Connect with us

News

SERAP Demands Accountability from NNPC Over Alleged Missing Funds

Published

on

By Adenike Lawal

The Socio-Economic Rights and Accountability Project (SERAP), has called on Mele Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), to account for the alleged misappropriation of N825 billion and $2.5 billion linked to refinery rehabilitation and other expenditures.

In a letter referencing findings from the Auditor General of the Federation’s 2021 report, released on November 27, 2024, SERAP urged Kyari to identify those responsible and refer them to the Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Economic and Financial Crimes Commission (EFCC).

SERAP also suggested inviting former President Olusegun Obasanjo to inspect Nigeria’s refineries, with oversight from EFCC and ICPC officials at facilities in Port Harcourt and Warri.

The organization gave NNPC seven days to respond, warning of legal action to enforce compliance.

The Auditor General’s report cited by SERAP highlights over N825 billion in unaccounted refinery repair funds, crude oil deductions between 2020 and 2021, and irregularities in domestic crude sales and royalty payments.

It also points to billions in unremitted revenues from joint ventures and outstanding debts by marketers, raising concerns over financial mismanagement at NNPC.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Tinubu’s Policies Will Deliver, Be Patient – Wike

Published

on

By Ifeoluwa Odunayo

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has urged Nigerians to remain patient as President Bola Tinubu’s policies take effect, assuring that they are designed to bring long-term progress.

Speaking in Ibadan during a condolence visit to Governor Seyi Makinde, Wike emphasized that Nigeria was in a dire state before Tinubu took office, and the ongoing reforms are necessary for national recovery.

“This country was in a critical condition a few years ago. If we truly want a remedy, we must allow time for the policies of Mr. President to take shape,” Wike said.

He acknowledged the short-term challenges but reassured citizens that the policies will yield the desired results.

“There will be effects, and people will feel them, but in the end, we will achieve the progress we seek. No one should panic because Mr. President means well for the country,” he added.

Wike’s remarks come amid growing public concerns over economic hardships, with the government facing pressure to deliver on promises of economic stability and improved living conditions.

Continue Reading

Abuja Reports

Tinubu Reshuffles Leadership at Federal Universities, Renames UNIABUJA

Published

on

By Patrick Idowu

President Bola Ahmed Tinubu has announced leadership changes at several federal universities, including renaming the University of Abuja to Yakubu Gowon University.

The president dissolved the governing council of the newly named university and removed Vice-Chancellor Prof. Aisha Sani Maikudi, appointing Prof. Lar Patricia Manko as acting VC for six months, though she is ineligible for the permanent position.

Senator Lanre Tejuoso takes over as Pro-Chancellor.

At the University of Nigeria, Nsukka (UNN), Tinubu sacked Acting VC Prof. Polycarp Chigbu, replacing him with Prof. Oguejiofu T. Ujam. Gen. Ike Nwachukwu was moved from UNN to the University of Uyo, while Engineer Olubunmi Kayode Ojo is now UNN’s Pro-Chancellor.

Other key changes include Senator Joy Emordi moving from Alvan Ikoku University of Education to the University of Agriculture, Makurdi, while Senator Sani Stores takes her previous role.

Barrister Olugbenga Kukoyi is now Pro-Chancellor of Nnamdi Azikiwe University.

President Tinubu said the overhaul reflects his commitment to revitalizing higher education and ensuring stronger governance and accountability in Nigerian universities.

Continue Reading

Abuja Reports

Residents Demand Relocation of Karu Dump Site

Published

on

By Patrick Idowu & Gbenga Adeniyi

Residents of Jikwoyi and Karu communities on the outskirts of Abuja are calling for the urgent relocation of the Karu dump site, citing severe environmental and health risks.

Appealing to the Abuja Environmental Protection Board (AEPB), the residents warned of a potential epidemic if the site remains in its current location.

They highlighted the growing waste accumulation, which frequently obstructs the Karu-Orozo road, causing persistent traffic congestion.

Gabriel Idoko, a resident, expressed frustration over the situation.

“It’s shameful that such a hazardous site exists in Abuja. This is an eyesore that poses serious health risks,” he lamented.

A local community chief, who spoke anonymously, condemned the site’s proximity to a cemetery.

“How can refuse be dumped on graves? It’s unacceptable. The FCT administration must act swiftly,” he stated.

Residents are urging authorities to address the issue urgently by relocating the dump site to a more suitable location.

Continue Reading

Trending