News
Probe Missing $15bn, N200bn Of Oil Revenues, SERAP Tells Tinubu
Published
2 years agoon
By
Editor
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “set up a presidential panel of enquiry to promptly probe the grim allegations that over US$15 billion of oil revenues, and N200 billion budgeted to repair the refineries are missing and unaccounted for between 2020 and 2021, as documented by the Nigeria Extractive Industries Transparency Initiative (NEITI).”
SERAP urged him to “name and shame anyone suspected to be responsible for the missing and unaccounted for public funds and to ensure their effective prosecution as well as the full recovery of any proceeds of crime.”
SERAP also urged him “to fully implement all the recommendations by NEITI in its 2021 report, and to use any recovered proceeds of crime.”
In the letter dated 23 September 2023 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “There is a legitimate public interest in ensuring justice and accountability for these serious allegations. Taking these important measures would end the impunity of perpetrators.”
SERAP said, “As President and Minister of Petroleum Resources, your office ought to be concerned about these damning revelations, by getting to the bottom of the allegations and ensuring that suspected perpetrators are promptly brought to justice, and any missing public funds fully recovered.”
READ ALSO: SERAP Drags CBN To Court Over Regulation Requesting Bank Customer’s Social Media Handles
The letter, read in part: “Any failure to investigate these grave allegations, bring suspected perpetrators to justice and recover any missing public funds would have serious resource allocation and exacerbate the country’s debt burden.”
“It would also create cynicism, suspicion, and eventually citizens’ distrust about the ability of your government to combat high-level official corruption, as well as deter foreign investment and limit growth and development.”
“We would therefore be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government to comply with our request in the public interest.”
“The findings by NEITI suggest a grave violation of the public trust and the provisions of the Nigerian Constitution 1999 [as amended], national anticorruption laws, and the country’s obligations under the UN Convention against Corruption.”
“The allegations of corruption documented by NEITI undermine economic development of the country, trap the majority of Nigerians in poverty and deprive them of opportunities.”
READ ALSO: Fuel Subsidy: ‘Suspend Disbursement Of $800m Loan To FG’, SERAP Tells World Bank
“Your government has a constitutional duty to ensure transparency and accountability in the spending of the country’s wealth and resources.”
“According to the 2021 report by the Nigeria Extractive Industries Transparency Initiative (NEITI), government agencies including the Nigerian Petroleum Development Company (NNPC) and the Nigerian Upstream Petroleum Regulatory Commission (NPDC) failed to remit $13.591 million and $8.251 billion to the public treasury.”
“The NNPC and NPDC failed to remit over 70% of these public funds. NEITI wants both the NNPC and NPDC to be investigated, and for the missing public funds to be fully recovered.”
“The report also shows that in 2021, the State Owned Enterprises (SOE) and its subsidiaries (the NNPC Group) reportedly spent US$6.931billion on behalf of the Federal Government but without appropriation by the National Assembly. The money may be missing.”
“The NNPC also reportedly obtained a loan of $3 billion in 2012 purportedly to settle subsidy payments due to petroleum product marketers but there is no disclosure of the details of the loan, subsidy and the beneficiaries of the payments.”
READ ALSO: SERAP Sues Tinubu Over ‘Failure To Probe Missing $2.1bn, N3.1trn of Subsidy Payments’
“The report also shows that N9.73 billion was paid to the NNPC as pipeline transportation revenue earned from Joint Venture operations but the money was neither remitted to the Federation nor properly accounted for. The NPDC in 2021 also failed to remit $7.61 million realized from the sale of crude oil.”
“The report documents that about N200 billion was spent on refineries rehabilitation between 2020 and 2021 but “none of the refineries was operational in 2021 despite the spending.’ NEITI wants the spending to be investigated, as the money may be missing.”
“Section 13 of the Nigerian Constitution 1999 [as amended] imposes clear responsibility on your government to conform to, observe and apply the provisions of Chapter 2 of the constitution. Section 15(5) imposes the responsibility on your government to ‘abolish all corrupt practices and abuse of power’ in the country.”
“Under Section 16(1) of the Constitution, your government has a responsibility to ‘secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity.’”
“Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’”
READ ALSO: Publish Campaign Funding Sources, SERAP Tells Atiku, Tinubu, Others
“Similarly, articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on your government to ensure proper management of public affairs and public funds, and to promote sound and transparent administration of public affairs.”
“The UN Convention against Corruption and the African Union Convention on Preventing and Combating Corruption to which Nigeria is a state party obligate your government to effectively prevent and investigate the plundering of the country’s wealth and natural resources and hold public officials and non-state actors to account for any violations.”
“Specifically, article 26 of the UN convention requires your government to ensure ‘effective, proportionate and dissuasive sanctions’ including criminal and non-criminal sanctions, in cases of grand corruption.”
“Article 26 complements the more general requirement of article 30, paragraph 1, that sanctions must take into account the gravity of the corruption allegations.”
“Nigeria is also a participating state of the Extractive Industries Transparency Initiative (EITI), which aims to foster greater governmental accountability for the use of natural resource wealth through the creation of a set of international norms on revenue transparency.”
“EITI also aims to tackle corruption, poverty and conflict associated with natural resource wealth. Nigeria has the obligations to implement the EITI Standard, which sets out the transparency norms with which participating States including Nigeria must comply.”
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News
Sokoto Gov Converts May Salary To Loan, Orders Immediate June Payment
Published
23 minutes agoon
June 27, 2025By
Editor
Sokoto State Governor, Ahmed Aliyu, has approved the conversion of the May 2025 salary, which was paid ahead of Eid-el-Adha, to a soft loan, to be repaid in three instalments.
A statement by the governor’s Press Secretary, Abubakar Bawa, on Friday, said the decision was made to ease post-festive financial strain on civil servants.
Aliyu said the initiative became necessary due to the financial pressure civil servants often face during major religious celebrations.
READ ALSO: Governor Eno Endorsed For Second Term As He Doubles Ward PAs’ Salary To N500,000
He said, “I am aware that many of our workers are still facing financial challenges due to the expenses incurred during the Sallah festivities.
“This measure is intended to support them by easing immediate financial strain, allowing for repayment in three convenient monthly deductions.”
He expressed optimism that the initiative would provide meaningful relief and improve the welfare of civil servants and their families.
The governor also directed the immediate payment of June 2025 salaries to all categories of workers in the state.
READ ALSO: From ₦40K Salary To Homeowner at 21: See How This Young Nigerian Did It.
This includes staff under the state and local governments, Local Government Education Authorities, and pensioners, with payment expected to commence from Monday, June 30.
Aliyu reiterated his administration’s commitment to revitalising the civil service for enhanced service delivery.
He urged workers to reciprocate government efforts through increased dedication, punctuality, and discipline in the discharge of their duties.
He also expressed appreciation to the people of Sokoto State for their continued support and reaffirmed his determination to deliver more dividends of democracy.
News
EFCC Kicks As Yahaya Bello Seeks Court’s Permission To Travel Abroad
Published
3 hours agoon
June 27, 2025By
Editor
The Federal High Court sitting in Abuja, on Friday, fixed July 21 to rule on an application the former Governor of Kogi State, Yahaya Bello, filed to be allowed to travel abroad for medical treatment.
Bello, who is facing a 19-count money laundering charge, in his application dated June 20, begged the court to release his international passport which was seized as part of his bail conditions, to enable him to visit a hospital in the United Kingdom, UK.
Addressing the court through his team of lawyers led by a former President of the Nigerian Bar Association, NBA, Prof. Joseph Daudu, SAN, the defendant said he was referred to the foreign hospital by a cardiologist.
Praying the court to exercise its discretion in his favour, Bello said he never travelled outside the country for the eight years he served as the governor of Kogi.
He pledged to travel within the court’s vacation period and return to the country for the continuation of his trial.
READ ALSO:EFCC Arrests Bauchi Accountant General Over Alleged N70bn Fraud
“My lord, this is a harmless and non-political issue that borders on the health of the defendant who is ready and willing to face his trial.
“He has never been late to court. The little misunderstanding that happened before this trial began was politically motivated. If permitted to travel, he will return before the end of August and the court can also set a date.
“This is a criminal trial, not a political witch-hunt,” Daudu, SAN, pleaded.
However, the Economic and Financial Crimes Commission, EFCC, opposed the application which it said amounted to an abuse of court process.
According to the prosecution counsel, Mr. Kemi Pinheiro, SAN, though the defendant claimed he was suffering from hypertension and hypercalcemia or low potassium, no evidence was adduced to show that it is a life-threatening situation.
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The prosecution argued that there are well-equipped hospitals in the country that could effectively treat the ailments.
EFCC’s counsel told the court that Bello claimed that he built ultra-modern hospitals with state-of-the-art facilities in Kogi while he was governor.
“This defendant insisted that the hospitals were built to curb medical tourism,” the prosecution counsel added as he faulted the medical report which he said did not disclose the qualification of the doctor that signed it.
More so, EFCC told the court that the defendant is facing serious allegations that have international dimensions, insisting he could be arrested by the Interpol once he leaves the shores of Nigeria.
“This defendant is already on the red notice. The EFCC sent a letter to the Interpol when he was playing games with the prosecution and he was placed on the red list.
READ ALSO:
“He doesn’t know what is awaiting him there. He can be Hushpuppied to the US or UAE. That is a risk because it will affect this trial,” the prosecution counsel added.
Aside from noting that those who stood surety for the defendant were not served with the application, EFCC alleged that the former governor filed the same application before an Abuja high court, where he is facing another charge.
After he had listened to both parties, Justice Emeka Nwite adjourned the matter for ruling.
Meanwhile, a mild drama played out in the court after the fourth witness, Mr. Mshelia Arhyel Bata, who is a Compliance Officer with Zenith Bank, refuted the allegation that he was harassed by security operatives attached to the former governor.
Pinheiro, SAN, had shortly after the case was called up, informed the court that the witness was accosted by one of the security men, even as he demanded an investigation.
READ ALSO:EFCC Withdraws Appeal Against Former Kogi Gov, Bello
“My lord, the witness told me that this is not the first time. A situation where a witness is harassed in a criminal case amounts to interference,” the prosecution counsel insisted.
Responding, Bello’s lawyer, Daudu, SAN, promised to investigate the issue and report back to the court.
However, shortly before the case was adjourned, the witness sought permission of the court to speak.
He told the court that, contrary to the claim of the prosecution counsel, he was neither harassed nor attacked by any security operative.
“My lord, I want to put it on record that no one harassed or intimidated me. I only had a minor altercation with someone which had nothing to do with the defendant,” the witness added.
READ ALSO:Appeal Court Stops Yahaya Bello’s Contempt Proceedings Against EFCC
Answering questions under cross-examination, the PW-4, further told the court that Bello’s name did not feature as a beneficiary in all the withdrawals that were made from accounts belonging to Kogi state.
Justice Nwite adjourned the case to July 3 and 4 for the continuation of cross-examination of the witness.
Bello, who piloted the affairs of Kogi state from 2016 to 2024, is facing trial over his alleged complicity in an N80.2 billion fraud.
EFCC alleged that he used five proxies to acquire 13 choice properties in highbrow areas of Abuja and Dubai.
It told the court that the properties were acquired with the proceeds of crime.
Besides, the anti-graft agency alleged that the former governor attempted to conceal over N3bn by handing same to proxies to keep for him.
It further told the court that the defendant wired over $700, 000 to an account he maintained with a bank in the United States of America, USA, in breach of the Money Laundering Prohibition Act.
The ex-governor pleaded not guilty to the charge, even as he was released on bail by the court, pending the determination of allegations against him.
News
Senate committee threatens arrest warrant for NNPCL GCEO
Published
4 hours agoon
June 27, 2025By
Editor
The Senate Committee on Public Accounts has ordered the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, to appear before it on July 10.
The committee said that it might be compelled to issue an arrest warrant if Ojulari failed to appear before on the said date.
The committee, chaired by Sen. Ahmed Wadada, issued the directive during a brief session of the committee in Abuja after officials of the NNPCL failed to appear before it as expected.
Their presence was required to respond to queries raised last week regarding a staggering N210 trillion allegedly unaccounted for by the company between 2017 and 2023, as detailed in an audit report.
READ ALSO: NNPCL Spokesperson Soneye Resigns
Rather than appear, the NNPCL, in a letter signed by Adedapo Segun on behalf of the GCEO and read by the committee clerk, Sani Abdullahi, requested an additional two months to prepare a detailed response.
Wadada strongly rejected the request and condemned the absence of NNPCL officials, saying it demonstrated a disregard for the committee’s summons.
“We expected representatives from the NNPCL to be before us today to answer questions thrown at them last week on issues or queries raised in the audit reports before us.
“Their absence is unacceptable, and as a result, this committee is giving the relevant officials from NNPCL ten working days from today, which ends on July 10.
READ ALSO: JUST IN: NNPCL Set To Sell Shares
“This committee was not expecting any documents from NNPCL today but answers to the eleven questions thrown at its representatives last week.
“Therefore, the GCEO of NNPCL must appear before us on July 10 for the expected answers.”
He added that the failure to appear on the scheduled date would leave the committee with no choice but to invoke and assert all its constitutional powers to compel the GCEO’s appearance.
Wadada also declared that the committee may adopt audit queries against other defaulting agencies.
“These agencies are the FCT High Court and the Federal Ministries of Solid Minerals, Steel Development, and Finance. If they fail to appear before the committee on Tuesday next week, they will hear from us,” he said.
(NAN)
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