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Tinubu Tells NNPC To Pay Fuel Subsidy From Dividend – Report

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By Kayode Sanni-Arewa

President Bola Tinubu has approved a request by the Nigerian National Petroleum Company (NNPC) Ltd to utilise the 2023 final dividends due to the federation to pay for petrol subsidy, TheCable can report.

The president also approved the suspension of the payment of 2024 interim dividends to the federation in order to augment NNPC’s cash flow.

In addition, the national oil company told the president it will be unable to remit taxes and royalties to the federation account for now because of the subsidy payments, which it termed “subsidy shortfall/FX differential”.

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An NNPC forecast seen by the newspaper showed that the cumulative petrol subsidy bill from August 2023 will hit N6.884 trillion by December 2024 — leaving the national oil company unable to remit N3.987 trillion in taxes and royalties to the federation account.

NNPC is expected to pause the payment of interim dividends for eight months this year — from May to December.

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SAD! Former Speaker Dimeji Bankole, loses mother

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By Kayode Sanni-Arewa

Alhaja Monsurat Atinuke Amoke Bankole, mother of former House of Representatives Speaker, Rt. Hon. Dimeji Bankole, has passed.

Alhaja Monsurat was a devout Muslim, philanthropist, and committed community leade during her life and times.

She founded Al Mönsur Islamic Society.

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She also held prominent Islamic titles, including Iya Adinni of Egbaland and Iya Sunnah of Alasalatu Society of Nigeria and West Africa.

Burial, according to the family, would take place today, Friday, January 10, 2025, in Abeokuta by 4pm.

She is survived by her husband, Chief Suarau Olayiwola Alani Bankole, a Nigerian Egba businessman and chieftain from Ogun State, who holds the Yoruba chieftaincy titles of the Oluwo of Iporo Ake and the Apena of Egbaland,, children, grandchildren, and several blood relations.

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Photos: Senator Manu lights up Kurmi LGA in Taraba Central, installs 50 solar powered streetlights

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Still disturbed over power outage in his district, Senator Manu Haruna of Taraba Central Senatorial District again lights up Kurmi LGA in Taraba Central.

This laudable development is coming barely two weeks after the tireless Senator connected Gunduma Ward to the National Grid that attracted dignitaries from the district during its inauguration ceremony.

Senator Manu install 50 solar powered streetlights in Kurmi LGA, Taraba Central

Manu has continued to demonstrate his dedication to improving the lives of his constituents through infrastructure and development projects.

Senator Manu install 50 solar powered streetlights in Kurmi LGA, Taraba Central

On Thursday, 50 solar streetlights were installed in Kurmi Local Government Area, received by the Executive Chairman of Kurmi LGA, Hon. Moses Maihankali, alongside Senator Haruna Manu’s campaign organization.

The solar streetlights have significantly enhanced the look of Baissa, the headquarters of Kurmi LGA, eliminating darkness in key areas and improving safety and visibility. the project ensures that critical areas within the community benefit from the enhanced lighting.

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Senator Manu install 50 solar powered streetlights in Kurmi LGA, Taraba Central

Hon. Moses Maihankali lauded Senator Manu’s commitment, not only to Kurmi but across Taraba Central Senatorial District. He commended the Senator’s dedication to infrastructure, healthcare, and humanitarian services, noting that his actions have earned him political trust, respect, and goodwill within the state.

Recall that, Senator Manu’s earlier efforts to connect Kurmi LGA to the national grid, further reinforcing his commitment to providing reliable power to the Senatorial District.

By installing the solar streetlights, Senator Manu ensures an immediate solution to power issues while contributing to the economic growth of Kurmi.

Senator Manu install 50 solar powered streetlights in Kurmi LGA, Taraba Central

Senator Haruna Manu’s focus on sustainable projects continues to position him as a transformative leader in Taraba State.

His investments in infrastructure and human capital development underscore his resolve to address key challenges facing his constituents, paving the way for long-term progress and prosperity.

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WATCH Your Family Lawyer Podcast on YouTube tomorrow

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The second edition of Your Family Lawyer will hit the airwaves tomorrow (Saturday) precisely by 9.am.

Join Barrister Chinye Chuma, a veteran lawyer marshall out issues laced with court verdicts and how victims can resolve such knotty legal matters.

Watch introductory clip below;

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