Unreconciled Federation Funds: FAAC Awaits NNPC on $42.37bn, OAGF on N2tn Pending Payments Alleged unpaid monies cover 2011 to 2017 Ad-hoc c'ttee tasks national oil firm to account for exploration fund since 1999
Emmanuel Addeh in Abuja The Federation Accounts
Allocation Committee (FAAC) has raised fresh concerns over huge unreconciled revenues,
disclosing that more than $42.37 billion allegedly due from the Nigerian National
Petroleum Company Limited (NNPC) to the Federation Account remains unresolved.
At the same time, the Office of the Accountant-General of the Federation (OAGF)
has been tasked to account Continued on page 5
Tinubu to Declare 2025 Editors’ Annual Conference Open...
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Monday, Monday, September January22, 6, 2025 Vol Vol29. 30.No No10865. 11124. Price: N400
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UK, Canada, Australia, Others Announce Recognition of State of Palestine, More Israeli Allies to Follow Emmanuel Addeh in Abuja
FOR UNITED REGULATION IN AFRICA...
L-R: Chairman, Senate Committee on Petroleum Upstream, Senator Eteng Williams; Director General of Petroleum and low carbon Hydrogen (DGPH), Mauritania, Chemsdine Sow Deina; Convener, Africa Oil Week, Paul Sinclair; (next is a man I cannot identify), CEO, Sudan Exploration and Production Authority, Alsadig Mahmoud Gabir; CEO, Ghana Petroleum Commission, Victoria Hardcastle; CCE, Nigerian Upstream Petroleum Regulatory Commission, Engineer Gbenga Komolafe; and Deputy Director-General Gambia Petroleum Commission, Kanni Touray; at the signing of the African Petroleum Regulators Forum (AFRIPERF) charter in Accra on September 18, 2025.
A wave of Israel’s allies have announced their recognition of the state of Palestine, as part of a wider manoeuvre designed to ostracise Continued on page 5
El-Rufai: Tinubu Planning Life Presidency, Not Genuine Democrat Reno Omokri: I love Jonathan, but I will support Tinubu in 2027
ZENITH BANK NBBF WOMEN’S BASKETBALL LEAGUE...
See story on page 5
L-R: NBBF Board Member, Alhaji Abba Kaka (3rd Left); Executive Director, Zenith Bank Plc, Mr. Henry Oroh (4th Left); Executive Director, Mrs. Adobi Nwapa (5th Left); NBBF President, Engr. Ahmed Musa Kida (6th Left); Group Managing Director/CEO, Zenith Bank Plc, Dame Dr. Adaora Umeoji, OON (6th Right); Chairman, National Sports Commission, Alhaji Shehu Dikko; Chairperson, Zenith Bank NBBF Women Basketball League 2025, Ms. Perpetual Clement; Executive Director, Mr. Akin Ogunranti; and Executive Director, Mr. Adamu Lawani with the players and coaches of Dolphins Basketball Team, Winners of the Final of the 2025 Zenith Bank NBBF Women’s Basketball League held at the Indoor Sports Hall of the National Stadium, Surulere, Lagos, at the weekend