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Non remission of 6 Years Audited Accounts: Reps C’ttee Summon NNPC GMD Kyari, 18 others

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Nigeria is not refining crude locally – NNPC GMD

 

***Commences Probe Thursday

John Akubo

The House of Representatives panel on Public Accounts has summoned the Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Limited Mele Kyari, and accounting officers of 18 subsidiaries of NNPC over allegations bothering on the nonrendition of audited accounts between 2014 and 2019.

According to the audit queries issued by the office of the Auditor General of the Federation, over N663.89 billion was not remitted by NNPC into the Federation Account in 2019.

The report further showed that while the NNPC Upstream arm of National Petroleum Investment Management Services (NAPIMS) claimed to transfer the sum of N1.27 trillion into the Federation Account, the audit report revealed that NNPC remitted the sum of N608.71 billion.

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The oAuGF report observed that the sum of N519,922,433,918.46 was transferred to the Federation Account by the NNPC based on transfer mandates.
To this end, oAuGF requested the “reconciliation statement for the difference of N88,787,862,853.96 between AGF’s figure of N608,710,296,772.42 and NNPC’s figure per transfer mandate of N519,922,433,918.46.”

The Audit report further observed that 107,239,436.00 barrels of crude oil were lifted as domestic crude, while the allocation of crude oil to refineries for a billing date of 9th January to 29th May 2019 was 2,764,267.00 bbls valued at N55,891,009,960.63.”

It stated further that “Information on Sale of unutilized crude oil by Refineries for 2019 was not provided, and Information on crude oil allocations from 30th May to 31st December 2019 was not provided for scrutiny.

While alleging possible diversion of domestic crude, diversion of sale of unutilized crude as well as possible loss of Federation Account revenue, the report said the management of the NNPC failed to respond to the audit query.

Auditor General also alleged that NNPC spent US$6.410 million, (=N1.955 trillion at N305/US$1) to fund Joint Venture Cash Calls (JVCC) and other federally funded upstream projects such as Gas Infrastructure Development, Brass LNG, Crude Oil Pre-Export Inspection Agency Expenses, Frontier Exploration Services, EGTL Operating Expenses, and NESS Fee and another N55.157 billion on Pipeline Security and Maintenance without first paying the money into the Federation Account.

The invitation to the NNPC Group Managing Director was signed by the Chairman, House Committee on Public Accounts, Hon. Oluwole Oke via a letter titled: ‘Re-Consideration of Auditor General of the Federation annual report for 2019 financial year,” with Reference No: HR/PAC/SCO5/9NASS/QUE.40/43 was dated 1st April 2022.

“I refer to your appearance before this Committee on Tuesday, March 29, 2022, on the above subject matter and the Committee’s resolution to request that you come along to the next session with the Chief Accounting Officers of all NNPC Subsidiaries.

“A new date has been fixed for your appearance. You are to cause an appearance before the Committee on Thursday 7th April 2022 at 11:00 am in Meeting Room 446, House of Representatives New Building.

“This is to inform you that the Committee does not allow representation, you are to appear in person to defend your accounts laid before the Parliament.

“You are to come along with Officers who are familiar with the issues at stake and may assist you to provide answers to any question that could arise during the Session,” the letter read in part.

Some of the NNPC subsidiaries are; Nigeria Petroleum Development Corporation Limited; Kaduna Refinery & Petrochemical Company; Pipeline & Products Marketing Company Limited; Duke Oil Company Inc.; West Africa Gas Limited; Nidas Marine Limited Nigeria Liquified Natural Gas (NLNG); Hayson (Nigeria) Limited and Nigeria Gas Company.

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2027: Shettima Arrives in Uyo for APC Presidential Campaign Rally

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Who is Senator Kashim Shetima, Tinubu's running mate

Vice President Kashim Shettima has arrived in Uyo, the Akwa Ibom State capital, for the All Progressives Congress (APC) presidential campaign rally ahead of the 2027 general elections.

The development was disclosed on Friday by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice President.

Akwa Ibom occupies a strategic position in President Bola Ahmed Tinubu’s Renewed Hope Agenda, with major federal investments expected to strengthen infrastructure and economic activities across the state.

SEE ALSO: 2027: Shettima Arrives in Lafia to Rally Support for Tinubu’s Re-election

One of the major projects is the Lagos–Calabar Coastal Highway, which has an approximately 82.8-kilometre stretch passing through Akwa Ibom.

The project, according to the statement, “promises improved connectivity, expanded trade, greater investment and new economic opportunities for communities across the region.”

Beyond infrastructure, the administration’s interventions in education, agriculture, healthcare, youth empowerment and social protection are also designed to improve livelihoods and broaden economic participation.

The Nigerian Education Loan Fund (NELFund) is among the initiatives highlighted, complementing Governor Umo Eno’s investments in roads, aviation, tourism and human capital development.

The statement noted that the Uyo rally provides “another opportunity to strengthen the APC’s growing political presence in the South-South and make the case for continuity in 2027.”

 

 

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Elohor Aiboni Honoured with DTN@100 Changemaker Award

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Executive Vice President and Country Chair, Shell Companies in Nigeria, Elohor Aiboni was among 100 people honoured with the DTN@100 Award.

She joined a list of distinguished recipients recognised by the Daily Times newspapers. The contributions of the awardees to national development will be documented in a special publication, titled Nigerian Grand Book.

Daily Times which started publication in 1926 gave the awards as part of its centenary celebrations in Lagos. The centenary theme is: “Honouring the Past, Shaping the Future.” Chairman, Folio Media Group and Publisher Daily Times of Nigeria Fidelis Anosike said: “We proudly celebrate Elohor Aiboni, Executive Vice President and Country Chair of Shell Companies in Nigeria, for her well-deserved recognition at the Daily Times Heroes Award. As a visionary female leader, Elohor has shown that true leadership is defined by action. Her forward-thinking policies continue to drive real, positive change across our nation.”

In her response, Elohor said: “Although this award is presented to me, I do not regard it as mine alone. I share it with my colleagues across the Shell Companies in Nigeria, our partners, and the many people I have had the privilege of working with and learning from over the years.”

Elohor was commended for her achievements in a career in the energy industry that started in Shell in 2002. In addition to serving in operational roles within and outside Nigeria, she has worked as asset manager for Bonga, leading up to her appointment as Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo) in 2021, the first female to hold the post. Early this year, she took up the role of Executive Vice President and Country Chair, Shell Companies in Nigeria, also the first female and Nigerian to hold both roles.

READ ALSO: “8216;The Panic Is Real” Atiku Accuses APC of Plot to Weaken ADC

In her acceptance speech, Elohor also called for concerted efforts towards educating the girl-child. She said: “If we are serious about shaping Nigeria’s future, we must be equally serious about educating and empowering the Nigerian girl child. Education provides not only knowledge, but also confidence, choice and the opportunity to contribute meaningfully to her community and country.”
Photo Caption – L-R: Energy and Investment Solicitor, Sam Aiboni; Executive Vice President and Country Chair, Shell Nigeria, Elohor Aiboni; actress Rita Dominic; and Daily Times Chairman, Fidelis Anosike, during the award presentation at Harbour Point, Lagos.

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Tinubu Hails Flamingos After Historic World Cup Final Qualification, Urges Team to Win Trophy

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President Bola Ahmed Tinubu has congratulated Nigeria’s U-17 women’s national football team, the Flamingos, following their historic qualification for the final of the 2026 FIFA U-17 Women’s World Cup in Morocco.

The President commended the team for their impressive 3-1 victory over Brazil in Wednesday’s semi-final, describing their achievement as a remarkable milestone that has brought immense pride and joy to Nigerians at home and abroad.

In a statement issued on Thursday, November 5, by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu also praised the coaching crew and everyone whose hard work and support contributed to the team’s successful campaign.

SEE ALSO: 2027: Shettima Arrives in Lafia to Rally Support for Tinubu’s Re-election

With the Flamingos set to face Japan in the final, the President urged the players to remain focused, confident and determined as they pursue the historic world title.

“I encourage you to approach the final with the same fighting spirit and belief that have brought you this far. I have confidence in your ability to make history by winning the coveted world title,” he said.

Tinubu also called on Nigerians to rally behind the young players, describing them as national ambassadors whose achievements continue to showcase the country’s sporting excellence.

He said the team’s performance would inspire a new generation of girls to pursue their dreams without limitations.

“Once again, Nigeria is proud of you. Go for the trophy, Flamingos!” the President added.

 

 

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