News
Oppositions Ask FG to Account for Missing $5Bn

Opposition parties have challenged the federal government to account for the $5 billion, which has reportedly disappeared from the nation’s Excess Crude Account (ECA)
The New Peoples Democratic Party (nPDP) and the All Progressives Congress (APC) separately threw the challenge on Sunday while reacting to a disclosure by Mr. Rotimi Amaechi, Chairman, Nigeria Governors’ Forum, and also governor, Rivers State at the second annual retreat of the NGF in Sokoto on Saturday.
Amaechi had claimed that the Excess Crude Account, an account used to save oil revenues above a base amount derived from a defined benchmark price, stood at $9billion in January but shrunk to $4billion as of today.
Money accruing from the federation account and its sharing by the federal account allocation committee were among the topics discussed at the retreat.
A statement yesterday by Chikwuemeka Eze, national publicity secretary, New PDP, said the allegation was too weighty to be swept under the carpet, because of the realities on the ground.
“For all intents and purposes, Governor Amaechi is not a frivolous person and is not known for making frivolous claims. We told Nigerians about the poor handling of our common patrimony by this administration but sadly, nobody took us serious” the statement said
Eze said that “Today, the unmistakable evidence is that Nigeria is broke, as the Federal Government now finds it difficult to meet its obligations to states, local governments and contractors.”
The factional party hailed Amaechi for bringing the matter to the open and challenged the Federal Government to tell Nigerians what it did with the money.
It also challenged the nation’s anti-graft agencies to probe the whereabouts of the missing fund.
The new PDP said: “That this administration is running for a price award as the most corrupt administration in the annals of governance in Nigeria is not in doubt.
“We urge Nigerians to heed the advice of the NGF and stop being docile in the face of monumental impunity in the country. This, in reality, is the only way to rescue Nigeria from the path of doom…”
Elsewhere, the APC criticised the President Goodluck Jonathan administration for the missing $5billion excess crude account fund.
It said that when considered with other graft cases, it showed clearly that the administration swam in corruption.
Alhaji Lai Mohammed, party’s national publicity secretary, stated this in a telephone interview with one of our correspondents in Abuja on Sunday.
He said, “This government is swimming in corruption. We are also making our own investigation into the missing money, which is $5billionn. Even N5million is a lot of money. Now they have taken $5billion; about N800billion. That is what it will take us to have four mainland bridges. I can assure you the last has not been heard about it.”
News
Cabals Still Fighting our Refinery – Dangote

Aliko Dangote, Africa’s richest man and president of Dangote Refinery, has insisted that the ‘cabal’ in Nigeria’s oil and gas sector is still fighting against the success of his 650,000 barrels per day plant.

Aliko Dangote
Dangote disclosed this, according to Semafor, a global news platform, at an investor forum in Lagos at the weekend.
He said, “For a very, very long time, those that have made a lot of money from government-subsidised oil imports into Nigeria were the ones trying to sabotage the $20 billion worth of refinery situated in Lekki, Lagos.”
He further stressed that “those groups have funded resistance to the Bola Tinubu government’s removal of petrol subsidies and are opposed to the refinery operating easily in the country.”
However, Dangote was confident that the battle between him and the groups would be won, priding himself on being a long-time fighter.
“We’re fighting, and the fight is not yet finished. But I have been fighting all my life, and I am ready and 100 percent sure I will win at the end of the day,” he was quoted.
Recall that Dangote Refinery kicked off the sale of petrol in September 2024, which had led to a significant drop in fuel imports into Nigeria.
In May 2023, President Bola Ahmed Tinubu announced the removal of the fuel subsidy during his inauguration speech.
News
NPAN Hails Tribunal’s Ruling on FCCPC’s $220M Fine Against Meta

Newspaper Proprietors’ Association of Nigeria (NPAN) has welcomed the decision of the Competition and Consumer Protection Tribunal (CCT) upholding the $220 million fine imposed on Meta Platforms Inc. by the Federal Competition and Consumer Protection Commission (FCCPC).
In a statement signed by its President, Mal. Kabiru A. Yusuf, and General Secretary, Mrs. Angela Emuwa, NPAN described the ruling as a significant milestone in Nigeria’s efforts to enforce digital accountability and protect the rights of its citizens.
“The decision affirms the importance of compelling global digital platforms to adhere to Nigeria’s laws and respect the rights of users,” the association said.
NPAN noted that the fine, resulting from a 30-month investigation spanning 2021 to 2023, was imposed due to Meta’s alleged unauthorized data sharing and discriminatory practices affecting Nigerian users.
The association also emphasized that Nigeria’s regulatory action aligns with global trends, citing similar penalties imposed on Meta in Europe, as well as actions against other tech giants such as Amazon, TikTok, Google, and Apple.
As an advocate for media freedom and fair digital practices, NPAN reaffirmed its commitment to safeguarding intellectual property and ensuring fair remuneration for publishers in the evolving digital landscape.
It further urged sustained collaboration among government agencies, civil society, and industry players to strengthen Nigeria’s digital regulatory environment.
News
NITDA, RHI, Commission IT Community Centre in Ibadan

The National Information Technology Development Agency (NITDA), in partnership with the Renewed Hope Initiative (RHI), has officially commissioned a state-of-the-art IT Community Centre in Ibadan, Oyo State, as part of ongoing efforts to bridge the digital divide and empower youth and women across the state.
The centre, which was donated to Oladipo Alayande School of Science in Oke-Bola, Ibadan, Oyo State, was named in honour of Mrs. Onikepo Akande, a distinguished daughter of Oyo State, and is aimed at providing digital skills training, particularly for women and young people. It is expected to offer participants a competitive edge in the evolving global tech industry.
Her Excellency, the First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu CON OON, delivered special remarks at the event, emphasising the centre’s role in achieving one of President Bola Ahmed Tinubu’s key priority areas which is to accelerate economic diversification through digitisation, industrialisation, innovation, and the creative arts.
She disclosed that the commissioning of the centre is a step forward in the collective mission to empower Nigerians, especially women and youth, with the skills needed to thrive in a digital economy.
“We are not stopping here. I am pleased to announce that ten more IT Centres will soon be commissioned across various states,” she added.
While noting that other digital economy centres have been fully equipped with computers and ICT materials in 5 other states, she urged members of the community to take full ownership of the centre.
She said, “The success of this centre depends on your active participation and utilisation of available resources.”
The Oyo State Governor, Engr. Oluseyi Makinde, who delivered a goodwill message during the event, praised NITDA and RHI for bringing the initiative to the state.
He highlighted the high standards of the facility and pledged the state government’s support to ensure its sustainability and maximum impact on the people of Oyo State.
“Information Technology, Artificial Intelligence, that is the road to the future, and I am glad that under the Renewed Hope Initiative, you’ve brought this to Oyo State, and I can give you the assurance that we will take full advantage of it,” he promised.
In his remark, the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani stated that the centre will serve as an avenue for youths to acquire globally relevant digital skills, build startups and create solutions that can compete on the global stage.
While giving his welcome remarks earlier, the DG NITDA, Kashifu Inuwa, described the collaboration with the Renewed Hope Initiative as a strategic intervention to boost Nigeria’s digital talent pool.
He explained that the Ibadan IT Community Centre is equipped with cutting-edge technologies designed to provide a smart and personalised learning experience and lauded Senator Tinubu for her leadership and passion for empowering underrepresented groups.
“Your Excellency’s vision and commitment have been instrumental in actualising this initiative. You are giving Nigerians the tools to unlock their potential in the digital economy,” he said.
Noting that the newly commissioned centre is part of a broader national agenda to enhance digital literacy, reduce unemployment, and foster innovation-driven development across the country, Inuwa disclosed that the agency has worked with the Ministry of Education to develop digital literacy and skills curriculum that will be infused as part of the formal education in schools.
While encouraging the school administrators and community leaders to ensure its accessibility and sustainability, the NITDA DG said, “The centre is open to all, and we want to see a cross-pollination between the school and the community.”
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