Connect with us

News

Senate Probes Brass LNG Over $784m Fraud …As Reps Indict FG On Poor TSA Implementation

Published

on

The Senate has mandated its committees on public accounts and gas to investigate the alleged $784,265,947.54 fraud and other activities of Brass Liquefied Natural Gas (BLNG), including an illegal account in the name of the Federal Government.
Drawing the attention of senators to the issue, last Wednesday, Dino Melaye (Kogi-APC) accused the Nigerian National Petroleum Corporation (NNPC) of operating a fraudulent account in the name of the government.
Presenting a motion titled “Monumental Corruption at the NNPC”, Melaye noted that the Brass LNG was incorporated by the Corporate Affairs Commission on December 9, 2003, and limited by shares of $1million.
He said: “The Senate observes that the shareholders of this company are: the Federal Government (NNPC) represented by Mr Funsho Kupolokun with $490, 000 shares, Philip Brass Limited whose address is in Cayman Island, British West Indies represented by Mr R.L. Smith with a share capital of $170, 000, Eni International B.V. with address in Amsterdam, Netherlands represented by Mr A. Forzoli with share of S170, 000, while the fourth shareholder – Chevron Texaco Brass LNG Limited with address in Bermuda is represented by Mr J.R. Pryor with a share of $170, 000.”
Melaye said the board of directors of the company was composed of foreigners and five Nigerians, all NNPC staff or ex-staff members.
He listed them to include former Group Managing Directors of NNPC, Gauis Obaseki-Jackson and Yakubu Andrew; Ibogomo Gbeyansa, Dawa Joseph Thlama, Ige David, and Buba Mohamman, all staff of NNPC.
Melaye added: “The Senate observes that from the Memorandum of Understanding, Brass LNG is supposed to be a Joint Venture Company with NNPC having the controlling shares and their account domiciled with the CBN.
“The Senate is surprised that the account of this company is with Keystone Bank opened on August 1, 2012, with account number 1005825168; a USA domiciliary account with a closing balance of $137, 086, 462:54 currently, while $648, 179, 487 was recorded as the account’s last inflow on September 19, 2016, and a withdrawal of $4million was effected on the 18th November, 2016, without BVN.”
He stated that there was an urgent need to define the position of the company, its operation, management and mandate in order to halt the seeming corruption.
The Senate in its resolution mandated its committees on public accounts and gas to carry out a ‘holistic investigation into the activities of the Brass LNG and the complicity therein as well as the level of corruption that has taken place, and report back within four weeks.’
Meanwhile, the Chairman of the House of Representatives Ad-Hoc Committee on the Treasury Single Account (TSA), Abubakar Danburam Nuhu has indicted the Federal Government for poor ownership and implementation of the TSA policy, even though it is frequently highlighted by the Presidency as one of its greatest achievements.
He said that the TSA lacks a coordinated office in charge of its implementation and monitoring.
“Issues are being raised by so many people and they do not have answers to them. Who should be responsible for implementation and monitoring?” he asks.
Nuhu, therefore, called for the establishment of a TSA agency to be headed by a director.
He made this point, yesterday, as a guest on Channels Television Business Morning Show, where he was joined by an Economic Analyst from Proshare Nigeria, Babalola Tope, to discuss some of the unfinished businesses surrounding the TSA policy.
The lawmaker said although TSA has been of great benefit to the government, curtailing corruption, blocking leakages and cutting off arbitrary charges previously collected by commercial banks, “The unfortunate thing with the TSA is that there are so many issues that are lingering and affecting the smooth implementation of the account.
“My committee has been doing a lot of work in terms of trying to investigate the TSA for quite some time now but the challenges that are there need to be resolved.”
Stating some of the challenges, he said “For the last two years, the TSA has not been audited and when we called the Auditor General (AuGF), it seems that he has not been part of the TSA implementation. He had to confess to us that there hasn’t been any audit in the last two years.
“Also, there has been no reconciliation between the office of the Accountant General of the Federation (AGF) and the Central Bank of Nigeria (CBN).”
Nuhu also revealed that the foreign currency component of the TSA has yet to be activated for unknown reasons.
“Therefore no one knows exactly how Federal Government funds collected in the Diaspora are administered.
“This means all accounts which are foreign denominated are not yet part of the TSA. They are still sitting in banks, which are probably out of the country or even in Nigeria,” he emphasised.
As at March, 2017, the Minister of Finance, Kemi Adeosun, had revealed that the TSA has processed over N7trillion.
It was also revealed that over 20,000 commercial bank accounts where government revenue where previously stashed had been closed, saving the government about N4.7billion monthly in bank charges.
Although the TSA policy was partially implemented during the Dr Goodluck Jonathan era, the current administration led by President Muhammadu Buhari holds it up as its biggest economic reform strategy.
However, details emerging clearly show that the policy faces serious risks bothering on non-compliance by some agencies and failure to consolidate the policy – giving it a proper legislative backing such that its sustainability beyond the current administration is guaranteed.
Also, it was revealed that the service providers who are responsible for facilitating payments into the Treasury Single Account are being owed by the government.

Continue Reading

News

Rivers Govt Hails Anglican Church’s Role In Peace, Development

Published

on

The Rivers State Government has commended the Church of Nigeria (Anglican Communion) for its outstanding contributions to the development of Rivers State, particularly in the areas of peacebuilding, education, healthcare, and moral development.
Governor of Rivers State, Siminalayi Fubara, stated that the Church has remained a dependable partner in promoting peace, unity, justice, moral discipline, and social harmony across society.
The Governor, who was represented by the Secretary to the State Government, Dr. Dagogo Wokoma, made the remarks during the thanksgiving service marking the 30th Anniversary and First Session of the 11th Synod of the Diocese of Niger Delta North, held at St. Peter’s Anglican Church on Sunday.
Governor Fubara described the Synod’s theme, “Kingdom Advancement: The Priority of Every Believer,” as timely and relevant, considering the prevailing realities in society.
According to him, the Church continues to play a vital role in shaping societal values and inspiring hope among citizens.
“The Church remains a vital partner in promoting peace, unity, justice, and moral discipline. Its role in shaping values and inspiring hope cannot be overemphasized,” he stated.
The Governor further acknowledged the Anglican Communion’s contributions in education, healthcare delivery, youth empowerment, humanitarian services, and spiritual guidance across communities in Rivers State.
“The Rivers State Government appreciates the invaluable contributions of the Anglican Communion in education, healthcare, youth development, humanitarian support, and spiritual guidance. Your impact across communities in Rivers State continues to strengthen families and promote peaceful coexistence among our people,” he added.
Governor Fubara reaffirmed his administration’s commitment to building a peaceful, united, and prosperous Rivers State where all citizens can thrive irrespective of religion, ethnicity, or social background.
He also urged the Synod to continue praying for sustainable development and progress in Rivers State and Nigeria at large.
Earlier in his sermon, the Guest Minister, Joseph Olushola, spoke on the topic, “Kingdom Investment and Internal Rewards,” urging Christians to remain faithful stewards of God’s blessings and committed to advancing God’s kingdom through service and generosity.
The cleric emphasized that believers are custodians of the virtues and resources entrusted to them by God, stressing that divine rewards are based on faithfulness and impact rather than material possessions.

Continue Reading

News

Shell, MAN Back Rivers’ Drive For Expanded Gas Supply To Industries

Published

on

The Shell Nigeria Gas Limited, in partnership with the Manufacturers Association of Nigeria (MAN), has reaffirmed support for efforts to expand gas distribution infrastructure in Rivers State as part of initiatives aimed at improving access to affordable, cleaner and more reliable energy for industries across the South-South region.
The commitment was highlighted during the SNG–MAN Business Forum held in Port Harcourt, where stakeholders from the industrial and public sectors examined the role of natural gas in driving industrialisation, boosting local production and strengthening energy security.
Speaking at the forum on behalf of the Managing Director of Shell Nigeria Gas Limited, the company’s Head of Gas Distribution, Mr. Chukwuka Amos Ejesi, described natural gas as a critical component of Nigeria’s energy mix and a key driver of sustainable industrial growth.
According to him, Nigeria’s gas development agenda has reached a stage where policy direction must be matched with practical implementation capable of addressing the energy challenges confronting manufacturers.
He noted that pipeline gas offers industries a cleaner, more dependable and cost-effective energy alternative capable of supporting uninterrupted operations, reducing emissions and improving production efficiency.
“Gas is the backbone of manufacturing, and we are encouraged by the growing recognition among stakeholders of the need for cleaner and more reliable energy solutions,” he said.
Ejesi stressed the need for sustained collaboration among energy providers, government institutions and industrial stakeholders to maximise the country’s gas resources for economic development.
He added that improved gas infrastructure would strengthen manufacturing value chains, enhance productivity and promote more competitive industrial operations across Rivers State and the wider South-South region.
Participants at the forum also emphasised the importance of expanding energy infrastructure as a pathway to unlocking industrial capacity, reducing operating costs and promoting sustainable industrial development.
Representing Governor Siminalayi Fubara, the Director-General of the Rivers State Investment Promotion Agency, Dr. Chamberlain Peterside, reaffirmed the state government’s commitment to partnering with private sector investors to revitalise industrial activities in the state.
He identified key projects targeted under the initiative to include the revival of the Ahoada Industrial Park, the New Port City project and the proposed Bonny Industrial Park, all aimed at stimulating economic growth and expanding industrial opportunities along the Bonny corridor.
According to the governor, the long-term vision is to position Rivers State as a leading manufacturing hub in Southern Nigeria through strategic public-private partnerships.
Governor Fubara also commended Shell Nigeria Gas and MAN for sustaining engagements geared towards improving industrial energy access, noting that gas infrastructure development remains central to the state’s economic recovery plans.
He further observed that the gas sector presents enormous opportunities for economic growth, especially as global energy systems continue to shift towards cleaner energy sources.
The governor called on stakeholders to work collectively towards developing a practical and sustainable gas framework capable of supporting the state’s industrial and energy development objectives.

By; Kevin Nengia

Continue Reading

News

Odu Charges Newlyweds To Build Marriage On Love

Published

on

Rivers State Deputy Governor, Prof. Ngozi Nma Odu, has charged newlywed couples to build their marriages on the virtues of love and submission as taught in the Word of God.
Prof. Odu gave the charge at the wedding ceremony of Amblessed Favour Sunny-Cookey and Samson Jesuganji at Lifegate Power Ministries, Dominion Cathedral, in Port Harcourt on Saturday, 16th May 2026.
The Deputy Governor congratulated the couple on beginning a new phase of life together and prayed for God’s blessings upon their union, noting that the couple had been raised by godly parents and encouraged them to uphold the Christian values instilled in them.
Referring to the sermon delivered during the ceremony, Prof. Odu emphasized that the principles of love and submission remain fundamental to a successful marriage.
According to her, genuine love reflects the nature of God, stressing that love should remain the foundation of the couple’s relationship as they journey through life together.
Prof. Odu further prayed for enduring peace, happiness, and progress in the home, expressing confidence that the marriage would continue to flourish under God’s guidance.
The Deputy Governor also commended the families of the couple for their support and upbringing, while urging the newlyweds to always remember the significance of the day and the commitment they had made before God and witnesses.
In his sermon at the wedding, the Founder and Presiding Pastor of Salvation Ministries, Pastor David Ibiyeomie, stated that marriage did not originate from Western culture, traditions, or human ideas, but from God, whom he described as the “manufacturer” of marriage.
According to the cleric, couples seeking lasting and peaceful homes must rely on biblical principles rather than societal trends or assumptions.
He explained that many marital crises and rising divorce rates stem from ignorance and failure to apply scriptural teachings in family life.
Drawing from the biblical parable of building a house on a rock, Pastor Ibiyeomie said the Word of God remains the only solid foundation capable of sustaining marriages through challenges and difficult times.
He noted that marriage naturally comes with unexpected realities and pressures, stressing that religious ceremonies or cultural practices alone are not enough to sustain a home without proper understanding of God’s instructions.
The pastor further warned that ignorance of scripture remains one of the greatest weapons against believers, urging Christians to study and practice the Word of God rather than merely attending church services.
It would be recalled that the bride is the daughter of Pastor Sunny Cookey the Founder and Presiding Pastor of Lifegate Ministries. The Ceremony had lots of Ministers in attendance which includes Apostle Zilly Aggrey, Pastor George Izunwa, and Bishop Winston Iwo

Continue Reading

Trending