SUNDAY 30TH JANUARY 2022

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NNPC Pays $452.5m Cash Call Arrears to IOCs in One Year $3.54bn joint venture debts offset since 2016 $1.143bn still outstanding Emmanuel Addeh in Abuja The Nigerian National Petroleum Company (NNPC) paid an additional cash call arrears of $452,535,270 to its joint venture (JV) partners between November 2020

and November 2021, bringing to $3.54 billion the total debts it paid to the international oil companies (IOCs) since 2016, THISDAY has learnt. New data from the national oil company indicated that among the

five International Oil Companies (IOCs) being owed the backlog, Mobil Nigeria Producing and Chevron Nigeria Limited (CNL) had been fully settled as of November 31, 2021. The figures gleaned from

the NNPC's presentation to the Federation Account Allocation Committee (FAAC) for January 2022, revealed that the two oil majors got a total of $833.7 million and $1.097 billion, respectively, since the arrears repayments

started in 2016. However, a THISDAY analysis of the data showed that the NNPC still has an outstanding balance of $1.143 billion, according to the latest data, out of the negotiated total debt of $4.689 billion with

the Joint Venture (JV) partners over five years ago. Aside from Mobil and Chevron, other oil majors that are being owed arrears by the NNPC include Continued on page 6

Nigeria’s Forex Inflow Hits $55.5bn in Seven Months…Page 6 Sunday 30 January, 2022 Vol 27. No 9791

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APC Caretaker Committee Meets This Week to Decide Zoning of Offices Welfare of average Nigerian paramount to ruling party, says Osinbajo Deji Elumoye and Chuks Okocha in Abuja Barring any unforeseen circumstance, the National Caretaker

Extra-ordinary Convention Planning Committee (CECPC) of the All Progressives Congress (APC) led by the Yobe State Governor, Mallam Mai Mala Buni, will meet

this week on the zoning of all the party offices, ahead of the party’s February 26 national convention, THISDAY has learnt. This is coming as the Vice

President, Prof. Yemi Osinbajo has disclosed that the ruling party would remain committed to the welfare of the common man. A member of the CECPC told

THISDAY at the weekend that the caretaker committee would also set up a zoning committee to address the issue of the zoning of the party’s elective positions.

According to him, the zoning committee will consider equity and justice before coming up with its Continued on page 8

Outrage over Plot in PDP to Shun Power Shift to South Plan to throw presidential ticket open, ridiculous, says PANDEF Middle Belt Forum vows to mobilise against any northern presidential candidate Be ready to collapse, Ohanaeze Ndigbo tells main opposition party

Deji Elumoye in Abuja, Christopher Isiguzo in Enugu and Seriki Adinoyi in Jos Condemnations have trailed the alleged plan by the Peoples Democratic Party (PDP) to shun the clamour for power shift from the North to the South in 2023. While the Middle Belt Forum (MBF) has vowed to mobilise against any political party that fields a northerner as its presidential candidate, the Ohanaeze Ndigbo has stated that PDP’s plan to throw the presidential ticket open would lead to the eventual collapse of the opposition party. On its part, the Pan Niger Delta Forum (PANDEF) has described PDP’s move as ridiculous. National Publicity Secretary of the main opposition party, Mr Debo Ologunagba, had reportedly declared that the party would not stop northern presidential aspirants from contesting, adding that the party would leave the Continued on page 5

PAYING HOMAGE... L-R: Borno State Governor, Prof. Babagana Zulum; President of Dangote Industries, Alhaji Aliko Dangote; Minister of Aviation, Senator Hadi Sirika; Shehu of Borno, Alhaji Abubakar Ibn Umar Garbai El-Kanemi; Senate President, Dr. Ahmad Lawan, and the Inspector General of Police, Mr. Alkali Usman Baba, at the Shehu of Borno’s Palace…yesterday.


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