Connect with us

News

Senate Flays FG For Spending N11tn On Subsidy In Six Years

Published

on

The Senate on Thursday flayed the payment of N11tn to oil marketers as subsidy in the last six years, stressing that the development, if not halted, could kill the nation’s economy.

The upper chamber took the decision while considering the report of its Committee on the Downstream Petroleum Sector.

The Chairman of the committee, Kabir Marafa, had while presenting the report, told his colleagues that Nigeria spent over N11tn to pay outstanding subsidy claims in the last six years.

The development came just as the upper chamber, on Thursday, approved the payment of additional N129bn subsidy claims to 67 petroleum marketers.

The Senate had earlier on Tuesday approved the payment of N68.9bn as subsidy claims to 20 petroleum marketers.

Marafa’s report read in part, “That due to the scarcity of forex within the period, oil marketing companies were allowed to source forex outside the CBN rate to enable them to meet the country’s petroleum products demand.

“That NNPC Retail get their petroleum product allocation directly from PPMC at an already subsidised rate and so does not require forex to transact its business.”

Some of the oil marketers and the amount approved for them include Total Nigeria Plc, N13.7bn; Northwest Petroleum, N11.4bn;  Masters Energy, N10bn;  MRS Oil Plc, N8.8bn;  and Sahara Energy, N8.4bn.

Others are MRS Oil & Gas Limited, N6.3bn, Nipco Plc, N4.2bn; Forte Oil, N3.9bn; DEEJONES Petroleum & Gas, N4.1bn; and Emadeb, N4bn, among others.

The senators, before approving the payment, berated the Federal Government for paying subsidy to oil marketers over the years without the Senate’s approval.

Senator Barnabas Gemade wondered why the Federal Government and the anti-graft agencies had failed to convict any of the oil marketers who were indicted in the illegal subsidy claims.

He noted with regret that the government had not done enough in bringing the owners of the affected 50 oil firms to justice many years after their prosecution.

He said, “What has happened to those who defrauded the nation? I believe that the 9th Senate will do justice to know what has happened to this money.”

Gemade also reminded the President Muhammadu Buhari-led government of its pledge to stop subsidy payment when it came into power in 2015.

He said, “The government should stand by its words. If the government fails to end the subsidy regime, it will kill the Nigerian economy.”

Others who contributed and condemned the subsidy payment were Senators Bassey Akpan, Victor Umeh and Mathew Uroghide.

Umeh said, “If we continue to hope that one day this subsidy will end, we are deceiving ourselves. What would Nigerians face after this payment of arrears?”

“People in government have refused to face the problem. Everyone is depending on oil revenue and yet no functional refineries have been set in place.

“The government should be able to plan to build five refineries; why can’t we use the money we get from the sale of our crude to build refineries?

“The government should give us a programme to enable us to have four functional refineries in five years.

“Exchange rates are not the problem, but our inability to do what others are doing is the main issue.”

Uroghide, in his  contribution, said, “Government should be serious in their policies and not be directionless in executing these policies.”

The Deputy Senate President, Ike Ekweremadu, said, “I hope that the next Assembly will be able to sit with the Executive to address this issue and resolve it without creating unnecessary tension.

“The NNPC needs to also caution itself so that it does not encroach on the appropriation responsibility of the National Assembly.

“We need to do something about the provisions of refineries in our country – it is not rocket science. Even if it does not resolve the issue of subsidy, we would have gone a long way in addressing it.”

The breakdown showed that N10.8bn was approved as subsidy claim to Tanzila Petroleum Company, while N58.1 bn was okayed for 19 oil marketing companies.

Meanwhile, the Senate has adjourned till June 6 for its valedictory session.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

CP Deploys Tactical Squad As Gunmen Abduct Nine Catholic Church Worshippers in Benue

Published

on

By

Gunmen have abducted nine worshippers of Saint John’s Catholic Church, Ojije, Utonkon District of Ado Local Government Area in Benue State.

The victims were reportedly whisked away on Sunday during a vigil in the church premises.

A former councilor representing Ukwuenyo Ward in the Ado Local Government Legislative Council, Emmanuel Udah, reportedly confirmed the incident on Monday.

Udah described the abduction as “a targeted and planned crime against the Church, when innocent worshippers were at the most sacred ground, a place of worship, a place for peace, and refuge, only to be abducted, while praying, vulnerable and unarmed”.

He explained that people of the area were traumatized by the incident, adding that they no longer feel safe.

Udah, therefore, urged the authorities to beef up security and nip the continuous attacks in Benue State in the bud.

He lamented what he described as the growing sense of abandonment by government at all levels, even after many such incidents had been reported across communities in Benue.

“The people of Utonkon are living in fear, families are broken, children are traumatized, farmers, traders, worshippers, are all trapped as no one feels safe anymore in our land.

“This incident is not isolated; it reflects a growing pattern of insecurity that rural communities in Benue State continue to endure in silence and neglect. We are raising our voices because silence will kill us all,” the former councilor stated.

While calling on the government to do all it can to rescue the nine worshippers abducted from Saint John’s Catholic Church, Ojije, Udah urged the Church and international community to rise up in defence of the persecuted.

“Religious bodies, civil society organizations, human-rights groups, and the international community should speak out and stand with us.

“We are not asking for sympathy alone. We are asking for attention, protection, and justice. Let the world know that Utonkon matters,” he added.

Spokesperson of the Benue State Police Command, Udeme Edet, confirmed that indeed nine worshippers were abducted.

She noted that the Commissioner of Police, Ifeanyi Emenari, has deployed tactical units working with local vigilantes to track down the abductors and rescue the victims, noting that the police are on the trail of the perpetrators of the attack.

Continue Reading

News

Tinubu Orders Reopening of Tsamiya Border with Benin

Published

on

By

President Bola Ahmed Tinubu has approved the reopening of the Tsamiya border between Kebbi State and the Republic of Benin to boost socio-economic activities between the two countries.

The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, stated this during a stakeholders’ meeting in Kebbi State.

He said the President had approved for the transit of commercial trucks from Kebbi State into the Benin Republic, “without compromising national security.”

Comptroller Adeniyi explained that the reopening would facilitate the movement of goods and support legitimate trade, adding that measures were being put in place to allow the passage of about 2,000 trucks that had been stranded at the border for several months.

The Comptroller-General commended the contributions of retired Director of the Nigeria Customs Service and former Comptroller-General, Abubakar Musa Garkuwan Yauri, a native of Kebbi State, for his distinguished service.

Also speaking, Governor Nasir Idris said the Kebbi State Government would provide social amenities and critical infrastructure at the Tsamiya border to ensure smooth trade flow between Nigeria and the Benin Republic.

He praised President Tinubu for reopening the Tsamiya–Sagbana border crossing, describing the move as a major boost to economic and commercial activities.

“Kebbi State thanks President Bola Ahmed Tinubu for reopening the Tsamiya border and making it functional. The President keeps his promises and has demonstrated sincerity by authorising this reopening for the economic prosperity of both nations,” Governor Idris said.

He assured that the state government would fulfil its responsibilities to ensure efficient border operations and provide the necessary infrastructure after consultations.

Governor Idris also commended the Comptroller-General for transforming the Nigeria Customs Service, adding that Kebbi State would remain a customs-friendly state and continue to value its serving and retired customs officers.

Meanwhile, the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, said President Tinubu’s economic reforms were beginning to improve the national economy, with benefits expected to reach grassroots communities.

The meeting was attended by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu; a representative of the National Security Adviser; heads of security agencies; senior officers of the Benin Republic Customs Service; and the Kebbi State Governor, Nasir Idris.

Continue Reading

News

Daredevil Smugglers Kill Customs Officer in Ogun

Published

on

By

The Federal Operations Unit (FOU) Zone A of the Nigeria Customs Service has confirmed the death of one of its officers, Assistant Superintendent of Customs (ASC I) Mustapha Akiyode, who was killed during an ambush by suspected smugglers in Ogun State.

Akiyode was shot in the line of duty in the early hours of Tuesday, February 3, 2026, along the Ilara–Ijoun axis in Imeko-Afon Local Government Area while participating in an anti-smuggling operation.

The Comptroller of FOU Zone A, Gambo Aliyu, disclosed this during his maiden press briefing at the Unit’s headquarters in Ikeja, Lagos, describing the incident as a painful loss and a stark reminder of the dangers faced by officers enforcing Nigeria’s borders.

Aliyu said the fallen officer paid the supreme price while defending the country against economic sabotage, adding that the Unit remains resolute despite the tragic incident.

“We lost a brave and committed officer in the course of duty. His sacrifice will not be forgotten, and it strengthens our resolve to intensify the fight against smuggling,” the Comptroller said.

During the briefing, Aliyu unveiled a renewed intelligence-driven anti-smuggling strategy aimed at dismantling smuggling networks, improving operational efficiency, and strengthening border security across the South-West corridor.

He said the strategy, which relies on intelligence gathering, targeted surveillance, and coordinated operations, has already produced significant results within a short period of implementation.

According to him, officers of the Unit intercepted 144 smuggling attempts involving prohibited and uncustomed goods across its area of responsibility.

Items seized include 6,954 bags of foreign parboiled rice, 77 bags of foreign sugar, 21 used vehicles, 3,362 jerrycans of vegetable oil, 20,700 litres of premium motor spirit (PMS), 915 bales of used clothing, and 581 used refrigerator compressors classified as hazardous waste under Nigerian law and international conventions.

Also intercepted was a 20-foot container loaded with stone-coated aluminium roofing sheets.

Aliyu said the seizures reflect the Unit’s renewed determination to disrupt smuggling syndicates and protect the Nigerian economy.

“Upon assumption of duty, I made it clear that we would confront smugglers with renewed vigour, professionalism, and strict adherence to the rule of law and respect for human dignity,” he said.

In a major breakthrough against narcotics trafficking, the Comptroller revealed that the Unit intercepted 3,029 parcels of a synthetic strain of cannabis indica weighing about 1,431 kilograms.
He said the seizure significantly disrupted drug supply routes within the Command’s operational corridor.

Aliyu warned that drug trafficking poses serious threats to national security, noting that proceeds from the illicit trade often fuel banditry, terrorism, and other violent crimes.

“Drug trafficking emboldens criminal elements, erodes societal values, and destabilises the nation. Those involved should abandon this path and embrace legitimate trade, as our resolve to enforce the law remains firm,” he said.

Eight suspects were arrested in connection with the various seizures. The combined Duty Paid Value of the intercepted items was put at N3.31 billion.

In line with inter-agency cooperation, the seized cannabis was handed over to the National Drug Law Enforcement Agency (NDLEA) for further investigation and prosecution.

The NDLEA, Aliyu said, commended the Customs Service for its professionalism and assured that the drugs would be disposed of in accordance with legal procedures.

The Comptroller concluded by reaffirming the Unit’s commitment to intelligence-led operations, improved officer safety, and sustained collaboration with sister security agencies to combat smuggling and related crimes.

Continue Reading

Trending