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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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Sad! Train Crushes Man To D3ath In Oshodi, Lagos

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By Kayode Sanni-Arewa

There was confusion in Lagos on Friday when a trader was crushed by a Lagos-Ibadan train around Oshodi, Lagos.

The incident happened around 2pm with sympathisers and passers-by thronging the area.

Eyewitnesses said the trader was crushed to death in front of Arena Shopping Complex, Oshodi.

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The middle-aged man was said to be urinating while standing in the middle of the rail tracks, with his two ears covered with an earpiece.

A witness told out reporter that despite the heavy horn of the train and passers-by shouting to warn the man, he did not hear the alarm.

Sympathetic passers-by who gathered around the dead body said the man killed himself.

Another witness identified the dead man as a trader who owned a shop at a shopping complex called Moyosore.

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He said the deceased was chatting with three other persons who heard the honking of the train and ran away from the tracks.

The deceased’s body was still lying on the ground in front of his closed shop while efforts were made to reach his family. Sources said the Police was quickly called upon to evacuate the corpse.

Cases of train crushing people to death have become a recurring incident due to high prevalence of human activities on the railway corridors within the Lagos axis.

In areas like Agbado, Agege, Ikeja, Oshodi, traders often display their wares on the rail tracks while quickly packing the wares as soon as a train approaches, thereby endangering their lives.

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A source in the Nigerian Railway Corporation (NRC) who confirmed the train accident to our correspondent, said the identity of the victim had not yet been figured out.

The Public Relations Officer (PPRO) of the Lagos Police Command, Ben Hundeyin, was yet to respond to our correspondent’s enquiry on the incident as at press time.

Nigerian Tribune

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Police declare Ex-President Jonathan’s aide , Reno Omokri wanted

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By Kayode Sanni-Arewa

Reno Omokri, a former Special Assistant to former President Goodluck Jonathan on New Media, has been declared wanted by the Nigeria Police Force (NPF).

His offence: he allegedly defamed Pastor Paul Enenche.

The NPF secured an order from the Chief Magistrate Court of the Federal Capital Territory (FCT), Wuse Zone 6, Abuja to remand him in prison custody along with a former Dunamis Church Pastor, Abraham Daniel, and two others, Enenche Peter and Alexander Enenche.

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The court, presided over by Chief Emmanuel A. Iyanna, issued the remand warrant through an ex-parte motion filed by the Inspector General of Police (IGP), Kayode Egbetokun, on January 13, 2025.

Granting the ex-parte application filed by Francis Gabriel, Esq on behalf of the Police Chief, in Motion No: ME/07/2025 between the Inspector General of Police as Applicant and Daniel Abraham, Enenche Idoga Alexander, Oboyinlo Enenche Peter and Reno Omokri as 1st to 4th Respondents, the Chief Magistrate directed the Police to produce the respondents on return Court date on January 30.

Iyanna held: “Upon hearing the application and submissions of learned Francis Gabriel and upon careful consideration of the averments, the annextures and issues as raised in the submissions of the applicant, the application is hereby granted as prayed.

“It is hereby ordered as follows: An Order of this Honourable Court for remand warrant of the Respondents (i) MR. DANIEL ABRAHAM (ii) MR. ENENCHE IDOGA ALEXANDER (iii) OBOYINLO ENENCHE PETER and (iv) MR. RENO OMOKRI in the custody of the Nigeria Correctional Service, pending investigation, arraignment/prosecution.

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“It is, hereby, ordered that the Respondents be arraigned before a Court of competent jurisdiction after the conclusion of the said investigation.

“On the return date, the Respondents should be produced.

“The matter is adjourned to 30th Day of January, 2025.”

The remand warrant was predicated on a petition to the IGP by Patrick O. Okolo, SAN against Mr Reno Omokri, Gistlover Blog, Aunty Adul, Peter Obonyiro, Kelechi TV and their agents and co-conspirators for alleged defamation of Pastor Paul Enenche.

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Reps Urges Clear Labeling of GMO Products, Demand More Research

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By Gloria Ikibah

The House of Representatives has called on the National Biotechnology Development Agency (NABDA) to ensure the clear labeling of all Genetically Modified Organism (GMO) products in accordance with global standards.

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This House Committee on Science and Technology gave the resolution during a budget defense session, with the Director General, Prof. Abdullahi Mustapha on Thursday in Abuja.

The committee cited the widespread of GMO use in the United States, particularly in maize.

However, committee member Rep. Awaji-Inombek Abiante emphasised the need for transparent labeling, highlighting that Nigerians should have the choice to make informed decisions about the food they consume. He questioned the adequacy of research on GMO products, particularly Tela Maize, before their adaptation in the country.

In addition, Prof. Mustapha presented NABDA’s proposed budget of N5.3 billion for the 2025 fiscal year, which includes N834.4 million for overhead costs and N14.5 million for personnel costs.

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Naijablitznews.com reports that the agency employs around 4,000 staff across its 39 centers nationwide. Other agencies, including the Trypanosomiasis Research Institute, PRODA, NBTI, and NOTAP, also submitted their budgets to the committee.

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