City Crime
Oil Subsidy Gulps N6.210trn In Eight years
Minister of Finance and National Planning, Zinab Ahmed, says a total of N6.210 trillion was paid to independent oil marketers as Premium Motor Spirit (PMS) subsidy by the Nigerian National Petroleum Company (NNPC) in eight years.
Ahmed, who stated this Friday, when she appeared before the House of Representatives Ad-hoc Committee on Petroleum Products Subsidy Regime from 2013-date, said payment period was between 2013 to 2021.
She explained that the government was currently paying N283 as subsidy on every litre of PMS imported into the country by the NNPC Limited.
The Minister, who reiterated that subsidy on PMS is not sustainable as it is exacting pressure on the finances of the country, expressed hope that the subsidy regime will come to an end soon.
“I am going to address issues as highlighted by the lawmakers in the letters sent to us. Deduction of PMS under recovery shortfall by NNPC for the period 2013 to 2022, we are reporting that there is a total sum of N4.436 trillion, which was deducted as PMS under recovery by NNPC for the period January 2013 to December 2021.
In the report, it shows the amount that were deducted in the period under review.
“Also in the report is the summary of subsidy that has been paid to independent oil marketers from 2013 to 2016 and in this report we are reporting the sum of N1.774 trillion has been paid to independent oil marketers as PMS subsidy from 2013 to 2016.
“The total sum of N6.210 trillion was expended from PMS under recovery by NNPC and payment to independent oil marketers from 2013 to 2021.
“On the funding of subsidy payments to independent oil marketers for 2013 to 2016, payments that have been made to them were directly from domestic excess crude account through the deduction of Sovereign Debts Instruments (SDI).
“They are negotiable short term instruments that were issued by government at the time to enable marketers access financial support from their banks for the importation of PMS’’.
“The instrument was approved by the then President in 2010. It is also important to note that we have instances where funds are transferred from the consolidated revenue fund to the domestic excess crude account for subsidy payments.
“For 2015, N31 billion, again same year N106.1 billion transferred from the CRF in another instance to the domestic excess crude account.
“In 2016 there was another transfer of N40 billion from the CRF to same account for the purpose of settling PMS subsidy to oil marketers.
“There was also the sum of N413.363 billion which was provided through short term funding by the Central Bank of Nigeria. The details by the President for the approval of this funding is also attached to the document submitted to the committee.
“With respect to transfer of funds by NNPC and its affiliates to the treasury single account, the Ministry has obtained evidence as enclosed in annex 9 of the report.
“The Ministry is also not in the position to provide statement of account of NNPC and its affiliates. The parliament should ask for this directly from them”, the report stated in part.
City Crime
Tinubu Appoints Ex-Tide Staff Registrar Of Chartered Chemists
A former staff of the Rivers State Newspaper Corporation, publisher of The Tide Newspapers, Idongpee Akwaowo Reuben, has been appointed the Acting Registrar/Chief Executive Officer of Chartered Chemists of Nigeria (ICCON) by the Federal Government of Nigeria.
Akwaowo’s appointment follows the expiration of the second tenure of the former Registrar, Chemist Jwalshik Wilford.
According to a letter released from the office of the Minister of State for Health and Social Welfare dated August 5, 2026, the Minister of State for Health and Social Welfare, Dr. Iziaq Adekunle Salako, said the appointment was with immediate effect.
The minister had earlier announced Akwaowo’s appointment during a meeting with the Permanent Secretary, Heads of Departments, and Directors in June 10, 2026 in the Minister’s Conference Room.
He said the appointment was automatic and effective 1st June, 2026 following the satisfactory handover that followed the succession procedure.
The Minister nullified the earlier process put in place for a substantive appointment, citing it as a contravention of the provision of the ICCON Act.
He further directed that the appointment letter be issued without further delay.
The Minister admonished the new ICCON Chief Executive to take charge and ensure that the Institute is on the path of peace and progress to deliver her mandates.
In his response, Akwaowo thanked the the Federal Government for the appointment which, he said, has laid every uncertainty surrounding the leadership of the Institute to rest.
He pledged his unalloyed loyalty to the Federal Government and the Minister and promised to work with his Management Team to align with the policy directives of the Ministry as well as the renewed hope agenda of the Federal Government.
Akwaowo joined ICCON in 2005 as a pioneer staff, rose through the ranks and served in many capacities transcending virtually all the departments in the Institute including HOD, Administration/Accounts & Finance.
Most recently, he served as the pioneer Team Lead and the Registrar/CEO Representative in the National Chemical Personnel Audit excercise to Chemical companies and Chemistry Departments in Tertiary Institutions as part of the Institute’s regulatory mandates.
He has attended several courses and workshops and represented the Institute at various conferences and fora.
Akwaowo is a Chartered Chemist and also a member of a number of professional bodies.
He rose to the rank of Director, Scientific in 2025, and was until his appointment, the Coordinator, Zonal Offices of ICCON.
City Crime
Bayelsa Water Coys Raise Alarm Over Business Threats …Set To Resist Multiple Levies Amid High Production Cost
City Crime
Withdraw Social Media Bill Or Face Lawsuit, SERAP Tells NASS
The Socio-Economic Rights and Accountability Project has asked the National Assembly to immediately withdraw the proposed Nigeria Data Protection (Amendment) Bill, 2026, describing it as a backdoor attempt to regulate social media and expand government control over online expression.
SERAP warned that it would institute legal action if the bill is passed in its current or substantially similar form.
The bill, sponsored by Senator Ned Nwoko (APC, Delta North), seeks to compel social media platforms, data controllers and data processors operating in Nigeria to establish physical offices in the country.
It also empowers the Nigeria Data Protection Commission to shut down or prohibit the operations of any entity that fails to comply within 30 days.
In a letter dated July 18, 2026, and addressed to Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas, SERAP said the proposed amendment posed a threat to constitutionally guaranteed rights.
The letter, signed by SERAP Deputy Director Kolawole Oluwadare and issued on Sunday, read in part, “Requirements compelling technology companies to establish local offices would increase government leverage over platforms, facilitate political pressure, make censorship demands easier and expose local employees to retaliation.
“The Bill would create sweeping powers capable of shutting down or excluding social media platforms from the Nigerian market and expose millions of Nigerians to serious violations of their constitutionally and internationally guaranteed human rights.”
SERAP argued that the bill revives previous attempts to regulate social media that attracted widespread public opposition.
“The current Bill revives substantially similar proposals previously introduced by Senator Nwoko, raising renewed concerns that localisation requirements are being used as a vehicle for expanding governmental control over digital platforms and online expression,” it said.
The organisation warned that it would challenge the legislation in court if enacted.
“Should the Bill be enacted into law in its current or substantially similar form, SERAP shall promptly take all appropriate legal actions to challenge its legality in the public interest and to ensure that Nigerians’ fundamental rights are fully protected,” the letter stated.
According to SERAP, the proposed legislation would give the Nigeria Data Protection Commission excessive powers to block digital platforms without adequate procedural safeguards.
“The Bill constitutes a backdoor attempt to regulate social media and increase governmental control over online expression through corporate localisation requirements rather than through transparent and constitutionally permissible regulation,” it said.
The group argued that the bill lacks provisions for prior judicial authorisation, meaningful opportunities for compliance beyond the proposed 30-day period, and safeguards to protect the rights of millions of Nigerians who rely on digital platforms.
SERAP also cited the judgment of the ECOWAS Court of Justice on Nigeria’s suspension of Twitter, arguing that the proposed amendment could produce similar consequences by indirectly excluding social media platforms from operating in the country.
“The Bill also risks recreating the very dangers previously condemned by the ECOWAS Court of Justice. In SERAP and Others v. Federal Republic of Nigeria, the Court held that the suspension of Twitter violated the rights to freedom of expression, access to information and media freedom protected under the African Charter.
“Although the present Bill differs from the Twitter suspension in form, it creates the possibility of achieving the same result indirectly by empowering regulators to prohibit digital platforms from operating in Nigeria.
“The National Assembly should not enact legislation capable of producing, through indirect regulatory means, the very restrictions on fundamental rights that regional human rights law prohibits,” the organisation said.
It maintained that while governments have a legitimate interest in regulating digital platforms, such measures must comply with constitutional guarantees and international human rights standards.
The organisation further warned that mandatory localisation requirements would increase compliance costs for technology companies, startups, educational institutions and artificial intelligence developers.
“The proposed amendment conflicts directly with the objectives of the Nigeria Startup Act 2022 and the National Digital Economy Policy and Strategy.
“Mandatory localisation requirements substantially increase compliance costs, particularly for startups, open-source projects, educational institutions, research organisations, AI developers and smaller technology companies, while reducing Nigeria’s attractiveness as a destination for innovation and investment.
“No major democratic jurisdiction requires every social media platform to establish a physical office as a blanket precondition for providing services.”
SERAP added, “The National Assembly should immediately reject and withdraw the Bill, as it is manifestly incompatible with the Nigerian Constitution and Nigeria’s obligations under the African Charter on Human and Peoples’ Rights and the International Covenant on Civil and Political Rights.”
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