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NEITI Report: Senator Hunkuyi Calls For Proper Legislation
By Lola SERIKI- IDAHOSA, Kaduna
Senator Sulaiman Hunkuyi, representing Kaduna North Senatorial District in the Senate has called for a proper legislation that will help check the corruption and diversion of public funds. Hunkuyi made this known while commenting on Nigeria Extractive Industries Transparency Initiative (NEITI) report which revealed that the country lost at least $9 billion in 2013 to sharp financial practices in the oil and gas sector. He said a closer look at the way public fund was being diverted over the years one will agree that lack of legislation to prescribe stiffer penalties for offenders or executive unwillingness to fight corruption is the reason behind the high level of corruption in Nigeria. He said the budget of the government is predicated on the free flow of revenue to the Federation Account and if there is no proper legislation to check the corruption in the system the government will find it difficult to implement its budget. He called on his colleagues in National Assembly to collaborate with the government of the day to fight corruption by coming up with laws that will hurt corruption in the country. The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio on Wednesday when he appeared before the Senate over the agency’s 2013 audit report on the oil and gas and solid minerals sectors said Nigeria lost about $9 billion in 2013 to sharp financial practices in the oil and gas sector. Adio said Nigeria lost 5.9 billion dollars and N20 billion to inefficient practices and theft, among other things, and those 1.7 billion dollars was still owed to the federation from oil mining leases (OML). “In 2013 the country produced 800.3 million barrels and out of that, the country made 58.07 billion dollars and that represents an eight- per cent reduction from the 62.9 billion dollars the country made in 2012. “The issue is that there are some monies that were withheld, lost or underpaid for different reasons.
“The first is in the category of the non-remitted, and the non- remitted amounted to 3.8 billion dollars and N358 million. “The second category is the category of losses. Because of some inefficient practices and theft among other things, the country lost 5.9 billion dollars and N20 billion. “N20 billion was lost because the Nigerian National Petroleum Corporation (NNPC) did not observe the 90 days credit grace. “Looking at the time value of money, if you calculate at 12 per cent interest, the country lost N20 billion. “Under the category of the under-assessed, the country lost 599.8 million dollars. “When we look at the non- remitted, 1.7 billion dollars is still being owed the federation for OMLS. “Those are the monies we have established that should have been paid to the federation and were not paid,’’ he said. Mr. Adio also said that the audit report revealed that the NNPC divested some monies that should have been transferred to the
federation account. “NNPC, between 2010 and 2011, divested eight assets that belong to the federation to its upstream subsidiary, Nigerian Petroleum Development Company (NPDC). “So, NNPC divested 55 per cent of the shares being held on behalf of the federation to the NPDC. “These eight OMLS are valued at 1.8 billion dollars by Department of Petroleum Resources (DPR). “NPDC paid only 100 million dollars out of the 1.8 billion dollars, meaning there is an outstanding of 1.7 billion dollars and even the 100 million dollars was paid two years after. “What this means is that NNPC lifted oil on behalf of NPDC not on behalf of the federation in spite of the fact that NPDC has not fully paid for those assets,’’ he said. “Another issue is the losses incurred from swap and crude oil offshore processing agreement (OPA). “This is the arrangement where NNPC exchanges crude for product and the country lost 518 million dollars due to the inefficiency of the swap and OPA,’’ he said
News
Court stops APC, INEC from altering Benue APC primary winners
The Federal High Court in Abuja has ordered the All Progressives Congress (APC) and the Independent National Electoral Commission (INEC) to maintain the status quo in a dispute over the party’s candidates emerging from the Benue State APC primaries for the 2027 general election.
The order was made on Thursday by Justice Inyang Ekwo during proceedings in Suit No. FHC/ABJ/CS/1429/2026, filed by Engr. Sesugh Akaagba and other aggrieved APC candidates from Benue State against the APC and INEC.
The plaintiffs had, through an ex parte motion filed on July 5, 2026, sought six interim reliefs, including an order restraining the APC from substituting its validly nominated candidates in Benue State through its June 29, 2026 correspondence, or any subsequent communication, to INEC, pending determination of the substantive suit.
They also sought an order compelling the APC to immediately transmit to INEC the names of candidates validly nominated during the primaries monitored by the electoral commission.
When the matter first came up on July 8, 2026, the court declined to grant the interim application immediately, directing both APC and INEC to appear and respond before any decision was taken. The matter was adjourned to July 16.
At Thursday’s proceedings, counsel representing the APC and INEC were present in court, while the plaintiffs were represented by Mohammed Ndarani, SAN, alongside his legal team.
In his ruling, Justice Ekwo held that since issues had been joined by the parties particularly with INEC now before the court, the defendants were required by law to preserve the subject matter of the litigation pending determination of the substantive suit.
When counsel to the plaintiffs urged the court to caution APC and INEC against taking any further action that could affect the disputed list of candidates, the judge responded that it was “not a matter of advice but of law,” stressing that the defendants were bound to maintain the status quo.
The court consequently restrained APC and INEC from taking any action capable of altering the disputed list of candidates pending the hearing and determination of the substantive suit.
The defendants did not object to the restraining order.
At the commencement of proceedings, the court noted that all parties had voluntarily submitted to its jurisdiction by duly filing and exchanging their respective processes.
It held that there was no procedural or jurisdictional impediment to the expeditious determination of the substantive action, and directed that the matter be heard without further delay.
In furtherance of the objective of preserving the res and safeguarding the efficacy of the judicial process, the court ordered all parties to maintain the status quo pending the hearing and final determination of the substantive suit, restraining any act or omission capable of prejudicing the rights of the parties or rendering the proceedings nugatory.
The court further directed that INEC be served forthwith with the originating and all consequential processes.
The effect of the subsisting order is that INEC is restrained from tampering with the existing list of candidates pending final determination of the suit, and from receiving, recognising, or acting upon any purported substituted list of National Assembly candidates from Benue State submitted by the APC.
The matter was adjourned to July 21, 2026, for hearing of the substantive suit.
News
Goodluck Jonathan’s Family Celebrates Son’s Graduation in UK
Former President Goodluck Ebele Jonathan and former First Lady Patience Ibifaka Jonathan recently celebrated a significant family milestone as they attended the graduation ceremony of their son, Ariara Goodluck Jonathan, at Manchester Metropolitan University in the United Kingdom.
The proud parents joined family members and well-wishers to witness Ariara receive his degree, marking the successful completion of his academic programme. The occasion was filled with joy as the Jonathan family commemorated the achievement, highlighting the importance they place on education and personal development.
The graduation ceremony attracted warm congratulatory messages from friends, associates, and admirers, who wished the graduate continued success in his future endeavours.
News
2027 BENUE GUBER: MORE TROUBLE FOR GOV ALIA
The Following names joined the political family of Sen. Dr. George Akume today after leaving the sinking Alia ship .
Under the leadership of Barr. Emmanuel Jime .
The are ;
Chief Nelson Alapa
Douglas pepe SAN senatorial Aspirant zone A,
Engr Peter Ashiekaa
QS Clement Beetseh
Former commissioners
Joy Luga
Ann itodo
Barr martins Shaagee
Miss Dorcas
Prof Usar Joseh
Prof Cephas Tushima
Chief Patrick Idoko
Hon Patience Akor
Hon Fred Idoko
Hon Lawrence Ekpo Onoja Jnr
Hon Andrew Abah
Hon Agbo Innocent Ikwumonu
Hon Simon Omachoko
Hon David Egboja
Dr John Garba
Among together,
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