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NNPC on debt to FG: We’ve nothing to hide, our hands are clean

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We’re as clean as a needle, Nigerian National Petroleum Company Limited (NNPCL), replied those shading it and calling for a comprehensive scrutiny of its books for allegedly failing to play by the rules and keeping back its earnings it is supposed to remit to the Federal Government.

The body, the nation’s major player in the oil industry, said it was ready to open the books for reconciliation with the Nigerian Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Reconciliation Committee set up by President Bola Tinubu to investigate, review and reconcile the financial records on alleged indebtedness to the Federation by both company and Federation Accounts Allocation Committee (FAAC).

Some Nigerians and groups, including National Observatory, a non-governmental organisation had called for the probe of the organisation for sundry reasons, mostly bordering on shady deals in its operations, including the handling of the subsidy regime and other areas of its core mandate, particularly its remittances to the FG.

But in a direct riposte to the calls for probe on the huge amount it is said to owe the FG, the company stated in a statement signed by Olufemi O. Soneye its spokesman, on Monday, that the claims by the non-state actors were baseless, considering the fact that NEITI itself had dismissed many of the allegations in the said 2021 report, following a series of engagements with officials of both bodies.

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For instance, it claimed that at the outset of President Bola Ahmed Tinubu’s administration, it was made to sell Premium Motor Spirit (PMS) imported into the country at one third of its value, a development that gave rise to an average of N400billion monthly subsidy bill, which subsequently put a strain on its revenues and finances.

Explaining how subsidy bill accumulated to up to N3.736trillion as of May 31st 2023, the company also stated that with respect to gas-to-power debts, the non-payment of NNPCL’s share of upstream joint venture gas supplied to the government-owned plants had led to the accumulation of indebtedness of N174.07 billion by the Federation.

Similarly, the receivables due from the federation to NNPC Exploration & Production Limited (NEPL) as of 31st May 2023 amounted to $712million (equivalent to N309.07 billion at N434.08/US$1) for revenues not remitted to NEPL but paid into the Federation account.

“While the Federation owed NNPCL the sum of N4.207trillion as net indebtedness, the Company was only indebted to the Federation in the sum of N2.852 trillion, made up mainly of outstanding Good and Valuable Consideration (GVC) in respect of government upstream divestments, royalties and Petroleum Profit Taxes (PPT).

“We would like to also use this opportunity to clarify that over the years, our relationship with NEITI has been very cordial, as seen in August 2020 when we became an EITI supporting company in 2020, joining a group of over 65 extractives companies, state-owned enterprises (SOEs), commodity traders, financial institutions and industry partners committed to observing the EITI’s supporting company expectations.

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Indeed, aside being a signatory to several EITI’s global ethics and standards, NNPC Ltd had on the sidelines of the United Nation’s General Assembly (UNGA) in Washington DC, in September this year, signed up to the United Nations Global Compact on human rights, labour, environment, and anti-corruption, thereby becoming the first state-owned oil company to join the global initiative,” the statement, said.

It added: “NNPC Ltd’s book remains open to all our stakeholders as we remain committed to delivering value to Nigerians with integrity and as espoused in our principles of Transparency, Accountability and Performance Excellence (TAPE), the bulwark of the Mele Kyari leadership of the company.”

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Jonathan to Atiku: I don’t play God *I still achieved, though imperfect

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From Goodluck Jonathan, Nigeria’s former  President, came a mild rebuke to Atiku Abubakar, former Vice President, who in assessing the quality of his six-year tenure as Nigerian leader, all but dismissed him as “inexperienced.”

Atiku, a guest of Prime Time, a public affairs programme on ARISE NEWS Television, last week, told his host that Jonathan was inexperienced, saying his tenure was marked by notable missteps.

“I know Goodluck Jonathan very well. He is a decent young man, but also inexperienced, and I believe that contributed to his inability to manage the affairs of the country, particularly when he was faced with challenges,” Atiku, currently chasing the number one job the former President exited in 2015 for the seventh time, said.

But in a measured riposte at the 2025 Association of Retired Career Ambassadors of Nigeria awards ceremony in Abuja on Monday, Jonathan, while acknowledging that he must have made some mistakes, argued that errors were inevitably with human beings as only God could be perfect,

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Reacting to Atiku’s remarks, he told his audience: “So not too long ago, a very senior politician said, ‘Oh, Jonathan was too young and probably that’s why he made mistakes.’

“If I made mistakes, yes, nobody who becomes a governor or a president will say you did not make mistakes. Even when you promote yourself to the level of a god, you become a deity.

“All human beings must make mistakes. I became president in 2010 at the age of 53. I left in 2015 at the age of 58, and they say I was too young. Must it have been 100 years before I ran the affairs of the state?

“I’m talking to diplomats, so I can say that during my period, I knew what I did for us to appear in the UN Security Council two times… If I were so naive, I don’t think I would have been able to navigate through that process.”

Jonathan also spoke on regional affairs, warning that political instability remains a major obstacle to economic growth across West Africa. He stressed that without stable governance systems, meaningful development in the sub-region would remain elusive.

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“We cannot progress economically if we are very unstable societies politically,” he said.

Jonathan noted that while the founders of ECOWAS envisioned strong economic cooperation, persistent political crises have hindered progress, particularly in enforcing democratic standards among member states.

“That means that ECOWAS must interfere with the internal affairs of the states, and the issue of sovereignty becomes a problem,” he said.

Jonathan urged leaders in the region to work collectively towards stability, saying, “The heads of states of ECOWAS must continue to work together and agree on concrete terms and make sure that the sub-region is politically stable.”

He added that economic integration efforts would falter without solid democratic institutions and called on Nigerian diplomats to properly document foreign policy experiences for future leaders.

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Paying tribute to ECOWAS founders, including former Head of State Yakubu Gowon, Jonathan described the creation of the bloc in 1975 as a bold and necessary step toward regional unity and economic integration.

Gowon, who was also honoured at the event, recounted the origins of ECOWAS, linking its formation to post-war diplomatic engagements across West Africa.

According to him, “It was as a result of the various efforts of all Nigerians when we went through a very difficult period, and I had to go to the various countries to say thank you.”

He said discussions with regional leaders at the time led to a shared vision for broader cooperation.

“Why don’t we also think about having something that we can at least have in agreement for all of us when we are working together?” he said.

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Gowon emphasised that ECOWAS was the product of collective effort rather than individual ambition, crediting government institutions and civil servants for its success.

“This would not have been possible without the support of all the staff of the Ministry of External Affairs and the Ministry of Economic Development,” he stated.

He added that the recognition bestowed on him should be shared widely.

“The honour that is being done to me today should really go back to all the staff that worked so hard to make sure that this became a reality,” he said.

Also speaking, the President of the Association of Retired Career Ambassadors of Nigeria, Joe Keshi, highlighted the importance of honouring excellence in diplomacy, noting that the awards celebrate dedication and service to Nigeria and the continent.

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“Diplomacy is one profession where success is often invisible, reflected not by news coverage, but by maintained stability, prevented conflicts, cultivated partnerships,” he said.

Keshi noted that the event coincides with the 50th anniversary of ECOWAS, describing the organisation as “a bold experiment in regionalism,” and urged diplomats to adapt to evolving global challenges.

The Chief of Army Staff, Lt Gen Waheed Shaibu, also praised Gowon, describing him as a symbol of national unity and visionary leadership.

He said the recognition offers a chance to reflect on a legacy “defined by visionary leadership, courage, and unwavering commitment to the unity, stability, peace, and progress” of Nigeria.

Shaibu added that Gowon’s leadership reflected “patriotism, resilience, and a profound sense of duty,” while commending ARCAN for its continued contribution to diplomatic discourse and Nigeria’s global engagement.

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BREAKING: FG opts for open court trial of coup plotters against Tinubu

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After months of official hiatus, the Federal Government, on Tuesday finally got on the way with the trial of those fingered in the alleged plot to oust President Bola Ahmed Tinubu through a coup, including Timipre Sylva, former Minister of State for Petroleum.

The move, which apart from the former Governor of Bayelsa State, came with the filing of a 13-count charge before the Federal High Court, Abuja, against the alleged plotters including Mohammed Ibrahim Gana, a retired General in the Nigerian Army, Erasmus Ochegobia Victor, a retired Naval Captain, Ahmed Ibrahim, a serving police inspector, Zekeri Umoru, Bukar Goni, and Abdulkadir Sani.

Sylva, whose name surfaced as one of the plotters when the news first broke and believed to be the major financier of what would have led to another military government in Nigeria after the last ended in 1999, was listed as being at large – on the run.

The charge, filed on Monday by the Office of the Attorney-General of the Federation and signed by the Director of Public Prosecutions, Rotimi Oyedepo (SAN), accuses the defendants of offences ranging from alleged treason and terrorism to failure to disclose security intelligence and money laundering linked to terrorism financing.

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The prosecution alleged that the defendants conspired in 2025 “to levy war against the state to overpower the President of the Federal Republic of Nigeria”, an offence punishable under Section 37(2) of the Criminal Code.

The Federal Government further alleged that the defendants had prior knowledge of a planned treasonable act involving one Colonel Mohammed Alhassan Ma’aji and others, but failed to alert authorities.

Furthermore, the defendants were also accused, according to the charge, of, while “knowing that a treasonable act was intended to be committed, did not give information thereof with all reasonable despatch to either the President… or a peace officer.”

They were also accused of failing to take preventive steps and “did not use any reasonable endeavours to prevent the commission of the offence”.

Beyond treason, the defendants are facing terrorism-related charges of conspiracy under the Terrorism (Prevention and Prohibition) Act, 2022, as they “conspired with one another to commit an act of terrorism in the Federal Republic of Nigeria”.

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Inspector Ahmed Ibrahim and Zekeri Umoru were specifically accused of attending meetings linked to the alleged plot “in a bid to further a political ideology which may seriously destabilise the constitutional structure of the Federal Republic of Nigeria.”

The charge also accused the defendants of providing support for terrorism, alleging that they “knowingly and indirectly rendered support” to facilitate acts of terror.

The prosecution alleged deliberate suppression of intelligence, stating that the defendants “had information which would be of material assistance in preventing the commission of the act of terrorism but failed to disclose the information to the relevant agency as soon as practicable”.

Financially, several defendants were accused of handling funds linked to terrorism financing, in violation of the Money Laundering (Prevention and Prohibition) Act, 2022.

Bukar Kashim Goni allegedly “indirectly retained the aggregate sum of N50,000,000, which forms part of the proceeds of an unlawful act, to wit: terrorism financing”, while Abdulkadir Sani allegedly retained N2m from a similar source.

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According to the charge, Zekeri Umoru “without going through a financial institution accepted a cash payment of the sum of N10,000,000″ and also retained an additional N8.8m suspected to be proceeds of terrorism financing.

Inspector Ahmed Ibrahim was also accused of taking possession of “the sum of N1,000,000, being part of proceeds of terrorism financing”.

Alleged Coup Plot, Protests

After the Federal Government cancelled the parade to mark Nigeria’s 65th independence anniversary on October 1, 2025, reports had claimed that the move was linked to an alleged coup attempt.

The Defence Headquarters (DHQ) dismissed the claims, however, saying the parade cancellation had nothing to do with the alleged coup attempt.

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In January 2026, the DHQ confirmed that there was an attempt to overthrow President Tinubu.

The DHQ Director of Defence Information, Samaila Uba, said investigations showed some military personnel were involved in the alleged coup plot.

According to Uba, the officers have been detained and would be arraigned before military judicial panels.

Last month, families of the military officers detained over the alleged coup plot appealed to Tinubu to allow the suspects to be tried in an open court.

Human rights activist Omoyele Sowore protested alongside the detained officers’ families. They also asked for access to the alleged coup plotters.

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ADC: Fight, scatter them! *Presidency goads Kogi lawmaker on Mark’s leadership

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From the seat of the Presidency, came what indicates a clear and open support for the camp in the African Democratic Congress (ADC) fighting David Mark, National Secretary and Rauf Aregbesola, National Secretary, respectively.

The signal came from Femi Gbajabiamila, Chief of Staff (CoS) to President Bola Tinubu, who practically threw his weight behind Leke Abejide, one of the arrowheads wedging the war that could see the main opposition party in Nigeria not presenting a candidate for next year’s presidential election.

Against the backdrop of allegations that Aso Rock has been fuelling the various crises in the major political parties, Gbajabiamila, former Speaker of the House of Representatives and a key ally of President Bola Tinubu, all but clearly stoked the fire by egging the Kogi lawmaker on to launch a fiercer onslaught against the Mark leadership.

Urging Abejide, who had sworn that he would do everything to ensure Tinubu’s re-election not to leave the ADC, through which he won his election to the National Assembly in 2023, but to stay back and fight rather than exiting the party, the ex-Speaker praised him for his resilience so far.

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Abejide, who on his own, has thrown his weight behind Nafiu Bala, former Deputy National Chairman of the ADC, now laying claims to Mark’s position was one of those sacked at the convention organised by the Mark group last week.

But Gbajabiamila, who used the Kogi lawmaker’s birthday celebration on Monday to announce his support publicly, while hailing his political trajectory and resilience, including winning his election under the ADC – a relatively less-fancied platform in 2023.

His words: “For a man to contest in a place like Kogi, under a relatively unknown party, and win back-to-back elections, it tells you who that man is. You did not only secure re-election but also helped expand the party’s influence by bringing in other candidates. You’re a committed party man and a fighter.

“My charge to you is to stay in that same party. Fight them. Scatter them. Hold on to your party. Do not abandon them. We like what you are doing. Hold on to your party. Do not abandon it. Continue what you are doing. Win your election there. Nobody can take your party away from you.”

After the hammer from the Mark group, alongside Kingsley Temitope, Obinna Norman, Kennedy Odiong, and Stella Chukwuma, over the allegation of anti-party activities, Abejide dismissed his sack as null and void, coming from a “suya convention.”

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