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Energy Reforms Advocates Expose Underhand Dealings in NNPCL’s Crude Oil Allocation: Matrix and GTT Under Scrutiny
The Energy Reforms Advocates, a formidable coalition of activists championing transparency and accountability within Nigeria’s oil and gas sector, has sounded the alarm over an alleged “unholy alliance” between the Nigerian National Petroleum Company Limited (NNPCL) and Matrix Energy Group. This purported partnership, according to the advocates, is specifically designed to deprive Nigeria of crucial tax revenues.
A damning report compiled by the group has unearthed irrefutable evidence linking Matrix Energy’s operations to Malta, a notorious European hub for clandestine blending and ship-to-ship transfers of sanctioned Russian oil and petroleum products.
Further investigation revealed that crude oil allocations by NNPCL to Matrix Energy Group are traded through an intermediary, Gulf Transport & Trading (GTT), registered in the United Arab Emirates (UAE). These allocations, totaling nearly 38% of Nigeria’s oil import quota, allegedly circumvent Nigeria’s tax system, resulting in billions of naira in lost revenue.
Matrix Energy, helmed by Abdulkabir Adisa Aliu, purportedly receives up to four crude oil cargoes per month from NNPCL. Instead of trading these allocations directly within Nigeria, where they would be subject to taxes and government oversight, the crude is rerouted through GTT. This UAE-based trading company allegedly serves as a front for Matrix’s offshore operations.
The scheme enables the oil to be sold at a premium of $3 per barrel, generating substantial profits outside Nigeria’s taxation system. This brazen exploitation not only undermines Nigeria’s economic interests but also raises serious concerns about corruption and money laundering.
An exhaustive examination of documents by Energy Reforms Advocates reveals that this clandestine arrangement yields an estimated $150 million (approximately N240 billion at the current exchange rate of N1,600 per dollar) in untaxed profits annually, denying Nigeria’s treasury much-needed revenue.
Given oil’s status as Nigeria’s primary revenue source, this flagrant exploitation has far-reaching consequences, impacting every sector of the country. The ripple effects of this malfeasance are felt across the economy, exacerbating financial hardships and undermining national development. These illicit gains, which rightfully belong to the Nigerian people, are instead unlawfully appropriated by Matrix Energy and its collaborators, dealing a devastating blow to the nation’s economic well-being.
Further investigation has uncovered an even more alarming aspect of this scheme. Poly Pro Trading, a Dubai-registered entity purportedly operating from OneJLT Towers 05.015 in the Dubai Free Trade Zone, appears to be a fictitious company lacking a physical office presence.
Energy Reforms Advocates categorize this location as a mere “business front,” cleverly designed to lend legitimacy to illicit oil transactions. This revelation raises profound concerns regarding the true nature and intentions of these offshore entities, particularly their role in siphoning Nigeria’s wealth through elaborate schemes.
Further in-depth investigations into Matrix Energy’s operations have uncovered the company’s clandestine involvement in the importation of substandard refined petrochemicals, which are subsequently distributed throughout Nigeria, perpetuating a hazardous cycle of environmental degradation and health risks. Documents obtained by Energy Reforms Advocates reveal that a substantial percentage of Matrix’s imports originate from Malta, a small European nation lacking significant oil refining capacity. However, Malta has gained notoriety for its role in illicitly refining Russian oil, which is then surreptitiously traded to unpatriotic representatives from various countries.
Alarmingly, over 35% of shipments from Malta contain petroleum products of questionable quality, including naphtha and gasoline blends, which fall short of global standards. These subpar products are then transshipped through various African ports, ultimately infiltrating Nigeria’s fuel distribution system.
Notably, diesel from Russia is notoriously off-spec, and diesels from Matrix filling stations have failed the ASTM D4294 test method, which provides a rapid and precise measurement of total sulfur in petroleum and petroleum products with minimal sample preparation. This situation has led to Matrix Energy peddling flammable diesel with toxic fumes to unsuspecting Nigerians, while reaping enormous profits.
The ecological and health consequences of this low-grade fuel are dire. Increased emissions from these substandard products lead to elevated pollution levels, frequent vehicle breakdowns, and a precipitous decline in public health. Experts warn that this illicit trade contributes significantly to Nigeria’s escalating mortality rate, as unsuspecting citizens are exposed to these harmful products. The sheer magnitude of this environmental and health crisis raises urgent concerns about the government’s regulatory oversight and the company’s blatant disregard for human life and the environment.
Energy Reforms Advocates contend that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is culpably complicit in the illicit operations, willfully disregarding its statutory responsibility to ensure the quality of petroleum imports. The advocacy group asserts that Matrix Energy inaction is facilitated by its cozy relationship with high-ranking officials like, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),Farouk Ahmed, and the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari.
By failing to regulate fuel quality effectively, NMDPRA has created a regulatory vacuum that international commodity traders and Nigerian marketers have exploited with impunity, importing subpar fuels without consequence.
Regrettably, the presence of unpatriotic individuals, including Adisa Aliu, Farouk Ahmed, Mele Kyari, and their associates, in key decision-making positions has perpetuated the corruption plaguing Nigeria’s oil and gas sector. The disturbing revelations surrounding Matrix Energy and Gulf Transport & Trading’s (GTT) unscrupulous business practices not only cast doubt on the integrity of NNPCL’s leadership but also tarnish the reputation of Nigeria’s entire oil and gas industry.
As Africa’s largest oil producer, Nigeria’s economy is heavily reliant on crude exports and the accompanying revenues. However, these illicit dealings deprive the country of vital funds that could be invested in critical infrastructure, education, healthcare, and essential public services. The actions of these unpatriotic elements in power have far-reaching and devastating consequences, severely impacting various aspects of Nigeria’s development, including its economic, social, infrastructure, political, and humanitarian well-being.
With a great insight into the understanding of this situation as a Syndicate operation involving high profile corrupt individuals, the Energy Reforms Advocates are urgently appealing to relevant authorities, notably the Economic and Financial Crimes Commission (EFCC), to initiate a thorough investigation into these illicit activities and prosecute all individuals and organizations implicated.
The advocacy group is also demanding enhanced transparency in the Nigerian National Petroleum Company Limited’s (NNPCL) crude oil allocation processes and more stringent oversight of the nation’s oil export channels to prevent further exploitation.
In response to these disturbing findings, Energy Reforms Advocates are pressing the Nigerian government to conduct a comprehensive review of all crude oil export contracts, ensuring that companies like Matrix Energy and Gulf Transport & Trading (GTT) are held accountable for their actions.
The group is emphasizing the imperative need for sweeping reforms in the oil and gas sector, specifically targeting the pervasive exploitation by foreign entities in collusion with corrupt Nigerian officials.
“This constitutes a systematic plundering of Nigeria’s resources,” declared a spokesperson for Energy Reforms Advocates. “We can no longer tolerate the inaction that enables a select few privileged companies, in cahoots with corrupt officials, to siphon away our nation’s wealth. The time has come for decisive government intervention.”
As this saga unfolds, Energy Reforms Advocates urge Nigerians to remain vigilant, demanding the transformative change desperately needed in this critical sector. The advocacy group persists in its demands for transparency, accountability, and justice on behalf of Nigerians whose future is being jeopardized by these unscrupulous dealings.
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HON. JA’AFARU YAKUBU HONOURED WITH DOUBLE TRADITIONAL TITLES OF CHIROMAN GASSOL AND MARAFAN BAKUNDI BALI
The Member representing Bali/Gassol Federal Constituency in the House of Representatives, Hon. Ja’afaru Chiroma Yakubu (ADC), has been conferred with two prestigious traditional titles — Chiroman Gassol and Marafan Bakundi Bali — in recognition of his exemplary leadership, commitment to public service, and immense contributions to community development.
The traditional honours were officially bestowed on the federal lawmaker by the revered traditional ruler of Bakundi Chiefdom, His Royal Highness, Alhaji Kabiru Muhammad Gidado Misa, the 10th Lamdo of Bakundi, during a colourful coronation ceremony attended by members of the royal family, community leaders, political associates, supporters, and well-wishers.
The conferment of the dual traditional titles has continued to attract widespread commendation from stakeholders across Taraba State and beyond, with many describing the recognition as a reflection of Hon. Ja’afaru Yakubu’s growing influence, grassroots connection, and unwavering dedication to the wellbeing of his people.
In a congratulatory message issued by his Special Assistant on Media and Publicity, Comrade Bashir Umar Dali, the lawmaker was described as a courageous, humble, and visionary leader whose commitment to humanity and community advancement has remained outstanding.
According to the statement, the titles Chiroman Gassol and Marafan Bakundi Bali are symbolic recognitions of the lawmaker’s selfless service, people-oriented representation, and tireless efforts towards promoting unity, peace, and sustainable development across Bali/Gassol Federal Constituency.
The statement further noted that Hon. Ja’afaru Yakubu has consistently distinguished himself through impactful representation, empowerment initiatives, and developmental interventions aimed at improving the lives of the people.
“Your commitment and selfless contributions to the growth and progress of the people continue to inspire many across Bali/Gassol Federal Constituency and beyond,” the statement read.
Comrade Bashir Umar Dali also prayed for greater wisdom, strength, honour, and divine guidance for the federal lawmaker as he continues to shoulder greater traditional and leadership responsibilities in service to the people.
Observers have described the conferment of the two traditional titles as a major endorsement of Hon. Ja’afaru Yakubu’s leadership credentials and his increasing relevance in the socio-political and traditional landscape of Taraba State.
The titles Chiroman Gassol and Marafan Bakundi Bali are regarded as highly respected honours within the traditional institution, reserved for individuals who have demonstrated exceptional character, loyalty, service, and commitment to the development and unity of their communities.
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EID-EL-KABIR: BELLO BABAYO BELLO COMMENDS TINUBU, SHETTIMA, GOMBE GOVERNOR AS HE FELICITATES WITH MUSLIMS NATIONWIDE
The Executive Director, Networks, Niger Delta Power Holding Company Limited (NDPHC), Engr. Bello Babayo Bello, FNSE, has extended warm felicitations to Muslim faithful across Nigeria, particularly the people of Gombe State, on the occasion of the 2026 Eid-el-Kabir celebration, urging citizens to continue promoting peace, unity, love, and national development.
In a goodwill message released to journalists on the occasion of the Islamic festival, Engr. Bello described Eid-el-Kabir as a sacred celebration that reflects the virtues of sacrifice, obedience, faith, compassion, and gratitude to Almighty Allah as demonstrated by Prophet Ibrahim (AS).
He called on Muslims to use the spiritual significance of the season to strengthen the bonds of brotherhood, support one another, and continue praying for the peace, stability, and prosperity of Nigeria.
Engr. Bello also commended the leadership of President Bola Ahmed Tinubu, GCFR, for his commitment to national development, economic reforms, infrastructural advancement, and efforts aimed at strengthening unity and progress across the country.
According to him, the administration of President Tinubu has continued to demonstrate determination in laying foundations for long-term growth and national transformation through bold policies and strategic governance initiatives.
The NDPHC Executive Director equally praised Vice President Kashim Shettima, GCON, for his loyalty, dedication, and support toward the actualization of the Renewed Hope Agenda of the Federal Government.
He noted that the Vice President has continued to play a vital role in promoting stability, inclusion, and effective coordination within government.
Engr. Bello further applauded the Governor of Gombe State, Muhammadu Inuwa Yahaya, CON, for what he described as purposeful leadership and remarkable strides in infrastructural development, healthcare, education, youth empowerment, and peaceful coexistence in the state.
He said the governor’s developmental policies and inclusive style of governance have continued to attract admiration and confidence from the people of Gombe State and beyond.
“Eid-el-Kabir remains a season of reflection, gratitude, sacrifice, and devotion to Almighty Allah. It is also a period that reminds us of the importance of unity, compassion, tolerance, and service to humanity. As we celebrate, we must continue to pray for our leaders and for the continued peace, progress, and prosperity of our dear nation,” he stated.
Engr. Bello urged Muslim faithful to extend love and kindness to the less privileged, widows, orphans, and vulnerable members of society during the Sallah festivities, stressing that charity and generosity are central teachings of Islam.
He also commended the people of Gombe State for sustaining the culture of peaceful coexistence, harmony, and mutual respect among diverse communities.
The engineering professional and public administrator expressed optimism that Nigeria would continue to witness greater development, unity, and economic advancement under the leadership of President Tinubu.
He prayed for Allah’s continued guidance, wisdom, protection, and blessings upon the President, Vice President, Governor Inuwa Yahaya, and all leaders across the country.
Engr. Bello finally wished Muslim faithful in Gombe State and across Nigeria a peaceful, joyous, and spiritually fulfilling Eid-el-Kabir celebration.
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Dogara Celebrates Eid El-Adha, Urges Nigerians to Embrace Unity, Sacrifice, and Compassion
Rt. Hon. Yakubu Dogara, former Speaker of the House of Representatives and Chairman of the Board of National Credit Guarantee Company Limited (NCGC), has extended heartfelt felicitations to Muslims across Nigeria and around the world on the occasion of Eid El-Adha.
In his Eid message, Dogara described the festival as one of the most profound moments in the Islamic faith — a sacred season that embodies the enduring virtues of sacrifice, obedience, faith, and total devotion to God, as demonstrated by Prophet Ibrahim (AS). He noted that beyond its spiritual significance, Eid El-Adha serves as a powerful reminder of the values of compassion, generosity, and love for humanity.
According to him, the celebration offers an opportunity for reflection and renewal, urging Nigerians to recommit themselves to the ideals of unity, peace, and mutual understanding. He observed that the true essence of Eid lies not merely in celebration, but in the willingness to serve others selflessly and uplift the less privileged.
“Eid El-Adha reminds us that greatness is found in sacrifice, service, and compassion for one another. It is a season that calls us to strengthen the bonds of brotherhood, extend kindness to those in need, and renew hope for a better and more united nation,” Dogara stated.
The former Speaker stressed that the lessons of Eid should transcend religious and ethnic boundaries, especially at a time when Nigeria needs collective commitment to peace, justice, and national cohesion. He called on citizens to rise above division and work together in the spirit of patriotism and shared destiny.
“As we celebrate this sacred festival, may the spirit of sacrifice inspire us to build bridges of understanding, promote harmony across our communities, and work collectively for a more peaceful, just, and prosperous Nigeria,” he added.
Dogara further prayed that the blessings of Eid El-Adha would bring joy to families, healing to communities, and progress to the nation. He encouraged the faithful to use the occasion as a time for spiritual renewal, deeper devotion to God, stronger family ties, and renewed commitment to the common good.
“As families gather in prayer and celebration, may this Eid remind us of our shared humanity and our collective responsibility to serve with humility, love, and sincerity. May the Almighty accept our prayers and sacrifices, bless our homes with peace and happiness, and guide our nation toward greater unity and prosperity,” he concluded.
Dogara wished all Muslim faithful a peaceful and joyous Eid El-Adha celebration filled with divine blessings, love, hope, and renewed faith in the future of Nigeria.
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