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NEITI Clears NNPC In 11 Of 20 Audit Issues
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation (NNPC), in its past audit reports have been resolved.
In a statement in Abuja, NEITI, also noted that eight other issues in its past audit reports against the NNPC were currently being resolved, while only one issue was yet to be resolved.
The unresolved issue, according to NEITI, is the status of the Nigerian Liquefied Natural Gas (NLNG) payments, noting that a joint committee of NEITI and NNPC Joint Committee on Remediation and Mainstreaming, which made the disclosure, also recommended that NNPC publish a statement on the status of the NLNG account.
NEITI further stated that the NNPC pledged to look into the recommendation and to consult with the account owners, especially as it holds 49 per cent stake in NLNG on behalf of the country for which it receives dividends and other payments put at $16.8billion over a 15-year period.
In addition, NEITI said, “The eleven issues deemed fully resolved are: the outstanding liabilities by the Nigerian Agip Exploration (NAE), and the under-reporting of revenues receivable by NNPC as disclosed in the 2014 NEITI report.
“Others are non-compliance with the 30-day remittance rule by some crude oil and gas traders; payments of cash-call to the Nigerian Petroleum Development Company (NPDC), a subsidiary of the NNPC, after the company had acquired Federation Joint Venture assets in the Nigerian Agip Oil Company (NAOC), Joint Venture (JV); and payment of cash-calls to NPDC after it had acquired Federation Joint Venture assets in the Shell JV.
“Inconsistencies in records of cash-call payments; expending cash-call on non-cash-call items; issuance of revenue receipts as at when due; payment of consideration on NAOC Joint Venture assets divested to NPDC; outstanding Pay as you Earn (PAYE), liabilities; and outstanding payment from domestic crude allocations.”
The eight issues deemed partially resolved, NEITI said, are: “Over-recovery by NNPC under the Petroleum Support Fund Scheme (PSF); NPDC’s unremitted Niger Delta Development Commission (NDDC) levy; accumulated unremitted gas flare penalties; unremitted balance for crude oil lifting from NPDC, Shoreline and Seplat JVs.
“Outstanding NPDC’s Petroleum Profit Tax Liability; unremitted crude oil royalties for 2014, 2015, and 2016; balance of the value of the eight OMLs assigned by NNPC to NPDC from Shell JV between 2010 and 2011; and upfront deductions from domestic crude allocations.
“Payment plans had been developed between NNPC and the beneficiaries and payments are being made according to the plans. NNPC, which committed to a transparent and accountable framework for deductions from domestic crude allocations, is expected to provide regular updates on progress on the eight issues until they are fully resolved.”
NEITI stated that the joint committee was inaugurated on November 21, 2019 by the heads of the two institutions NEITI and NNPC and was charged with reconciling 20 legacy issues, producing a status update, and making recommendations for deepening transparency within the NNPC.
It explained that “after reviewing documents and deliberating for about a year, the committee recently presented its report to the senior management teams of the two organisations, which reviewed the report and approved as follows: 11 issues (or 55 per cent) are deemed fully resolved; eight issues (or 40 per cent) are deemed partially resolved or ongoing; and one issue (5 per cent) is yet to be resolved.”
Commenting on the joint committee’s report, Executive Secretary of NEITI, Mr. Waziri Adio, said: “We acknowledge the significant strides towards openness by the current management of NNPC. While remediation is about looking back, mainstreaming is about looking forward.
“Both are about being transparent and being accountable. And what we have seen on both fronts is concrete commitment. We urge you to keep this up and we want you to know we are always here to partner with you.”
On his part, Group Managing Director of the NNPC, Mallam Mele Kyari, said: “NNPC is committed to expanding the frontiers of transparency and accountability. We believe there should be full disclosure of our transactions, not just in alignment with the EITI, but also because Nigerians need to have full visibility of our operations. We are always eager to work with NEITI on this.”
News
Forum Expresses Confidence In APC Candidates’ Performance In Rivers
The Rivers State chapter of the All Progressives Congress Christian Leaders Forum has expressed strong confidence in the capacity of All Progressives Congress (All Progressives Congress) candidates in the state to deliver effective governance if elected into office in the coming elections.
The State Coordinator of the forum, Archbishop Lucky Aroh, made this known during a breakfast and thanksgiving meeting held in Port Harcourt, where leaders gathered to pray for the stability of the party and the safety of its candidates ahead of the 2027 general elections.According to him, the meeting was convened to seek divine intervention for peace, unity, and security among APC candidates across Rivers State.
“Today we are praying for APC stability in Rivers State and the security of our candidates that have been elected to contest the 2027 elections. It is a breakfast meeting,” Aroh said.
He further expressed optimism that the party’s candidates would not disappoint the people if entrusted with leadership responsibilities.
“They will not fail when elected into office. We are here as fathers of the land to let them know, and I must tell you the truth that these are the authentic people that will do well in Rivers State,” he added.
Speaking earlier, the National Chairman of the forum, Professor Olanrewaju Abraham, commended the Rivers State chapter for organizing the programme, noting that the national body of the forum believes strongly in the power of prayer.
He stated that political leadership provides an opportunity to influence society positively, including advancing moral and spiritual values, while expressing confidence that APC candidates at all levels would emerge victorious in the upcoming elections.
Also speaking, the Rivers State Women Leader of the APC, Hon. Darling Amadi, praised the forum for its commitment to prayers for peace, stability, and the protection of party candidates.
Represented by the Deputy Women Leader of the party in the state, she described the initiative as commendable and urged other political and support groups within the party to emulate the gesture in promoting unity and stability.
By: John Bibor, Menebe Emmanuel & Fortune Paibi
News
Okafor, Eminent Nigerians Celebrate Osagwe-Ogo At 70
Prominent businessman and philanthropist, Elder Anthony Osagwe-Ogo, was celebrated in grand style as he marked his 70th birthday anniversary, with distinguished Nigerians, business leaders, and golf enthusiasts gathering to honour his remarkable contributions to society.
The colourful celebration took place at the Port Harcourt Golf Club, where friends, associates, and well-wishers converged to pay tribute to the revered elder statesman.
Chairman of the occasion, High Chief (Dr.) Ikenna Okafor, described the celebrant as a detribalised Nigerian whose generosity, humility, and commitment to humanity have earned him admiration across different communities and backgrounds.
According to Dr. Okafor, Pa Osagwe-Ogo’s impact on society and the development of his community remains unparalleled. He noted that members of the golfing community are proud to be associated with a father figure who consistently promotes the welfare and well-being of those around him.
He further stated that the history and growth of the Port Harcourt Golf Club cannot be told without acknowledging the significant role played by the celebrant, whose wisdom, encouragement, and leadership have helped sustain the club over the years.
“We are here to celebrate a man who has impacted humanity positively, a peace-loving individual and an epitome of hope for the younger generation. We pray to emulate his virtues. Today, we celebrate a bridge-builder, a trailblazer, and an iconic leader whose life continues to inspire many,” Dr. Okafor said.
He expressed delight at the large turnout of guests from various walks of life, describing it as a testament to the respect and affection Pa Osagwe-Ogo commands within and beyond Rivers State.
In his response, the celebrant, Pa Anthony Osagwe-Ogo, expressed profound gratitude to God for preserving his life and granting him the privilege of attaining the milestone age of 70.
He also thanked members of the Port Harcourt Golf Club, family members, friends, and associates for identifying with him during the celebration and for their unwavering support over the years.
The event featured the cutting of the birthday cake, presentation of awards to deserving members of the club, goodwill messages, and moments of celebration among guests.
The ceremony was attended by notable personalities from the business community, the golfing fraternity, and other sectors, all of whom joined in celebrating the life and legacy of the respected elder statesman.
News
Fubara Commended For Sustaining Peace In Rivers As Sirawoo Receives Democracy Day Recognition
Rivers State Governor, Sir Siminalayi Fubara, and the Permanent Secretary of the Rivers State Ministry of Information and Communications, Dr. Honour Kuru Sirawoo, have been honoured with awards of recognition in connection with the 2026 Democracy Day celebrations held in Port Harcourt.
The awards, which formed part of activities marking Nigeria’s Democracy Day on June 12, were formally presented on Tuesday at the Ministry of Information and Communications in Port Harcourt.
Presenting the awards was Hon. Abdul Hameed Oladipupo Alli, popularly known as “Mr. Nigeria,” Publisher of Asiwaju Trumpet Magazine and Achievers World International Magazine.
Governor Fubara was recognised for his efforts in sustaining peace, stability, and a conducive political atmospherJohn Bibor / Menebe Emmanuel / Fortune Paibie in Rivers State. The organisers noted that his administration has fostered harmony and strengthened civic participation across the state.
Dr. Sirawoo, on the other hand, was honoured for his exemplary administrative leadership and significant contributions to effective information management within the Ministry of Information and Communications.
Representing Dr. Sirawoo at the presentation ceremony, Dr. Christian Davies received the award on his behalf and expressed gratitude for the recognition. He described the honour as a reflection of Dr. Sirawoo’s unwavering commitment to professionalism, excellence, and dedicated public service.
Dr. Davies assured the organisers that the award would be formally conveyed to the Permanent Secretary.
The event also featured the presentation of commemorative publications highlighting major governance and civic milestones in Rivers State, including Easter celebrations, Workers’ Day activities, the Governor’s third anniversary in office, and Democracy Day programmes.
Organisers of the awards commended the Rivers State administration for what they described as sustained peace, political stability, and improved civic engagement, noting that these achievements have contributed significantly to the state’s continued development.
By: Jessica Sambol
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Forum Expresses Confidence In APC Candidates’ Performance In Rivers
