News
Atiku Condemns NNPCL for $6 Billion Debt and Fuel Scarcity Crisis
Former Vice President Atiku Abubakar has strongly criticized the Nigerian National Petroleum Company Limited (NNPCL) following the company’s recent admission of a substantial debt totaling $6 billion owed to petrol suppliers.
This disclosure, made public on September 1, has intensified the ongoing fuel scarcity crisis, which has now been affecting the country for six weeks.
NNPCL’s Chief Communications Officer, Mr. Olufemi Soneye, confirmed the debt, highlighting the severe financial strain it has imposed on the company’s operations.
Soneye acknowledged that the debt poses a significant challenge to the company’s ability to maintain a steady fuel supply.
Despite these difficulties, Soneye reassured the public that NNPCL remains dedicated to fulfilling its role as the supplier of last resort, as required by the Petroleum Industry Act (PIA).
The company is actively working with government agencies to ensure that petroleum products remain available across the nation.
In response to the situation, Atiku Abubakar expressed his deep concern through a statement released by his media aide, Phrank Shaibu.
He criticized the NNPCL’s handling of the situation, questioning the credibility of the profits that had previously been touted by the company.
Atiku accused the current administration under President Bola Tinubu of leading NNPCL towards a state of disarray, characterizing their actions as a “ruthless dismantling of its assets” and expressing skepticism about the transparency and effectiveness of their management.
An update has been shared on the burnt building at Balogun Market on Lagos Island, as it was revealed that a man was rescued 11 days after the building caught fire.
According to reports, the man was found alive on January 6, 2026, after being discovered under the rubble of the collapsed structure.
The survivor has since been taken for proper medical care, while further details are yet to be released.
Meanwhile, passersby and market traders have expressed concern, fearing that more people may still be trapped alive inside the building.
It has been reported that Anthony Joshua has officially been discharged from the hospital following the terrible car crash that claimed the lives of his two closest friends and supporters.
The boxing star was deemed stable enough to go home after the accident. After his discharge, he visited the funeral to pay his respects and see the bodies of his two friends.
Many have expressed grief and offered their support to the boxing star, praying that he will be able to find peace, as grief will undoubtedly be one of the most painful challenges he will face in life.
It has been shared that the Peoples Democratic Party (PDP) is calling on the federal government to suspend the tax law set to take effect on January 1, 2026.
This was revealed in a statement released by Ini Ememobong, National Publicity Secretary of the PDP. He stated that this new law shows how Nigerians and the masses will be affected, arguing that the government is prioritizing finance over security and other pressing matters.
“Rather than address these issues comprehensively, the Presidency has consciously minimized them and instead insisted that the commencement date must stand, despite the discrepancies,” the party said, adding that this “clearly shows where the priority of the government lies between Nigerians and money.”
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