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NNPC Reveals N5.1 Trillion Debt in Fuel Importation Costs for 2023

By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has disclosed that the Federal Government accumulated a debt of N5.1 trillion in under-recovery and energy security expenses related to fuel importation in 2023. Additionally, a total of N9.38 trillion, described as receivables, was incurred by the national oil company on behalf of the government…

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Chelsea’s Maresca Dismisses Claims of Squad “Mess” Amid Transfers

Chelsea manager Enzo Maresca dismissed claims on Wednesday that he was overseeing a “mess” of a squad following the club’s latest round of transfer activity. Portuguese forward João Félix has signed a seven-year contract with Chelsea, marking his return to Stamford Bridge after a less-than-impressive loan spell from Atlético Madrid during the 2022/23 season. Félix’s…

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EFCC Denies Sharing Forfeited Assets Linked to Ex-CBN Governor

The Economic and Financial Crimes Commission (EFCC) has firmly denied allegations that its officials were involved in sharing forfeited assets linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and his associates. In a statement released on Wednesday, EFCC spokesperson Dele Oyewale refuted an online report claiming that the anti-graft agency had distributed…

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Governor Abiodun Visits INEC Ogun, Offers Condolences on REC’s Passing

Ogun State Governor Dapo Abiodun visited the state office of the Independent National Electoral Commission (INEC) in Abeokuta to offer his condolences to staff members following the passing of the Resident Electoral Commissioner (REC), Barrister Niyi Ijalaye. During his address, Governor Abiodun praised the late REC for his unwavering commitment to integrity and truth. He…

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Kano PCACC Investigates ₦440 Million Procurement Scandal with Novomed

The Kano State Public Complaints and Anti-Corruption Commission (PCACC) has escalated its investigation into an alleged procurement scandal involving the diversion of ₦440 million from local government funds. The probe is focused on claims that approximately ₦10 million was illicitly siphoned from each of the 44 local government accounts to Novomed Pharmaceuticals for medical supplies,…

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Troops Intercept Boko Haram/ISWAP Supply Syndicate in Borno State

Troops of the Multinational Joint Task Force (MNJTF) deployed in Sector 3 Mongunu, in collaboration with intelligence operatives and the Civilian Joint Task Force (CJTF), have successfully intercepted a Boko Haram/ISWAP logistics supply syndicate at Cross Kauwa Market in Mongunu, Borno State. Lieutenant Colonel Olaniyi Osoba, Chief Military Information Officer at HQ MNJTF N’Djamena, Chad,…

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