We have been watching with trepidation, great angst and baited breath, the unfathonable macabre dance exhibited by the nation's Police Force against the leadership of Nigerian workers, most notably, the President of the Nigeria Labour Congress, Comrade Joe Ajaero.

Our seeming silence was observed in the hope that the Police would beat a hasty retreat from their actions and tread the path of caution and civility.

We have no bones to grind with the Police authorities and as citizens of this greatly beloved but much beleguered country, we are ever willing to cooperate with the authorities whenever demanded by national imperatives and exigencies, the Police included, but it must never be at the expense of our Union, our people and our country.

The importance of fighting for and defending our nation state, Nigeria, cannot be over-emphasized. We are patriots, we are Nigerians and we love our country, inspite of deeply inherent socio-economic contradictions that are threatening our very existence as a nation.

Let it be very clear to all, that the Nigeria Union of Journalists, NUJ, is in full solidary with the national President of Nigeria Labour Congress, its entire leadership structures and affiliates nationwide at all times, especially at these trying moments.

We urge the Police and security forces to exercise maximun restraint in their engagements and interactions with Nigerians, who hold views that are different from those of the status quo; free speech and the right to hold opinion are fundamental to our liberty as a free people.

We are in this wise, putting all our Councils and members across the federation on notice, over the unfortunate attacks on the labour leadership.

Be prepared!

The NUJ FCT Council is by this wise, especially enjoined and directed to fully mobilize in concert with other affiliates of the NLC to accompany the NLC President as he goes to honour the invitation of the Police by 8a.m. tomorrow, Thursday, August 29, 2024.


Achike Chude
National Secretary, NUJ.

Nigerian businesses and households expect the inflation rate to rise in the next one to six months.

This is according to the Central Bank of Nigeria’s July Inflation Expectations Survey Report released on Tuesday.

The survey showed that respondents expect inflation to rise in the review months with indices of 37.4 for the next month, -26.3 for the next two months and -15.8 for the next six months.


However, the report showed respondents expect the inflation rate to gradually reduce over the next six months.

A further analysis indicated that businesses anticipate that the inflation rate will drop compared to households, with indices of -33.4 and -11.0 points for the next month and next six months respectively.

“Overall, both businesses and households believe that the inflation rate will rise further in the periods”, the survey stated.

It added that the expected inflation rate hike will be driven primarily by changes in energy prices, exchange rates and transportation costs.

The reports come weeks after Nigeria’s inflation declined to 33.40 percent in July, from 34.19 percent in June.

In the past months, the apex bank had continued to tighten Monetary policy measures such as the interest rate which stood at 26.75 percent to tame the inflation rate.

The Governor of Kogi State, Ahmed Usman Ododo, has approved the appointment of 12 new Permanent Secretaries (PMs).

The appointees were chosen from their respective constituencies to fill the available vacancies in the Kogi State Public Service.

 

A statement released on Wednesday by the Head of Service, Elijah Evinemi, indicated that the governor highlighted the careful selection of permanent secretaries based on merit, fairness, and justice principles.

In a congratulatory meeting with the successful candidates, Mr. Evinemi urged the newly appointed permanent secretaries to meet expectations in their roles and demonstrate utmost loyalty, dedication, and integrity.

The newly appointed permanent secretaries are as follows: Momoh Aziz from Ajaokuta LGA, Negedu Muhammed Bala from Ankpa 1 Constituency, Haruna Jibo Muhammed from Bassa LGA, Ejigbo Akoji from Dekina-Biraidu Constituency, Enimola Enimola A. from Kabba-Bunu LGA, Fashoba Ayo-Sunday from Mopa-Amuro LGA, Adurodija Ebenezer O. from Ogori-Magongo LGA, Enehe Dorcas Omeneke from Okehi LGA, Sanni Haruna Muhammed from Okene 1 Constituency, Ochu Philips Omeiza from Okene 2 Constituency, Shaibu Danjuma Fabian from Olamaboro LGA, and Baiyegunsi Taiwo S. from Yagba-East LGA.

Appointment Of 1,192 Additional Aides

Naija News reports that Governor Ododo’s latest appointment comes days after controversies over his appointment of 1,192 additional aides to his government.

These appointments were confirmed in a statement issued last Monday by the Secretary to the State Government, Dr Folashde Ayoade.

However, the development has not settled well with opposition camps and other concerns of the state’s citizens.

SDP Reacts To Ododo’s Additional Appointments

The Kogi State chapter of the Social Democratic Party (SDP) has criticized Governor Ahmed Usman Ododo

Reacting, the Director of Media for the SDP campaign organisation in Kogi State, David Ijele, faulted the incumbent administration, describing the appointment as a misplaced priority.

“They haven’t paid those who laboured for the state, yet they are employing youths to be used as thugs,” Ijele said.

The SDP chieftain stated that Governor Ododo’s days in office were numbered.

Speaking further on the party’s legal battle against the incumbent administration, Ijele insisted that the Supreme Court would rule in favour of the SDP candidate, Yakubu Ajaka.

“The Constitution is very clear on the BVAS, and we believe the Supreme Court will give justice to the people of Kogi State and chase these charlatans out of Lugard House,” Ijele announced.

A Nigerian Navy officer, Abdul Rasheed Muhammad, has been arrested for the murder of Aminu Ibrahim, the son of former Chief of Naval Staff Vice Admiral I. I. Ibrahim (retd).

During a press briefing on Wednesday in Abuja, Federal Capital Territory Commissioner of Police, Bennett Igweh, revealed that Muhammad killed Aminu and stole his car two weeks ago. Igweh confirmed that the vehicle, a Prado SUV, has since been recovered.


“About two weeks ago, Aminu Ibrahim, the son of Vice Admiral I. I. Ibrahim (retd), was robbed and killed in the Maitama area of Abuja, and his Prado SUV was stolen. I want to inform you that Abdul Rasheed Muhammad, a serving Nigerian Navy personnel, committed the murder. He has confessed to the crime, and we have recovered the Prado Jeep,” Igweh stated.

Speaking to journalists, Muhammad, a seaman in the Navy, admitted to the crime. He explained that he was assigned to the former Naval Chief’s residence as a security guard.

“I work at the house. He wanted to go out at night, around 11:30. He said he needed security, so I followed him with my gun. Along the way, he stopped to check his ATM, as if he was going to buy something. I thought maybe I was going to escort him to a market or somewhere. Then, when I came out through the other door, I shot him, took the car, and left. He did not do anything to me; I killed him to steal his car,” Muhammad confessed.

In a related development, 94 members of the Islamic Movement of Nigeria were also paraded for their involvement in the death of two police officers on Sunday.

Former Deputy Senate President Ike Ekweremadu might be in another trouble while serving his sentence in the UK.

Recall that he is currenlty serving 10 years in prison for human trafficking last year.

According to a new report by TheNation, Ekweremadu is currently under investigation by the London Metropolitan Police in a new case linked to him.

A documentary by Chude Jideonwo titled: “Daniel vs Ekweremadu,” the police are investigating a case involving Ekweremadu, although details are scarce due to the ongoing investigation.

Part 1 of the two-part docu-series was released on Friday, 23 August. It is written and directed by award winning filmmaker and TV host, Chude Jideonwo.

In an email from a spokesperson to the police, Alexandra Meek to the producers as shown in the documentary, she said: “With regards to the live investigation, which is linked – On Tuesday, 8 November 2022 detectives from the Met’s Specialist Crime arrested a woman on suspicion of conspiracy to exploit for the purposes of organ harvesting.

“The woman, who is in her 50s, has been released under investigation. Enquiries remain ongoing.”

Ms Meek, who is senior communication manager for the MET Police, gave this as a reason for the police’s inability to participate in the documentary.

According to Chude: “‘Daniel’ is the name given by a journalist and adopted by the documentary filmmakers for the victim-survivor of the first conviction under the UK’s Modern Slavery Law – under which Ekweremadu became the first to be sentenced to jail alongside his wife, Beatrice and a doctor-friend, Obinna Obeta.

“It follows a directive from the judge of the case for the real name to remain undisclosed.

“‘Daniel vs Ekweremadu’ tells the story of Senator Ekweremadu’s fall from Nigerian deputy senate president to British jailbird upon his conviction for organ harvesting.

Shot in Nigeria and the United Kingdom, the series includes exclusive access to British prosecutors, police, the family of the survivor-victim amongst others in this first-of-its-kind thriller-style documentary from a West African independent studio.”

The 2023 PDP Presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has criticized President Bola Tinubu’s Federal Government for the 18-year age limit on NECO and WAEC exams, calling it absurd and a barrier to scholarships.

Recall that the Federal Government has banned individuals below 18 from participating in the NECO and WAEC exams.

This was revealed by the Minister of Education, Prof. Tahir Mamman, during his appearance on Channels Television’s ‘ Sunday Politics’ program.

Mamman stated that the federal government has instructed WAEC, responsible for the West African Senior School Certificate Examination, and NECO, which administers the Senior School Certificate Examination, to enforce the 18-year age requirement for candidates taking these exams.

 

In response, the former Vice President took to his verified Facebook page on Wednesday to criticize the policy as outdated.

Atiku labelled the policy as controversial and called for universal condemnation from those who value intellectual freedom and accessibility.

He stated, “Tinubu’s policy on age limit for tertiary education admission belongs in the Stone Ages.

 

“The recent policy of the Federal Ministry of Education pegging age limits for entry to tertiary institutions is an absurdity and a disincentive to scholarship.

“The policy runs foul of the notion of delineation of responsibilities in a federal system of government such as we are practising, and gives a graphic impression of how the Tinubu government behaves like a lost sailor on a high sea.

“Otherwise, how is such anti-scholarship regulation the next logical step in the myriad of issues besetting our educational system?

“To be clear, the Nigerian constitution puts education in the concurrent list of schedules, in which the  sub-national government enjoys more roles above the Federal Government.”

The former Vice President highlighted that the most effective global approach is to allow sub-national governments to establish their education laws or regulations.

Atiku continued, “Therefore, it is extra-constitutional for the federal government to legislate on education like a decree.

“The best global standard for such regulation is to allow the sub-national governments to make respective laws or rules on education.

 

“It is discouraging that even while announcing this obnoxious policy, the government inadvertently said it had no plan to cater to specially gifted pupils. That statement is an embarrassment to the body of intellectuals in the country because it portrays Nigeria as a country where gifted students are not appreciated.

“The irony here is that should the federal government play any role in education, it is to set up mechanisms that will identify and grant scholarships to gifted students not minding their ages before applying for admission into tertiary institutions.

“This controversial policy belongs in the Stone Ages and should be roundly condemned by everyone who believes in intellectual freedom and accessibility.”

The Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, has explained why the federal government is yet to implement the Steve Oronsaye report.

Speaking to newsmen on Tuesday after a visit to the headquarters of the Nigeria Extractive Industries Transparency Initiative (NEITI) in Abuja, Gbajabiamila said the federal government is working out all necessary modalities to ensure a smooth implementation of the policy.

 

The Chief of Staff also shut down suggestions that the report has been thrown under the carpet or is being ignored.

He, however, added that there is no timeline yet for the implementation of the Oronsaye report.

Naija News recalls the Federal Executive Council (FEC) chaired by President Bola Tinubu, in February, approved the full implementation of the Oronsaye report to merge some parastatals, agencies, and some commissions, while others will be subsumed, scrapped or relocated.

The government further set up an eight-man committee with the mandate to make recommendations on the mergers, scrapings, and relocations within 12 weeks.

However, six months later, the report has not been implemented.

The Oronsaye report is expected to reduce the cost of governance and streamline efficiency across the governance value chain.

Origin

In 2011, then President Goodluck Jonathan set up the Presidential Committee on Restructuring and Rationalisation of Federal Government Parastatals, Commissions and Agencies with Steve Oronsaye as chairman.

On April 16, 2012, the committee submitted an 800-page report identifying, amongst several other things, overlapping agencies, causing wastage in expenditure.

The report said there were 541 parastatals, commissions and agencies and recommended that 263 of the agencies should be reduced to 161, 38 agencies abolished and 52 merged.

Ngozi Okonjo-Iweala, Director General of the World Trade Organisation (WTO), has highlighted that Nigeria’s average Gross Domestic Product (GDP) growth rate has been steadily declining since 2014, indicating a downturn in the economic well-being of Nigerians.

Speaking at Sunday’s Nigerian Bar Association (NBA) annual general conference, Okonjo-Iweala noted that Nigeria’s economic fortunes reversed following a decade of positive growth between 2000 and 2014 when the average GDP growth rate was approximately 3.8%. During this period, GDP growth outpaced the nation’s population growth by around 2.6% annually.

 

However, the situation has deteriorated since 2014, with GDP growth showing a negative rate of 0.9%. Okonjo-Iweala attributed this to the government’s inability to sustain the positive growth of previous administrations.

“Many of the significant challenges the NBA faces today are rooted in Nigeria’s failure to maintain the rate of economic growth that consistently outpaced our population growth. We had periods of reform and faster economic growth not solely dependent on oil prices. Still, we failed to build on these gains, leading to diminished job prospects and reduced well-being for many Nigerians,” she said.

She emphasized that between 2000 and 2014, Nigeria enjoyed an average GDP growth rate of 3.8%, significantly above the 2.6% population growth rate, which improved living standards. In contrast, the following decade saw an average annual GDP per capita growth of -0.9%, indicating a decline in living standards due to a lack of sustained positive growth momentum.

To address these issues, Okonjo-Iweala called for sustained good economic policies regardless of the administration or political party in power. She argued that policy inconsistencies have contributed to Nigeria’s economic fortunes’ reversal and advocated for a social contract between the government and the people that transcends political changes.

“Maintaining good economic and social policies, ensuring policy consistency, and implementing additional reforms will help guide Nigeria towards the progress we all desire,” she added.

Recent data from the National Bureau of Statistics (NBS) shows that Nigeria’s GDP growth rate declined to 2.98% in the latest quarter, down from 3.46% in the previous quarter but higher than the 2.31% recorded in the corresponding quarter of 2023.

Six state governments including Ekiti, Ebonyi, Jigawa, Yobe, Nasarawa, and Bayelsa have spent about N160bn on airport projects that opposition politicians and aviation professionals classified as unviable.

Stakeholders say the huge public funds expended on the facilities have amounted to waste. They condemned the state governors and asked Nigerians to hold them responsible for the waste.

However, some industry players advised that the facilities be converted into skill acquisition centres for the benefit of the citizens.

Some called on relevant authorities to probe the money spent on the unviable projects.

 

Checks by the PUNCH showed that the six states spent over N160bn on their various airport projects, but the facilities have not attracted a considerable number of aircraft for charter or commercial purposes.

Apart from the Murtala Muhammed Airport, Lagos; Nnamdi Azikiwe International Airport, Abuja, and Port Harcourt International Airport, Port Harcourt, Rivers State, that generate about 80 per cent of revenues for the Federal Airports Authority of Nigeria, other airports constitute a financial burden to FAAN.

But, despite the challenges facing most of the aerodromes in the country, more state governments have continued to pump scarce resources into the construction of more airports with most designating them as “cargo airports.”

 

In the last decade, no fewer than 10 state governments have mooted or commenced such projects.

Some of the states include Osun, Ebonyi, Ogun, Benue, Zamfara, Nasarawa, Abia, Ekiti, and Bayelsa. Sadly, most of these projects were never completed, while others were abandoned by their successors in office.

They include Asaba Airport, Ebonyi Airport, Bayelsa Airport, Ogun Cargo Airport, MKO Abiola International Airport, Osun, which is uncompleted, Ekiti Cargo Airport, Anambra Cargo Airport, Abia Airport, Wachakal Airport in Damaturu, and Dutse International Airport in Jigawa.

Others are Lafia Airport in Nasarawa which is uncompleted, Kebbi Airport, Auchi Airport in Edo which is uncompleted, Zamfara Airport, and Gombe Airport.

In 2017, Governor Willie Obiano of Anambra State commenced his move to build an airport in the state. Six years later, the governor renewed his zeal for the project, A cargo airport in Umueri, in the Anambra East Local Government Area.

Anambra State is surrounded by airports in Delta, Imo, and Enugu states but the governor embarked on the project.

Though many believed the project was new in the plans of the government and needless, the governor in April 2017 flagged off the airport project.

 

At the flagging-off ceremony in April 2017, Obiano said that the government wanted to create an airport city in the state with a model that would accommodate two runways, an aviation fuel dump, an airport hotel, an industrial business park, an international convention centre, as well as a facility for aircraft maintenance.

He had initially boasted that the airport with a cost implication of $2b as at when it was conceived would join some of the most advanced airports in the world with a capacity to land any of the most sophisticated vessels known to man.

In 2021, the state government said N6b was spent and not $2b as alleged in some quarters.

Also, the immediate past aviation minister, Hadi Sirika, conveyed the approval for the construction of the Ebonyi airport through correspondence to then Governor David Umahi, now Minister of Works. The letter was signed by the Director of Safety and Technical Policy, Capt Talba Alkali, on behalf of the ministry in 2019.

At the commissioning of the airport, Umahi revealed that he spent over N36bn to build the airport, located in Onueke, Ezza South Local Government Area. But as at the time of filing this report, the airport situation is best described as comatose.

The immediate past Ekiti State Governor, Kayode Fayemi, expended N16bn public funds on the Akure airport, but the airport has also refused to attract aircraft over its non-viability.

When the governor conceived the idea, it was greeted by criticisms from stakeholders both in the state and beyond but the governor vetoed the cargo airport which is currently not in use. 

As of January 2023, the Special Adviser to Governor Biodun Oyebanji on Budget, Economic Planning, and Performance Management, Niyi Adebayo, revealed that N16.6bn had been spent on the yet-to-be-completed facility in Ekiti State.

He explained that the fund was used for perimeter fencing, completion of the runway and taxiway, terminal building, and payment of compensation for the farmers whose farmlands were acquired for the project.

In Jigawa State, ex-governor Sule Lamido, also pumped N4bn to build an airport for the state, one that was commissioned in 2014 by former President Goodluck Jonathan.

The airport facility is located less than 100km from Aminu Kano International Airport, making experts describe it as wasteful spending.

Also, in Bayelsa, former Governor Seriake Dickson spent N70bn on the construction of an airport which began in 2012 and was completed in February 2019.

The amount spent on the airport by the governor has been disputed by some stakeholders, among which was the former National Chairman of the All Progressives Congress, Adams Oshiomole.

Oshiomhole had stated that the project gulped over N100bn but Dickson insisted that it was done at the rate of N70bn.

 

Same for Yobe State where the transport commissioner, Abdullahi Kukuwa, had recently told newsmen that the state spent more than N18bn on the unused airport project initiated in 2017.

Like its counterpart, the Nasarawa cargo airport project was initiated in December 2015 during the second tenure of a former Governor Umaru Al-Makura, who said he had the vision to open the state for investment opportunities.

The project was estimated at N10bn and was to ease cargo traffic at the Nnamdi Azikiwe International Airport in the Federal Capital Territory, Abuja, because Nasarawa is the closest state bordering the FCT.

Aviation professionals speak

The General Secretary of the Aviation Safety Round Table, a group for industry professionals, Olumide Ohunayo, criticised the scale of some airport projects, arguing that while building airports is essential, the funds allocated and the size of these developments are often disproportionate to the immediate needs.

“I am not one of those who criticise the building of an airport. What I criticise is the size of the airport and the funds made available for such developments,” Ohunayo said.

He emphasised that airports typically start as social infrastructure rather than profit-making ventures. “It’s when it begins to develop that they now think about commercialising and maybe giving to private investors.”

Ohunayo further noted the tendency in Nigeria to start airport projects on a large scale without sufficient flight operations to justify the investment. “When you don’t have any flight and you are starting big, you want to operate internationally from the very first day,” he said.

He also pointed out the irony that some of the experts who now criticize these projects were previously involved in advising the government and securing funds for such developments.

On his part, Capt John Okakpu said aside from the Anambra airport, all of the other mentioned airports should be converted to skill acquisition centres or any form of public facility that will be of use to the people.

“Immediately these governors see a colleague that has embarked on such a project even when the fellow did not achieve success, you will see the others doing the same, but my question is, why should a right-thinking human want to replicate failure? In all, it is to steal.

“For instance, before you think of building an airport you should be able to ascertain the passenger traffic. It is not rocket science, you must do it even before any other study.”

Also, the Chief Executive Officer of Centurion Security Limited, Group Captain John Ojikutu (retd.), echoed similar sentiments, questioning the approval process and the lack of a solid business plan behind these airport projects.

“When were they approved by the National Civil Aviation Authority? What was the business plan behind it?” he asked, stressing the importance of having a clear operational base and understanding the potential passenger traffic.

Ojikutu also criticized the focus on building new airports in regions with low travel demand, using Ekiti State as an example. “I told the people in Ekiti not to build an airport, but to build a road to connect Ekiti and Akure. The money they will make on the road is much more than the money you will make from the airport,” he noted.

 

Opposition mock governors

Although the Ekiti State Governor, Biodun Oyebanji, defended his predecessor for the construction of an airport in the state, opposition politicians said the facility was unnecessary

Oyebanji said all the airport was awaiting was certification from the regulatory agencies to begin commercial operations and promised that the airport would begin operations before the end of the year

“On access to Ekiti State, our airport is practically ready. But in Nigeria, I have learned something about technical readiness and practical readiness. Our airport is ready, but I don’t want to play politics with safety. So we are waiting for the regulatory agencies to give us all the certifications.

“As I speak today, they are in Ekiti now at the airport, trying to look at what we have put on the ground. Once we have the certification from NCAA and FAAN, then access to Ekiti State will be sorted out at least through the air. I don’t want to give a timeframe but before the end of this year, commercial operations will begin at the Ekiti State airport,” he said.

However, the state Chairman of the People’s Democratic Party, Alaba Agboola, said the airport was not the priority of Ekiti State for now, describing the money injected into the project as waste.

Agboola said, “Yes, I agree that Ekiti needs an airport, but if we need something, we must at the same time look at the viability of that project. Ekiti receives meagre amounts compared to other states of the Federation. I think we must be able to prioritize our needs.

“If we want to prioritise our needs in Ekiti State, the airport is not one of them because there is an airport in Akure that can be serviceable to us. We have so many needs that require government attention now. I don’t think there is any need to have an airport that is not viable, that is not commercially oriented, that is just tying down our money.

 

“I can term it to be wasteful spending of Ekiti resources. After the inauguration of the airport in 2022, the airport has been stagnated. An airport that is not usable.

On his part, the Bayelsa State Commissioner for Information, Orientation, and Strategy, Ebiowou Koku-Obiyai, defended the construction of the state’s airport but was noncommittal on whether it was viable or not.

Koku-Obiyai told our correspondent that the airport offered an alternative to people in the neighbouring states of Delta and Rivers states.

On whether it is still operating commercially, she said there was an arrangement with an airline, which seems to have been disrupted as of the time of filing this report.

But the candidate of the Labour Party during the last election, Udengs Eradiri, said he was surprised when he heard that the state was trying to procure an airplane, stressing that he was yet to understand why.

“Do they have discipline? They have not shown discipline in the management of the state assets. Are we buying a plane like Rivers State or Ibom Air of Akwa Ibom? The governor is travelling about. He should sit in the state and get the Bayelsa State economy going,” Eradiri stated.

Also, the Permanent Secretary of the Ministry of Transport and Energy in Yobe State, Dr Mustapha Geidam, said the government is actively collaborating with the Nigerian Civil Aviation Authority to secure the requisite clearance for the commencement of commercial operations at the state airport. In Ebonyi, a former Chairman of the Peoples Democratic Party, Silas Onu, described the airport as ill-conceived, saying it was a white elephant project.

 

According to him, a right-thinking governor could have opted for massive industrialisation of the state seeing that agriculture was its main economic base.

He added that the project was a huge waste to the state, which had not added any economic value to its citizens.

“As an opening remark, may I indicate that the said airport was built and commissioned as a completed project by the immediate past Governor, David Umahi. The commissioning was widely broadcast with the landing of one aircraft from Air Peace. I doubt if any other plane landed at the airport after the official commission/opening of that airport.

“So I was personally shocked and taken aback when the newly sworn-in Governor Nwifuru began spending billions on the newly unused airport, for what he termed as rehabilitation or was it renovation? Whichever it was, there was absolutely no need for further needless spending on what has now become a white elephant project.”

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 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.

Lagos-Calabar highway demolition: 100 landowners team up for fresh legal war
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.


Also, the Permanent Secretary of Finance, Lydia Jafiya, suggested the need to limit the scope of the audit exercise to cover the period 2021 to June 2022, when NNPC was a corporation before transitioning to a Limited Liability Company.

Concluding, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, appreciated the contributions of members on the issue and expressed optimism that the exercise would be speedily executed.