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States Kick Over N200b FAAC Remittance Shortfall

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...Accuse NNPCL of making ‘incomplete’ payments

…Experts reconciling subsidy outlay ahead next meeting

The Forum of Commissioners of Finance under the Federation Account Allocation Committee (FAAC) is demanding immediate action from the Nigerian National Petroleum Company Limited (NNPCL) on the remittance of about N200 billion to the Federation Account.

The forum said the NNPCL has made only one incomplete remittance of less than N200 billion to the Federation Account since October 2024.

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Dispute between the states and the organisation is blamed for the inability of FAAC to convene for its monthly meeting last week.

It is understood that both parties are in touch to resolve the issue.

READ ALSO: FAAC: FG, States, LGs Share N1.7tn November Revenue

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Chairman of the Forum, Akin Oyebode, told The Nation that “Subsidy ended in October 2024. Since then, NNPCL has only made one incomplete payment of under N200 billion to the federation.”

Oyebode said states and local governments need more resources to fulfill their obligations.

He explained that NNPCL is responsible for three types of payments: royalties to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), taxes to the Federal Inland Revenue Service (FIRS) and dividends to the federation as its shareholder.

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Due to NNPCL’s irregular remittances, a reconciliation of subsidy arrears is underway to determine whether the federation owes NNPCL or vice versa.

Oyebode stressed that until this reconciliation is concluded and a payment plan is agreed upon, NNPCL should fulfill its financial obligations to the federation.

READ ALSO: FG, States, LGAs Share ₦1.424tn FAAC Revenue In December 2024

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On last week’s stalled meeting of FAAC, Oyebode said talks were ongoing to establish clear terms of engagement with NNPCL.

If NNPCL presents a reasonable position, the meeting will hold soon. Commissioners are ready to return to Abuja,” he said.

Oyebode downplayed any notion of conflict, stressing that both parties were working towards a mutual agreement.

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He described President Bola Tinubu’s subsidy removal policy as a catalyst for these financial discussions, which were previously impossible under the subsidy regime.

On resolving NNPCL’s inconsistent remittances, Oyebode expressed optimism that the reconciliation would be completed within weeks.

READ ALSO: Breakdown Of FAAC’s N1.358tn July Allocation To FG, States, LGs

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Once concluded, both parties will agree on a payment plan.

If it is established that the federation owes NNPCL, it may need to adjust its revenue allocation.

If, on the other hand, NNPCL owes the federation, it must propose a repayment plan.

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Oyebode is hopeful that the matter would be fully resolved before the end of 2025.

The Chief Corporate Communications Officer, Mr Olufemi Soneye, who The Nation contacted for a response had not responded to the message sent to him as at press time yesterday.

READ ALSO: Breakdown Of FAAC’s N1.358tn July Allocation To FG, States, LGs

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He was also yet to return the telephone calls made to him.

FAAC comprises the minister of finance as chairman, all state commissioners of finance, state accountants-general, the accountant-general of the federation and the permanent secretary of the federal ministry of finance and members meet every month to allocate federally collected revenues.

The Federal Government collects 52.68 per cent of the revenue, states 26.72 per cent and the 774 local governments 20.60 per cent.

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17-year-old Nigerian Named World Best In English At 2025 TeenEagle Finals In London

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…Outperforms over 20,000 participants from 69 countries

Nafisa Aminu, a 17-year-old student of Tulip International College, Yobe State, has emerged world’s best in English at the 2025 TeenEagle Global Finals.

The 17-year-old was named the World Best in English Language Skills at the 2025 TeenEagle Global Finals held in London, United Kingdom.

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READ ALSO: Fake Labubu Dolls Worth Millions Seized In London Raid Amid Growing Safety Fears

The TeenEagle competition is an internationally recognised contest that tests English proficiency, critical thinking, and communication skills, attracting students from both English-speaking and non-English-speaking nations.

Nafisa’s triumph was confirmed in a statement by the head of her family, Hassan Salifu, who attributed her success to “dedication, discipline, and the enabling support of the state government.”

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Representing Nigeria, Nafisa outperformed over 20,000 participants from 69 countries, a historic feat that has thrust her into the global academic spotlight and brought honour to Nigeria.

 

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FG Promotes 30 Senior NCoS Officers To Assistant Controller General

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The Civil Defence, Correctional, Fire and Immigration Services Board has approved the promotion of 30 senior officers of the Nigerian Correctional Service to the rank of Assistant Controller General of Corrections.

The announcement was made in a press statement signed by the NCoS spokesperson Umar Abubakar, on Tuesday.

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“The Civil Defence, Correctional, Fire and Immigration Services Board has approved the promotion of 30 Controllers of Corrections to the prestigious rank of Assistant Controller General of Corrections,” the statement read.

Abubakar noted that the promotions were made in line with CDCFIB’s commitment to “merit-based advancement, professional excellence, and the continuous strengthening of leadership within the Nigerian Correctional Service.”

READ ALSO:Customs Intercepts N1.7bn Falsely Declared Goods Across South-West Zone

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“Among the newly promoted officers are twenty-seven general duty officers who have demonstrated exceptional dedication, leadership, and operational competence in various formations across the country.

“In addition, three professional officers have also been elevated in recognition of their outstanding service and specialized contributions in the areas of Medical Laboratory Science, Nursing, and Public Health,” the statement read.

According to the statement, the promotion exercise was said to align with the ongoing reforms in the Service, a key part of President Bola Tinubu’s Renewed Hope Agenda.

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The statement credited the reform momentum to the Minister of Interior, Dr. Olubunmi Tunji-Ojo, whose efforts were described as “unwavering” and “unprecedented.”

READ ALSO:Court Strips Transport Minister, CRFFN Regulatory Power Over Licensed Customs

Controller General of Corrections, Sylvester Nwakuche, congratulated the newly promoted officers, charging them to rise to the responsibilities of their new roles.

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“I urge them to redouble their effort to service delivery, strategic leadership, and the core mandates of reformation, rehabilitation, and reintegration of inmates,” he said.

He further stressed that the promotions are not merely rewards for past service but “a call to higher responsibility in line with global best practices in correctional management.”

“The Service remains committed to building a motivated, disciplined, and professional workforce capable of meeting the complex demands of modern corrections and public safety,” Nwakuche added.

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Adeleke Flies To US For Davido’s Wedding

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Governor Ademola Adeleke of Osun State has travelled to the United States to attend the wedding ceremony of his nephew and music star, David Adeleke, popularly known as Davido.

Recall, Davido confirmed that he and his wife, Chioma Avril Rowland, will have their white wedding in Miami, Florida, in August 2025.

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He made the announcement during an interview on The Breakfast Club, aired on Tuesday, April 8, 2025.

The governor’s spokesperson, Olawale Rasheed, confirmed Adeleke’s trip in a statement issued on Tuesday, in response to concerns raised by the opposition All Progressives Congress over the governor’s whereabouts.

READ ALSO:Davido Thrills In Toronto, Brooklyn As US Tour Heats Up

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Governor Adeleke left Nigeria for the United States via the family’s private jet a few days ago for the wedding of the global music icon, his beloved nephew, David Adeleke.

“His Excellency is extending an invitation to the opposition party to attend the event and share in the joy of the occasion with the Adeleke family.

“Those unable to attend may join virtually,” Rasheed stated.

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He noted that Adeleke had not taken any official vacation since assuming office in November 2022 and said the current trip would be short.

READ ALSO:Davido Withdraws From 50 Cent’s London Concert

Additionally, from the November 2022 date, the governor has not gone on official vacation.

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“For this current trip, the Governor has again chosen to make it a short one to continually attend to crucial state functions.

“Meanwhile, the Governor is in constant communication with his deputy, Prince Kola Adewusi, who is supervising activities of the government,” Rasheed added.

Earlier on Tuesday, the Osun APC had accused Adeleke of leaving the state without informing residents or formally transmitting power to his deputy. The party described the governor’s absence as “abnormal.”

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READ ALSO:Davido, Asa To Perform At National Sports Festival’s Opening Ceremony In Abeokuta

In a statement signed by its spokesperson, Kola Olabisi, the party said, “The question being asked in hushed tones in some public places, inside commercial buses and by motorcycle riders and their passengers in the state, is where could be the whereabouts of their governor for this long.

“As the governor of all and sundry, we as a party need to know the whereabouts of the governor and who has been holding fort for him during his absence from the state since two weeks ago.

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“Did the governor duly transmit power to his deputy who is constitutionally covered to temporarily step into the shoes of his principal in his absence?”

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