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Reps Accuse NNPC, NCC, Others of Diverting N9 Trillion

A House of Representatives’ report has revealed that some revenue generating agencies have short-changed the Federal Government N8.8 trillion and the report listed the agencies to include; Nigerian National Petroleum Corporation (NNPC); and Nigerian Communications Commission (NCC) among others.
The agencies collectively generated N9.3trillion but remitted only N174.9bilion to the treasury between 2009 and last year according to the House report.
The agencies have acted contrary to the Fiscal Responsibility Act (FRA), 2007 and a 2011 Federal Ministry of Finance directive.
The FRA allows agencies to remit to the Treasury based on their annual operating surplus framework. The Finance ministry’s directive requested them to remit 25 per cent of their gross collection to the Treasury.
Independent revenue derived from Internally Generated revenue (IGR), is 100 percent dedicated to the Federal Government – to the exclusion of other tiers of government.
The agencies were supposed to have remitted N3.06trillion generated in 2009 as independent revenue, but they sent in N46.8billion or 1.53 percent to the Treasury.
The report also revealed that in 2010, the agencies generated N3.07trillion, but remitted N54.1bilion or 1.76 percent to the Federal Government.
In 2011, N3.17trillion was generated, but only 2.33 per cent or N73.8b was remitted to the Treasury.
NNPC and its subsidiaries generated N6.1trillion (excluding proceeds from crude oil and gas) during the period but remitted nothing to the Federal Government.
A general analysis of the agencies’ submission (excluding the NNPC’s) shows expected remittance of N189billion as at October, last year.
Only N80bilion had been paid to the Treasury (42 per cent compliance), leaving a shortfall of N109billion.
Some of the agencies apart from the NNPC, and NCC are: Federal Capital Territory (FCT), Federal Airports Authority of Nigeria (FAAN), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Ports Authority (NPA), Nigerian Broadcasting Commission (NBC) and the Federal Mortgage Bank (FMBN) among others.
With the exception of the Central Bank of Nigeria (CBN), all the agencies prepared and submitted their audited accounts to the office of the Auditor General outside the time stipulated in the Fiscal Responsibility Act, 2007.
The report of the House Committed on Finance on independent revenue generation and remittances to the Consolidated Revenue Fund by government-owned agencies that was considered yesterday by the lawmakers, however, praised five agencies for attempting to adhere to the FRA to some extent by regularly remitting their independent revenues to the Federal Government.
These are: CBN, Federal Radio Corporation of Nigeria (FRCN), Nigerian Television Authority (NTA) and two others.
Abdulmumin Jubrin, chairman of the committee presenting the report, said between 2009 and 2011, the NNPC and all its subsidiaries generated N6.132trillion as Internally Generated Revenue (IGR), but remitted no part of it to the Federal Government.
According to him, the money excluded what was generated from crude oil and gas sales.
The report also revealed that the Federal Inland Revenue Service (FIRS) provided confusing accounting figures of its independent revenue in 2009.
While N5.6m was declared, when the agency’s audited account was reviewed, another sub-head of N323m was discovered.
According to the committee’s findings and in consonance with the submission of the Fiscal Responsibility Commission (FRC), most of the reviewed agencies were found culpable of not adequately making returns to the Treasury as well as also preparing different sets of account.
The agencies were found to have always prepared one account for the FRC and another for the Auditor General’s office.
The lawmakers, in adopting the recommendations of the report, mandated the Finance Committee to work on the Fiscal Responsibility Act (FRA) 2007 within four weeks so as to check various loopholes that enable government agencies spend what they generate without recourse to the National Assembly.
The Committee on Finance is to probe other agencies that were not captured in this exercise to ascertain their status.
“Agencies that have refused to cooperate with the committee are to do so within seven days or Section 89 of the constitution will be invoked on them.
The other recommendations are that: The Ministry of Finance should compel agencies which have outstanding balances to be paid to pay up immediately;
•Any agency found to be spending outside budgetary provisions should be punished;
•All revenues due to the Consolidated Revenue Fund of the Federal government must be paid as and when due;
•The Accountant General of the Federation should submit to the Committee a detailed monthly report of remittances of Federal Government independent revenue;
•The FRC should sanction any agency that fails to submit its audited annual account as and when due;
• All agencies should henceforth present evidence of remittances into the Consolidated Revenue Account to the relevant Committees of the House during their budget performance defence; and
• The Federal Ministry of Finance should immediately ensure that all funds hidden in various agencies’ bank accounts should be mopped up and promptly remitted to the Consolidated Revenue Fund and report to the Finance Committee within three months”.
The shortfall of remittances of some of the agencies are: Nigerian National Petroleum Corporation (NNPC)-N6.1trillion; Federal Capital Territory (FCT)-N7.7b; Central Bank of Nigeria (CBN-N45.5b; Federal Airport Authority of Nigeria (FAAN)-N6.9b; Nigerian Maritime Administration and Safety Agency (NIMASA)-N1.4b; National Agency for Food, Drug Administration and Control (NAFDAC)-N1b; Nigerian Port Authority (NPA)-N11.1b; Nigerian Communications Commission (NCC)-N3.3b; Nigerian Broadcasting Commission (NBC)-N211.7m; Federal Mortgage Bank (FMBN)-N300.4m; West African Examination Council (WAEC)-N2.5b; National Sports Commission (NSC)-N3.7m; Standards Organization of Nigeria (SON)-N252.7m; Federal Road Safety Commission (FRSC)-N410.9m; Federal Housing Authority (FHA)-N221.2m;
Nigeria Shippers Council-N6.4m; Nigeria Deposit Insurance Corporation (NDIC)-N8.8b; Nigerian Airspace Management Agency (NAMA)N3.6b; Industrial Training Fund (ITF)-N4b; Corporate Affairs Commission. (CAC)-N2b; Bank of Industry (BoI)-N3b; and Joint Admissions and Matriculation Board (JAMB)-N1.4b.
News
FG to Move 5m Homes to Clean Cooking by 2030 — Minister

Ekperikpe Ekpo, minister for State, Petroleum Resources (Gas), said it is working towards a renewed target of moving about five million homes to clean cooking by 2030.
Ekpo, made the declaration while delivering the ministerial address and remarks on Monday at the opening ceremony of the 48th Nigeria Annual International Conference & Exhibition (NAICE) 2025.
This year’s conference is themed ‘Building a Sustainable Energy Future: Leveraging Technology, Supply Chain, Human Resources, and Policy.’
He explained that the target can only be made possible through increased investment in gas infrastructure in critical projects such as the OB3 and AKK pipelines, progressing to deliver gas to markets nationwide; and promoting modular and scalable gas projects, including mini-LNG and CNG stations.
According to him, the government is also ramping up efforts to improve last-mile access and stimulate local economic activity and facilitate job creation through strategic public-private partnerships in the construction, logistics, and retail segments of the gas value chain.
“His Excellency, President Bola Ahmed Tinubu, GCFR, has placed gas at the heart of Nigeria’s energy strategy. His vision, aptly captured in the phrase “From Gas to Prosperity”, reflects our national ambition to utilise our abundant natural gas resources to fuel industrialisation, create jobs, and expand access to clean and affordable energy for all Nigerians.
“Over the past year, we have taken decisive steps in line with this vision. We have expanded gas supply for industrial use, prioritising gas availability for manufacturing hubs, power generation, and industrial corridors. As of today, I’ve been reassured that every gas offtaker currently receives the gas they require for their industrial processes; Rolled out the LPG Penetration Programme, distributing cylinders across the six geopolitical zones and empowering women and youth, promoting clean cooking.
“Under the Decade of Gas Initiative, we are also making meaningful strides to unlock value across the midstream and downstream sectors.
“Notably, we have facilitated the development of gas processing facilities and virtual pipeline systems, ensuring gas reaches off-grid and underserved communities, supported private sector investment in LPG and CNG infrastructure, including autogas stations, domestic cylinder manufacturing, and distribution networks, strengthened coordination via the Decade of Gas Secretariat, driving alignment and accountability across Ministries, Departments, and Agencies, Advanced the Nigerian Gas Flare Commercialisation Programme (NGFCP), converting waste to wealth while supporting environmental goals, secured presidential approvals to address legacy debts, incentivising upstream gas supply and stabilising the domestic market”, he said.
He also said the federal government has released much-needed financial support to project promoters via the Midstream Downstream Gas Infrastructure Fund (MDGIF).
“All these efforts are anchored on a single, resolute belief, which is that Nigeria’s gas must work for Nigerians, not just as an export commodity, but as a foundation for inclusive growth, national development, and energy security.”
Speaking on the four pillars highlighted in the conference theme – technology, supply chain, human resources, and policy –- the Minister noted that each plays a vital role in shaping Nigeria’s energy future.
On technology, he said the adoption of digital solutions, automation, and data-driven tools across the gas value chain is essential.
“From reservoir monitoring to distribution analytics, emerging technologies can enhance efficiency, reduce emissions, and optimise delivery. The Ministry continues to collaborate with industry players to foster digital innovation,” he said.
He explained that a strong local supply chain is essential to sustaining the gas economy.
“Through the Nigerian Content Development and Monitoring Board (NCDMB), we are driving localisation of equipment manufacturing, pipe production, and other critical components to reduce import dependence and build national resilience.
“Our human capital remains our greatest asset. We are committed to nurturing a technically sound, diverse, and future-ready workforce through continuous training, strategic academic-industry partnerships, and deliberate youth and gender inclusion policies in the gas space.
“The Petroleum Industry Act (PIA) has provided a solid regulatory and fiscal foundation. We are implementing market-reflective gas pricing frameworks, encouraging deepwater gas development, and enforcing domestic supply obligations to drive investor confidence and sector expansion,” he noted.
News
Experts Caution e-commerce Operators on Eco-friendly Materials

Experts have urged the Nigerian e-commerce industry to use eco-friendly materials in its packaging and logistics of products to reduce carbon emissions and protect the environment.
The experts made this known at a sensitisation workshop on Greening E-commerce orgainsed by The Sustainable and Inclusive Economic Development for Decent Employment In Nigeria Programme (SEDIN) – an initiative of the German Development Agency (GIZ) in partnership with Nigerian Postal Services (NIPOST).
The experts stressed the importance of e-commerce operators in Nigeria committing to concrete climate actions and sustainable operations.
Nnaemeka Ngwu, director of the public sector initiative and a professor at Lagos Business School, urged e-commerce companies to quickly adopt sustainable green technology to minimize their environmental harm.
“E-commerce is a business enabler and a platform through which many people can get involved in trade and commerce. However, e-commerce also brings lots of issues in sustainability and climate change because of pollution,” he said.
According to him, to improve the sustainability component of e-commerce, the country must promote better packaging and logistics among operators.
“We need to green the e-commerce industry to make it more inclusive and support the climate so that it does not cause risks and issues,” he explained.
He commended the Lagos State government on the ban on single-use plastics, calling for the policy to be complemented with awareness, advocacy, and engagement so that the public understands the reason for the policy.
He noted that such awareness should be done regularly, while urging the Nigerian Postal Service to use its leadership role in the courier industry to engage other courier businesses within the space on the benefits of sustainability and the packaging and logistics issues.
In her opening remarks, Titi Oshodi, special adviser to the Lagos State Governor on Climate Change and Circular Economy, called for awareness on greening across various sectors of governance, communities and the private sector
“This will ensure that people understand the rationale behind the policies on greening and they also understand what the alternatives are,” she noted.
“This is the reason why climate literacy is a front-boner strategy for us in Lagos State,” she added.
She explained that Lagos is a commercial hub that grew its GDP due to the operations of micro, small and medium-size businesses. “We need to have them empowered, more knowledgeable about sustainability practices.”
Tola Odeyemi, postmaster-general, Nigerian Postal Services (NIPOST), said the courier can play a strategic and vital role in greening the ecosystem, noting that it has 1,174 post offices nationwide.
Odeyemi, who was represented by Ernest Mamood, general-manager of EMS Parcel Nigeria, said NIPOST is a regulator in the country’s courier industry and can use its position to sensitize other operators in the industry on the use of eco-friendly materials in packaging and logistics to cut environmental impact.
News
Tech Alliance Aims to Transform Africa’s Mapping System

Space42, the UAE-based global AI-powered space-tech company, part of technology group G42, this week announced the signing of a memorandum of understanding with Microsoft and Esri to deliver high-resolution, scalable base maps across all 54 African countries, serving over 1.4 billion people.
Known as the “Map Africa Initiative,” the project will create a comprehensive base map of the continent to date, addressing challenges in infrastructure, investment, and institutional gaps, according to Space24.
The company said the updated mapping system will catalyse economic development through increased access to intelligent solutions that support governments, businesses, and communities.
The five-year collaboration aims to strengthen geospatial capabilities across Africa and the UAE, and provide precise and accessible data to national and regional stakeholders.
Space 24 detailed how the initiative will enable economic opportunities and innovation, saying the program is expected to unlock long-term value across multiple industries including: ports and logistics; renewable energy; security and disaster response; smart cities and digital economies.
It added: “Accurate maps are foundational to urban planning, public services, and technology deployment. The data will be licensed to national governments, enabling ownership and long-term updating by National Mapping Agencies. Over time, the initiative will also support a new commercial ecosystem of African startups. The data will eventually be housed in G42 and Microsoft-managed data centers across the continent.”
Hasan Al Hosani, CEO of Smart Solutions at Space42, said: “Partnership is core to the UAE’s DNA, and is central to how Space42 operates. This collaboration with Microsoft and Esri is more than technical; it’s strategic. It advances Space42’s business priorities, strengthens our role as a trusted partner to governments, and delivers meaningful benefits to communities across Africa.
“Accurate, high-quality mapping and the intelligence solutions built on it are essential for growth, resilience, and inclusive innovation. With reliable data, communities and economies prosper.”
While, Jack Dangermond, president of Esri added: “We are proud to support the Map Africa Initiative in partnership with Space42. Transforming satellite imagery into detailed, accurate base maps at continental scale requires advanced geospatial technology and professional production workflows.
“These same capabilities have supported similar national and regional mapping efforts around the world. With Map Africa, we are helping to establish a foundational resource that will drive infrastructure planning, economic growth, and sustainable development across the continent.”
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