NNPC Transition: Group CFO Expected to Intensify Internal Checks, Control FG to Halt funding as national oil company transforms fully to commercial entity today Eyes IPO in June 2023 as Kyari assures NNPC will run as world class firm Says Dangote refinery ready Q1, 2023 Emmanuel Addeh in Abuja and Peter Uzoho With the Nigerian National Com-
pany Limited (NNPC) officially transitioning into a private entity that would be regulated in line with the provisions of the Companies
and Allied Matters Act (CAMA) from today, the Group Chief Finance Officer (Group CFO) will be expected to shoulder ad-
ditional responsibilities of not only ensuring the liquidity of the group but efficient allocation of capital to businesses based on rate of return
and business/project priorities. Also, as the NNPC transitions to a full commercial entity today, the federal government would
henceforth halt all forms of funding for projects and sundry purposes in contrast to what has obtained Continued on page 11
2023: INEC in Talks with CBN over Election Materials Storage, Says Okoye... Page 35 Tuesday 19 July, 2022 Vol 27. No 9961. Price: N250
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Tinubu, Adeboye Meet over Muslim-Muslim Ticket... Page 34
Seven Takeaways from Osun Gubernatorial Election Adedayo Akinwale in Abuja Last Saturday’s governorship election in Osun State, which saw candidate of the opposition Peoples Democratic Party (PDP), Senator Ademola Adeleke, emerged winner,
has left on the political space, some instructive takeaways no one can gloss over at this material time. Although the takeaways cut across interests and political parties, the inherent lessons addressed some of the mistakes, identified the
strengths that played in, exposed the weaknesses that unsettled certain equations and hinted at the prospects therein for the actors to cultivate and leverage ahead of next year’s election.
The Power of BVAS
Saturday’s governorship election in Osun State, was one of the finest undertakings by the Independent National Electoral Commission (INEC), if and when the success is measured.
This, however, was made possible, largely because of the use of the Bimodal Voter Accreditation System (BVAS), an electronic device designed to read Permanent Voter Cards (PVCs) and also authenticate voters. The Osun election, to a very
reasonable extent, was credible, free and fair, thus producing the sort of result difficult for any honest competitor in the election to challenge, not even the defeated Continued on page 10
Winners and Losers: How They Shaped Osun Governorship Poll Chuks Okocha Last weekend’s governorship election in Osun State, was a keenly contested exercise, which threw up
quite a surprise, and further left in its trail, natural expectations – winners and losers – but, with a different mix. Save for some major and defining
amendments to the Electoral Act, which introduced a good use of technology and by implications, plugged avenues for electoral manipulations, there was actually
very few distinguishing markers between the 2018 governorship election in the state and the one held on Saturday, July 16, 2022. Candidate of the opposition
Peoples Democratic Party (PDP), Senator Ademola Adeleke, was the candidate to beat in both elections. However, while there were alleged manipulations in 2018, after the
stalemate, which resulted in a rerun and the eventual victory of the outgoing governor, Gboyega Continued on page 10
WINNERS
Muhammadu Buhari
Ademola Adeleke
David Adeleke
Atiku Abubakar
Ifeanyi Okowa
Iyorchia Ayu
Seyi Makinde
Abdullahi Adamu
LOSERS
Bola Tinubu
Gboyega Oyetola
Ayo Fayose
Nyesom Wike