low supply from NNPC.

According to the marketers, the subsidized rate of around N570/litre is only available to major marketers. As a result, they then sell petrol to consumers at higher prices, ranging from N850 to N900 per litre, and up to N1,000 per litre in some remote areas.

“That is why no marketer is complaining of low margins again. This is the time for them to make money. The only issue is that getting the ptakect is not that easy,” a source told The PUNCH.

“The price is high because the supply is low. It is a matter of demand and supply. The price will continue to be up, at least for now. It Is an opportunity for the filling stations to add to their margins. This is an abnormal situation. Normalcy is restored, and the regulatory authority can monitor. Can the regulator monitor anybody now?

“Imagine when you pay about N30m to NNPC to order petrol and it takes about one month to get the product. Assuming you take N30m from a bank with this interest rate, is that not a problem?’ a marketer stated.

August 27, 2024 0 comments
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NUT
Headlines

Nigerian Teachers Union Condemn FG’s 18 Year Policy for WAEC, NECO

by Nelson Ugwuagbo August 27, 2024
written by Nelson Ugwuagbo

The Nigerian Union of Teachers (NUT) has criticized the federal government’s new age policy for secondary school leaving examinations.

Recall that the Minister of Education, Prof. Tahir Mamman, announced on Monday that students below 18 years old would not be allowed to write the West African Senior School Certificate Examination (WASSE) and the National Examination Council (NECO) exams.

However, NUT argued that this policy is outdated, considering economic realities force parents to send their children to school early, exposing them to early learning.

The Secretary-General of NUT, Dr. Mike Ene stated that the policy can only work if implemented from the primary school level, citing the need to address early enrollment due to economic pressures.

Ene explained that parents enroll children in crèches early due to economic pressures, and teachers begin educating them, allowing them to learn quickly, making it impossible to stop their learning.

Ene noted that exceptional students would be affected by the policy, citing 16-year-old SS3 students who would have to wait two more years, leading to potential legal challenges.

Ene concluded that the policy is poorly conceived and needs to be rethought, considering the scenarios of exceptional students and the potential consequences.

August 27, 2024 0 comments
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Headlines

Wild Jubilation As staff celebrates removal of Yusuf Bichi as DSS DG (VIDEO)

by Folarin Kehinde August 27, 2024
written by Folarin Kehinde

There was Jubilation at the office of the Department of State Services (DSS) following the removal of the agency’s DG, Yusuf Bichi.

Recall that Bichi has hinted on his resignation earlier yesterday but his intention was met with his removal by President Tinubu later the same day.

Meanwhile, Tinubu has appointed new Directors-General for the National Intelligence Agency (NIA) and the Department of State Services (DSS).

Ambassador Mohammed Mohammed was announced as the new Director-General of the NIA, to replace Rufai Abubakar.

Mr. Adeola Oluwatosin Ajayi was appointed as the new Director-General of the DSS.

This was disclosed in a statement by Ajuri Ngelale, Special Adviser to the President, on August 26, 2024.

Tinubu’s expectations
According to the statement, President Tinubu expects that the new security chiefs will work assiduously to reposition the two intelligence agencies for better results.

He charged them to bring their experience to bear in tackling the security challenges bedevilling the country through enhanced collaboration with sister agencies and in surgical alignment with the Office of the National Security Adviser (ONSA).

“The President thanks the outgoing Directors-General of the two pivotal intelligence agencies for their services to the nation while wishing them success in their future endeavours,” the statement partly reads.

Watch video below:

Mehn. See how DSS officers are celebrating the resignation of Bichi. Man was a total disaster. pic.twitter.com/tfIuUFvlbK

— FS Yusuf (@FS_Yusuf_) August 26, 2024
August 27, 2024 0 comments
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Headlines

BREAKING: Tinubu appoints new DGs for DSS, NIA

by Folarin Kehinde August 26, 2024
written by Folarin Kehinde

President Bola Tinubu has appointed new Directors-General for the National Intelligence Agency (NIA) and the Department of State Services (DSS).

Ambassador Mohammed Mohammed was announced as the new Director-General of the NIA, to replace Rufai Abubakar.

Mr. Adeola Oluwatosin Ajayi was appointed as the new Director-General of the DSS.

This was disclosed in a statement by Ajuri Ngelale, Special Adviser to the President, on August 26, 2024.

Tinubu’s expectations
According to the statement, President Tinubu expects that the new security chiefs will work assiduously to reposition the two intelligence agencies for better results.

He charged them to bring their experience to bear in tackling the security challenges bedevilling the country through enhanced collaboration with sister agencies and in surgical alignment with the Office of the National Security Adviser (ONSA).

“The President thanks the outgoing Directors-General of the two pivotal intelligence agencies for their services to the nation while wishing them success in their future endeavours,” the statement partly reads.

August 26, 2024 0 comments
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