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Probe NNPC Subsidy Fraud Now – ADP

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The Action Democratic Party (ADP) has mandated the National Assembly to wade into the subsidy controversy and probe it.
In a statement issued in Lagos last Saturday by its Lagos spokesman, Prince Adelaja Adeoye, the ADP said that the discrepancies in the subsidy claim have further created tensions, controversies and doubts in the minds of Nigerians.
While he explained in details some of the issues that have emerged from the process, Adeoye called on the Senate President, Dr Bukola Saraki to urgently set up a committee to look into the subsidy controversy.
According to ADP, “The current fuel scarcity that has left Nigerians in a sorry state, in this festive season, has revealed monumental fraud in the Nigerian National Petroleum Corporation (NNPC), through its involvement in secret payment of subsidy.
“This is of huge significance because, the Buhari’s government had told Nigerians that subsidy was removed in early 2016,” the party said.
The party further said that in the wake of the present fuel scarcity, the President Muhammadu Buhari-led All Progressives Congress government had blamed the problem on major oil marketers, whom it alleged were asking for an increase in the pump price of fuel.
However, the oil marketers later countered the allegation, maintaining that their problem with the government, was far from the alleged demand for pump price increase; and went on to reveal that they were being owed huge sum by the Federal Government in subsidy payment.
The revelation, immediately prompted an outcry from Nigerians who demanded to know what subsidy the marketers were talking about, taking into account that the Buhari government had told the nation, in early 2016, that fuel subsidy has been removed, a development, which led to the increase in pump price from N87 to N145.
The party said that in its explanation in May, 2016, through Vice President, Prof Yemi Osinbajo, the Federal Government said that “First, the real issue is not a removal of subsidy. At $40 a barrel, there isn’t much of a subsidy to remove.
“We realised that we were left with only one option. This was to allow independent marketers and any Nigerian entity to source their own foreign exchange and import fuel. We expect that foreign exchange will be sourced at an average of about N285 to the dollar, (current interbank rate). They would then be restricted to selling at a price between N135 and N145 per litre.
What this meant was that marketers were importing fuel and selling as dictated by the market forces, with little government regulation to avoid excessive pricing of the sales of fuel to the Nigerian masses”.
Also speaking with Nigerians in October, 2016, in an interactive session in Berlin, Buhari said, “There are things that are happening, and if such had happened before, there would have been major riot, like the removal of subsidy on fuel.”
These are the reasons ADP said it was in total disbelief to hear that there was still anything called subsidy, associated with fuel.
“In a swift reaction, and to cover this fraud or probably to silence Nigerians who kept demanding for an explanation of this sudden subsidy claim,” the party noted that “Osinbajo told the nation that NNPC and not the Federal Government is responsible for the subsidy payment.
“NNPC and not the Federal Government pays for the fuel subsidy that has emerged with the N171 landing cost as against the official retail price of N145,” the ADP quoted Osinbajo as saying.
ADP said “This new claim has further angered Nigerians who couldn’t figure how NNPC became responsible for subsidy payment and not the Federal Government, more so that as an agency of government, NNPC can only spend money within the budget. Meanwhile, there has not been any budget for subsidy for two years running.
“Now to avoid the probing questions of Nigerians, NNPC GMD, Maikanti Baru, while responding to questions at Aso Rock Villa, after the Friday prayers, said that Buhari authorized the payment of subsidy for fuel.
“The practice has been that every monies collected by all Federal Government agencies and parastatals are mandatorily paid into the Treasury Single Account (TSA), from where approval is given for withdrawal, by same agencies in line with their budget. What this means is that NNPC has either not been paying into TSA or has been short paying. We must remember that just recently, a House committee discovered the sum of N50billion in NNPC secret account, outside the TSA. The NNPC was quick to say, Buhari ordered it to put the N50billion into such secret account. This is besides the $25billion contract it awarded without due process, which it also claimed, Buhari authorised,” the ADP argued.
The ADP, therefore, called on the Senate to do the needful by investigating the NNPC’s subsidy fraud, to save Nigeria from the monumental fraud supervised by Baru and his team at NNPC.

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Independence Anniversary:  Nigeria Is A Failed Grandfather – Monarch 

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A first class traditional ruler in Rivers State, His Royal Majesty, King Aaron Ikuru, has described Nigeria at 65 as a grandfather who cannot provide leadership to other African Countries.

The monarch  stated this in an interview at his palace in Ikuru Town, yesterday.

According to him, Nigeria would have been a  developed country to set the pace in the whole of Africa, considering its numerous resources.

“Nigeria is a grandfather but not behaving as a grandfather. Our country, Nigeria, before and from the era of Independence was in the state of becoming a great country, but unfortunately is not becoming anything.

“We should be far ahead with what we have in the country. God blessed us, we have almost what it takes in terms of mineral resources, manpower amongst others that can drive speedy development in the country.

“If we’re able to harness all the things we have, even America by now would have respected us”, he  said.

While blaming the past leaders of the country, the monarch called on the current leadership of the country to redouble efforts in order to narrow the differences in terms of development, exchange rate between naira and foreign currencies.

King Ikuru, who is also the Chairman of Andoni Area Traditional Rulers Council, however, lauded the efforts of the founding fathers, past leaders of the country for the achievements so  far.

He also expressed optimism that Nigeria would be great, calling on the opinion leaders to shun tribalism and political intolerance in the country.

 

“If Nigeria should experience rapid development in all sectors, it means we must shun tribalism and political intolerance, the interest of our country must be our priority.

“We need to fight corruption vigorously, and leaders must show good example of discipline and integrity”, he said.

The monarch used the opportunity to wish Nigeria happy independence anniversary.

By: Enoch Epelle 

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FG begins payment of N32,000 pension increment to retirees – PTAD

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The Pension Transitional Arrangement Directorate has announced the start of implementation of the new pension increments for pensioners under the Defined Benefit Scheme, saying the adjustments will be reflected in the September 2025 payroll cycle.

In a statement signed by Management and posted on its X handle, PTAD said the increase package includes a fixed N32,000 payment alongside percentage increases of 10.66% and 12.95% for eligible categories, which will benefit about 832,000 pensioners under its management.

Recall that PTAD in August announced President Bola Tinubu approved a series of measures, including new welfare benefits for pensioners under DBS.

The approval follows a formal request by PTAD’s Executive Secretary, Tolulope Odunaiya, seeking an emergency budgetary allocation to implement pension reforms and welfare benefits for the scheme’s retirees.

The measures include a N32,000 pension increment, percentage increases for pensioners of defunct and privatised agencies, pension harmonisation for all DBS pensioners, enrolment into the National Health Insurance Scheme, and the settlement of long-standing unfunded pension liabilities.

In a statement yesterday, PTAD said the partial release of N820.188 billion by the Federal Ministry of Finance from the emergency funding has made it possible for pensioners to begin receiving the enhanced payments immediately.

The statement read, “Further to the President’s approval of the emergency budgetary allocation for the payment of the new pension increment rates for Pensioners under the Defined Benefit Pension Scheme (DBS) that was earlier published by the Pension Transitional Arrangement Directorate on Friday, 8th August, 2025, the Directorate is delighted to announce the commencement of the implementation of the 832,000, 10.66% and 12.95% pension increment for eligible pensioners under the management of PTAD, in the September 2025 pension payroll cycle.

“This achievement has been made possible through the partial release of 820.188 billion by the Federal Ministry of Finance, from the initial 845 billion emergency funding approval granted by the Federal Government.

“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS Pensioners in line with the Renewed Hope Agenda.”

The directorate thanked President Bola Ahmed Tinubu for approving the emergency allocation.

It also acknowledged the role of the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; the Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant-General of the Federation and key presidential aides and parliamentary committees for their “timely interventions” and support.

The statement also expressed appreciation to organised pension groups, including the Nigeria Union of Pensioners and the Federal Parastatals and Private Sector Pensioners Association of Nigeria, for their cooperation during negotiations and implementation planning.

“We further assure all our DBS Pensioners and Stakeholders that the Directorate will continue to collaborate with the relevant authorities towards release of the outstanding approved funds and subsequent fulfilment of all future obligations relating to the pension increments and the landmark reforms,” the statement added.

The DBS covers pensioners who retired before the introduction of the Contributory Pension Scheme in 2004, including those from defunct public institutions, privatised agencies, and treasury-funded parastatals.

Over the years, many have faced irregular payments, delayed harmonisation, and inadequate healthcare access, challenges that the new reforms are expected to address.

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Nigeria At 65: NOA urges citizens to foster unity, progress

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The National Orientation Agency (NOA) has urged Nigeria. citizens to remain united, peaceful to enhance development of the  nation  as it celebrates 65th independence anniversary.

Mr Mkpoutom Mkpoutom, Director of NOA in Akwa Ibom,  gave the charge in Uyo yesterday while addressing newsmen and stakeholders to mark the anniversary.

Mkpoutom said it was essential to recognise that the strength of Nigeria lay  in its diversity

“With over 250 ethnic groups and an array of languages, the nation embodies a unique blend of heritage.

“This diversity should be seen not as a dividing line but as a unifying force that propels the country toward progress.

“As Akwa Ibom embarks on another year,  it is crucial for all citizens to foster a sense of unity and shared purpose.

“Embrace dialogue, understanding and collaborate with the Renewed Hope Agenda of President Bola Tinubu in its efforts to addressing pressing challenges like poverty, security, education, and healthcare, thereby paving  way for a brighter future for all.”

The state director, however, appealed to Nigerians from all walks of life to renew their commitment to a more prosperous, peaceful, and equitable nation.

“Let this anniversary serve as a reminder of the collective strength that lies in every citizen,” he said.

He urged everyone to contribute positively to the development of a better society.

Mkpoutom urged the people and all citizens to honour the labours of heroes past, as they celebrated the present, while working diligently toward a future filled with hope and opportunities for generations to come.

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