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Punch Newspapers Sections Okechukwu Nnodim, Tony Okafor, Hindi Livinus and Ada Wodu  Published 29 April 2021 Published 29 April 2021 The Nigerian National Petroleum Corporation has alerted the federal and state governments to its dwindling contribution to the federation account as a result of the bloated fuel subsidy. It said it would only be able to remit N12.966bn to the Federation Accounts Allocation Committee in June after removing fuel subsidy from its income. The corporation, which stated this in a document titled, ‘January to March actual and April to June projected remittance to...

The Nigerian National Petroleum Corporation has warned that it would not make any remittance to the Federation Account Allocation Committee in the month of May after spending N111.966 billion to subsidy petrol consumption in March.

More trouble for Nigeria as fuel subsidy wipes off oil revenue The announcement by the NNPC will have telling consequences for the nation's economy. The Nigerian National Petroleum Corporation (NNPC) has said that it will remit nothing into the federation account in the month of May due to costs incurred from subsidy payments on petrol. The NNPC made this known in a letter written to the Accountant-General of the Federation, where it explained that it recorded a value shortfall of N111bn in February 2021. The shortfall, the NNPC said, will affect its contributions to federal allocations to s...

NDLEA Arrests 10 Students For Drug Peddling In Ebonyi   The National Drug Law Enforcement Agency (NDLEA) Ebonyi state command on Friday, arrested ten drug dealers alongside substances believed to be Cannabis Sativa. The arrest was announced by the NDLEA Commandant in Ebonyi, Umar Isa Adoro. According to him, concerted efforts have so far being made to stop dealers in hard drugs from operating in the state. He said the suspects were apprehended on march 3 in an operation in one of the hostels of the Ebonyi sta...

Pastor’s Wife Accuses Husband Of Sleeping With Church Members, Seeks Divorce Jummai also alleged that her husband had a bed in the church office, which he was using to commit adultery. by Saharareporters, New York Mar 02, 2021 The wife of the pastor of a new generation church has approached a Yola Upper Area Court in Adamawa State to dissolve her marriage to her husband, whom she allegedly caught sleeping with female church members. Mrs Jummai Mala, who also claims to be the breadwinner of the family, alleged in court filings that her husband, Pastor Yakubu Ayuba, had three kids sleeping w...