News
Energy Reforms Advocates Expose Underhand Dealings in NNPCL’s Crude Oil Allocation: Matrix and GTT Under Scrutiny
The Energy Reforms Advocates, a formidable coalition of activists championing transparency and accountability within Nigeria’s oil and gas sector, has sounded the alarm over an alleged “unholy alliance” between the Nigerian National Petroleum Company Limited (NNPCL) and Matrix Energy Group. This purported partnership, according to the advocates, is specifically designed to deprive Nigeria of crucial tax revenues.
A damning report compiled by the group, led by Dr. Moses Oriri, has unearthed irrefutable evidence linking Matrix Energy’s operations to Malta, a notorious European hub for clandestine blending and ship-to-ship transfers of sanctioned Russian oil and petroleum products.
Further investigation revealed that crude oil allocations by NNPCL to Matrix Energy Group are traded through an intermediary, Gulf Transport & Trading (GTT), registered in the United Arab Emirates (UAE). These allocations, totaling nearly 38% of Nigeria’s oil import quota, allegedly circumvent Nigeria’s tax system, resulting in billions of naira in lost revenue.
Matrix Energy, helmed by Abdulkabir Adisa Aliu, purportedly receives up to four crude oil cargoes per month from NNPCL. Instead of trading these allocations directly within Nigeria, where they would be subject to taxes and government oversight, the crude is rerouted through GTT. This UAE-based trading company allegedly serves as a front for Matrix’s offshore operations.
The scheme enables the oil to be sold at a premium of $3 per barrel, generating substantial profits outside Nigeria’s taxation system. This brazen exploitation not only undermines Nigeria’s economic interests but also raises serious concerns about corruption and money laundering.
An exhaustive examination of documents by Energy Reforms Advocates reveals that this clandestine arrangement yields an estimated $150 million (approximately N240 billion at the current exchange rate of N1,600 per dollar) in untaxed profits annually, denying Nigeria’s treasury much-needed revenue.
Given oil’s status as Nigeria’s primary revenue source, this flagrant exploitation has far-reaching consequences, impacting every sector of the country. The ripple effects of this malfeasance are felt across the economy, exacerbating financial hardships and undermining national development. These illicit gains, which rightfully belong to the Nigerian people, are instead unlawfully appropriated by Matrix Energy and its collaborators, dealing a devastating blow to the nation’s economic well-being.
Further investigation has uncovered an even more alarming aspect of this scheme. Poly Pro Trading, a Dubai-registered entity purportedly operating from OneJLT Towers 05.015 in the Dubai Free Trade Zone, appears to be a fictitious company lacking a physical office presence.
Energy Reforms Advocates categorize this location as a mere “business front,” cleverly designed to lend legitimacy to illicit oil transactions. This revelation raises profound concerns regarding the true nature and intentions of these offshore entities, particularly their role in siphoning Nigeria’s wealth through elaborate schemes.
Further in-depth investigations into Matrix Energy’s operations have uncovered the company’s clandestine involvement in the importation of substandard refined petrochemicals, which are subsequently distributed throughout Nigeria, perpetuating a hazardous cycle of environmental degradation and health risks. Documents obtained by Energy Reforms Advocates reveal that a substantial percentage of Matrix’s imports originate from Malta, a small European nation lacking significant oil refining capacity. However, Malta has gained notoriety for its role in illicitly refining Russian oil, which is then surreptitiously traded to unpatriotic representatives from various countries.
Alarmingly, over 35% of shipments from Malta contain petroleum products of questionable quality, including naphtha and gasoline blends, which fall short of global standards. These subpar products are then transshipped through various African ports, ultimately infiltrating Nigeria’s fuel distribution system.
Notably, diesel from Russia is notoriously off-spec, and diesels from Matrix filling stations have failed the ASTM D4294 test method, which provides a rapid and precise measurement of total sulfur in petroleum and petroleum products with minimal sample preparation. This situation has led to Matrix Energy peddling flammable diesel with toxic fumes to unsuspecting Nigerians, while reaping enormous profits.
The ecological and health consequences of this low-grade fuel are dire. Increased emissions from these substandard products lead to elevated pollution levels, frequent vehicle breakdowns, and a precipitous decline in public health. Experts warn that this illicit trade contributes significantly to Nigeria’s escalating mortality rate, as unsuspecting citizens are exposed to these harmful products. The sheer magnitude of this environmental and health crisis raises urgent concerns about the government’s regulatory oversight and the company’s blatant disregard for human life and the environment.
Energy Reforms Advocates contend that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is culpably complicit in the illicit operations, willfully disregarding its statutory responsibility to ensure the quality of petroleum imports. The advocacy group asserts that Matrix Energy inaction is facilitated by its cozy relationship with high-ranking officials like, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),Farouk Ahmed, and the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari.
By failing to regulate fuel quality effectively, NMDPRA has created a regulatory vacuum that international commodity traders and Nigerian marketers have exploited with impunity, importing subpar fuels without consequence.
Regrettably, the presence of unpatriotic individuals, including Adisa Aliu, Farouk Ahmed, Mele Kyari, and their associates, in key decision-making positions has perpetuated the corruption plaguing Nigeria’s oil and gas sector. The disturbing revelations surrounding Matrix Energy and Gulf Transport & Trading’s (GTT) unscrupulous business practices not only cast doubt on the integrity of NNPCL’s leadership but also tarnish the reputation of Nigeria’s entire oil and gas industry.
As Africa’s largest oil producer, Nigeria’s economy is heavily reliant on crude exports and the accompanying revenues. However, these illicit dealings deprive the country of vital funds that could be invested in critical infrastructure, education, healthcare, and essential public services. The actions of these unpatriotic elements in power have far-reaching and devastating consequences, severely impacting various aspects of Nigeria’s development, including its economic, social, infrastructure, political, and humanitarian well-being.
With a great insight into the understanding of this situation as a Syndicate operation involving high profile corrupt individuals, the Energy Reforms Advocates are urgently appealing to relevant authorities, notably the Economic and Financial Crimes Commission (EFCC), to initiate a thorough investigation into these illicit activities and prosecute all individuals and organizations implicated.
The advocacy group is also demanding enhanced transparency in the Nigerian National Petroleum Company Limited’s (NNPCL) crude oil allocation processes and more stringent oversight of the nation’s oil export channels to prevent further exploitation.
In response to these disturbing findings, Energy Reforms Advocates are pressing the Nigerian government to conduct a comprehensive review of all crude oil export contracts, ensuring that companies like Matrix Energy and Gulf Transport & Trading (GTT) are held accountable for their actions.
The group is emphasizing the imperative need for sweeping reforms in the oil and gas sector, specifically targeting the pervasive exploitation by foreign entities in collusion with corrupt Nigerian officials.
“This constitutes a systematic plundering of Nigeria’s resources,” declared a spokesperson for Energy Reforms Advocates. “We can no longer tolerate the inaction that enables a select few privileged companies, in cahoots with corrupt officials, to siphon away our nation’s wealth. The time has come for decisive government intervention.”
As this saga unfolds, Energy Reforms Advocates urge Nigerians to remain vigilant, demanding the transformative change desperately needed in this critical sector. The advocacy group persists in its demands for transparency, accountability, and justice on behalf of Nigerians whose future is being jeopardized by these unscrupulous dealings.
News
Angry Ex-Senate president, Saraki slams Kwara gov, says “you never completed secondary sch education”
Ex-Senate President, Dr Abubakar Bukola Saraki, has described as a “desperate ploy by a drowning politician” the move by Kwara State Governor, Abdulrahman Abdulrazaq, to initiate a case of criminal culpability against him over the Offa robbery incident of 2018 “which I know nothing about”.
While describing the criminal case as “dirty politics taken too far and too low”, Saraki warned Abdulrazaq to desist from this despicable act of using the Offa robbery incident as a weapon anytime he came under political pressure over his poor policy conception and failure to live up to expectations as a governor of a state known as the State of Harmony.
Ordinarily, my attitude to this insidious move by the incumbent Governor of Kwara State to initiate a case of criminal liability against me in the unfortunate incident of armed robbery which happened in Offa community eight years ago should be to shrug it off and say that we will meet in court since I know I have nothing to do with the incident or any other crime for that matter.
“However, I have been inundated with calls from many well-meaning Nigerians who were surprised by this turn of events. Thus, for the benefit of the general public, let me categorically state that I have nothing to do directly or indirectly with any case of armed robbery or any criminal matter, whatsoever. The Offa robbery incident was designed under the Buhari administration with the connivance of some individuals from Kwara State as an instrument of blackmail to seize political power from our group in 2019.
“The case was investigated by the police team from the office of the Inspector General of Police. However, following the investigation, in two separate legal advices dated June 22nd, 2018, and August 23rd, 2018, the Director of Public Prosecution (DPP) in the Office of the Attorney General of the Federation (AGF) stated that there was no evidence directly or indirectly linking me to the robbery incident.
“ The DPP in his first legal advice stated that “For the Senate President and the Kwara State Governor, this office is unable to establish from the evidence in the interim report a nexus between the alleged offence and the suspects”.
In a second report, the DPP stated that “With regards to the Senate President, Senator Bukola Saraki, since there is no departure from the earlier findings in the interim report, this office is still unable to establish any prima facie case against him for any offences of criminal conspiracy, armed robbery and culpable homicide”.
Based on the DPP’s advice, four suspects were charged in court by the Kwara State Government. They were convicted at the trial court and the conviction was upheld by the appellate court. The matter is now before the Supreme Court.
Suddenly, the governor woke up after I granted my interview to Channels TV where I commented on the insecurity in the state and thought he could resurrect these baseless charges against his two predecessors. I noticed that in his propaganda plan to circulate his frivolous charges and other skewed documents as paid advertisements in the national newspapers, even before serving the defendants, he intentionally hid the DPP reports and other documents which put a lie to the charade he is perpetuating. These are deliberate efforts to mislead the media and induce them to give purchased publicity to the frame-up.
“Therefore, I am under no illusion that this case was a frivolous move and an abuse of court process to embarrass my person. My legal team will definitely meet this governor in court. I believe that Abdulrahman just feels that he could still use this case to harass and defame my person by abusing the judicial process. He had tried to induce the families of the victims to initiate civil litigations against the other respondents and me, but he seemed not to be making progress with that mischievous effort because the families backed out.
“I need to remind him that this vicious attack on my reputation because he enjoys the immunity of a governor is a huge joke on him. A sitting governor who is accusing his two immediate predecessors of armed robbery is only making a mockery of the institution. He is only taking the governorship of our dear state to the gutter.
This is an example of dirty politics taken too far and too low. He ought to know that nobody at the national or state level is buying his claim. He is the butt of a crude joke. Many of those involved in the plot to blackmail me with the Offa robbery case have since faced judgements of the law of karma. I do not doubt that this governor will end up the same way.
“One would have thought that a governor whose state has lost over 400 lives to banditry between January 2025 and March 2026, with over 100 others kidnapped in the worst cases of insecurity since its creation, would concentrate efforts and focus attention on taming the menace by getting the bandits arrested to face justice. No. He is fixated on filing frivolous and politically motivated charges against his predecessors.
This shows the dark mindset of the man who is the governor of Kwara State today. A man who emphasises dirty politics over development and security of life and properties of the citizenry. He started working on this plot immediately after my interview on Channels TV where I flayed his lack of capacity in tackling the security crisis in the state. He thought this case would erase his record as the governor with the worst cases of insecurity under his watch in the state’s history. It is an unenviable record he has sustained by his lack of capacity and ability to tackle serious issues of the state.
“This is a mere act of a desperate politician who is losing control in his party and knows that his days in governance are numbered.
It is the reason Nigerians should always take into consideration the level of education of those we elect into office. For a man who never completed secondary school education, it is difficult for him to appreciate the issues involved in any matter. His level of education is definitely affecting his judgement.
News
Court Fixes Ruling Date In High-Profile Godwin Emefiele Trial
An Ikeja Special Offences Court has scheduled May 4, 2026, to deliver its ruling on whether an extra-judicial statement made by co-defendant Henry Omoile will be admitted as evidence in the ongoing trial involving former Godwin Emefiele.
The statement in question was allegedly made by Omoile, who is standing trial alongside Emefiele. Presiding judge, Justice Rahman Oshodi, fixed the date after both the prosecution and defence teams adopted their final written addresses during a trial-within-trial session.
The hearing is focused on determining whether Omoile’s statement was given voluntarily and is therefore admissible in court.
Emefiele is facing a 19-count charge bordering on alleged gratification, corrupt practices, and abuse of office, involving transactions estimated at $4.5 billion and ₦2.8 billion.
Omoile, meanwhile, is standing trial on a three-count charge relating to alleged unlawful acceptance of gifts connected to dealings with the Central Bank of Nigeria.
Counsel to Omoile, Senior Advocate of Nigeria Adeyinka Kotoye, argued that the statement should be rejected on the grounds that it was not voluntarily made. He cited provisions of the Administration of Criminal Justice Act, stressing the importance of video-recorded interrogations to ensure transparency.
The defence also raised concerns over possible coercion, inducement, and lack of proper legal representation during the recording of the statement.
Similarly, counsel to Emefiele, Olalekan Ojo (SAN), urged the court to discountenance the statement, arguing under the Evidence Act that any involuntary confession is inadmissible.
However, Director of Public Prosecutions, Rotimi Oyedepo (SAN), maintained that the statement was properly obtained in line with legal procedures, adding that although it was not video-recorded, it was made in the presence of Omoile’s lawyer.
He further argued that the contents of the statement do not support claims of coercion, noting that Omoile did not implicate Emefiele and denied the allegations against himself.
After hearing all submissions, Justice Oshodi adjourned the matter for ruling on May 4, 2026, while also fixing June 26 and June 30, 2026, for continuation of the substantive trial.
News
Awujale Stool: Police Again Summon Kingmakers Over Alleged Bribery in Selection Process
Nine kingmakers of Ijebu-Ode have been re-invited by the Ogun State Police Command to appear at the command headquarters in Eleweran, Abeokuta, next Monday and Tuesday over fresh allegations of bribery and financial inducement in the selection of the new Awujale and paramount ruler of Ijebuland.
The development marks the second time the kingmakers are being summoned by the police on the matter.
Recall that the Ogun State Government, in January 2026, suspended the selection process through a statement signed by the Commissioner for Local Government and Chieftaincy Affairs, Hon. Ganiyu Hamzat.
The suspension followed petitions from security agencies and other stakeholders.
The kingmakers were first invited by the Ogun State Police Command in February over similar accusations of cash inducement. However, the probe was later dropped following the intervention of superior authorities.
In the latest development, the nine kingmakers have been re-invited through a letter dated April 17, 2026, signed by Gbenga Adeoye, Deputy Commissioner of Police in charge of the State Criminal Investigation Department (SCID).
One of the kingmakers, the Kakanfo of Ijebuland, Chief Abimbola Okenla, confirmed the invitation.
He disclosed that four of them are expected to appear on Monday, April 21, 2026, while the remaining five are scheduled for Tuesday, April 22, 2026.
Chief Okenla described the repeated invitations as a distraction, insisting that the allegations are unfounded.
“It’s true that the Ogun State Police Command has invited the kingmakers to the command’s headquarters in Abeokuta.
Four of us are to be there on Monday while the remaining five will be there on Tuesday,” he said.
“None of us is happy with this frequent invitation by the security agencies over unfounded allegations. The people of Ijebuland are equally not happy about it because it is becoming more of a distraction.”
The Kakanfo appealed to Governor Dapo Abiodun to allow the kingmakers to conclude the selection process without further delay.
“We are only pleading with Governor Dapo Abiodun to allow the kingmakers to do their job and complete the assignment of picking the next Awujale of Ijebuland without any further delay,” he added.
Parts of the police invitation letter read:
“In continuation of the aforementioned case under investigation, you are kindly requested to report at the State Criminal Investigation Department, Eleweran, Abeokuta, Ogun State, on [Monday/Tuesday] April 21/22, 2026 at 1000hrs for an interview with the Commissioner of Police, through the Deputy Commissioner of Police, State Criminal Investigation Department.
“This is a fact-finding invitation pursuant to the investigative powers conferred on the Nigeria Police by the combined provisions of Section 214 of the Constitution of the Federal Republic of Nigeria 1999 (as amended) and Section 4(a) of the Police Act 2020.
“Your presence is therefore required to assist in advancing the course of criminal justice delivery and fairness. Should you require any clarification, kindly contact 08038455857. Please take note that you are at liberty to come along with your lawyer.”
-
News23 hours agoJust in: Ex-Senate president, Saraki, others to face death penalty charges
-
News23 hours agoNigeria Rules Out IMF Bailout as Reforms Gain Ground –Finance minister, Edun
-
News18 hours agoKwankwaso has decided to be Obi’s running mate-Ibrahim Abdulkarim reveals
-
News23 hours agoHunger looming in Nigeria as Tinubu’s economic policies summersault- IMF cautions
-
News18 hours agoJust in: Tinubu assents 2026 Appropriation Bill, 2025 Budget Extension
-
News23 hours agoTragedy averted as man parks SUV on 3rd Mainland bridge jumps into lagoon
-
Politics4 hours ago2027: Why Tinubu should be afraid — ADC
-
Sports18 hours ago“Any attempt to lose to Arsenal, ends Mancity’s dream of title race”-Guardiola

You must be logged in to post a comment Login