General
Subsidy Removal: Youths Hail Kyari’s Transparency Drive, Call for Patience

By Modupe Gbadeyanka
The chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, has been commended for promoting transparency, probity, accountability, and good governance in the Nigerian oil and gas industry vis-à-vis his handling of the recent fuel subsidy removal initiative.
This commendation came from Nigerian youths under the aegis of the Nigerian Youths Alliance (NYA) through a statement co-signed by their national president, Ifeanyi Ogbu, and secretary, Yemisi Oluwadamiro, in Abuja, on Wednesday.
They specifically praised Mr Kyari for his transparency in the company’s payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June, barely two months after the federal government stopped subsidy payments.
While calling on Nigerians to be patient with the government over the temporary pains caused by the removal of the petrol subsidy, the young citizens urged the NNPCL chief to remain focused and avoid distraction sponsored by oppositions, anti-democratic elements and corrupt individuals who had fed fat by milking the country with the subsidy payment scheme.
According to the statement, “As Nigerian youths, even in these trying times, we must recognize, commend and encourage the efforts of our patriots who are having sleepless nights to ensure this nation works.
“Without mincing words, we know that at this time, fuel subsidy must go if this country must rise from its dying state and survive.
“Many oil marketers and corrupt individuals had become billionaires overnight at the expense of Nigerians with the continued payment of subsidies and these funds could have been channelled to better the lives of Nigerians and grow the economy.
“These individuals, by their sheer unconscionable criminality, subverted the noble idea behind the subsidy programme, which was for government to subsidize the cost of petrol to make it affordable to the masses.
“Rather than keep to the terms of the deal with the government, these marketers and their crooked allies repeatedly divert and smuggle petroleum products to neighbouring countries where they sell at higher rates and thus make more profit even after collecting subsidy money from the Nigerian government.
“Though it comes with sacrifices, Nigerians must know that there is no gain without pain.
“Therefore, we commend the bold and audacious initiatives of the President Bola Tinubu administration.
“The removal of the fuel subsidy is not about the president or the group chief executive officer of the NNPC Limited, but about the good and wellness of Nigerians.
“It’s however sad that oppositions and some corrupt elements who are angered that their ill source of wealth has been blocked with the removal of subsidy have continued to sponsor hatred and lies against the hardworking chief executive of the NNPCL, Mallam Mele Kyari.
“We are, however, not surprised because every genuine change for growth meets strong resistance and force, and someone must bear the brunt.
“In the history of the oil company, Mr Kyari has proven to be a man of selfless service, integrity, outstanding astute industry technocrat, and professional par excellence.
“Nigerians will attest to the fact that Kyari’s achievements have surpassed all his predecessors for the past 20 years.
“He has distinguished himself to be a visionary and professional manager with a towering repertoire of the inner workings of the industry, having served in various positions over the years.
“In barely two months since the government stopped payment of fuel subsidy payment, he delivered a whopping N123 billion to FAAC. This is commendable.
“Before his assumption of office as the GMD of the defunct NNPC, there were a lot of unresolved and knotty issues lingering and hampering the sector from achieving its potential. He stepped in and proffered solutions to them.
“Even before the passage of the Petroleum Industry Act 2021, which he promoted, Kyari convinced Nigerians of the new direction of the NNPC by making the financial books open transparently for public probity, which has changed the opacity in the system.
“NNPC financial books have never been opened transparently for public scrutiny over the years, but Kyari changed the narratives.
“He has effectively deployed his wealth of experience to spearhead giant innovations which have helped in repositioning the NNPC today.
“In his bid to put an end to the business of oil thieves, in 2022, Kyari introduced the “Crude Theft Monitoring Application” (CTMA) to check the theft of Nigeria’s oil. The CTMA, which has been helpful in preventing oil theft, has application options for reporting incidents, with prompt follow-up and responses and another one for crude sales documents validation.
“Not quite long after Kyari assumed office, the stifling Covid-19 pandemic hit the world economy, which adversely affected the petroleum industry real hard; the price of crude oil dropped sharply in the international market, which affected our revenue earnings drastically but with resilience and careful handling of its affairs, we were able to come out stronger.
“While we plead with Nigerians to be patient as the dividends for their current pains will come soon, we urge the new NNPCL and its management to remain focused and sustain their good works even as the country navigates through these trying moments.”
General
Obasa Makes First Appearance at Lagos Assembly After Impeachment

By Adedapo Adesanya
Mr Mudashiru Obasa made his first appearance at the Lagos State House of Assembly complex on Thursday, February 27, 2025, after he was impeached as the Speaker on January 13, 2025.
The former speaker entered the chamber flanked by armed and uniformed security operatives, who ushered him into the premises.
Business Post reports that Mr Obasa was welcomed with an ovation by his supporters and well-wishers
The politician was welcomed at the entrance gate of the Assembly Complex.
The 40-member House removed the Agege I representative as Speaker by more than two-thirds of the house over alleged misconduct and corruption offences.
Mr Obasa’s then deputy, Mrs Mojisola Meranda, was immediately elected the new Speaker, becoming the first female to take charge of the legislative body in the South-West state.
With her emergence, Mrs Meranda, who represents Apapa Constituency I, ended the 10-year reign of Mr Obasa on the seat.
Mr Obasa was first elected into the House in 2007. He has been in the chamber since then. He emerged as a speaker in June 2015 before his removal in January 2025. He is believed to have the strong support of President Bola Tinubu, who reportedly asked for his return and the resignation of Mrs Meranda.
It is not immediately clear what the next development will be with his return to the chamber, but Mrs Meranda has about 36 members of the state parliament as loyalists. They have all supported and passed a vote of confidence on her, insisting that Mr Obasa has no room to return to the position despite claiming he was not lawfully removed from office.
Last week, some agents of the Department of Security Services (DSS) and legislative workers clashed in the chambers.
The incident led to 36 lawmakers passing a vote of confidence in Mrs Meranda, who was teary-eyed.
Meanwhile, the police had earlier allegedly withdrawn all the escorts attached to the speaker.
General
EFCC Laments Crypto Funding of Fraud Syndicates’ Cells

By Adedapo Adesanya
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, says organised foreign fraud syndicates are establishing cells in Nigerian cities and recruiting youths into serious organised cybercrimes, made easy by cryptocurrencies.
This was disclosed by the anti-graft agency in a statement signed by its spokesperson, Mr Dele Oyewale, on Thursday in Abuja.
Mr Olukoyede said this while receiving participants of the Executive Intelligence Management Course (EIMC) 18 of the National Institute for Security Studies (NISS) on Wednesday in Abuja.
He said the team was led by the institute’s Director of Studies, Mr Hyginus Ngele, to the commission.
Mr Olukoyede expressed surprise at how bandits and insurgents were able to sustain their activities in the country over the years.
He noted with concern, the rate of flow of small arms and light weapons across the borders and the involvement of non-state actors in the illegal exploitation of minerals in parts of the country.
The EFCC boss said all these activities compounded the threats in the security landscape.
“Another dimension that is not given attention is the discovery, recently, that organised foreign fraud syndicates are establishing cells in Nigerian cities.
”They are recruiting young Nigerians into serious organised cybercrimes, including cryptocurrency fraud.
“By the virtue of EFCC’s recent discovery, we are beginning to see the likelihood, the propensity that a lot of these people are into illegal importation of arms into the country using cryptocurrency as means of payment.”
According to him, this is an area that must interest all and sundry.
“In the special operations we carried out in Lagos recently, we arrested 194 foreigners in the heart of Victoria Island.
”They comprised Chinese, Filipinos, Eastern Europeans, Tunisians and among others in one building at a time. You can imagine what these guys are doing, 194 of them.
“Some of them don’t even have valid visas and most of the financial activities they carried out were through cryptocurrency,” he said.
He said the commission also discovered that some of the foreigners arrested were already ex-convicts in their countries.
“Some of them have been convicted and escaped from their countries and found safe haven in Africa, not only Nigeria.
“We discovered that they are also developing cells in some other African countries by virtue of the investigation we are carrying out,” he said.
The EFCC boss called for spirited efforts at both national and continental levels to combat the menace of internet fraud.
He stressed that the money laundering and national security dimension of the presence of foreign organised crime groups demanded close scrutiny.
“All security, intelligence and law enforcement organisations in Nigeria and indeed Africa, must close ranks in dealing with this challenge,” he said.
On his part, the NISS commandant, Mr Joseph Odama, who spoke through Mr Ngele, praised Mr Olukoyede’s leadership of the EFCC for the commission’s “remarkable achievements in combating corruption, money laundering, and other financial crimes.”
He noted that the achievements had not only strengthened Nigeria’s integrity but also served as a model for other nations in Africa and beyond.
He said the EFCC, under Mr Olukoyede, had been at the forefront of investigating and prosecuting financial crimes, including those involving non-state actors.
“Your commission’s exploratory activities have uncovered the intricate networks through which some NGOs and other entities channel funds to support hostile non-state actors, thereby, fueling instability in various parts of the country and the African continent.
“We recognise the critical role the EFCC plays in disrupting these networks and ensuring accountability.
“In light of this, we are particularly interested in hearing your insights on how your commission navigates the complexities of investigating and prosecuting cases involving non-state actors.
“We also seek your contributions on how Nigeria and other African nations can strengthen legal and institutional frameworks to address the challenges posed by these actors while promoting transparency and accountability in their operations.”
General
NSCDC Intercepts 1,571 Litres of Petroleum Products in Zamfara

By Adedapo Adesanya
The Zamfara State Command of the Nigeria Security and Civil Defence Corps (NSCDC) has intercepted 1,571 litres of petroleum products in the Northern state.
According to the security outfit, the products were illegally transported in jerry cans to banditry-prone areas.
The State Commandant, Mr Sani Mustapha, in a statement by the Public Relations Officer of the command, Mr Umar Muhammad, revealed that four suspects were arrested in connection with the crime at two separate locations.
Among them were two filling station pump attendants and two buyers apprehended in the Birnin Magaji and Tsafe Local Government Areas of the state.
Mr Muhammad disclosed that aside from transporting fuel from unauthorised locations, the suspects also violated the Executive Order prohibiting the sale of petroleum products in jerricans within Zamfara State.
He stated that two of the suspects were caught in Birnin Magaji with 1,296 litres of fuel, while the other two were arrested in Tsafe with 275 litres of the product.
“Today, we bring before you four suspects apprehended for illegal dealings of Premium Motor Spirit (PMS) in large quantities, violating the National and State Executive Order of petroleum products sales to retailers in jerry cans,” he stated.
The NSCDC assured citizens that investigations are ongoing and reaffirmed its commitment to enforcing the law to curb illegal fuel diversion and activities that could aid insecurity in the state.
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