NNPC Plans N126bn Deduction from June Remittance to FAAC Says negotiations ongoing to acquire 20% stake in Dangote Refinery Obinna Chima in Lagos and Emmanuel Addeh in Abuja The Nigerian National Petroleum Corporation (NNPC) has served notice
to the Federation Account and Allocation Committee (FAAC) that it will deduct about N126 billion from its remittance to the Federation Account at the next meeting
scheduled for June. This is coming as the Group Managing Director of the corporation, Malam Mele Kyari, yesterday clarified that the plan by the corporation to
purchase 20 per cent minority stake in Dangote Refinery has not been concluded. In a report signed by NNPC's Bello Abdullahi, on behalf of the Chief Financial
Officer, a copy of which THISDAY obtained at the weekend, the corporation stated that subsequently, it will begin the subtraction of the balance of an additional
N50 billion, being Joint Venture (JV) cost recovery to sustain crude oil production level. In the document which Continued on page 10
Zenith, UBA Lead as Banks Lend N760bn to Customers... Page 8 Monday 31 May, 2021 Vol 26. No 9548. Price: N250
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M'Belt, Southern Leaders Rally Support for Southern Presidency North-west, South-south, South-east intensify lobby for more states Deji Elumoye and Chuks Okocha in Abuja Leaders from the Middle Belt and the South yesterday joined the crusade for power shift
to the South in 2023, after the expiration of President Muhammadu Buhari’s final tenure in office. They also expressed concerns about the
deteriorating security situation in the country and called on the federal government to impose a state of emergency in the sector. The leaders, under the
auspices of Southern and Forum (SMBLF), rising from a meeting in Abuja, during which they discussed the state of the nation as well as the 2023 general election,
called on all political parties, including the All Progressives Congress (APC) and the Peoples Democratic Party (PDP), to give preference to the South in choosing their
presidential candidates. The leaders said the North would have enjoyed the presidency for the full Continued on page 48
Tension in South-east as Separatist Agitators Follow Boko Haram’s Tactics Police allay fears as residents stockpile food items, others over sit-at-home order Christopher Isiguzo, Gideon Arinze in Enugu, Benjamin Nworie in Abakaliki, Emmanuel Ugwu-Nwogo in Umuahia, David-Chyddy Eleke in Awka Tension has enveloped the five states in the South-east as secessionist agitators ramped up attacks on security facilities and Independent National Electoral Commission (INEC) assets, in a fashion reminiscent of the onset of the Boko Haram insurgency that has now crippled the North-east. The separatist agitations in the South-east is being championed by the Indigenous People of Biafra (IPOB), which police and other security
agencies have accused of waging a terror campaign in the South-east through its paramilitary organisation, the Eastern Security Network (ESN). However, the separatist group has serially disclaimed allegations of being behind the attacks on state institutions in the South-east. Boko Haram, founded in 2002 by Mohammed Yusuf, to campaign against Western education and to seek the imposition of Islamic rule on Nigeria, had transmuted into a terror group about a year after the police killed its leader in July 2009. Continued on page 10
Buhari Mourns Gulak, as Police Say Assassins Killed... Page 5
ALL FOR PEACE IN MALI... President Muhammadu Buhari (left) with President Nana Akufo-Addo of Ghana, at the Extraordinary Session of ECOWAS Leaders on Mali in Accra, Ghana... yesterday