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NNPC, marketers inflated imported petrol figures under Buhari, Jonathan – Sanusi

Former Governor of Central Bank of Nigeria, Lamido Sanusi, said on Tuesday that petrol imports figures were inflated by NNPC and marketers.
This he said was when global oil prices went up during the administration of President Goodluck Jonathan and the regime of the current President, Major General Muhammadu Buhari (retd.)
Sanusi, who spoke on Tuesday at a panel session during the 27th National Economic Summit in Abuja, said the subsidy on petrol was responsible for the inflated figures.
Until May 2016, when the Federal Government announced a new petrol price band of N135 to N145 per litre of petrol, private marketers imported petrol into the country and were paid subsidy claims by the government in order to keep the pump price lower than the expected open market price of the product.
The Nigerian National Petroleum Corporation, which has been the sole importer of petrol into the country in recent years, has been bearing the subsidy cost. It does the importation through the Direct Purchase Direct Sale arrangement.
Under the DSDP scheme, selected overseas refiners, trading companies and indigenous companies are allocated crude supplies in exchange for the delivery of an equal value of petrol and other refined products to the NNPC.
Sanusi said, “I have said this over and over again, and when I say this, I want it to be clear that I said this when I was governor of the central bank under the previous government. What I say is not about a particular government.
“In 2015 or 2016, Minister Kachikwu came out and said Nigeria was importing 30 million litres of fuel a day after eliminating corruption and having transparency. In 2019, the NNPC came out and said we were importing 59 million litres per day after oil prices have gone up. And I have been asking the question: what happened between 2015 and 2019 that our consumption doubled?
“This was the same thing that happened under the previous government; in Nigeria, when the oil price goes up – unlike all other products when it gets more expensive, you have a reduction in demand – the NNPC says we are importing more. Why because as the price of oil goes up, the arbitrage between the subsidised price and the market price is so high; there is an incentive to inflate those numbers.”
The NNPC, in the latest monthly report on its website, said a total of 1.67 billion litres of Premium Motor Spirit (petrol), translating to 55.79 million litres per day were supplied in April.
Sanusi said, “I have produced evidence before the National Assembly historically of cases where the NNPC would say we have imported fuel, use the name of a vessel – people say they imported fuel; you go and check and the vessel was nowhere near Nigeria on the day they said it was in Lagos, and people have collected subsidy on those things.
“For me, all the drawbacks of this regime, what it is costing Nigeria is not just the cost of subsidy; it is the cost of the corruption. What we need to do is to scrap it.”
The ex-CBN boss added, “This money coming from petroleum belongs to the federation account; the Federal Government does not have the constitutional right to pay subsidy on behalf of the federation.
“So, that is a fundamental constitutional issue because this is money that should go to the federal, state and local governments. Yet money that belongs to the federation is carried out as a central government expenditure. So, you can see so many complex issues – there are legal and economic issues. What we need to do is stop this thing.”
PUNCH
News
Nigerian Visa Applicants Now Required to Submit Applications Directly at Embassy, Consulates
The Nigeria Immigration Service (NIS) has announced that travellers in the United States seeking Nigerian visas must now submit their applications directly at Nigerian diplomatic missions following the termination of its contract with a third-party visa processing company.
The new directive, which takes immediate effect, ends the role previously played by Online Integrated Solutions (OIS Services), which had been responsible for receiving and processing Nigerian visa applications through its centres across the United States.
In a statement issued on Thursday, the NIS Public Relations Officer, Akinsola Akinlabi, said visa applicants are now required to submit their documents directly at the Embassy of Nigeria in Washington, D.C., or at the Nigerian Consulates in New York and Atlanta until further notice.
The immigration service did not state the reason for ending its partnership with OIS Services.
However, Akinlabi assured applicants that adequate measures have been put in place at the embassy and consulates to ensure a smooth transition. He added that visa submission, processing and approval would continue without disruption.
He also urged prospective travellers to monitor the official communication channels of the Nigeria Immigration Service and Nigerian diplomatic missions in the United States for updates on visa application procedures.
News
Don urges S/African Govt. to take active responsibility of protecting foreigners
A Professor of Economics and Governance, Prof. Chiwuike Uba, has called on South African Government to take active responsibility of protecting foreigner and desist from ‘compromising inaction’.
Uba, Chairman of the ACUF Initiative for Policy and Governance, made the call on Thursday in Enugu in a statement he titled: “South Africa Is Playing with Fire, and Its Elites Are Holding the Match”.
He said that the lack of intentional action against the individuals and groups perpetrate the xenophobic attacks, who are non-state actors, raises serious questions under international law.
The don noted that “protection of non-nationals is a clear obligation, not a discretionary act.”
According to him, persistent failure to uphold this responsibility undermines both legal commitments and diplomatic credibility.
Uba said that the implications of the development extend far beyond South Africa, adding that it would have economically, politically and diplomatically consequences both to the country and Africa in general.
He noted that economically, the country is not just another market.
“It is a continental anchor. Its financial systems, industrial base, and regional linkages make it central to African growth.
“Prolonged instability would ripple outward, constraining trade, deterring investment, and weakening regional integration,” he said.
On the Political aspect, he said that South Africa had long been seen as a model of democratic transition and constitutionalism.
“If that model begins to fracture, it sends a powerful signal across the continent.
“It emboldens those who argue that institutional democracy cannot deliver, and it weakens reformist voices elsewhere,” he said.
Uba said that diplomatically, xenophobic violence is not a domestic issue when it targets foreign nationals.
He said, “It is an international concern that tests regional solidarity and diplomatic patience.
“Each episode forces other African governments to respond, balancing domestic outrage with the need to preserve bilateral relations.”
The don noted that over time, the balance in the country would becomes harder to maintain as non-state actors would be emboldened to perpetrate other unlawful acts as they view the government as weak or inactive.
News
OYC Warns ICPC Chairman Against Alleged Bias in Uche Nnaji Case

The Apex sociocultural youth organization of the Igbo race worldwide, Ohanaeze Youth Council (OYC), has described the current arrest made by the Independent Corrupt Practice and Other Related Offence (ICPC) against former Minister of Science and Technology and the 2027 People Democratic Party (PDP) governorship candidate for Enugu State, Hon. Uche Nnaji, regarding his certificate, as a deliberate political witch-hunt orchestrated by the Governor of Enugu State, His Excellency Gov. Peter Mbah.
In a press address in Enugu on Wednesday, 8th July 2026, Comrade Igboayaka O. Igboayaka, National President of Ohanaeze Youth Council (OYC), called on Dr. Musa Adamu Aliyu (SAN), Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), to maintain the commission’s ethical standards, threatening to seek his removal if evidence confirms the alleged bias of ICPC in favor of Governor Peter Mbah against Hon. Uche Nnaji regarding the 2027 Guber election.
*The Ohanaeze Youth Council (OYC) revealed that the fight against Hon. Uche Nnaji is a battle for the Enugu Governorship and the “Lions Building Seat” in 2027, and dismissed the certificate forgery allegations against Uche Nnaji as a political distraction and blackmail.*
The surreptitious entry into the court by the Independent Corrupt Practices and Other Related Offences Commission to obtain a court order detaining Hon Uche Nnaji is a teleguided executive overreach attributed to Gov Peter Mbah apparently aimed at silencing Hon Uche Nnaji, which is highly censurable.
The Council stated that “A court of competent jurisdiction is presently handling the unsubstantiated certificate forgery case, and the University of Nigeria Nsukka and Hon Uche Nnaji have opted for an out-of-court settlement, following recent findings of misinformation.
Therefore, Dr. Musa Adamu Aliyu (SAN), Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), should maintain a neutral stance regarding the Enugu State Governorship battle to preserve his reputation built through his legal career and public service, and avoid being perceived as succumbing to Governor Peter Mbah’s alleged attempts to utilize executive power to blackmail and witch-hunt Hon. Uche Nnaji.
The Ohanaeze Youth Council(OYC) warned Governor Peter Mbah to concentrate on fulfilling his unfulfilled campaign promises to Enugu State rather than chasing Hon Uche Nnaji through the Independent Corrupt Practices and Other Related Offences Commission (ICPC)
News
Governor Mbah’s Compassionate Gesture Brings Relief to Enugu Fire Victims
Families displaced by the recent fire outbreak in the Asata area of Enugu have received immediate relief from the Enugu State Government following the intervention of Governor Peter Mbah, who directed that palliative support be provided to ease their suffering.
Chairman of the Enugu State Emergency Management Agency (ESEMA), Chinasa Mbah, disclosed that the agency promptly delivered the relief materials in compliance with the governor’s directive.
“We have given them some palliative as directed by His Excellency. Our report has equally gone in, and we await further instructions,” Mbah said.
She explained that ESEMA has completed its assessment of the incident and submitted its recommendations to the state government, adding that additional assistance for the affected families will depend on the governor’s approval of the agency’s report.
The swift response underscores Governor Mbah’s commitment to standing with citizens in times of distress. The victims, whose homes and belongings were destroyed in the fire that gutted two flats in a two-storey building on Church Road, Asata, are expected to receive further support as the government considers ESEMA’s recommendations.
News
Questions Persist As Almajiri Commissions Attempts to Defend Projects Outside Its Mandate
The National Commission for Almajiri and Out-of-School Children’s Education (NCAOOSCE) has defended the inclusion of projects outside its statutory mandate in the 2026 budget, insisting they are National Assembly constituency projects assigned to the commission for implementation.
However, the explanation has done little to quell public scrutiny, with critics questioning why a commission established to tackle the Almajiri system and out-of-school children—challenges largely concentrated in Northern Nigeria—is overseeing projects reportedly located in parts of the South-West.
The controversy has also been fuelled by concerns over the scale of the allocations, as the value of the disputed constituency projects is said to far exceed the funds earmarked for the commission’s core education programmes.
Responding to the criticism in a statement issued on Monday, the commission’s Special Assistant on Media and Communications, Nura Muhammad, said the projects were included in the 2026 Appropriation Act under the long-standing practice of assigning constituency projects to Ministries, Departments and Agencies (MDAs) for execution.
According to the commission, once such projects are approved in the federal budget and allocated to an agency, they become part of its implementation responsibilities.
“As part of a duly enacted federal budget, every project assigned to the commission forms part of its implementation responsibilities and will be executed in strict compliance with extant laws, financial regulations and due procurement processes,” the statement said.
NCAOOSCE maintained that the inclusion of the projects does not alter its statutory mandate, stressing that it remains focused on addressing the Almajiri system and reducing the number of out-of-school children across Nigeria.
The commission cited its achievements, including the profiling of more than 700,000 out-of-school children, the establishment of 119 learning centres, ward-to-ward advocacy campaigns, and the implementation of the National Policy on Almajiri Education, as evidence of its commitment to its core responsibilities.
This version attributes the concerns to critics and public scrutiny rather than stating them as established facts.
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