Breaking News
JUST IN: Nigerian National Petroleum Company Limited (NNPCL) Under Scrutiny For Spending £14 Million On London Office
The Nigerian National Petroleum Company Limited (NNPCL) is facing intense scrutiny over its financial practices following the release of the Auditor-General’s 2022 audit report, which flagged a failure to account for £14.3 million spent on its London office during the 2021 financial year.....TAP TO CONTINUE READING
The Auditor-General’s report, which contains interim observations, detailed significant regulatory failures and a disregard for due process and accountability standards.
The audit observed that a total of £14,322,426.59 was expended by the London Office on personnel costs, fixed contracts, and other operational expenses.
However, audit officials were reportedly: Not provided with the necessary documents or supporting schedules; Not allowed to confirm how the funds were utilized; Unable to ascertain whether the expenditures were made in line with due process and economy.
The transaction, the report noted, contravenes Paragraph 112 of the Financial Regulations (FR) (2009), which states: “The functions of the Accounting Officer shall include: …(i) ensuring internal guides, rules, regulations, procedures are adequately provided for the security and effective check on the assessment, collection and accounting for revenue.”
Furthermore, Paragraph 415 of the FR (2009) states: “The Federal Government requires all officers responsible for expenditure to exercise due economy. Money must not be spent merely because it has been voted.”
Similarly, Paragraph 603(1) of the FR (2009) states: “All vouchers shall contain full particulars of each service such as dates, numbers, quantities, distances and rates, to enable them to be checked without reference to any other documents and will invariably be supported by relevant documents such as local purchase orders, invoices, special letters of authority, time sheets, etc.”
The Auditor-General warned that the inherent risk in such undocumented transactions includes the diversion and misappropriation of public funds, attributing the anomalies to weaknesses in the NNPCL’s internal control system.
In its defense, NNPCL management claimed that the London office operates as a service unit with an approved annual budget of £14.3 million, which was executed in line with operational and financial requirements.
The management argued that: “While the audit findings raise concerns about unaccounted expenditures, it is important to note that details of specific transactions or line items under scrutiny were not provided. Without specific references or documentation requirements, it is challenging to provide tailored evidence or clarity of particular expenditure.”
The NNPCL asserted that detailed records for personnel costs, fixed contracts, and other operational expenditures exist and could be made available upon request.
The NNPCL said: “These records can be made available upon request for audit review to verify compliance with financial regulations and ensure alignment with due process and economy.
“The NNPC remains committed to maintaining and strengthening internal control systems across all units, including the London Office, to ensure transparency, compliance with financial regulations and the prevention of anomalies in expenditure management.”
However, the Auditor-General deemed the response unsatisfactory, stating that the findings remain valid until management implements the recommendations.
According to Premium Times, the report directed the Group Chief Executive Officer (GCEO) to: Recover and remit the full sum of £14.3 million to the national treasury; If the amount is not recovered, sanctions relating to irregular payments and failure to account for public funds, as specified in paragraphs 3106 and 3115 of the Financial Regulations (2009), should apply.
The NNPCL is simultaneously facing probes over other financial irregularities detailed in the same audit report, including: Over $51 million in questionable settlements; Approximately N684 million in questionable expenditures on abandoned projects and irregular procurements; A Senate probe over N210 trillion allegedly unaccounted for between 2017 and 2023.
Read The Full Article Here Now
👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.
Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940
Breaking News
Oyo police intercepts truck conveuing explosives in Saki
The Oyo State Police Command has announced an operational success recorded following an intelligence-led operation.....TAP TO CONTINUE READING
Acting on credible intelligence, operatives of the Command intercepted a truck conveying materials suspected to be explosive devices during a stop-and-search operation in Saki, Oyo State. The truck and the suspected materials were promptly secured and are currently in police custody.
Upon receiving a briefing on the development, the Commissioner of Police, Oyo State Command, CP Femi Haruna, immediately ordered a comprehensive investigation into the matter.
Consequently, specialised personnel of the Explosive Ordnance Disposal (EOD) Unit and the Chemical, Biological, Radiological and Nuclear (CBRN) Unit were deployed to safely secure the items for safekeeping and forensic examination. Detailed forensic analysis has since commenced, alongside a thorough and robust investigation to determine the exact nature of the items and their intended use.
The truck driver has been taken into custody and is cooperating fully with investigators as efforts continue to unravel all the circumstances surrounding the incident.
The Commissioner of Police commended the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, for his unwavering support, strategic leadership, and continued provision of operational guidance that enhance proactive, intelligence-driven policing across the country.
Read The Full Article Here Now
👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.
Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940
Breaking News
Benue: Armed bandits kill motorcyclist, injure woman in Apa LGA
One person has died and another sustained injuries following an assault by suspected armed bandits in Apa Local Government Area of Benue State.....TAP TO CONTINUE READING
According to sources, the attack took place on January 24 around 4:00 p.m. along the Amoke–Odugbo road in Ukpogo Village, Edikwu Ward.
The victims, identified as Mr Joseph Okoh and Miss Aneh Sunday, both from Ogodumo, Adoka in Otukpo LGA, were reportedly riding a motorcycle when the assailants struck.
“They were rushed to the Comprehensive Health Centre, Ugbokpo, where Mr Okoh was confirmed dead while receiving treatment. Miss Sunday is currently admitted and responding to treatment,” the source stated.
Nigerian troops were quickly deployed to the area, and a search operation in the surrounding bushes is ongoing to apprehend the attackers.
“The Criminal Investigation Department has commenced an investigation into the incident,” the source added.
Read The Full Article Here Now
👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.
Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940
Breaking News
2026 UTME: JAMB scraps special privileges for albino candidates over malpractices
The Joint Admissions and Matriculation Board has scrapped special concessions and registration procedures previously granted to candidates with albinism for the 2026 Unified Tertiary Matriculation Examination, citing abuse of the privilege to perpetrate examination malpractice.....TAP TO CONTINUE READING
The Board also warned faith-based tertiary institutions to clearly declare their religious status at the point of admission, saying it is deceptive to present as secular and later impose religious rules on students.
As reported by Vanguard, these decisions were taken on Saturday at a meeting between JAMB management, led by its Registrar, Prof. Isaq Oloyede, and Commissioners for Education from the 36 states of the federation and the Federal Capital Territory, held in Ikeja, Lagos.
Oloyede said the meeting was convened to review and assess previous admission exercises.
He noted that despite safeguards introduced by the Board, some individuals remained determined to circumvent the system.
“We have stopped some concessions we gave albino candidates. This is because some are using artificial intelligence to manipulate the registration process to look like they are albinos because of the consideration we gave them.
“Last year alone, over 7,000 claimed to be albinos. We have stopped special registration procedures for albinos,” he said.
Addressing complaints from candidates admitted into some private institutions over compulsory religious instruction, Oloyede urged faith-based schools to be transparent.
“Faith-based institutions should declare from the onset what they are, so that whoever applies there will know what he is going to meet there. But some don’t do that. They will pretend to be secular, but once students are admitted, trouble will begin over religious instruction and injunctions.
“If you are a faith-based institution, say so. The law allows you to set up faith-based schools,” he said.
On last year’s UTME, where the highest-scoring candidate was later found to be a 300-level university student, the JAMB registrar said investigations showed that some undergraduates sit for the examination to change courses or assist others to secure admission.
“Students who are already in school but want to change courses and are applying again must declare and disclose their status.
“We have found that some candidates already in school are writing the examination for other candidates. Last year, the candidate who scored the highest was found to be a 300-level student in the university.
“Henceforth, any candidate found engaging in such an act, and who fails to disclose that he is already in school but wants to change course, will be disqualified and will also lose his current admission,” he said.
On admission criteria, Oloyede explained that federal government-owned institutions allocate 45 per cent on merit, 20 per cent on catchment area, 20 per cent to educationally disadvantaged states, while the remaining slots are allocated to other considerations.
“Each owner or state has the right to decide what its admission criteria will be. But for states, we encourage them to allocate at least 10 per cent to merit, regardless of where the candidates come from.
“This is to diversify the student population and admit eggheads from different communities,” he said.
He criticised some states for establishing new universities despite not fully utilising their admission quotas in existing federal institutions.
On underage candidates, Oloyede said 16 years remained the minimum admission age, noting that an attestation process was in place for exceptional cases.
“Last year, about 42,000 claimed to be underage. After evaluation, only 78 met the criteria and were admitted. We are not saying there are no talented candidates, but the figure looks outlandish,” he said.
The issue of how to engage underage candidates during a gap year divided opinions at the meeting, but a majority voted for JAMB to continue its special assessment process.
The meeting also observed that parental pressure on children to complete their education too quickly was a major contributor to the problem.
On efforts to curb examination malpractice, Oloyede said JAMB had stopped the movement of computers between Computer-Based Test centres.
“A computer registered in a particular centre will remain there and is not transferable to another centre. Some people borrow computers to get accredited and later move them around,” he said.
He dismissed claims that candidates were posted to towns they did not choose, saying personal data used for registration were drawn directly from the National Identification Number submitted by candidates.
Providing an update on the 2025 UTME, Oloyede said 974,855 candidates had so far been admitted out of about 1.95 million who sat for the examination.
He added that over N2.4 billion had been disbursed to institutions that consistently complied with JAMB’s rules over the past 10 years, and that the meeting agreed that schools producing the best candidates should be compensated.
On accreditation of CBT centres, Oloyede said the process involved teams comprising university vice-chancellors, rectors and provosts in each state.
He warned state governments against agreements with private promoters who might use centres to facilitate malpractice.
Read The Full Article Here Now
👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.
Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940
-
Breaking News5 months agoWorld’s Youngest Undergraduate is Nigerian JOSHUA BECKFORD, gained admission in Oxford University at the age of Six years
-
Breaking News3 months agoJUST IN: Finally United States President Donald Trump Revokes 80,000 Visas of Nigerians, Other Foreign Nationals
-
Breaking News5 months agoBREAKING NEWS: Woman in Trouble For Burning 7-year-old Girl’s Private Parts With Hot Knife
-
Breaking News5 months agoBREAKING NEWS: FULL DETAILS! Top Secret Leaked Why SIM Fubara Fails to Return to Government House After Reinstatement
-
Breaking News3 months agoBREAKING NEWS: Nigerian Billionaire Lawmaker Ned Nwoko, Orders Arrest of His Mother In Law Regina Daniels’ Mother, Rita
-
Breaking News5 months agoBREAKING NEWS: Federal Government Releases Proof of N25,000 Cash Transfers to 71 Million Nigerians in 8.1 Million Households
-
Breaking News5 months agoBREAKING NEWS: Another Rivers Saga: Just Reinstated Fubara Told to Sack All Sole Administrators Appointees, Seek Tinubu’s Assurance Over Impeachment
-
Breaking News5 months agoBREAKING NEWS: Finally Department of State Services (DSS) summons Sowore over post on Tinubu
