Politics
Reps Probe NNPC’s $100m Insurance Policy On Non-Existing Assets
An investigative hearing into the $100 million premium allegedly paid by Nigerian National Petroleum Corporation (NNPC) and Joint Ventures (JVs) for non-existing assets overseas as well as the implementation of insurance policies of other Ministries, Departments and Agencies (MDAs) has began.
Rep. Darlington Nwokocha, Chairman, House Committee on Insurance & Actuarial Matters, flagged off and presided over the 10-day investigative hearing/pre-forensic Audit meeting.
He explained that the exercise was necessitated by alleged breaches on insurance by insurance business practitioners; low retention capacity of dollar-denominated insurance business and the effect on the economy; and under-utilisation of capacity of insurance policy, the practice and effects of domiciling insurance ventures abroad.
According to him, others are issues and prospects of ineffective regulation of foreign placements of insurances; alleged loss of billions of naira by the nation through insurances of moribund assets, non-existent assets and high premium rates; alleged huge unsettled life insurance claims, poor handling of Group Life insurance schemes, its effects on the motivation and productivity of working class citizens and non-payment/un-allowed deductions on entitlements of the surviving families.
Nwokocha explained that after the pre-forensic meeting, the Committee would deploy Forensic Auditors to NNPC and all the MDAs as well as insurance companies and brokers handling the portfolios.
The chairman, who underscored the importance and contribution of insurance to the economies in other climes, however, observed that the story is different in Nigeria.
He said: “I want to assert one thing before my colleague moves the motion. Let me talk to all of us, particularly those of us sitting today. We have a 10-day investigative hearing that will be taking place every day, it is not a joke.”
Politics
Tinubu Increases Ambassador-nominees to 65, Seeks Senate’s Confirmation
President Bola Tinubu has increased the number of Ambassador-nominees to 65 and forwarded their names to the Senate for confirmation.
The president’s request, read in plenary Thursday by the Senate President, Godswill Akpabio, consists of 34 career ambassadors and High Commissioners as well as 31 non-career ambassadors and high commissioners.
The Presidency had last week released the names of 32 ambassador-nominees, featuring names of some prominent Nigerians.
Notable nominees among the non-career ambassador-nominees are: Sen. Ita Enang from Akwa-Ibom, Sen. Jimoh Ibrahim (Ondo) and Sen. Folasade Bent (Adamawa) and Segun Ige (Edo)
Three ambassador-nominees, namely: Kayode Are (Ogun), Aminu Dalhatu (Jigawa) and Ayodele Oke (Oyo), earlier forwarded to the senate, had been screened by the Committee on Foreign Affairs.
The new nominees had consequently been forwarded to the committee for screening within one week.
The full list of the ambassadorial nominees per state reads: “Ezenwa Chukwuemeka (Abia), Maimuna Ibrahim (Adamawa), Monica Ogochukwu (Anambra), Mohammed Lele (Bauchi),
Endoni Sindo (Bayelsa) and Ahmed Mohammed Monguno (Borno).
Others are Jane Adams Michael (Cross River), Clark Alexandra (Delta), Chimma Davies (Ebonyi),
Oduma Ehinose (Edo ), Segun Ige (Edo), Adeyemi Emmanuel (Ekiti), Onaga Kingsley (Enugu) and Magaji Umar (Jigawa).
Other nominees in the category of Career Ambassadors are Mohammed Dahiru (Kaduna), AbdulSalam Zayat (Kano), Shehu Barde ( Katsina ), Aminu Nasiu ( Katsina ), Abubakar Musa-Musa ( Kebbi) ,Mohammed Idris ( Kebbi) ,
Bako Adamu Umar (Kogi).
” The rest are: Sulu Gambari (Kwara), Ramata Mohammed (Lagos), Shaga John Shama (Nasarawa), Salau Mohammed (Niger) and Ibrahim Danlami (Niger).
Others are: Adeola Mopelola (Ogun),
Ruben Samuel (Ondo), Akand Adekola (Osun), Adedokun Esther (Oyo), Gedagi Joseph (Plateau), Luther Ayokalata (Rivers), Danladi Yaku (Taraba) and Bello Dogondaji (Zamfara).
Names on the list of the 31 non-career ambassadorial nominees are Sen. Grace Bent (Adamawa), Sen. Eta Enang (Akwa – Ibom), Nkechi Okocha (Anambra ),
Mahmood Yakubu (Bauchi), Philip Ikurusi (Bayelsa).
They include Paul Oga Adikwu (Benue), retired Vice Adm. Ibok Ibas ( Cross River), Abasi Braimah (Edo) and Erelu Adebayo (Ekiti).
Others are: Olumilua Ayotunwa (Ekiti),
Ifeanyi Ugwuanyi (Enugu State), Mrs. Chioma Ohakim (Imo ), retired Lt.-Gen. Abdulrahman Bello Dambazau (Kano State).
“The rest are; Tasiu Maigari (Katsina), Alhaji Abubakar Aliyu (Kogi) and Olufemi Pedro (Lagos) “Mohammed Aliyu (Nasarawa State),
Sen. Jimoh Ibrahim (Ondo) Joseph Iji (Ondo), Fani-Kayode (Osun), Prof. O. Adewole (Osun), Florence Ajimobi (Oyo), Lola Akande (Oyo), Prof. Nora Daduut (Plateau), Yakubu Gambo (Plateau).
“Chukwujinka Okocha (Rivers ), Haruna Abubakar ( Sokoto ), Jerry Samuel Manwe (Taraba) and Adamu Nangree (Yobe).
Politics
Cleric Tasks APC On Internal Stability, Warns Otti
He predicted that before the next election cycle, Abia’s political landscape would witness broken alliances, surprising mergers, and new contenders emerging from within established networks.
Prophet Arogun concluded with a broader appeal to Nigeria’s political leaders, emphasizing the need for justice, peace, and integrity in public governance.
“Nigeria is the assignment. Only righteousness will stabilize this nation. Only fairness will preserve the mandate. Let those who have ears hear”, he said softly.
Politics
DEFECTION: DON’T HIDE UNDER OLD SENTIMENTS TO FIGHT DIRI – AIDE
-
Business1 day ago
Shippers Council Vows Commitment To Security At Nigerian Ports
-
Business1 day agoNigeria Risks Talents Exodus In Oil And Gas Sector – PENGASSAN
-
Business1 day agoCBN Revises Cash Withdrawal Rules January 2026, Ends Special Authorisation
-
Business1 day ago
NCDMB, Others Task Youths On Skills Acquisition, Peace
-
News1 day agoTinubu Swears In Christopher Musa As Defence Minister
-
Business1 day agoFIRS Clarifies New Tax Laws, Debunks Levy Misconceptions
-
online games2 days agoHow Pocket Option Works: A Complete Beginner’s Guide
-
Women1 day agoRIVERS NAWOJ AND PHACCIMA PARTNER TO STRENGTHEN MUTUAL GOALS
