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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Further informed that hundreds of millions of dollars have been irregularly withdrawn from this Fund and expended on white elephant projects, unauthorized and illegal projects that appear patently illegal and in contravention of extant laws and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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Betara Celebrates Governor Bago @51

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…commend his leadership qualities, contribution to national development

By Gloria Ikibah

The Chairman House of Representatives’ Committee onthe Federal Capital Territory (FCT), Rep. Muktar Betara has congratulated Governor of Niger State, Mohammed Bago on his 51st birthday.

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Rep. Betara who represents Biu/Bayo/Shani/Kwaya Kusar Federal Constituency of Borno State, in a congratulatory message admitted Governor Bago’s relentless advocacy for Nigerites as well as the meaningful contributions to legislative processes that shaped national development while serving as Member of the House of Representatives.

Thrilled by the leadership qualities of Governor Bago, he applauded various unprecedented developmental projects initiated since his assumption of office in 2023.

He said: “Your Excellency, on this special occasion of your 51st birthday, I extend my heartfelt congratulations and best wishes to you.

“This milestone is a testament to a life dedicated to public service, leadership, and unwavering commitment to the progress of Niger State and Nigeria at large.

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“As the Governor of Niger State, your visionary leadership has continued to inspire hope and transformation across various sectors.

“Your dedication to infrastructural development, education, healthcare, and especially, agriculture, and security has significantly improved the lives of the people, reinforcing your reputation as a leader who prioritises the welfare of his people.

“Your efforts in fostering economic growth and good governance have set a solid foundation for sustainable development in the state.

“Before assuming office as Governor, your impactful tenure as a Member of the House of Representatives was marked by your relentless advocacy for your constituents and meaningful contributions to legislative processes that shaped national development.

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“As you celebrate this new chapter of your life, may you continue to be blessed with wisdom, strength, and good health to steer Niger State toward greater heights. Happy birthday !”

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Nigeria Seeks Stronger Economic Ties with China

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…as currency swap boosting bilateral trade

By Gloria Ikibah

The Nigerian government is deepening economic collaboration with China to drive industrialisation and economic diversification.

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Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, made this known when she received the Chinese Ambassador to Nigeria, Yu Dunhai, in Abuja.

The Minister emphasised that Nigeria’s longstanding ties with China, spanning over five decades, align with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises economic expansion and resilience.

Outlining key areas where Nigeria seeks Chinese support, including electric vehicle production, digital technology, renewable energy, and agriculture, Amb. Odumegwu-Ojukwu acknowledged China’s significant role in Nigeria’s road and rail infrastructure development and noted that the country is taking concrete steps to modernize its ports and power sector to attract more investment.

She also highlighted the importance of cultural ties, and noted the growing interest among Nigerian youths in learning the Chinese language.

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The minister reaffirmed Nigeria’s commitment to strengthening its economic partnership with China, highlighting that the ongoing currency swap agreement is already enhancing trade relations between both nations.

“It’s quite interesting that a large population of Nigeria youth is inching towards Chinese Language. A lot of Nigerian Universities are desirous to offer Chinese Language. Chinese had become the language of trade in the world.

“Nigeria-China will continue to relate not just bilaterally but multilaterally.

“We expect that we will continue to get the support of China but we will always reciprocate that multilaterally.

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“In line with President Tinubu’s plan to industrialise Nigeria, we expect Chinese cooperation in establishing assembly plants of electric vehicles; digital communication, renewable energy, all aspects of digital technology, agriculture because of food insecurity as the government is interested in seeing that food gets to the poorest of the poor. Government is not just talking about food but has established a separate Ministry of Livestock,” the minister stated.

She urged China to extend trade tariff exemptions to its exports, similar to the concessions already granted to 33 other African nations, emphasising that the Renewed Hope Agenda prioritizes stronger ties between citizens and deeper country-to-country partnerships.

In response, Chinese Ambassador Yu Dunhai reaffirmed China’s commitment to strengthening its relationship with Nigeria, describing the country as a key strategic partner. He noted that President Bola Ahmed Tinubu’s visit to China and participation in the Forum on China-Africa Cooperation (FOCAC) had elevated diplomatic and economic engagements between both nations.

Amb. Yu highlighted ongoing collaborations in infrastructure, including roads, railway modernization, power, industrial parks, and the Lekki Deep Sea Port. He disclosed that trade volume between the two nations exceeded $21 billion last year, with Nigeria’s exports to China accounting for over 25% of this figure.

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He further underscored the role of manufacturing in industrialization, pointing to the recently renewed $2 billion currency swap agreement as a tool to enhance financial cooperation, boost bilateral trade, and attract more investment.

Expressing optimism about the future, the envoy stated that these efforts would ultimately yield tangible benefits for ordinary citizens in both countries.

He said: “We have a comprehensive strategic partnership with Nigeria. China would want Nigeria to play a big role in the international scene. We want Nigeria to become a member of G-20. These will all provide opportunity for China and Nigeria to further work together closely.

“For China, we have been very consistent. We give grant to any African countries; we don’t give any conditions.”

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He further acknowledged that it was important that the two countries met to review how far they have performed in their bilateral cooperation.

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Painful! Former NBC DG ,Prof Tom Adaba is dead

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By Kayode Sanni-Arewa

The ex-Director General of National Broadcasting Commission (NBC) Professor Tom Adaba is dead.

The veteran journalists died on Saturday peacefully in Abuja.

The late Adaba was born in July 2nd, 1941

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According to Chief Adinoyi Joe Anivasa JP, Secretary Egbira Elders Forum Abuja on Saturday stated as follows, “I feel sad to inform you that our elder and Leader, Prof Tom A Adaba just answered the call of nature by giving up his ghost to the Lord this morning.

“Further details about his burial arrangements would be communicated later.

“We thank God for his life. May God have mercy on his shortcomings and grant his soul eternal peaceful rest in His Heavenly Kingdom, Amen.

He was the first Nigerian (between 1988 and 1992) to be honoured as president of the African Council for Communication Education.

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