NNPCL’s Debts to FG, States Hit N1.055trn in Six Months Pipeline security, maintenance gulp N8.35bn in one month Saudi Aramco’s revenues surge 90%, climb to $48.4bn in Q2
Emmanuel Addeh in Abuja The total debts owed by the Nigerian National Petroleum Company Limited (NNPCL) to the federal and state governments have hit N1.055 trillion in the first
six months of 2022, new data from the national oil company has indicated. Information obtained by THISDAY on the last presentation to the Federation Account Allocation Committee (FAAC),
indicated that the company’s inability to pay any money this year increased the debts to over N1 trillion. Asked about what would happen to the backlog of debts owed the federation on the day
the NNPC officially unveiled its new logo and turned commercial in July, NNPCL Group Chief Executive Officer (GCEO), Mr. Mele Kyari had stated that the old NNPC owed the debts and not the new company.
It was still unclear whether the president, governors and local government heads, who jointly own the federation account would agree to wipe off the debts since the national oil firm has now been commercialised.
The NNPCL had blamed the current subsidy regime which was expected to gulp N4 trillion this year and its inability to produce its Organisation of Petroleum Continued on page 6
FG: $400m Required to Complete Abandoned Millennium Tower...
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Peterside: First Year of Nigeria’s Next President May Be about Blood, Sweat, Tears...
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Police Launch Grand Offensive against Criminals Nationwide Orders tight security around schools, hospitals, public infrastructure NAF fighter jets hit terrorists enclave in Niger
Kingsley Nwezeh, Adedayo Akinwale, Sunday Aborisade in Abuja, John Shiklam in Kaduna and Hammed Shittu in Ilorin
Inspector-General of Police (IGP), Usman Baba, at the weekend, ordered the deployment of
watertight security arrangements to cover all schools, hospitals, health workers, and critical national infrastructure across the country.
This was contained in a statement signed by Force Public Relations Officer, Chief Superintendent of Police (CSP) Olumuyiwa Adejobi.
Baba also ordered regular patrols, stop-and-search, raids, and show of force by tactical commanders to clamp down on crime and
criminality in the country. The IGP directed Assistant Continued on page 6
Wike’s Camp Insists Ayu’s Ouster Irreducible Condition for Peace Demands to pick choice of successor Urges Mark to speak up since he’s with chairman's
resignation letter Atiku paints gloomy picture of Nigeria, describes current statistics as grim, disappointing PDP group dismisses Tinubu's presidency as Buhari's third term Chuks Okocha in Abuja Supporters of the Rivers State governor, Mr. Nyesom Wike, in the Peoples Democratic Party (PDP) have given an “irreducible minimum condition” for reconciliation in the faceoff between them and the leadership of the main opposition party. The pro-Wike camp said the PDP national chairman, Dr. Iyorchia Ayu, must go, insisting also that they should be allowed to choose his successor. The supporters of the Rivers State governor urged former Senate President David Mark to speak up on the post-presidential primary election crisis. They alleged that Mark was with Ayu’s letter of resignation. Those demands came ahead Continued on page 6
ONE YEAR MEMORIAL LECTURE IN HONOUR OF CAPTAIN OKUNBO... L-R: Executive Director Pipeline Infrastructure Nigerian Limited, Mr. Osahon Okunbo; Chairman of the occasion and former President of Nigeria Goodluck Jonathan; his wife, Mrs. Patience Jonathan, and Former Governor of Edo State, Mr. Adams Oshiomhole, during the one-year memorial lecture in honour of late Captain Hosa Okunbo in Abuja...weekend KINGSLEY ADEBOYE
Audit Report: Senate Probes NSITF over N17.128bn Unexplained Spending...
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