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NEITI Clears NNPC In 11 Of 20 Audit Issues
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation (NNPC), in its past audit reports have been resolved.
In a statement in Abuja, NEITI, also noted that eight other issues in its past audit reports against the NNPC were currently being resolved, while only one issue was yet to be resolved.
The unresolved issue, according to NEITI, is the status of the Nigerian Liquefied Natural Gas (NLNG) payments, noting that a joint committee of NEITI and NNPC Joint Committee on Remediation and Mainstreaming, which made the disclosure, also recommended that NNPC publish a statement on the status of the NLNG account.
NEITI further stated that the NNPC pledged to look into the recommendation and to consult with the account owners, especially as it holds 49 per cent stake in NLNG on behalf of the country for which it receives dividends and other payments put at $16.8billion over a 15-year period.
In addition, NEITI said, “The eleven issues deemed fully resolved are: the outstanding liabilities by the Nigerian Agip Exploration (NAE), and the under-reporting of revenues receivable by NNPC as disclosed in the 2014 NEITI report.
“Others are non-compliance with the 30-day remittance rule by some crude oil and gas traders; payments of cash-call to the Nigerian Petroleum Development Company (NPDC), a subsidiary of the NNPC, after the company had acquired Federation Joint Venture assets in the Nigerian Agip Oil Company (NAOC), Joint Venture (JV); and payment of cash-calls to NPDC after it had acquired Federation Joint Venture assets in the Shell JV.
“Inconsistencies in records of cash-call payments; expending cash-call on non-cash-call items; issuance of revenue receipts as at when due; payment of consideration on NAOC Joint Venture assets divested to NPDC; outstanding Pay as you Earn (PAYE), liabilities; and outstanding payment from domestic crude allocations.”
The eight issues deemed partially resolved, NEITI said, are: “Over-recovery by NNPC under the Petroleum Support Fund Scheme (PSF); NPDC’s unremitted Niger Delta Development Commission (NDDC) levy; accumulated unremitted gas flare penalties; unremitted balance for crude oil lifting from NPDC, Shoreline and Seplat JVs.
“Outstanding NPDC’s Petroleum Profit Tax Liability; unremitted crude oil royalties for 2014, 2015, and 2016; balance of the value of the eight OMLs assigned by NNPC to NPDC from Shell JV between 2010 and 2011; and upfront deductions from domestic crude allocations.
“Payment plans had been developed between NNPC and the beneficiaries and payments are being made according to the plans. NNPC, which committed to a transparent and accountable framework for deductions from domestic crude allocations, is expected to provide regular updates on progress on the eight issues until they are fully resolved.”
NEITI stated that the joint committee was inaugurated on November 21, 2019 by the heads of the two institutions NEITI and NNPC and was charged with reconciling 20 legacy issues, producing a status update, and making recommendations for deepening transparency within the NNPC.
It explained that “after reviewing documents and deliberating for about a year, the committee recently presented its report to the senior management teams of the two organisations, which reviewed the report and approved as follows: 11 issues (or 55 per cent) are deemed fully resolved; eight issues (or 40 per cent) are deemed partially resolved or ongoing; and one issue (5 per cent) is yet to be resolved.”
Commenting on the joint committee’s report, Executive Secretary of NEITI, Mr. Waziri Adio, said: “We acknowledge the significant strides towards openness by the current management of NNPC. While remediation is about looking back, mainstreaming is about looking forward.
“Both are about being transparent and being accountable. And what we have seen on both fronts is concrete commitment. We urge you to keep this up and we want you to know we are always here to partner with you.”
On his part, Group Managing Director of the NNPC, Mallam Mele Kyari, said: “NNPC is committed to expanding the frontiers of transparency and accountability. We believe there should be full disclosure of our transactions, not just in alignment with the EITI, but also because Nigerians need to have full visibility of our operations. We are always eager to work with NEITI on this.”
News
NELFUND Warns Students Against Fake Loan Portal
The Nigerian Education Loan Fund has alerted the public to a fraudulent message circulating online, claiming that the NELFUND Student Loan Registration Portal is open.
The message directs applicants to a third-party link (http://gvly.xyz/Nelfund-Student-Loan, which NELFUND confirms is unauthorised and fraudulent.
In a post obtained from its X handle, yesterday, NELFUND urged students and the general public not to click on the link or provide any personal information, emphasising that the official loan registration portal is only accessible through the Fund’s verified channels.
The agency reminded applicants to exercise caution online and to report any suspicious links or communications claiming to be from NELFUND.
“Applicants are encouraged to always verify official announcements via NELFUND’s official website and social media channels,” NELFUND said.
This advisory comes as part of NELFUND’s ongoing efforts to safeguard students and ensure the integrity of the student loan application process.
News
Eastern Port Police Boss Promises On Crime-Free Operations
The new Commissioner of Police Eastern, Ports Command, Mr Tijani Fatai has promised to ensure a crime- free ports operations in the zone.
He said effective policing will be mounted across the ports in the zone in tackling the high rate of community unrest, activities of port rats and other social vices.
Fatai while speaking to newsmen shortly after taking over as the 17th commissioner said he wants to be remembered as a peace maker during his tenure as Commissioner of Police in the Eastern Ports Command.
According to him,’’the community policing is the sure way of addressing most conflicts and other social vices bedeviling our society today and I will explore it to its fullest” .
The Commissioner also assured officers of the rank and file of improved welfare whoch he described as a cardinal objective of the present efforts of the Inspector General of Police (IGP).
He said,” the Inspector General of Police has sent me to assure you all of welfare, promotions as and when due,no officers particular rank and file will be left behind in the coming months.
Fatai before his recent posting was an operational officer,who spent most of his years with the Police Mobile Force (PMF) where he served as Unit Commander (UC) and Commander, PMF.
Before his redeployment as a Commissioner of Police,(CP), he was the Deputy Commissioner of Police, Operations, DCP, Operations, Lagos State Command.
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Kalabaris Celebrate New Year Amid Fanfare
Thousands of Kalabari indigenes from Akuku- Toru, Asari-Toru, Degema and Port Harcourt City Local Government Areas last Sunday gathered at Elem Kalabari in Degema Local Government Area to celebrate what they said is the Kalabari new year amidst pomp and pageantry
According to stakeholders, the event which started over 200 years ago normally falls on the 16th of November every year.
The of this year’s celebration which was organised by Kalabari Renaissance Foundation was “Our Heritage, Honouring Our Waters and Renewing Our Spirit.”
Stakeholders said this year’s celebration was symbolic as it was holding at Elem Kalabari which is the home of the Kalabari people.
The event also featured various masquerade displays from cultural troupes within Kalabari and beyond.
Speaking on the significance of the event, the Amanyanabo of Elem Kalabari (The Source), HRH Mujahid Asari Dokubo, said the celebration signaled a return to the traditional values of the Kalabari people and the need for self-recreation.
“It’s not just about celebration, It’s about recreating ourselves, bringing us back from death.
“The organisation that has come to take over this celebration – Renaissance – really fits the description of what ought to happen to us as a people.
“It’s not just Kalabari; it’s about all of us and our values. We have to look at ourselves and our values,” he said.
Dokubo called on all Kalabari citizens to join hands together to revive their traditional values and heritage in order not to lose their cultural identity and spiritual trajectory.
Also speaking, Harry Awolayeofori MacMorrison, Chief Administrator and Chairman of Kalabari Renaissance Foundation, organizsers of the Kalabari new year festival, said the event marks the beginning of a new calendar year for the Kalabari people, after November 15 of every year when the tide cleanses the pollution from the Sombreiro River inflows, describing it as a renewal of the Kalabari people.
“It’s the renewal of the people. Kalabari area is saline environment and at a time, the Sombreiro River comes in and pollutes the river.
“On the 15th November, across Kalabari, the tide turns and takes all the fresh water that polluted the saline river back to the Sombreiro River
. “On the 15th is the end of the year. Normally when there is an end, there is a new beginning. On the 16th (November) is the beginning of the Kalabari calendar,” he said.
Awolayeofori Mac Morrison said the Kalabari communities had been holding the new year festival separately in the past until the Renaissance Foundation decided to champion a unified celebration to enable them forge a common front of trado-cultural and socio-economic development across the entire territory.
He said last year’s event held at Abalama while they decided to bring this year’s celebration to Elem Kalabari because of it significance to the Kalabari nation.
Also speaking, a member of the planning committee and media lead, Journalist Ibiba Don Pedro, said there was need to reawaken the consciousness of their people on the need to embrace their traditional values without reservations, noting that there was nothing fetish about the festival.
She said the celebration was to unite the Kalabaris as well as project the cultural heritage of the people.
Don Pedro said time has come for Africa to go back to their root , adding that development will continue to elude African countries until the people rediscover themselves.
By: John Bibor, Afini Awajiokikpom, Joseph Miabari Joan, Michael Kingdom & Mary Barugu
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