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FG, Labour Clash Over How Fuel Subsidy Savings Were Spent

The Federal Government and organised labour have disagreed sharply over how savings from the removal of fuel subsidy have been utilised, with the government linking the funds to debt servicing, higher workers’ wages and student support. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the savings had helped the government meet...
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SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

The Socio-Economic Rights and Accountability Project (SERAP) has instituted legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) over what it describes as the company’s failure to properly explain ₦211 trillion recorded in its 2023 audited financial statements. The lawsuit, filed before the Federal High Court in Abuja, challenges financial entries listed as “Sundry...
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Bode George Urges NJC to Safeguard PDP Judiciary Independence

Former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Bode George, has called on the National Judicial Council (NJC) to protect the independence, integrity and credibility of Nigeria’s judiciary, warning that recent developments surrounding the party’s leadership dispute could undermine public confidence in the nation’s justice system. In an open letter addressed to...
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Senate Advances Foreign Aid Management Bill to Boost Transparency

The Senate has passed the Foreign Aid Management Bill for second reading, moving forward with proposed legislation designed to strengthen transparency, accountability and coordination in the management of foreign assistance, grants, donations, humanitarian support and concessional financing in Nigeria. The bill, sponsored by Senator Ibrahim Hassan Dankwambo (PDP, Gombe North), seeks to establish a comprehensive...
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Reps Summon NSA, Foreign Affairs Minister Over PFIPC Investigation

The House of Representatives Ad-hoc Committee probing the alleged establishment and operations of the Presidential Foreign Investment Promotion Council (PFIPC) has summoned the National Security Adviser (NSA) and the Minister of Foreign Affairs to explain how the council allegedly continued operating despite questions surrounding its legal status. The lawmakers said the PFIPC Investigation seeks to...
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Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into outstanding oil revenue debt owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies. The liabilities under investigation have been put at N432.07 billion. The probe followed findings contained in...

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into an oil revenue debt of N432.07 billion owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies. The investigation followed findings contained in the Auditor-General’s annual audit reports, which identified...

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