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NNPCL report shows N7.4b spent on entertainment in 2023 amid failure to revive refineries

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A review of the Nigerian National Petroleum Company Limited (NNPCL) financial statement has shown that the oil company spent the sum of N7.4 billion on “entertainment expenses in 2023”.
This expenditure is an increase from the N7.3billion spent on same in 2022.
In total, between 2022 and 2023, the oil company spent N14.7billion on entertainment expenses.
This development comes amid scrutiny on the finances of the NNPC limited.
Earlier poor financial management was blamed for the management problems faced by the oil firm.
SaharaReporters earlier reported the financial debacles faced by oil companies subsidiaries with the refineries making losses for instance while spending billions on salaries of workers.
There have been calls for more prudence in the management of the oil company finances, although the financial statements may raise concerns on priority spending of the oil company.
SaharaReporters had on August 15 reported that the company’s N200billion investments in the rehabilitation and repairs of refineries failed to revive the moribund refineries since 2021.
The NNPCL had in 2021 noted that it spent N8.3billion every month to rehabilitate refineries.
The company had stated this during a presentation to the Federation Accounts Allocation Committee.
There are four refineries under the NNPC, they are the Port Harcourt refineries, Kaduna Refining Production Company, and the Warri Refining Production Company.
All of the four have 445,000 barrels per day production capacity.
In the 2022 financial statements, NNPC group noted that it spent the sum of N114.2 billion on repairs and maintenance, per official data provided by it.
Usually, repairs and maintenance are earmarked for refineries, this is as Pipelines which also may require some maintenance have its own cost earmarked under the cost of sales while repairs and maintenance are labelled under “General and Administrative expenses”.
Specifically also, documents seen by SaharaReporters noted that between January and July, 2022, the NNPC spent N54 billion on refinery rehabilitation. This is based on the August 2022 NNPC FAAC report.
With NNPC stating that it spent N100 billion in 2021 and another N114 billion recorded for egg full year 2022, it would mean that between 2021 and 2022, NNPC spent N214 billion on rehabilitation of refineries, repairs and maintenance.
Despite these expenditures, the refineries have failed to work.
THIS STORY FIRST APPEARED IN SAHARA REPORTERS
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Court Directs INEC to Recognise NDC’s Two-Finger Logo

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The Nigeria Democratic Congress (NDC) says its Presidential Campaign Council (PCC) will soon be inaugurated as the party intensifies preparations for the 2027 general elections.

The party disclosed this in a statement signed by its National Publicity Secretary, Osa Director Esq., on September 21, 2026.

According to the statement, the NDC is currently consulting with relevant stakeholders to develop and inaugurate what it described as a robust Presidential Campaign Council.

The party said its Presidential Candidate, Mr Peter Obi, and Vice-Presidential Candidate, Dr Rabiu Musa Kwankwaso, had held several meetings with the National Leader and leadership of the party as part of the process.

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The NDC said Obi and Kwankwaso had been given the opportunity to nominate key officials of the campaign council in consultation with the party.

Those positions include the Director-General of the Campaign, Deputy Director-General (North), Campaign Spokesman, Deputy Spokesman, Head of New Media, Finance Director, Deputy Finance Director and other positions.

The party said the arrangement was designed to promote inclusiveness and cohesion within the campaign structure.

It added that a full organogram of the campaign structure had been developed since August and made available to Obi and Kwankwaso for their input, while nominations had also been received from other stakeholders across the country.

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The NDC said it would announce and inaugurate the PCC after receiving the inputs of the presidential and vice-presidential candidates.

It also disclosed that a campaign timetable had been proposed since August, with arrangements for campaign funding and fundraising still being concluded.

According to the party, funds raised for the presidential campaign would be paid into the presidential campaign account and managed by officers nominated by the presidential candidate and his running mate alongside the party’s National Treasurer.

The party said the PCC inauguration, initially scheduled for the first week of September, was postponed because of the travel schedule of the presidential candidate.

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Meanwhile, the NDC has directed its state and Local Government Area (LGA) chairmen to commence the compilation and harmonisation of party agents ahead of the 2027 elections.

The directive, according to the party, is in line with the Electoral Act, 2026, and requires state and LGA chairmen to meet with candidates and relevant stakeholders to produce comprehensive lists of agents.

The agents will be divided into two categories: those for National Assembly elections and those for governorship and State Assembly elections.

The party said the lists would be scrutinised and ratified by its leadership, including the presidential candidate and his running mate, before training commences.

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The exercise is expected to be completed and the final lists submitted within two weeks of the directive.

The committee responsible for the appointment of party agents is chaired by the NDC Deputy National Chairman (South), Comrade Babatunde Alli. Vin Martin Ilo serves as secretary, while Dr Yunusa Tanko, Nafiu Dankura and the National Vice Chairmen of the six geopolitical zones are members.

The party also appealed to its candidates at all levels to discourage supporters and support groups from engaging in internal battles, urging them instead to concentrate on winning the elections.

“There are no battles to fight within the NDC,” the party stated, identifying the ruling All Progressives Congress (APC) as its common opponent.

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The NDC said it remained committed to supporting its candidates and urged them to focus on winning elections, stressing that its candidates were contesting under the party and not as independent candidates.

The party expressed its desire for all its candidates to win their respective elections and called on members and supporters to remain focused on the 2027 electoral contest.

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Wike Hails First Lady Oluremi Tinubu At 66, Says “She’s a pillar of support for Nigerians”

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The Federal Capital Territory (FCT) Minister, Nyesom Wike, has described the First Lady of Nigeria, Senator Oluremi Tinubu, as a major pillar of support for President Bola Tinubu in particular and Nigerians, especially the vulnerable ones in general.

The FCT Minister, in a goodwill message to the First Lady on her 66th birthday, commended her for the transformation of the Abuja City Gate, saying “the roles the First Lady played in transforming the Abuja City Gate into how it is today, is a manifestation of her commitment to the success of her husband’s administration.”

In a statement by his Senior Special Assistant on Public Communications and Social Media, Lere Olayinka, the Minister also hailed the First Lady’s Renewed Hope Initiative, noting that it has brought succor to several vulnerable Nigerians in the last three years.

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Wike said; “At 66, the simple way of life of the First Lady, Mrs Oluremi Tinubu, CON, has remained an inspiration to women in the country, and it is my prayer that God will continue to uphold her.

“Most importantly, this new age is a confirmation of God’s love for her, and I pray that the good Lord will continue to grant her good health.

“I celebrate and rejoice with our ever caring and development oriented First Lady on the attainment of this significant age in her life and wish her many more years of service to our country, Nigeria.”

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JAMB sacks staff member over extortion of candidates

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The Joint Admissions and Matriculation Board, JAMB, has sacked one of its staff members for allegedly extorting unsuspecting candidates.

The Board made this known on Monday in its bulletin, stating that the action was part of its renewed efforts to eliminate fraudulent practices within the admission and examination system.

According to JAMB, the sanction against the unnamed staff member showed that its fight against exploitation was not limited to external fraudsters but also applied to employees found abusing their positions.

“The Joint Admissions and Matriculation Board, JAMB, has terminated the appointment of one of its staff members for extorting unsuspecting candidates, in further demonstration of its renewed commitment to flushing out bad eggs from the system,” the board stated.

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It further cautioned its employees against engaging in activities capable of undermining its credibility or exploiting candidates and members of the public.

The Board stressed that any staff members found guilty of misconduct would face severe consequences in line with established regulations.

“The Board noted that the action sends a clear and unequivocal message that its zero-tolerance policy on corruption and misconduct applies to everyone, irrespective of status or position,” it added.

The tertiary examination body reiterated that it would not shield any employee who abuses the trust placed in them by candidates or members of the public.

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