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Senate Probes Subsidy Recovery Fund …Court Okays Suit Seeking Kachikwu;s Investigation …Declines Assent To 15 Bills …As NASS Passes N242bn 2019 Election Budget
The Nigerian Senate, yesterday, began an investigation into the $3.5billion spent under the ‘Subsidy Recovery Fund’ of the Nigerian National Petroleum Corporation (NNPC).
A point of order raised by the Senate’s Minority Leader, Senator Biodun Olujimi, cited a ThisDay article on the $3.5billion earmarked as subsidy recovery funds by the NNPC.
“I bring before this chamber this very important issue of national importance. It has to do with an article published in today’s ThisDay newspaper and it deals with the $3.5billion earmarked as subsidy recovery fund by the NNPC.
“Mr. President, since 1999, there has always been a budget for subsidy, however, this has been jettisoned by the current government, which leaves this administration in a very dire strait.
“What is happening now is that there is a fund named the ‘Subsidy Recovery Fund’ and it is being managed by only two individuals in the NNPC: the Managing Director and the Executive Director of Finance.
“This fund is too huge for two people to manage, and right now, the $3.5billion is too huge to be managed without appropriation without recourse to any known law of the land.
“You remember Mr. President that following the passage of the budget, you mentioned in your remarks, that there should be a budget for the subsidy and it should be brought before the National Assembly — that has not been done.
“What has happened is that by the report of ThisDay newspaper, it is almost certain that $3.5billion is a slush fund which is just being managed by just two individuals — and that is not correct.
“I want to urge the Senate to cause the Committee on Downstream, Chaired by Senator Marafa, to compel the NNPC to come before the Senate Committee and explain why this is so. Nigerians need to know what has happened to the funds that have been used so far — and the new terminology that is being used under subsidy recovery,” Olujimi said.
Responding, the President of the Senate, Dr. Bukola Saraki, reminded the Senate that he had called for the executive to submit its petroleum subsidy budget to the National Assembly, when the 2018 budget was passed in May.
“Distinguished Colleagues, when we passed the budget, I said that there was a need for the executive to bring forward the budget for the subsidy.
“In light of the enormity of the issues before us — where we are talking about a subsidy of almost $3.5billion — I would like to direct that the Senate Leader and the Chairman of the Committee of the Downstream, should urgently summon those in NNPC who are responsible for this. We must look into this matter and report back to the Senate plenary by next week, where the Committee will have a report that we can debate.
“On this issue, I do not want us to be speculative. Let us go by the facts, so that our contributions are not seen to be partisan. This matter is too serious for us to be partisan about it.
“A lot of us have been around long enough to know how this matter should have been treated. Now, it has gotten to a level where it involves over $3billion — which is not a small amount of money.
“With the leave of my colleagues, if we all accept, we direct the leader and the chairman of the Downstream Committee, to look into this matter and report to the Senate by next week,” he said.
Also, the upper chamber of the National Assembly yesterday beamed its light into the activities of the Nigerian National Petroleum Corporation (NNPC) and resolved to probe the corporation over unaccounted $3.8 billion dollars allegedly shrouded in secrecy.
To this end, the Senate has set up an ad-hoc committee headed by Senate Leader Ahmed Lawan to carry out the investigation and submit its report within a week for further legislative action.
The resolution by the Senate to probe the NNPC followed an order raised by Senator Biodun Olujimi, representing Ekiti South Senatorial District.
Olujimi, in her presentation, noted that the alleged fund is being manage quietly without appropriation.
She said, “Right now, the fund is being managed quietly without appropriation of any known law. Nobody is talking about us – Nigeria, paying subsidy. But we know that subsidy is being paid in one form or another but being covered in recovery rather than subsidy.”
The lawmaker further noted that the fund has long been in the custody of the NNPC management without being couched well before the public.
Olujimi said, “The NNPC management should come to explain what the money has been used for and whether or not it has been used in paying subsidy.
“What happened is that rather than the Executive talking about subsidy, they talk about subsidy recovery. That meant that they were going to end subsidy and pay people to stop subsidy. But the Fund is not appropriated. It’s just a lump sum within the management of NNPC and we believe that it is not good for it to be shrouded in this kind of secrecy.”
“And this is being done behind the scenes. It shouldn’t be so. This is because it is money belonging to Nigerians and, it must be appropriated.”
Meanwhile, the Federal High Court in Abuja has granted leave permitting a civil society group, Kingdom Rights Foundation International, to commence a suit which centres on allegations of money laundering, operation of a foreign bank account, corruption and assets declaration irregularities against the Minister of State for Petroleum Resources, Dr Ibe Kachikwu.
An enrolled order of the court bearing the stamp of the Federal High Court and the signature of the registrar with October 15, 2018 date, showed that Justice Folashade Ogunbanjo made the order on October 10.
The plaintiff, KHRFI, through its ex parte application filed on August 23, 2018, had sought the court’s leave to commence a suit seeking Kachikwu’s probe for the various allegations.
Kachikwu was sued alongside the Ministry of Petroleum Resources, the Code of Conduct Bureau, the Economic and Financial Crimes Commission, President Muhammadu Buhari, and the Attorney General of the Federation, Mr Abubakar Malami (SAN).
The plaintiff asked the court, in the substantive suit, to conduct a judicial review of the administrative action/inaction of the defendants to perform their constitutional and statutory mandates and obligations in connection with the investigation and prosecution of Kachikwu.
The plaintiff’s lawyer, Okere Nnamdi, moved the ex parte application seeking leave to commence the suit on October 10.
Granting the request in her ruling, Justice Ogunbanjo held, “Leave is granted to the plaintiff/applicant to commence action for judicial review of administrative action/inaction to perform their constitutional and statutory mandate and obligation under section 174(1), (2), and (3) of the 1999 Constitution, sections 3 and 24 (2) of the Code of Conduct Bureau and Tribunal Act, CAP C15, Laws of the Federation 2004, and in section 5(1) of the EFCC Act, to investigate and prosecute Dr Ibe Emmanuel Kachikwu, on allegations of money laundering, operation of foreign bank account while occupying a public office, corruption, false declaration of assets, perjury and abuse of office, contrary to the Code of Conduct for Public Officers provided under paragraphs 1, 2 and 11(1) and (2) of the Fifth Schedule, Part I of the 1999 Constitution of the Federal Republic of Nigeria (as amended).”
The judge also made an order deeming the plaintiff’s originating summons (the main suit) filed alongside the ex parte as “properly filed under Order 34 Rule 5(1) of the rules of the court.”
But the judge declined to grant the applicant’s request that Kachikwu should be served with the court papers through “the most senior staff member in the registry of any staff member of the ministry.”
Rather, the court ruled that “the first defendant (Kachikwu) is to be served personally.”
The judge then fixed October 24 for a report of service.
In the substantive matter, the plaintiff asked the court to compel “the 3rd, 4th and 6th defendants to immediately investigate and prefer a criminal charge against Dr Kachikwu Ibe Emmanuel (the Hon. Minister of State for Petroleum) for breach the Code of Conduct for public officers provided for in the Constitution.”
Alleging that Kachikwu had put himself in a situation “where his personal interest conflicts with his official duty” the plaintiff urged the court to compel, “the President of the Federal Republic of Nigeria (5th defendant in this suit) to immediately suspend Dr Kachikwu Ibe Emmanuel as the Hon. Minister of State for Petroleum” on the various allegations.
Some of the assets which the plaintiff accused Kachikwu of declaring anticipatorily included N1.35billion in Nigerian banks as well as $1.2million and £100,000 in foreign banks.
It also accused him of “non-declaration of assets of several companies registered in Nigeria where Kachikwu had interests and controlling shareholding, serving as a Director and Management Board member of Beverly Cops & Securities Ltd., Intel & Data limited, Flame Petroleum & Gas Ltd., True Tales Productions Ltd., and True Tales Event Management Ltd.”
“Criminal anticipatory declaration of assets and properties, which do not belong to him and many others not identifiable at the land registry of the various jurisdictions where he declared them to purportedly exist.”
However, both chambers of the National Assembly yesterday approved President Muhammadu Buhari ‘ s request for N242 billion as budget for the conduct of the 2019 general elections by the Independent National Electoral Commission (INEC) and allied security agencies.
The federal lawmakers in their final approval of the entire budget for the elections however tinkered with budgetary proposals made for the Nigeria Police Force (NPF), the Department of State Service (DSS) and office of the National Security Adviser (NSA).
The lawmakers approved. N27.341bn for the Police Force; having reduced about N3bn from President Muhammadu Buhari orinal proposal of N30bn for the Police through a virement seeking letter in July just as they also reduced the N12,213,282,455.00bn proposed for DSS by the executive to N10.213bn.
The cuts from the budget of yhe Police snd DSS which yielded N5bn were however added to N4,281,500,000.00bn earlier proposed for the office of the National Security Adviser raising it to N9.481bn.
The other aspects of the budget remained as proposed by Mr. President as the the N189bn budgetary proposals for INEC, N2.628bn for National Immigration Service (NIS) and N3.573bn for the Nigeria Security and Civil Defence Corps, were retained.
The approvals of the N242.245bn elections budget for 2019 by both chambers were sequel to recommendations of the Appropriation committees of both the Senate and House of Representatives.
The Senate Committee in its report presented in the Senate by its Chairman, Danjuma Goje, differed with President Buhari on source of virement for the N242bn.
While the President in his July letter, urged the federal lawmakers to vire the money from the N578bn special votes for 1,403 constituency projects allegedly inserted into the N9.12trillion 2018 budget by the lawmakers, both the Senate and the House of Representatives in their approval of the N242bn elections budget, ordered for its virement from Special Intervention Programme (both recurrent and capital).
Specifically, as recommended and approved by both chambers, N194.7 bn out of the N242bn would be vired from N350bn recurrent component of the Special Intervention Programme, while the balance of N47.498bn would be vired from N150bn capital component of the Special Intervention Programme.
In his remarks after the approval of the N242bn elections budget, the Senate President, Bukola Saraki, said: “the much expected elections budget has been passed and approved here in the Senate , the same way I believe is done in the House of Representatives.
“It is the hope of the National Assembly and Nigerians generally that with this approval, INEC and other relevant agencies will ensure credible, free, fair and safe elections come 2019”.
Rivers State Governor, Sir Siminalayi Fubara, has commended workers in the State for their resilience, dedication, and invaluable contributions to development in the State.
Fubara gave the commendation during the 2026 Workers’ Day celebration at Isaac Boro Park in Port Harcourt, last Friday.
Represented by his deputy, Prof. Ngozi Nma Odu, the governor noted that Workers’ Day, which originated from the struggle for an eight-hour workday in the United States, has evolved into a global event recognising the contributions of workers to national growth and development.
He described workers as the backbone of sustainable development, saying no society can thrive without their efforts.
Fubara commended Rivers workers for their loyalty and commitment to service, noting that workers play vital roles across key sectors, including education, healthcare, infrastructure and industry.
He noted that their contributions have enhanced access to quality education and healthcare, supported job creation, and stimulated economic activities across the State.
While acknowledging the economic challenges faced by many workers, including the rising cost of living, Fubara assured that the the State Government remains committed to implementing policies that will enhance workers’ welfare and overall well-being.
The governor also hailed the bold and daring economic reforms of President Bola Tinubu which, he said, have stabilized the economy, enhanced foreign exchange liquidity, lowered inflation, and achieved significant growth in the nation’s gross domestic product.
He noted that, in addition to raising the minimum wage, the President recently approved new welfare incentives for federal civil servants.
“Our economy is on an unstoppable positive path under our President, and it can only improve further for the nation and everyone. Let us continue supporting the policies and programmes of Mr President,” he said.
Fubara highlighted the importance of workers in revenue generation and governance, noting that taxes paid by workers enable government to provide security and essential social services.
He reaffirmed the State Government’s recognition of labour as a critical partner in achieving its development blueprint, appreciating workers’ daily contributions to building a peaceful, secure, and prosperous Rivers State.
The governor urged the organised labour to use the occasion to reaffirm its commitment to the progress of the State, while continuing to advocate for democracy, social justice, and improved welfare for workers.
He also expressed gratitude to workers for their service to the State and the nation, encouraging them to remain steadfast in their contributions to development.
In his address, the State Chairman of the Nigeria Labour Congress, Comrade Alex Agwanwor, commended Fubara for his steadfastness, genuine commitment, and passion for workers in the State.
He highlighted key achievements of the administration, including the implementation of the National Minimum Wage Act, the renovation of the State Secretariat, the reopening of the Rivers State Transport Company (RTC), and the consistent payment of end-of-year bonuses to public workers.
Comrade Agwanwor noted that workers, as drivers of productivity, understand the challenges involved in building a prosperous Rivers State, stressing that they are well-equipped to contribute meaningfully to the growth and development of the State.
“We have resolved not to continue complaining and lamenting while challenges persist. Instead, we must take the initiative, step out of relative obscurity, and rediscover the mission and destiny of our dear state,” he said.
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Fubara Pledges Support For Corporate Organisations In Rivers …Says PPP Business Model Responsible For NLNG’s Success
Rivers State Governor, Sir Siminalayi Fubara, has pledged the continued support of his administration for the Nigeria Liquified Natural Gas (NLNG) Limited.
Fubara gave the assurance while receiving the new Managing Director and Chief Executive Officer of the NLNG, Mr Adeleye Falade, who paid him a courtesy visit at Government House, Port Harcourt.
He assured that his administration would continue to contribute its own quota in support of the NLNG.
According to him, the success of the organisation is equally the success of the government of Rivers State and the success of the Federal Government.
“Our duty is to make sure that we support whoever is operating in our state. We are the ones here. If we don’t support you and you don’t succeed, we also will not succeed and Mr President will also not succeed.
“So, the success of your establishment is the success of our state, and overall success of Nigeria. So you can count on our support. Wherever you think we need to come in to support you, please do not hesitate to call upon us.
“You just mentioned here that your predecessor left a handover note showcasing the level of support that he got from the state. It is not going to be different in your own case. I can assure you that. I will also ensure that other units of the government will liaise with you when necessary. So even if you can’t get to me, you can always get to them and if there is anything we can do to help your establishment succeed, we will do it for you,” he said.
The governor attributed the success of the NLNG to the Public Private Partnership ( PPP) business model adopted by the Federal Government and the multinational oil companies.
The NLNG is jointly owned by Nigerian National Petroleum Corporation (NNPC) with 49%, Shell Gas B.V. with 25.6%, Total LNG Nigeria Ltd with 15%, and Eni International with 10.4%.
The partnership model allows for shared risks, costs, and expertise in the LNG sector.
The governor noted that the NLNG has not only survived the difficult business environment but has made sustained progress in the nearly three decades of its existence.
According to him, the decision of the Federal Government to allow the multinational oil companies who have the needed expertise to run the establishment while government plays a supervisory role over it has largely been responsible for its success.
“I’m very proud to say that if there is one establishment that has shown resilience, that has survived in the face of all the political issues prevalent in this country, it is the NLNG. And what is the reason? The reason is very simple. Government has no business in business. That is the truth. Leave the business for those people who can operate it. Let the government play its supervisory role to ensure that there is compliance with the laws; ensure that standards are maintained and also ensure that the right people with the needed expertise are at the helm of affairs. That’s all. I think that is the reason why we still record a lot of successes in NLNG,” he said.
In his opening remark, the new NLNG boss, Mr Adeleye Falade, who led other top officials of the company on the visit, expressed appreciation to the governor for granting them audience, and appealed to the State Government to continue to support the organisation.
“We appreciate the opportunity to meet with you and deepen this important relationship.We deeply value the support the Rivers State Government continues to extend in fostering an enabling operating environment for businesses. NLNG remains deliberate in its contribution to Nigeria’s development, and Rivers State, our primary host, continues to be central to that commitment,” he said.
Falade said the company has continued to work with its host communities to strengthen their capacity to identify, prioritise, and deliver sustainable development initiatives that create lasting impact.
According to him, communities including Amadi-ama, Abua, Ekpeye, Okrika, Kalabari, and Emohua have continued to benefit from this model.
He said that beyond community infrastructure, the NLNG has sustained investments in economic empowerment through initiatives such as Vocational Innovation and Business Empowerment Scheme (VIBES) and Micro Small and Medium Enterprise (MSME) schemes.
These, he said, were designed to support small businesses, build capacity, and stimulate local enterprise across the state.
Among officials of the company who accompanied the Managing Director were General Manager, External Relations and Sustainable Development, Dr Sophia Horsfall; Manager, Government Relations, Mr Abdul Umar; Manager, Community Relations, Dr. Yemi Adeyemi; Head of Government Relations, Mr Mike Igoni; Head of Community Liaison and Engagement, Chief Ifeanyi Umeh.
Others are Technical Assistant to Executive Leadership, Mr Hassan Saleh; Senior Media and Publicity Advisor, Mr Emma Nwatu; Government Relations Advisor, Miss Homa Nmegbu; Senior Government Relations Advisor, Mrs Kate Allison, and Audio -Visual Advisor, Mr Dawood Ahmed.
The Federal Government has reassured Nigerians and the international community of the country’s stability following a recent advisory by the United States authorising the departure of non-emergency personnel from its embassy in Abuja.
The Minister of Information and National Orientation, Mohammed Idris, stated this in a statement issued yesterday by his media aide, Rabiu Ibrahim.
According to the minister, public institutions across the country remain fully operational, with no disruption to governance, economic activities, or daily life.
This followed the decision of the United States Mission in Nigeria to suspend visa appointments at its Embassy in Abuja.
The mission’s decision was contained in a post shared on its official X handle, yesterday.
It stated, “U.S. Embassy Abuja is closed for visa appointments. Applicants should check their email for details on rescheduled appointments.”
The mission, however, clarified that visa operations at the U.S. Consulate General in Lagos remain ongoing.
The development comes amid a broader security advisory issued by the United States, which authorised the departure of non-emergency staff from its Abuja embassy and expanded its Nigeria travel blacklist to 23 states.
The State Department issued the authorised departure order on Tuesday, alongside an updated travel advisory that added Plateau, Jigawa, Kwara, Niger and Taraba to its highest warning category, “Do Not Travel.”
While the overall advisory rating for Nigeria remains at Level 3, “Reconsider Travel,” the department warned that some areas face increased risks due to crime, terrorism, unrest, kidnapping and limited healthcare availability.
According to the advisory, Americans are often targeted for kidnapping and robbery, while terrorist attacks continue to pose a threat across multiple locations, including markets, religious centres, hotels and public gatherings.
It also raised concerns about the state of emergency healthcare in the country, noting that hospitals often require immediate cash payments, ambulance services are unreliable and poorly equipped, and blood supply systems are inconsistent.
Medical facilities in Nigeria, the advisory said, generally do not meet United States or European standards, adding that evacuation may be necessary in medical emergencies.
The advisory further urged US citizens in Nigeria to enrol in the Smart Traveller Enrollment Programme, avoid large gatherings, vary their routines and maintain evacuation plans that do not depend on US government assistance.
It also recommended that individuals establish “proof of life” protocols with family members in the event of kidnapping.
The blacklist is divided into regional clusters. Borno, Kogi, Yobe and northern Adamawa remain under the terrorism, crime and kidnapping category, with the State Department warning that terrorist groups continue to plan and carry out attacks, sometimes in collaboration with local gangs.
For Bauchi, Gombe, Kaduna, Kano, Katsina, Sokoto and Zamfara, the advisory points to widespread banditry, communal clashes and kidnapping, while noting that security operations may occur without warning.
In the South-East and Niger Delta, states including Abia, Anambra, Bayelsa, Delta, Enugu, Imo and Rivers (excluding Port Harcourt) are flagged for crime, kidnapping and civil unrest, with armed gangs and violent protests posing significant risks.
The latest update added Plateau, Jigawa, Kwara, Niger and Taraba to the “Do Not Travel” list, citing the spread of insecurity into new regions, particularly in the Middle Belt where farmer-herder conflicts have intensified.
The advisory described the security situation in these newly added states as unstable and unpredictable, with counter-operations by security forces likely to occur without prior notice.
Idris, however, described the US advisory as a routine precaution based on internal protocols, stressing that it does not reflect the overall security situation in the country.
“While we acknowledge isolated security challenges in some areas, there is no general breakdown of law and order, and the vast majority of the country remains stable,” Idris said.
He noted that ongoing security operations have recorded measurable gains across several regions, attributing the progress to coordinated military efforts, intelligence-led interventions, and strengthened inter-agency collaboration.
“Our security agencies remain actively engaged in protecting lives and property, and the results of these efforts are increasingly evident,” he added.
According to the minister, recent operations have disrupted criminal networks, curtailed the activities of armed groups, and improved safety in vulnerable communities.
Idris also maintained that Nigeria remains open for business, travel, and investment, adding that ongoing economic reforms are strengthening investor confidence and enhancing the country’s global standing.
He said, “International partners and investors continue to engage actively with Nigeria, reflecting confidence in the country’s stability and long-term prospects.”
The minister urged foreign governments to ensure that their advisories reflect current realities and ongoing progress in the country.
“We encourage our international partners to continuously engage with Nigerian authorities to obtain a more comprehensive and current understanding of the situation on the ground,” he said.
The Federal Government reiterated its commitment to sustaining security improvements and ensuring the safety of citizens and visitors, assuring that Nigeria remains a safe and welcoming destination.
