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What happened to the $3bn received?’ — Makinde queries FG further over NLNG dividend row

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Our Reporter

Seyi Makinde, governor of Oyo, has asked the President Bola Tinubu administration to explain how it disbursed the nearly $3 billion received as dividends from the Nigeria Liquefied Natural Gas Limited (NLNG) since 2023.

The governor was responding to the presidency’s rejection of his claim that the federal government was withholding NLNG dividends due to states and local governments, resulting in a shortfall of about N9 trillion.

NLNG produces and exports liquefied natural gas (LNG) and allied products.

The company is jointly owned by the Nigerian National Petroleum Company Limited (NNPCL), Shell, TotalEnergies and Eni.

Speaking at the 2027 Budget Stakeholders’ Consultative Engagement in Ibadan on Friday, Makinde had alleged that each state “was supposed to get N250 billion”.

In a statement on Sunday, Bayo Onanuga, special adviser to the president on information and strategy, described Makinde’s claim that the federal government is withholding the NLNG dividend windfall as false and urged the public to disregard it.

Onanuga said for the states’ share alone to reach N9 trillion, total NLNG dividends paid into the federation account would have to exceed N33.68 trillion (about $25 billion) in a single declaration.

He added that NLNG had never paid $25 billion in dividends into the federation account in one fell swoop.

According to Onanuga, NLNG paid approximately $21.5 billion in dividends to the federation over the last 25 years, with less than $3 billion realised since Tinubu assumed office.

In a statement on Sunday, Sulaimon Olanrewaju, Makinde’s special adviser on media, said the governor stands by his claim, adding that the presidency’s response failed to address the crux of the matter.

“The response sidestepped the central issue: the Nigeria Governors’ Forum (NGF), with the Federal Government’s support, engaged a consultant to reconcile NLNG dividend payments,” the statement reads.

“The exercise identified a shortfall of about ₦9 trillion due to states and local governments. The Federal Government accepted the findings.

“The report remains in the custody of both the Federal Government and the NGF. We trust the Presidency will not deny its existence.

“The Presidency stated that NLNG had paid $21.5 billion in dividends into the Federation Account since inception, including $3 billion received under the current administration. But it did not explain how these funds were disbursed.

“Have states and local governments received their shares? How much did they receive, and how were those amounts calculated? What happened to the $3 billion received under this administration?”

Olanrewaju said Makinde “conducts public discourse with decorum and does not make unfounded claims or quote figures without a basis”.

He added that the governor is ready to provide further clarification, while urging the presidency to address the substance of the matter.

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20 kidnapped corps members: DSS arraigns five suspects in Owerri High Court

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The Department of State Services has arraigned five suspected members of a criminal gang allegedly responsible for the abduction of 20 prospective National Youth Service Corps members and one civilian in Imo State.

The incident occurred near Umunoha in Mbaitoli Local Government Area in Imo State on October 1, 2026.

According to Channels TV, on Tuesday, the suspects were brought before the Justice Oputa State High Court in Owerri, the state capital.

However, NTA News reports Tuesday via its Facebook page that the five arraigned suspects include Ibrahim Jiji, Aminu Haliru, Mohammed Ali, Usman Aliyu and Babangida Aliyu.

PUNCH Online reports that the suspects were apprehended during a series of intelligence-led operations conducted at different locations in Rivers and Abia states. However, in the course of the operation, three other suspects escaped with varying degrees of injury.

READ ALSO: BREAKING: Abducted 20 prospective corps members regain freedom in Imo

Security sources disclosed that the operations were carried out between October 10 and 14 in Port Harcourt, Rivers State, and Aba South Local Government Area of Abia State.

The victims were subsequently rescued on October 7, 2026, during a joint security operation at Amakohia Ubi Village.

The string of operations marks a significant breakthrough in efforts to track down the perpetrators, dismantle the criminal network allegedly responsible for the abduction and bring those involved to justice.

A security source described the development as a major relief, noting that security agencies had sustained a wide-ranging manhunt for the abductors.

“This is a huge sigh of relief. Security agencies have been on a manhunt for the abductors, and we are elated that they have been captured. We strongly believe they will be charged in court by DSS, and the corps members will get justice,” the source said.

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I never asked diaspora Nigerians not to send money home, Peter Obi clarifies

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Presidential candidate of the Nigeria Democratic Congress, NDC, has clarified his ‘don’t send money home’ comment to Nigerians in the diaspora.

In a statement posted on his verified X handle on Tuesday, Obi said his message was twisted.

He said the remittances of Nigerians in the diaspora to pay for school fees, hospital bills, rent, and feeding expenses cannot be taken for granted, adding that their patriotism and sacrifices deserve profound respect.

The former Anambra state governor said he has never asked them to abandon their loved ones, noting that his concern is that Nigeria should not remain a country where millions depend on relatives abroad for basic survival.

“Even though my media office has issued a responsible clarification on the situation, I still find it necessary to add my voice to address the distortion of my message by political opponents. My message was twisted.

“I deeply appreciate Nigerians in the diaspora who work tirelessly and make enormous sacrifices to support their families back home.

“Political opponents may twist my message, but the truth remains clear: I am not asking Nigerians abroad to abandon their families. I am advocating for a Nigeria that will no longer abandon its own people,” he tweeted.

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Two firms seek EFCC investigation into alleged $2.1m land transaction involving Wike’s son

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Two firms have petitioned the Economic and Financial Crimes Commission (EFCC) over alleged 2.1 million U.S. dollars land transaction involving Jordan Nyesom-Wike, son of the Minister of the Federal Capital Territory (FCT).

The companies, Safwan Garba GY and GY Global Oil & Gas Nigeria Limited, through their lawyer, Hamza Dantani, raised allegations of fraud, among others, against Jordan.

A copy of the letter of petition, made available to newsmen on Monday, was acknowledged by the office of the EFCC’s chairman on Oct. 8.

It reads in part, “We act as solicitors to Safwan Garba Hammdnuilahi, Principal of GY Global Oil and Gas Ltd., and write pursuant to his firm instructions.

“We respectfully write to remind the commission of our client’s petition dated 11th September, 2025 against Mr. Jordan Nyesom-Wike, concerning the alleged fraud, obtaining by false pretence, criminal misappropriation and conversion of USD 2,100,000.00 (Two Million, One Hundred Thousand United States Dollars).

“Following the petition, our client and his witness were invited by the commission and fully cooperated with the investigation.

“However, almost eight to nine months have elapsed without any meaningful update or apparent progress on the matter.

“Of particular concern is that, to the best of our client’s knowledge, the person complained against has not been invited or questioned in respect of the allegations, nor has our client been informed of any reason for the prolonged delay.”

According to the lawyer, our client does not seek preterential treatment or predetermined outcome.

He said they merely sought a fair, impartial, transparent and expeditious investigation and equal treatment under the law.

“The EFCC is a critical institution in the fight against economic and financial crimes, and its investigative processes must be seen to operate without fear or favour,”

Ibrahim Waru, another petitioners’ lawyer, in an interview at the Federal High Court in Abuja, lamented that although the anti-graft agency had acknowledged receipt of the petition, it had yet to act on it.

According to Waru, while the civil aspect of the matter is already pending before the High Court of the FCT, the petition was filed to enable the EFCC to investigate the alleged criminal elements.

He said his clients had attached to the petition a proof of evidence, including correspondence and WhatsApp exchanges, to establish that the money was allegedly handed over to Wike’s son at a house in Gwarinpa on Sept. 26, 2025, in the presence of two witnesses.

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