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.
It has been reported that a Nigerian won the 2026 Spelling Bee World Championship, which was held in Shanghai, China. The winner, Chinedu Great Okdediachi, has now returned home to Delta State after his victory.
It can be noted that the student had already emerged as one of the Gold Award winners in the Middle School Group category.
“Congratulations once again, Chinedu! Your success continues to inspire young Nigerians to pursue excellence through education. Welcome home, Champion!”
The young star has made Nigeria proud by winning the international competition.
President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.
He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”
The President added that the reforms are creating more opportunities for development across the country.
However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.
Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.
He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.
He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”
Love Island Winners Bryce and Trinity Ignore Online Drama
Sadie Sink Makes Surprise Appearance at Spider-Man Premiere
‘You No Be Her Boyfriend’ — Geh Geh Sparks Debate
-
Entertainment24 hours agoElla Bright Becomes Rare Beauty’s First Celebrity Ambassador
-
Entertainment3 hours agoPeller Shares the Strict Rule in His Relationship With Jarvis
-
Entertainment2 hours ago‘You No Be Her Boyfriend’ — Geh Geh Sparks Debate
-
News6 hours agoNigerian Student Wins 2026 Spelling Bee World Championship
-
Entertainment1 hour agoLove Island Winners Bryce and Trinity Ignore Online Drama
-
Entertainment3 hours agoThe Biggest Hit Song From These Popular Artists
-
Entertainment1 hour agoSadie Sink Makes Surprise Appearance at Spider-Man Premiere