News
NEITI Accuses NNPC Of Not Remitting Bridging Allowances
The Nigerian Extractive Industries Transparency Initiative, NEITI, has accused the Nigerian National Petroleum Corporation, NNPC, of failing to remit to the Petroleum Equalisation Fund Management Board, PEF(M)B, bridging allowances for a significant number of years.
In its Fiscal Allocation and Statutory Disbursement, FASD, Audit for 2012 – 2016, obtained yesterday, NEITI stated that PEF had been unable to make the NNPC to pay for the amount it owed.
Though it did not state the amount the NNPC owed and the period over which the NNPC had defaulted, NEITI said PEF received N381.888 billion from major and independent oil marketers and the Pipeline and Petroleum Marketing Company PPMC, from 2012 and 2016.
According to the NEITI report, a total of N499 billion was received by PEF Management Board (MB) throughout the review period, 2012 to 2016, with N382 billion realised from Bridging allowance; while most of its expense was on claims amounting to almost N303.4 billion.
It noted that receipts in 2012 was N76.8 billion, increasing by 84 per cent to N141.66 billion in 2013, but decreased by 23 per cent to N109.6 billion in 2014.
The report added that receipts also increased by 56 per cent in 2015 to N170.83 billion, while it noted that financial statement for the year 2016 was yet to be finalized and therefore was not included in the analysis.
NEITI said, “With emphasis on NNPC; the fund finds it extremely difficult to ensure that NNPC pays the amount owed to the Fund and as a result, the Fund has outstanding huge amount receivables from NNPC for a number of years.”
The report further stated that while the NNPC remitted N13.535 trillion to the Federation Account from 2012 to 2016, it failed to remit to N373.878 billion to the federation over the same number of years.
In addition to the NNPC default, NEITI said it observed that PEF does not impose penalties promptly on defaulting independent and major oil marketers who failed to pay their contributions.
It added that PEF paid claims to major and independent oil marketers only after deducting the contributions and allowances due from the marketers to PEF(M)B, noting that in some cases, bridging claims were paid to some independent oil marketing companies without deducting the National Transportation Average, NTA, contribution due from them.
“When a marketer makes payment to the Fund resulting from the outstanding amount due, the Fund does not have a system to verify what transactions the amount paid relate. Detailed description is also not included in the bank statement. “Utilization of the Fund is not separated between the core activities and administrative purposes,” it noted.
To address these concerns, NEITI recommended “That the utilization of the Fund’s resources be disaggregated between primary activities, which include settlement of claims and receipt of NTA contributions, from the conventional administrative activities for management of Fund expenses.
“We recommend that management of PEF (M) B should have an aging analysis stating the period to which a marketer can be indebted. After these periods, we recommend that the management should not honor any claims due to independent or major oil marketing company until that company settles all previous indebtedness to PEF (M) B.
“It is also recommended that management should have a comprehensive schedule showing the list of marketers as well as the amount due from each marketer. We recommend that a competent staff be responsible for reconciling the amount paid by the marketers to the transactions to which the amount was due
NEITI described bridging allowance as the payment made by all licensed importers and marketers to PEF, adding that it is paid on the quantity of petroleum imported into the country. Currently, it disclosed that the rate is N6 per liter of imported petroleum products.
PEF is saddled with the responsibility of administering uniform prices of petroleum products throughout the country.
This is achieved by reimbursing a marketer’s transportation differentials for petroleum products movement from depots to their sales outlets in order to ensure that products are sold at a uniform pump price throughout the country.
The source of the fund is from the net surplus revenue recovered from oil marketing companies.
News
Fubara Hails Team Rivers For Winning Tinubu Inter-Schools Debate Championship …Describes Victory As Great Feat For Rivers
Rivers State Governor, Sir Siminalayi Fubara, has congratulated Team Rivers for emerging champions at the grand finale of the President Bola Ahmed Tinubu Inter-Senior Secondary Schools Debate Championship.
The governor, who was represented by his deputy, Prof. Ngozi Odu, described the students’ victory as “a great feat” and a clear demonstration of the intellectual capacity, brilliance, confidence, and preparedness of Rivers children to compete and excel at the national level.
The Tide reports that the finals of the Presidential Debate Championship held last Thursday at the Obi Wali International Conference Centre, Port Harcourt, Rivers State.
Fubara commended the students for their eloquence, critical thinking, and teamwork, while also appreciating their teachers, coaches, and the Rivers State Ministry of Education for the guidance and support that led to the outstanding performance.
“This victory is a source of immense pride to all Rivers people. It shows that our investment in education and human capital development is yielding results. Our children have once again proven that they are among the best in the country.
“We are proud of you and we will continue to support programmes that build the minds of our young people,” he stated.
The governor assured that his administration would continue to create an enabling environment and provide necessary support for academic and extra-curricular activities in schools across the State to help the youths to excel in future competitions.
He further urged other students across the State to draw inspiration from Team Rivers and strive for excellence in all their endeavors.
Fubara expressed profound appreciation to the Grand Patron of the championship and Nigeria’s First Lady, Senator Oluremi Tinubu, for her steadfast support and commitment to initiatives that promote education, youth development, and the empowerment of the Nigerian child.
?While congratulating Team Rivers for coming out on top, Fubara told the participants that they were all winners, irrespective of the outcome, stressing that their courage to stand before an audience and articulate their ideas demonstrated that the future of Nigeria remains intellectually vibrant and full of promise.
He also commended the organisers of the championship for creating a platform where young Nigerians could develop the confidence, discipline, critical thinking and communication skills required to participate meaningfully in national development.
?He reaffirmed the commitment of the State Government to supporting initiatives that advance academic excellence, innovation, discipline and opportunities for young people.
The governor dedicated an award presented to him to the people of Rivers State, the state’s education system, young Nigerians, and all those contributing to the development of the State.
?In his welcome address, the Chairman of the National Advisory Board, President’s Schools Debate, Hon. Usman Muhammed, said the championship was aimed at raising articulate, informed and responsible young Nigerians committed to democracy, good governance and nation-building.
?He commended the governor and the people of Rivers State for hosting the event, stressing that debate promotes critical thinking, tolerance and responsible citizenship.
?On his part, the State Commissioner for Education, Dr Peters Nwagor, explained that the essence of the championship was to train and develop youth, especially students, on how to get to leadership positions, saying it takes a sound mind to be able to come out to speak publicly and come to defend the opinion in a public setting.
?The Tide reports that while Team Rivers came first, Team Kwara emerged second, while Team Sokoto took the third position.
News
Fubara Unveils Reconstructed Buguma-Degema-Abonnema Road
Rivers State Governor, Sir Siminalayi Fubara, has unveiled the reconstructed Buguma-Degema-Abonnema Road, a major transport corridor linking communities across the Asari-Toru, Degema, and Akuku-Toru Local Government Areas of the State.
The project, a 19.79 kilometre road was executed by Julius Berger Nigeria PLC, brings to an end the nightmares of man-hour losses and insecurity associated with the route.
The long stretch of the road was in a very deplorable condition before the Fubara administration awarded the contract for its rehabilitation in September 2024.
Fubara disclosed that the completion of the project in record time was a fulfillment of a personal commitment made after witnessing the severe degradation of the road during a previous visit to the area.
“It is a road that you must pass if you’re going to Abonnema. It is a road that because of its state, a lot of evil activities was taking place there. But to the glory of God today, I don’t think those negative acts can even be imagined or be carried out along that corridor again.
“I made a promise to myself that day that even if it is remaining one week, we must make sure that we fix this road. Today, to the glory of God, the road has been fixed.
“I am happy that today, we are all here gathered happily that this particular dream has come to reality,” he said.
The governor reiterated that his desire for the State is not just about embarking on projects but in doing those things that will touch the lives of the people positively.
He reaffirmed the commitment of his administration to complete the Trans-Kalabari Highway, another major road project linking several coastal communities in the State.
He expressed appreciation to the people for their love and cooperation especially for allowing the contractors to do their jobs without hitches.
“You have shown me so much love. Nobody can take that away. One particular project that cannot be denied is the Trans- Kalabari Road that we are doing. I want to beg you that if I cannot meet all you requests today, don’t worry, my successor will continue from where I will stop,” he said.
Special Guest of Honour, the Amanyanabo of Abonnema Kingdom, King Desrael Gbobo Bob-Manuel, who officially commissioned the project, commended the state government for its rapid infrastructure development, noted that the rehabilitation of the roa has drastically improved travel time, safety and the living conditions of the people.
“In the past, for you to leave any of our communities to Port Harcourt, you must, as a matter of fact, go into a one-day fasting and prayers the previous day. Otherwise, you are not sure you will get to your destination.
“Today, I can leave my palace in Abonnema by 10:00 AM, and I will be wherever I want to be in Port Harcourt before 11:00 AM,” the royal father said.
King Bob-Manuel stated that the reconstructed road would not only enable the local fishermen to transport their catch directly to urban markets in Port Harcourt for better profit margins, but will open the riverine communities to new investments.
News
Tinubu Appoints Enitan As New Head Of Federal Civil Service
President Bola Tinubu has appointed Mr Abel Olumuyiwa Enitan as the Head of the Civil Service of the Federation, effective August 27, 2026.
Enitan succeeds Mrs Didi Esther Walson-Jack, who will retire soon from the Federal Civil Service upon attaining the statutory retirement age of 60.
Mr Enitan, from Osun State, is the most senior Permanent Secretary in the Federal Civil Service.
He has served as Permanent Secretary for seven years and seven months, working at the Ministry of Police Affairs, the Ministry of Humanitarian Affairs, and the Office of the Vice President. He is currently the Permanent Secretary in the Federal Ministry of Education.
Enitan, according to a statement by Special Adviser to the President on Information and Strategy, Bayo Onanuga, brings considerable institutional experience and a deep understanding of how the Federal Civil Service works to his new responsibility.
Tinubu expressed his profound appreciation to Mrs Walson-Jack for her distinguished service to the nation and for the reforms, impact and innovations witnessed in the Civil Service during her tenure.
“The President wishes her a fulfilling and successful life after service and conveys the nation’s gratitude for her years of dedicated and impactful public service,” the statement added.
Tinubu charged the incoming Head of the Civil Service of the Federation to consolidate on the reforms and innovations already underway, deepen professionalism and efficiency across the service, and build a more effective and responsive Civil Service capable of delivering on the administration’s Renewed Hope Agenda.
The President further urged Enitan to lead a Civil Service that is professional, merit-driven, accountable, innovative, and responsive to Nigerians’ needs and aspirations.
Enitan was born on December 12, 1966. He had his secondary education at Ajibode Grammar School, Ibadan and the College of Arts and Science, Ile-Ife. He later attended the University of Lagos and graduated in 1988 with a B.Sc. in Finance and Banking.
In 2015, Enitan obtained an M.Sc. in Public Policy Analysis from Nasarawa State University, Keffi.
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