31 Dec 2016

Happy New Year to all loyal fans of Esabod

Image result for photo images of happy new year for 2017
  • Wishing you a Happy New Year with the hope that you will have many blessings in the years to come. Out with the old, in with the new: may you be happy the whole year through. As the New Year approaches us with hopes anew, here is to wishing you and your family a wonderful year ahead. 
  • With each New Year we get a fresh, clean page to start over. Here’s hoping that life writes a beautiful new chapter for you this year. As the New Year dawns, I hope it is filled with the promises of a brighter tomorrow.

  • Even if our talks may lessen our hellos and our stories as well, but remember that, no matter what happens, my prayers and wishes for you will never fall short. May this year be the best year by far, and may this year bring with it endless joy and happiness.

  • Every end marks a new beginning. Keep your spirits and determination unshaken, and you shall always walk the glory road. With courage, faith and great effort, you shall achieve everything you desire.

  • On the road to success, the rule is to always to look ahead. May you reach your destination, and may your journey be wonderful. No one can go back in time to change what has happened, so work on your present to make yourself a wonderful future. 

  • May what you see in the mirror delight you, and what others see in you delight them. Don’t forget the past, learn from it. Happy New Year. I love you all more and more each passing day, cheers to many more graceful years together on Esabod. Happy New Year to all my beautiful fans home and abroad.



Tiwa Savage and hubby pictured together at Stephanie Coker's wedding ...photo

They were spotted together yesterday Dec. 30th at a wedding. The two are obviously working on their marriage...

Presient Buhari reveals 'Why I was removed from office in 1985'

President Buhari yesterday said the reason he was removed from office in 1985 was because he refused to take an advice from the IMF and the World Bank to devalue the Naira and increase prices of fuel and flour. He said this when he spoke at the Nigerian Army Guards Brigade Regimental Dinner.
"I refused and gave my reasons and the next thing I knew I was removed and detained for three and half years. As a civilian president I will do my best and I’m telling you all these because you are part of the leadership of this great country and God willing we will remain great” he said.

Baba Olosanyin beats and stabs woman in her private part after accusing her of cheating ...photo

A man named Victor Ojiaku has been arrested by the Nigerian police for allegedly beating his wife mercilessly and then stabbing her in her private part with a broken bottle after accusing her of sleeping with sleeping with a teenage boy who works for him.

Ojiaku, an automobile parts dealer, attacked his wife, Faith Ojiaku, 27, a mother of three at their home in White Sand, Isheri-Osun in Lagos State last week. Photos of vagina too graphic to share.

Faith was kept locked up for two days by Victor, making it impossible for her to call any family member or friend for help or seeking medical attention.

When she was eventually allowed to seek medical attention, she used a doctor's phone to call her sister who the Lagos State Domestic and Sexual Violence Response Team, who have since taken up the case.


The man appeared at the Ejigbo Magistrates’ Court last week where he was granted bail and case postponed till end of January. He is also faing charges for attacking his teenage worker who he accused of sleeping with his wife.

He is facing a six-count charge bordering on grievous bodily harm, threat to life and assault.

Watch video of another Nollywood veteran Prince James Uche's son make passionate plea for his sick dad who needs urgent financial help

Prince James Uche's son has shared a video highlighting the difficulties the sick Nollywood veteran is going through. They need desperate financial. Uche Jnr wrote
Living a happy life of contentment was our family's greatest plan until our father Prince James Uche fell sick; everything changed.
Our lives and that of dad has been under the mercy of some Good Samaritans who has assisted us all these while in paying dad's hospital bills; clothing us and making sure we feed twice or thrice a day; but today we're helpless as the Samaritans says they've also ran out of resources to continue dad's treatment. Now we're homeless and helpless as the hospital where we live our small lives with dad threatens to throw us out on January the 3rd 2017 if no one harken to our cry. We are only kids and can't help the situation; even going to school is a thing of the dreams to us now but We call on the good people of Abia State and our great nation Nigeria for help!....
SIGNED UCHE JNR PRINCE JAMES.....
PLS HELP PAY TO---PRINCE JAMES UCHE-- ACCT NO ZENITH BANK I001063788 .
 Watch the video below...

Another Nollywood veteran Obi Madubogwu is also in need of financial help ...photo

Veteran Nollywood actor Obi Madubogwu also needs our help...read a statement from his family below...
"Mr. Obi Madubogwo is critically ill, he is finally out of Coma after a toxic battle with Diabetic wound . Currently the family has ran short of Fund to continue giving him what he needed, they need lots of money to pay for surgery, tests, medication etc else they will amputate his leg to save his life. He takes a pint of blood daily.
He needs our support urgently. Please no amount is too small. You can donate blood at d hospital. It's really critical. He is currently in FMC inside railway corporation, Ebute Meta, YABA, Lagos. We can save his life and not to wait until the worst happens and we will sew ASOEBI and dance, glorify him, eat the small change the family may borrow and shout...God Forbid!!! Let's save this brother and great Actor while he's stil alive and Heaven will be happy with us...Amen! He needs us now as friends and colleagues. Let's all reach out to him Show him love and support We will be posting the list of those that supported with the amounts of the donor so wish..Please send your contributions for Mr Obi Madubogwu to---- Chioma D Okoye 0864102013 FCMB

Nigerian journalist shares photos of corpses sticking out of graves at Imota Cemetary ..photo

See the horrific photos below...


Omg! See obituary of 10 yr old boy beaten and tortured to death ...photo

According to the obituary, 10 year old Chibuzor Okeke died after being beaten, tortured, bound with ropes on both hands, both eyes smeared with pepper and starved to death. T
he poster didn't say who did that to this child.... so sad



Omg! Photo of Nigerian man choked to death by South African police during drug raid ...photo

A Nigerian man named Tochukwu Nnadi was choked to death by police in South Africa on Thursday December 29th after he was arrested for allegedly selling drugs. 

According to eyewitnesses, the man, popularly known as King Kingsley, was not struggling after he was arrested and handcuffed but one of the officers held onto his neck and squeezed tightly until blood started gushing out. His body was later removed. This is so sad and unnecessary.

See more photos below...

Photo credit: Michael Mathew

Ambassador to Brazil murdered after he caught his wife with boyfriend ...photo

Greek ambassador Kyriakos Amiridis vanished without trace on Boxing Day, when he left the home of his wife's relatives in Rio de Janeiro and never returned

The Greek ambassador to Brazil whose body was found in a burnt-out car in Rio de Janeiro was murdered after finding his wife in bed with another man, police believe.

The charred remains of Kyriakos Amiridis, 59, were found on Wednesday underneath an overpass in the city, inside the car the diplomat had hired to spend Christmas and New Year with his wife's relatives.

His Brazilian wife Francoise Amiridis told police she was out shopping on Monday night when he phoned her at 8pm, saying he was going out, and never returned home.

But today police investigating the case claimed they believe his death was a "crime of passion" after he had discovered that his wife was having an affair with another man.



Investigators reportedly found blood stains in the apartment, which belongs to his wife, where the couple had been staying in the Nova Iguacu district of the city.

Police believe he was murdered in the apartment some time between Tuesday and Wednesday before his body was dumped in the hired car and set on fire yesterday morning.

The man Ms Amiridis was believed to have been having an affair with is reportedly a military police officer who works at a police base situated a local slum.

Investigators told Brazil's Extra newspaper that they believe Ms Amiridis may have paid a contract killer to murder her husband after he found out about their relationship.

Ms Amiridis, who is not yet under arrest, denies havin hands with the ambassador's death, claiming he never returned home on Monday, and didn't know why there was blood on the sofa.

Police are reportedly analysing the sofa, as well as CCTV images from the area.

President Buhari sacks EFCC Chairman Magu

I'm hoping that this is not true, but then in Nigerian politics anything, just anything, can happen.

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, may have finally been removed from office.

A source close to the matter told The Guardian that his redeployment back to Nigerian Police Force (NPF) was to pave way for a fresh person to be presented by President Muhammadu Buhari as the nominee to head the anti-graft agency before the Senate.

It was gathered to make the situation look like a routine exercise, some senior Police officers would be re-deployed by the Police hierarchy to resume as conventional Police officers.

It was equally reliably gathered yesterday that the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, has already issued a leter to Magu on the development and directed that he hands over to the Director of Operations in the Commission.

Magu’s nomination was recently rejected by the Senate following allegations levelled against him by the Department of State Security Service (DSS).

EXPOSED: Seized 47 SUVs, bought for GEJ Campaign with money for dead PHCN workers

A former Permanent Secretary in the Federal Ministry of Power, Godknows Igali is in hot soup after operatives of the EFCC discovered that he allegedly spent N1.5bn for the purchase of Sports Utility Vehicles (SUVs) which were used by the Goodluck Jonathan Campaign Organisation.

Minister of Information, Lai Mohammed, had said on Thursday that 40 SUVs and other vehicles were recovered from a retired Perm Sec in Abuja.

Now the full details are coming out...
Detectives at the EFCC disclosed that Godknows Igali was the retired civil servant being referred to.

An EFCC operative told Punch that the agency got to know about the vehicles through an artisan who had gone to do some maintenance work at Igali’s Abuja residence.

The artisan was said to have been surprised by the number of vehicles in the retired civil servant’s residence and quickly alerted the EFCC. That's a good Nigerian!

The detective said, “He (Igali) had allegedly secured the 47 vehicles in well guarded premises in an upscale neighbourhood of Abuja but he ran out of luck when an artisan who had come to fix a faulty utility got curious by the avalanche of state-of –the-art vehicles parked on the premises and tipped off the EFCC.

“The commission immediately commenced discreet investigation. In the course of investigation, it discovered that all the vehicles were supplied by Dilly Motors at the instance of Igali.”

Investigators, however, discovered that the money used in buying the vehicles did not emanate from Igali’s bank account but from Baseworth Insurance Brokers Limited, a company that was under investigation in another case of an alleged diversion of N27bn insurance premium of deceased staff of the Power Holding Company of Nigeria (PHCN).

However, when representatives of Dilly Motors were invited, they told operatives of the EFCC in their statement that the payments were made by Baseworth Insurance Brokers Limited on behalf of the permanent secretary.

The EFCC source added, “It was initially difficult to determine the source of the funds with which the vehicles were purchased as it did not come directly from Igali’s account but a breakthrough came as the commission stumbled on evidence of a curious payment To Dilly Motors from the account of Baseworth Insurance Brokers Limited, a company that was under investigation in another case of alleged diversion of N27bn insurance premium of deceased staff of the PHCN.

“In one of the transfers, N300m was paid to Dilly Motors from the account of Baseworth Insurance Brokers. Operatives of the commission were curious to determine the service which Dilly Motors rendered to Baseworth Insurance Brokers to warrant payment. Dilly Motors on interrogation allegedly admitted that the N300m was part of the N1.5bn paid by Igali for the purchase of vehicles for the Goodluck/Sambo Campaign organisation to prosecute the 2015 general election.”

It was learnt that the Permanent Secretary may be charged to court soon.

Magistrate Court insists CP should arrest Oluwo of Iwo ...photo

A magistrate’s court sitting in Osogbo, Osun State has ordered the Commissioner of Police, Fimihan Adeoye, to arrest Oluwo of Iwo, Oba Abdulrasheed Akanbi, and bring him to court on January 6.

The magistrate, Olusola Aluko, gave the fresh order on Friday when the case involving the monarch came up for hearing again.

He said he was surprised that the police commissioner had not arrested Oluwo since he first issued the bench warrant of arrest against the First Class monarch.

Aluko expressed dismay that the police commissioner had not effected the bench warrant of arrest he had issued against the monarch, which he said he had signed and handed over to an officer of the state police command.

He said, “I am baffled that the commissioner of police has not done his duty. I am also surprised by his claim that he was unaware of the bench warrant. That must be a joke of the century. I, therefore, order him to immediately arrest the respondent.

“I am not joking with my order. He (Akanbi) should be arrested and brought to this court on Friday, January 6, 2017. The sanctity of the judiciary must be protected.”

Magistrate Aluko stated that the case instituted by the Oluwo Oke of Iwo-Oke, Oba Kadiri Adeoye, against Oluwo Akanbi before his court was not a chieftaincy case but a criminal one.

He said, “I will like to say that the matter before me was filed based on sections 35, 37 and 38 of the criminal procedures of Osun State.

“In a criminal case such as this, a defendant must appear in court. This court is not trying chieftaincy matter. It is the law that once an order is made, to prevent anarchy, such an order must be obeyed.

“It is to be noted that an order was first made by my brother, Magistrate Omisade of Iwo jurisdiction before the case was transferred here by fiat and I had asked him (Akanbi) three times to appear before this court.”
Oluwo had said he would also issue a traditional warrant of arrest on Magistrate Aloku.

Tragic! Flying Eagles & Gombe United Defender Uzama Douglas shot dead in Benin ...photo

Gombe United defender Uzama Douglas was shot dead in Benin City by armed men believed to be cultists on Thursday.

The murder of Uzama is the second tragedy to hit the domestic football scene in the last three months after Shooting Stars central defender Izu Joseph was shot dead.

A close friend of the former Golden Eaglets and Flying Eagles invitee said that the left back was shot in Benin City and declared dead on arrival in hospital.


“He was still on break in Benin City and was yet to resume for the new season,” the friend said.

“He went out with friends when some cult boys carried out an attack against them. He was shot and that was it.

“The killers fled and left my friend in cold blood.”

A top official at Gombe United said the club was shocked by the death of the player.

“The Gombe United family has learned with sadness of the untimely death of our defender Uzama Douglas,” he said.

“This is a sad loss to Uzama’s family, Gombe United and the nation.”

Lagos state to install 16,000 water meters in February

The Lagos State Government is to begin the installation of 16,000 meters to regulate water supply in the state in February, 2017.

The Managing Director of the Lagos Water Corporation, LWC, Mr. Muminu Badmus who disclosed this on Friday at a news conference in Lagos, Southwest Nigeria said the installation would begin in February next year and would last for three months.

Badmus listed the pilot areas where the metering system would take off to include Surulere, Yaba, Ebute Meta, Itire, Iwaya, Lagos Island, Ikoyi, Victoria Island and Lekki Phase One.

He said the 16,000 meters would be installed in the first instance to put to rest the controversy over the volume of water supplied to each household and also curb wastage.


X-raying the activities of the year, Badmus lamented that power from the national grid has been a major hindrance to water production and distribution in the State.

“Equally, the absence of gas has made the Independence Power Plant (IPP) not to function effectively as projected. It is on record that “Nigeria is losing 3,132 megawatts in a day; this is due to gas constraint, pipeline vandalization, inadequate infrastructure to transport the gas to power plants.

“The present administration has taken a proactive step in addressing this challenge with the procurement of diesel-powered generators to power our waterworks; this has made water supply to be stabled in Lagos Metropolis.

“We all know that water is the most essential element of life on earth, and our existence depends on safe and potable water, that conforms to World Health Organisation standard. That is why, Lagos Water Corporation is highly committed to its assigned responsibility of providing safe drinking water in sufficient and regular quantity, maintaining good quality services, meeting customers’ expectations and promoting community health,” he said.

Badmus explained that Lagos, as the commercial and economic hub of Nigeria with the current population of over 20 million, was projected to reach 29 million by year 2020, noting that this had put pressure on the existing LWC facilities and for the corporation to keep pace with this exponential growth of population in the State, and provide regular and sufficient water, the Corporation had designed a Lagos Water Supply Master Plan (2010 – 2020), which served as a frame work for pragmatic approach to solve the problem of water shortage that might arise from population explosion.

The LWC boss said that in spite of these daunting challenges, the corporation had executed a great number of projects that had positively impacted on the people of Lagos State.

“The State Government is expanding the water facilities to meet the water demand of 540 Million Gallons per Day (MGD) and this gave birth to the commissioning of Otta-Ikosi Regional Waterworks of 4 MGD in Epe Division, in May this year, with 80.32Km pipe network/reticulation which is currently serving eleven communities between Agbowa and Itokin.

“These include Ado, Agbowa, Ago – Hausa, Ago – Owu, Ajebon Orugbo, Iganke, Ikosi, Odo Ayandelu and Otta Ikosi. In the same month, the State commissioned Mosan-Okunola Mini Waterworks of 2MGD with 5.0Km pipe network/reticulation in Mosan Okunola LCDA. This is currently serving Abesan Estate, Baruwa, and adjoining communities.

“In the same vein, the State Executive Council recently gave an approval to commence the development of Odomola Water Scheme II of a 100MGD Water plant and the reticulation of the primary, secondary, and tertiary distribution within the Odomola service areas such as, Lekki Phase 1, Dolphin, Victoria Island – Saka Tinubu, Victoria Island Annex, Ikoyi–Alexander Road, Ikoyi – Club Road, Badore, Epe 1 and Epe 11. This Project will be executed on Public Private Partnership basis,” he stated.

He restated government’s commitment to the provision of safe and potable water to Lagosians as evident in 2017 budget as more funds had been earmarked for execution and to facilitate all the projects in the water sector to improve access to potable water in the State.

Shocking! Read Apostle John Suleman’s 50 prophecies for 2017

President of Omega Fire Ministry, Apostle John Suleman has released his prophecies for the year 2017 and they are 50 in number. A summary of the prophecies, with focus on Nigeria and the world at large, is as follows:

1. I see terrorism on the increase
2. Federal Government of Nigeria should not relax yet on Boko Haram. It’s a deception.
3. Buhari to face impeachment threats.
4. America and China to have major face-off
5. Crude Oil to flow in Northern Nigeria.
6. Abuja to experience major fire explosion. Continue....
7. Donald Trump to face impeachment attempt as members of congress are divided on his style of leadership.
8. I see an airplane that has Nigeria’s logo (national carrier)
9. Things will pick up a bit in Nigeria but hunger will persist.
10. I saw people crying over Bamanga Tukur
11. Buhari will be bereaved in 2017.
12. Ecobank, Diamond, Fidelity, GTB to retrench staff.
13. President Buhari’s health needs attention.
14. 2017 budget will have crises.
15. More judges to be humiliated.
16. MMM to dupe more Nigerians and I see court cases.
17. Dollar to exchange for N615.
18. Recession in Nigeria to become depression in 2017
19. MTN and Glo to face hardship.
20. A former First Lady of Nigeria needs prayers over her health.
21. Forces in Aso Rock planning to poison current First Lady (Aisha Buhari)
22. I saw huge number of Chibok girls released; some of them with kids
23. Nnamdi Kanu’s detention to cause international crises. God is angry with Buhari for the continued detention.
24. Donald Trump to favour Israel. American Embassy in Israel to be moved to Jerusalem.
25. Liberian election: CONTINUITY.
26. Ghana’s new president to send many to jail.
27. Buhari and Senate to have crucial disagreement.
28. Nigeria’s Budget will be delayed.
29. I see killings in Ekiti.
30. EFCC to come after National Assembly members in Nigeria in a politically motivated arrests because of their refusal to confirm Magu.
31. I see kidnappers entering schools.
32. Nigeria will lose a great man of God and the New Year is when the Nigerian government will fight the Church like never before.
33. Some terrorists will be arrested in Lagos.
34. Traditional rulers indicted and arrested for corruption.
35. Lufthansa, Dana Air, Ghana Air, Aero Contractors… I see staff protests.
36. America to have financial crises.
37. A serving cabinet minister in Nigeria will die.
38. Nigeria to secure foreign funds.
39. Doctors will embark on strike in Nigeria.
40. A new mega party in Nigeria will swallow up APC.
41. I see a new leadership for the APC in Nigeria.
42. I see the DSS being taken to court.
43. France, Spain, Russia to pray against train going off the rail.
44. I saw a huge school building collapse.
45. Nollywood to pray. They will get help but will lose two major people. The Yoruba movie industry too; but prayer can avert it.
46. Fulani herdsmen again! Taraba, Benue, Imo and Jigawa states.
47. Kogi State to organise state prayers to avoid major deaths and natural disasters.
48. Edo State; major celebration but pray against road crashes.
49. I see presidents being removed in Africa, I see presidents being installed.
50. Two times, Nigeria’s vice president, Yemi Osinbajo, will face removal from office. They will alienate him and they will make attempts to remove him. But God will humble Buhari in 2017.

Donald Trump hails Putin for delaying any retaliation against the US after Pres. Obama's sanctions

Image result for images of putin and trump
Russian president Vladimir Putin has decided not to retaliate against the US for expelling 35 Russian diplomats and imposing sanctions on two of the country's intelligence agencies on Thursday. He made this statement after Russian Foreign Minister Sergei Lavrov said the country planned to expel 35 U.S. diplomatic staff from Moscow and close two facilities used by the U.S. embassy in Russia.

The RIA news agency quoted Putin as saying that he would consider the actions of President-elect Donald Trump, who takes office next month, when deciding on further steps in Russia-U.S. relations. A move President-elect Trump approved.
He took to his Twitter account to Praise Putin for his decision, saying he was a smart man.

He then tweeted later in the day mocking CNN and NBC News.

Police make 50 arrests after raid on Nigerian drug ring in Vienna, Austria

Image result for images of vienna police
Police in Vienna on Thursday, December 29th, arrested 50 people in connection with a Nigerian drug ring which operated in the Austrian capital. Investigators said they had been on the trail of the gang for the past three years, and that in that time it has netted a profit of over €6 million. 21 kilos of illegal drugs, mainly cocaine and heroin, were seized during the raids.

However, police told a press conference on Friday that the gang would probably cut the drugs with other 
substances to increase the amount that could be sold on the street to around 100 kilos. The drugs were mainly sold in Vienna by Nigerian dealers. Detective Georg Rabensteiner said that 100 kilos of drugs would "cover" demand in Vienna for a few months.

Police first became aware of the gang's existence at the end of 2012, when a Nigerian man was caught smuggling €250,000 in cash hidden within cars which were brought from Vienna to Nigeria. An investigation revealed that the money came from drug trafficking. Gang members regularly sent over large amounts of drugs to Austria via ten people who acted as drug mules.

The couriers would swallow between one and one and a half kilograms of drugs, which were then sold in Vienna. Police said that the cocaine and heroin which was seized was 80 percent pure.

30 Dec 2016

Photo of 72 year old man apprehended with female human skull in Osun

This 72 year old, Idris Ajao, has been arrested by the Osun State police command for being in possession of a female human skull. Ajao who claims to be bricklayer, was arrested today while transporting the human part to Iwo.

When interrogated, he said a herbalist by the name Tajudeen Jawesola, had asked him to exhume skulls from graves in a cemetery in return for N10,000.


He was caught while exhuming one of the corpse buried in the cemetery. He blamed his act on the devil, saying it was a "big mistake"
“It was Jawesola that asked me to get the human skull for him. Everybody knows Jawesola to be a herbalist and he wanted to use the human skull to do his work. He said he would give me N10, 000. I should not have listened to him. It is a mistake”he said

US governance reports $4.2b missing in NNPC under Buhari

A new report said despite President Muhammadu Buhari’s attempt at ensuring transparency in the oil sector, the Nigerian National Petroleum Corporation, NNPC, still withholds Billions in oil revenues from the government account.

The report by the Natural Resource Governance Institute, titled “NNPC still holds blank check” said that within the first six months of the Buhari administration, the NNPC withheld over $4.2 billion (about N824.7 billion) out of a total of $6.3 billion (N1.24 trillion) revenues realised from crude oil sales in the second half of 2015. 

The withheld revenues represented about 66 percent of the total revenue – $1.4 billion earnings from Nigeria’s regular crude oil exports for the period; $3.4 billion from domestic crude oil sales, and $1.5 billion from oil sold from the corporation’s upstream subsidiary, the Nigerian Petroleum Development Company, NPDC oil fields.

The report said only $2.1bn (about N413.7 billion) was transferred to the Federation Account.

The group said the unremitted revenues for the six months was about 14 per cent more than the amount withheld by the corporation under the Goodluck Jonathan administration in the first half of 2015, and about 12 per cent higher than the share withheld in 2013 and 2014.

The report said the figure of unremitted oil revenues in 2015 contrasted sharply with 2005 figures, which showed the NNPC remitted about 68 per cent of its total oil sale earnings to the Federation Account and kept only 32 per cent that year.

According to TNG, The report said while part of the withheld funds was used for servicing Nigeria’s share of the joint venture operating obligations, the NNPC did not fully explain what the other retained revenues from domestic crude and NPDC oil sales were used for.

In general, the report said despite the on-going reforms in the oil sector, the NNPC under the present administration was still retaining a major share of oil sale earnings and spending at will.

Some of the reforms by the Buhari government, the report noted, have cut the number of passive, well connected middlemen that pocketed billions of oil revenues, while the administration has cancelled costly, unbalanced NNPC swap contracts as well as seek more efficient replacements.

The report lamented that recent announcements on NNPC reforms and the latest drafts of the Petroleum Industry Bill, PIB, by the Ministry of Petroleum Resources, failed to adequately address how NNPC and the government would share future oil revenues
“Until government establishes a clear, legally enforceable rule governing which revenues NNPC can keep and how they can be spent, oil sector corruption and waste could return to their prior devastating levels once the president (Buhari) leaves, or prices rise,” the report noted.

While encouraging government to push ahead with its reform plans for the oil sector, NRGI stressed the need for NNPC to adopt new financial controls and transparency measures for its subsidiaries, especially bordering on the several billion revenues retained each year from NPDC operations and its oil trading and marketing subsidiaries.

The Institute also called for the immediate replacement of the 445,000 barrels per day crude oil allocation for domestic refining with a fit-for-purpose mechanism for supplies to the country’s four refineries.

“The government should move to curb the corporation’s discretionary, unaccountable use of much-needed public funds. Until the government instates clear rules for NNPC financing, both the controversies and the underlying revenue leakages will persist,” the report said.

Describing the NPDC as one of the Nigerian petroleum sector’s “great black boxes”, the report said some of the oil from the company’s fields went to its strategic alliance partners, two of which were paid in oil for purportedly shouldering the company’s financial obligations.

From the production of an average of 30,000 barrels per day of Okono grade crude during the period, the reportsaid some of the oil from the company’s fields went to its strategic alliance partners, two of which were paid in oil for purportedly shouldering the company’s financial obligations.

From the production of an average of 30,000 barrels per day of Okono grade crude during the period, the report said NNPC retained all earnings ( about $12.3 billion over the past decade) from the offshore Oil Mining Lease (OML) 119 owned wholly by NPDC.

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