Stop crude for loan deals, Reps tell NNPC - Newstrends
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Stop crude for loan deals, Reps tell NNPC

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Group Managing Director of NNPC, Mele Kyari

Stop crude for loan deals, Reps tell NNPC

The House of Representatives Special Joint Committee investigating factors working against the petroleum sector has directed the Nigerian National Petroleum Company Limited to halt what it called the mortgage of Nigeria’s future crude oil until it concludes its assignment.

Recall that the committee chaired by the lawmaker representing Ideato South/Ideato North Federal Constituency, Imo State, Ikenga Ugochinyere, commenced its probe of shady deals in the sector last week.

The committee’s directive followed reports that NNPC is planning to borrow an additional $2bn in crude oil-backed loans from international creditors to boost its financial inflow.

The Group Chief Executive Officer of NNPC, Mele Kyari, according to the panel, reportedly stated that the national oil company was in discussions with international creditors to raise an oil-backed credit facility.

This was a sequel to recent findings that the national oil company was struggling to pay international oil traders a backlog of $6bn amid subsidy removal.

In a statement issued by Ugochinyere on Wednesday, the lawmaker urged NNPC not to undermine the forensic investigation by the House of Representatives with another fresh loan.

It warned that the move if allowed, would further worsen the situation of of things, starve the refineries of feed-stock, weaken revenue generation and create room for waste of future revenue.

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The statement reads, “The citizens were excited on the recent news of President Bola Tinubu’s intervention for crude supply to local refineries in naira and the committee has received intel of plans to mortgage future crude revenue and oil for another loan at a time the nation is struggling.

“This is preemptive of the committee’s work and we want to announce the halt of this fresh move and for the state oil company to brief the parliament.

“The revenue being mortgaged is a sovereign wealth of the people and the parliament has a duty as the watchdog of the commonwealth to step in. The NNPC today is owned by the Federal Government and Nigerians, hence, its actions must not hurt their shareholders who we lawmakers represent.

“We gathered you here today on a shocking development and alleged move by the leadership of NNPC to mortgage once again our future crude oil assets and revenues for alleged mere administrative purposes.

“As the Chairmen of the Joint Investigative Committees on Petroleum Resources Midstream and Downstream, we have to act in the best interest of the citizens and ensure that the downstream and midstream sectors are protected.”

He noted that the committee in its ongoing investigation is probing allegations of non-remittance to the federation account and non-availability of crude to domestic refineries.

The panel warned the oil company not to work against the recent directive of the Federal Government on the need to protect local refineries.

The statement further read, “We are calling on NNPCL to halt further plans to borrow more loan with crude oil, as the move will sabotage the President’s deal for domestic crude supply.

“In August 2023, following the removal of fuel subsidy and the unification of the forex market which significantly weakened the naira, the Federal Government through the NNPC secured a $3.3bn loan from Afreximbank to shore up liquidity in the market.

“Mele Kyari had explained then that the loan would be used to shore up the foreign exchange reserve and provide a more urgent solution to the country’s forex challenges.

“The loan is said to be paid with crude oil set a $65 per barrel and had earmarked around 90,000 barrels of crude oil for the process. We are urging the NNPC not to undermine the forensic investigation by the House of Representatives into crude oil supply with another fresh loan, as the move is a threat to local refinery.”

Stop crude for loan deals, Reps tell NNPC

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NiMet Predicts Thunderstorms, Rain Across Nigeria Till Wednesday

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NiMet Predicts Thunderstorms, Rain Across Nigeria Till Wednesday

The Nigerian Meteorological Agency (NiMet) has predicted thunderstorms and rainfall across several parts of Nigeria from Monday to Wednesday.

The agency, in its weather outlook released on Sunday, also warned that strong winds could occur ahead of thunderstorms in some areas.

For Monday, NiMet expects thunderstorms and light rain over parts of Taraba and Kebbi during the morning. Later in the day, moderate rainfall is expected across several areas in the North-East, Kaduna, Taraba and Kebbi.

In the North-Central region, parts of Niger State could experience thunderstorms and light rain in the morning, while most parts of the region may record thunderstorms with moderate rainfall by afternoon or evening.

 

The southern states are also expected to experience wet conditions. NiMet forecasts cloudy skies in the morning, with isolated thunderstorms and light rain over parts of Bayelsa, Rivers, Akwa Ibom and Cross River. More thunderstorms and light rain are expected later in the day.

Tuesday and Wednesday Forecast

On Tuesday, the northern region is expected to have patches of cloud in the morning, with thunderstorms and light rain possible in parts of Taraba.

By afternoon or evening, most parts of the region could experience thunderstorms accompanied by moderate rain.

In the North-Central, parts of the Federal Capital Territory, Niger, Nasarawa and Plateau states are expected to receive thunderstorms and moderate rainfall later in the day.

Southern areas, including parts of Ebonyi, Enugu, Abia and the South-South, may also experience thunderstorms and light rain.

NiMet expects more widespread rainfall on Wednesday, particularly across northern and North-Central states. Borno, Bauchi, Gombe, Kaduna, Adamawa and Taraba are among the areas listed for morning thunderstorms and moderate rain.

The agency also forecasts thunderstorms and moderate rainfall across much of the South later on Wednesday.

NiMet advised residents to secure loose objects and take precautions against strong winds. Motorists were urged to avoid driving during heavy rainfall, while residents were advised to disconnect electrical appliances during thunderstorms and stay away from tall trees.

Airline operators were also advised to obtain airport-specific weather information when planning flights.

NiMet Predicts Thunderstorms, Rain Across Nigeria Till Wednesday

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Working People United Celebrates Oluremi Tinubu at 66, Commends Her Humanitarian Efforts

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Working People United Celebrates Oluremi Tinubu at 66, Commends Her Humanitarian Efforts
Nigeria’s First Lady, Senator Oluremi Tinubu

Working People United Celebrates Oluremi Tinubu at 66, Commends Her Humanitarian Efforts

Civic organisation Working People United has congratulated Nigeria’s First Lady, Senator Oluremi Tinubu, on her 66th birthday, praising her contributions to humanitarian services, education, healthcare and the empowerment of vulnerable Nigerians.

Oluremi Tinubu celebrates her 66th birthday on Monday, September 21, 2026, with messages of goodwill coming from individuals and organisations across the country.

In a congratulatory message issued on Sunday, National Coordinator-General of Working People United, Prince Williams Akporeha, described the First Lady’s years of public service as an important part of her contribution to Nigerian society.

Akporeha said the organisation recognised Oluremi Tinubu’s continued involvement in programmes designed to improve the welfare of children, women, young people and underserved communities.

He particularly highlighted her advocacy and interventions in education, healthcare access, youth development and economic empowerment, saying such initiatives were directed at addressing challenges faced by ordinary Nigerians.

According to the group, the First Lady’s humanitarian activities have focused on providing practical support to communities and creating opportunities for people who might otherwise have limited access to social and economic resources.

Working People United also commended Oluremi Tinubu’s interest in family welfare and children’s development, describing those areas as important to the long-term development of the country.

The organisation said efforts to strengthen access to basic education and healthcare, particularly at the grassroots, remained critical to improving the quality of life of Nigerians.

It also praised initiatives aimed at providing young people with skills and economic opportunities, noting that youth empowerment could help reduce vulnerability and expand participation in the economy.

Akporeha urged the First Lady to sustain her advocacy for vulnerable Nigerians as she begins another year of her life.

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He said the organisation was joining Nigerians across the country to celebrate Oluremi Tinubu and acknowledge what it described as her commitment to humanitarian service.

Working People United wished the First Lady good health, wisdom, strength and fulfilment as she continues her public responsibilities and supports initiatives focused on the welfare of Nigerians.

The group also expressed hope that her birthday would provide an opportunity to renew attention to issues affecting children, women, young people and low-income families, particularly in education, healthcare and economic empowerment.

Oluremi Tinubu, a former senator representing Lagos Central Senatorial District, has been involved in public service and humanitarian activities for several years.

As First Lady, she has continued her intervention programmes through the Renewed Hope Initiative (RHI), which has focused on areas including education, health, agriculture, social investment and economic empowerment.

Her recent programmes have included support for women, vulnerable households, students, farmers, young people and families affected by economic hardship.

The birthday messages therefore come as the First Lady continues her public engagements and humanitarian programmes across different parts of Nigeria.

Working People United Celebrates Oluremi Tinubu at 66, Commends Her Humanitarian Efforts

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18 Suspects Transferred to US Over 2021 Killing of Haitian President Moïse

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18 Suspects Transferred to US Over 2021 Killing of Haitian President Moïse
18 Suspects Transferred to US Over 2021 Killing of Haitian President Moïse

Eighteen suspects accused of involvement in the 2021 assassination of former Haitian President Jovenel Moise have been transferred from Haiti to the United States to face trial.

US officials said the suspects were transported to Florida on Sunday, as American authorities continue their prosecution of people allegedly connected to the plot.

Federal prosecutor Jason Reding Quinones said the suspects were flown from Haiti on a military aircraft to face proceedings in the Southern District of Florida.

He said US authorities had so far indicted 30 people in connection with the assassination and warned that the prosecutions were not over.

Among those transferred was Joseph Felix Badio, a former anti-corruption official with Haiti’s Ministry of Justice who has been identified as a major suspect in the investigation.

Haitian government and police sources said the other suspects included Colombian nationals who were allegedly part of the group involved in the operation.

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Colombian Nationals Among Suspects

Colombia’s Foreign Ministry confirmed that 17 of its citizens had been transferred from Haiti to the United States.

The ministry said the Colombian government was monitoring the development but had not participated in the decision or process that led to the transfer.

Moise was killed at his private residence in Port-au-Prince on July 7, 2021. Investigators said a group of about 20 Colombian military-trained mercenaries had been hired in connection with the operation.

The president’s security detail came under scrutiny after failing to prevent the attack.

In May, four men were convicted in a Miami federal court over charges connected to the plot, including conspiracy to kill or kidnap Moise and providing material support for the operation. They could face life imprisonment.

US prosecutors said the men were linked to CTU Security, a Florida-based private security company, and had allegedly been attracted by the prospect of lucrative contracts after Moise was removed from power.

The assassination plunged Haiti further into political and security turmoil. The country has since struggled with gang violence and remains without a president, while preparations continue for elections scheduled for December, subject to security conditions.

18 Suspects Transferred to US Over 2021 Killing of Haitian President Moïse

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