News
NNPC Has No Secret Account — Kyari
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari says the corporation has no secret accounts that breaches the Treasury Single Account (TSA) .
Kyari disclosed this when he received the Chairman and members of the special Presidential Investigative Panel for the Recovery of Public Property in Abuja on Monday
In a statement issued by Mr Ndu Ughamadu, the spokesman for the corporation, he said that the NNPC had nothing to hide as it stood to gain a lot by being transparent in all areas of its operation.
He reiterated that NNPC had no secret account, adding “there is no single account NNPC is operating that is unknown to the Federal Government.
” Any account(s) outside the TSA platform are partner accounts which we have obtained due approvals from the government,’’ he noted.
Kyari, who observed that all monies belonging to the corporation were domiciled with the Central Bank of Nigeria (CBN), added that the Corporation’s account managers remained the CBN and the Accountant-General of the Federation.
On the lease renewal fees on Oil Mining Leases (OMLs) 67, 68, and 70 by ExxonMobil, Kyari said the company paid 600 million dollars which was their equity contribution of 40 per cent of the Joint Venture Agreement.
According to him, NNPC is to pay the remaining 60 per cent but it unnecessary as it is representing the government.
“Ordinarily, NNPC would have contributed the balance of 60 per cent of the amount which literally meant government paying monies to itself. There was no need for that,” Kyari said.
Shedding more light on the alleged non-remittances of taxes and royalties by the Nigerian Petroleum Development Company (NPDC), NNPC’s upstream arm, the GMD said there were outstanding payments which arose as a result of the pillage that occurred before 2015.
He, however, assured the Panel that the present administration had made concerted efforts to reconcile every payment due to the Federation on taxes and royalties.
“The only outstanding payment is the 600 million and we have a pre-payment plan with the Department of Petroleum Resources (DPR) such that by mid-2020, we will have money left to be paid,” he noted.
On alleged non-remittances by some oil companies operating in the country, Kyari said it was the responsibility of the Federal Inland Revenue Service (FIRS) and DPR to collect taxes and royalties from oil companies, including those on Joint Venture (JV) and Production Sharing Contract (PSC) arrangement.
He further noted that the NNPC would provide the necessary support to the agencies concerned in that regard though it had no legal obligation to do so.
“As an enabler organisation, we will support them because we see our roles beyond our immediate responsibility,” he said.
While affirming the Corporation’s commitment to transparency and accountability, Kyari said the Corporation was one of the most accountable public institutions in the country,
‘’This is the only company that publishes its operations and financial reports monthly. I am not aware of any company that does that in the world.
“Every member of our Management shares the vision of Mr President that Government’s institutions must be accountable to all Nigerians.
“We know that we will gain more by being more transparent. We have nothing to hide,” Kyari told the Panel.
Speaking earlier, the Chairman of the Presidential Panel, Chief Okoi Obono- Obla said their visit was to seek synergy with the NNPC toward reforming the country and particularly to clear the air on issues relating to the operations of the Corporation.
He expressed the Panel’s satisfaction with NNPC’s “frank and honest responses on the issues raised, describing the Corporation as a very important and transparent national institution with a GMD who had a track record of accountability and transparency in his public career.
“The GMD has a reputation of being an apostle of accountability and transparency. I feel very happy that somebody like him is coming out to clarify the key issues.
Nigerians have been misled, it behoves on every organisation to tell Nigerians the truth to engender transparency in the entire polity,” he said.
News
50% telecom tariff hike: NATCOMS backs decision as NLC bows to FG’s pressure
The Nigeria Labour Congress bowed to pressure to halt its planned Tuesday nationwide protest against the 50 percent telecommunication tariff hike.
Also, the National Association of Telecoms Subscribers backed the decision by the organized Labour.
Gatekeeper reports that the NLC signed a Memorandum of Understanding with the Federal Government after a meeting with the Secretary to the Government of the Federation on Monday night.
In the MoU signed by the SGF, Senator George Akume, NLC president Joe Ajaero, and the Minister of Labour and Employment, Muhammadu Dingyadi, and the National Secretary of NLC, Emmanuel Ugboaja, both parties agreed to set up a technical committee to resolve gray areas in the 50 percent telecom tariff approval.
However, NLC reiterated its rejection of the tariff hike.
“Arising from the meeting convened by the Federal Government of Nigeria on the proposed 50% hike in telecommunications tariffs in the country, which the Nigeria Labour Congress (NLC) expressed strong opposition to, citing its potential negative impact on the Nigerian workers and the economy with a threat to proceed on a one-day nationwide mass protest, the following resolutions were reached: That there is a need for the parties to sit together in a technical group to resolve most of the thorny areas raised during the discussion; consequently, a 10-man joint committee was set up of five (5) representatives each from the Federal Government and the Nigeria Labour Congress (NLC); and the committee shall conclude and submit its deliberations within two (2) weeks from this 3rd day of February, 2025.
“The parties call on the Nigerian people to remain calm while this committee concludes its assignment,” the communique after the meeting stated.
Earlier, a civic society organisation known as the National Civil Society Council of Nigeria, NCSCN, had announced the suspension of its planned protest against the 50 percent tariff hike.
Recall that last week, NLC announced Tuesday, 4th February, 2025, as a date for a one-day mass protest against the telecom tariff hike.
In a notice last Thursday by NLC National Secretary, Emmanuel Ugboaja, the union had already asked the state congress and affiliate union to mobilise for Tuesday’s mass protest.
This comes after the Nigerian Communications Commission on January 2025 approved a 50 percent telecommunications tariff hike for operators.
The approval has sparked tariff hike controversy in Nigeria’s telecom sector.
NLC and other telecom subscribers had opposed the tariff implementation, citing the persistent economic hardship Nigerians already face.
Subscribers back nationwide protest suspension.
DAILYPOST
Politics
Edo tribunal: PDP, Ighodalo, close case against Gov. Okpegholo
*As INEC opens defence Wednesday
After calling 19 witnesses at the Edo State governorship election tribunal, to attack the credibility and outcome of the September 21, 2024 governorship election that produced governor Monday Okpegholo, the Peoples Democratic Party, PDP, and its candidate, Asue Ighodalo, closed their case.
The decision was communicated to the Justice Wilfred Kpochi- led three-member tribunal yesterday by counsel to the petitioners, Mr. Robert Emukpoeruo, SAN.
In their petition, the petitioners who called 19 witnesses and tendered several documents and devices used for the disputed polls, urged the tribunal to nullify the election of Governor Okpegholo over alleged irregularities including over-voting and non-compliance with the provisions of the Electoral Act.
Meanwhile, the Independent National Electoral Commission, INEC, yesterday, produced five additional Bimodal Voter Accreditation System, BVAS, machines that were used for the election.
The electronic devices, which were tendered by a Senior Technical Officer in the ICT Department of the Independent National Electoral Commission, INEC, Mr. Anthony Itodo, were admitted in evidence, amidst opposition from the camp of the respondents.
This is in addition to the 148 BVAS machines that had earlier been admitted in evidence by the tribunal for the conduct of the election in 133 polling units.
After the short proceedings, the tribunal then adjourned till Wednesday for INEC to open its defence.
The electoral body had declared that Okpebholo of the APC secured a total of 291,667 votes to defeat his closest rival, Ighodalo of the PDP, who got a total of 247,655 votes.
However dissatisfied with the results, the PDP and its candidate approached the tribunal, praying it to nullify INEC’s declaration of the APC and Okpebholo as winners of the election.
In the petition marked EPT/ED/GOV/02/2024, the petitioners argued that Governor Okpebholo of the APC did not secure the highest number of lawful votes that were cast at the election.
Daily Sun
News
FG approves N4.8bn for HIV/AIDS treatment amid U.S. funding suspension
…Okays $1bn HOPE programme to fix PHCs, others
Federal Executive Council (FEC) presided over by President Bola Tinubu, has approved a significant allocation of N4.5 billion for the procurement of HIV treatment packs, aimed at supporting Nigerians living with HIV/AIDS.
This decision comes in light of the recent suspension of U.S. government funding for HIV programs, which is undergoing a 90-day review period.
Addressing Minister of Finance and Coordinating Minister of the Economy of Nigeria, Wale Edun and Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate, explained that the approval underscores Nigeria’s commitment to ensuring continuous access to life-saving treatment for individuals affected by the virus.
The funding landscape for HIV/AIDS treatment in Nigeria has been heavily reliant on international assistance, particularly from the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR) and the Global Fund. Historically, about 80% of HIV response funding has come from external donors, with domestic contributions lagging behind.
Under the Buhari’s administration, the government had admitted that since 2005, about $6.2 billion had been spent on HIV response in Nigeria, with approximately 80% of these funds contributed by external donors.
Pate, on Monday emphasised the importance of this funding: “This allocation is critical for ensuring that those living with HIV continue to receive necessary treatments without interruption.”
The approved budget will facilitate the procurement of 150,000 treatment packs over a four-month period. This initiative not only aims to provide immediate relief but also demonstrates Nigeria’s intent to build a more sustainable domestic financing model for health interventions.
The minister said FEC also set up a committee with membership drawn from the Ministries of Finance, Budget, Defence, Environment and the Nigeria Governors Forum to come up with a sustainability plan.
Responding to U.S. Policy Shifts on Development Assistance
Addressing recent U.S. policy changes affecting development assistance for diseases like HIV, tuberculosis, and malaria, Pate highlighted Nigeria’s proactive approach to sustainability. “While we appreciate the contributions of the U.S. government over the last 20 years, Nigeria is now focused on transforming its health sector using national systems and domestic financing,” he said.
To ensure a seamless transition amid these policy shifts, a committee comprising key ministries and state governors has been tasked with developing a sustainability plan. “This is about ensuring that no Nigerian loses access to treatment during this period of adjustment,” he emphasised.
Pate said FEC approved the HOPE (Human Capital Opportunities for Prosperity and Equity) programme, a $1 billion initiative designed to strengthen governance and primary healthcare systems nationwide. “This programme is very much in line with the direction of this administration—to focus on investing in the human capital of Nigerians. People are at the center of the Renewed Hope Agenda,” Pate stated.
The funding, developed in collaboration with the International Development Association (IDA), allocates $500 million for governance improvements and another $500 million to enhance primary healthcare. The governance component will incentivize states to recruit and train teachers and healthcare workers, while the healthcare portion will expand primary health care services, improve quality, and boost resilience. “This is about accelerating transformation in the health sector,” Pate explained, referencing the ongoing Nigeria Health Sector Renewal Investment Initiative (NHSRII) launched in 2023.
The programme also includes $70 million in grant financing from the Global Financing Facility to support maternal and child health services. “We are building on free emergency medical services for maternal and child health as part of this initiative,” Pate added
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