- South African newspaper, City Press is reporting that last week’s record fine levied on MTN Nigeria is linked to the role that unregistered MTN sim cards played in the kidnap of former minister of finance Olu Falae. The newspaper claimed that sources close to the NCC told it that the decision on the
N1.04 trillion sanction was no longer a regulatory issue, but a matter of national security, saying that the phone lines that the kidnappers used to conduct ransom negotiations were MTN lines.
- Meanwhile, the Department of State Services has brokered peace between the leadership of Afenifere and Miyetti Allah Cattle Rearers Association. The Director of DSS in Osun State, Andrew Iorkay, organised a peace meeting as a result of the growing tension between the leadership of Afenifere and Fulani herdsmen after the recent abduction of a former Minister of Finance, Olu Falae. A former Attorney General of Osun State, Mr. Niyi Owolade, represented the Afenifere while the Miyetti Allah team was led by its chairman, Salihu Ismael; Secretary, Aliyu Kamilu and Sarkin Hausawa, A. Ahmadu.
- A lack of communication from the Senate to the Presidency on confirmation of President Muhammadu Buhari’s ministerial nominees is delaying the inauguration of the new Federal Executive Council. Though the Senate had announced the confirmation of 36 nominees as minister-designates, they have not officially communicated the confirmation to the Presidency. The President’s liaison with the Senate, Ita Enang, has confirmed that the Senate has yet to communicate to the Presidency on the matter because doing so would require a Senate plenary.
- The Nigerian National Petroleum Corporation incurred a total loss of
N120.07 billion in the months of August and September, the latest NNPC Group financial report has shown. According to the report, the NNPC incurred losses of N60.67 billion and N59.4 billion in August and September, respectively. The report specifically stated that the NNPC’s revenue in August was N146.617 billion, while its expenses were put at N207.287 billion. Total expenses in September were N171.914 billion, while revenue for the same month was N112.514 billion.