Trending News: FAAC Reconciliations Injected N2.36tn into Federation Account in 9 Months Tinubu’s Ambassadorial Nominations Mere Political Settlement, ADC DeclaresAtiku: Tinubu’s ₦17.5trn Spent on Pipeline Security More Than 12 Yrs of Fuel SubsidyAkpabio Hails ‘Unprecedented’ Political Unity in State, Elders Endorse Tinubu, EnoWike Threatens to Sack STDD Coordinator for Illegal Contract VariationLate Sheikh Dahiru Bauchi Was a Pillar of National Unity, Says Olawepo-Hashim Tinubu: To Permanently Secure Nigerians, We Must Reform Our Security Architecture After NMDPRA Report, Dangote Refinery Says It Can Supply 1.5bn Litres of Petrol MonthlyPresidency: Tinubu’ll Secure Nigeria By Confronting Terrorists With Strength, Integrated National Security ApproachMissing N18.6bn NASC Funds: SERAP Sues Akpabio, AbbasOlisa Metuh: After Serious Life Ordeals, I Now Commit to PhilanthropyOye: New Tax Regime May Trigger Capital Flight, Derail Investments, Cripple Nigeria’s Business CompetitivenessNDLEA Dismantles Social Network Distribution of ’Christmas Cookies, Snacks’NSITF to Expand Capacity, Efficiency of Social Security SchemeSAHCO Announces 57% Revenue Growth in 9 MonthsNECO Expands Global Presence to Burkina-Faso After Fulfilling Accreditation TestsOver 100 Sickle Cell Patients Benefit from NDDC, SCAIIN Health Partnership Spokesman: Four Sylva’s Aides Still Languishing in Detention Weeks After ArrestCadbury Nigeria Appoints New Interim Managing Director Nigerian Govt Advised to Create Environment for CSOs to ThrivePCRC Honours Retired Female Police OfficersNigerian Army Rescues 12 Abducted Teenage Girls in Borno State‎Suspected Bandits Attack Church in Kogi, Abduct Pastor, Wife, MembersKanu’s Younger Brother Denies Being IPOB’s Spokesperson, Says Enemies Framing Him up for JailNdume Hails Army’s Daring Rescue of 12 Abducted Girls, Renews Demand for Better FundingNAF Airstrikes Foil ISWAP Attack in Chibko, Destroy Bandit Enclave in KatsinaOf Orchestrated Insecurity And Intentional GovernanceNECO Expands Global Presence to Burkina Faso After Fulfilling Accreditation TestsEdo Commends Dr. Paddy Iyamu Foundation for 100 Free Surgeries to Vulnerable ResidentsBREAKING: Terrorists Launch Fresh Attack On Isanlu Makutu-Idofin Highway In Kogi, Several Persons Feared AbductedBREAKING: Kwara Under Siege As Terrorists Abduct Traditional Ruler In Ifelodun Council AreaBREAKING: Bandits Attack Ejiba Community In Kogi, Kidnap Pastor, Wife, Others During Church ServiceBREAKING: Parents of Kidnapped St. Mary’s Catholic School Pupils In Niger State Stage Protest, Register Missing ChildrenTinubu Sends 32 Additional Ambassadorial-nominees’ List to Senate for ConfirmationPresident Vows to Work Tirelessly to Tackle InsecurityADC Only Viable Alternative for Nigerians, Says Atiku, Insists APC, PDP Have FailedBuoyed by FG’s Reforms to Stabilise Economy, Nigerian Stock Market Gains N28.52 Trillion in 11 MonthsNenadi Usman-led Faction of LP Submits Leadership List to New INEC Boss, AmupitanJonathan Briefs Tinubu on Political Situation in Guinea-BissauWhere Nnamdi Kanu Missed a TrickLinking Neighbouring Countries in Digital Connectivity Drive Needed to Curb Nigeria’s Insecurity, Says MinisterMaritime Firm Celebrates Nigeria’s Return to IMO Council, Urges Bold Maritime ReformsGen. Paul Omu Buried in Igbide Amid Full Military HonoursTinubu’s Ambassodorial Nominees (Full List)Mahmood Yakubu, Ikpeazu, Ugwuanyi, Jimoh Ibrahim, Pedro, Fani-Kayode, Omokri, Ajimobi’s Widow Among 32 Additional Ambassadorial NomineesCITN Tasks Tax Professionals on Competence, Ethics, IntegrityShettima Tasks Young Scholars to Preserve Sheikh Dahiru Bauchi’s Message of ToleranceNCJA’s Claims Against BPP Fabricated, Says Progressives Think-TankAkume Urges Africa to Embrace New Energy Tech or Face Global MarginalisationEcobank Nigeria Announces Tender Offer for Outstanding 2026 Senior EurobondChristian Genocide: Information Minister Asks CSOs to Correct Misinformation About NigeriaAbia APC Stakeholders Pass Confidence Vote in Tinubu, Vow to Work Hard for His Re-electionContractors Forum Holds Peace Concert to Woo Investors to DeltaCourt Ruling Deepens Northern CAN Leadership CrisisBoko Haram, Bandits Have Declared War on Nigeria, Says ACF ChairBREAKING: Niger State Withdraws Cybercrime Charges Against Student Activist Isah Mokwa Over Posts Criticising Governor BagoBREAKING: FCT Administration Under Minister Wike Restates Ban On Smart Phones, Says Only ‘Torch Light Phones’ Allowed During Work HoursEXCLUSIVE: EFCC Quizzes Former Attorney-General Malami, Grants Him Bail After Providing Two Top Civil ServantsSolomon Bonu: Implementation of Lagos Tourism Master Plan Will Be Money-spinner for StateArchbishop Adewale Martins: Mass  Abduction of School Children in Nigeria is Troubling500 Screened for Cross River’s Single-Digit SME LoansPaintings by Glover, Adamson, Rare Carved Elephant Tusk Surface at Uncle Sam Art ExhibitionNigeria Has Entered ‘Era of Renewed Stability’, Says Cardoso, As Inflation Falls, FX Market ReboundsJonathan: Guinea-Bissau’s Ousted President Embaló Masterminded ‘Ceremonial Coup’Cardoso: Foreign Capital Inflows Rise by 70% to $20.98bn in OctoberOlabayo and the Possibility of a CataclysmAfter 15 Years, Nigeria Wins Back Seat on IMO’s Highest Governing CouncilNGO Hosts High-level Dialogue on Justice Sector Reform, OthersHIV/AIDS: WHO Urges More Effort to Address Funding Gaps, Tackle StigmaObasanjo Decries Nigeria’s Persistent Insecurity, Demands Decisive ActionSuspension: A’ Court Reserves Judgment in Akpabio, Natasha’s AppealsNNPP Crisis: Court Affirms Agbo Major’s LeadershipEthical Professionals Key to Tax Reform Success, Says CITN PresidentEthical Professionals Key to Tax Reform Success, Says CITN PresidentEthical Professionals Key to Tax Reform Success, Says CITN PresidentEthical Professionals Key to Tax Reform Success, Says CITN PresidentSuspension: A’ Court Reserves Judgment in Akpabio, Natasha’s AppealsNgige: Gunmen Who Attacked My Convoy Accused Security Officers of Working for Zoo GovtCoup: ECOWAS Suspends Guinea-BissauFormer AGF Malami Speaks on EFCC’s InvitationJust In: Police Begin Documentation of Kidnapped Niger Students, TeachersAt Arab-Africa Agribusiness Event, Stakeholders Target $100m Trade Deals Tinubu Okays National Tax Policy Implementation CommitteeOgun Shut Seven Battery Recycling Plants in Ogijo, Calls for Suspension of Lead Ingot ExportsWARDC Calls for Stronger Laws,  Digital Safety, Others for WomenEXCLUSIVE: Lagos Elite School Charterhouse In Racism Row As Mother Alleges Racist Bullying Of Nigerian-Chinese Daughter, Cover-UpBREAKING: Nigerian Police Order Personnel Assigned To Atiku, Wike, Aisha Buhari, 17 Other VIPs To Return To BaseTerrorists Strike Abuja Community Hours After Tinubu’s Emergency Declaration, Kidnap Seven ResidentsBREAKING: Bandits Attack 18-Seater Bus On Osokoko–Obajana Road In Kogi, Abduct PassengersBREAKING: Ex-Nigerian President Goodluck Jonathan, Safely Evacuated From Guinea-Bissau, Arrives In AbujaOkpebholo Hailed as Govt Disowns Presco Land RevocationKalu Unveils Bold Strategy to Tackle Nigeria’s Rising InsecurityFG Inuagurate Public Toilets in NasarawaKaduna Introduces Monthly Sanitation‘APC Has Resolved to  Reclaim  Osun  from the PDP’s  Maladministration’El-Rufai Officially Joins ADC, Pressure Now on Peter ObiNiger Governor Charges Youths to Embrace FarmingEWAN Summit: Stakeholders Call for Skills-Driven EducationEFCC Seeks Media, CSOs’ Collaboration in Fight Against CrimesTrump Vows to ‘Permanently Pause’ Migration from Poor Nations in Anti-immigrant Social Media Screed
Mon. Dec 1st, 2025
Trending News: FAAC Reconciliations Injected N2.36tn into Federation Account in 9 Months Tinubu’s Ambassadorial Nominations Mere Political Settlement, ADC DeclaresAtiku: Tinubu’s ₦17.5trn Spent on Pipeline Security More Than 12 Yrs of Fuel SubsidyAkpabio Hails ‘Unprecedented’ Political Unity in State, Elders Endorse Tinubu, EnoWike Threatens to Sack STDD Coordinator for Illegal Contract VariationLate Sheikh Dahiru Bauchi Was a Pillar of National Unity, Says Olawepo-Hashim Tinubu: To Permanently Secure Nigerians, We Must Reform Our Security Architecture After NMDPRA Report, Dangote Refinery Says It Can Supply 1.5bn Litres of Petrol MonthlyPresidency: Tinubu’ll Secure Nigeria By Confronting Terrorists With Strength, Integrated National Security ApproachMissing N18.6bn NASC Funds: SERAP Sues Akpabio, AbbasOlisa Metuh: After Serious Life Ordeals, I Now Commit to PhilanthropyOye: New Tax Regime May Trigger Capital Flight, Derail Investments, Cripple Nigeria’s Business CompetitivenessNDLEA Dismantles Social Network Distribution of ’Christmas Cookies, Snacks’NSITF to Expand Capacity, Efficiency of Social Security SchemeSAHCO Announces 57% Revenue Growth in 9 MonthsNECO Expands Global Presence to Burkina-Faso After Fulfilling Accreditation TestsOver 100 Sickle Cell Patients Benefit from NDDC, SCAIIN Health Partnership Spokesman: Four Sylva’s Aides Still Languishing in Detention Weeks After ArrestCadbury Nigeria Appoints New Interim Managing Director Nigerian Govt Advised to Create Environment for CSOs to ThrivePCRC Honours Retired Female Police OfficersNigerian Army Rescues 12 Abducted Teenage Girls in Borno State‎Suspected Bandits Attack Church in Kogi, Abduct Pastor, Wife, MembersKanu’s Younger Brother Denies Being IPOB’s Spokesperson, Says Enemies Framing Him up for JailNdume Hails Army’s Daring Rescue of 12 Abducted Girls, Renews Demand for Better FundingNAF Airstrikes Foil ISWAP Attack in Chibko, Destroy Bandit Enclave in KatsinaOf Orchestrated Insecurity And Intentional GovernanceNECO Expands Global Presence to Burkina Faso After Fulfilling Accreditation TestsEdo Commends Dr. Paddy Iyamu Foundation for 100 Free Surgeries to Vulnerable ResidentsBREAKING: Terrorists Launch Fresh Attack On Isanlu Makutu-Idofin Highway In Kogi, Several Persons Feared AbductedBREAKING: Kwara Under Siege As Terrorists Abduct Traditional Ruler In Ifelodun Council AreaBREAKING: Bandits Attack Ejiba Community In Kogi, Kidnap Pastor, Wife, Others During Church ServiceBREAKING: Parents of Kidnapped St. Mary’s Catholic School Pupils In Niger State Stage Protest, Register Missing ChildrenTinubu Sends 32 Additional Ambassadorial-nominees’ List to Senate for ConfirmationPresident Vows to Work Tirelessly to Tackle InsecurityADC Only Viable Alternative for Nigerians, Says Atiku, Insists APC, PDP Have FailedBuoyed by FG’s Reforms to Stabilise Economy, Nigerian Stock Market Gains N28.52 Trillion in 11 MonthsNenadi Usman-led Faction of LP Submits Leadership List to New INEC Boss, AmupitanJonathan Briefs Tinubu on Political Situation in Guinea-BissauWhere Nnamdi Kanu Missed a TrickLinking Neighbouring Countries in Digital Connectivity Drive Needed to Curb Nigeria’s Insecurity, Says MinisterMaritime Firm Celebrates Nigeria’s Return to IMO Council, Urges Bold Maritime ReformsGen. Paul Omu Buried in Igbide Amid Full Military HonoursTinubu’s Ambassodorial Nominees (Full List)Mahmood Yakubu, Ikpeazu, Ugwuanyi, Jimoh Ibrahim, Pedro, Fani-Kayode, Omokri, Ajimobi’s Widow Among 32 Additional Ambassadorial NomineesCITN Tasks Tax Professionals on Competence, Ethics, IntegrityShettima Tasks Young Scholars to Preserve Sheikh Dahiru Bauchi’s Message of ToleranceNCJA’s Claims Against BPP Fabricated, Says Progressives Think-TankAkume Urges Africa to Embrace New Energy Tech or Face Global MarginalisationEcobank Nigeria Announces Tender Offer for Outstanding 2026 Senior EurobondChristian Genocide: Information Minister Asks CSOs to Correct Misinformation About NigeriaAbia APC Stakeholders Pass Confidence Vote in Tinubu, Vow to Work Hard for His Re-electionContractors Forum Holds Peace Concert to Woo Investors to DeltaCourt Ruling Deepens Northern CAN Leadership CrisisBoko Haram, Bandits Have Declared War on Nigeria, Says ACF ChairBREAKING: Niger State Withdraws Cybercrime Charges Against Student Activist Isah Mokwa Over Posts Criticising Governor BagoBREAKING: FCT Administration Under Minister Wike Restates Ban On Smart Phones, Says Only ‘Torch Light Phones’ Allowed During Work HoursEXCLUSIVE: EFCC Quizzes Former Attorney-General Malami, Grants Him Bail After Providing Two Top Civil ServantsSolomon Bonu: Implementation of Lagos Tourism Master Plan Will Be Money-spinner for StateArchbishop Adewale Martins: Mass  Abduction of School Children in Nigeria is Troubling500 Screened for Cross River’s Single-Digit SME LoansPaintings by Glover, Adamson, Rare Carved Elephant Tusk Surface at Uncle Sam Art ExhibitionNigeria Has Entered ‘Era of Renewed Stability’, Says Cardoso, As Inflation Falls, FX Market ReboundsJonathan: Guinea-Bissau’s Ousted President Embaló Masterminded ‘Ceremonial Coup’Cardoso: Foreign Capital Inflows Rise by 70% to $20.98bn in OctoberOlabayo and the Possibility of a CataclysmAfter 15 Years, Nigeria Wins Back Seat on IMO’s Highest Governing CouncilNGO Hosts High-level Dialogue on Justice Sector Reform, OthersHIV/AIDS: WHO Urges More Effort to Address Funding Gaps, Tackle StigmaObasanjo Decries Nigeria’s Persistent Insecurity, Demands Decisive ActionSuspension: A’ Court Reserves Judgment in Akpabio, Natasha’s AppealsNNPP Crisis: Court Affirms Agbo Major’s LeadershipEthical Professionals Key to Tax Reform Success, Says CITN PresidentEthical Professionals Key to Tax Reform Success, Says CITN PresidentEthical Professionals Key to Tax Reform Success, Says CITN PresidentEthical Professionals Key to Tax Reform Success, Says CITN PresidentSuspension: A’ Court Reserves Judgment in Akpabio, Natasha’s AppealsNgige: Gunmen Who Attacked My Convoy Accused Security Officers of Working for Zoo GovtCoup: ECOWAS Suspends Guinea-BissauFormer AGF Malami Speaks on EFCC’s InvitationJust In: Police Begin Documentation of Kidnapped Niger Students, TeachersAt Arab-Africa Agribusiness Event, Stakeholders Target $100m Trade Deals Tinubu Okays National Tax Policy Implementation CommitteeOgun Shut Seven Battery Recycling Plants in Ogijo, Calls for Suspension of Lead Ingot ExportsWARDC Calls for Stronger Laws,  Digital Safety, Others for WomenEXCLUSIVE: Lagos Elite School Charterhouse In Racism Row As Mother Alleges Racist Bullying Of Nigerian-Chinese Daughter, Cover-UpBREAKING: Nigerian Police Order Personnel Assigned To Atiku, Wike, Aisha Buhari, 17 Other VIPs To Return To BaseTerrorists Strike Abuja Community Hours After Tinubu’s Emergency Declaration, Kidnap Seven ResidentsBREAKING: Bandits Attack 18-Seater Bus On Osokoko–Obajana Road In Kogi, Abduct PassengersBREAKING: Ex-Nigerian President Goodluck Jonathan, Safely Evacuated From Guinea-Bissau, Arrives In AbujaOkpebholo Hailed as Govt Disowns Presco Land RevocationKalu Unveils Bold Strategy to Tackle Nigeria’s Rising InsecurityFG Inuagurate Public Toilets in NasarawaKaduna Introduces Monthly Sanitation‘APC Has Resolved to  Reclaim  Osun  from the PDP’s  Maladministration’El-Rufai Officially Joins ADC, Pressure Now on Peter ObiNiger Governor Charges Youths to Embrace FarmingEWAN Summit: Stakeholders Call for Skills-Driven EducationEFCC Seeks Media, CSOs’ Collaboration in Fight Against CrimesTrump Vows to ‘Permanently Pause’ Migration from Poor Nations in Anti-immigrant Social Media Screed
Mon. Dec 1st, 2025

NNPP Crisis: Court Affirms Agbo Major’s Leadership

Wale Igbintade

The Federal Capital Territory (FCT) High Court in Abuja has issued fresh orders restraining the Independent National Electoral Commission (INEC) from recognising or engaging with any faction of the New Nigeria Peoples Party (NNPP) other than the leadership headed by Dr. Agbo Gilbert Major.

Justice Bello Kawu, sitting at High Court No. 14, Apo, granted the orders on 25 and 27 November 2025 in two separate ex parte applications filed by the NNPP, which accused a rival faction led by Dr. Ajuju Ahmed and several others of attempting to mislead the electoral commission despite existing court judgements affirming the Agbo Major leadership.

In the first ruling delivered on 25 November, the court granted the NNPP leave to apply for judicial review by way of mandamus and held that the leave shall operate as a stay of any contrary or inconsistent action, recognition, or communication by INEC or the respondents concerning the party’s leadership.
Justice Kawu also ordered accelerated hearing and abridged timelines for all parties to file their processes, fixing 10 December 2025 for substantive hearing.

A subsequent ruling on 27 November permitted substituted service on 16 respondents via the NNPP National Secretariat in Abuja and further restrained INEC—whether by its officers or departments from monitoring, attending or participating in any congress or convention organised by the factional group until the main suit is determined.
The respondents include prominent members of the factional group: Dr. Ajuju Ahmed, Hon. Abba Kawu Ali, Prince Nwaeze Onu, Hon. Aladipo Alayokun, Ladipo Johnson, Arc. Mohammed Abacha, Mustapha Alkassim and others.

Following the court orders, the NNPP’s legal team formally notified the new INEC Chairman, Prof. Joash Amupitan, SAN, of the binding directives.

In the letter dated 26 November 2025, the party congratulated the newly appointed chairman and emphasised that the Commission must now ensure strict compliance with judicial orders governing the leadership dispute.

The NNPP reminded the Commission that multiple judgements—including those of the High Court of Abia State (HUZ/11/2024) and the FCT High Court (FCT/HC/CV/5518/2024) had already affirmed the validity of the national convention that produced Dr. Agbo Major, while dismissing attempts by the Ahmed-led faction to seize control of the party.

Despite these judgements, the NNPP alleged that INEC had previously extended recognition and engagement to the factional group, even after an “unauthorised and illegal” letter dated 31 October 2025 was sent to the Commission by Dr. Ajuju Ahmed and Dipo Olayoku, purporting to notify INEC of planned party congresses and a national convention.

The party insisted that the individuals “have no authority, standing or legal relationship” with the NNPP and warned that any attempt by INEC to engage them would amount to wilful disobedience of court orders and a violation of Section 287(3) of the 1999 Constitution.

The letter stressed that no public authority is permitted to place itself above judicial orders or foist a fait accompli upon the courts, citing the Supreme Court’s landmark decision in Governor of Lagos State v. Ojukwu.

Kawu’s orders categorically bar INEC from engaging with any faction aside from the Agbo Major-led leadership.

The court also ordered that INEC must not upload, publish, or recognise any party logo, communication, or document originating from the factional respondents pending the determination of the judicial review.

The NNPP was directed to serve all processes on the respondents within five days of the order, while the respondents have five days to file their counter-affidavits. The party may reply within three days thereafter.

The orders represent the latest development in a protracted internal battle for control of the NNPP, a conflict that has spawned multiple litigations across different jurisdictions since 2023.

The letter stated that INEC should as a matter of necessity upload the Dr. Agbo Major Gilbert and Comrade Oginni Olaposi Sunday-led NWC executive of the party in their official website and restore the original logo and colour of the party within 48 hours on receipt of the enrolment order

They maintained that there should not be any vacuum in governance thus keeping the party administration and management alive before the next adjourned date of 10th December 2025

​  

    • Hot Source

    Related Posts

    FAAC Reconciliations Injected N2.36tn into Federation Account in 9 Months 
    FAAC Reconciliations Injected N2.36tn into Federation Account in 9 Months 

    FAAC Reconciliations Injected N2.36tn into Federation Account in 9 Months 

    ·    Fresh N1.03tn, $68.98m await verification 

    ·    NNPC responds to query, denies owing $42.37bn

    Emmanuel Addeh in Abuja 

    The Federation Account received a significant boost in the first three quarters of this year, with the Federal Accounts Allocation Committee (FAAC) reporting that a total of N2.359 trillion in outstanding revenue arrears was reconciled and paid to the federal government and subnational governments between January and September.

    The committee’s detailed report for November 2025, seen by THISDAY, showed that the inflows sourced from crude sales, royalty arrears, domestic gas payments and other under-remitted revenues helped moderate pressure on monthly allocations amid continuing fiscal strain on the three tiers of government.

    Organisations, which attended the November 17 meeting in Abuja, were Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), representatives of the states’ Commissioners of Finance and Accountants-General Forum, as well as representatives of Revenue Generating and Accounting Agencies.

    According to the FAAC Sub-Committee, N370.43 billion was recovered and paid in September alone. This amount included $52.95 million in crude-related arrears remitted at an exchange rate of N1,474 to the dollar, along with royalty and domestic gas components from both Nigerian National Petroleum Company (NNPC) Limited, and Nigerian Upstream Petroleum Regulatory Commission (NUPRC). 

    Specifically, the September inflow pushed the cumulative reconciliation total for the first nine months of the year to N2,359,628,451,600.66, the highest in recent FAAC reconciliation cycles.

    Breakdowns presented in the report showed that reconciliation inflows varied month to month. In January, N367.37 billion was reconciled; it was N227.15 billion in February; N175.98 billion in March; N259.85 billion in April; N247.04 billion in May; N213.37 billion in June;  N116.39 billion in July;  N382 billion in August; and N370.43 billion in September, reflecting the irregular nature of the arrears and the speed of inter-agency verification.

    Similarly, during the November deliberations, the alleged under-remittance of $42,373,896,555.00 by NNPC Limited, a claim earlier raised in a forensic review conducted by Periscope Consulting for the Nigerian Governors’ Forum, also came up.

    But in its formal response to FAAC, NNPC maintained that it had fully accounted for all revenues due to the federation and insisted that no outstanding amount existed for the period under review. 

    Periscope Consulting, however, rejected NNPC’s position and the sub-committee directed a joint session between both parties to reconcile the disputed figures. Discussions on this issue remained ongoing, the document showed.

    The document stated, “NNPCL submitted their response regarding $42,373,896,555.00 under remittance to the Federation Account as contained in the report of Periscope Consulting.

    “Recall that Periscope Consulting was the Consultant engaged by the Governors Forum to examine NNPCL under remittance to the Federation Account. NNPCL responded that all revenues due to the Federation have been properly accounted for and no outstanding amounts for the period under review.

    “Responding, Periscope Consulting disagreed with NNPCL position hence, the Sub-Committee directed that there should be a joint meeting with the two parties in order to close-out on the issue. This assignment is work in progress,” it stressed.

    The report also reviewed NNPC’s utilisation of the statutory 30 per cent Frontier Exploration Fund (FEF) over a 16-year period, from 2008 to 2024. While NNPC submitted a consolidated account of expenditure across the various basins, the FAAC sub-committee said the submission lacked basin-specific spending details.

    It, therefore, requested NNPC to tie each project to the amounts expended, describing the issue as work still in progress.

    FAAC indicated, “The NNPCL had submitted the utilisation of frontier exploration fund from 2008-2024 covering both the Pre and Post PIA. However, the Sub-Committee observed that there were no specifics on expenditure incurred on the exploration activities carried out in each of the basins.

    “The committee had written to NNPCL requesting it to tie each project carried out within the basins with amount expended. The sub-committee await NNPCL response. This assignment is still work in progress.”

    In addition, the committee recorded outstanding payables of N2.032 trillion owed to NUPRC and Federal Inland Revenue Service (FIRS) for the period June–December 2023. These were incorporated into a wider reconciliation being handled by Stakeholders Alignment Committee of the Federal Ministry of Finance, which was yet to submit a final report.

    The analysis for September 2025 also highlighted the monthly performance of revenue-generating agencies. Combined inflows from NNPC, NUPRC, FIRS, and Nigeria Customs Service amounted to N2.128 trillion, which formed the distributable revenue for the month. FIRS remained the single largest contributor, accounting for more than 43 per cent of the inflows.

    Despite the progress made, substantial unresolved balances remained. The November inter-agency reconciliation meeting identified new outstanding amounts totalling $68.98 million and N1.03 trillion still under review. They included items between NNPC and Central Bank of Nigeria (CBN), NUPRC and NNPC, and FIRS and NNPC.

    The committee also provided updates on balances across multiple special reserve accounts, including N132.05 billion in Development of Natural Resources Account, N80.91 billion in Stabilisation Fund, N51.83bn in Solid Minerals Account, and N365.26 billion in Non-Oil Excess Revenue Account. Other balances were recorded in accounts for oil-theft prevention, exchange gains and domestic excess crude proceeds.

    Another major item reviewed was the deductions under the Road Infrastructure Tax Credit Scheme (RITCS). According to the committee, a combined $577.6 million and N822.3 billion were utilised for tax credit deductions between February 2024 and September 2025. 

    Seven companies, including Dangote Cement, NNPC, NLNG, and BUA International were formally contacted to clarify their respective project spending under the scheme. But only three firms responded as of November, with the sub-committee awaiting confirmations from FIRS and additional submissions from the remaining companies.

    The FAAC document stated, “The sub-committee wrote to the Federal Ministries of Finance and Works, the FIRS, and participating companies in the scheme requesting for information regarding the level of involvement in the scheme, the amount spent and the level of the ongoing projects from 2019 to 2025.

    “The companies written to were as follows: Bua International Ltd; Dangote Cement Company Ltd; NNPC; Nigeria Liquefied Natural Gas Company Ltd; Mainstream Energy Solutions; GZ Industries Ltd and MTN Nigeria Ltd.

    “The sub-committee had received responses from three of these participating companies which was forwarded to FIRS for confirmation. The Ad-hoc Committee is still expecting the remaining companies’ response in order to conclude the assignment and report back. This assignment is still work in progress.

    “The outstanding revenue arrears reconciled with the Revenue Generating Agencies and paid to the Federation Account for September 2025 revenue was $52,951,569.21 equivalent to N370,430,043,080.80. The sub-committee would like to inform members that from January to September, 2025, the outstanding arrears reconciled and paid stood at N2,359,628,451,600.66.

    “The total outstanding amount undergoing reconciliation due to the Federation Account from the reconciliation meeting held with the Revenue Generating Agencies in November, 2025 was $68,983,379.93 and N1,030,423,011,930.59.”

    ​  

    ·    Fresh N1.03tn, $68.98m await verification  ·    NNPC responds to query, denies owing $42.37bn Emmanuel Addeh in Abuja  The Federation Account received a significant boost in the first three quarters of this year,

    Read more

    Continue reading
    Tinubu’s Ambassadorial Nominations Mere Political Settlement, ADC Declares
    Tinubu’s Ambassadorial Nominations Mere Political Settlement, ADC Declares

    Tinubu’s Ambassadorial Nominations Mere Political Settlement, ADC Declares

    *Says Yakubu’s appointment undermines INEC’s credibility

    *HURIWA describes nomination of sycophants as unfortunate, disgraceful

    Chuks Okocha in Abuja 

    The African Democratic Congress (ADC), has criticised President Bola Tinubu’s latest ambassadorial appointments, describing the list as a settlement list of political ‘I owe You’ (IOUs).

    The party took particular exception to the nomination of Prof. Mahmood Yakubu, the immediate past Chairman of the Independent National Electoral Commission (INEC), saying his appointment, coming only two years after supervising the election that brought President Tinubu into office, would lend credence to the widespread allegation that the former INEC chief might not have been a neutral umpire in the 2023 election and could further undermine the credibility of INEC.

    In a statement signed by Mallam Bolaji Abdullahi, National Publicity Secretary of the ADC, the party said at a time when INEC, was still mired in a major credibility crisis, Yakubu’s nomination for an ambassadorial position sent a dangerous message.

    The ADC argued that it was in Professor Yakubu’s best interest to reject what it described as a “brazenly insensitive” nomination and urged the Senate to reject it as a measure of restoring confidence in the nation’s electoral process.

    ”After waiting for more than two years, and with Nigeria’s diplomacy and global perception in historic tatters, President Bola Tinubu presents an outrageously underwhelming ambassadorial list that appears designed to settle his political IOUs rather than fix Nigeria’s urgent international relations crises.

    ”At a time that Nigeria needs a disciplined and credible diplomatic corps, capable of rebuilding the nation’s collapsing credibility on the continent and the rest of the world after two years of thoroughly damaging absence, President Tinubu has surpassed himself by presenting a comic cast of political jobbers, corruption suspects, and patronage of wives, children, and relatives of political associates.”

    However, ADC said, ”at the heart of this troubling list lies the nomination of Prof. Mahmood Yakubu, the immediate past Chairman of the Independent National Electoral Commission (INEC), who conducted the election that brought Tinubu in as President of Nigeria.”

    In a related development, Human Rights Writers Association  (HURIWA), has described as unfortunate and disgraceful, the list of ambassadorial nominees recently sent to the National Assembly.

    The group also dismissed some of the nominees as sycophants and men who were ethically challenged, lacking integrity and selfish. 

    Reacting to the ambassadorial nomination list,  National Coordinator, Comrade Emmanuel Onwubiko, the group said the president spent all of two years and a half into his four year tenure searching for persons to post abroad to represent Nigeria and ended up picking internally displaced politicians, sycophants and persons who were deeply ethically challenged.  

    The group said it was immoral and despicable that President Tinubu has turned the ambassadorial positions as the jobs for the boys or as compensation for dubious politicians who sabotaged their own political party in the 2023 poll to advance the political interest of the the current president.

    The Rights group said the duo of Femi Fani-Kayode and especially Mr. Reno Omokri were particularly compensated for always pouring insults on Peter Obi and for spreading total falsehoods or half truths to attempt to undermine the integrity and credibility of Peter Obi. 

    HURIWA singled out Mr. Reno Omokri a man who was critical of the then presidential candidate Bola Tunibu whom he called unprintable names but capitulated when it was alleged that he was heavily financially induced become his full time praise-singer and propagandist. 

    ​  

    *Says Yakubu’s appointment undermines INEC’s credibility *HURIWA describes nomination of sycophants as unfortunate, disgraceful Chuks Okocha in Abuja  The African Democratic Congress (ADC), has criticised President Bola Tinubu’s latest ambassadorial appointments, describing the

    Read more

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Biz & Economy

    At 39.44% YtD, NGX Joins Top Four Best Performing Stock Markets in Africa

    At 39.44% YtD, NGX Joins Top Four Best Performing Stock Markets in Africa
    Biz & Economy

    SEC: Exit from Grey List, T+2 Reaffirms Nigeria as investment Destination

    SEC: Exit from Grey List, T+2 Reaffirms Nigeria as investment Destination
    Biz & Economy

    FCMB Champions AgriTech Innovation with FMO, HeaveVentures

    FCMB Champions AgriTech Innovation with FMO, HeaveVentures
    Biz & Economy

    Oando Earns SCGN Admission for Exemplary Ethics, Transparency 

    Oando Earns SCGN Admission for Exemplary Ethics, Transparency 
    Biz & Economy

    A New Era of Efficiency: Tunji Ojo Leads Nigeria into a Digital Future with the Single Travel Emergency Passport

    A New Era of Efficiency: Tunji Ojo Leads Nigeria into a Digital Future with the Single Travel Emergency Passport
    Biz & Economy

    Air Peace: No Intention of Detaining Lessor’s AircraftDespite $38M Loss

    Air Peace: No Intention of Detaining Lessor’s AircraftDespite $38M Loss
    Biz & Economy

    Senate to Revisit Courier Regulatory Bill Five Years After 

    Senate to Revisit Courier Regulatory Bill Five Years After 
    Biz & Economy

    Aviation Insurance: NCAA Advices Insurers on Global Best Practices 

    Aviation Insurance: NCAA Advices Insurers on Global Best Practices 
    Biz & Economy

    NECA Champions Nigeria First Policy to Boost Local Production

    NECA Champions Nigeria First Policy to Boost Local Production
    Biz & Economy

    At Solewant Group’s Energy Summit, Akume, Others Drum Support for Emerging Technologies for Energy Devt in Africa

    At Solewant Group’s Energy Summit, Akume, Others Drum Support for Emerging Technologies for Energy Devt in Africa
    Biz & Economy

    Google Releases N3bn Grant to Boost AI Skills, Digital Safety 

    Google Releases N3bn Grant to Boost AI Skills, Digital Safety 
    Biz & Economy

    Access Bank Unveils Initiative Connecting Nigerians to Safe, Seamless Festive Experiences

    Access Bank Unveils Initiative Connecting Nigerians to Safe, Seamless Festive Experiences
    Biz & Economy

    Maltina Brings Christmas Light-ups to Lagos, Major Cities 

    Maltina Brings Christmas Light-ups to Lagos, Major Cities 
    Biz & Economy

    Firm Receives Upgraded Credit Ratings from GCR

    Firm Receives Upgraded Credit Ratings from GCR
    Biz & Economy

    TTP Unveils Technologies to Facilitate Cargo Evacuation from Seaports 

    TTP Unveils Technologies to Facilitate Cargo Evacuation from Seaports 
    Biz & Economy

    TINAPA: REVIVAL OF A DREAM

    TINAPA: REVIVAL OF A DREAM
    Biz & Economy

    Dangote Refinery to supply 1.5bn litres of petrol monthly

    Dangote Refinery to supply 1.5bn litres of petrol monthly
    Biz & Economy

    NDLEA uncovers Canadian Loud disguised as Christmas cookies, arrests distributors in Lagos

    NDLEA uncovers Canadian Loud disguised as Christmas cookies, arrests distributors in Lagos
    Biz & Economy

    Top pharmacy chains driving Nigeria’s retail drug market in 2025

    Top pharmacy chains driving Nigeria’s retail drug market in 2025
    Biz & Economy

    How the Federation Account is killing state innovation in Nigeria 

    How the Federation Account is killing state innovation in Nigeria 
    Biz & Economy

    CBN orders banks to withdraw non-compliant adverts, gives 30-day deadline

    CBN orders banks to withdraw non-compliant adverts, gives 30-day deadline
    Biz & Economy

    Inside the playbook of Nigeria’s richest men

    Inside the playbook of Nigeria’s richest men
    Biz & Economy

    Dangote Refinery supplies 18 million litres of petrol daily – NMDPRA

    Dangote Refinery supplies 18 million litres of petrol daily – NMDPRA
    Biz & Economy Science Tech

    Best Hyperice Black Friday Deals (2025)

    Best Hyperice Black Friday Deals (2025)
    Biz & Economy Science Tech

    Black Friday Protein Powder Deals and Supplement Steals (2025)

    Black Friday Protein Powder Deals and Supplement Steals (2025)
    Biz & Economy Science Tech

    21 Best GoPro and Camera Deals for Black Friday (2025)

    21 Best GoPro and Camera Deals for Black Friday (2025)
    Biz & Economy Science Tech

    New West KnifeWorks Knives Are 20 Percent off Right Now (2025)

    New West KnifeWorks Knives Are 20 Percent off Right Now (2025)
    Biz & Economy Science Tech

    6 Best Clitoral Suction Toys (2025), Tested and Reviewed

    6 Best Clitoral Suction Toys (2025), Tested and Reviewed
    Biz & Economy Science Tech

    Best Black Friday Christmas Tree Deals (and Lights, Too) of 2025

    Best Black Friday Christmas Tree Deals (and Lights, Too) of 2025
    Biz & Economy Science Tech

    The Rare Earth Metal Driving Tensions Between the US and China

    The Rare Earth Metal Driving Tensions Between the US and China
    Biz & Economy Science Tech

    Mexico Preps for the 2026 World Cup With a Ticket Resale Platform and a Tourism App

    Mexico Preps for the 2026 World Cup With a Ticket Resale Platform and a Tourism App
    Biz & Economy Science Tech

    The Oceans Are Going to Rise—but When?

    The Oceans Are Going to Rise—but When?
    Biz & Economy

    First HoldCo completes divestment of FBNQuest Merchant Bank

    First HoldCo completes divestment of FBNQuest Merchant Bank
    Biz & Economy

    Nigeria receives $20.9 billion in capital inflows in 2025 – Cardoso

    Nigeria receives $20.9 billion in capital inflows in 2025 – Cardoso
    Biz & Economy

    Nigeria’s new Tax Act could hurt business competitiveness, investor confidence – Report 

    Nigeria’s new Tax Act could hurt business competitiveness, investor confidence – Report 
    Biz & Economy

    African airlines record strongest air cargo demand growth of 16.6% in October

    African airlines record strongest air cargo demand growth of 16.6% in October