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NNPC in another corruption scandal

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The Nigerian National Petroleum Corporation (NNPC)  is in the middle of another corruption scandal following the revelations that the body is yet to remit about N1.78 trillion accruing from crude oil sales into the government’s coffers.

We gathered that from January 2016 to September 2017, NNPC has about N460. 649bilion yet to be remitted into the Federation Account.

Following the revelation, some States of the federation have demanded an update from the NNPC on about $172,913,617.30million outstanding payments from the NLNG Feedstock sales, Chevron Cheetah Project, Royalty Oil Sales Value lifting by TEPNGA MCA, RDP Price Review and others.

But, the Minister of Finance, Mrs. Kemi Adeosun, who inherited the challenge of reconciliation between the states and NNPC at the FAAC, is said to be addressing the matter.

Meanwhile, the NNPC is insisting that FAAC owes it about N797billion, being cost of product and pipeline losses. It has asked the FAAC to give it a three-month grace to compile the lost data from its area offices as demanded by states and to complete a forensic audit of same.

Although the three-month period will lapse by the end of November, the states are insisting that there will be no FAAC meeting until the non-remittance of the N1.78trillion is resolved.

Investigation revealed that the states had raised concerns over the NNPC’s outstanding N1.78trillion at the FAAC Post-mortem Sub-Committee meeting on October 23 but the Federal Government did not know that it would degenerate to a likely boycott of the FAAC meeting last Thursday.

According to a document signed the Chairman, FAAC Post-mortem Sub-Committee, Dr. Casimir I. Anyanwu, it raised eight issues for the NNPC to clarify. They include the non-payment of N1.78trillion into the Federation Account.

About N1.32trillion revenue from 2010 to 2015 is yet to be remitted by NNPC; about N460.649 has been unpaid between January 2016 and September 2017 bringing the total to N1.78trillion.

The document said: “The Gross Domestic Crude Revenues between 2010 and 2015 amounted to N5, 351,114, 508, 433.79(trillion); the PPPRA’s certified NNPC subsidy from 2010 to 2015 was N4, 026, 369, 698, 361.62(trillion) and the Net outstanding revenues due to Federation is N1,324,744, 810,072.12(trillion).

The NNPC is said to be holding on to some outstanding payments because FAAC is yet to refund the N797billion it incurred as product and pipeline losses. But this claim has been faulted by states because there is no proof from the oil giant.

All the stakeholders are said to be demanding a forensic audit of NNPC’s losses and how these led to the N797billion bill.

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JUST IN: FG suspends Nigeria Air indefinitely – Minister

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The Minister of State for Aviation, Hadi Sirika, on Wednesday, announced the suspension of the planned national carrier, Nigeria Air.

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I will contest Lagos governorship election – Jimi Agbaje

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The governorship candidate of the Peoples Democratic Party (PDP) in the 2015 gubernatorial election in Lagos State, Mr. Jimi Agbaje, on Wednesday, September 19, finally announced that he has an ambition to lead the state on the platform of the same party in 2019.

There had been speculations on whether Agbaje, who narrowly missed the chance to govern the state in 2015, would still seek election.

Agbaje reportedly told journalists in Lagos that he would seek election in the state in 2019.

“It is true that initially I did not want to re-contest, but I had so many people urging me to run,” he said.

Agbaje, the 2015 governorship candidate of the Peoples Democratic Party (PDP) in Lagos state, on Monday, September 3, urged the party to conduct free, fair and credible convention to avoid rancor ahead of the 2019 elections.

A statement by Fidelis Soriwei, a spokesperson of Seriake Dickson, quoted Agbaje as having stated this when he paid a condolence visit to the state governor, Seriake Dickson, in his Toru Orua country home.

The visit was to condole the governor over the death of his mother, Goldcoast Dickson, who died of lung cancer at the University of Texas MD Anderson Cancer Centre, Houston, Texas, in the United States at the age of 72.

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Lagos APC members protest James Faleke’s re-election bid

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Some members of the ruling All Progressives Congress, APC, in Ikeja Federal Constituency, Lagos State, on Monday staged a peaceful protest against the re-election bid of Rep. James Faleke.

Faleke, member representing Ikeja Federal Constituency in the House of Representatives is positioning himself for re-election in 2019 elections. He had in 2016 gone to contest the deputy governorship seat in Kogi, his state of origin.

The protesters, who chanted different solidarity songs against Faleke, a two-term member of the House of Representatives, said that he had not represented the constituency well.

They carried placards with inscriptions such as “Faleke, go back to Kogi, Ikeja say no to you”, “90 Shops in Kogi, Go back to your Kogi”.

Others read: “16 years of representing Ikeja with no constituency benefit”, “Dear Tinubu, the People of Ikeja, Ojodu, and Onigbongbo say no to Faleke” among others.

One of the leaders of the protesters, Solomon Johnson, said that there were so many capable and vibrant youths, men and women that could represent the constituency.

Johnson, a leader in Ikeja APC said that the protest was to tell the leadership of the party that the residents would not support the re-election of Faleke to the House of Representatives.

“He has been in power in the last 18 years and we feel he has done enough,” Johnson said.

According to him, since the lawmaker has gone to contest Kogi Deputy Governorship Election in 2016, the legislative seat should be given to another individual in the person of Mrs Toke Benson.

He urged Faleke to concentrate on strengthening APC in Kogi rather than seek re-election by transferring his voter register back to Lagos.

“It will be a slap on the people of Ikeja Federal Constituency if Faleke is forced on residents, we have able youths that can represent the constituency and we have found Mrs Toke Benson.

“Since the party is interested in promoting women participation, Toke Benson is qualified, she is a lawyer and well known. Enough of impunity. Give us Toke Benson and we will deliver Ikeja for APC,” Johnson said.

Another leader of the protesters, Hope James said, “The entire people of Ikeja want a change. The attention of Faleke has been in Kogi. Our people have not been benefiting from that office.”

James, one of the APC stalwarts from Onigbongbo Local Council Development Area, alleged that the lawmaker had not been representing the constituency well.

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