News
Reps Accuse NNPC, NCC, Others of Diverting N9 Trillion

A House of Representatives’ report has revealed that some revenue generating agencies have short-changed the Federal Government N8.8 trillion and the report listed the agencies to include; Nigerian National Petroleum Corporation (NNPC); and Nigerian Communications Commission (NCC) among others.
The agencies collectively generated N9.3trillion but remitted only N174.9bilion to the treasury between 2009 and last year according to the House report.
The agencies have acted contrary to the Fiscal Responsibility Act (FRA), 2007 and a 2011 Federal Ministry of Finance directive.
The FRA allows agencies to remit to the Treasury based on their annual operating surplus framework. The Finance ministry’s directive requested them to remit 25 per cent of their gross collection to the Treasury.
Independent revenue derived from Internally Generated revenue (IGR), is 100 percent dedicated to the Federal Government – to the exclusion of other tiers of government.
The agencies were supposed to have remitted N3.06trillion generated in 2009 as independent revenue, but they sent in N46.8billion or 1.53 percent to the Treasury.
The report also revealed that in 2010, the agencies generated N3.07trillion, but remitted N54.1bilion or 1.76 percent to the Federal Government.
In 2011, N3.17trillion was generated, but only 2.33 per cent or N73.8b was remitted to the Treasury.
NNPC and its subsidiaries generated N6.1trillion (excluding proceeds from crude oil and gas) during the period but remitted nothing to the Federal Government.
A general analysis of the agencies’ submission (excluding the NNPC’s) shows expected remittance of N189billion as at October, last year.
Only N80bilion had been paid to the Treasury (42 per cent compliance), leaving a shortfall of N109billion.
Some of the agencies apart from the NNPC, and NCC are: Federal Capital Territory (FCT), Federal Airports Authority of Nigeria (FAAN), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Ports Authority (NPA), Nigerian Broadcasting Commission (NBC) and the Federal Mortgage Bank (FMBN) among others.
With the exception of the Central Bank of Nigeria (CBN), all the agencies prepared and submitted their audited accounts to the office of the Auditor General outside the time stipulated in the Fiscal Responsibility Act, 2007.
The report of the House Committed on Finance on independent revenue generation and remittances to the Consolidated Revenue Fund by government-owned agencies that was considered yesterday by the lawmakers, however, praised five agencies for attempting to adhere to the FRA to some extent by regularly remitting their independent revenues to the Federal Government.
These are: CBN, Federal Radio Corporation of Nigeria (FRCN), Nigerian Television Authority (NTA) and two others.
Abdulmumin Jubrin, chairman of the committee presenting the report, said between 2009 and 2011, the NNPC and all its subsidiaries generated N6.132trillion as Internally Generated Revenue (IGR), but remitted no part of it to the Federal Government.
According to him, the money excluded what was generated from crude oil and gas sales.
The report also revealed that the Federal Inland Revenue Service (FIRS) provided confusing accounting figures of its independent revenue in 2009.
While N5.6m was declared, when the agency’s audited account was reviewed, another sub-head of N323m was discovered.
According to the committee’s findings and in consonance with the submission of the Fiscal Responsibility Commission (FRC), most of the reviewed agencies were found culpable of not adequately making returns to the Treasury as well as also preparing different sets of account.
The agencies were found to have always prepared one account for the FRC and another for the Auditor General’s office.
The lawmakers, in adopting the recommendations of the report, mandated the Finance Committee to work on the Fiscal Responsibility Act (FRA) 2007 within four weeks so as to check various loopholes that enable government agencies spend what they generate without recourse to the National Assembly.
The Committee on Finance is to probe other agencies that were not captured in this exercise to ascertain their status.
“Agencies that have refused to cooperate with the committee are to do so within seven days or Section 89 of the constitution will be invoked on them.
The other recommendations are that: The Ministry of Finance should compel agencies which have outstanding balances to be paid to pay up immediately;
•Any agency found to be spending outside budgetary provisions should be punished;
•All revenues due to the Consolidated Revenue Fund of the Federal government must be paid as and when due;
•The Accountant General of the Federation should submit to the Committee a detailed monthly report of remittances of Federal Government independent revenue;
•The FRC should sanction any agency that fails to submit its audited annual account as and when due;
• All agencies should henceforth present evidence of remittances into the Consolidated Revenue Account to the relevant Committees of the House during their budget performance defence; and
• The Federal Ministry of Finance should immediately ensure that all funds hidden in various agencies’ bank accounts should be mopped up and promptly remitted to the Consolidated Revenue Fund and report to the Finance Committee within three months”.
The shortfall of remittances of some of the agencies are: Nigerian National Petroleum Corporation (NNPC)-N6.1trillion; Federal Capital Territory (FCT)-N7.7b; Central Bank of Nigeria (CBN-N45.5b; Federal Airport Authority of Nigeria (FAAN)-N6.9b; Nigerian Maritime Administration and Safety Agency (NIMASA)-N1.4b; National Agency for Food, Drug Administration and Control (NAFDAC)-N1b; Nigerian Port Authority (NPA)-N11.1b; Nigerian Communications Commission (NCC)-N3.3b; Nigerian Broadcasting Commission (NBC)-N211.7m; Federal Mortgage Bank (FMBN)-N300.4m; West African Examination Council (WAEC)-N2.5b; National Sports Commission (NSC)-N3.7m; Standards Organization of Nigeria (SON)-N252.7m; Federal Road Safety Commission (FRSC)-N410.9m; Federal Housing Authority (FHA)-N221.2m;
Nigeria Shippers Council-N6.4m; Nigeria Deposit Insurance Corporation (NDIC)-N8.8b; Nigerian Airspace Management Agency (NAMA)N3.6b; Industrial Training Fund (ITF)-N4b; Corporate Affairs Commission. (CAC)-N2b; Bank of Industry (BoI)-N3b; and Joint Admissions and Matriculation Board (JAMB)-N1.4b.
News
CISA Asks NDPC, Police to Act on Alleged Data Breach by NIPSS

Citizens Initiative for Safety Awareness (CISA), advocacy group focused on security, data protection, and counter-terrorism, has urged the Nigeria Data Protection Commission (NDPC) to provide an update on a petition alleging a cybersecurity breach and unlawful access to private communications involving officials of the National Institute for Policy and Strategic Studies (NIPSS).

Mr Chidi Omeje, national coordinator, in a letter dated April 10, 2026, observed no response from the commission so far.
Filed on July 1, 2025, by Mr Yushau A. Shuaib, the petition claims unauthorised access, interception, and use of private digital correspondence belonging to him and PRNigeria, his company.
The complaint named Barrister Nima Salman Mann, Rear Admiral Abubakar Abdullahi Mustapha, and Professor Elias Wahab concerning the alleged breach. Such incidents are outlined in the Nigeria Data Protection Act (NDPA) 2023, regarding data privacy, cybersecurity safeguards, and the protection of sensitive information.
CISA said if confirmed, the alleged actions contravene Nigeria’s data protection framework, with implications for data governance, safety of confidential media sources, and public trust in institutions.
It requests the NDPC to clarify the status of the probe, disclose any interim findings, and cite measures to prevent similar breaches.
The organisation believes the matter has evolved beyond an individual complaint, describing it as a test of the government’s commitment to enforcing its data protection laws, especially within ministries, departments, and agencies.
CISA also appealed to Tunji Disu, inspector general of Police, to order an investigation into the alleged cybercrime.
In a statement, Omeje criticised the “prolonged delay” by the Force Criminal Investigation Department (FCID) in acting on a petition submitted since June 2025.
The group said, despite “credible evidence,” the police had yet to invite or question the individuals mentioned. Pointing out that two of the officials share membership in the National Institute (mni) with the former DIG at the FCID, CISA raised concerns about a possible conflict of interest.
Omeje clarified that the petition was different from the civil suit at the Federal High Court over Mr Shuaib’s withdrawal from the NIPSS programme.
“An elementary legal principle holds that a civil suit cannot be a bar to criminal investigation or prosecution,” he noted.
CISA called on the police to act in accordance with due process, advising the authorities to uphold the rule of law and restore public confidence.
It contends that failure to act decisively could erode trust in law enforcement and reinforce perceptions of a two-tier justice system.
News
Kaspersky Reports Online Scam Exposure Remains Widespread Despite High Levels of Self-assurance

A recent Kaspersky survey highlights a considerable gap between consumers’ confidence in identifying online scams and their actual exposure to cyber threats.

According to the findings, more than one-third of respondents (36%) in the Middle East, Turkiye and Africa (META) region reported encountering an online scam or attempted scam within the past 12 months, underscoring the persistent and evolving nature of digital risks.
Worryingly, these threats are far from hypothetical: 37% of surveyed users in the META region have fallen victim to online scams resulting in data compromise or financial loss.
Among those affected, nearly half (49%) experienced scams via social media platforms, while 48% reported investment or financial fraud attempts, 41% – scam associated with fake delivery or postal messages.
Phishing emails remain a significant threat as well, impacting 43% of respondents. These figures point to the increasingly diverse tactics used by cybercriminals to target individuals across multiple channels.
Despite this, confidence levels remain strikingly high: 80% of respondents in META believe they can recognise a scam, with 34% expressing strong certainty in their ability to avoid falling victim. This overconfidence may contribute to risky online behaviour and reduced vigilance.
When it comes to protective measures, respondents demonstrate mixed habits. While 57% report using strong and unique passwords, only 36% consistently check URLs before clicking, and 34% avoid public Wi-Fi for sensitive activities.
Notably, fewer than half (40%) use a dedicated security solution, which means a significant amount of people can face negative effects from cyberthreats. Alarmingly, 6% admit they do not use any specific security measures at all.
Regular maintenance of digital security tools also appears inconsistent. Just 35% of respondents in the META region update passwords and review security settings on a regular basis – at least once a month or more often. Meanwhile, 41% do so only occasionally, 19% rarely, and 5% never take such actions.
“The survey findings highlight a critical need for increased awareness and stronger adoption of comprehensive cybersecurity practices. While individual habits such as password hygiene and cautious browsing are essential, they should be complemented by reliable security solutions and regular security updates to effectively mitigate modern cyber threats,” comments Seifallah Jedidi, Head of Consumer Channel in the Middle East, Turkiye and Africa at Kaspersky.
News
Tinubu Tasks NRS to Restore Public Trust Amid Fiscal Changes

Against a backdrop of public criticism regarding ongoing tax reform policies, President Bola Tinubu on Tuesday charged the Nigeria Revenue Service to restore public confidence and ensure fairness in the implementation of the national tax system.

Tinubu gave the charge while commissioning the 16-storey head office complex of the revenue service in Abuja.
“No government can demand trust from its citizens when taxation is opaque, inefficient or unjust,” President Tinubu said.
The president commended Nigerians for enduring the economic reforms introduced by his administration, stating that no serious nation can achieve lasting prosperity on a weak and fragmented revenue system.
He stated that tax reform policies must be implemented to earn the confidence of Nigerians at home and abroad. He charged the revenue service to ensure that the policy embodies a new ethos.
“It must not only collect revenue, it must build trust, it must ensure fairness and it must demonstrate that government can be accountable, efficient and responsive,” Tinubu said. “It must become a model institution that earns confidence at home and respect abroad.”
The president thanked the Nigerian people for their resilience and perseverance. He recalled his inauguration day pledge to move Nigerians from the “darkness of uncertainty into the clear light of Renewed Hope”.
“I committed that we would confront structural weaknesses, restore fairness and build an economy anchored on discipline, equity and opportunity,” he said. “Today I stand before you to reaffirm that these words were not rhetoric.”
He described his inauguration pledge as a “contract with the Nigerian people”, adding that the gathering was not merely to commission a building but to mark a milestone in a larger national journey.
Tinubu explained that the administration took the bold decision to embark on far-reaching tax and fiscal reforms to simplify the system, eliminate distortions and create a transparent, investment-friendly environment.
“Our direction is clear,” he said. “A revenue system that rewards enterprise, supports growth and ensures that every contribution to the national cause is matched by value for the people.”
Tinubu described early results as “fantastic”, commending the revenue service for improved fiscal stability, stronger foreign reserves and increased investor confidence.
According to the president, these gains are the product of deliberate policy and a commitment to long-term prosperity. He noted that the new headquarters is a symbol of professionalism, transparency and efficiency.
“It reflects our resolve that institutions must rise to meet the demand of reforms and the expectations of the Nigerian people,” he said.
President Tinubu called for a better future, urging those who follow to build on a history greater than the vision of their forebears.
He noted that the completion of the building is a statement that Nigeria is no longer content with promises. “We are delivering progress,” he said. “History will not judge us by what we say, but by what we do.”
Tinubu stated that the work of national renewal demands consistency, courage and collective resolve. He added that the nation’s future is determined by the choice of reform, discipline and prosperity.
The president assured that his administration will remain focused until the promise to Nigerians is matched by the performance of its institutions and the prosperity of its people.
Telecom3 days agoSpaceX Hints at Home‑Built Chip Module for Starlink Mobile
E-Financial2 days agoFidelity Surges Ahead in Recapitalisation Drive with ₦564bn Capital
General News3 days agoTeenager Hacks Celebrities Whatsapps, Sells Adult Content in Delta
Telecom3 days agoDigital Realty, IXPN Expand Peering Network with New Internet Exchange Point of Presence in Nigeria
Telecom3 days agoElon Musk Accuses South Africa of Racism over Starlink Licence Block
E-Financial3 days agoLawyers Sue CBN over One-Time BVN Phone Number Change
News3 days agoMeta Files Appeal over $25,000 Damages Awarded to Falana
E-Financial3 days agoFG Slashes Import Duties on Cars, Rice, Palm Oil in 2026 Fiscal Policy


















