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Probe $15.8bn NLNG Dividends To NNPC -NEITI
The Nigeria Extractive Industries Transparency Initiative has urged the Federal Government to probe the status and utilisation of dividends and loan repayments by NLNG to NNPC from 2000 – 2014.
The Executive Secretary of NEITI, Waziri Adio, made the call in a statement signed by its spokesman, Dr Orji Ogbonnaya Orji, yesterday.
According to him, the federal government should institute an independent investigation into NLNG dividends to NNPC from 2000 to 2014, amounting to $15.82bn.
According to Adio, NEITI policy brief stated that “since the Federation’s shareholding in NLNG is held through NNPC, dividends are paid to NNPC, which should remit same to the Federation.
“However, NEITI’s audits have revealed that until 2015, NNPC failed to remit the interests and dividends from NLNG to the Federation Account,’’ he said.
He said that the total outstanding dividends and loan repayments by NLNG to NNPC not remitted to the Federation account stood at over $15.8bn.
Adio said the payments were traced to NNPC accounts by its independent auditors but there was no trace of its remittance to the Federation Account as required by the Constitution.
On domestic crude allocation and management, Adio raised concerns that earnings from the daily allocation of 445,000 barrels for domestic use have not been properly accounted for.
“First, the refineries have been operating at below full capacity for a long time and currently process less than 100,000 barrels per day.
“Between January 2015 and September 2016, NNPC lifted a total of 245.4 million barrels of crude oil for domestic use.
“Out of this total, only 24.7 million barrels were delivered to the refineries. This represents a mere 10.06 percent of the total crude oil lifted for domestic use for that period.
“The remainder of this allocation was exported through a variety of channels: 64.8 million barrels or 26.4 percent were exported directly; 97.6 million barrels or 39.77per cent were sold under the Offshore Processing Agreements (OPA).
“And 58.29 million barrels or 23.75 percent were sold under the Direct Sales – Direct Purchase (DSDP) scheme,’’ Adio said.
He noted that concerns raised in NEITI’s audits by other stakeholders about the inefficiency of these arrangements, especially the OPA, led to the discontinuation of the OPA in April 2016.
However, “NEITI audits have shown that earnings from transactions arising from domestic crude allocation have not been fully remitted to the country’s treasury.
“Between January 2012 and July 2013, total revenue for domestic crude sales was $28.2bn but NNPC only remitted $14.54bn.’’
While calling for measures to recover over $14.5m so far disclosed in its reports, Adio called for an urgent review of this arrangement to avoid huge revenue loss and leakages.
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.
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.
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.