Business

FG orders probe on NNPC over unaccounted N3.8trillion

Published

11 years ago

June 30, 2015

The Federal government yesterday June 29th constituted a four-man committee to probe NNPC over N3.8 trillion unaccounted for by the corporation in the last three years. According to the Edo state governor, who is part of the 4-man probe committee, investigations by the federal government show that NNPC made N8.1 trillion from 2012-2015, paid N4.3 trillion to the federal government and withheld N3.8 trillion which the management of the corporation have not accounted for.

The probe panel was constituted by the National Economic Council which was inaugurated by President Buhari yesterday June 29th

“We are talking about transparency, we are talking about change and what we saw from those numbers I believe that Nigerians are entitled to know, is that whereas NNPC claimed to have earned N8.1trn, what was paid into the Federation Account from 2012 to May 2015 was N4.3trn. What it means is that NNPC withheld and spent N3.8trn. The major revelation here is that the amount NNPC paid into the federation account for distribution to the three tiers of government came to N4.3trn and the corporation alone took and spent N3.8trn. This means the cost of running NNPC is much more than the cost of running the Federal Government. That tells you how much is missing; what is mismanaged; what is stolen. These are huge figures. There is no enterprise manager who goes to the market and sells and just begin to spend, otherwise nobody needs to budget,” he said.

He added that if the Federal Government cannot spend without appropriation, agencies of government cannot not also spend money without appropriation

“This is what the constitution provided for. And this is what President Buhari has promised to do that henceforth all monies must go to the Federation Account. What do you need budget for; Nigeria cannot continue with you earn the money and spend it. Where is transparency? Where is the role of the National Assembly? So if you were doing that you won’t have a situation where the NNPC alone will spend N3.8trn and remit to the federal, states and local governments N4.3trn which means NNPC is taking about 47 per cent and that explains all the leakages you are talking about. We looked at the numbers for the Excess Crude Account. The last time the Minister of Finance and Coordinating Minister of the Economy, reported to the Council and it is in the minute, she reported that by November 2014, we had $4.1bn but today the Accountant General Office reported we have $2bn, which means the Honourable Minister spent $2.1bn without authority of the NEC.”he said

Other members of the probe panel includes governors of Kaduna, Zamfara and AkwaIbom states.

Business

Adron Homes Unveils Sallah Mega Promo with 30% Discount and Exciting Gift Rewards for Subscribers

Published

15 hours ago

April 13, 2026

Sahara Weekly

Adron Homes Unveils Sallah Mega Promo with 30% Discount and Exciting Gift Rewards for Subscribers

As the festive spirit of Eid al-Adha (Sallah) approaches, Adron Homes & Properties, Nigeria’s leading real estate company, has announced a nationwide Sallah Mega Promo designed to reward subscribers with unbeatable discounts, flexible payment plans, and exciting gift items.

The limited-time promotional campaign aims to empower Nigerians to celebrate the season of sacrifice with both joy and long-term investment security by making property ownership more accessible and rewarding. Subscribers can enjoy a 30% discount on all plots across Adron estates nationwide, alongside a flexible payment plan of up to 36 months. In addition, clients can spread their initial deposit over four months, easing financial pressure while securing valuable real estate assets.

According to the company, the Sallah promo reflects its continued commitment to providing affordable housing solutions while rewarding both new and existing clients during key festive periods.

“Sallah is a time of giving, sacrifice, and celebration. At Adron Homes, we believe there is no better time to empower families and investors with the opportunity to own land while also receiving valuable gifts that enhance their celebration,” the company stated.

As part of the promo, subscribers will enjoy a wide range of gift rewards tied to their payment milestones. Platinum plot subscribers stand to receive items such as bags of rice ranging from 10kg to 50kg, food packs with chicken and seasoning, goats and rams for Sallah celebrations, and even a cow or a double-door refrigerator for high-value subscribers. Compact plot subscribers will also benefit from gift items including bags of rice, vegetable oil, cartons of noodles, goats, and other household essentials designed to support festive celebrations.

Over the years, Adron Homes & Properties has remained at the forefront of real estate development in Nigeria, consistently delivering affordable luxury and flexible payment structures tailored to a wide range of investors. The Sallah Mega Promo further reinforces the company’s mission to democratize property ownership while strengthening its relationship with clients through value-driven initiatives.

Prospective subscribers are encouraged to take advantage of this limited-time offer by contacting Adron Homes through its official channels.

📲 WhatsApp: +234 805 101 1951
🌐 Website: Adron Homes Official Website

With the Sallah season fast approaching, this promo presents a unique opportunity for Nigerians to celebrate meaningfully by securing their future through real estate investment while enjoying generous festive rewards.

Business

Please be careful, there’s a WhatsApp scam going around

Published

2 days ago

April 12, 2026

Sahara Weekly

*Please be careful, there’s a WhatsApp scam going around

Scammers are currently impersonating Aigboje Aig-Imoukhuede, the Chairman of Access Holdings Plc, to trick people into fake investment schemes.

They’ve created a WhatsApp group called *“Value Focus Club 60”* using this number: *+234 915 708 8290*, and even used his picture to make it look real.

*Important things to know*:
• The Chairman is NOT on WhatsApp running any investment group
• Access Holdings does NOT offer investment advice via WhatsApp
• Any message claiming otherwise is 100% fake

A whistleblower actually spotted this and raised the alarm, so please don’t ignore this.

*What you should do*:
• Don’t join the group or engage them
• Don’t share your personal or banking details
• Block and report the number on WhatsApp
• Let others know so they don’t fall victim

The company is already working to shut it down, but awareness is key.

Please share this with your contacts, someone you know could be targeted.

Business

HOUSE OF BIMPE FIT GAINS ATTENTION WITH TRENDY UNISEX FASHION LINE

Published

3 days ago

April 10, 2026

Sahara Weekly

HOUSE OF BIMPE FIT GAINS ATTENTION WITH TRENDY UNISEX FASHION LINE

LAGOS — A fast-rising fashion brand, House of Bimpe Fit, is making waves in the style scene with its collection of modern, elegant outfits designed for both men and women.

The brand, which showcases a blend of contemporary and classic designs, is quickly attracting attention for its attention to detail and quality finishing. From sharply tailored men’s native wears and suits to chic, figure-flattering outfits for women, House of Bimpe Fit is positioning itself as a go-to destination for fashion lovers seeking both style and comfort.

Speaking on the brand’s vision, the management emphasized its commitment to delivering “quality outfits for both men and women,” ensuring customers step out with confidence and class regardless of the occasion.

Fashion enthusiasts have particularly praised the brand’s versatility, as it caters to a wide range of tastes—from corporate elegance to casual sophistication.

With an active presence on social media, especially on TikTok via @house_of_bimpefit, the brand is leveraging digital platforms to reach a broader audience and showcase its latest collections.

Industry watchers say House of Bimpe Fit is one to watch, as it continues to carve a niche for itself in Nigeria’s competitive fashion industry.

For inquiries, customers can contact the brand via phone at 0802 686 6277.