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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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 We’ll Be Intentional In Our Support To Improve NYSC Scheme -Fubara

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Rivers State, Sir Siminalayi Fubara, has assured members of the National Youth Service Corps (NYSC) of his administration’s commitment to supporting and strengthening the scheme in the State.

Fubara gave the assurance last Friday at the NYSC permanent orientation camp, Nonwa-Gbam, Tai Local Government Area in the State, during the swearing-in ceremony of 2026 Batch B Stream II orientation course.

Represented by the Permanent Secretary, Cabinet Bureau, Office of the Secretary to the State Government, Dr. Promise Oguzie, the governor said the State Government would remain intentional in providing the necessary support to improve the NYSC scheme and enhance the experiences of corps members deployed to the state.

He charged the corps members to be role models and quality nation-builders in their service to the good people of Rivers State in particular, and Nigeria at large.

“I charge you to be exemplary, dedicated and committed in all you do. Take full advantage of all the camp programmes and activities to enrich yourselves”, he said.

In his welcome address, the State Coordinator of NYSC in Rivers State, Mr. Moses Oleghe, urged corps members to see their deployment to Rivers State as a “veritable opportunity to make meaningful contribution to the growth of the State in particular and Nigeria at large.”

He further charged them to serve with all sense of “integrity,  discipline, and the fear of God, especially when they will be engaged as INEC ad-hoc staff that will conduct the 2027 general elections.”

A total of 3,584 corps members composed of 1,421 males and 2,163 females were sworn in by the Chief Judge of Rivers State, who was represented by Justice Godspower Aguma.

 

 

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Fubara: Nigeria Needs God-fearing Leaders To Make Progress  …Applauds Seventh Day Adventist

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Governor of Rivers State, Sir Siminalayi Fubara, says Nigeria needs God-fearing leaders for the nation to move in the right direction and make meaningful progress.

The Governor stated this yesterday when he received in audience, the World President of the Seventh Day Adventist Church, Pastor Erton Kohler; his wife, Andriene Marques Kohler; daughter Mariana Marques Kohler and a retinue of ministers of  the church at Government House, Port Harcourt.

Fubara who hailed  the Seventh Day Adventist Church for its contributions to education and the grooming of future leaders in Nigeria,  expressed delight  that the  Church had over the years,  been investing in education at various levels and currently runs two universities in the country.

He commended the church for not only using its  institutions to spread the gospel of  Christianity but to groom future leaders for the country.

According to him, religion should not be just about defending one’s faith, but also  making meaningful impact on the lives of the people.

He said that by floating these educational institutions, the church has demonstrated capacity to support Nigeria  in the task of producing not only educated people but a breed of God-fearing  leaders.

“Our country is where  it is today because we lack the fear of God. If you have the fear of God, there should be a limit to what you can do because you understand the supremacy of God. But when God is not in your equation,  you’ll go beyond the line and that is what has brought us to where we are today.

“So, I feel very happy that you are contributing to the development of our future leaders in this country. We need the right people being in the right place; prepared properly with good minds; that is what we need, not just in Nigeria but round the whole world.,” he said.

Governor Fubara further observed that the absence of God-fearing people in high places to take the right decisions that could impact positively on the society,  has also given rise to other problems such as social  inequality, poverty, corruption  and criminality. According to him, Nigeria needs a  system where the average parent could afford  quality education for their children and a  guarantee that upon graduation, the average  child  will have the  capacity to compete favourably with anybody, anywhere in the world.

“If we have a  situation where the little money that you’re being  paid as wage can also afford you quality healthcare and after working at least for 15-20 years, you have a roof over your head, tell me why you should be involved in any kind of crime? At that point, you’ll feel secured and this attitude of insecurity about the future that leads to all the social vices  we have today won’t be there,” he said.

Governor Fubara expressed appreciation to  the  delegation for the visit and for their prayers for Rivers State, assuring them of his continued support for their programmes in the state.

Leader of the delegation and World President of the Seventh Day Adventist Church, Pastor Erton Kohler said he was in Nigeria for a special conference of the church during which thousands of the church’s  ministers will  be undergoing  an  empowerment programme to further equip  them for the task of herding their flocks and serving the society.

He expressed gratitude to the Governor for the warm reception accorded his entourage, saying the memory of the visit will linger in his mind for a lifetime.

Kohler disclosed that the Church has over twenty -four million  (24,000,000) members and more than 182,000 places of worship,  spread across 212 countries of the world.

 

 

 

 

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Rivers Assembly Approves Fubara’s 2026–2028 MTEF

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The Rivers State House of Assembly has approved the 2026–2028 Medium Term Expenditure Framework (MTEF) submitted by Governor Siminalayi Fubara.

 

This reaffirms the lawmakers’ commitment to enacting laws and taking legislative actions geared towards the overall development of the State.

 

The Assembly gave the approval during its Second Legislative Sitting of the Fourth Session held last Friday.

 

Speaking on the MTEF document during plenary, the House Speaker, Rt. Hon. Martin Amaewhule, noted that by the provision of Section 10(1)(b) of the Rivers State Fiscal Responsibility Law No. 8 of 2010, the MTEF ought to have been laid before the House in September 2025.

 

Amaewhule explained that traditionally, the document is expected to be presented four months before the commencement of the next financial year and immediately after the expiration of every three-year fiscal cycle.

 

He, however, stated that in the interest of the State and its people, the House considered it necessary to deliberate on the document, describing it as a precursor to the 2026 Budget Estimates.

 

The Speaker expressed concern that the year had already progressed significantly before the presentation of the framework.

During deliberations on the document, members examined the assumptions and projections contained in the MTEF and observed that strict adherence to the outlined fiscal parameters would ultimately serve the interest of Rivers people.

 

The lawmakers maintained that effective implementation of the framework would promote prudent financial management and enhance developmental planning across the State.

 

Following the debate and positive consideration by members, the Speaker put the question to the House and members voted overwhelmingly in support of the approval of the MTEF.

 

Meanwhile, during the same sitting last Friday, the House also received a petition from the Chairman of Obio/Akpor Local Government Council, Dr. Gift Worlu.

 

The petition was presented by the member representing Obio/Akpor Constituency II, Hon. Emilia Amadi.

 

According to the petition, concerns were raised over an imminent security breach, threats to lives, destruction of property and alleged forceful takeover of property by some lawless persons within parts of the Local Government Area.

 

Presenting the petition before the House, Hon. Amadi appealed to the lawmakers to revisit the matter and take necessary steps aimed at safeguarding lives and property in the affected communities.

 

The House is expected to further deliberate on the petition and consider measures to address the concerns raised in order to sustain peace and security in the area.

 

King Onunwor

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