NNPC Raises Petrol Price to N955 in Abuja, N915 in Lagos

World Bank: SERAP tells NNPCL to Account for Missing N500BN

Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Bayo Bashir Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPCL) Limited “to account for and explain the whereabouts of the missing N500 billion, which the NNPCL failed to remit to the Federation Account, between October 2024 and December 2024, as revealed by the World Bank.” SERAP urged Mr Ojulari “to identify those suspected to be involved, surcharge them for the full amount involved, and hand them over to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) for investigation and prosecution.” SERAP also urged Mr Ojulari “to invite the EFCC and ICPC to investigate the spending and whereabouts of the N500 billion, and to ensure the full recovery and remittance of the money to the Federation Account without further delay. The World Bank had last week disclosed that out of the N1.1trn revenue from crude sales and other income in 2024, the NNPCL only remitted N600bn, leaving a deficit of N500bn unaccounted for. The International Monetary Fund (IMF) also recently called for the subsidy removal savings to be transferred to the national budget. In the Freedom of Information request dated 17 May 2025 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “There is a legitimate public interest in explaining the whereabouts of the alleged missing N500 billion oil money and grave violations of the Nigerian Constitution 1999 [as amended]’” SERAP said, “The country’s oil wealth ought to be used solely for the benefit of the Nigerian people, and for the sake of the present and future generations.” According to SERAP, “Nigerians have the right to know why the NNPCL failed to remit the subsidy removal savings to the Federation Account, and why the NNPCL is deliberately denying states and local governments their allocations from the Account, contrary to the provisions of the Nigerian Constitution 1999 [as amended]” The letter, read in part: “Nigerians continue to bear the brunt of these missing public funds from the NNPCL meant for the economic development of the country. “We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel the NNPCL to comply with our requests in the public interest. “The missing oil revenue reflects a failure of NNPCL accountability more generally and is directly linked to the institution’s continuing failure to uphold the principles of transparency and accountability. “The Nigerian Constitution, Freedom of Information Act, and the country’s anti-corruption and human rights obligations rest on the principle that citizens should have access to information regarding the spending of their commonwealth. “SERAP notes that the Supreme Court in a groundbreaking judgment recently declared that the Freedom of Information Act ‘is applicable and applies to the public records in the Federation’, including those kept by the NNPCL. “SERAP is concerned that the Auditor-General of the Federation and Nigeria Extractive Industries Transparency Initiative (NEITI) have for many years documented reports of disappearance of oil money from the NNPCL. “The allegations have undermined economic development of the country, trapped the majority of Nigerians in poverty and deprived them of opportunities. “The failure by the NNPCL to remit the money to the Federation Account is a grave violation of the public trust and the provisions of the Nigerian Constitution, national anticorruption laws, and the country’s obligations under the UN Convention against Corruption. “Despite the country’s enormous oil wealth, ordinary Nigerians have derived very little benefit from oil money primarily because of widespread grand corruption, and the entrenched culture of impunity of perpetrators. “Combating the corruption epidemic in the oil sector would alleviate poverty, improve access of Nigerians to basic public goods and services, and enhance the ability of the government to meet its human rights and anti-corruption obligations. “According to our information, the World Bank recently disclosed that out of the N1.1tn revenue from crude sales and other income in 2024, the NNPCL only remitted N600bn, leaving a deficit of N500bn unaccounted for. “The revenue and other income were expected to be paid into the Federation Account and shared by all levels of government but the NNPCL reportedly failed to do so. “SERAP notes that Section 15(5) of the Nigerian Constitution 1999 (as amended) requires public institutions to abolish all corrupt practices and abuse of power. “Section 13 of the Nigerian Constitution imposes clear responsibility on the NNPCL to conform to, observe and apply the provisions of Chapter 2 of the constitution. “Nigeria has made legally binding commitments under the UN Convention against Corruption to ensure accountability in the management of public resources. Articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on the NNPCL to ensure proper management of public affairs and public funds. “These commitments ought to be fully upheld and respected. “Explaining the spending details and whereabouts of the missing N500 billion public funds, identifying those suspected to be responsible and ensuring that perpetrators are brought to justice and the full recovery of any missing public funds would serve the public interest and end the impunity of perpetrators. “The missing oil revenue has also impeded Nigerians’ ability to enjoy their economic and social rights, and denied them access to essential public goods and services, especially at the time of cost of living crisis in the country. “The missing oil revenue has further damaged the already precarious economy and contributed to very high levels of deficit spending by the government. “Had the NNPCL accounted for and remitted the alleged missing N500 billion to the Federation Account, it is likely that more funds would have been allocated to the fulfillment of economic and social rights, such as increased spending on public goods and services. “Without the full recovery and remittance of the missing N500 billion of oil revenue, the dire economic situation may worsen and Nigerians will continue to…

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Kidnappers Kill Ondo APC Chairman Despite N5m Ransom Payment, Police Launch Manhunt

The All Progressives Congress (APC) chairman for Ward 5 in Ifon, Ose Local Government Area of Ondo State, Nelson Adepoyigi, has been killed by his abductors despite a ransom payment of ₦5 million. Adepoyigi was kidnapped on Monday night near his residence along the Ifon/Owo road. Initially, the kidnappers demanded ₦100 million, which was later negotiated down by the victim’s family. However, in a shocking twist, the two men sent to deliver the ransom—Bayode Loco and Isimeri—were also abducted, and a fresh demand of ₦30 million was made for all three. On Sunday, the Chairman of Ose Local Government, Clement Kolapo Ojo, confirmed Adepoyigi’s death in captivity. In a statement by his spokesperson, Oluwaseun Ogunniyi, Ojo revealed that the two ransom bearers had been released to deliver the tragic news. He described the killing as “deeply saddening and utterly painful,” offering condolences to Adepoyigi’s family and political associates, and called for urgent federal intervention to curb the surge in insecurity in the state. Ojo condemned the rising spate of kidnappings and violent crimes plaguing Ose and neighbouring communities. He noted that the attack follows other recent abduction attempts, including one involving a resident who narrowly escaped being kidnapped at his doorstep. “This pattern of brazen abductions confirms that insecurity has taken a dangerous and intolerable dimension,” he warned. Ondo State Commissioner of Police, Wilfred Afolabi, confirmed that the command’s tactical team has launched a manhunt in the Ifon forests to verify Adepoyigi’s death and pursue the kidnappers. “Our men are combing the area to smoke out the captors,” Afolabi said, promising that further updates would be provided as the investigation unfolds.

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ISWAP Terrorists Massacre Over 50 Farmers in Borno’s Kukawa LGA

Suspected members of the Islamic State West Africa Province (ISWAP) have killed at least 50 farmers in a brutal attack on Malam Karanti village, Kukawa Local Government Area of Borno State. The massacre reportedly occurred on Thursday after rival Boko Haram fighters ambushed the area, which had been under ISWAP control. The farmers had previously secured protection through a levy agreement with an ISWAP commander, Amir Akilu. However, in his absence, they were accused of espionage and siding with enemy factions. According to eyewitness accounts, the assailants rounded up the farmers—who were harvesting beans—and issued a deadly warning against escape. Survivors said over 50 were slaughtered on the spot, while others were abducted. “They gathered us and warned anyone trying to flee would be killed. Many tried, and most were slaughtered,” one survivor told reporters. The terrorists reportedly extended their assault to Dawashi community on Friday, though casualty details from that location remain unconfirmed. As of press time, there has been no official response from Nigerian security agencies or government authorities. This attack comes just five months after a similar massacre claimed the lives of 40 farmers in Dumba, also in the Baga axis. The latest violence underscores the persistent insecurity in Borno State, where farming communities remain vulnerable despite ongoing military operations aimed at restoring peace to the northeast.

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Two Dead as Mexican Navy Ship Crashes Into Brooklyn Bridge

A Mexican navy ship has crashed into New York’s Brooklyn Bridge, leaving two crew members dead and at least 17 other people injured. The Mexican navy said in a post on X that the Cuauhtemoc, an academy training vessel with 277 people on board, was damaged in the collision. Video posted online showed the ship, which was flying a large Mexican flag, travelling in reverse and hitting the underside of the bridge. It sheared the top of its masts and drifted towards the Brooklyn side of the East River as onlookers scrambled away from shore. Naval cadets dressed in white uniforms could be seen dangling from the ship’s crossbeams after the crash. New York City mayor Eric Adams said two people had died and 17 others were injured, including two who were in a critical condition. Witnesses said they saw two people removed from the ship on stretchers. No one is thought to have fallen into the water. The 147ft (45m) masts were too tall to clear the arched bridge and toppled when the vessel, named after the last Aztec emperor, sailed in reverse underneath. The Cuauhtemoc, a Mexican navy training ship, struck the Brooklyn Bridge in New York on Saturday evening It was unclear what caused the ship to veer off course. New York police chief Wilson Aramboles said the ship had just left a Manhattan pier and was supposed to have been headed out to sea, not towards the bridge. He said an initial report suggested the vessel lost power due to a mechanical problem. Police commissioner Jessica Tisch said the National Transportation Safety Board would be taking over the investigation. Mr Adams said a “unified effort” was under way to “make sure that we look after all of those who were on the ship”. The bridge, which is a main conduit between Manhattan and Brooklyn, has since reopened with no major damage. The Cuauhtemoc is about 297ft (90m) long and 40ft (12m) wide, according to the Mexican navy. It was built in Spain and sailed for the first time in 1982. Each year, it sets out at the end of classes at the naval military school to finish cadets’ training. It left the Mexican port of Acapulco, on the Pacific coast, on 6 April with 277 people onboard, the navy said at the time.

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Nigeria’s Favour Ofili Makes History Smashes 150m World Record with 15.85s in Atlanta

Nigeria’s sprint star, Favour Chukwuka Ofili, has made athletics history after smashing the women’s 150m world record in Atlanta, USA. The 22-year-old, fondly called “Star Girl,” clocked an astonishing time of 15.85 seconds on the long track at Atlanta’s Piedmont Park, obliterating the previous mark of 16.23 seconds set by Bahamian Olympic champion Shaunae Miller-Uibo in 2018. Ofili, who competes in the 100m, 200m and 4x100m relay, became the first woman ever to run the 150m in under 16 seconds. Tamari Davis finished second in the race, also surpassing the old world record with a time of 16.14 seconds. Though the 150m is not a standard event at the Olympics or World Championships, Ofili’s performance has been hailed globally as one of the fastest sprints ever recorded by a female athlete.

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APC North West Endorses Tinubu for 2027 Cites Leadership Gains and Regional Development

The North West zone of the All Progressives Congress (APC) has formally endorsed President Bola Ahmed Tinubu for re-election in 2027, declaring unwavering support for his leadership and policies. The endorsement was announced following a high-profile stakeholders’ meeting held in Kaduna on Saturday. The meeting was attended by an influential delegation of APC figures, including all governors from the North West, the Speaker of the House of Representatives, Deputy Senate President, former governors, the APC National Chairman, state party chairmen, federal lawmakers, ministers, and other top government officials. Speaking on behalf of the stakeholders, Kaduna State Governor and APC North West Coordinating Governor, Senator Uba Sani, read a communiqué that emphasized the zone’s full backing of Tinubu’s administration. He commended the President’s “purposeful leadership, bold reforms, and unwavering commitment to Nigeria’s progress,” particularly highlighting gains in the North West. According to Sani, Tinubu’s efforts have led to marked improvements in security, with farmers returning to their fields and displaced communities beginning to experience peace once again. The stakeholders further applauded what they described as unprecedented federal inclusion for the North West under Tinubu’s administration. They cited the appointment of 12 ministers from the region, strategic roles in the National Assembly, and key positions in the security architecture as evidence of Tinubu’s commitment to equitable representation. In addition, major infrastructure projects currently underway across the zone were seen as a transformative step toward development, fueling optimism about long-term regional growth. Concluding the meeting, the APC leaders expressed confidence that the party is growing stronger nationally, attributing its momentum to the public’s increasing trust in Tinubu’s governance and the effective performance of APC governors. They affirmed that the North West will remain a critical pillar of support for the President as he seeks a second term, positioning the zone as a key battleground for consolidating APC’s power in the 2027 elections.

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Crystal Palace 1-0 Manchester City: Eze’s Strike Secures Historic FA Cup Triumph

Crystal Palace clinched their first-ever FA Cup title with a stunning 1-0 victory over Manchester City at Wembley, thanks to a sensational goal from Eberechi Eze and a crucial penalty save by Dean Henderson. Eze’s composed finish in the first half gave The Eagles a deserved lead, and despite relentless pressure from City, Palace held firm. The defining moment came late in the second half when City were awarded a penalty, but Henderson denied Omar Marmoush from the spot, sparking jubilant scenes among the Palace faithful. It marks a historic day for the South London club, capping off a fairytale run to the cup under manager Oliver Glasner.

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FA Cup Final: Man City Versus Crystal Palace

The 2025 FA Cup Final takes place today, Saturday, May 17, at Wembley Stadium, featuring Manchester City and Crystal Palace. Kick-off is scheduled for 4:30 PM BST (3:30 PM GMT). Manchester City, aiming for their eighth FA Cup title, have made five changes to their lineup, including the return of Kevin De Bruyne, who may be making his final appearance for the club . Crystal Palace, under manager Oliver Glasner, are seeking their first major trophy, with midfielder Adam Wharton returning to the starting XI . The match promises an exciting contest between the experienced City side and a determined Palace team

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