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Senate queries NNPCL auditors over N210trn unreconciled figures
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Senate Public Accounts Committee has issued a one-week ultimatum to external auditors of the Nigerian National Petroleum Company Limited (NNPCL) to account for more than N210 trillion in unreconciled figures contained in the company’s audited financial statements.
It said that auditors, who certified the accounts, could not evade responsibility for defending them.
The committee, chaired by Ibrahim Dankwambo, handed down the directive on Wednesday after a tense hearing during which lawmakers rejected repeated attempts by the auditors to refer questions back to the NNPCL, insisting that the figures they signed off on must be fully explained.
At the heart of the controversy are N107 trillion recorded as receivables and N103 trillion listed as payables in the company’s audited accounts.
The lawmakers said the figures remain unexplained because neither the NNPCL nor its auditors had produced schedules identifying the transactions, counterparties or calculations behind them.
The auditors, however, informed the committee that the supporting schedules formed part of their working papers and requested about two weeks to retrieve the documents.
The request was firmly rejected.
Dankwambo questioned why auditors, who had certified the accounts, could not immediately produce documents supporting the figures.
When you have figures in audited financial statements, there must be schedules showing exactly how those figures were derived. If those schedules already exist in your working papers, why do you need additional time before presenting them to this committee?” he queried.
But the audit firm said that the NNPCL remained its client and that detailed explanations should ordinarily come from the company, recalling that during an earlier hearing, lawmakers had agreed that NNPCL officials would explain the figures.
That position drew sharp criticism from the committee.
The committee said that NNPCL, being wholly owned by the Federal Government on behalf of Nigerians, could not invoke commercial secrecy to shield information from the Parliament.
“NNPCL belongs to the Nigerian people, not to private shareholders. Parliament has every constitutional right to examine its accounts, and no confidentiality agreement can override that responsibility,” a lawmaker said.
The auditors were thereafter discharged and directed to reappear before the committee within one week with the requested documentation.
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Just in: Court Orders Final Forfeiture of Achimugu’s N9bn Assets to FG
Justice Jude Onwugbuzie of the Federal Capital Territory (FCT) High Court sitting in Apo, Abuja, has ordered the final forfeiture of assets linked to Kogi-born businesswoman, Aisha Achimugu, to the Federal Government.
The assets include jewellery valued at N4.645 billion, 11 exotic vehicles worth N4.293 billion, $50,000 in cash, and N30 million.
The ruling was delivered on Thursday, July 16, 2026, following months of legal proceedings after the Economic and Financial Crimes Commission (EFCC) applied for the final forfeiture of the assets.
Justice Onwugbuzie held that the EFCC had successfully proved its case and consequently ordered the immediate and final forfeiture of the jewellery valued at N4,645,170,294.09, the 11 exotic vehicles worth N4,293,000,000, $50,000, and N30 million in cash to the Federal Government.
News
Court orders parties to maintain status quo in Benue APC leadership suit
By Francesca Hangeior
Justice Inyang Ekwo of the Federal High Court sitting in Abuja on Thursday ordered the All Progressives Congress (APC) and the Independent National Electoral Commission (INEC) to maintain the status quo pending the determination of a suit instituted by Hon. (Engr.) Sesugh Kaaba.
Justice Ekwo gave the order after parties informed the court that they had exchanged processes in the suit, prompting the court to hold that issues had already been joined on the substantive matter.
The suit, marked FHC/ABJ/CS/1429/2026, was filed by Kaaba against the APC and INEC.
At the resumed hearing, counsel to the plaintiff, Mohammed Ndarani Mohammed, told the court that the matter was scheduled for the defendants to show cause why the reliefs sought in the plaintiff’s ex parte application should not be granted.
According to the judge, both defendants had complied with the court’s earlier order by filing affidavits to show cause, adding that the plaintiff had received and was ready to respond to the processes.
Counsel to the APC, S. D. Swem, confirmed that the party had filed its affidavit to show cause and a counter-affidavit to the motion on notice, but said its response to the originating summons was yet to be filed.
On his part, counsel to INEC, Oluwole Olukunle, informed the court that the commission had responded to all the processes filed by the plaintiff.
Justice Ekwo observed that by filing their respective processes, the parties had submitted to the court’s jurisdiction and joined issues on the substantive case.
The judge cautioned that once a matter is pending before a court, parties must refrain from taking steps capable of altering the subject matter of the litigation.
“Once a case is pending in court, parties are automatically restrained and if you go ahead to do any other thing, you are taking the law into your hands,” the judge said.
Counsel to the plaintiff thereafter urged the court to caution the APC against taking further actions while the suit was pending.
Justice Ekwo, however, clarified that he was merely stating the legal position and not giving advice to any of the parties.
In a brief ruling, the judge held that since parties had already joined issues on the substantive suit, it would serve the interest of justice to proceed with the hearing of the main case rather than expend judicial time on the pending ex parte application.
He subsequently adjourned the matter until July 21 for hearing and ordered all parties to maintain the status quo ante pending the determination of the suit.
News
Let the Special Seats Bill Define Your Legacy’, PLAC, Speaker’s Wife Tell Lawmakers
By Gloria Ikibah
The Executive Director of the Policy and Legal Advocacy Centre (PLAC), Clement Nwankwo, and wife of the Speaker of the House of Representatives, Hajiya Fatima Tajudeen Abbas, have challenged the 10th National Assembly to ensure the passage of the Constitution Alteration Bill seeking Special Reserved Seats for Women, warning that history would judge the legislature by its handling of the landmark proposal.
Speaking on Wednesday during the 2026 National Assembly Open Week in Abuja, both speakers described the bill as one of the most consequential democratic reforms currently before Parliament, insisting that its passage would redefine women’s political participation and strengthen Nigeria’s democracy.
The appeal was made during the National Dialogue on the Electoral College Model for the Special Seats Bill, where lawmakers, former public office holders, civil society organisations and development partners gathered to discuss pathways to improving women’s representation in governance.
Nwankwo acknowledged what he described as the impressive legislative output of the 10th National Assembly over the past three years but argued that none of its achievements will surpass the significance of the proposed constitutional amendment.
According to him, the legislation presents a rare opportunity to correct the longstanding exclusion of women from elective positions.
Addressing the Speaker through the House Leader, Prof. Julius Ihonvbere, and Hajiya Fatima Abbas, he urged lawmakers in both chambers to rally behind the bill.
“This is the most important bill before this National Assembly. It is not the budget bill or the tax reform bill. The Special Seats for Women Bill is the greatest legacy this National Assembly can leave behind. If this bill does not pass, the legacy of the 10th National Assembly will be seriously questioned,” he said.
Nwankwo also applauded local and international partners, including the European Union and the Inter-Parliamentary Union (IPU), for supporting advocacy aimed at increasing women’s political participation.
He said passing the bill would underscore Nigeria’s commitment to inclusive democracy while bringing the country closer to global standards on gender representation.
In her remarks, Hajiya Fatima Abbas commended the leadership of the House of Representatives under Speaker Tajudeen Abbas for promoting openness, legislative reforms and greater public participation through the National Assembly Open Week.
She described the initiative as a demonstration of Parliament’s commitment to transparency and democratic accountability.
“This Open Week reflects our shared belief that democracy thrives when citizens are informed, engaged and able to participate meaningfully in governance. By opening the legislature to dialogue and public engagement, the House of Representatives continues to strengthen public trust and deepen Nigeria’s democratic culture,” she said.
She said the proposed constitutional amendment was both timely and necessary, noting that it seeks to address the persistent underrepresentation of women and other marginalised groups in Nigeria’s political institutions.
“The Special Seats Bill seeks to address the persistent underrepresentation of women and other marginalised groups in elective offices, ensuring that our democratic institutions better reflect the diversity of the Nigerian people. A stronger democracy is one in which every voice has a meaningful opportunity to be heard”, she added.
She called on lawmakers, civil society groups, development partners and other stakeholders to sustain advocacy until the bill becomes law.
Hajiya Abbas also praised President Bola Ahmed Tinubu for advancing institutional reforms and inclusive governance under the Renewed Hope Agenda, while commending First Lady Senator Oluremi Tinubu for championing women’s empowerment through the Renewed Hope Initiative.
She further acknowledged the advocacy efforts of the House of Representatives Spouses Association (HORSA), which she chairs, saying the association had continued to campaign nationwide for increased female representation in governance.
Women leaders push for urgent reforms
Earlier, prominent women leaders, legislators, former public office holders and civil society organisations renewed calls for stronger female representation during the dialogue, describing Nigeria’s current figures as unacceptable.
Chairperson of the House Committee on Women Affairs and Social Development, Hon. Kafilat Ogbara, lamented that women currently occupy only about four per cent of seats in the National Assembly — the lowest representation rate on the African continent.
She said the outcome of the recent party primaries further exposed the structural barriers confronting women seeking elective office.
“Women in Nigeria have been sidelined for far too long. The Reserved Seats for Women Bill deserves urgent attention. Despite the fact that many of the recent primaries were largely predetermined, women were still not adequately accommodated,” Ogbara said.
Sh expressed confidence that the repeated commitments made by the leadership of the National Assembly towards gender inclusion would translate into concrete legislative action.
She explained that the Special Seats Bill would create additional opportunities for women to participate in governance and urged stakeholders to consider the Electoral College Model as one of the practical mechanisms for implementing the reform.
She also commended the House leadership for consistently supporting initiatives aimed at expanding women’s participation in politics.
Former Speaker of the House of Representatives, Rt. Hon. Patricia Etteh, also threw her weight behind the proposal, arguing that democracies across the world continue to evolve through reforms that improve representation.
She endorsed the Electoral College Model and called for sustained civic education, stronger political party commitment and wider public support to boost women’s participation in politics.
Representing Speaker Abbas Tajudeen, House Leader Prof. Julius Ihonvbere reaffirmed the leadership’s commitment to ensuring the Special Seats Bill is passed.
Similarly, Chairman of the House Committee on Defence, Rep. Babajimi Benson, assured participants that lawmakers would continue to build bipartisan support for the legislation.
The event also featured goodwill messages from representatives of women’s organisations, development partners, as well as the Deputy Governors of Rivers and Kaduna States, all of whom pledged continued support for reforms aimed at making Nigeria’s democracy more inclusive.
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