Connect with us

Uncategorized

NNPCL Fails To Remit $6.9 Billion, Swaps $7.1 Billion Worth Of Crude In One Year

Published

2 years ago

on

NNPCL Fails To Remit $6.9 Billion, Swaps $7.1 Billion Worth Of Crude In One Year

NNPCL Fails To Remit $6.9 Billion, Swaps $7.1 Billion Worth Of Crude In One Year

 

 

 

Nigerian National Petroleum Company Limited (NNPCL) failed to remit $6.923 billion and swapped about $7.108 billion of crude under its Direct Sale Direct Purchase (DSDP) scheme in 2021, despite borrowing spree of the Muhammadu Buhari administration, amid the dwindling oil sector revenue.

 

 

 

NNPCL Fails To Remit $6.9 Billion, Swaps $7.1 Billion Worth Of Crude In One Year

Also, outstanding taxes payable to Federal Inland Revenue Service as of July 31, 2023, was $13.591 million, while total outstanding federation revenue payable to Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as of December 31, 2022, was $8.251billion, with NNPCL and its exploration and production subsidiary accounting for over 70 percent of these liabilities.

 

 

 

The Nigerian Extractive Industry Transparency Initiative (NEITI) made the disclosure in its 2021 Oil & Gas Industry Report.

 

 

Coming despite trillions of naira recorded as Premium Motor Spirit (PMS) subsidy, some 47 other oil companies, equally, failed to pay $1.342 billion to the government.

 

 

 

The report covered the activities of over 69 companies. Twenty-two of these fell within the criteria for reconciliation, and their payments represented 95.65 percent of total payments by companies, which amounted to $11,332,792.48.

 

 

Deductions made by NNPCL from Domestic Crude Account before remittance to the federation in 2021, which stood at N751.11 billion ($1.94 billion), were not due for payment as of December 2021, even as N334.87 billion ($871.15 million) was outstanding liability as of December 2021.

 

 

 

The report said N1.20 trillion ($3.15 billion) was deducted against domestic sales proceeds as subsidy, while crude and product losses stood at N16.20 billion. Pipeline repairs and maintenance was N22.05 billion, while strategic stock holding was N6.15 billion.

 

 

 

NEITI called for thorough investigation of NNPCL and Nigerian Petroleum Development Company, adding that other companies should promptly pay outstanding liabilities, while respective government agencies should intensify efforts to recover debts.

 

 

 

NEITI insisted that the provision in Section 64 (m) of the Petroleum Industry Act (PIA) that makes NNPCL the supplier of last resort and that all associated costs should be borne by the federation, is capable of being misinterpreted, as it was during the old practice of deducting from revenue source.

Related Topics:

Sahara weekly online is published by First Sahara weekly international. contact [email protected]

Continue Reading
Advertisement

Uncategorized

Apostle Johnson Suleman: Firebrand of Faith, Prophet to the Nations, Voice to a Generation

Published

13 seconds ago

on

August 19, 2025

By

Apostle Johnson Suleman: Firebrand of Faith, Prophet to the Nations, Voice to a Generation

By Femi Oyewale

In the beginning, there was just one man with a burning vision. Today, that man has become a global force whose voice thunders across continents, whose prayers ignite miracles, and whose mission is transforming destinies worldwide. He is Apostle Johnson Suleman, the fiery Restoration Apostle, the humanitarian preacher, and the global trailblazer reshaping the Christian faith for a new generation.

Apostle Johnson Suleman: Firebrand of Faith, Prophet to the Nations, Voice to a Generation

From Auchi to the World

Born in Auchi, Edo State, Nigeria, Apostle Suleman’s rise from humble beginnings to international prominence is nothing short of remarkable. What started as a divine calling has now evolved into a global mandate, reaching millions through Omega Fire Ministries International (OFM).

His story is the classic tale of vision meeting conviction—of a man who dared to believe God not just for himself, but for nations. From a modest congregation, OFM has spread like wildfire, with branches in Africa, Europe, Asia, the Americas, and beyond.

The Man & The Mission

Apostle Johnson Suleman: Firebrand of Faith, Prophet to the Nations, Voice to a Generation

To know Suleman is to understand passion—passion for God, for people, and for transformation. He lives by one mantra: populate Heaven, depopulate Hell.

His pulpit is a battlefield, his voice a trumpet, his words a sword. Through his fiery sermons, prophetic declarations, and healing crusades, countless men and women testify of divine encounters—cancers healed, destinies restored, impossibilities overturned.

But beyond the pulpit lies the heart of a humanitarian. Suleman’s mission has always extended beyond preaching. He funds scholarships for the underprivileged, empowers widows with homes, sets up businesses for struggling families, and supports countless orphans. In times of crisis, he has sent relief materials across regions, proving that true ministry is not only heard—it is seen.

The Impact

Step into one of his crusades, and the atmosphere tells its own story. Stadiums overflow. Multitudes gather, hungry for hope. From London to Houston, Dubai to Johannesburg, crowds testify to healings, deliverance, and restoration.

Through Celebration TV and other digital platforms, Suleman’s voice penetrates homes, villages, and cities, giving access to millions who may never step into a physical church. His boldness in confronting social ills and speaking truth to power has also established him as a fearless voice beyond the church walls.

The Global Moves

Apostle Suleman is not just a Nigerian voice—he is a global phenomenon. His recent international crusades draw audiences in their tens of thousands, breaking barriers of race, culture, and language.

From prophesying to presidents to laying hands on ordinary citizens, his message is universal: God still speaks, God still heals, God still restores.

Each global tour solidifies his place as one of the most influential Christian leaders of the 21st century. He is as comfortable commanding a crowd in Chicago as he is in Accra, as bold in Paris as he is in Abuja.

The Legacy in Motion

Apostle Johnson Suleman is more than a preacher—he is a movement. A man consumed by vision, driven by compassion, and equipped with an anointing that refuses to be confined by borders.

From Auchi to America, from pulpits to palaces, from widows to world leaders, his impact is undeniable. And as the Restoration Apostle continues to blaze trails across nations, one thing is certain: his legacy is still unfolding, and his global moves have only just begun.

Continue Reading

Business

LOGS INVESTMENT JOINS FORCES WITH MC RICHMAN TO BRING “SOUTH AFRICA LAUGHS” TO LIFE

Published

7 days ago

on

August 12, 2025

By

LOGS INVESTMENT JOINS FORCES WITH MC RICHMAN TO BRING “SOUTH AFRICA LAUGHS” TO LIFE

Johannesburg, South Africa — Luxury meets laughter this September as LOGS INVESTMENT, producers of the acclaimed Logs Wine and Logs Champagne, steps in as the official sponsor of South Africa Laughs with MC Richman – Jollof Meets Pap, happening Sunday, 28 September 2025, 4 PM, at Boskruin community center,Boskruin Randburg

Chief John Eriourolo aka Ogba Johnilla
CEO, LOGS INVESTMENT

A Comedy Night with a Continental Twist
Presented by Ehi Laffs Entertainment, this blockbuster comedy event promises a fusion of cultures, tastes, and unstoppable humour. Featuring a heavyweight line-up of comedic giants — including Edo Pikin, MC Casino, Acapella, Bongani Dube, Q Dube, Femi Large, Jexy 33, and Yemite — alongside the beats of DJ Swizz and DJ Maf, the night is set to be a cultural explosion where West Africa’s Jollof meets Southern Africa’s Pap.
LOGS Wine & Champagne — The Taste of Celebration
As the powerhouse brand behind the evening, LOGS INVESTMENTS is bringing its signature luxury touch to the experience. Guests can indulge in.
Behind every bottle of LOGS Wine and LOGS Champagne lies a story of passion, precision, and prestige. LOGS INVESTMENTS didn’t just enter the wine and champagne market — they set out to redefine it, creating beverages that are as memorable as the moments they mark.
The LOGS Wine Collection
Sweet Reds — Bold and full-bodied, with deep berry aromas, hints of spice, and a velvety smooth finish. Perfect with rich meats, aged cheeses, or enjoyed on its own by the fire.
Merlot— Crisp, refreshing, and perfectly balanced with floral notes and a touch of citrus, making them ideal for warm afternoons, seafood dinners, or celebratory toasts.
Nectar — Masterfully curated to bring out the best of each varietal, these blends are versatile, food-friendly, and sophisticated, appealing to both casual drinkers and connoisseurs.
LOGS Champagne
A celebration in every sip, LOGS Champagne is distinguished by:
Fine, Persistent Bubbles that dance on the palate.
Complex Aromas of citrus, white flowers, and subtle brioche, reflecting careful aging and expert blending.
Luxurious Finish that lingers, leaving a refined, satisfying impression.
The Brand Philosophy
LOGS doesn’t just sell wine and champagne — it sells an experience. Every label, every cork pop, every pour is designed to elevate life’s special moments. Whether it’s an intimate dinner, a grand wedding, a high-profile corporate gala, or a night of world-class comedy like South Africa Laughs 2025, LOGS ensures the drink in your hand matches the moment in your heart.
The partnership ensures that laughter won’t be the only thing guests are enjoying — every punchline will be paired with world-class taste.
VIP and VVIP Experience
For those looking to elevate the evening, the VVIP package includes premium seating, water and wine service, and access to the exclusive LOGS-hosted lounge. Table-for-5 packages come with complimentary drinks and chops, making it ideal for friends or corporate groups seeking a stylish night out.
Event Details at a Glance
📅 Date: Sunday, 28 September 2025
🕓 Time: 4:00 PM
📍 Venue: Boskrain Community Centre, Kelly Avenue, Boskrain, Randburg, Johannesburg
🎟 Tickets:
VVIP (with water & wine) — R1,000
Regular — R500
Table for 5 (with complimentary drinks & chops) — R10,000
📞 Enquiries & Sponsorship: +27 837653407
With laughter on stage, music in the air, and the sparkle of Logs Champagne in every toast, South Africa Laughs with MC Richman 2025 is set to be a night Johannesburg will never forget.
Follow the conversation:
#OfficialSponsor #LaughterUnlocked #LogsWine #LogsChampagne #SouthAfricaLaughs2025 #JohannesburgEvents #JollofMeetsPap

LOGS INVESTMENTS JOINS FORCES WITH MC RICHMAN TO BRING “SOUTH AFRICA LAUGHS” TO LIFE

Continue Reading

Uncategorized

Breaking Free from Curses: A Prophetic Exposé by Prophet Joshua Iginla in South Africa

Published

3 weeks ago

on

July 29, 2025

By

Breaking Free from Curses: A Prophetic Exposé by Prophet Joshua Iginla in South Africa

At the heart of the Harvest of Miracle Conference (Day 3) held in South Africa, Prophet Joshua Iginla delivered a stirring and spiritually electrifying sermon titled “How to Break Out of Curses.” The prophetic encounter was not just a sermon—it was a divine unveiling of keys to personal liberation from long-standing ancestral, parental, and self-inflicted curses. With biblical precision and revelatory depth, Prophet Iginla laid out spiritual principles to break the chains of bondage and restore destinies.
Below is a deep dive into the central truths he delivered:
1. Apply the Hammer of the Word of God
Key Scripture: Hebrews 4:12; John 1:1-4
Prophet Iginla began by emphasizing the irreplaceable role of God’s Word as a weapon of liberation. Quoting Hebrews 4:12, he described the Word as a living and powerful sword—a divine hammer capable of smashing generational curses into irrelevance. According to him, the Word is not passive; it actively pierces, dissects, and reconstructs destinies.
“The Word of God is God Himself translated into language. You can’t carry the life of God and be subdued by curses,” he declared.
He challenged believers to incubate themselves in the Word until the Word becomes flesh in their lives (John 1:1–4). Whether the curse was deserved or unjust, the Word—if engaged properly—will hammer it into pieces.
Takeaway: To break out of curses, soak your life daily in the Scriptures. Recite it, meditate on it, declare it—let the Word do spiritual surgery.
 2. Engage the Force of Prayer
Key Scripture: Luke 18:1
Prophet Iginla likened prayer to spiritual artillery that disarms curses operating in secrecy or in public. Curses thrive in silence; prayer destroys their breeding ground.
“You can’t pray and remain cursed. A man of prayer is a man of power,” he said.
He reminded the audience of Jesus’ parable on the necessity of continual prayer (Luke 18:1), underscoring that persistent, violent, faith-driven prayer dismantles spiritual verdicts issued against a person’s lineage.
Takeaway: Don’t just pray occasionally—make prayer a lifestyle. Curses retreat when a person dwells in the atmosphere of divine communication.
Breaking Free from Curses: A Prophetic Exposé by Prophet Joshua Iginla in South Africa
 3. Walk in Forgiveness
Key Scripture: Matthew 6:14–15
One of the most heartfelt moments in the message came as Prophet Iginla addressed the poison of unforgiveness. Whether you are seeking forgiveness or granting it, bitterness is a spiritual magnet for curses.
“Forgiveness is not just for them; it’s your jailbreak,” he warned.
He explained that unforgiveness delays divine intervention. When you forgive, you align with God’s mercy—activating divine pardon and freedom from curse-based consequences.
Takeaway: Forgive swiftly. Harboring offense is like nurturing your own prison. Mercy flows where forgiveness is present.
4. Understand and Undo Parental Curses
Key Scripture: Ephesians 6:2–4
Moving into deeper waters, Prophet Iginla highlighted that parental curses—especially those spoken by biological or spiritual parents—are some of the most potent and dangerous forms of curses.
“A prophet can pray for you, but if your parent cursed you, go back and make peace,” he admonished.
He addressed children who have turned against their parents due to offenses, urging them to seek reconciliation. According to him, honor unlocks destiny, and dishonor invites spiritual blockage. Even imperfect parents deserve respect—not necessarily because of their actions, but because of their divine position.
Takeaway: Don’t trade your future for the satisfaction of revenge. Reconcile with your parents. That act alone may cancel years of spiritual delay.
Avoid Being a Curse to Yourself
Not all curses come from external forces—some are self-inflicted, Prophet Iginla revealed. People who engage in destructive behaviors, dishonor their spiritual lineage, or handle their lives carelessly often curse themselves unknowingly.
 “When you disconnect from those assigned to help your destiny, you plug into frustration,” he stated.
He warned spiritual sons and daughters to never dishonor their spiritual covering, as doing so cuts them off from prophetic blessings. Likewise, believers who self-sabotage through sin, fear, and laziness must repent and align themselves with divine purpose.
Takeaway: Examine yourself. Are you living in a way that invites curses? Shift today.
As he concluded, Prophet Joshua Iginla released a thunderous prayer:
 “I break to pieces every chain of curses released to tie and frustrate your destiny. Any blanket of curses covering your future is removed. In Jesus’ mighty name!”
The atmosphere was charged, and many in the auditorium experienced instant breakthroughs, with testimonies of curses being broken and destinies realigned.
Final Thoughts
Curses are real, but they are not permanent. In this powerful session, Prophet Joshua Iginla made it clear: You don’t break curses through emotion or logic—you break them through divine strategy. Engage the Word, persist in prayer, walk in forgiveness, honor your roots, and live wisely.
The chains will break. The curse will be reversed. And your life will reflect the blessing of the Lord that makes rich and adds no sorrow.
Continue Reading

Cover Of The Week

RSS Africa-Newsroom

RSS Unknown Feed

Trending