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Probe Missing $15.9bn NLNG Dividends, NETTI Tells Reps

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The Nigerian Extractive Industry Transparency Initiative (NEITI) has urged the House of Representatives to probe the missing $15.9billion dividends the Nigerian Liquefied Natural Gas (NLNG) Ltd. paid to the Federal Government.
Executive Secretary of NEITI, Mr Waziri Adio, who made the call at the ongoing investigative hearing on $17billion undeclared crude oil proceeds by an ad-hoc committee of the House of Representatives, also said that the Nigerian National Petroleum Corporation (NNPC)had yet to remit crude oil proceeds totalling $21.7billion to the Federation Account.
Adio said the dividend was from the Federal Government’s 49 per cent equity in the Nigerian Liquefied Natural Gas (NLNG) Ltd.
He said that the money was received by NNPC but has not been found in the Federation Account.
Adio said the missing fund was in addition to another $21billion confirmed crude oil sale, the proceed of which was not remitted to the Federation Account by the Nigerian National Petroleum Corporation (NNPC) between 2011 and 2014.
“As a result of non-passage of the Petroleum Industry Bill (PIB), the country is losing $600million annually due to leakages,’’ he also disclosed.
He said that there were many loopholes in the process of crude oil lifting for export in the country that must be urgently addressed.
Adio equally said that reported loss of crude to theft and vandalism by three international companies operating in the country amounted to $15.8billion between 2011 and 2014.
According to him, the committee needs to be more clinical as the $15.8billion lost to theft and vandalism is likely to be part of the $17billion being investigated by it.
He said that the losses might have been incurred with active connivance of Nigerian officials at the oil lifting platforms.
The NEITI boss presented oil-lifting breakdown which revealed loss of 385million barrels in 2011, 402million barrels in 2012, 363million barrels in 2013 and 342million barrels in 2014.
He regretted that Nigeria had no comprehensive mechanism at for monitoring and evaluating actual oil lifted at the loading platforms.
According to him, rather than three, Nigeria has two that were not properly placed, and as a result, officials have to rely on third part reports which may not reflect the true amount of crude lifted.
“Nigeria is losing revenue to oil theft on industrial scale and at a time, it is easy to see physical stealing of oil from a low flying helicopter.
“There are several things that must be looked into with a view of taking necessary action.
“For instance, the NNPC got $15.9billion as Nigeria’s returns for its 49 per cent equity in NLNG Ltd.
“Meanwhile, this dividend was collected by the NNPC but was not found in the Federation Account.
“We need to ask questions on what happened to the money.”
Adio said NEITI wrote the NNPC on the non-remittances several times, adding that though the corporation confirmed the figures, nothing had been done about it till date.
Besides the unremitted revenue, Adio informed the committee that Nigeria lost $15.9bn worth of crude oil to outright stealing and vandalism during the four years under review.
Giving the year-by-year breakdown, Adio said $4.3billion was lost in 2011; $2.72billion in 2012; $4.7billion in 2013; and $4.1billion in 2014.
He expressed concern that until Nigeria installed a technology-driven system with a command centre to monitor crude movement and exports, the country would continue to “record monumental losses.”
Adio added, “We cannot afford these losses as an economy, looking at the strategic importance of oil to us.
The committee, which is chaired by a member of the All Progressives Congress from Adamawa State, Abdulrazak Namdas, is investigating the alleged theft of $17billion crude and gas resources from the country between 2011 and 2014.

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Fubara Visits Gas Emission Site, Donates N100m To Bille Kingdom,

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Rivers State Governor, Sir Siminalayi Fubara, yesterday extended interim relief measures to the people of Bille Kingdom as the government intensifies efforts to address the ongoing environmental degradation affecting the area.

This was contained in a statement by the Head of Information and Public Relations Unit, Office of the Secretary to the State Government, Juliana Masi, yesterday.

The governor, during a working visit to Bille Kingdom in Degema Local Government Area, reassured residents of his deep concern for their health and well-being.

He reiterated his administration’s commitment to finding a lasting solution to the persistent gas emissions observed in the community’s land and water sources since November 2025.

Represented by the Secretary to the State Government, Dagogo Wokoma, the governor announced immediate interventions to address urgent needs.

Some of the relief measures include the provision of potable water and essential medical services through the release of ?100 million as palliative support for the affected community.

According to the SSG, “Governor Fubara remains deeply committed to the welfare of the people of Bille Kingdom. Although unable to attend in person due to pressing state engagements, he is fully aware of the situation and determined to tackle the root cause of the environmental challenge”.

The governor assured residents that the state government would not relent in its efforts to provide a permanent solution to the gas emissions, emphasizing that the current intervention is only a temporary measure to ease the suffering of the people.

He further urged members of the community to remain law-abiding and continue supporting his administration, noting that he has consistently demonstrated a track record of fulfilling his promises.

Earlier, the Chairman, Council of Chief for Bille Kingdom, Chief Bennet Dokubo, expressed joy over the State visit, describing Fubara as a leader who listens to the plight of the people.

He urged the governor to critically look into the gas emission which he described as dangerous to human health.

“If we take you into the river, we notice that the entire environment is bubbling and smelling.

“We most humbly urge you to critically look into this situation. This is something strange we have never experienced before. It is not good for human health,” the monarch stressed.

 

 

 

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Easter: FG Declares Friday, Monday Public Holidays

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The Federal Government has declared tomorrow (Friday) and Monday, April 6, 2026, as public holidays to mark this year’s Easter celebration.

Minister of Interior, Olubunmi Tunji-Ojo, made the declaration on behalf of the Federal Government through a statement signed by the Permanent Secretary in the ministry, Dr Magdalene Ajani.

The ministe congratulated all Christians in Nigeria and in the diaspora on the joyous occasion of Easter, and urged Nigerians to imbibe the virtues of selflessness, forgiveness, forbearance and love as exemplified by the life and teachings of Jesus Christ.

He reiterated that the goal of the government remains to make decisions that would bring about national rebirth, economic growth, and shared prosperity.

The Tide reports that good Friday will be marked tomorrow, while the Easter Sunday will be celebrated on Sunday across the world.

 

 

 

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Fubara Reads Riot Act To New SSG, CoS …Warns Against Unauthorized Meetings

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Rivers State Governor, Sir Siminalayi Fubara, has charged the newly appointed Secretary to the State Government (SSG)  and Chief of Staff (CoS) to carry out their duties with discipline, loyalty and a firm commitment to the success of the  administration and the wellbeing of the people of Rivers State.

The governor warned that any involvement in unauthorised nocturnal meetings or any  conduct capable of embarrassing the government will attract immediate dismissal.

Fubara gave the warning yesterday shortly after the newly appointed  Secretary to the State Government (SSG), Dr  Dagogo S.A. Wokoma and the new  Chief of Staff (CoS), Barrister Sunny Ewule, were  sworn in at the Executive Council  Chambers of Government House, Port Harcourt.

As part of the ceremony, the  Chief Registrar of the State High Court, David Ihua-Maduenyi   administered the Oath of Allegiance and Oath of Office on the duo before the governor gave his charge.

Addressing the appointees, Fubara reminded them that their elevation to the new positions was a call to service and not a platform for political grandstanding or the  pursuit of  personal ambition.

He stressed that their foremost responsibility should be to themselves and to the people of Rivers State, stressing that their conduct must always  reflect integrity, restraint and dedication to public good.

Speaking directly to Dr. Wokoma, whom he described as an accomplished academic and mathematician, the governor   expressed confidence in his intellectual depth and capacity to deliver on the new assignment.

The office of the Secretary to the State Government, Fubara stressed, demands thoroughness, discipline and a deep sense of responsibility. He charged the SSG  to  represent the State with honour at all times.

“Your duty includes representing the state government. You need to represent us in a way and manner that will bring honour to us.

“What is important to this administration is to see that the good works that we started  and the ones that we met, are concluded in a way that will bring progress and development to our dear state,” he stated.

Turning to the new Chief of Staff, the governor explained that  he  is expected to ensure smooth administrative coordination, managing  official engagements effectively and safeguarding the image of the Government House.

He underscored the sensitive and personal nature of the role and emphasised  that the position operates strictly under the  authority of the governor.

Fubara stressed   that  the role   does not permit independent political engagements or private strategy meetings  without his knowledge and consent.

“Let me sound it here very clearly. Your duty  is to make sure that you handle the administrative duties  and image making roles perfectly well,  liaising with whoever is coming for any official assignment here.

“If you involve yourself in nocturnal meetings and all those things, I will sack you. I’m very serious. What is important to me today is peace, progress and prosperity of this state. I’m not going to compromise anything for it,” he said.

The governor cautioned that involvement of the new appointees in  any action capable of bringing  the government or his office to disrepute would attract appropriate sanctions.

While congratulating the new appointees, Fubara expressed optimism that they would justify the confidence reposed in them.

He called on all public officials to work together in unity, observing that collective success is stronger and more enduring than individual achievement.

The governor who also addressed the Permanent Secretaries present at the ceremony, directed those of them who have reached retirement age to start   preparing their handover notes without delay.

The notice, he said, was not intended to scare anybody but to prepare their minds towards the inevitability of exiting the service  one day and to pave way for an orderly transition.

He warned against any attempt to engage in financial misconduct or last-minute irregularities, stressing that he was closely monitoring  the system to ensure strict enforcement of accountability rules.

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