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NSCDC Apprehends Three Suspects For Oil Theft In Anambra; Nigeria Loses N4.3 Trillion To Oil Theft Over Five Years – FG

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NSCDC Apprehends Three Suspects For Oil Theft In Anambra; Nigeria Loses N4.3 Trillion To Oil Theft Over Five Years – FG....KINDLY READ THE FULL STORY HERE▶

The Nigeria Security and Civil Defence Corps (NSCDC) have captured three individuals in Anambra State suspected of involvement in the transportation of adulterated diesel. The operation, conducted in the Odekpe area of the Ogbaru Local Government Area, resulted in the seizure of 1,625 liters of the illicit fuel known as Automotive Gas Oil.

The suspects, identified as Okechukwu Okeke, Emeka Chukwuma, and Ifunanya Ike, were apprehended while transporting the adulterated product in two shuttle buses along the Atani road. They were found with one white and one ash-colored bus, bearing distinct registration numbers.

Commandant Olatunde Maku, speaking at the State Command, revealed that the arrest was a collaborative effort between the NSCDC’s Anti-Vandalism Squad and the Nigerian Navy. He emphasized the NSCDC’s dedication to combating crude oil theft and illegal oil bunkering activities in Anambra State.

Maku stressed the importance of community participation in fighting these crimes and urged the public to report any illegal oil bunkering activities in their areas. He commended the Nigerian Navy for their cooperation in addressing criminal activities and reaffirmed the NSCDC’s commitment to eradicating illegal petroleum product activities in the state.

The NSCDC, as the lead agency in protecting critical national assets and infrastructure, maintains a zero-tolerance policy towards crude oil theft and illegal bunkering. Maku assured that the NSCDC would continue its efforts to eliminate illegal petroleum product racketeering and related criminal activities in Anambra State, signaling a staunch commitment to safeguarding the nation’s economic stability.

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NPFL Drama: Ogunmodede, Moga Celebrate Victories As Ogunbote Cries Out After Plateau United Defeat.

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Kano Pillars technical adviser Daniel Ogunmodede has expressed delight after his team ended a five-match winless streak with a 1-0 victory over Katsina United in the Nigeria Premier Football League (NPFL) on Sunday, October 18.....KINDLY READ THE FULL STORY HERE▶

The victory at the Sani Abacha Stadium provided a much-needed boost for Pillars, who had struggled to secure maximum points in their previous five matches.

Speaking after the local derby, Ogunmodede praised his players for their determination and fighting spirit.

“I must congratulate the boys for putting up a brilliant fight. We had not tasted a win in the last five games, and they delivered in the derby,” he said.

The coach also commended his team for its performance at both ends of the pitch, highlighting the attacking display and defensive discipline that secured all three points without conceding.

“That was a very good goal. We attacked well and defended well to get the maximum points with a clean sheet,” he added.

Ogunmodede further stressed that winning had always been central to his coaching philosophy, noting that his ambition to secure victories had remained unchanged throughout his career.

“It is part of my job to win. I like winning because that is what I am paid for. For three decades now, winning has always been my motive,” he said.

Meanwhile, Nasarawa United assistant coach Stephen Moga has praised his players following their impressive 2-0 away victory over Inter Lagos.

Kelechi Ogbobo opened the scoring for Nasarawa United in the 11th minute, while Ugochukwu Leonard extended the visitors’ lead five minutes later.

The victory lifted Nasarawa United, managed by Mbwas Mangut, to sixth position on the NPFL table.

Speaking to the club’s media, Moga explained that the team had been working towards achieving its objectives in both domestic and continental competitions.

“We have been strategising to get the results we desire so that we can achieve our targets, both in the league and on the continent,” he said.

He identified clinical finishing as a crucial factor in the team’s quest to meet its targets.

“To achieve your targets, you need to convert your chances and stay ahead of your opponents,” Moga added.

The assistant coach also expressed confidence that Inter Lagos would recover from the setback, insisting that the hosts possessed enough quality to improve their league position.

Nasarawa United are scheduled to host Enyimba in a Matchday 10 fixture on Sunday.

Ogunbote Disappointed After Plateau United Lose At Home

In another Matchday Nine encounter, Plateau United head coach Gbenga Ogunbote described his side’s 3-2 home defeat to Sporting Lagos as a disappointing setback after his team surrendered its advantage.

The loss ended Plateau United’s run of four consecutive home victories this season and handed Sporting Lagos a significant result on the road.

Aliyu Baba put Sporting Lagos ahead in the 10th minute before Victor Dawa scored twice to give Plateau United a 2-1 lead at half-time.

However, Victor Samuel restored parity for the visitors in the 53rd minute before Plateau United were reduced to 10 men with 10 minutes remaining.

Aondona Adeede then scored in the 82nd minute to complete Sporting Lagos’ comeback and secure all three points.

The victory moved Sporting Lagos to third place on the table with 15 points, one point ahead of Plateau United, who have accumulated 14 points.

Reacting to the defeat, Ogunbote admitted that his team failed to protect its lead but insisted that his players had given their best despite the disappointing outcome.

“I think it was a difficult one for us; I won’t say complacency because the boys put in their very best. Unfortunately, we gave up the lead, and things fell apart,” he said.

The Plateau United manager acknowledged Sporting Lagos’ performance and described the defeat as an early warning for his team as the season progresses.

“This is week nine; unfortunately, nobody wanted to lose the game, but we lost. Even a draw would have still been termed as a loss to us,” he said.

He added, “But as I did say, it’s good it happened early so that it would make every one of us wake up to know that we have not gotten there yet.”

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₦7.7 Trillion Debt Interest Warning: Federal Government Challenges World Bank.

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The Federal Government has defended Nigeria’s debt position, insisting that rising revenue and ongoing economic reforms demonstrate progress despite concerns raised by the World Bank over the ₦7.7 trillion spent on interest payments in the first half of 2026.....KINDLY READ THE FULL STORY HERE▶

The government rejected the World Bank’s assessment that interest payments amounted to 124 per cent of federal revenue between January and June 2026, describing the figure as misleading because it relied on incomplete revenue data and included debt obligations serviced on behalf of state governments.

The Federal Ministry of Finance outlined its position in a statement issued on Sunday and shared on X by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.

The response followed the World Bank’s October 2026 Nigeria Development Update, which raised concerns about the country’s growing debt-servicing burden.

According to the ministry, Nigeria’s financial position has improved because government revenue is increasing at a faster rate than interest expenses.

The ministry identified three reasons it believes the World Bank’s 124 per cent figure should not be used in isolation to assess the country’s debt sustainability.

First, it argued that the interest payments included obligations the Federal Government services on behalf of other levels of government, including external loans obtained by state governments. Comparing these payments with federal revenue alone, it said, creates a misleading picture because the figures cover different levels of government.

Second, the ministry maintained that the revenue figure used in the calculation was incomplete because it excluded funds already earned by government agencies and enterprises but not yet remitted to the Treasury.

Third, it explained that some taxes are collected predominantly in the second half of the year because of statutory payment schedules, making first-half revenue an incomplete basis for evaluating the government’s annual debt obligations.

The ministry noted that the interest-to-revenue ratio declined from 156 per cent in the first half of 2025 to 124 per cent during the corresponding period in 2026.

It added that Nigeria’s full-year debt-service-to-revenue ratio stood below 60 per cent in 2025, compared with 97 per cent before the current administration introduced its economic reforms.

The Finance Ministry disclosed that Federal Government revenue rose by 72 per cent between the first half of 2025 and the first half of 2026.

According to the figures released, revenue increased from ₦3.6 trillion to ₦6.2 trillion during the period.

Interest payments, meanwhile, rose by 38 per cent, from ₦5.6 trillion to ₦7.7 trillion.

The ministry argued that the figures demonstrate that revenue is growing considerably faster than the cost of servicing debt.

It also stated that the difference between interest payments and revenue narrowed from ₦2 trillion in the first half of 2025 to ₦1.5 trillion in the first half of 2026.

The statement read, “Revenue is therefore growing almost twice as fast as interest costs. As a result, the interest-to-revenue ratio fell by 32 percentage points in a single year, from 156% to 124%.”

The ministry described the development as evidence that the government’s economic reforms were yielding results rather than an indication that the country’s finances were in distress.

The Finance Ministry further argued that Nigeria’s debt sustainability should be assessed using full-year figures rather than data covering only six months.

It cited the World Bank’s projection that Nigeria’s total debt service, covering both interest and principal repayments, would account for 46 per cent of revenue for the full year in 2026.

The ministry described the projection as a more appropriate measure for evaluating the country’s debt position.

It also maintained that all Federal Government borrowing remained within the limits approved by the National Assembly under the 2026 Appropriation Act and the approved borrowing plan.

According to the ministry, the government’s borrowing activities comply with the Fiscal Responsibility Act 2007 and the Debt Management Office (Establishment) Act 2003.

It added that information on government borrowing is regularly published by the Debt Management Office.

While acknowledging the importance of public scrutiny of government finances, the ministry urged analysts and commentators to assess the figures within their proper context.

It advised those evaluating Nigeria’s debt position to compare figures covering the same level of government and account for the timing of revenue collection before reaching conclusions about the country’s fiscal health.

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Yahaya Bello Targets Natasha Akpoti, Vows To Prove His Strength In 2027.

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Former Kogi State Governor, Yahaya Bello, has expressed confidence in his chances of defeating Senator Natasha Akpoti-Uduaghan in the 2027 Kogi Central senatorial election.....KINDLY READ THE FULL STORY HERE▶

Bello, who is seeking a seat in the Senate to represent the district, predicted a decisive victory in the forthcoming election scheduled for January 16, 2027.

The former governor is a member of the All Progressives Congress (APC), while Akpoti-Uduaghan currently represents Kogi Central in the Senate under the Peoples Democratic Party (PDP).

Speaking during an appearance on TVC’s Sunday Politics, Bello expressed confidence in the level of support he believes he enjoys among voters in the senatorial district.

He maintained that the election results would demonstrate his political strength, predicting that the APC would secure a convincing victory when voters head to the polls.

Bello also declared his readiness for the contest, insisting that he expected the votes to favour him and his party.

He said, “17 January 2027 is around the corner, the result will speak for itself. Let the day come and go, the day will bring massive votes, a decisive victory for Yahaya Bello, the former governor of Kogi State, and for APC.”

The anticipated contest comes against the backdrop of a longstanding rift between Bello and Akpoti-Uduaghan, whose relationship has been characterised by public disagreements, accusations and legal disputes.

In October 2022, Bello accused Akpoti-Uduaghan of having links to the Ajaokuta killings and the Kuje prison break, incidents that occurred between June and July of that year.

However, the senator rejected the allegations, stating that she was in the United States during the period for pregnancy-related reasons and childbirth.

The planned 2027 election is expected to be a closely watched political contest in Kogi Central, with Bello seeking to unseat the incumbent senator and secure the district’s representation for the APC.

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