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Sanusi Drops Another Bombshell; Says NNPC Yet To Remit $20bn To CBN …He Is Ignorant – NNPC

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As the letter from the Governor of the Central Bank (CBN), Sanusi Lamido Sanusi to the presidency over alleged unremitted monies into the federation account from crude oil sales by Nigeria National Petroleum Corporation (NNPC) from January 2012 to July 2013 continues to raise more dust and draw more search lights the end still seems far off as Sanusi yesterday said the unremitted amount is not just $10.8 billion as earlier believed in December last year but is now $20billion.
Sanusi at a meeting between stakeholders, organised by the Senate committee on Finance to gather views of all parties involved in the transaction with a view to arriving at the true picture again declared that the yet to be reconciled amount out of the unremitted monies into the federation account from crude oil sales was not $10.8billion but $20billion, on the note that out of the $ 67bn that accrued to NNPC within the said period, only $47bn dollars was accounted for, by NNPC.
While the Chairman, Senate Committee on Finance, Ahmed Markafi  cautioned on further allegation until reconciled accounts of all the relevant agencies are submitted to his committee presently carrying out investigation on the first figure ($49.8billion) allegedly unremitted into the federation account from crude oil sales ,the NNPC GMD accused Sanusi of talking in ignorance.
Though  in December last year in the wake of the first allegation raised by Sanusi that NNPC failed to remit $49.8billion part of the crude oil sales into the federation account between January 2012 and July 2013 , the Senate Committee on Finance summoned the management of CBN, NNPC, PPPRA, the Budget Office , the Minister of Petroleum and that of Finance to make submissions on the allegation where they all submitted that they have reconciled their accounts and discovered that only $10.8billion was yet to be reconciled, the CBN Governor had at the  second  sitting of the committee yesterday come up with this new figure
His words  at the presentation “We have provided evidence in the naira crude account out of the $28bn domestic crude shipped by the NNPC, it had repatriated $16bn. Out of the $67bn that has accrued to the NNPC account we have accounted for $47bn.
“Out of the $67bn that the NNPC shipped, $47bn had been repatriated to the CBN. What we are talking about is the balance of the $20bn and what explanations had been given?”, he asked, However,  the Group Managing Director of NNPC, Andrew Yakubu faulted Sanusi over the submission , insisting that NNPC had done the necessary reconciliation of accounts with relevant agencies and all, except CBN, agreeing that the yet amount to be reconciled is the $10.8billion that Sanusi himself agreed to in December last year.
His words : “CBN is a banking outfit, so I really, really understand why they will not understand some petroleum engineering issues and they are not also an auditing outfit. Now what they try to do is to audit and I heard some statements made here that they do not have this document, they don’t have that document. They are not the auditors.
“We have certified bodies and arms of agencies that are charged with the responsibility of auditing. They are banking right? So what he said was not really new. We said clearly that we stated an amount that went to NPDC and that amount was the gross lifting. But there are other streams that go back to government in terms of taxes just like any other business player. So we have Royalties, we have Petroleum Profit Tax and so on and so forth”
NNPC insisted that even the $10.8 billion declared unremitted into the federation account last year December were expended on Petroleum and Kerosene as recently explained by NNPC to the Nigerian public and as will soon be submitted before this committee after final reconciliation of account with PPPRA.
“As you are aware the major chunk of the amount in question over 80 per cent of it is in the subsidy for both PMS and Kerosene.
“We said we are at the point of concluding the reconciliation. We have been reconciling with PPPRA, on the subsidy documentation on PMS and Kerosene. You were told the PPPRA testified to that. We are at the point of rounding up and that is the major chunk of the entire amount in question. As soon as that is done we will reconcile, sign-off and then make formal presentation to the committee”.

Nneka Amaechi-Nnadi, Abuja

Chairman, House Committee on Petroleum Resources (Downstream), Hon Dakuku Peterside (middle) and Dep Chairman, Hon Yusuf Shittu Galambi (right) listening to a presentation by the Executive Secretary Petroleum Equalisation Fund (PEF), Mrs Adefunke Sharon, during an oversiste visit to PEF, recently

Chairman, House Committee on Petroleum Resources (Downstream), Hon Dakuku Peterside (middle) and Dep Chairman, Hon Yusuf Shittu Galambi (right) listening to a presentation by the Executive Secretary Petroleum Equalisation Fund (PEF), Mrs Adefunke Sharon, during an oversiste visit to PEF, recently

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Our Policies Are Geared Towards Protecting Rivers Interest -Fubara

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Rivers State Governor, Sir Siminalayi Fubara, has declared that all the policies and programmes of his administration are tailored towards the protection of interest of Rivers people, especially the youths.
This, he said, is borne out of the importance his administration attaches to youths’ development and empowerment as leaders of tomorrow.
Fubara, according to a statement by his Chief Press Secretary, Nelson Chukwudi, disclosed this when he received the youths of Emohua Local Government Area under the auspices of “Emohua Youths For SIM” on solidarity visit to Government House, Port Harcourt, last Friday.
He said that his administration has put in place modalities that will boost the livelihoods and well-being of Rivers citizens, which youths of Emohua will also benefit when they materialise.
The governor, who spoke through the Rivers State Head of Service, Dr. George Nwaeke, pointed out that the recently awarded Elele-Omudiaga-Egbeda-Ubimini-Ikiri-Omoku Road, the ongoing Emohua-Kalabari Road, reinstatement of illegally sacked workers of Emohua Local Government Area and the approval for electrification of the area, are part of deliberate measures to open up the area to make life conducive and more meaningful for the people.
According to him, “Everything about the governor is putting the interest of Rivers State first. He is looking at and taking action on those things that we need to do to restart the wheels of progress in Rivers State.
“There are many things the governor has planned and is already doing that will boost the life and welfare of every citizen of Rivers State, but most importantly the youths.
“Growing up, I learnt that Egbeda is one of the biggest communities in the whole of Ikwerre, and it’s predominantly an agrarian community. They have food in Egbeda, they have food in Ubimini, they have food in Omudiaga and other natural resources. The whole world is tilting to agriculture, and this is the way to go.
“The Elele-Umudioga-Egbeda-Ubimini-Omoku road, when completed, will open up the area for real development. Your food and everything you produce there will now have value, they will no longer be thrown away. In all these, you the youths are going to be the utmost beneficiaries.”
He added, “Same will be applicable to the Emohua-Kalabari Road which will also, trigger development in the area, and you will be the greatest beneficiaries. When the LGA is also electrified, you will be having 24 or 20 hours of electricity, and those things the youths can do with electricity, you can stay at home and create wealth for yourself and children.
“All the totality of what the governor is doing, when they are completed, or even as some are completed now, the youths are going to be utmost beneficiaries.”
While acknowledging that youths are the true leaders of tomorrow and any government that fails to carry them along in the scheme of things is doomed to fail, the governor assured them of his administration’s commitment to always address issues concerning youths and ensure that they are part of his government.
He commended the youths for toeing the path of truth by identifying with his administration, urging them to sustain the tempo and shun evil, as his government will ensure that the trend whereby politicians turn youths to beggars are over.
He said, “Youths are, indeed, the leaders of tomorrow. The time of youth is a very important time. It a time that your parents or whoever is your leader at that time have to make the greatest investment in you. And any Government that decides to only carry the elderly, chiefs aling and abandon the youths is bound to fail,” he asserted.
“But I am happy that Governor Fubara has concentrated his energy on everything that will benefit the society, especially the youths.
“And based on these, I want to thank you for recognising what is good and calling it good, for shunning what is evil, for saying the Governor is standing for you.
“Let me tell you, you are on the right direction. Let me tell you again, Rivers State is the bride of Nigeria. The whole Nigeria is looking at what will happen here. As they look here and see you standing on the path of truth, this is a very important step that you have taken to right all the wrongs of the past, to make Rivers State stand on the tripod of justice, peace and security. That is what we are going to gain through the governor, taking all the wise actions that he has already initiated.
“The projects the governor is embarking on are meant to prepare nets for the youths to fish and put food on their table, hence you should continue to follow him.
“The SIMplified Movement brought upon by the governor will ensure that Rivers youths stop the habit of going to bow down before politicians, pledging loyalty before they can eat.”
Earlier, spokesman for the Emohua Youths for SIM, Comrade Ovamale O. Ovamale, had said that the visit by youths from the 14 political wards in Emohua Local Government Area was to thank the governor for the award of the Elele-Omudiaga-Egbeda-Ubimini-Ikiri-Omoku road, the approval for electrification of the area and reinstatement of sacked workers of Emohua Local Government Council, of which the youths were mostly affected.
According to him, “Siminalayi Fubara of recent has given Emohua Local Government road that links Elele to Omoku, which comprises over four communities in the local government.”
“Emohua Local Government has also been in darkness for eight years. No community in the local government that has light. But, of recent, because of the passion and love the governor has for the people of Emohua, he has approved the electrification of the local government.
“Also, the illegal sack of Emohua Local Government workers, for which the youths were mostly affected and without the approval of the Local Government Service Commission, the governor, in his compassionate nature, has reinstated them, and that is why we said we must come and thank His Excellency”, he said.

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Our Legacy’ll Leave Lasting Impression On Rivers People -Fubara

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Rivers State Governor, Sir Siminalayi Fubara, has assured that his administration will collaborate and continue to consult widely in delivering a liberated State experiencing enduring peace.
Fubara said, in doing so, he would not operate as a dictator but as a member of a team that has the best interest of the State at heart and determined to leave a lasting legacy that can be celebrated.
The governor spoke during the formal presentation of Certificate of Recognition and Staff of Office to the Amanyanabo of Okochiri Kingdom, King Ateke Michael Tom, as first class tradition ruler, at Government House in Port Harcourt, yesterday.
Fubara stated that, during the Sixth State Executive Council meeting, N80.8billion was approved with 50 percent contract value paid already as the Government awarded the construction of the Elele-Egbeda-Omoku Road.
He said the project will be funded from the savings from Internally Generated Revenue (IGR) to underscore his administration’s prudence without also borrowing to complete the project.
“We are at a crossroad in our State where we all need to stand for what is right. It happens once in a life time. So, for now, be one of those people that will be in the course to liberate and free our dear State.
“And I know strongly that having the support of a peace-loving Amanyanabo of Okochiri Kingdom, having the support of the wonderful Council of Chiefs, having the support of the great people of Rivers State, we will bring peace in our State. We will do those things that are right to develop our State.
“We will continue to consult. We will not act as dictators. We will act as people who know that one day, we will leave, and when we leave, the way we have acted will speak for us. We will not force people to talk good about us. Our legacy will be a signature for how we led”, the governor said.
Fubara explained that he acted within the ambit of the law to upgrade the traditional stool upon which King Ateke Tom sits in recognition of his efforts in promoting peace in Okrika, and indeed, the State, and urged him to continue to do justice to everyone.
In his speech, Commissioner for Chieftaincy and Community Affairs, Hon Charles Amadi, congratulated King Ateke Tom for being formally presented with the Certificate of Recognition and Staff of Office as first class traditional ruler.
Also speaking, former Transport Minister, Chief Abiye Sekibo, thanked the governor for fulfilling his promise of upgrading the traditional stool of Okochiri Kingdom, and pledged the support of Kirike Se people to his administration.

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We’re Determined To Leave Legacy Of Quality Education -Fubara

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Rivers State Governor, Sir Siminalayi Fubara, has promised to give the best attention to the education sector so that standard and quality learning will never be compromised in the State.
The governor emphasised that in achieving such legacy, schools in the State will be driven with a curriculum that will equip school-aged children to become competitive, innovative and self-reliant.
Governor Fubara made the assertion while inaugurating the Governing Council of Rivers State University at Government House in Port Harcourt on Wednesday.
He said: “There is a lot of noise everywhere: people asking what we are doing; that we are not focused, and that we don’t have direction.
”But I want to tell the world that we are focused and aware that we cannot grow if our energies are not channeled to education. Not just education, but purposeful education.
”Education that is creative. Education that gives you independence. We have left the era in the world when you speak too much grammar. We are in such times when it is what you can do with your hands.
”Our purpose for education is that we should bring back our academic programmes to where, at the end of your studies, you don’t need a job but you create jobs. When one creates a job, you automatically employ others. That is what I want this council to see as their task.”
Governor Fubara noted the non-existence of public secondary schools for the male child in the Diobu axis of Port Harcourt.
He said such negligence leaves children in that area who have completed primary education, and whose parents cannot afford sending them to far away secondary schools, to roam the streets, and therefore becoming willing tools for criminality.
Governor Fubara assured that such fundamental problem will be addressed by his administration as a measure to curb the negative impression associated with Diobu axis of Port Harcourt.
The governor said he trusts in the capacity of the members of the Governing Council of Rivers State University to bring about positive change in the institution while also contributing their quota to improving the general education standard in the State.
”I charge you, not just in terms of administering the affairs of the university, but let us add something different from the normal things that we already have to see new things.”
In her response, on behalf of the other members, the Pro-Chancellor of the Governing Council of Rivers State University, Justice Mary Odili (rtd), thanked the governor for finding them worthy to serve in such capacity.
Justice Odili assured they will work assiduously as a team to solve the problems that agitate the mind of the governor and ensure their contributions form part of the legacy that will be bequeathed by his administration.
The members included Justice Mary Odili (rtd) as the Pro-Chancellor and Chairman of the Governing Council with Barrister Mela Oforibika and Chukwuma Chinwo, Esq.
Others were Adata Bio-Briggs, Esq., Dr. Jonathan Nimi Hart, Ngo Martins-Yellowe, Dr. Nancy Nwankwo, Dr. Igoni William-Park, and Mr. Ogbugbu Barisua.

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