Author: NPO Admin I
Debunks Subsidy Payment By Halimah Olamide The NNPC Limited on Monday released its 2023 Audited Financial Statement (AFS) as the company declared a net profit of N3.297 trillion at the close of the financial year which ended in December 2023. NNPC said at a press conference in Abuja that the figure represents an increase of over N700 billion (28%) when compared to the 2022 profit of N2.548 trillion. The Chief Financial Officer of the Company, Mr. Umar Ajiya said the release of the AFS is a testament to the Company’s commitment to transparency and accountability. “Our fiscal performance reflects both…
By Halimah Olamide The Oyo State chairman of the All Progressive Congress Isaac Omodewu has reportedly died in the United States of America. The actual cause of death was unknown at the time of filing this report. Mom is still the word from most APC chieftains from Oyo State Monday morning as they did not have details of his death. More details later…
—Wants FG to Give Zhongfu International Investment FXE P&ID Treatment By Halimah Olamide Former Governor of Ogun State, Ibikunle Amosun, has on Saturday called the Chinese company that secured a court order to attach Nigerian assets abroad “an impostor.” Amosun, who took over the administration of Ogun state from Otunba Gbenga Daniel in 2011, said the Chinese company should be treated like the P&ID case treated. He said there is no reason for any negotiation with the company. His statement came about the same time his predecessor in office, Daniel cautioned against making the matter a media one saying…
By Halimah Olamide In the face of the confusion over Nigeria’s presidential jets seizure in France, former Governor of Ogun State, Otunba Gbenga Daniel has said that he is willing to provide the relevant documents to help Nigeria navigate the legal conundrum created by the controversial contractual agreement. Daniel said it is useless to go on the pages of newspapers to discuss the nitty-gritty of the matter involving his administration at the time and the Chinese company, Zhongshan Fucheng Industrial Investment Co Limited. Daniel served as the governor of Ogun state from 2003 and 2011. NPO Reports that the Chinese…
Dear Readers Last week, on Friday, August 9th, the President of Nigeria, Asiwaju Bola Tinubu, officially hosted a group of eminent Nigerians popularly known as the Patriots at the presidential villa in Abuja. The purpose of the visit was primarily to receive the Patriots’ demand for a new Nigerian constitution, which, in the Patriots’ view, must result from people’s input and consent. I observed that the Patriots also used the occasion to wade into the issue of the ongoing protest, and they invited the government to dialogue with protestors at all levels of the federation and asked the government to…
By Halimah Olamide Former Vice President Atiku Abubakar, has lamented what he described as “troubling display of bigotry and ethnocentric divisions in our nation.” Atiku stated this in his celebration of the former military president, Ibrahim Babangida. He said what Babangida pursued a head of state was a Nigeria where ethnicity had no place and common good of the country was the main goal. The former vice president said “It is a rare quality to possess a personality that captivates the attention of all who encounter it.” He said in a statement he released on his X handle Saturday morning,…
By Halimah Olamide The Peoples Democratic Party (PDP) has disclosed that it will inaugurate two committees for reconciliation and discipline of erring members on August 21. The 25-member reconciliation committee is chaired by Prince Olagunsoye Oyinlola, former Governor of Osun, while Sen. Ibrahim Dankwambo, former governor of Gombe State. is Secretary. National Publicity Secretary of the party, Mr. Debo Ologunagba, said on Friday in Abuja that the 26-man disciplinary committee has Chief Tom Ikimi as chairman and Eyitayo Jegede as Secretary. Other members include Malam Ibrahim Shekarau, Chief Olabode George, Margaret Icheen, Dr Sam Egwu and Alhaji Abubakar Baraje. The party…
Agency Report The Federation Accounts Allocation Committee (FAAC), has shared the sum of N1.358 trillion among the Federal Government, States and Local Government Councils (LGCs) for the month of July. This is contained in a communique issued after FAAC meeting for August on Friday in Abuja. According to the communique, the N1.358 trillion total distributable fund comprised statutory revenue of N161.593 billion. It also comprised Value Added Tax (VAT) revenue of N582.307 billion and Electronic Money Transfer Levy (EMTL) revenue of N18.818 billion. Also included in the total distributable revenue was Exchange Difference revenue of N581.710 billion and Solid Mineral…
Agency Report The FCT Minister of State, Hajia Mariya Mahmoud, has pledged her support for the JAV Christmas Village, Abuja’s premiere family-oriented yuletide event. This according to her is to ensure that the annual show becomes a tourism attraction in the FCT. She pledged in an interview with the News Agency of Nigeria (NAN), on the sideline of an event to flag off preparations for the 2024 edition of the JAV Christmas Village celebration on Thursday in Abuja. According to the minister, the annual Christmas Village, with its iconic unveiling of the light tree, has become a flagship end-of-year event…
Safiu Kehinde The Nigeria Customs Service Oyo/Osun Command has intercepted a truckload of 2,290 smuggled used tyres. This was made known in a statement signed by the Command’s Spokesperson, Kayode Wey, on Tuesday. As contained in the statement made available on the agency’s Facebook page earlier today, the truck conveying the used tyres was apprehended along Saki axis of Oyo state on Monday with the consignment seized. Reacting to the incident, the Command’s Area Comptroller, Ben Oramalugo, stated that importing and smuggling used tyres into Nigeria is illegal due to the significant risks they pose to public safety. He…