General
MOSOP Urges Tinubu to Investigate Looted $300m Ogoniland Compensation Fund
By Adedapo Adesanya
The Movement for the Survival of the Ogoni People (MOSOP) has called on the Nigerian government to investigate the alleged looting a $300 million compensation and infrastructure fund in Ogoniland.
The group described the act as a betrayal of the people and a gross denial of justice.
The fund, secured through an out-of-court settlement with the Nigerian National Petroleum Company (NNPC) Limited, was meant to address decades-long underdevelopment and compensate the Ogoni people as part of efforts to resolve the historic oil conflict in the region.
According to MOSOP President, Mr Fegalo Nsuke, the alleged looting of the fund amounts to a deliberate effort to stall the region’s development and prolong the suffering of its people.
“It is important for the Ogoni people to know what happened to their $300 million infrastructural development fund. This is no joke. Such money cannot be allocated to solve critical national problems which have lingered for over three decades and it ends up in the pockets of a few people while the problem persists,” he said in Port Harcourt.
Mr Nsuke, who had previously expressed skepticism about the existence of the fund, said there is now “overwhelming evidence” of misappropriation, and called on President Bola Ahmed Tinubu’s administration to launch an immediate probe.
“We want accountability. The only way the Nigerian government can absolve itself of blame is to initiate a probe and get the money returned to work for Ogoni,” he said.
The MOSOP president emphasized that the looted fund, if properly managed, could have provided basic infrastructure including clean water, electricity, roads, and improved education for thousands of Ogoni residents.
“The money in question could have addressed the water crisis, electricity, roads, and education needs of our people. We cannot be crying of human rights violations in Ogoni while we do this to ourselves.
“We actually had a solution, and personal greed thwarted it. This is a worse form of injustice than some of the allegations we have leveled against the Nigerian state.”
Describing the theft as “economic injustice of the highest order,” Mr Nsuke insisted that silence from the federal government would only fuel suspicions of complicity.
“Ogoni people want this problem to be resolved. The starting point should be an investigation into what happened to the $300 million infrastructural development fund paid by the NNPC. We want a probe now and want the money back.
“People cannot share some $300 million meant for social development and expect the people to be silent. Ogoni is now fully aware the money was allocated to drive development in the land and the money is in private pockets.”
The MOSOP leader called on anti-corruption agencies, civil society organizations, and international partners to support efforts aimed at recovering the funds and ensuring that justice is delivered to the Ogoni people.
By Modupe Gbadeyanka
A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.
The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.
This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.
“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.
“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.
The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.
Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
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