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Probe Missing $15bn, N200bn Of Oil Revenues, SERAP Tells Tinubu

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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.”

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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

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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.”

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“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

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“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.”

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“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’

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“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.”

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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

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“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.”

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“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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OPINION: Befriending Bandits

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By Suyi Ayodele

The photograph is graphic. The message is obvious. The semiotics are unmistaken. A bandit in military fatigue sits comfortably. On his lap is an AK-47 assault rifle. Around his neck are various communication gadgets. His look betrays his hubris. He is a man of power! His confidence shows who is in charge. It is audacity in its illiterate form!

Another man in a native attire bends towards the bandit. He smiles sheepishly. He holds a handset, in a very suggestive manner. The caption tells the entire story: “Nigerian Government Official ‘Exchange Contact’ with Bandits After a ‘Peace Deal’ Meeting in Subuwa LGA in Katsina State.”

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When the junior rival wife to one’s mother is older and more powerful, one is advised to call her mother (tí orogún ìyá eni bá ju ìyá eni lo, ìyá làá pèé). This ancient wisdom is to ensure a peaceful coexistence within the family. And the peace here goes beyond the idea of a crisis-free environment; it is a comprehensive one that ensures that one lives and is alive, too!

Nigerians, especially our brothers and sisters up North, are tapping into this wisdom. They need to live and be alive simultaneously. They recognise those who have the capacity to cut short their lives. Then they took the most reasonable steps towards survival. Nigerians now go cap in hand begging the new ‘givers-of-life’ in town. We now appease bandits, terrorists and other felons who hold the power to kill and make alive! What impudence!

Our elders say once you recognise the one that will not allow you to eat and be filled, it is better you add his portion while preparing the food. That is what is happening in the various ‘peace deals’ being sealed with bandits in the North. The peasants of the region have recognised that the State is incapacitated.

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They have come to the bitter reality that the Nigerian nation lacks the capacity or the willpower to protect them from bandits and terrorists. They have elected to take their collective destiny in their own hands. The new normal is negotiation. This is because the State is completely absent with the terrible leadership truancy syndrome afflicting us!

MORE FROM THE AUTHOR:OPINION: The Clappers They Want In Us

It is happening in the North today. The rest of us read about it and shake our heads in incredulity. Many of us feel that it is their problem over there. We feel that the North should find enough bananas for its troublesome monkeys. Majority believe that the problem of banditry is self-inflicted and those in the affected region should carry their burden. But I think otherwise.

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I hope nobody, by any stretch of the imagination, thinks that the madness will not go round. Very soon, and this is not being pessimistic, what our northern kith and kins are experiencing at the hands of bandits will be replicated down South and in every part of the nation. The ill wind will soon blow in every part of Nigeria. It is just a matter of time. When those bandits have no more people to kill or maim up North, they will look down South! That is if they are not already in our midst, down here!

Those who feel secure today will have to negotiate with bandits very soon. Kwara State is almost doing that. The bandits operating in the Kwara South Senatorial District have just two more local governments, Offa and Oyun, to overrun, and they will be in Osun State! Ekiti, Ifin, Oke Ero, Ifelodun and Irepodun Local Government Areas of Kwara are already under the control of bandits.

While penning this piece, information filtered in that a prominent member of Sagbe town in Ifelodun Local Government Area was kidnapped! Offa and Oyun, my contact said, “are relatively peaceful for now!” Once they break through those two “relatively peaceful” council areas, Osun State will be next. Osun will affect Ekiti State, which shares boundaries with Ondo, Kogi and Kwara States. All of us will chop breakfast

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Even the biblical blind Bartimaeus can see clearly that Nigeria is already a failed State! The government and its apologists can deny it as many times as they want. The reality is too obvious; only the locusts in power cannot feel it. And we won’t blame them. Those in power don’t feel what the ordinary man on the street goes through. That itself is one of the indicators of a failed nation; a situation where the leaders are detached from the led. When you see a country where leaders travel around in armoured cars and the masses are left at the mercy of felons who are constantly on the prowl, look no further for a failed State!

If Nigeria were not a failed nation, how come ‘government officials’ sit on the negotiation table with bandits? What do we call a situation where a supposed government functionary, elected or selected to protect the people, is the one grovelling to have the contact of a bandit who is armed to the teeth to a ‘peace deal meeting’? Where in the sane world would bandits armed with Rocket-Propelled Grenades (RPGs), General Machine Guns (GMGs), and AK-47 rifles, be allowed to walk in and out of a ‘peace meeting’ leisurely? After the ‘peace accord’, where do the bandits retire to? Yet, they say Nigeria is working!

MORE FROM THE AUTHOR:OPINION: When The Dead Can’t Rest In Peace

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Residents of Matazu Local Government Area, where the ‘peace deal meeting’ took place in Katsina State, expressed shock at the audacity of the bandits to display all those sophisticated weapons without any consequence! One of the residents who witnessed the peace accord was quoted to have quipped: “You came to a peace talk with AK-47 rifles, RPGs, and GMGs, and you return to the bush with the same weapons. How can this be called a peace deal?” That is the type of ‘peace deal’ you get when there is total leadership failure. Imagine that ‘security’ was also provided at the venue!

The attendance of the bandits taken at the Katsina State ‘peace deal’ listed Idi Muwage, Alhaji Kabiru, Kachalla Rusku, Kachalla Murtala, Kachalla Mai Saje, Kachalla Dawa, Ardo Abdulsalam Fatika, and Alhaji Labi as leaders who represented their various bandit groups! These are known figures in the killing and maiming of thousands of innocent Nigerians in the state!

In all, a total of nine LGAs: Sabuwa, Dandume, Batsari, Kankara, Kurfi, Musawa, Danmusa, Jibia, and Faskari in Katsina State had at various times entered ‘peace deals’ with bandits, where “it was agreed that there should be a ceasefire, with the bandits agreeing to stop attacking or harming the local communities.

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The report of the ‘peace deal’ stated that: “It was also agreed that there should be free movement, with the bandits allowed to enter towns or communities for trade and commerce without being harmed by the local communities. Another issue agreed upon at the meeting is the release of abducted victims by the bandits, while the bandits, on their part, requested the government to release their captured members. Furthermore, it was agreed that both bandits and community members would work towards maintaining peace and stability in the region.” To cap it all, the bandits were “assured of their safety and welcomed them to continue their business activities in the local markets!”

Katsina State is not the only state in the North negotiating with bandits. Kaduna State, for instance, was said to have negotiated with the bandits operating along the Birnin Gwari axis of the state so that the people in the area could go back to their farms. In the entire seven states of the North-West geo-political zone, only Zamfara and Kebbi States were said to have insisted that they would not strike any deal with the bandits.

The North-East and the North-Central zones are not faring better. And gradually, the malady is approaching the southern part of the country. While the late governor of Ondo State, Arakunrin Rotimi Akeredolu (SAN), mobilised the states in the South-West to form the Western Nigeria Security Network (WNSN), otherwise known as Amotekun, to combat the menace of bandits and killer herdsmen in the region, the novel security outfit appears dead with the demise of Akeredolu.

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Safe for Oyo and Osun States where Governors Seyi Makinde and Ademola Adeleke, respectively, significantly hold the Amotekun banner flying, the outfit is moribund in the other states of the zone. Interestingly, Lagos State, the home state of President Bola Ahmed Tinubu, never for one day lifted any finger to support the creation of the security outfit in the first instance. Lagos is aloof from Amotekun because the security outfit does not sit well with the sole proprietor of the state!

MORE FROM THE AUTHOR:OPINION: A Voyage To Caligula’s Rome

That itself speaks volumes of why the Federal Government under the leadership of President Tinubu is flat-footed in the fight against banditry and terrorism. The government can only deceive itself into thinking it is winning the war. Those who are directly at the receiving end of the security crisis are already in talks with the bandits and the terrorists. We are already befriending bandits!

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This is Nigeria of this era. A government that places politics far above the wellbeing of the people cannot but be lethargic in situations where decisive actions are needed! The only reason why bandits would come for a ‘peace deal’ armed and suffer no consequences is politics. The only reason why Sheikh Ahmad Gumi would openly ask for amnesty for bandits, and nobody would bring him in for questioning is the same compromised politics of appeasement!

How on earth, Gumi, with all his acclaimed education, could not differentiate between the militants of the Niger Delta and the compulsive killers called bandits of the North beats one’s imagination. The Niger Delta militants, though condemnable in their approach, had a clear agitation. They took up arms against the State because of the environmental degradation of the region which is the nation’s hen that lays the golden eggs. They were angry because even though the Niger Delta produces the wealth of the nation, the region has nothing to show for it.

Again, those Niger Delta militants did not target individuals. They went after State wealth like oil installations and blew them up. If there were human casualties, they were insignificant, very punny and largely inconsequential. But what do we have in the North with the bandits? Can Gumi explain to us what the agitations by his bandit friends are? What are they fighting for? What exactly do they want? What is the essence of wiping out a whole village? What are the unmet demands of the bandits that necessitated them killing villagers in their sleep!?

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And if we may ask, why is Gumi concerned about the welfare of the bandits, and he is not bothered about the calamities suffered by the victims of the bandits’ operations in the North? Can he, in his sober moment, imagine the number of orphans, widows and widowers that the bandits he loves to protect so much and defend have donated to the North? Where in the Holy Quran is it written that one must kill others for a living?

Has Gumi, in his erudition, ever come across the works of great Islamic scholars such as Muhammad Ali (December 1874- October 13, 1951), Maulana Sadr-ud-Din, Basharat Ahmad (1876-1943) and the British Gottlieb Wilhelm Leitner (October 14, 1840-March 22, 1899)? Is he familiar with their incontrovertible position that “the Quran forbids initial aggression, and allows fighting only in self-defence?”

For as long as Nigeria continues to tolerate curmudgeonly figures like Ahmad Gumi to dictate the pace without commensurable consequences, bandits and other felons would continue to hold the tilt of the sword while the masses would be at the receiving end. The danger here is that when the killers of the common men have no more common man to kill, they will turn to the protected elite! That is how nature balances societal equations.

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Court Bars CCETC From Entering Ossiomo Land, Using Its Property

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An Edo State High Court in Benin has restrained Jiangsu Communication Clean Energy Technology Company Limited (CCETC) from entering the land of Ossiomo Power and Infrastructure Company
Limited pending the hearing and determination of motion of notice.

Hon. Justice Mary Itsueli—vacation judge, gave the restraining order in an ex-perte motion filed before the Honourable Court by Emmanuel Usoh, counsel to Ossiomo Power and Infrastructure Company
Limited.

In the suit marked: B/242/2025, Ossiomo Investment Limited, Ossiomo Power and Infrastructure Company
Limited, Ossiomo Offsites and Utility Limited, Quadrant Gas Development Company Limited are the claimants while Jiangsu Communication Clean Energy Technology Company Limited (CCETC) stands as defendant.

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Usoh had, on behalf of Ossiomo Ossiomo Power and Infrastructure Company
Limited, approached the court, sought an interim injunction restraining CCETC from gaining access to the land or utilising any property belonging to the claimant.

READ ALSO:Ossiomo Restores Power To Customers After Barely Two Weeks Outage

Usoh sought an interim order restraining “the Defendant whether by itself, agents, representatives, Directors, staff, privies assigns, or anyone directly or otherwise and howsoever described from parading itself as a member or a shareholder of the 2nd Claimant or relying o using the Joint Venture Agreement pending the hearing and determination o the Motion on Notice.”

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In the enrollment of order dated September 11, 2025, Justice Itsueli, said having “given a most careful consideration to the application, supporting affidavit and annexures, I am minded to grant the interim order of injunction.”

The vacation judge, therefore, ordered that, “The Defendant whether by itself, privies, assigns and anyone directly or otherwise and howsoever described are restrained from accessing, utilizing the infrastructure of the Claimants including the 33KVA lines, gas engines and gas infrastructure built by the Claimants to supply gas to the power plant and generate electricity supply whether by bulk sales or transmission to corporate entities or individuals in Edo State pending the hearing and determination of the Motion on Notice already filed.”

Hon. Itsueli also ordered “the Defendant whether by itself, agents, representatives, Directors, staff, privies, assigns, or anyone directly or otherwise and howsoever described are restrained from parading themselves member or shareholder of the 2nd Claimant or relying or using the Joint Venture Agreement pending the pending the hearing and determination of the Motion on Notice already filed.”

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READ ALSO:Ossiomo, Chinese Impasse: This Is Our Story — Management

Recall that Ossiomo Power and Infrastructure Company
Limited and CCETC have been in ownership tussle which led to the power plant being shut down on September 1, 2025.

Speaking during a press briefing on the latest in the power tussle between Ossiomo and its investment partners, Usoh said, CCETC, having aware of the restraining order, had so far approached the arbitrary panel in Singapore.

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He said: “CCETC, being aware of the restraining order, also immediately approached the arbitrary panel for arbitration in Singapore. The rationale behind this update is for the whole world to know that Singapore, being the seat of economics arbitration globally, is aware of the issues happening between Ossiomo and CCETC. We had the opportunity of seeing the copy of the arbitration, and we are replying accordingly.”

On Ossiomo and Edo State Government, Usoh disclosed: “Our relationship with the Edo State Government is what we call Power Purchase Agreement (PPA). Ossiomo develops power and sells to Edo State Government at market value. They are our landlord, we cannot owe grudge against the government. My appeal to the government is to do business with us so that everyone in Edo will benefit.”

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IPF Celebrates Otuaro On His Birthday Anniversary

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The Ijaw Publishers’ Forum (IPF) has felicitated with Chief Dr. Dennis Otuaro, Administrator of the Presidential Amnesty Programme, on the occasion of his birthday.

A statement issued by the secretary of the body, Tare Magbei, commended Otuaro for his “steady leadership of the Presidential Amnesty Programme,” which according to the forum has “continued to strengthen peace, rehabilitation, and development in the Niger Delta.”

READ ALSO: Otuaro Lauds Tinubu For Backing PAP’s Peacebuilding Process In Niger Delta

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Your efforts in providing opportunities for ex-agitators and in advancing stability across the region stand as clear evidence of your dedication to the people and progress of our land.

“As you mark this new year of life, we join your family, friends, and well-wishers in praying for good health, wisdom, and greater success in the service of the Niger Delta and Nigeria.”

 

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