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Calls for Investigation into Nigeria National Petroleum Company Amid Fuel Price Hikes
Calls for Investigation into Nigeria National Petroleum Company Amid Fuel Price Hikes....KINDLY READ THE FULL STORY HERE▶
Concerns over rising fuel prices in Nigeria have prompted a public affairs analyst from Bauchi State, Sabo Muhammad, to urge President Bola Ahmed Tinubu to suspend the management of the Nigeria National Petroleum Company Limited (NNPCL) and conduct a comprehensive investigation into its operations.
During an exclusive interview, Muhammad expressed the need for a forensic audit of the NNPCL’s accounts. He highlighted that many stakeholders in the energy sector have long advocated for such an investigation, emphasizing that the lack of accountability and management issues within the company must be addressed.
Muhammad stated, “This has not been done under former President Muhammadu Buhari, and I think the present administration should take the bull by the horns to ensure we have a clean account at NNPCL. Allegations of financial misappropriation and management deficiencies are serious concerns.”
The analyst criticized the NNPCL’s management under Mele Kyari, which has failed to fulfill promises regarding fuel storage and operational improvements. He called for a new management team that could bring fresh ideas and vision to resolve ongoing issues in the energy sector.
“Things have not been normal; everything is stagnant,” Muhammad noted. “As a patriotic Nigerian, I am joining the call for a thorough investigation, which can only occur when the current management is suspended and interim leaders are appointed.”
Expressing frustration over the recent fuel price increase, he described the government’s actions as “highly insensitive and irresponsible.” Muhammad argued that this situation has opened avenues for the opposition to criticize the current administration.
“Nigerians have been pushed to the wall,” he added. “The soaring inflation caused by the hike in petrol prices necessitates a rethinking and intervention from the federal government.”
He contended that relying solely on market forces in the oil sector is inappropriate given the current economic climate. “Nigeria is blessed with mineral resources, and its citizens should benefit from this natural endowment,” Muhammad said, urging policymakers to avoid comparisons with developed nations that have robust institutions and transparency.
As an experienced businessman and politician, he advised President Tinubu to act swiftly or risk backlash during the 2027 general elections due to unpopular policies.
Muhammad also criticized the government’s decision to designate the NNPCL as the sole buyer of Dangote refined petrol, arguing that this undermines a competitive market. “This monopolistic approach does not align with a liberal economy where multiple competitors should have the opportunity to participate,” he stated.
He warned that allowing the NNPCL to monopolize the purchase of Dangote’s refined petrol would be detrimental to both the economy and the general populace. Muhammad emphasized that government policies could impact the fortunes of the All Progressive Congress (APC) in upcoming elections.
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SHOCKING DEFEAT: Retired General Loses Battle To Reclaim Multi-Million Naira Assets!.
The Lagos Division of the Court of Appeal has dismissed the appeal filed by retired Major General Emmanuel Jebe Atewe, upholding the final forfeiture of his numerous properties and assets to the Federal Government.....KINDLY READ THE FULL STORY HERE▶
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Unanimous Decision: In a virtual unanimous ruling, a three-member panel led by Justice Boloukuromo Ugo held that the appeal lacked merit and ruled entirely in favor of the Economic and Financial Crimes Commission (EFCC), affirming the May 5, 2023 judgment previously delivered by Justice C. J. Aneke of the Federal High Court.
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Inapplicability of Armed Forces Act: The court rejected Atewe’s reliance on Section 123 of the Armed Forces Act and precedent cases, clarifying that the provision strictly applies to serving military personnel and does not protect retired officers like Atewe.
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Civil Forfeiture Status: The justices emphasized that the forfeiture proceedings are civil actions targeting the properties directly, rather than criminal trials against Atewe. Furthermore, the court ruled that civil forfeiture can run independently alongside pending criminal charges.
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Failure to Prove Legitimate Source: The court noted that Atewe failed to provide documentary evidence or sufficient details to back up his claim that the properties were acquired legitimately through honoraria.
Background on the Seized Assets:
The case stems from an EFCC investigation alleging the diversion of over ₦8.5 billion from the Nigerian Maritime Administration and Safety Agency (NIMASA) via Operation Pulo Shield, which were funneled through companies and proxies to acquire the properties.
The permanently forfeited assets include:
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₦3.97 million in cash
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Multiple plots of land in Abuja (Jahi, Sabon Lugbe, Kuje, and the Outer Northern Expressway)
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A 50-hectare farmland in Kuje
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A parcel of land at Yenagoa Gardens, Bayelsa State
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30,000 MTN shares managed by Stanbic IBTC Asset Management Limited
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Various other landed properties
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It Is A True Honour To Stand With You – Trump Praises Tinubu
United States President Donald Trump has lauded Nigerian President Bola Ahmed Tinubu for his resolute leadership in addressing national security challenges and terrorism, specifically highlighting violence directed at Christian communities.....KINDLY READ THE FULL STORY HERE▶
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The Letter: In a July 6, 2026 letter released by Special Adviser Bayo Onanuga, Trump praised Tinubu’s determination and expressed pride in standing alongside Nigeria to foster a stronger, more prosperous nation.
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Strategic Alliance: Trump emphasized the importance of the US-Nigeria partnership amid rising global conflicts, pointing to the mutual commitment to eradicate terrorism through frameworks like the U.S.-Nigeria 2026 Defence Cooperation Roadmap.
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Military Assistance: To bolster local security, Trump noted the deployment of elite U.S. Special Operations Forces to train and equip the Nigerian Armed Forces, focusing on safeguarding citizens and vulnerable faith communities.
Recent Security Collaborations and Diplomatic Visits:
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Joint Operations: Enhanced cooperation through a shared National Security Advisor-led working group has yielded results, including a May 16 joint operation in the Lake Chad region that neutralized a high-ranking terrorist commander, Abubakar Al-Minoki, alongside several associates.
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Diplomatic Engagements: Further reinforcing bilateral ties, U.S. Assistant Secretary of State for Africa Frank Garcia visited Abuja last week to hold discussions with top Nigerian officials regarding expanded security and mutual collaboration.
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“I Am Stubborn And Impatient!” Rauf Aregbesola Drops Massive Bombshell Ahead Of Osun 2026
During a visit to the palace of the Ooni of Ife, Oba Adeyeye Ogunwusi, ahead of the African Democratic Congress (ADC) campaign rally, ADC National Secretary Rauf Aregbesola endorsed Hon. Najeem Salam as the ideal candidate for the upcoming August 15 Osun State governorship election.....KINDLY READ THE FULL STORY HERE▶
A Contrast in Temperament
Addressing the indigenes of Ile-Ife, the former Minister of Interior and Osun State Governor candidly contrasted his own personality with that of Salam, acknowledging his own limitations while praising the candidate’s exceptional composure.
“Our guber candidate is perfectly created; I am a bit stubborn… my patience is also limited; I have it, but it is not immense. But who we are presenting is full of patience,” Aregbesola noted.
He highlighted that Salam holds the traditional title of “Iwaloye” in Ejigbo—meaning “character is prime”—which he described as a true reflection of the candidate’s demeanor. Emphasizing Salam’s remarkable restraint, Aregbesola humorously added, “If you slap him on his face, he will gently massage the spot and not retaliate, unlike me.”
A Symbolic Return to Ile-Ife
Explaining the purpose of his visit, Aregbesola stated that he came to present the ADC flagbearer to the monarch and seek the blessings and support of the people of Ile-Ife. He reaffirmed his deep political ties to the ancient city, noting that it has consistently served as the launchpad for his political campaigns, both past and present.
However, the former governor did not shy away from political critique, expressing dissatisfaction with how his successor managed Ile-Ife after he left office.
Looking Ahead to Continuity and Progress
Expressing total confidence in Salam, Aregbesola believes the ADC candidate possesses the character and leadership temperament required to govern effectively. He voiced optimism that Salam would revive administrative momentum and drive further development in the state:
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“I am sure that he will adopt a governance style that will start from where my administration stopped, and he will surpass the feats I achieved in the state.”
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