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Good morning! Nigerian Newspapers Headlines: FG writes off $1.42bn, N5.57tn NNPC debt

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‎1. President Bola Tinubu has approved the cancellation of a substantial portion of the debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, wiping off about $1.42bn and N5.57tn after a reconciliation of records between both parties.

This is contained in a document prepared by the Nigerian Upstream Petroleum Regulatory Commission and presented at the November meeting of the Federation Account Allocation Committee.

2. Former Vice President Atiku Abubakar on Sunday raised fresh concerns over what he described as a constitutional crisis following the alleged alterations in the gazetted version of the tax laws. He insisted that any law not gazetted the way it is passed is a nullity and amounts to forgery.

3. President Bola Ahmed Tinubu on Sunday departed Lagos for Europe to continue his end-of-year break ahead of an official trip to Abu Dhabi in the United Arab Emirates (UAE). Bayo Onanuga, Special Adviser to the President on Information and Strategy, disclosed this in a statement across his social media platforms on Sunday.

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4. Unidentified gunmen have invaded a house in Pindiga village in Akko Local Government Area of Gombe State, killing two siblings and abducting four other persons in the early hours of Sunday. The deceased, identified as Yusuf Mohammed, 31, and Faiza Mohammed, 28, were reportedly shot dead in their residence along the Pindiga–Kashere Road at about 3:30 a.m.

5. Former Ekiti State Governor, Ayo Fayose, has released what he described as documentary evidence to support his claim that Oyo State Governor, Seyi Makinde, received N50 billion from the Federal Government as a special intervention fund following the January 2024 explosion in Ibadan. Fayose made the documents public on Sunday in a statement accompanied by a memo from the Office of the Accountant-General of the Federation.

6. Minister of the Federal Capital Territory, FCT, Nyesom Wike, on Sunday cautioned those he described as “emergency singers” of the slogan “On your mandate, we shall stand” to honour existing agreements, declaring that no one can deceive them with sudden displays of support for President Bola Ahmed Tinubu. Wike stressed that agreements must be respected, noting that late political sloganeering would not erase past realities.

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7. Suspected thugs have stripped naked the Chief Executive Officer of Hosamudia Farm, Don Pedro Obaseki, in Benin City, the Edo State capital. In a video circulating on the internet on Sunday, Obaseki was seen being attacked at Uwa Primary School, where he had gone to play football. Obaseki, a cousin of former Edo State Governor Godwin Obaseki, was reportedly taken to the palace and made to kneel at the gate of the Oba’s Palace.

8. Nine bandits were reportedly killed during a heavy exchange of gunfire between the Nigerian military and criminals at Bakaji and Unguwar Garma in the Goron Dutse area of Shanono Local Government Area, Kano State. One vigilante member was also killed, while another was wounded during the encounter.

9. President Bola Tinubu has promised to resolve the political feud between the Secretary to the Government of the Federation, Senator George Akume, and Governor Hyacinth Alia of Benue State. Tinubu made the promise on Sunday in Makurdi at the wedding reception of Deborah and Samuel Akume, son of the SGF.

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10. The Director-General of the Protocol Directorate of Kano State Government House, Abdullahi Rogo, has said that the citizens of the state and voters have agreed that the former governor and incumbent, Rabiu Kwankwaso, and Governor Abba Yusuf should defect to the All Progressives Congress, APC, from the New Nigeria People’s Party, NNPP. He disclosed this in a viral video released by Arewa Update on Sunday.

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Ex-IGP Egbetokun expresses happiness Tunji Disu is taking over, says they both benefitted from Tinubu mentorship

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Former inspector-general of police (IGP), Kayode Egbetokun, has said
he is happy that Tunji Disu is taking over from him as the country’s police chief.

Egbetokun spoke on Wednesday at the State House, Abuja, during the swearing-in and decoration of Disu as acting IGP.

The former IGP resigned from his position on Tuesday following a directive from President Bola Tinubu.

“I am happy that he is the one taking over from me. My advice to him is that he already knows all the things we have been doing together — strengthening operations, enhancing intelligence coordination, improving the inter-agency deployment model, dismantling several criminal syndicates, and improving our intelligence response mechanisms. I am sure he will continue to do that,” the former IGP said.

Egbetokun advised the new acting IGP to continue to remain committed to his duties, noting that Disu has been part of his administration from the beginning.

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“He was my principal staff officer; he was commissioner of police in Rivers state and in the FCT; he was assistant inspector-general in charge of my special protection unit,” Egbetokun said.

“When the president gave the presidential directive to withdraw police officers from VIP protection, he was the person I called upon to ensure that the directive was fully complied with, and he did it very well.”

Egbetokun said he is “particularly excited” to hand over to Disu, noting that they share “unique history” and both benefited from the mentorship of Tinubu during his tenure as governor of Lagos state.

“I remember learning many things from him (Tinubu), but there is something in particular I recall,” he said.

“He once said that a good leader should have a successor and a succession plan and must invest in his likeliest successors.

“I invested in likely successors in the Nigeria Police Force, and I am happy that one of those I invested in has been found most suitable for the job and has been decorated today.”

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Egbetokun thanked the president for trusting him with different positions, especially when he appointed him as his chief security officer when he was governor of Lagos state, and subsequently as IGP when he became president.

“I am deeply grateful to him,” Egbetokun said.

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Ex-NNPC GM jailed 7 yearsin US over $2.1m bribe from Chinese oil firm

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A United States district court has sentenced Paulinus Okoronkwo, a Nigerian American, to 87 months in prison for receiving a $2.1 million bribe from Addax Petroleum, a subsidiary of Sinopec, a Chinese state-owned petroleum and gas conglomerate.

Okoronkwo is a former general manager of the Nigerian National Petroleum Corporation (NNPC), now NNPC Limited.

In a statement on Monday, the US government said John Walter, the district judge, ordered Okoronkwo to pay $923,824 in restitution to the Internal Revenue Service (IRS).

The judge also ordered the forfeiture of $1,039,997, which is the net proceeds of the sale of a home belonging to the ex-NNPC general manager.

In August 2025, Okoronkwo was found guilty of transactional money laundering, tax evasion, and obstruction of justice.

According to US prosecutors, while serving as NNPC’s upstream division general manager, Okoronkwo abused his position by accepting a $2.1 million payment from Addax Petroleum, the Switzerland-based subsidiary of Sinopec.

The prosecutors said the money, wired in October 2015 to his law firm’s trust account in Los Angeles, was disguised as payment for consultancy services but was a bribe to secure favourable drilling rights in Nigeria.

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The prosecutors had presented evidence that Addax executives falsified records to show the payment as legal fees, dismissed internal staff who raised concerns, and provided misleading information to auditors.

Okoronkwo, who practised immigration, family, and personal injury law in Koreatown, was said to have later used nearly $1 million of the bribe money as a down payment on a home in Valencia, California, while failing to declare the income on his 2015 tax return.

In October 2025, a US court granted the forfeiture application filed by the US government against Okoronkwo’s property.

The property is located at 25340 Twin Oaks Place, Valencia, California 91381.




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Tinubu charges acting IGP Tunji Disu to lead with discipline, rebuild trust in police

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President Bola Tinubu has charged Tunji Disu, the acting inspector-general of police (IGP), to lead with discipline and rebuild public trust in the Nigeria Police Force (NPF).

The president spoke at the State House on Wednesday during the decoration of Disu with his new rank as the acting IGP, following the resignation of Kayode Egbetokun.

Tinubu also told the new acting IGP to confront the escalating threats of banditry, terrorism, and other criminal activities across the country head-on.

“I expect you to strengthen the discipline, enhance interagency collaboration, and restore public confidence in Nigeria police,” the president said.

“Lead firmly but fairly, demand professionalism at every level and ensure that safety of lives and property remains your highest priority.”

Tinubu praised Disu as a “straightforward individual, committed and respected,” with sufficient discipline, urging him to draw from Egbetokun’s experience and “make it better than you met it.”

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“Nigeria is challenged right now with banditry, terrorism and all sorts of criminal activities,” he said.

“You’ll be part of the thinking, and you’ve been part of the innovation. The challenge as you hold the baton of this leadership is the belief that you will excel and Nigeria will prevail.”

The president appreciated Egbetokun for his “dedication in service” and “good leadership attributes” in maintaining law and order.

“Nigeria is a grateful nation to you,” he said.

“You have not succeeded without a good successor. Therefore, the success of a Tunji Disu IGP, when confirmed, is part of your responsibility.”

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