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NRS Boss Blasts $279 Million Frontier Fund Fraud Claims as Sponsored Fake News

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NRS Boss Blasts $279 Million Frontier Fund Fraud Claims as Sponsored Fake News
Executive Chairman of the Nigeria Revenue Service (NRS) , Zacch Adedeji

NRS Boss Blasts $279 Million Frontier Fund Fraud Claims as Sponsored Fake News

Zacch Adedeji calls reports “cheap journalism” lacking ethics, clarifies legal framework of the Frontier Exploration Fund under PIA 2021

The Executive Chairman of the Nigeria Revenue Service (NRS) , Zacch Adedeji, has firmly dismissed online reports alleging that $279 million was illegally transferred from the Frontier Exploration Fund to unnamed accounts, describing the claims as sponsored fake news orchestrated by individuals bent on tarnishing his reputation and that of the service. In a telephone interview, Adedeji categorically denied any wrongdoing, stating that the report was not only false but also exhibited hallmarks of a coordinated smear campaign. He declared, “That report is not true in any way. It is pure fake news sponsored by some jobless persons whose pastime is to throw mud at high performers in the President Tinubu government. I consider it to be a brand of cheap journalism lacking in ethics and professionalism but heavy with malicious intentions.” Adedeji pointed to stylistic consistencies across multiple online platforms as evidence of a single author behind the allegations, suggesting the story was deliberately planted to mislead the public. “To prove to you that it was sponsored, take a critical look at the storyline and language. They are the same language and style in all the reports, meaning that one person wrote it and distributed it across gullible online platforms,” he added.

To contextualize the controversy, Adedeji explained that the alleged fraud narrative stems from a fundamental misunderstanding of what the Frontier Exploration Fund entails and how it is disbursed. The Frontier Exploration Fund was legally established under Section 9 of the Petroleum Industry Act (PIA) 2021, a landmark legislation that reformed Nigeria’s oil and gas sector. The Fund is specifically designed to finance petroleum exploration activities in frontier basins—areas where commercially viable hydrocarbon reserves are yet to be fully established. These frontier basins include the Bida Basin, Benue Trough, Anambra Basin, Chad Basin, Sokoto Basin, and Dahomey Basin. The Fund is meant to cover critical exploration expenses such as geological mapping, seismic surveys, exploratory drilling, appraisal wells, basin studies, and other exploration activities, all of which are essential for expanding Nigeria’s proven hydrocarbon reserves and securing the country’s energy future.

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Under the PIA 2021, the Frontier Exploration Fund is financed through a statutory allocation of 30% of NNPC Limited’s profit oil and profit gas derived from production sharing contracts (PSCs). These funds are channeled into a dedicated escrow account and must be strictly applied to frontier exploration and development, subject to appropriation by the National Assembly. This legal structure ensures transparency and accountability, with multiple oversight layers built into the disbursement process. However, the Fund has been at the center of several policy debates in recent months, adding complexity to the current allegations.

One major development was the signing of Executive Order No. 9 in February 2026 by President Bola Tinubu, which suspended the statutory 30% allocation from NNPC’s profit oil and gas to the Frontier Exploration Fund, rerouting the funds directly to the Federation Account. This move drew sharp criticism from energy analysts, including Professor Emeritus Wunmi Iledare, who warned that the order prioritizes “immediate distributable revenue over long-term reserves sustainability.” The order also suspended NNPC’s 30% management fee, a decision critics argue undermines the company’s commercial autonomy as established under the PIA 2021. These policy shifts have fueled public scrutiny and created an environment where misinformation about the Fund can easily gain traction.

Meanwhile, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) , which administers the Frontier Exploration Fund, previously denied withholding the funds, confirming that over $185 million and N14.9 billion** had already been released to **NNPC Limited** as of late 2025. These releases included a **$140 million tranche approved on November 27, 2025. However, concerns about disbursement delays have persisted. The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, publicly directed NUPRC and NNPCL to deploy the accrued funds to support seismic and appraisal work in frontier basins, lamenting that the Fund had not been meaningfully utilized since his assumption of office. Industry analysts have warned that bureaucratic inertia in releasing the funds is stalling essential exploration activities and weakening investor confidence, making the Fund a recurring flashpoint in Nigeria’s energy sector discourse.

Adding another layer to the controversy, the National Association of Nigerian Students (NANS) has called on anti-graft agencies—the Economic and Financial Crimes Commission (EFCC) , the Independent Corrupt Practices and Other Related Offences Commission (ICPC) , and the National Assembly—to investigate the alleged $279 million transfer. Jamilu Hussaini Ebbo, NANS’ Forum Chairman, linked the controversy to the hardships faced by Nigerian students, stating that “the unapproved movement of public funds is a direct attack on the future of Nigerian youth.” NANS has urged a forensic audit of the Frontier Exploration Fund account to ensure transparency and accountability, a move that has gained traction among civil society groups concerned about the prudent management of public resources.

In his final rebuttal, Adedeji dismissed the allegations as baseless, reiterating that the Nigeria Revenue Service has no role in the administration or disbursement of the Frontier Exploration Fund, as the Fund falls under the purview of NUPRC and NNPC Limited. He called on media practitioners to uphold ethical standards and verify facts before publishing, warning that sponsored fake news undermines public trust and destabilizes governance. His firm stance underscores the growing challenge of misinformation in Nigeria’s digital media landscape and the need for greater journalistic responsibility.

As the story continues to develop, key takeaways remain clear: no evidence supports the alleged $279 million illegal transfer from the **Frontier Exploration Fund**; the Fund is legally established under **Section 9 of the PIA 2021** and is strictly regulated; **NRS Chairman Zacch Adedeji** has no oversight over the Fund, making the allegations against him factually incorrect; **NUPRC** has confirmed that over **$185 million** has already been disbursed to NNPC Limited for frontier exploration; Executive Order No. 9 has temporarily suspended allocations to the Fund, redirecting revenue to the Federation Account; and NANS continues to push for a forensic audit to ensure public funds are properly accounted for. Updates will be provided as more information becomes available.

 

NRS Boss Blasts $279 Million Frontier Fund Fraud Claims as Sponsored Fake News

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INEC Flags 268 Voter Records Over AI-Generated Photos, Begins Cleanup Ahead of 2027 Elections

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2027 Elections: INEC Reveals Why Pantami, Adebutu, Others Were Excluded

INEC Flags 268 Voter Records Over AI-Generated Photos, Begins Cleanup Ahead of 2027 Elections

 

ABUJA, Nigeria – The Independent National Electoral Commission (INEC) has commenced the removal of questionable records from Nigeria’s preliminary Register of Voters after its biometric verification system flagged 268 entries over suspected artificial intelligence-generated photographs and other irregularities.

The development comes amid growing public concerns over the credibility of the voters’ register ahead of the 2027 general elections, following the discovery of suspicious photographs, duplicate registrations and names of deceased persons in the preliminary database.

INEC’s Director of Information and Communication Technology, Lawrence Bayode, disclosed the development during an interview on Channels Television’s Sunday Politics, explaining that the commission’s Automated Biometric Identification System (ABIS) had identified 268 records requiring further examination.

Bayode said the commission had begun reviewing the affected entries and removing those confirmed to be irregular.

He also explained that some registration officers allegedly exploited their authorised access to introduce questionable records into the database.

According to him, some of the irregularities involved the misuse of a special registration option designed for persons with disabilities who have incomplete or missing fingers.

However, the INEC official clarified that not every photograph enhanced with artificial intelligence would lead to the exclusion of the affected voter.

He distinguished between genuine photographs improved with AI-powered applications on mobile phones and images generated entirely by artificial intelligence, stressing that only confirmed fraudulent images would be removed.

The controversy followed INEC’s publication of its preliminary Register of Voters online on October 26, which triggered public outrage after screenshots showing suspicious photographs and other questionable entries circulated on social media.

Some of the disputed records reportedly included entries from parts of Edo State, prompting questions about the commission’s registration and verification procedures.

INEC Chairman, Professor Joash Amupitan, subsequently confirmed that the commission was examining the questionable records and would take corrective action based on verified findings.

The commission has maintained that the preliminary register is not the final certified document, explaining that the verification and public scrutiny exercises are intended to identify inaccuracies and irregularities before certification.

INEC has scheduled December 15, 2026, for the certification of the final Register of Voters after completing the necessary verification, adjudication and data-cleanup processes.

The commission has also encouraged Nigerians to participate in scrutinising the register and report suspicious entries to help safeguard the credibility of the electoral process ahead of the 2027 general elections.

 

INEC Flags 268 Voter Records Over AI-Generated Photos, Begins Cleanup Ahead of 2027 Elections

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Ex-CSU Lecturer Reopens Tinubu’s Certificate Controversy, Says President Never Attended University

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I Wanted to Disgrace Tinubu — Omokri Reveals What He Discovered at Chicago Varsity

Ex-CSU Lecturer Reopens Tinubu’s Certificate Controversy, Says President Never Attended University

A fresh controversy has emerged over President Bola Ahmed Tinubu’s educational background after a former lecturer at Chicago State University (CSU), Dr Adetokunbo Pearse, claimed that the Nigerian leader never attended the American institution.

Pearse made the allegation during an interview on News Central Television on Sunday, November 8, 2026, insisting that he had personal knowledge of the university’s academic programme and Tinubu’s alleged attendance.

The former lecturer, who said he worked at Chicago State University between 1985 and 1990, claimed he was the director of the programme Tinubu reportedly attended.

According to him, he was familiar with the institution’s records and maintained that the President never enrolled there.

“The fact of the matter is, I know he never attended Chicago State University. He knows that I know. So the man (Mr Tinubu) has no integrity,” Pearse said.

He also questioned the educational institutions Tinubu listed in documents submitted to the Independent National Electoral Commission (INEC), arguing that the President had identified schools he allegedly never attended.

Pearse further claimed that he was approached in 1999 by individuals seeking information about Tinubu’s academic records when the late Funsho Williams was reportedly making inquiries into the matter.

The allegation has reopened public debate over Tinubu’s educational qualifications, which generated considerable controversy during the 2023 presidential election and subsequent legal proceedings.

However, Pearse’s assertion contradicts Chicago State University’s official position. In September 2023, the institution confirmed that Tinubu attended the university and graduated in 1979 with a bachelor’s degree.

The university subsequently released academic records following legal proceedings initiated in the United States by former Vice-President Atiku Abubakar.

The records indicated that Tinubu attended the institution between August 1977 and June 1979 and was awarded a Bachelor of Science degree in Business Administration.

Although questions were raised during the legal proceedings about the authenticity of the particular diploma submitted to INEC, Chicago State University maintained that its records confirmed Tinubu’s attendance and graduation.

Pearse’s latest comments therefore introduce a fresh personal challenge to the university’s previously stated position, although his assertion does not, on its own, invalidate the institution’s official records.

As of the time of filing this report, the Presidency had yet to publicly respond to the latest allegations, according to reports on the interview.

The renewed controversy is likely to attract further political attention as Nigerians continue to debate questions surrounding transparency, public accountability and the President’s educational background.

 

Ex-CSU Lecturer Reopens Tinubu’s Certificate Controversy, Says President Never Attended University

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One Killed, Five Injured as Violence Disrupts Obi-Kwankwaso Rally in Delta

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One Killed, Five Injured as Violence Disrupts Obi-Kwankwaso Rally in Delta

One Killed, Five Injured as Violence Disrupts Obi-Kwankwaso Rally in Delta

One person has been killed and five others injured following a violent clash that disrupted a political procession organised by supporters of the Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, and his running mate, Rabiu Kwankwaso, in Asaba, Delta State.

The incident occurred at about 12:15 p.m. on Saturday, November 7, 2026, along Nnebisi Road, during a one-million-man march organised by supporters of the Obi-Kwankwaso Movement.

The Delta State Police Command confirmed the casualties, disclosing that the identities of the deceased and injured persons had yet to be established as investigations commenced.

In a statement issued by the Police Public Relations Officer, SP Bright Edafe, the command said it had received intelligence indicating the possibility of violence ahead of the procession.

According to the police, organisers of the rally were invited to a security meeting, where they were briefed about the identified threats and advised against holding an open-road procession.

The command said the organisers were encouraged to conduct their political activities at a designated venue where adequate security arrangements could be provided.

However, the police alleged that the organisers ignored the advice and proceeded with the procession.

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Following a distress call, police operatives were deployed to the scene and evacuated the injured victims to hospital for medical attention.

Security was subsequently reinforced in the affected area to prevent further breakdown of law and order.

The police said investigations were ongoing to establish the circumstances surrounding the violence and identify those responsible.

Commissioner of Police, Samuel Erale, condemned the incident and reiterated that political parties were free to conduct lawful campaigns and other political activities across the state.

He, however, urged political parties and their supporters to avoid road processions in the interest of public safety and liaise with the police ahead of political gatherings to facilitate adequate security arrangements.

The command also appealed to members of the public with useful information about the incident to contact the police through 09155570008 or 09155570007.

Meanwhile, the NDC has accused the ruling All Progressives Congress (APC) of being behind the attack, alleging that the incident was an attempt to intimidate opposition supporters and disrupt its political activities.

Former Speaker of the Delta State House of Assembly and NDC senatorial candidate for Delta North, Victor Ochei, called on Governor Sheriff Oborevwori to order an immediate investigation and ensure that those responsible were arrested and prosecuted.

Ochei alleged that more than 30 campaign buses were destroyed during the attack, accusing suspected attackers of being mobilised by individuals allegedly connected to the ruling party.

However, Delta APC spokesperson, Valentine Onojeghghuo, dismissed the allegation, insisting that the NDC had provided no evidence linking APC members to the incident.

He described the accusation as baseless and urged the opposition party to embrace peaceful political engagement.

The Delta State Coordinator of the Obi-Kwankwaso Movement, Favour Emerue, also alleged that the gathering was peaceful before suspected hoodlums disrupted the procession, leaving some participants injured.

In a separate reaction, Peter Obi condemned the reported attacks on his supporters and NDC members in Delta State, calling on the state government and security agencies to investigate the incidents and bring those responsible to justice.

The latest violence has renewed concerns about the safety of political activities ahead of the 2027 general elections.

The police have assured residents that a thorough and impartial investigation will be conducted to establish the circumstances surrounding the clash and ensure that anyone found culpable faces the law.

One Killed, Five Injured as Violence Disrupts Obi-Kwankwaso Rally in Delta

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