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President Buhari Unveils New NNPC LTD

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President Buhari with GMD NNPC Mele Kyari

 

President Muhammadu Buhari has unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed.

Speaking at the historic occasion at State House Conference Centre, the President said Africa’s largest National Oil Company (NOC) would also support sustainable growth across other sectors of the economy as it delivers energy to the world.

At the event, which featured a Special rendition of the Theme Song ”Energy for today, Energy  for tomorrow, Energy for Everyone’‘ by an Ensemble, the president recounted how God had used him to consistently play an important role in shaping the destiny of the country’s NOC in the last 45 years.

He expressed optimism that the NNPC Limited would sustainably deliver value to its over 200 million shareholders and the global energy community; operate without relying on government funding and free from institutional regulations such as the Treasury Single Account (TSA).

‘‘This is a landmark event for the Nigerian oil industry.

‘‘Our country places high premium in creating the right atmosphere that supports investment and growth to boost our economy and continue to play an important role in sustaining global energy requirements.

‘‘We are transforming our petroleum industry, to strengthen its capacity and market relevance for the present and future global energy priorities.

NNPC directs private depot owners to sell at government approved price or be blacklisted

‘‘By chance of history, I was privileged to lead the creation of the Nigerian National Petroleum Corporation on July 1, 1977. Forty-Four (44) years later, I was again privileged to sign the Petroleum Industry Act (PIA) in 2021, heralding the long-awaited reform of our petroleum sector,” he said.

According to him, the provisions of PIA 2021, have given the Nigerian petroleum industry a new impetus, with improved fiscal framework, transparent governance, enhanced regulation and the creation of a commercially-driven and independent National Oil Company.

He said this would enable the company to operate without relying on government funding and free from institutional regulations such as the Treasury Single Account, Public Procurement and Fiscal Responsibility Acts.

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‘‘It will, of course, conduct itself under the best international business practice in transparency, governance and commercial viability.

‘‘Coincidentally, I, on the 1st of July 2022 authorized transfer of assets from the Nigerian National Petroleum Corporation to its successor company, the Nigerian National Petroleum Company Limited, and steered the implementation leading to the unveiling of Africa’s largest National Oil Company today.

‘‘I therefore thank Almighty God for choosing me to consistently play an important role in shaping the destiny of our National Oil Company from the good to the great,’’ he added.

The president, therefore, assured stakeholders in the industry that Africa’s largest NOC would adhere to its fundamental corporate values of Integrity, Excellence and Sustainability, while operating as a commercial, independent and viable NOC at par with its peers around the world.

He further stated that the company would focus on becoming a dynamic global energy company of choice to deliver energy for today, for tomorrow, for the day days after tomorrow.

He thanked the leadership and members of the National Assembly for demonstrating uncommon courage and patriotism in the passage of PIA that culminated in the creation of NNPCL.

Minister of State for Petroleum Resources, Timipre Sylva, said with the signing of the PIA, which assured international and local oil companies of adequate protection for their investments, ”the nation’s petroleum industry is no longer rudderless”.

He said: ‘‘From the onset of this administration, Mr. President never concealed his desire to create a more conducive environment for growth of the oil and gas sector, and addressing legitimate grievances of communities most impacted by extractive industries.

‘‘While the country was waiting for the PIA, Nigeria’s oil and gas industry lost about $50 billion worth of investments.

”In fact, between 2015 and 2019, KPMG states that “only 4 percent of the $70 billion investment inflows into Africa’s oil and gas industry came to Nigeria even though the country is the continent’s biggest producer and the largest reserves.

‘‘We are setting all these woes behind us, and a clear path for the survival and growth of our petroleum industry is now before us.”

Sylva described the unveiling of NNPC Limited as a new dawn in the quest for the growth and development of the Nigerian Oil and Gas Industry, opening new vintages for partnerships.

He thanked the president for his ”unparalleled leadership, steadfastness, and unalloyed support towards ensuring that the country’s oil and gas industry is on a sound footing”.

The Group Chief Executive Officer of NNPC Limited, Mele Kyari, announced that the company had adopted a strategic initiative to achieve the mandate of energy security for the country by rolling out a comprehensive expansion plan to grow its fuel retail presence from 547 to over 1500 outlets within the next six months.

He assured stakeholders and the global energy community that the new company was endowed with the ‘‘best human resources one can find anywhere in the industry.

‘‘NNPC Limited is positioned to lead Africa’s gradual transition to new energy by deepening natural gas production to create low carbon activities and positively change the story of energy poverty at home and around the world.” (NAN)

 

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NDA Announces Date for Nationwide Screening Test

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By Yusuf Danjuma Yunusa

The Nigerian Defence Academy has announced that its Screening Test for the 78 Regular Course will hold on Saturday, 13 June 2026 across all states of the federation and the Federal Capital Territory.

In a statement issued on its X handle on Tuesday and signed by the Academy Registrar, the institution said the exercise is open only to candidates who scored 180 and above in the Unified Tertiary Matriculation Examination conducted by the Joint Admissions and Matriculation Board in April 2026, and who selected the NDA as their first-choice institution.

According to the NDA, eligible candidates will receive an email on 20 May 2026 directing them to select their preferred state for the screening test.

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The academy noted that this step is necessary for the allocation of examination centres nationwide.

The statement added that candidates must complete their selection of preferred test location no later than 24 May 2026.

The NDA advised applicants to choose their state of residence as their examination location, emphasising that the screening exercise will be conducted simultaneously across the country.

It further stated that candidates will later be informed of their assigned centres in the first week of June 2026.

“The selection of location (State) of choice for the test is to be done latest by 24 May 2026,” the statement read.

It also assured candidates of timely communication and further instructions via email, stressing that the Academy remains committed to fairness and equal opportunity for all qualified applicants nationwide.

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EFCC Arrests Fleeing Ex-Power Minister, Saleh Mamman in Kaduna

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The Economic and Financial Crimes Commission, EFCC, has arrested a fleeing former Minister of Power, Saleh Mamman, in Rigasa area of Kaduna State.

Mamman was arrested in the early hours of Tuesday, May 19, 2026 following weeks of intensive surveillance and intelligence gathering by operatives of the Commission.

Addressing journalists on the arrest, Executive Chairman of the EFCC, Ola Olukoyede, disclosed that the former minister went underground after he was convicted by the Federal High Court sitting in Abuja on corruption charges.

“On May 7, 2026, Justice James Omotosho found Mamman guilty on all 12 counts bordering on diversion of funds meant for the Zungeru and Mambilla hydroelectric power projects. The court convicted him in absentia after agreeing with the Commission that the prosecution had proved its case beyond reasonable doubt,” he said.

“For us, getting the convict to serve his jail terms is extremely important in view of the seriousness with which we are tackling corrupt practices. It is this resolve that made us deploy intelligence to tracking and arresting the convict. We will process his transmission to the Correctional Centre accordingly”, he said.

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Justice Omotosho had, in his judgment, held that the EFCC successfully established that Mamman and his associates diverted not less than N22 billion meant for the execution of critical power projects. The court further held that the defence failed to present credible evidence capable of discrediting the prosecution’s case.

The judge condemned the diversion of public funds earmarked for the Zungeru and Mambilla hydroelectric projects, describing the act as a gross abuse of public trust. He also noted that the convict deployed proxy companies and associates to siphon and benefit from funds meant for critical national infrastructure.

Mamman, who served as Minister of Power between 2019 and 2021 under the administration of former President Muhammadu Buhari, supervised Nigeria’s power sector and major hydroelectric projects, including the Mambilla and Zungeru power projects.

Following his conviction, the court ordered that he be arrested and produced before it on May 13, 2026, for sentencing. However, the convict failed to appear in court on the scheduled date, prompting the court to proceed with sentencing in his absence.

Justice Omotosho subsequently sentenced Mamman to seven years imprisonment each on Counts 1, 2, 3, 6, 7, 8, 9, 10, 11 and 12 without an option of fine. He was also sentenced to three years imprisonment on Count 4 with an option of N10 million fine and two years imprisonment on Count 5 without an option of fine.

The court further ordered that the sentences run consecutively, bringing the total jail term to 75 years.

Apart from the conviction, Mamman is also facing another corruption trial before the Federal Capital Territory High Court, Abuja, over alleged N31 billion fraud.

On May 11, 2026, Justice Maryanne Anenih issued a bench warrant for his arrest following his failure to appear for proceedings in the matter involving him and seven others.

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JUST IN: Kwara Gov Endorses Yahaya Seriki as Successor

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By Yusuf Danjuma Yunusa

Kwara State Governor, AbdulRahman AbdulRazaq, has endorsed Yahaya Seriki as his preferred successor ahead of the 2027 governorship election in the state under the platform of the All Progressives Congress.

The governor made the announcement in a Facebook post on Tuesday.

Announcing his preferred successor, the governor said the decision followed what he described as extensive consultations with party stakeholders and leadership structures across the state.

“Following extensive consultations with party structures and leadership, I am pleased to endorse Ambassador Abdulfatai Yahaya Seriki as my preferred successor under the platform of our party, the All Progressives Congress (APC),” the statement read.

The governor described Yahaya Seriki as a youthful and people-oriented politician with strong political mobilisation capacity and widespread grassroots acceptance across the state.

“Young, pro-people, astute, and broad-minded, Amb. Yahaya Seriki has been a great political mobiliser with profound investments in and extensive goodwill among the people of Kwara State.

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“I have no doubt about his capacity and that his choice is appropriate for the people of our state at this time,” AbdulRazaq added.

The governor, however, clarified that his endorsement does not invalidate the aspirations of other governorship hopefuls seeking the APC ticket ahead of the party’s primary election slated for Thursday, May 21, 2026.

“While this does not in any way preclude all other aspirants from contesting in the primaries, I urge members and leaders to affirm the choice of Seriki as our candidate for cohesion, unity, and continuous success of the party as we hold our gubernatorial primaries on Thursday, May 21, 2026,” he said.

AbdulRazaq also stressed that the endorsement should not be interpreted as a rejection of other aspirants jostling for the party’s ticket, noting that all contenders possess commendable leadership qualities.

“The choice of Amb. Yahaya Seriki is neither a disapproval of any of our eminently qualified aspirants nor a whimsical attempt to delegitimise the noble aspirations of our people.

“But in a race involving some 16 great minds for one office, only one person can take the shot at a time,” the governor stated.

He further commended the conduct and maturity displayed by the governorship aspirants within the ruling party, praising their commitment to sustaining the achievements of his administration.

“Finally, I acknowledge and commend the statesmanship of our aspirants, all of whom have shown discipline and impressive capacity to build on the undeniable achievements of our administration over the last seven years for the good of the people of Kwara State,” the statement added.

The endorsement is expected to shape the dynamics of the APC governorship primary in the state, with Yahaya Seriki emerging as a leading contender in the race to succeed AbdulRazaq in 2027.

AbdulRazaq, who is expected to complete his constitutionally mandated two-term tenure by 2027, recently participated in the APC senatorial primary for the Kwara Central Senatorial District ticket.

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