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Senate approves MTEF/FSP 2025-2027 *Investigates NNPCL over N8.4trn withheld subsidy funds

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By George Mgbeleke Abuja
As the nation awaits the presentation of 2025  2025 budget  by President  Bola Tinubu before the joint session of National Assembly very soon, the Senate on Tuesday approved the 2025–2027 Medium Term Expenditure Framework, MTEF and Fiscal Strategy Paper, FSP earlier submitted by the President.
This was even as the Red Chamber mandated its joint Committees on Finance; Petroleum (Upstream) and Petroleum (Downstream) as well as Gas to investigate reports from the Revenue Mobilisation, Allocation and Fiscal Responsibility Commission, RMAFC, alleging that the Nigerian National Petroleum Company Limited, NNPCL withheld N8.48 trillion as claimed subsidies for petrol.
It noted that the investigation would address the Nigeria Extractive Industries Transparency Initiative, NEITI report, stating that NNPCL failed to remit $2 billion (N3.6 trillion) in taxes to the Federal Government.
The Senate further directed its committees to verify the total cumulative amount of unremitted revenue (under-recovery) from the sale of Premium Motor Spirit, PMS also known as petrol by the NNPCL between 2020 and 2023.
It also directed the relevant committees to carry out in-depth investigation of such agreements by the NNPCL, Nigerian Liquefied Natural Gas, NLNG and Immigration Services with a view to reconcile remittances to the Federation Account.
The approval followed the adoption of the report of Senate joint Committees on Finance; and National Planning & Economic Affairs, chaired by Senator Sani Musa (APC Niger East) during plenary.
In the three years projections, the Senate pegged the exchange rate at N1,400/$ for 2025, 2026 and 2027 respectively.
It also projected oil benchmark prices at $75, $76.2 and $75.3 per barrel for 2025, 2026 and 2027 respectively.
The Senate added that the three-year projections for domestic crude oil production had a significant increase from 1.78m bpd in the preceding year to 2.06, 2.10 and 2.35 for the subsequent years of 2025, 2026 and 2027, respectively.
It further projected Gross Domestic Product, GDP growth rates of 4.6 per cent, 4.4 per cent, and 5.5 per cent for 2025, 2026 and 2027.
The Red Chamber also projected the inflation rates at 15.75 per cent, 14.21 per cent, and 10.04 per cent for 2025, 2026 and 2027 respectively.
It, however, demanded a reduction in the petrol prices against the backdrop of the commencement of production at the Port Harcourt refinery.
According to the recommendations, “The 2025 Federal Government of Nigeria budget proposed spending of N47.9trilion of which N34.82 trillion is retained. New borrowings stood at N9.22trillion, made up of both domestic and foreign borrowings.
“Capital expenditure is projected at N16.48 trillion with statutory transfers standing at N4.26 trillion and sinking funds projected at N430.27billion.”
Speaking during debate on the report, the chairman of the Senate Committee on Appropriations, Senator Solomon Adeola (APC Ogun West) referenced the Federal Government’s Compressed Natural Gas, CNG initiative as the underlying imperative for the adoption of the N1,400 to one dollar.
“With the functioning of our refineries the demand for Forex will drop. With the CNG initiative, Nigerians will have an option for your information if you leave Benin to Lagos the amount of fuel is about 130,000 but with CNG you can’t use more than N48,000. Another issue to be addressed is the recurrent to-capital ratio which is very high,” he said.
In his contribution, the former Senate Leader, Senator Yahaya Abdullahi (PDP Kebbi North), stressed the need to support the manufacturing industries if the projections of the MTEF are to be achieved.
In his remarks, the Senate President, Senator Godswill Akpabio commended the chairman and members of the joint committees for their indepth analysis and general good work done on the document.

Law & Crime

Xmas : IPOB assures Igbos of hitch-free Xmas celebration, begs them to return en masse

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IPOB leader, Mazi Nnamdi Kanu

By Our Correspondent

Indigenous People of Biafra (IPOB), Sunday, begged Ndigbo living within Nigeria and in Diaspora who plan to come home for the Christmas festivities to do so, assuring that its security outfit, Eastern Security Network, (ESN, operatives and IPOB volunteers will ensure security throughout the entire South East region within the period under review.

Making the urge through its image maker, Emma Powerful, the movement said that, “The South East Region is Nigeria’s most tranquil area. Despite the sponsored instability in the East over the last 4 years, the security conditions have notably enhanced.

“The government and their backed criminals have depleted their orchestrated insecurity employed to blackmail IPOB and ESN. Despite all the antics and deadly deeds of hyenas and jackals, the landowners remain present to defend and hold onto their territory. The Eastern region has consistently been secure and will always remain secure since Ndigbo are inherently peaceful.

“Thus, we urge Ndigbo and their friends wishing to visit Ala Igbo this Christmas to return home and experience the warmth of the Land of the Rising Sun. Our people need to disregard the funded and exaggerated media effort portraying insecurity in the Biafra region.

“We acknowledge that there are areas of insecurity in Biafra Land, as we are affected by the broader insecurity occurring in Nigeria. Nonetheless, IPOB and ESN, alongside the support of Ndigbo, have performed admirably in maintaining the security of Alaigbo relative to other areas.

“We aim to take this opportunity to clarify the false rumors circulating on social media regarding the alleged kidnapping of some passengers at Ngor Okpala along the Owerri – Aba expressway recently. The mentioned kidnapping event was false.

“The footage of the abduction incident was an old clip that reappeared on social media. Numerous security tasks have been carried out discreetly by the ESN Operatives without any social media attention. The public should be aware that ESN lacks any social media accounts.

“Do not anticipate observing their activities on social media apart from those that IPOB leadership has authorized for posting. The absence of continuous killings and abductions in that Eastern region serves as evidence that there are Lions guarding the Land. Those spreading the falsehood that ESN Operatives have been wiped out should question the Fulani terrorists about their avoidance of the Eastern region. The Igbo proverb states, “onye si na Osimmiri atala, ya tinye ukwu ya” (whoever claims a river is dry should place their feet in it).

“The Nigerian government, along with certain self-serving Igbo politicians, has attempted and been unsuccessful in breaking up ESN and IPOB. The Biafra Restoration project led by IPOB is a sacred initiative. Thus, darkness cannot eliminate light. The restoration of Biafra is a summons from Chukwu Okike Abiama (God Almighty), and it will materialize at the appropriate moment. In the end, we invite our people to come back home for Christmas in large numbers and to also bring some investments to be made in our region.

“Do not allow anyone or the government to use fear tactics to make you abandon Biafra Land. We greet you during this joyful season. May God bless each of you and provide safe travels on roads, oceans, and in the air. Iseeeee”, IPOB prayed.

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Law & Crime

Niger Delta bishops visit Rivers’ DSS director, over security concerns

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Bishop John Ogolo

By Magnus Chukwudi, Port Harcourt

The Niger Delta Indigenous Bishops and Ministers’ Forum, NDIBAMF, last Friday paid a courtesy visit to the Department of State Services, DSS, to discuss rising security concerns affecting churches across the oil-rich region.

The senior clerics’ visit which came barely a week after a similar visit to the 6 Division of the Nigeria Army Headquarters, Port Harcourt followed widespread social media reports of bandits allegedly moving into the Niger Delta, with particular concerns for Rivers State.

Speaking at the meeting, Chairman of the Forum, Bishop John Ogolo, expressed sincere appreciation to the Director General DG of the DSS, for providing reliable security that has contributed significantly, to peace and safety across the state.

Bishop Ogolo, the Prelate of Lovers of Christ Ministry, commended the agency’s continuous efforts in tackling various threats to the life and property of citizens, vouching that their sacrifices are not taken for granted.

Bishop Ogolo also sympathized with the DG over the casualties security operatives encounter, while protecting the nation’s citizens and critical infrastructure, reassuring the DSS, that the prayers of the Christian community rest on them, vowing that their efforts to sustain peace will continue to yield positive results.

“We sincerely regret the increasing security challenges our pastors, church workers, and worship centres, face, particularly in remote and less-protected areas, hence this our visit aims at deepening collaboration with your organization, to ensuring that worship centres remain safe for religious activities.

The Christian community therefore calls for stronger intelligence sharing, rapid response mechanisms, and proactive measures, to prevent threats before they escalate,” they requested.

Addressing newsmen on the aim of the visit, the President General of NDIBAMF, Archbishop Julius Ediwe, appreciated the warm reception from the Director and his officers. He said the State, and indeed, the entire South-South is peaceful, urging churches to remain calm, as the DSS is fully in control of ensuring safety and maintaining peace.

In his response, the Director General of the DSS, Adeola Olunwantosin Ajayi, assured the delegation of the agency’s commitment to supporting peaceful religious gatherings and strengthening security coordination across the region. He commended the Forum for taking the initiative to engage directly with security agencies.

The meeting is expected to pave the way for stronger cooperation between the Church and security sector, with a shared commitment to protecting lives, ensuring stability, and promoting peaceful coexistence within the Niger Delta. ###.

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Law & Crime

Police foils cult clash in Anambra, arrest two recover firearm, live ammunition

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IGP Kayode Egbetokun

By Our Correspondent
Anambra State Police Command has foiled a planned cult clash in Enugwu Ukwu, Njikoka Local Government Area of the state, and arrested two suspected cultists while others escaped into the bush.

This was disclosed by the state Police Public Relations Officer, PPRO, SP Tochukwu Ikenga in a statement made available to journalists in Awka on Saturday, December 6, 2025.

According to him, the operatives who are attached to the Special Anti-Cult Squad (SPACS) Enugwu Ukwu, while acting on actionable intelligence received a signal regarding the gathering of a dangerous cult group for a planned rivalry fight in the early hours of Wednesday, December 4, 2025.

He explained that following the intelligence report, the operatives swiftly mobilized to the scene and arrested two suspects identified as Oluebube Ifediorah, male, aged 21 years, and Offorbuike Emmanuel, male, aged 25 years.

The police spokesman added, “The suspects were apprehended during the operation in Enugwu Ukwu town, where the cult group had allegedly converged in preparation for the violent clash.

“The police recovered a locally-made double-barrel shotgun and two live cartridges from the suspects during the operation.

“The recovered firearm was found inside a red bag that the first suspect, Oluebube Ifediorah, had on him at the time of arrest, while several other members of the cult gang reportedly fled the scene into the surrounding bush upon sighting the operatives.”

He revealed that the recovered firearm was found inside a red bag that the first suspect, Oluebube Ifediorah, had on him at the time of arrest, while several other members of the cult gang reportedly fled the scene into the surrounding bush upon sighting the operatives.

While noting that efforts are currently in top gear to track down and apprehend the remaining members of the gang who escaped during the operation, Ikenga said that the arrest and recovery is part of the ongoing efforts of the Anambra State Police Command to rid the state of cult-related violence and other criminal activities.

He further disclosed that the Commissioner of Police, CP Ikioye Orutugu has commended the operatives for their swift response and professionalism in preventing what could have led to loss of lives and destruction of property.

He said, “The CP has once again urged residents of the state to continue providing timely and credible information to the police to aid in the fight against cultism and all forms of criminality across the state.”

The PPRO further said that the suspects are currently in custody and will be charged to court upon the conclusion of investigations..

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