Reverse petrol price hike, probe NNPC, SERAP tells Tinubu - Newstrends
Connect with us

News

Reverse petrol price hike, probe NNPC, SERAP tells Tinubu

Published

on

President Bola Ahmed-Tinubu with SERAP

Reverse petrol price hike, probe NNPC, SERAP tells Tinubu

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “leadership position and good offices to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately reverse the apparently illegal and unconstitutional increase in the pump price of premium motor spirit (PMS), also known as petrol, across its retail outlets.”

SERAP urged him to “direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption agencies “to probe the allegations of corruption and mismanagement in the NNPC, including the spending of the reported $300 million ‘bailout funds’ collected from the Federal Government in August 2024, and the $6 billion debt it owes suppliers, despite allegedly failing to remit oil revenues to the treasury.”

SERAP said, “Suspected perpetrators of alleged corruption and mismanagement in the NNPC should face prosecution as appropriate, if there is sufficient admissible evidence, and any proceeds of corruption should be fully recovered.”

In the open letter dated 7 September 2024 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “The increase in petrol price constitutes a fundamental breach of constitutional guarantees and the country’s international human rights obligations.”

SERAP said, “Nigerians have for far too long been denied justice and the opportunity to get to the bottom of why they continue to pay the price for corruption in the oil sector.”

The letter, read in part: “Rather than pursuing public policies to address the growing poverty and inequality in the country, and holding the NNPC to account for the alleged corruption and mismanagement in the oil sector, your government seems to be punishing the poor.

“The increase in petrol price has rendered already impoverished citizens incapable of satisfying their minimum needs for survival.”

“The increase is not inevitable, as it stems from the persistent failure of successive governments to address allegations of corruption and mismanagement in the oil sector and the impunity of suspected perpetrators.”

READ ALSO:

“Corruption in the oil sector and the lack of transparency and accountability in the use of public funds to support the operations of the NNPC have resulted in persistent and unlawful hike in petrol prices.”

“Holding the NNPC to account for alleged corruption and mismanagement in the oil sector would serve legitimate public interests.”

“The increase is causing immense hardship to those less well-off. We are concerned that as the economic situation in Nigeria deteriorates, the increase in petrol price is pushing people further into poverty.”

“We would be grateful if the recommended measures are taken within 48 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government to comply with our request in the public interest.”

“Increasing petrol prices at a time when millions of Nigerians continue to face worsening economic conditions is entirely inconsistent with your government constitutional and international obligations to ensure the minimum living conditions compatible with human dignity.”

“The arbitrary increase has placed a disproportionate burden on the marginalized and most vulnerable sectors of society, particularly those disadvantaged by poverty.”

“The increase is seriously jeopardizing their living conditions, well as individuals’ physical, emotional, and individual development, and intensifying and worsening socioeconomic conditions in the country.”

“The increase constitutes a serious human rights problem because of the intensity with which it undermines the enjoyment and exercise by Nigerians of their human rights and renders their civic participation illusory.”

“The fundamental right to life includes not only the right of every Nigerian not to be deprived of his/her life arbitrarily, but also the right that he/she will not be prevented from having access to the conditions that guarantee a dignified existence.”

“The growing poverty and inequality in the country has continued to adversely affect the right of Nigerians to participatory democracy, and impede their ability to participate in their own government.”

READ ALSO:

“Persistent increase in petrol prices keep people in poverty which in turn perpetuates discriminatory attitudes and practices against them.”

“Your government has a legal obligation to mobilize the maximum of the country’s available resources to ensure people’s socio-economic rights and to protect the most vulnerable and disadvantaged Nigerians.”

“Your government also has the legal obligations to probe and prosecute allegations of corruption and mismanagement in the NNPC, and to ensure access to justice and effective remedies for victims of corruption.”

“Investigating and prosecuting allegations of corruption and mismanagement in the oil sector would be entirely consistent with the Nigerian Constitution, and the country’s international anti-corruption obligations.”

“Section 13 of the Nigerian Constitution 1999 [as amended] imposes clear responsibility on your government to conform to, observe and apply the provisions of Chapter 2 of the constitution. Section 15(5) imposes the responsibility on your government to ‘abolish all corrupt practices’ including in the NNPC.”

“Under Section 16(1) of the Constitution, your government has a responsibility to ‘secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity.’”

“Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’”

“According to our information, the Nigerian National Petroleum Company (NNPC) Limited recently increased the price of premium motor spirit (PMS), also known as petrol, across its retail outlets.”

“The price of the product increased to N855 per litre, from about N600, and in some instances above N900 per litre. The apparently unlawful increase in petrol price followed a scarcity caused by the reported refusal by suppliers to import petroleum products for the NNPCL over a $6 billion debt.”

“The NNPC reportedly failed to remit USD$2.04 billion and N164 billion of oil revenues into the public treasury, as documented in the recently published 2020 annual report by the Auditor-General of the Federation.”

Reverse petrol price hike, probe NNPC, SERAP tells Tinubu

Loading

News

Tinubu appoints Olanrewaju-Smart as Special Adviser on House of Reps matters

Published

on

Tinubu appoints Olanrewaju-Smart as Special Adviser on House of Reps matters
Dr. Wasiu Olanrewaju-Smart

Tinubu appoints Olanrewaju-Smart as Special Adviser on House of Reps matters

President Bola Tinubu has appointed Dr. Wasiu Olanrewaju-Smart as the new Special Adviser to the President on National Assembly Matters (House of Representatives), following the resignation of Hon. Ibrahim Olanrewaju, who stepped down to pursue an elective political office in his home state.

The appointment takes immediate effect and was announced in a statement issued on Sunday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

According to the Presidency, the appointment is part of ongoing efforts to strengthen collaboration between the Executive and the National Assembly, particularly the House of Representatives, as the Tinubu administration advances key legislative reforms and governance priorities.

Olanrewaju-Smart is widely regarded as an experienced legislative strategist and public policy expert, having served in several senior positions within both the National Assembly and the Presidency.

He holds a Doctorate in Educational Management from Lead City University, a Master’s degree in Public Administration from Harvard University, where he was an Edward Mason Fellow in Public Policy at the Harvard Kennedy School, and is also a LEAPS Fellow at the Massachusetts Institute of Technology (MIT).

In addition, he earned a Professional Diploma in Public Relations from the London School of Public Relations and served as a Policy Fellow at Quantum Alliance AI in the United States, where his work focused on artificial intelligence, digital governance and civic technology.

READ ALSO:

His legislative career began during the 7th and 8th National Assemblies, when he served as Research and Media Assistant to both the Minority and Majority Leaders of the House of Representatives.

Over the years, he rose through the ranks to become Special Adviser, Deputy Chief of Staff, and later Chief of Staff to the Speaker of the House of Representatives during the 9th and 10th National Assemblies, gaining extensive experience in legislative administration, policy coordination and executive-legislative engagement.

In October 2023, President Tinubu appointed him Senior Special Assistant to the President on Intergovernmental Affairs, a role in which he coordinated relationships between the Presidency, Ministries, Departments and Agencies (MDAs), state governments and other stakeholders.

The Presidency also credited Olanrewaju-Smart with contributing to policy development and legislative research for several important bills, including the Interest-Free Student Loan Act, one of the administration’s flagship education reforms designed to improve access to higher education for Nigerian students.

Announcing the appointment, President Tinubu expressed confidence that Olanrewaju-Smart’s experience, academic background and understanding of legislative processes would strengthen cooperation between the Presidency and the House of Representatives.

The President said the new adviser is expected to improve policy coordination, facilitate legislative engagement and deepen collaboration between the Executive, lawmakers and government institutions to support the implementation of the administration’s reform agenda.

Political observers say the appointment reflects the administration’s commitment to maintaining cordial Executive-legislative relations, which remain crucial to the passage of government bills, budget implementation and broader governance reforms.

With his extensive experience in parliamentary affairs and public policy, Olanrewaju-Smart is expected to play a key role in promoting effective communication between the Presidency and members of the House of Representatives while supporting the smooth implementation of government policies requiring legislative backing.

The Presidency said the appointment takes effect immediately.

Tinubu appoints Olanrewaju-Smart as Special Adviser on House of Reps matters

Loading

Continue Reading

News

INEC Chairman assures Nigerians every vote will count in 2027 general election

Published

on

INEC Chairman assures Nigerians every vote will count in 2027 general election
Chairman of the Independent National Electoral Commission (INEC), Prof. Joash Amupitan (SAN)

INEC Chairman assures Nigerians every vote will count in 2027 general election

Chairman of the Independent National Electoral Commission (INEC), Prof. Joash Amupitan (SAN), has assured Nigerians that every valid vote cast in the 2027 general election will count, reaffirming the electoral body’s commitment to conducting free, fair, credible and transparent elections.

Amupitan gave the assurance during a courtesy visit to former Head of State and Chairman of the National Peace Committee, Gen. Abdulsalami Abubakar (retd.), at his residence in Minna, Niger State, where he sought the elder statesman’s continued support for INEC’s efforts to strengthen Nigeria’s democracy ahead of the next general election.

The INEC chairman described Abdulsalami as “the father of democracy in Nigeria,” saying his successful transition from military to civilian rule in 1999 laid the foundation for the country’s Fourth Republic and remains one of the most significant milestones in Nigeria’s democratic history.

According to Amupitan, Abdulsalami has continued to play a vital role in promoting peaceful elections through the National Peace Committee, whose Peace Accord initiative has encouraged political parties, candidates and supporters to embrace issue-based campaigns, reject violence and respect democratic principles.

He said INEC views the former military leader as a dependable pillar of support whose guidance and interventions have contributed to electoral stability and democratic consolidation.

Describing the visit as “a pilgrimage of appreciation,” Amupitan said it was meant to honour Abdulsalami’s decades of service to the nation and acknowledge his continued commitment to peace, national unity and democratic governance.

READ ALSO:

He also congratulated the former Head of State on his recent 84th birthday, describing him as a statesman whose leadership continues to inspire confidence across the country.

Addressing concerns over the credibility of future elections, the INEC chairman assured Nigerians that the commission remains focused on protecting the integrity of the electoral process despite the challenges associated with conducting nationwide elections.

“The commission’s determination under my leadership is to ensure that ordinary Nigerians go out to vote with confidence that their votes will be duly counted and reflected in the outcome of elections,” Amupitan said.

He stressed that guaranteeing the sanctity of every valid vote remains one of INEC’s core constitutional responsibilities and pledged that the commission would continue implementing measures aimed at improving transparency, professionalism and public confidence in the electoral system.

Amupitan also reaffirmed the commission’s timetable for the 2027 general election, announcing that the Presidential and National Assembly elections will be held on January 16, 2027, while the Governorship and State Houses of Assembly elections are scheduled for February 6, 2027.

He urged eligible Nigerians to actively participate in the electoral process, noting that democracy can only thrive when citizens exercise their voting rights and have confidence that their choices will be respected.

The INEC chairman further called on political parties, candidates, civil society organisations, security agencies, the media and other stakeholders to work together in ensuring peaceful, credible and inclusive elections across the country.

He said sustained collaboration among stakeholders would strengthen public trust in the electoral process and reduce tensions before, during and after the polls.

Responding, Abdulsalami commended the INEC chairman for the visit and acknowledged the enormous responsibility placed on the electoral commission in delivering credible elections.

The former Head of State urged Nigerians to support INEC in its preparations for the 2027 general election, stressing that credible elections remain the cornerstone of democracy and national stability.

He also appealed to political parties and their supporters to conduct themselves peacefully and place the nation’s interest above partisan considerations, noting that violence and electoral malpractice undermine democratic development.

The renewed assurance by the INEC chairman comes at a time when public interest in the credibility of the 2027 elections continues to grow, with many Nigerians calling for greater transparency, accountability and stronger safeguards to ensure election results accurately reflect the will of the people.

Political observers say INEC’s commitment to protecting the value of every vote will be closely monitored as preparations for the country’s next general election gather momentum.

INEC Chairman assures Nigerians every vote will count in 2027 general election

Loading

Continue Reading

News

PFICP scandal: How ₦1.3bn ‘fake agency’ traced to Buhari’s government entered 2026 budget

Published

on

PFICP scandal: How ₦1.3bn ‘fake agency’ traced to Buhari’s government entered 2026 budget 

The Budget Office of the Federation has disclosed that the controversial Presidential Foreign Intervention Promotion Council (PFIPC) — now declared fake and under investigation — originated from institutional records linked to the administration of the late former President Muhammadu Buhari. Director-General of the Budget Office, Tanimu Yakubu, made this known while appearing before the House of Representatives Ad-hoc Committee investigating the matter. He explained that although ₦1.302 billion was appropriated for the council in the 2026 budgetnot a single kobo was released because statutory spending controls prevented the funds from ever being accessed.

Providing a detailed account of how the PFIPC found its way into the 2026 budget, Yakubu traced the council’s institutional origin to the Presidential Economic Advisory Council (PEAC), which President Buhari inaugurated on October 9, 2019. By the time the 2026 budget preparations began, official government instruments had already been issued by key institutions. The Office of the Accountant-General of the Federation had assigned an administrative budget code to the PFIPC, while the Office of the Head of the Civil Service of the Federation had approved an authorised establishment and a recruitment waiver. Yakubu emphasised that the Budget Office did not create the council or approve its establishment — it merely acted on official documents received from other government institutions. In his words, “The Budget Office did not create the Council. It did not assign its code. It did not approve its establishment. It did not grant its recruitment waiver. It received official instruments and did what the law required of it: it measured their fiscal effect.”

Giving a breakdown of how the ₦1.302 billion allocation was calculated, Yakubu disclosed that the PFIPC initially requested ₦3.85 billion for personnel costs, but the Budget Office independently calculated a reduced figure of ₦802,978,783. This amount, which represented 61.63 per cent of the total ₦1.302 billion appropriation, was based strictly on the authorised establishment, the approved recruitment waiver, the applicable public-service salary structure, and the extant costing methodology. The overhead component stood at ₦200 million, while capital expenditure was set at ₦300 million. Despite the full appropriation of ₦1.302 billion, not a single kobo was disbursed to the council.

READ ALSO:

Explaining why the money was never released, Yakubu stated that despite the appropriation, the council could not access the funds because the Budget Office withheld Financial Clearance — the mandatory approval required before recruitment, payroll enrolment, or salary payments can commence. He clarified that two conditions remained incomplete: first, the 2026 Appropriation Bill only became law on March 31, 2026, meaning final clearance could not be issued before presidential assent; second, the National Salaries, Incomes and Wages Commission had not confirmed that the proposed staffing and remuneration arrangements complied with the approved public-service compensation framework. Yakubu stressed that “There was no Financial Clearance. There was no lawful recruitment. There was no payroll enrollment. There was no salary payment. Not one kobo of the personnel provision could lawfully have been drawn. Not one kobo was drawn.” The overhead allocation of ₦200 million could not be released because it required treasury warrants and cash backing from the Federal Ministry of Finance, while the capital allocation of ₦300 million never progressed beyond appropriation because no procurement plan was initiated, no tenders board approved any project, and no Certificate of No Objection was issued by the Bureau of Public Procurement.

The scandal surrounding how a ‘fake agency’ gained official recognition became public on June 11, 2026, when the Chief of Staff to the President, Femi Gbajabiamila, declared the council fake and petitioned law enforcement agencies. Subsequent investigations revealed that the PFIPC had secured office space within the Federal Secretariat in Abuja, that the Central Bank of Nigeria opened two foreign currency accounts — one in US dollars and another in British pounds — on the directive of the Office of the Accountant-General, and that the agency was listed in the 2026 Appropriation Act with a budget of ₦1.302 billion. It was also discovered that the self-declared Director-General, Prince Adeniyi Adeyemi Matthew, presented forged appointment letters and falsely claimed to be a presidential appointee. On July 7, 2026, President Bola Tinubu directed the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to conduct a thorough investigation and submit a report within 30 days.

In the midst of counterclaims and the ongoing investigation, before his arrest, Adeniyi Adeyemi alleged that Gbajabiamila received ₦400 million through a proxy and demanded an additional ₦200 million to secure his appointment. The Chief of Staff has denied the allegations and filed a defamation suit seeking ₦15 billion in damages. The ICPC investigation is now examining forged appointment letters and official documents, the use of false presidential claims to obtain official recognition and diplomatic support, the opening of multiple bank accounts using allegedly forged documents, the role of public officers, private individuals, and financial institutions that may have facilitated the scheme, as well as broader weaknesses in government procedures that may have been exploited. The Budget Office has maintained that the episode demonstrates the strength of Nigeria’s public financial management system, as the controls held firm and prevented any actual loss of public funds.

PFICP scandal: How ₦1.3bn ‘fake agency’ traced to Buhari’s government entered 2026 budget 

Loading

Continue Reading

Trending