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Reps To Probe NNPCL Over Alleged Misappropriation, Illegal Expenditure Of Frontier Exploration Funds

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The House of Representatives has resolved to investigate the alleged misappropriation and illegal expenditure of frontier exploration funds by the Nigerian National Petroleum Company Limited (NNPCL).
This was sequel to a motion of urgent public importance by Rep. Billy Osawaru on the “Urgent Need To Investigate The Alleged Misappropriation And Illegal Expenditure Of Frontier Exploration Fund By The Nigerian National Petroleum Company Limited (NNPCL) Without The Prior Approval  Of The National Assembly As Required By The Petroleum Industry Act, 2021”, on Tuesday at plenary.
Debating the motion Rep. Osawaru noted that section 4(2) of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended) empowers the National Assembly to make laws for the order and good government of the federation or any part thereof.
He also noted that section 88 (1) and (2) of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended) empowers the National Assembly to conduct investigations into the activities of any authority executing or administering laws made by the National Assembly.
The lawmaker stated that Section 9(4) of the Petroleum Industry Act 2021 (PIA) establishes the Frontier Exploration Fund to be 30% of NNPC Limited’s profit oil and profit gas as in the production sharing, profit sharing and risk service contracts.
The motion reads: “Further aware that section 9(5) of the Act, mandates NNPCL to solely utilize the Frontier Exploration Fund  for the development of frontier acreages and utilize  the funds to carry out exploration and development activities in the frontier acreages to carry out exploration and development activities in the frontier acreages subject to appropriation by the National Assembly.
“Informed  that the NNPC Limited has consistently accessed and expended funds from the Frontier Exploration Fund without prior  appropriation and approval  by the National Assembly as required by the Act.
Further informed that hundreds of millions of dollars have been irregularly withdrawn from this Fund and expended on white elephant projects, unauthorized and illegal projects that appear patently illegal and in contravention of extant laws and due process requirements under the Constitution and the PIA.
“Disturbed that this alleged conduct by NNPC Limited grossly undermines the oversight powers of the National Assembly over the expenditure of public funds as enshrined in the Constitution. It also represents an affront to the principles of transparency, accountability and probity in the management of public finances.
Emphasizes that such brazen acts of illegality, if proven, cannot be condoned under any circumstances as they breed a culture of impunity, undermine our laws, and sabotage our collective efforts at institutionalizing fiscal discipline and good governance across all sectors”.
Rep. Osawaru further acknowledged that this is a grave financial misconduct which has far-reaching implications on our ability to effectively conduct oversight and enforce compliance with all extant laws, including the PIA which we worked so hard to enact in pursuit of transparency and accountability in Nigeria’s petroleum industry.
“It is thus incumbent on this House as representatives of the Nigerian people to take prompt action to investigate this matter and ensure that all perpetrators are brought to book”, he added.
The House adopted the motion and mandate the House Committees on Petroleum Resources Upstream to investigate and report back within four weeks for further legislative action.

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BREAKING: Borno Sch Releases Identities Of 36 NECO Candidates Still In Boko Haram Captivity After Invasion

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The identities of the students abducted by suspected Boko Haram terrorists during Monday’s attack on Government Day Secondary School, Lassa, in Askira/Uba Local Government Area of Borno State, have emerged, as school authorities confirmed that 36 candidates remain in captivity.

Documents obtained from the school show that the missing students comprise 25 female and 11 male candidates who were writing the ongoing National Examinations Council (NECO) Senior School Certificate Examination when the terrorists stormed the school.

The development provides the first comprehensive account of those still unaccounted for following the brazen attack that once again exposed the vulnerability of schools in Nigeria’s insurgency-ravaged North-East.

The list indicates that although security forces mounted a rescue operation shortly after the attack, only seven abductees have so far regained their freedom.

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Those rescued comprise five female students and two teachers.

A teacher who was among those rescued told SaharaReporters that 43 persons were initially abducted, including 41 students and two teachers, leaving 36 students still in Boko Haram captivity.

The media had earlier reported that troops of Operation HADIN KAI, backed by Nigerian Air Force surveillance and strike aircraft, pursued the fleeing terrorists into the bush, engaged them in a firefight and rescued some of the victims.

Security sources also disclosed that the troops recovered motorcycles used by the insurgents during the operation.

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Speaking to the media on Wednesday, a staff member of the Government Day Secondary School, who requested anonymity for security reasons, said the attack came at a heavy cost.

According to the source, one teacher, one Nigerian soldier and a local hunter were killed during the exchange with the terrorists.

“They paid the supreme sacrifice while trying to stop the terrorists from taking away the students,” the source said.

The attack occurred while students were sitting for their NECO examinations after the insurgents reportedly infiltrated Lassa community on motorcycles, disguising themselves as soldiers and operatives of the newly created Forest Guards on the town’s market day before launching the assault. Security officials said the gunmen fired sporadically, killing a teacher before whisking away students into nearby forests.

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The Borno State government has since confirmed that the abducted students are between 15 and 18 years old, while efforts involving the military, police, Civilian Joint Task Force (CJTF) and local vigilantes are continuing to secure the release of those still being held.

The latest mass abduction has renewed concerns over the persistent targeting of schools by Boko Haram and its breakaway faction, ISWAP, despite repeated assurances by Nigerian authorities that educational institutions in the North-East are adequately protected.

The media had also reported that the terrorists struck Lassa barely a day after another kidnapping incident in the same Askira/Uba axis, where several women working on their farms were abducted, highlighting the worsening security situation in southern Borno.

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Ex- Science and Tech Minister Uche Nnaji arrested over certificate scam

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Former Minister of Science and Technology, Uche Nnaji, was arrested on Wednesday at the Akanu Ibiam International Airport, Enugu, where he was scheduled to board a chartered flight to Abuja.

Sources at the airport confirmed the arrest, saying Mr Nnaji would be handed over to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for interrogation.

The ICPC had been on the trail of the former minister since he resigned from office last year following investigations that revealed he forged his academic certificates.

In mid-June, a Federal High Court in Abuja ordered the ICPC to arrest Mr Nnaji for investigation into the certificate forgery scandal. Beyond the arrest order, the court also granted the commission leave to declare him wanted through national newspapers, social media platforms and other media.

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The ICPC had told the court that its ex parte application followed Mr Nnaji’s repeated failure to honour invitations extended to him for “investigative activities” over the forgery allegations.

Details shortly…

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My Presidency will unite Nigeria for robust human capital development -Obi

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The presidential candidate of the National Democratic Congress (NDC), Peter Obi, on Wednesday placed uniting Nigeria as his top priority for robust human capital development.

Writing on his X handle to unveil his vision for a “productive and prosperous Nigeria.”
Titled ” My Vision for a Productive and Prosperous Nigeria”, Obi said, “When I decided to contest for the office of President of Nigeria, I pledged to place Nigeria on the path of unity and national transformation. Now, as the Nigeria Democratic Congress (NDC) candidate, I will, in the coming weeks and months, provide insights into the roadmap that I am confident will help curb abuse in government, halt the decline in the quality of life of Nigerians at all levels, and usher in an era of unity, peace, sustained progress, and prosperity.

“This vision is anchored on a commitment to unity, inclusion, social justice, equity, and the freedom of every citizen to pursue lawful dreams.
Central to this proposed roadmap are significant reforms in education and healthcare, which are at the core of human capital development.

“A robust human capital is indispensable infrastructure for national progress. It serves as the fundamental capital upon which daily life, economic expansion, and the delivery of essential public services depend

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“They are foundational areas that we must reform with energy and determination if we are to reap the demographic dividend of our youthful population.

“From the outset of my presidency, we will establish a task force dedicated to drastically reducing the menace of out-of-school children. We will place greater emphasis on Technical and Vocational Education and Training (TVET) to support our drive for massive industrialisation, anchored on our agricultural endowments and value addition across value chains organised around industrial parks to be located in development zones across the geopolitical regions of the country.

“Funding and improved equipment of TVET institutions, through partnerships among government, the private sector, and social entrepreneurs such as faith-based educators, will facilitate apprenticeship opportunities in the private sector, similar to the German dual education system.

“The situation in which unemployment remains high while Nigerian entrepreneurs establish businesses elsewhere because skilled labour is scarce must be confronted decisively. Doing so is essential for the common good and for facilitating our transition from a consumption-driven economy to a production-driven one.

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“Character and civic education, emphasising the values that foster trust—an essential ingredient for enterprise and leadership—as well as shared national values, will receive significant attention within the tripartite approach to governance that we propose.

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