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NNPC Ltd replies Atiku: President Tinubu, Wale have no equity stake in OVH acquisition

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NNPC admits owing petrol suppliers $6bn
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The Nigerian National Petroleum Corporation Limited (NNPCL) has refuted former Vice President Atiku Abubakar’s allegations that it has been taken over by “corporate cabals” connected to President Bola Tinubu.

In a statement issued on Wednesday, Atiku, through his media aide Paul Ibe, expressed surprise that NNPC placed its retail division under the management of OVH, a company in which Wale Tinubu’s Oando holds a 49 percent stake.

Atiku criticized this move, claiming it undermines his goal of privatizing NNPC and increasing its transparency, and described it as a “criminal hijack” by the president’s associates.

In response, NNPC issued a statement on Thursday, signed by Chief Corporate Communications Officer Olufemi Soneye, labeling Atiku’s claims as unfounded. The corporation emphasized that neither Wale Tinubu nor President Tinubu has any stake in the OVH acquisition.

NNPC stressed that its investment decisions are based on commercial viability and national interest, and that the organization is managed by professionals dedicated to enhancing value for the nation.

The statement reads: “The attention of NNPC Ltd has been drawn to a press release signed by Mr. Paul Ibe, a Media Adviser to the former Vice President, Alhaji Atiku Abubakar.

“In the statement, the former Vice President was quoted to have lamented “the criminal hijack of the NNPC by corporate cabals around the current President”.

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“He was also quoted to have listed the retention of Mr. Mele Kyari as the Group Chief Executive Officer of NNPC Ltd as a compensation for the alleged acquisition of NNPC Retail Ltd by OVH in which he claimed Mr Wale Tinubu held 49% stake.

“He further alleged that the NNPC Retail Ltd—OVH acquisition deal was part of a grand scheme by President Bola Ahmed Tinubu to integrate his personal business interests into Nigeria’s public enterprises at the federal level.

“NNPC Ltd wishes to set the records straight with the following facts: We are a commercially-focused and profit-driven company managed by professionals who are committed to adding value to the nation.

“Investment decisions by NNPC Ltd Management are strictly determined on the basis of commercial viability and national interest.

“At the time NNPC Ltd acquired OVH in 2022, Oando (in which Mr. Wale Tinubu has equity interest), had fully divested its equity in OVH to the two other partners – Vitol and Helios. Oando actually began its divestment in 2016, with Vitol and Helios coming in as equity partners, leading to the change of name from Oando to OVH. In 2019, Oando fully divested its equity interest in OVH resulting in Vitol and Helios holding 50% equity interests respectively.

“Upon acquisition of OVH by NNPC Ltd, both NNPC Retail Ltd and OVH effectively became subsidiaries of NNPC Ltd. However, based on professional advice and sound commercial considerations, NNPC Ltd opted to merge NNPC Retail Limited into OVH, and thereafter retain NNPC Retail Limited as the company name post-merger.

“The first step of merging NNPC Retail Ltd into OVH has been completed and the post-merger renaming as NNPC Retail Ltd is ongoing.

“Contrary to the false alarm raised, neither Wale Tinubu nor the President has any interest in the OVH acquisition.

“As a businessman, the former Vice President should know that effectiveness in business leadership is best measured by balance sheets and bottom lines rather than pedestrian considerations.

“The management of NNPC Ltd, under the leadership of Mr. Mele Kyari, has done very well in growing the company’s fortunes as shown in the 2023 Audited Financial Statement (AFS), where it reported N3.3 trillion as profit after tax.

“NNPC Ltd as a commercial entity is devoid of political interest and shall continue to conduct its business full of commitment to national interest and value creation for the benefit of all stakeholders. NNPC Ltd shall resist any attempt to draw its Board and Management into partisan politics.”

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FG raises Soldiers’ Minimum Salary from N49,000 to N100,000 per month — Defence Minister Musa

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Minister of Defence, Christopher Musa
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The Minister of Defence, Christopher Musa, has disclosed that the Federal Government increased the minimum monthly salary of Nigerian soldiers from N49,000 to N100,000 as part of ongoing efforts to improve the welfare of military personnel.

Musa made the disclosure during an interview with News Central on Wednesday ahead of the station’s NC Exclusive programme scheduled for Friday.

He described the development as one of the welfare improvements introduced by the current administration for military personnel.

“When they started, a soldier was collecting N49,000 monthly. We tried so hard, now he’s collecting N100,000,” the minister said.

For decades, concerns over poor salaries, inadequate accommodation, delayed benefits and rising living costs have dominated discussions on military welfare.

Musa also dismissed allegations that soldiers were being poorly fed, describing claims circulating on social media as misleading.

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Referring to a viral video involving a military officer identified as Justice Crack, he alleged that the footage was deliberately manipulated to create a false impression about the quality of meals served to troops.

“The soldier’s food was okay. There was meat; there was all this. But he told them to pull out those things and make it look as if those things were not there,” he said.

The minister’s remarks come as the Federal Government continues to pursue a mix of welfare reforms, increased security spending and renewed military operations aimed at improving the effectiveness of troops battling insecurity across the country.

But calls persist for greater investment in equipment, intelligence gathering and personnel welfare.

Musa maintained that Nigeria’s defence allocation remains inadequate to meet the enormous demands placed on the Armed Forces.

Responding to a question on whether the current defence budget was sufficient, he replied, “It’s not enough.”

He noted, however, that the government would continue investing in the welfare and operational capacity of the military to enable personnel to respond more effectively to the country’s security challenges.

The minister also advocated tougher punishment for kidnappers, calling for the introduction of the death penalty to discourage the growing wave of abductions across the country.

According to him, existing sanctions have failed to deter perpetrators.

“I think we should do that. There must be deterrence. The laws are soft, and that’s why people take advantage.If they know once you commit an offence, there must be punishment,” he said.

Speaking on the recent abduction of schoolchildren in Oyo State, Musa alleged that the kidnappers were attempting to pressure the military into releasing some of their commanders currently in custody.

Describing the incident as unfortunate, he said the abductors had resorted to using innocent children as bargaining tools.

“It’s a very sad event. Unfortunately, bad things do happen. For whatever reason, they are looking for leverage because we have some of their commanders with us, and they feel taking these kids and holding them to ransom will make us release their commander,” he said.

He further claimed that the kidnappers had threatened to kill the victims should security forces move closer to their hideout.

“They are now threatening that if we come any closer, they’re going to kill all the kids,” the minister added.

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2027: ‘Peter Obi must not die’ — Igbo Group warns of catastrophic consequences

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Peter Obi, Presidential candidate of NDC
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Njiko Igbo Forum, an affiliate of Ohanaeze Ndigbo, has issued a stern warning ahead of the 2027 general elections, cautioning that it will be catastrophic should anything happen to Mr Peter Obi.

It could be recalled that Obi, on Wednesday, raised the alarm that his life was under threat.

The presidential candidate of the Nigeria Democratic Congress, NDC, raised fears that he may not be alive in 2027 to be part of the election.

However, in a statement issued on Thursday, Rev Dr Okechukwu Christopher Obioha, Leader, Njiko Igbo Forum Nigeria, he warned that should anything happen to Obi or he was not in the ballot, the reaction and result would be very catastrophic.

Obioha said the caution was part of the decision taken during an emergency meeting held today, Thursday, in Enugu.

The Forum said, “That we have seen the viral video made by His Excellency, Mr Peter Gregory Obi, speaking on a number of issues, he expressed serious concern that his life is in danger.

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“For him to have gone to the extent of saying he might not be alive before the 16th of January 2027, speaks volumes both in our polity and in the country at large.

“We have seen him in the past, spoke about the federal government trying to frustrate and targeting him not to be in the ballot.

“We have also observed over a period of time that the presidency or the federal government led by President Tinubu does not want Peter Obi to be in the ballot.”

While drawing the attention of the Presidency, Nigeria and the world to those allegations, Njiko Igbo Forum declared that “if anything happens to Mr Peter Gregory Obi or finally his name is not in the ballot for the 16th January, 2026 presidential election, the reaction and result will be very catastrophic and may adversely affect the continued unity in diversity of this country Nigeria.”

It further stated that the Igbo had been very quiet, pushed to the wall, segregated against, marked out everywhere, chased about and even tried to take their possessions.

Njiko Igbo Forum cautioned that keeping quiet does not mean the Igbo are cowards.

It said the ruling government should not forget that for any democracy to thrive, there must be a viral opposition in the polity.

“There is no reason, for what we have seen in the process or polity in trailing Peter Obi and going to an extent of chasing him through all the political parties and now wanting to kill him.

“This outcry by Mr Peter Gregory Obi, must not be taken lightly and request as a matter of urgent National importance, that an urgent investigation panel be constituted to verify Mr Peter Obi’s allegations.

“We are strongly stating again that, nothing should happen to Mr Peter Gregory Obi.

“Yes, Chief Awolowo said, before Nigeria he was of the Yoruba Nation. The same way we are saying before Peter Obi is of Nigeria, he is of the Igbo.

“Mr Peter Gregory Obi will live and become the President of the Federal Republic of Nigeria in 2027,” it declared.

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US releases identities and photos of 124 Nigerians set for deportation

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The United States of America has announced an updated deportation list featuring 124 Nigerians.

This was disclosed in a statement released on the website of the US Department of Homeland Security (DHS) on Wednesday.

The DHS claimed that these individuals have been placed on what it described as its “worst-of-the-worst” criminal register.

While the names and photos have been made public, the timeline for deportations remains undisclosed.

However, the US immigration authorities explained that the deportations are part of ongoing immigration enforcement, stressing that those listed were convicted of serious crimes, but declined to provide details about the offences or when deportations would take place.

The statement read: “The U.S. Department of Homeland Security is highlighting the worst of worst criminal aliens arrested by the U.S. Immigration and Customs Enforcement (ICE).

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“Under DHS leadership, the hardworking men and women of DHS and ICE are fulfilling President Trump’s promise and carrying out mass deportations – starting with the worst of the worst – including the illegal aliens you see here.”

The website then listed: “Sunday Adediora, Sunday Kunkushi, Mkpouto Etukudoh, Marcus Unigwe, Olaniyi Ojikutu, Boluwaji Akingunsoye, Ejike Asiegbunam, Emmanuel Mayegun Adeola, Bamidele Bolatiwa, Ifeanyi Nwaozomudoh, Aderemi Akefe, Solomon Wilfred, Chibundu Anuebunwa, Joshua Ineh, Usman Momoh, Oluwole Odunowo, Bolarinwa Salau, Oriyomi Aloba.”

Others are Oludayo Adeagbo, Olaniyi Akintuyi, Talatu Dada, Olatunde Oladinni, Jelili Qudus, Abayomi Daramola, Toluwani Adebakin, Olamide Jolayemi, Isaiah Okere, Benji Macaulay, Joseph Ogbara, Olusegun Martins, Kingsley Ariegwe, Olugbenga Abass, Oyewole Balogun, Adeyinka Ademokunla, Christian Ogunghide, Christopher Ojuma, Olamide Adedipe, Patrick Onogwu, Olajide Olateru-Olagbegi and Omotayo Akinto.

There are also Kenneth Unanka, Jeremiah Ehis, Oluwafemi Orimolade, Ayibatonye Bienzigha, Uche Diuno, Akinwale Adaramaja, Boluwatife Afolabi, Chinonso Ochie, Olayinka A. Jones, Theophilus Anwana, Aishatu Umaru, Henry Idiagbonya, Okechukwu Okoronkwo, Daro Kosin, Sakiru Ambali, Kamaludeen Giwa, Cyril Odogwu, Ifeanyi Echigeme, Kingsley Ibhadore, Suraj Tairu, Peter Equere, Dasola Abdulraheem, Adewale Aladekoba, and Akeem Adeleke.

Also listed were Bernard Ogie Oretekor, Abiemwense Obanor, Olufemi Olufisayo Olutiola, Chukwuemeka Okorie, Abimbola Esan, Elizabeth Miller, Chima Orji, Adetunji Olofinlade, Abdul Akinsanya, Elizabeth Adeshewo, Dennis Ofuoma, Quazeem Adeyinka, Ifeanyi Okoro, Oluwaseun Kassim, Olumide Bankole Morakinyo, Abraham Ola Osoko, Oluchi Jennifer and Chibuzo Nwaonu.

The latest action is part of the sweeping immigration enforcement measures introduced by the administration of US President Donald Trump after his return to office on January 20, 2025.

On his first day back in office, Trump signed a series of executive orders declaring illegal immigration a national emergency and directing federal agencies to intensify border security and accelerate the removal of undocumented migrants.

One of the orders, titled: “Protecting the American People Against Invasion, instructed immigration authorities to prioritise the arrest and deportation of removable migrants, particularly those considered threats to public safety and national security.”

Defending the policy, the DHS said the administration was delivering on Trump’s campaign promise to carry out mass deportations, beginning with what it described as the “worst of the worst” criminal offenders.

The department said officers of the US Immigration and Customs Enforcement had been directed to intensify operations nationwide against non-citizens convicted of serious crimes.

White House Press Secretary Karoline Leavitt has also defended the crackdown, saying the administration remained committed to enforcing immigration laws and removing undocumented immigrants with criminal records in line with President Trump’s immigration agenda.Executive Branch

Official US immigration data indicate that Guatemala has recorded the highest number of deportees since the renewed crackdown began, followed by Honduras, Mexico and El Salvador, reflecting the administration’s focus on migrants from Latin America.

The US has also expanded deportation flights to countries across Africa, Asia and the Caribbean as enforcement operations continue.

Nigeria has also come under increased scrutiny by the Trump administration. In June, Washington imposed partial visa restrictions on Nigerian citizens, citing concerns over identity management, information sharing, visa overstay rates and security screening.Demographics.

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