ANAMBRA POLICE ACTION ON THE CULT CLASH THAT RESULTED IN THE FATAL INJURY OF FOUR PERSONS AT AFOR NAWFIA MARKET. (PHOTO). #PRESS RELEASE

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 ANAMBRA POLICE ACTION ON THE CULT CLASH THAT RESULTED IN THE FATAL INJURY OF FOUR PERSONS AT AFOR NAWFIA MARKET The Anambra State Police Command wishes to provide a comprehensive update on the cult-related attack that occurred on the evening of 7th December 2025 at Afor Nawfia Market, along the Onitsha–Awka Old Road. It will be recalled that operatives of the Command attached to the Special Anti-Cult Squad, Enugwu-Ukwu, had, four days earlier, acting on credible intelligence about a planned rival cult confrontation, arrested two dangerous suspects and recovered a firearm from them. The arrested suspects have been assisting the Police with valuable information aimed at preventing further cult-related violence within Awka and its environs. Despite these proactive efforts by the Command operatives, some members of the same gang, on the evening of 7th December 2025, operating in a black Lexus Jeep with registration number yet unknown, stormed Afor Nawfia Market and opened fire indiscr...
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NNPC LTD IS NOT OWING $6.8BN.(PHOTO). #PRESS RELEASE.

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PRESS RELEASE

NNPC Ltd is not owing $6.8bn

The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd.) has been drawn to a media report that the company is indebted to international oil traders to the tune of $6.8bn and that it has not remitted revenues to the Federation Account since January, among other allegations.  

Consequently, the following clarifications have become necessary:

1. That NNPC Ltd. does not owe the sum of $6.8bn to any international trader(s). In the oil trading business, transactions are carried out on credit, and so it is normal to owe at one point or the other. But NNPC Ltd., through its subsidiary, NNPC Trading, has many open trade credit lines from several traders. The company is paying its obligations of related invoices on a first-in-first-out (FIFO) basis. 

2. It is not correct to say that NNPC Ltd. has not remitted any money to the Federation Account since January. NNPC Ltd. and all its subsidiaries remit their taxes to the Federal Inland Revenue Service (FIRS) regularly. This is in addition to payments of CIT to road contractors under the Road Investment Tax Credit Scheme. In all, NNPC Ltd. is the largest contributor to the tax revenue shared every month at the Federation Account Allocation Committee (FAAC). 

3. On the issue of quality/quantity fiscalization of imported petroleum products, NNPC Ltd. has no role whatsoever as it is not a regulator. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which is the relevant regulatory agency in charge of such issues, is an independent body and does not report to the NNPC Ltd.  

4. That NNPC Ltd. is not averse to inquiries by the media into issues on and around its operations before dissemination to the public either through the print or electronic channels of communication as the company will, always, gladly take the opportunities to state the facts of the subject matter(s). This is in line with the company's commitment to the Transparency, Accountability, and Performance Excellence (TAPE) philosophy as emplaced by the Mele Kyari-led management since stepping into the saddle in 2019.

Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja

18 August, 2024

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