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Senate rejects NNPCL’s Explanations on unaccounted N210trillion
…threatens to subpoena former GMDs
From Hassan Taiye
The Senate Tuesday through its committee on Public Accounts , rejected written explanations forwarded to it by management of the Nigerian National Petroleum Company Limited ( NNPCL) on unaccounted N210trillion from 2017 to 2023.
The Committee headed by Senator Aliyu Wadada Ahmed ( Nasarawa West) had on the strength of 19 different queries raised against NNPCL by Office of the Auditor – General of the Federation in the financial reports of 2017 to 2023 , directed NNPCL to account for N210trillion financial infraction as contained in the reports .
Though the management of NNPCL in line with the directive, responded to the 19 queries through written explanations but failed to physically appear before the Committee on Tuesday ( November 11, 2025) as earlier suggested and agreed .
Irked by the development , the committee through its Chairman at the session , slammed the Group Chief Executive Officer ( GCEO) of NNPCL, Engineer Bayo Ojulari for offensive evasiveness which according to him, will not make the committed recognise any representation from NNPCL again ,
He said : ” Today, November 11, 2025, was a date chosen by NNPC. it is rather unfortunate that none of the officials of NNPC is here on a date they themselves chose.”
“The public has been waiting for this. It is important that we keep Nigerians informed. Even though we cannot conclude today in the absence of NNPC officials, the committee must share our findings based on the responses already submitted by NNPC.”
He revealed that NNPC’s financial submissions raised serious red flags — particularly claims of ₦103 trillion in accrued expenses and ₦107 trillion in receivables, totaling ₦210 trillion between 2017 and 2023.
“NNPC claimed ₦103 trillion as accrued expenses and ₦107 trillion as receivables — amounting to ₦210 trillion. On question eight, NNPC’s explanation on the ₦107 trillion receivables — equivalent to about $117 billion — contradicts available facts and evidence provided by NNPC itself. The committee is duty-bound to reject this”, he said
He further questioned how NNPC could pay ₦103 trillion in cash calls to joint venture partners in 2023 alone, despite generating only ₦24 trillion in crude revenue between 2017 and 2022.
“Cash call arrangements were abolished in 2016 under the Buhari administration. How can NNPC claim to have paid ₦103 trillion in one year, when it only generated ₦24 trillion in revenue over five years? Where did NNPC get that money?
“As far as this committee is concerned, that figure is unjustifiable and unacceptable. The ₦103 trillion must be returned to the Treasury. This will be concluded when NNPC appears before us.”
He added that the committee also outrightly rejected the ₦107 Trillion receivables which stand for assets in accounting.
“NNPC claimed of ₦107 trillion as receivables — part of which they said was held in defunct banks. However, no bank or amount was named.
“This lack of transparency is unacceptable. By the time you combine both figures — ₦103 trillion and ₦107 trillion — NNPC must account for ₦210 trillion.
“If the present management of NNPC is finding it difficult to provide acceptable answers, it is better they say so. The committee will not hesitate to subpoena former officials of NNPC and NAPIMS.
“NAPIMS, by law, is a department under NNPCL and cannot maintain an independent account. Yet, NAPIMS has been operating as if it were a separate entity”, he stressed .
He warned that any future absence of NNPC’s Group Chief Executive Officer (GCEO) before the committee would no longer be tolerated.
“At any point this committee invites NNPC, the Chief Executive must appear in person. Being out of the country will no longer be accepted as an excuse. The next invitation will require the GCEO’s physical presence.”
In their separate remarks , all members of the committee present at the session , supported the decisions announced by the Chairman .
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Kwara 2027: APC Group Rejects Olasumbo’s Rep Candidacy
- Says She’s A Non-indigene Who Hails From Ogun State
Stephen Olufemi Oni Ilorin
A wave of discontent has continued to pervade the All Progressives Congress (APC) in the Ekiti/ Irepodun/Isin/Oke-Ero Federal Constituency of Kwara State, as a
prominent group, under the aegis of Concerned APC Stakeholders, has vehemently opposed the purported nomination of Hon. Florence Olasumbo Oyeyemi as the party’s candidate for the House of Representatives in the 2027 general elections.
According to the group, the candidate for their constituency should be an indigene of the Ekiti bloc, and not Olasumbo, who, they said, hails from Ijebu in Ogun State.
They described the development as a betrayal of the aspirations of party faithful and constituents, insisting that Olasumbo does not represent the interests or identity of the people she is expected to serve.
Addressing a press conference in Ilorin, the Kwara State capital, the Coordinator of the group, Hon. Bayode Dada, said the alleged move to replace Hon. Tunji Olawuyi, popularly known as Ajuloopin, with Oyeyemi was unacceptable and capable of jeopardising the demand of the Ekiti bloc for the House of Representatives slot, adding that the movie was capable of destabilising the party ahead of the general elections, while calling for an urgent change of Olasumbo’s name to a bonafide indigene of the Ekiti bloc.
According to Dada, while many members had accepted the decision that Ajuloopin should no longer fly the party’s flag, replacing him with someone they described as a non-indigene was a dangerous move that could trigger widespread dissatisfaction within the APC.
“All we need now is Ekiti for Ekiti and not an Ijebu woman from Ogun state to take our slot, we can’t afford to toy with our destiny by placing it in the hands of a stranger,” he said.
He alleged that Oyeyemi is not an indigene of either Oke-Ero Local Government Area or Kwara State, claiming instead that she hails from Ijebu in Ogun State.
He argued that such a background makes it difficult for her to understand the peculiar challenges, aspirations and developmental needs of the constituency.
“The people deserve a representative who shares their history, understands their struggles and has deep roots in the constituency.
“Leadership is not just about political appointment; it is also about identity, trust and genuine connection with the people,” Adewara stated.
He warned that imposing what he described as an outsider on the constituency could provoke internal resistance within the APC and weaken the party’s electoral strength, thereby creating an opportunity for opposition parties to capitalise on the growing discontent.
“We appreciate the fact that Ajuloopin is no longer in the race because many believed retaining him could have negatively affected our chances at the polls.
“However, replacing him with Olasumbo is equally unacceptable because she does not represent what the people want,” he said.
The Coordinator urged the national and state leadership of the APC to retrace their steps and ensure that the party’s candidate emerges through a transparent process that respects both the outcome of the primaries and the wishes of party members in the constituency.
He further argued that any attempt to sideline qualified aspirants who are bona fide indigenes of the constituency could deepen existing divisions within the party and erode the confidence of loyal supporters.
Describing the reported nomination as insensitive, Dada maintained that the people of Oke-Ero had endured years of perceived political marginalisation and should not be subjected to what he termed another act of political imposition.
“We need an original son or daughter of Oke-Ero to replace Ajuloopin, not someone from Ijebu in Ogun State.
“The people deserve representation that reflects their identity and protects their interests,” he added.
He noted that questions of zoning, local identity and grassroots acceptance have historically played significant roles in determining electoral outcomes in many parts of Nigeria.
He said, Candidates perceived as lacking local legitimacy often face resistance from party structures and the electorate, regardless of their political credentials.
He said that internal disagreements over candidate selection remain one of the leading causes of defections and electoral setbacks for political parties in Nigeria.
According to him, Several elections have demonstrated that unresolved disputes arising from party primaries and nominations frequently weaken campaign cohesion and benefit opposition parties.
As of the time of filing this report, neither Miss Florence Olasumbo Oyeyemi nor the leadership of the APC in Kwara State had issued an official response to the allegations and demands contained in the statement.
The controversy is expected to intensify discussions within the party over fairness, inclusiveness and the importance of local representation as political realignments continue within the constituency.
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‘You are a priest’ — Osinbajo recounts encounter that made him quit drinking alcohol
By: Fabian Apechihin
Former Vice President Yemi Osinbajo has shared the personal experience that led him to stop drinking alcohol, describing it as a defining moment during his time on a United Nations mission in Somalia.
Speaking in a video that has since gone viral, Osinbajo, who is also a pastor, revealed that he occasionally drank red wine and beer before deciding to quit completely.
According to him, the turning point came while he was serving in Mogadishu. After preaching at a fellowship service on a Sunday, he planned to buy a couple of cans of beer and return to his room.
Osinbajo recalled entering a restaurant within the UN camp, where he met colleagues from different countries who were drinking. On seeing him, they immediately tried to hide their alcoholic drinks.
Curious about their reaction, he asked one of his colleagues from Denmark why they were concealing the drinks.
According to Osinbajo, the colleague replied: “You are the priest, and we cannot be drinking around the priest.”
He said the response prompted deep reflection about his calling and the example he was setting for others.
Osinbajo explained that the encounter made him realize that although certain actions may be permissible, they may not always be appropriate.
Quoting a biblical principle, he said, “All things are lawful for me, but all things are not expedient.”
He added that from that day onward, he made the personal decision to stop drinking alcohol completely.
Recalling the incident, Osinbajo said:
“I like my red wine once in a while, and then I like my beer. On this particular Sunday, I was coming back from the fellowship where I had preached, and I was just hoping to buy two canned Heineken and go to my room and read my Bible.
“There were many restaurants in the UN compound in Mogadishu. So, I went to this particular restaurant, and as I walked in, I saw many of my colleagues from different countries. They were drinking… They said, ‘You are the priest, and we cannot be drinking around the priest.’ That made me realize that all things may be lawful, but not all things are expedient.”
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Former VP Osinbajo gets new appointment at Nigerian Conservation Foundation
By: Fabian Apechihin
Former Vice President Yemi Osinbajo has been appointed President of the Board of Trustees of the Nigerian Conservation Foundation, pledging to strengthen environmental conservation and climate action in Nigeria.
Osinbajo made the commitment on Wednesday during his acceptance speech at the Foundation’s 37th Annual General Meeting held in Lagos.
In his remarks, the former vice president paid tribute to the founding fathers of the NCF, especially its President Emeritus, Chief Philip Asiodu, for championing environmental conservation long before climate change became a major global issue.
He also acknowledged the contributions of the late Chief S.L. Edu and other founding trustees, saying their vision laid the foundation for Nigeria’s biodiversity conservation movement.
“They deserve our commendation and gratitude because, but for their vision, Nigeria would not have had the strong foundation it has today for climate action,” Osinbajo said.
Osinbajo noted that climate change is increasingly affecting Nigeria through flooding, rising temperatures and other environmental challenges. He added that extreme temperatures being recorded in parts of Europe highlight the urgency of global climate action.
“There is no question that we are living in the most challenging times with respect to climate change,” he stated.
Despite the challenges, he expressed optimism that advances in technology, innovation and scientific knowledge would provide new opportunities to address environmental problems and promote sustainability.
Describing the NCF as Nigeria’s leading non-governmental organisation focused on environmental conservation and climate action, Osinbajo commended its trustees, staff, volunteers and development partners for sustaining its programmes over the years.
Accepting his new role, he pledged to build on the achievements of previous leaders and deepen collaboration with stakeholders.
“I accept this responsibility with great humility and gratitude. I look forward to working with the Board, management, staff, volunteers and partners to advance the Foundation’s mission and secure a healthier environment for future generations,” he said.
He also reaffirmed his commitment to strengthening the Foundation’s leadership role in biodiversity conservation and environmental sustainability across Nigeria.
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