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Oil.Theft: Reps Decry Dwindling Economy Warns MDA’s Against Wastage’s ….. Says Nigeria loses N1.29tr yearly

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From Lateef Taiwo

The House of Representatives has decried dwindling state of Nigeria economy even as it also warned revenue generating agencies of government against Wastegies.

The Speaker, Hon. Tajudeen Abbas who disclosed this yesterday during the official Inaugurate of Special Committee on Oil Theft revealed further that Nigeria is currently losing revenues estimated at N1.29 trillion annually in addition to daily lost of 300,000 barrel of oil due to industrial-scale theft.

Hon Abbas stated that the Special Committee on Crude Oil Theft/Losses remain another commitment of the 10th House under his leadership to tackle the largest threats to Nigeria’s economy.

He however, blamed most oil loss activities on vandalism as well other criminal activities being perpetrated by unscrupulous elements in the country.

The speaker lamented against the oil theft menace adding that severe consequences of this illegal act includes revenue loss, environmental disaster, threats to regional peace and security, proliferation of arms, as well as poor investment climate.

He reminded the Committee and it’ members of their primary objective which is to determine the proximate as well as the remote causes of oil theft in Nigeria and recommend remedial measures to the House for appropriate action.

He informed that Nigeria as a country is currently facing significant financial challenges due to a combination of rising expenditures and falling revenues.

The lawmaker however, disclosed that the proposed revenue and expenditure for 2023 stand at N9.73 trillion and N20.51 trillion, respectively adding that a fiscal deficit of N10.78 trillion, which is about 4.78% of the GDP.

This deficit, according to the speaker is the largest in Nigeria’s history even as he noted that the budget is more than double the proposed revenue.

Consequently, the speaker said with the current reality, Nigeria has no choice than to go into borrowing to cover the gap.

He equally promised the readiness of the 10th House under him to significantly raise the targets for all government revenue-generating agencies in the country.

While expressing the hope that revenue agencies could generate much more than they are currently doing for the best interest of all citizenry and the country at large.

The lawmaker recalled that the parliament engagement with MDAs on the 2024-2026 MTEF, have made it clear that a lot more will be required from key government revenue-generating agencies next year.

He however, suggested that to achieve the expected results, the speaker urged government agencies to do their best in reducing Wastegies in order to improve efficiency, especially in collection.

“Revenue-generating agencies must ensure transparency in the management of generated revenues. Let me state clearly that the House will not tolerate low performance by agencies or failure to show evidence of required remittances to the Federation Account”.

He promised the House readiness to ensure close monitoring of agencies as well as carry out strict oversight of the activities of all revenue-generating agencies in the country to ensure compliance.

“we set up this Special Committee to underscore our unwavering commitment to protect the nation’s resources for the good of all our citizens and to punish the perpetrators of these dreadful crimes”.

The speaker equally used the opportunity to charge the committee to thoroughly investigate all dimensions of oil theft, focusing on the actions of all actors, including criminal gangs, militia groups, the local populace, company employees and security agencies.

To members of the special committee on Oil Theft, the speaker advised:’ approach your mandate with diligence, objectivity, a sense of urgency and patriotism”.

It was gathered that the findings and recommendations from committee will serve as a foundation for sustainable solutions rather than ad-hoc measures.

Members of the committee and critical stakeholders which includes: government agencies, industry players, security agencies, civil society organizations, and the general public were advised to extend their full support and operation in order to deliver on its mandate.

He expressed optimism that with synergy, good investigation by the committee, enhance revenue, investment and overall socio-economic progress is possible in Nigeria.

In his address, the Chairman of the special Committee, Hon Alhassan Ado Doguwa explained that Nigeria is not able to reap the needed democracy dividend because oil theft.

The lawmaker stated that the need to address oil theft in the country should not be emphasized reiterating his committee readiness to surmount all challenges in order to deliver on it mandates to Nigerians.

According to Hon Doguwa, the problems of vandals, criminals element perpetrating oil theft in the country shall be address headlong.

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‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain

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By Emmanuel Kuza

A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.

Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.

According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.

“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.

He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.

“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.

The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.

Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.

“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.

He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.

“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.

Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.

He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu

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200 widows benefit from empowerment outreach in Plateau

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By Israel Adamu, Jos 

 Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.

The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.

The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.

She stressed that the outreach was not a political programme but an expression of love and support for humanity.

Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.

“This is simply an expression of compassion and love for humanity. It is not a political programme.

“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”

Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.

Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.

At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash

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SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance

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By Francis Wilfred 

The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.

They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026

The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.

Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.

Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations

He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector

“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.

In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.

The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.

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