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NNPC Holds Anti-Fraud Training for Staff to Crush Corruption

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By Dipo Olowookere

The Nigerian National Petroleum Corporation (NNPC) will equip 50 percent of its work force with requisite knowledge on how to identify and examine fraud as part of measures to stamp out corruption from its system.

The Group Managing Director of the NNPC, Dr Maikanti Baru, made this commitment on Tuesday in Abuja while receiving a delegation of the Association of Certified Fraud Examiners (CFE), Abuja Chapter, led by its President, Mr Ishili Emmanuel.

The GMD said training staff on fraud examination would ensure that NNPC was not involved in the five per cent annual global revenue loss to fraud.

“We will seize the opportunity offered by the CFE to train at least 50 percent of our staff on fraud examination. We do know that there are a lot of advantages in getting as many staff as possible trained in fraud examination,” Dr Baru said.

He explained that as the major foreign exchange earner for the country, NNPC was very conscious of issues of corruption in all its ramifications and had gone beyond looking at corruption in terms of money alone.

“NNPC under my leadership, has instituted what we call Governance, Risk and Compliance Division which is very much in line with the mission of CFE. The Division is not only looking at corruption in terms of naira and kobo but also at the system itself. The new Division will ensure that fraud did not manifest in our system and if does, it would be quickly nipped in the bud,” he said.

He stated that corruption was a major waster of human resources as staff found culpable were usually prosecuted and sacked, adding that it was better to train them on fraud and safeguard them.

The GMD said the Corporation was at the vanguard of providing support to anti-corruption agencies in the country by providing them with necessary information on cases involving its employees and other relevant third parties.

“We have been using the anti-corruption bodies effectively. Particularly, we have very strong collaboration with the ICPC,” the GMD stated, stressing that during his stint as the Chairman of the NNPC Anti-corruption Committee, they saw the need to train and certify fraud examiners which was why the current and long-standing secretary of the committee was a certified fraud examiner with about ten others that have completed their training and were awaiting certification from the American body.

The GMD directed the GRC Division to immediately commence the process of registering NNPC as a corporate member of the CFE, urging the body to avail the corporation of all the opportunities therein in its fight against corruption.

Speaking earlier, the President of CFE, Abuja Chapter, Mr Ishili Emmanuel, stated that the NNPC as the apex oil and gas company in the country ought to have a robust human asset capability to deal with many of the unique socio-economic development challenges within the oil and gas industry.

He applauded the GMD for his tenacity and commitment to fighting corruption since assuming duty as the helmsman of the corporation.

Mr Emmanuel stated that by joining the CFE as a corporate member, the NNPC stood to benefit from the pool of unlimited anti-fraud resources like other world class organizations around the world.

He explained that membership of the anti-corruption body would make a bold statement about the Corporation’s integrity, capacity and willingness to entrench the culture of transparency and anti-corruption in its system.

The GMD was also conferred with a fellowship of the association and decorated with its prestigious lapel pin.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Nigeria-China Strategic Partnership to Deepen Economic Ties

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Nigeria-China Strategic Partnership NCSP

By Adedapo Adesanya

The Director-General of the Nigeria-China Strategic Partnership (NCSP), Mr Joseph Tegbe, is currently visiting China to bolster China-Nigeria relations and foster economic and sustainable development between both countries.

The DG, with the Nigerian delegation, on Monday was at the headquarters of the National Development and Reform Commission (NDRC) of the People’s Republic of China where the NDRC Deputy Chairman received them, Mr. Zhao Chenxin, and other top officials, as well as the Nigerian diplomatic community and the Chinese Business Community.

Mr Tegbe is expected to cement strategic agreements in line with President Tinubu’s vision, with China for national growth and in vital sectors of the economy such as agriculture, to boost food security, alternative energy for developing renewable energy sources, healthcare, mining for harnessing Nigeria’s mineral resources to drive economic growth, education to strengthen Nigeria institutions and promote cultural exchange.

Other areas include technology, to foster innovation and advancement, and the support initiative of China’s Belt and Road Initiative (BRI).

The visit of the NCSP ‘s DG underscores the federal government’s commitment to establishing strong bilateral relations and supporting Nigeria’s economic diversification plans, infrastructure development, technology transfer, and job creation to foster mutually beneficial collaboration between the two nations.

Through this initiative, Nigeria can leverage its resources and human capital to develop key industries, bolster infrastructure, and enhance youth capacity through skills acquisition programmes.

On Monday, the DG NCSP and his team visited the CCECC Head Office, had dinner with the CHEC, and will on Tuesday, visit the Governor of the Central Development Bank, the Ministry of Foreign Affairs, and the China Export, Import Bank, as well as the China Development Bank. They also met with Power China Representatives.

They will on Wednesday, visit the Chief Harbour, the CHEC, CNCEC, and the CCECC Chairman, before moving to the CSCS Haishen Medical on Thursday, the CCECC, the China Building Materials, amongst others.

They will on Monday, 20th January, visit the Consulate General/Trade Mission Office, the Yang Shang Deep Sea Port, and Danghai Bridge (Sea).

The team is also expected at Huawei, before going to the CEC/ Long UAV, for a meeting with Diana Chen on Saturday, before returning to Nigeria.

This initiative comes on the heels of President Bola Tinubu’s official visit to China before the 2024 Forum on China-Africa Cooperation (FOCAC), where he had talks with China’s President Xi Jinping on improved economic cooperation, with the latter pledging 360 Billion Yuan, (about $51 billion), financing to African nations in the next three years, and support for 30 infrastructure projects to boost connectivity across the continent.

Last week, Chinese Foreign Minister Wang Yi visited Nigeria to reinforce the growing partnership between China and Africa, especially Nigeria, with discussions on strengthening economic ties, enhancing security cooperation and mutual developmental goals.

As Nigeria, Africa’s largest economy, seeks to become a net exporter to China in the next five years, the consolidated partnership is aimed at playing a crucial role in achieving this goal.

The country also remains China’s major partner on the continent for trade and technology investments.

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Adelabu Claims Power Generation Rose 30% in 2024

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Adebayo Adelabu

By Adedapo Adesanya

The Minister of Power, Mr Adebayo Adelabu, said power generation in the country increased by about 30 per cent in 2024, but missed crucial targets in the review year.

Mr Adelabu made the disclosure during his ministry’s 2025 budget defence before the Senate Committee on Power at the National Assembly complex on Monday.

He said that when he assumed the leadership of the ministry in 2023, he met an average of 4,100 megawatts of power generation.

“I can tell you authoritatively that by the end of 2024, we had a peak generation of 5,528 megawatts of power from 4,100 megawatts that we met on ground and the reason for this is not far-fetched. We added a new hydroelectric power dam, Zungeru, with 700 megawatts.

“There was also a tremendous increase in the generation lines by other existing generation companies,” he said.

The Minister said that the target for power generation was 6,000 megawatts, adding, however, that due to the challenges experienced toward the end of 2024 in terms of grid collapses, the ministry missed the target by a minimal margin.

He further said that apart from energy access expansion, the sector had plans to stabilise the grid and other transmission infrastructure.

“I’m happy to also inform you that out of the eight collapses of the national grid that we experienced during 2024, five were full collapses, while three were partial collapses.

“Out of the five full collapses, three were actually due to generation problems. So, as against the 12 collapse that were publicised, it was just about eight collapses.

“We have been trying very hard to ensure that we manage the grid that was inherited.

“Unfortunately, it is still very old. It is dilapidated. And we are just managing it until we are able to fix it permanently.

“This is the focus of the Presidential Power Initiative, to ensure that the entire grid is revamped so that we won’t be having all this vandalism.

“So these are the summaries of our activities. And we are proud to say that we almost met all our targets for 2024.

“Our hope is that 2025 will be a better year for us, and we will be able to address all the existing issues in the sector,” he said.

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Sanwo-Olu Denies Involvement in Obasa’s Removal as Lagos Speaker

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sanwo-olu Obasa

By Dipo Olowookere

The governor of Lagos State, Mr Babajide Sanwo-Olu, has refuted claims that he was involved in the removal of Mr Mudashiru Obasa as the Speaker of the Lagos State House of Assembly.

Mr Obasa was impeached on Monday after being on the seat since 2015 by 32 of the 40-member state parliament for alleged gross misconduct.

The action was carried out while the Speaker was away in the United States, with Mrs Mojisola Meranda elected as his replacement, becoming the first female to occupy the position.

It happened a few weeks after Mr Obasa said during the presentation of the 2025 budget by Mr Sanwo-Olu that he was qualified to be the governor of the state and even better than those who have occupied the position.

This statement by the former Speaker was seen as an affront on the previous governors of the state, including President Bola Tinubu, who governed Lagos between 1999 and 2007.

It has been speculated that Mr Obasa kept Governor Sanwo-Olu waiting for long during the budget presentation last month. It was claimed that this action infuriated the governor and leaders of the ruling All Progressives Congress (APC).

Yesterday, members of the parliament in Lagos said they had had enough of Mr Obasa, moving to remove him from office.

As this happened, there were claims that Mr Sanwo-Olu instigated members of the Lagos State House of Assembly to impeach the former Speaker.

But the governor, through his Special Adviser on Media and Publicity, Mr Gboyega Akosile, distanced himself from the impeachment, emphasising that it was purely a decision of the legislative arm of government.

“This is a legislative matter, and the Assembly handled it as they saw fit. The governor has no involvement,” Mr Akosile, who once served as the Chief Press Secretary (CPS) of Mr Sanwo-Olu, said in an interview, noting that his principal does not interfere in the other arms of government.

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