BIG STORY
Fuel Scarcity Looms As Depots Increase Petrol Price To N720 Per Litre
Published
1 year agoon

A fuel shortage is emerging in Lagos and other parts of Nigeria, prompted by private depot owners increasing the wholesale price of petrol from N630 to N720 per liter.
This development comes as fuel scarcity worsens in Abuja and surrounding states, with some gas stations selling petrol as high as N900 per liter.
According to The Punch, many gas stations in Lagos, Ogun, and other states have depleted their fuel stocks, refusing to purchase fuel from private depots at inflated prices.
Hammed Fashola, National Vice President of the Independent Petroleum Marketers Association of Nigeria, stated in an interview that numerous gas stations were closed due to empty tanks, urging the Nigerian National Petroleum Company Limited, the sole petrol importer, to provide explanations for the shortage.
“Those that shut their stations do not have fuel to sell. When you don’t have fuel, you cannot open your station. That is the problem. You know the NNPC is the sole importer of this product. I think it is in the best position to tell us what is actually going on.
“Currently, independent marketers cannot buy what the private depots are selling. They are selling fuel between N715 and N720 per litre. How much will marketers sell the product? Look at the cost of bringing it to their depots; with transportation and other depot expenses, it will be too costly for them. That is why the stations are shut down. Some marketers refuse to go and buy because they know the masses cannot afford high-priced petrol in this economy. That is the situation for now,” the IPMAN leader stated.
It was gathered that the third parties, who are private depot owners, used to sell PMS to independent marketers at the rate of N630-650/litre before now, while the NNPC sells petrol to major marketers at a price below or around N600.
On many occasions, leaders of IPMAN have appealed to the NNPC to supply them with petrol directly like they do to major marketers, but the NNPC has yet to yield to that call.
Fashola appealed to Nigerians to avoid panic buying, saying they should buy what they need so that the fuel in circulation could go round.
It was gathered that the major marketers sold petrol below N650 while the independent marketers sold between N750/litre and N800/litre.
Multiple officials confirmed to one of our correspondents that officials of the Nigerian National Petroleum Company Limited stormed the various depots in Apapa on Friday, mandating depot owners to prioritise fuel supply to the Federal Capital Territory, Abuja, where the fuel queues were initially noticed on Friday.
Abuja prioritised
On Saturday and Sunday, many trucks were reportedly directed to Abuja to reduce the queues in the FCT, leaving Lagos and other places with little supply.
One of the officials disclosed that the NNPC was rationing PMS to depots due to the fuel supply gap.
This is coming barely three days after a report by Reuters claimed that Nigeria’s debt to suppliers of Premium Motor Spirit had surpassed $6bn, doubling what it was since early April, as the NNPC struggled to cover the gap between fixed pump prices and international fuel costs.
Although this was denied by the NNPC, the Reuters report stated that the national oil company began struggling early this year when late PMS payments surpassed $3bn.
The company, it said, had yet to pay for some January imports which traders put between $4bn and $5bn.
“The only reason traders are putting up with it is the $250,000 a month (per cargo) for late payment compensation,” one industry source said.
At least two suppliers were said to have stopped participating in recent tenders after hitting self-imposed debt exposure limits to Nigeria, meaning they will not send more PMS until they receive payments.
It was reported that Nigeria’s tenders to buy gasoline in June and July were smaller, traders told Reuters. NNPC will import via tender about 850,000 tonnes in July, according to the Reuters report quoting sources, down from the typical one million tonnes in previous months.
Meanwhile, findings show some marketers have refused to supply petrol to independent marketers, who own the larger percentage of the filling stations in Nigeria. This, it was gathered, was because the depots/marketers were getting limited supplies from the NNPC.
“Currently, we focus on our filling stations. We get less than 50 per cent of what we usually get from the NNPC now. So, we make sure we feed our stations first before we consider selling to independent marketers. That is why most of them are out of stock. You know they don’t have access to the NNPC and the little we get is not even enough for our stations,” one of the depot operators said on condition of anonymity because was not authorised to speak on the matter.
The operator mentioned that the few depots selling to IPMAN members sell at higher prices as demand overshoots supply.
Queues were returning to Lagos as of Sunday, creating fears among residents, who have yet to forget the fuel scarcity that almost grounded the economy in May.
It was observed in some fuel stations across the state, that some fuel stations had adjusted the prices of PMS upward.
Fresh queues for the product surfaced in Abuja, parts of Niger and Nasarawa states on Friday, following the closure of many filling stations operated by independent marketers.
Dealers closed their retail outlets due to their inability to access petrol as a result of the hike in the ex-depot price of the commodity to N710/litre by private depot owners.
Motorists besieged the few stations that dispensed petrol on Friday; particularly those operated by the Nigerian National Petroleum Company Limited and some major oil marketers in Abuja and neighbouring states.
It was noted that the situation was extending to Lagos. Out of about 10 fuel stations along the Ikotun to Egbeda axis, only about two stations were dispensing at the time of filing this report.
At Ikotun, one of the outlets belonging to the NNPC that was selling for N568 per litre had long queues while others were not dispensing. At the Igando-Ikotun axis, only an outlet belonging to Petrocam sold at N820 per litre.
Long queues
It was also observed that an outlet belonging to TotalEnergies along Mushin Road, in Isolo, sold fuel at N615 per litre with a long queue of waiting buyers.
Meanwhile, a Technoil filling station at Isolo Bustop was not selling fuel at the time of filing this report. Also, the NNPC filling station on the same axis that sold for N568 per litre was crowded with cars.
It was further observed that there were no fuel attendants at an AP filling located along Okota Road, as the outlet was closed at the time of filing this report.
Al Morouf filling located along Ilasa Road only sold to a few customers.
A motorist who simply gave his name as Mr Emmanuel Anyebe, said, “They said they have removed fuel subsidy and by that, we assumed that what happened in the telecommunication industry would happen to the oil and gas sector, but it didn’t. It is not as if there is scarcity, there is no scarcity anywhere. I asked at the fuel station why the queue all they could say was that they had not been able to get the product. He said that about six tankers they ordered in the last two weeks were only able to get one tanker delivered to their station. This is just unnecessary suffering that is how I see it, they suffer people and waste people’s time unnecessarily.”
It was gathered that the AP Fuel Station at Ilasamaja experienced intermittent fuel sales on Sunday.
The station sold fuel in the morning but stopped operations in the afternoon, resuming sales later in the evening. Customers willing to pay a premium could purchase five litres of fuel at a rate of N4,000.
“We sold at N615 per litre today but we have stopped for now. However, if you are desperate, we can sell to you at a higher rate,” a customer attendant at the AP Fuel Station revealed.
Meanwhile, the General Fuel Station in Sadiku had no fuel available when visited by our correspondent, exacerbating the fuel scarcity crisis in Lagos.
A motorist simply identified as Segun in Nepal, Akowonjo, Lagos State, told our correspondent that he purchased fuel at the rate of N650, adding that the queue was becoming unbearable.
“I paid N650 per litre, and it is annoying because I have been buying it like this for the longest time, and I think the government needs to do something about it, but then again, we have no choice.
A commercial driver, Timothy stated that he purchased fuel at Petrocam in Ikeja for N670.
He said, “Things keep increasing, the dollar is high, and all these producers are storing the fuel somewhere. They even mentioned that the prices might be higher.”
In Ogun State, checks by our correspondent revealed that petrol was sold between N700 to N800 amid long queues.
It was gathered from a resident, Emmanuel Ogbonna, that Ebefem fuel station in Abeokuta dispensed petrol at the rate of N720.
Emmanuel decried the difficulties experienced in getting petrol as there seems to be a return of fuel scarcity.
Emmanuel said, “I bought fuel at N720 in Ebefem filling station. There was no queue at the time I visited the station but major fuel stations like NNPC were not dispensing fuel when I visited yesterday (Saturday) evening. It seems petrol is scarce.”
A fashion designer in Abeokuta who identified himself as Ibrahim told our correspondent that he purchased the product at the rate of N750 at a private fuel station.
“My apprentice got the fuel at N750 at Oyinkansola. This is affecting my business.”
Further checks in the Oloka area of Imeko-Afon revealed that petrol was dispensed at N850 per litre.
A resident, Ade Akinola, told our correspondent that petrol was dispensed at the rate of N850. He blamed the Federal Government’s decision to ban the supply of petroleum products within 20 kilometres of the nation’s borders.
Akinola said, “Over the years, petroleum products have been expensive in border communities because of the 20km ban on the supply of crude to the nation’s border.
“As of today (Sunday), the last filling station permitted to dispense petroleum products sells fuel at N850. In places like Ilara which is the border town, petrol sells for N1,500 per litre. This is making life tough for residents of border communities.”
Ado-Ekiti stations
Report has it that many of the petrol stations in Ekiti State, particularly in Ado-Ekiti, the state capital, have not been dispensing fuel to customers in the past few days.
At the few stations where the product is sold, there are long queues of vehicles especially where the price per litre is a bit low.
On Saturday and Sunday, the filling stations sold for between N650 and N760 per litre.
A motorist, Olaniyi Olaogun, said, “We have been in this fuel situation for some days now and nobody is ready to give an explanation. I bought fuel on Saturday at N650 per litre at a filling station in the Adebayo area of Ado-Ekiti. The queue there was unbelievable at that amount.
“It is only NNPC that sells at N580 per litre, others are above N600 per litre. I know NNPC along Iworoko Road sold at N580 per litre on Friday,” he said.
Another car owner, Mrs Lydia Igbala, said she bought fuel at N750 per litre and N760 per litre at different locations in the state capital on Saturday and Sunday respectively.
In Kwara, it was gathered that there was availability of PMS in Ilorin, on Sunday as most of the stations were selling fuel to motorists. However, the prices ranged from N600 to N750 per litre in most of the petrol outlets.
The AP filling station at Murtala Mohammed Road, a major commercial area in Ilorin, dispensed fuel at N620 per litre while MJK in the same area sold at N750. The MRS located on Unity Road sold at N600 per litre while Abanik at Sawmill sold at N660.
Shafa station sold at N700 per litre; Rain Oil at Asa Dam road and Lao area respectively were selling at N720 per litre; Tigress at Odota sold at N750 per litre, while Bovas sold at N670 per litre in all its stations located in various parts of the metropolis.
However, the price of diesel at stations that have supply ranged from N1,450 to N1,700 per litre while kerosene was sold at N1,650 per litre.
In Benin, Edo State, independent marketers sold PMS between N700 and N730 per litre, while the major marketers sold between N660 and N680.
Report has it that the prices were higher in Edo North with a litre going for between N730 and N900 by the Independent marketers who are mostly in that area. In Edo Central, a litre sold for between N750 and N850 on Sunday.
The NNPCL fuel station sold PMS at N591 per litre, but motorists had to queue for long hours to buy the product.
It was learnt that the NNPC filling stations in Rivers State were selling fuel for N591. However, others sold between N750 and N760 as of Sunday.
Sokoto
Long queues of motorists resurfaced at the mega station of the NNPC in Sokoto State as fuel scarcity hit the state. Our correspondent who monitored the development gathered that only the NNPC station sold the product at N620 naira per litre.
Other fuel stations that sold fuel between N720 and N750 before now sell between N850 and N900, depending on the filling stations.
In Kaduna, fuel is sold between N720 and N800 along the Sabon-Tasha expressway by Command Junction, in the southern part of the state.
At the NNPC Mega stations along Stadium Roundabout and Aliyu Makama Road by Living Faith Church, Barnawa, fuel was being sold at N620 per litre but with a long queue.
At the black-market rate, motorists buy a gallon of petrol at N4,000 and N4,500 depending on the locations within the Kaduna metropolis and its environs.
NNPC spokesperson did not immediately respond to calls and messages seeking reaction on the developments on Sunday
Abuja scarcity lingers
Meanwhile, some filling stations in locations far from the city centre of the FCT dispensed Premium Motor Spirit, popularly called petrol, at N900/litre on Sunday, as the scarcity of the commodity lingered in Abuja and neighbouring Nasarawa and Niger states.
Hide original message
Hundreds of motorists besieged the outlets operated by big dealers such as Nipco, Salbas, and Conoil, among others, to get the product at between N660/litre to N690/litre, whereas smaller stations operated by independent marketers sold the product at higher rates.
One of the remote stations along the Kubwa Village market road dispensed its product at N900/litre and had fewer queues compared to those at the few outlets of major dealers that sold petrol on Sunday.
Attendants at the Kubwa facility confirmed the position that was earlier stated by the National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, that the ex-depot price of petrol had been increased to N710/litre at depots.
“The price of petrol at depots is now more than N710/litre. You have to pay for transportation to bring it from Lagos, Port Harcourt or Warri to Abuja, That cost has to be factored in. There are other operational costs to include too.
“When you add all this, there is no way you will sell at even N800/litre and be able to get a sensible margin. This applies mainly to independent marketers who operate smaller stations.
“For the major marketers, some of them have their private depots, so they can afford to sell at lower prices,” an attendant who simply identified himself as Austin, stated.
The IPMAN president had earlier told our correspondent that some dealers closed their retail outlets due to their inability to access petrol as a result of the hike in the ex-depot price of the commodity to N710/litre by private depot owners.
He said private depot owners had raised the ex-depot price of PMS to N710/litre, whereas the pump price of the commodity at NNPC retail stations was N617/litre.
Maigandi said, “The current situation is a result of the way private depot owners have been selling their products. It has been very difficult for independent petroleum marketers to get the product and sell it in Abuja and neighbouring states, as well as in other states in the North.
“So the queues you are seeing now are because of the cost of PMS by private depots. The private depots are selling at N710/litre, but if you check the price of the same product at NNPC retail outlets, it is N617/litre.
“Therefore, by the time we independent marketers buy from private depots and bring it to our filling stations, we will not be able to sell our product because our cost price is already so high, while the cost at NNPC retail outlets is far lower.
“And you know that when we buy it at the rate of N710/litre we have to add transportation cost again because there is no equalisation. And when we add the cost of transportation, the pump price is going to be higher than the N710/litre ex-depot price, whereas NNPC stations sell at N617/litre.”
Maigandi explained that because of the widespread number of stations operated by IPMAN, any distortion in the supply of products to members of the group would eventually lead to fuel queues because major marketers and NNPC stations are fewer in number.
On whether IPMAN members cannot get direct PMS supply from NNPC, instead of buying the product from private depots, he replied, “That is what we have been negotiating with them (NNPC), and they promised us that they will start giving us our allocation.
“They have started but the quantity is small compared to the number of retail outlets operated by IPMAN nationwide. We are getting products from NNPC, but the volume is too small for our members.
“So we are requesting additional volumes because in Abuja alone we have over 250 retail outlets belonging to IPMAN members. This is just for Abuja, we’ve not talked about Niger, Kaduna, and other states in the North, not to talk of the number nationwide.”
Maigandi, however, stated that the queues for petrol were not pronounced in remote villages, adding that “when you go to the villages you will see that there are no queues.”
Credit: The Punch
You may like
-
Autonomy Standoff: Governors Get N4.5tn Local Government Funds One Year After Supreme Court Ruling
-
Corrupt Politicians Using Crypto Wallets To Launder Money — EFCC Chairman Olukoyede
-
Troops Kill 24 Terrorists In Borno, Repel Kebbi Bandits
-
“Your Turn Will Come To Leave Power” — El-Rufai Tells Political Office Holders
-
Buhari Couldn’t Have Won 2015 Election Without Tinubu’s Strategic Support — Bayo Onanuga
-
REVEALED: Trump’s Visa Clampdown Linked To Nigeria’s Refusal To House Asylum Seekers — TheCable Report
BIG STORY
Autonomy Standoff: Governors Get N4.5tn Local Government Funds One Year After Supreme Court Ruling
Published
25 minutes agoon
July 11, 2025
Exactly one year after the Supreme Court granted full autonomy to Nigeria’s 774 local government areas, the Federal Government continues to route allocations through state governments.
An analysis by The Punch reveals that state governors have retained control over council funds amounting to N4.5tn, in defiance of the historic ruling that mandated direct disbursement of funds to local governments.
On July 11, 2024, the Supreme Court declared that local governments should receive their allocations directly from the Federation Account, ruling that the previous practice of passing funds through state governments was unconstitutional.
Following the verdict, the Federal Government set up an inter-agency committee to enforce the decision and instructed the Central Bank of Nigeria to create dedicated accounts for each of the 774 local government councils to enable direct payments.
But one year later, findings by The Punch indicate that the directive remains largely unimplemented.
Allocations to local governments are still being funneled through state governments, with the process hampered by delays and disagreements involving the Central Bank, state governments, local council authorities, and other stakeholders.
Data from the Federation Account Allocation Committee shows that between July 2024 and June 2025, a total of N4.496tn was allocated to local government councils.
This represents 24.87 per cent of the N18.074tn shared among the three tiers of government over the 12-month period.
According to the monthly communiqués released by FAAC, N337.02bn was allocated to LGs in July 2024, N343.70bn in August, N306.53bn in September, N329.86bn in October, and N355.62bn in November.
In December, local governments received N402.55bn, followed by N361.75bn in January 2025, N434.57bn in February, and N410.56bn in March.
Subsequent allocations included N387bn in April, N406.63bn in May, and N419.97bn in June.
Although the percentage of the total allocation going to local governments has remained steady, ranging between 24 and 25 per cent each month, the method of disbursement continues to breach the Supreme Court’s judgment.
An official at the Office of The Attorney General of the Federation, told The PUNCH that the AGF had done his bit, stating that the FG set up a committee to work on ensuring that the LGs were granted full autonomy.
Our source said, “The Attorney General is not the one in charge of disbursing of funds. The implementation committee raised by the Federal Government is chaired by the Secretary to the Government of the Federation. AGF is just a member there and he is not even the secretary. The Minister of Finance is there.
“The AGF has already gone to court and won the case and the moratorium, which was given to the governors before, was for them to conduct their local government elections, which I think all of them have complied with.
“The committee that was raised, ALGON is part of it, Labour is part of it. Those are the people to direct some of these questions to.”
The General Secretary of the Association of Local Governments Employees, Muhammed Abubakar, while speaking with The PUNCH on Thursday evening said the association was patiently waiting on the Office of the Secretary to the Government of the Federation to give updates on the documents submitted to President Bola Tinubu.
According to Abubakar, Tinubu listened to the concerns of the governors and mandated the Secretary to the Government of the Federation, George Akume, and the Attorney General of the Federation, Lateef Fagbemi (SAN) to work on the bottlenecks affecting the implementation of the judgment.
“No one has gone quiet. The process is still ongoing. The governors had some concerns and the President gave a listening ear to the governors. The President then mandated the SGF and AGF to work on the bottlenecks and concerns raised by the governors. They have communicated it to the Presidency. We are just waiting for the SGF to share updates on whether the President has received all the details.”
Confirming the delay in implementing the court ruling, the Gombe State, NLC chairman, Yusuf Bello, said nothing has changed nationwide.
He noted that appointed chairmen still lacked control over funds, while autonomy remained elusive.
According to him, only local government elections conducted by the FG can bring meaningful change and improve grassroots governance.
He said, “Does any chairman have the right to touch the money? It’s still pocketed, it’s the same scenario all over the nation.”
A source at the NULGE Gombe office under anonymity said that the challenge of implementation is nationwide.
He said, “I can confirm that all paper works have been completed. Implementation is not only a Gombe issue, it’s nationwide. Gombe is not one of the states where the executive puts eyes on the resources each LGA is allowed to spend freely.”
It was also gathered that the 16 LGs in Kwara State were yet to open accounst with the CBN.
The Chairman, NULGE, Kwara chapter, Seun Oyinlade, disclosed this in a telephone conversation with Punch correspondent in Ilorin on Tuesday.
“The local government chairmen are yet to open accounts with the CBN.”
Chairman of the state branch of the Nigeria Labour Congress, Comrade Saheed Olayinka said he was not aware that the LGs had opened the CBN account, adding that the accounts might be opened this month.
It was further gathered that the 44 LGs in Kano State were yet to comply with the directive of the CBN on the opening of accounts at the apex bank.
A reliable source at the Ministry for Local Government and Chieftaincy Affairs, who spoke on condition of anonymity, told The PUNCH, “To my knowledge, none of the 44 councils in the state has opened accounts with the CBN.
“We heard that the apex bank has opened an account for each of the local governments and what remains is to regularise the accounts, which is yet to be done,” the source said.
Our source accused the local government council chairmen and the NULGE officials of not making moves or efforts to ensure that the councils opened the accounts as directed by the apex bank because of what he described as personal benefits.
The Kano State Commissioner for Information and Internal Affairs, Ibrahim Waiya, confirmed that local governments in the state were yet to begin receiving statutory allocations directly from the FG.
He described the issue as national, adding that most northern states had not completed the internal requirements needed for full compliance, including setting up LG service commissions.
Waiya said Kano has made progress by establishing its own commission, chaired by Malam Ibrahim Jibrin.
He added that Governor Abba Kabir Yusuf had granted LGs autonomy to manage resources independently.
The Chairman, NULGE, Bayelsa State, Comrade ThankGod Singer, says states and local government councils all over Nigeria operated the Joint Account Allocation Committee.
Singer said several local government councils were yet to open dedicated accounts with the CBN but added that there was no problem in Bayelsa as the state government and the local government councils sat at JAAC to manage the allocations.
“JAAC is still being operated all over the country and here in Bayelsa State, we have no problem. Salaries are being paid, projects are going on and the state government is assisting the local governments in the payment of teachers’ salaries,” he stated.
According to The Punch, Benue State Government was yet to comply with the Supreme Court ruling.
Despite public claims by the government that autonomy had been implemented, findings by our correspondent indicated otherwise, with several local government chairmen in the state dismissing such claims as false and misleading.
Three council chairmen, who spoke on condition of anonymity, said the administration’s declaration of local government autonomy was a mere facade.
One chairman from Benue North East expressed disappointment with the recent statement by the state ALGON chairman, Maurice Orwourgh, who claimed that local councils in the state operated autonomously.
He stated, “If autonomy truly exists, why does the state government still allocate us N10m monthly as security votes? The least LGs receive is N385m monthly from federal allocation—why do we need state subvention?”
Another chairman from Benue North West lamented that none of the 23 LGAs has executed any meaningful project since the current administration came on board.
“Not even a culvert has been constructed,” he said, describing the government’s position as lip service.
From Benue South, a chairman linked the denial of LG funds to rising insecurity.
“What can N10m do as security vote in a month? It can’t even cover fuel costs,” he said.
Former governor Samuel Ortom also criticised the incumbent Governor Hyacinth Alia for flouting the Supreme Court judgment.
In a statement issued through his media adviser, Terver Akase, Ortom questioned why the governor is still controlling council finances, despite the court’s directive.
“That none of the 23 LGAs has constructed even a single culvert shows how starved they are of their funds,” he said.
The NULGE in Nasarawa State said the 13 LGs in the state had long opened their accounts, and ready to receive direct allocation from the FG.
The chairman of NULGE in the state, Adamu Sharhabilu, however, noted that the local councils were yet to receive their allocations directly from the FG.
He said, “At the moment, there are currently no obvious plans by the Nasarawa State government to shortchange the local government workers or frustrate the LG Autonomy implementation in the state.
“I can inform you that Governor Abdullahi Sule has been expressing his commitment to work towards ensuring that local government workers get what is due to them and also enjoy all the benefits of the LG autonomy.
“However, the FG has not given the LGs a single Kobo in Nasarawa. The money has always been sent to the joint accounts. No local government has received funds directly from the Federation Account.”
The Bauchi State chapter Chairman of NULGE, Muhammad Yunusa, said despite the Supreme Court’s judgment, local governments in the state have also not been able to open bank accounts with CBN.
He explained that the union was working tirelessly to ensure the implementation of the judgment.
“The union has submitted a memorandum to the Senate and plans to do the same with the House of Representatives, all on the matter.”
Also, the Jigawa State NLC chairman, Sanusi Maigatari, said LGs in the state had been receiving their funds from federal allocation prior to the apex court order.
However, he couldn’t shed light on whether the LGs had opened bank accounts with the CBN for direct allocation reception.
Maigatari advised the state government to fill gaps necessary for enhancement of financial and administrative autonomy of LGs for state development.
On his part, the NULGE chairman in Jigawa, Abubakar Shitu, echoed similar sentiments, stating that the state had almost achieved 95 per cent LG autonomy.
“Unlike in some other places, here in Jigawa, we don’t have issues with LG financial autonomy but administrative autonomy,” he said.
He highlighted some deductions made by the state government, including two per cent contribution to Sule Lamido University and one per cent to the state Local Government Service Commission, which he clarified were duly recognised by the law of the state.
“These deductions include 2.5 per cent for the Ministry of Local Government. Despite these deductions, Jigawa State LGs seem to be functioning relatively autonomously,” he stated.
Shitu also emphasised that the problem with LG autonomy lied with the FG, citing the lack of a Certified True Copy of the Supreme Court judgment.
However, while other LGs lament the delay in implementation of the ruling, the Adamawa State Chairman, ALGON, and Chairman, Toungo LG, Suleiman Gankuba, confirmed to The PUNCH that councils received federal allocations directly from the FG.
“Governor Ahmadu Fintiri granted local governments autonomy before the Supreme Court judgment, so for us in Adamawa, councils’ autonomy is not a new issue to us,” he said.
The state’s Commissioner of Finance, Augustina Wandamiya, told The PUNCH, “Adamawa is the first state to implement local autonomy without waiting for the Supreme Court judgment because Governor Fintiri believes in the rule of law and separation of powers,” she said.
SANs fault non-implementation
Some of Nigeria’s most prominent constitutional lawyers have faulted the continued disregard for the Supreme Court’s ruling on local government autonomy, one year after the landmark judgement was delivered.
Senior Advocates of Nigeria, in separate interviews, described the non-compliance as a blatant affront to the rule of law, with some calling out both the Federal and state governments for frustrating enforcement.
Professor Mike Ozekhome (SAN) condemned what he described as a deliberate effort by state governors to circumvent and disobey the Supreme Court’s judgement.
He noted that the ruling was unambiguous in declaring that allocations from the Federation Account under Section 162 of the 1999 Constitution should no longer be routed through the State Joint Local Government Account, but paid directly to the councils.
“The judgment was clear, as clean as a whistle. It was meant to end the practice where governors deduct funds at source, starving the third tier of government of the resources needed to serve grassroots communities,” he said.
Ozekhome also pointed to the power imbalance between state governors and local government chairmen, many of whom, he argued, never truly won elections but were appointed and remain beholden to the governors.
“The story has not changed. The Supreme Court judgement is so far consigned to mere Law Reports,” he added.
Femi Falana (SAN) took aim at the Federal Government, particularly the Attorney General of the Federation, Mr Lateef Fagbemi (SAN), whom he accused of failing to enforce the very judgment he once celebrated. Falana questioned why the AGF had not invoked the provisions of the Constitution to compel compliance, especially after publicly warning that non-compliance would amount to treason.
“The Central Bank asked LGs to open accounts, and they did. Then they were told to provide two years of audited reports. But how can councils produce audit reports for periods when they never directly handled funds?” he queried.
Citing Section 287 of the Constitution, Falana maintained that judgments of the Supreme Court are binding on all persons and authorities and must be obeyed regardless of convenience or politics.
In contrast, Professor Itse Sagay (SAN) offered a nuanced view, admitting that while the judgment had good intentions, it contradicted existing constitutional provisions.
He explained that the Constitution currently recognises the State Joint Local Government Account, and until an amendment is made, direct payment to LGs may technically breach the law.
“The Supreme Court meant well, but it ignored the reality of what the Constitution provides. The Constitution has to be amended before that judgment can be fully and legitimately enforced,” he said.
Another senior lawyer, Adedayo Adedeji (SAN), described the ruling as a landmark affirmation of local government autonomy but lamented its hollow implementation.
He said that state governments remain unwilling to give up their control, both politically and financially, over local councils.
“The states are still running caretaker committees and controlling joint accounts in violation of both the Constitution and the judgment,” he stated.
Adedeji also placed part of the blame on the Federal Government, noting that it is the constitutional duty of the Attorney General to ensure enforcement.
“What we are seeing is a lack of political will by both tiers of government. Until they commit to respecting constitutional governance, this ruling will remain a legal milestone with no practical impact,” he added.
Also, Paul Obi (SAN) stated, “It’s quite unfortunate that despite the clear provisions of the constitution on this subject matter and the extant judgment of the Supreme Court on this, the governors are deliberately and intentionally kicking against the judgment and observing the directives more in breach than in conformity.
“It’s quite sad, but that’s what happens when you have politicians that are self-centered and fight only for their personal interest and not the common good. Truly sad.”
Credit: The Punch
BIG STORY
Corrupt Politicians Using Crypto Wallets To Launder Money — EFCC Chairman Olukoyede
Published
45 minutes agoon
July 11, 2025
The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has alerted the public that some corrupt Nigerian politicians are now concealing their illegal wealth in cryptocurrencies to avoid detection by anti-graft agencies.
Olukoyede explained that the EFCC had identified a rising pattern in which dishonest public officials were using cryptocurrency wallets to hide embezzled funds and carry out illicit financial transactions.
He disclosed this on Thursday during an event marking Africa Anti-Corruption Day.
The event, monitored by The PUNCH, was held concurrently in Abuja, Lagos, and Ibadan, Oyo State.
Other speakers at the gathering expressed concern that Nigerians frequently fall victim to crypto-related scams, including the CBEX fraud, which saw citizens lose more than N1.3tn.
Olukoyede stated, “Virtual asset fraud is on the rise. Our findings show that fraudulent politicians are already perfecting schemes and hiding their loot in cryptocurrencies to beat the investigative blackness of anti-corruption agencies. Stolen funds and unexplained wealth are being warehoused in wallets and payment for services are being done through this window.”
He cautioned that although virtual assets have revolutionised global financial transactions, they have also opened new channels for money laundering and economic crimes.
He said, “Technology is moving at a supersonic speed around the world. The advent of virtual assets is a response to one of the qualities of money as a store of value like it is known in our elementary economies. However, as with every progressive innovation, fraud starts to usually evolve, evolve ways of perverting their genuine purposes.”
Olukoyede noted that the EFCC was not overwhelmed by these new methods, as ongoing training and intelligence collaboration had empowered the commission to detect and pursue such activities.
“But for us in the EFCC, virtual asset fraud and investment scams are not hard nuts to crack. Proactive and broad-based training and intelligence are bringing fraudulent schemes to the fore,” he said.
At the Lagos event, Olukoyede, represented by Chief of Staff/Lagos Zonal Director, Lagos Zonal Directorate 1, C. E. Michael Nzekwe, noted that virtual assets had become powerful tools for fraudsters and corrupt officials.
He observed that crypto fraud was growing both in Nigeria and across Africa, with criminals taking advantage of the anonymity and borderless features of blockchain platforms.
He pointed out that although virtual assets were created for convenience and as a value store, some individuals had repurposed them for illegal use.
Speaking in Ibadan, where the event was held at the Jagz Hotel conference hall, Olukoyede, represented by Acting Zonal Director of the Ibadan Zonal Directorate, Hauwa Ringin, said virtual asset fraud was spreading rapidly across Africa, much like investment fraud.
In Abuja, Muhammad Abdullahi, Deputy Governor of Economic Policy, representing Central Bank of Nigeria Governor Yemi Cardoso, revealed that Nigeria had witnessed a surge in crypto transactions, raising systemic financial risks.
He said over $56bn worth of crypto transactions were recorded in Nigeria between July 2022 and June 2023.
He said, “In Nigeria, over $56bn in crypto-related transactions were recorded between July 2022 and June 2023, making the country Africa’s digital transaction leader.”
However, he warned that this expansion had negative consequences.
He cited the CBN’s 2024 Financial Stability Report, which showed a 45% increase in financial fraud, with 70% of recorded losses linked to digital platforms and unregulated virtual asset services.
“Furthermore, over 30 Ponzi-style investment schemes exploiting digital currency narratives have been flagged by the SEC and other agencies,” he said.
He warned that these trends could tarnish Nigeria’s image on the international financial scene.
“These developments pose major risks, including loss of consumer confidence, weakening of financial integrity, and reputational challenges for Nigeria in the global financial system,” he said.
Cardoso noted that the CBN and the Securities and Exchange Commission had established a joint task force to oversee the virtual asset space, with backing from the EFCC and the Nigerian Financial Intelligence Unit.
He said, “We have intensified our regulatory and supervisory responses in several critical areas. Namely, on virtual accounts, following an extensive review of the operations of virtual accounts by deposit money banks and their fintech partners, we uncovered systemic weaknesses. These include poor KYC, knowing of customer practices, and insufficient transaction monitoring. We have acted to ensure that all firms strengthen KYC processes, improve oversight of fintech partnerships, and adhere to AML-CFT obligations.”
Cardoso also said the CBN was collaborating with the EFCC to develop a National Virtual Asset Wallet to store confiscated digital assets.
He emphasised the need for public education, particularly targeting youths who are often misled by fraudulent investment platforms.
“Technology-driven financial crimes are borderless, faceless, and fast-moving. Combating them requires strong institutions and coordinated action,” he said.
In Lagos, anti-fraud expert Kaina Garba explained key concepts surrounding virtual assets.
He described cryptocurrencies and tokens as digital forms of value that could be transferred online but are different from traditional money or securities like stocks.
Garba cautioned that the growth of digital finance had led to new crimes, including Ponzi schemes disguised as crypto projects, fake coin launches, phishing of crypto wallets, and laundering funds via crypto mixers.
“Criminals now exploit virtual assets to defraud unsuspecting investors. Many disappear with people’s hard-earned money after marketing fictitious tokens or projects,” he said.
He noted that while crypto had been unregulated in Nigeria in the past, the new Investment and Securities Act 2025 had created a legal framework for oversight.
He said the EFCC had responded by enhancing cybercrime units, investing in digital forensics, and increasing local and global collaboration.
Speaking for the SEC, Divisional Head of Legal and Enforcement, John Achile, reaffirmed the agency’s responsibility under the 2025 Investment and Securities Act.
“The SEC has a dual responsibility: investor protection and market development. With digital assets now legally recognised, we are regulating this space through structured incubation programmes and licensing procedures,” Achile stated.
He said the SEC had formed a Digital Asset Division and designed two streams—accelerated and managed—for evaluating applicants’ business models before granting licences.
“We do not just issue licences. We engage prospective exchanges or service providers to understand their operations and determine compliance before approval,” he explained.
In Ibadan, during a lecture themed “Understanding Virtual Asset and Investment Fraud,” criminology professor Oludayo Tade said, “People fall victim to fraud. What can we do? We need to ensure that anything too good to be true is a red flag. It’s a red flag because you know that we are in Nigeria and you know the condition of things. You know that even if you invest in a bank, the returns cannot be 50 per cent and somebody is offering you that to happen within a week. Another thing that they do is also to use the image, the reputation of individuals and organisations to launder their fraudulent tactics. But to prevent virtual fraud, virtual assets, you need to increase and improve on awareness level. How many Nigerians are aware of it? I’m very sure that those who fell victim to CBEX would find another scheme that is coming and will still join because people are looking for opportunities.”
In a goodwill message, Oyo State Sector Commander of the Federal Road Safety Corps, Rosemary Alo, represented by DCC OPS, Olugbesan, noted that joint efforts to monitor vehicle movement, especially against unregistered, fake, or cloned number plates, had helped disrupt illicit financial flows and aided the recovery of criminal proceeds.
BIG STORY
Troops Kill 24 Terrorists In Borno, Repel Kebbi Bandits
Published
2 hours agoon
July 11, 2025
Troops of Operation Hadin Kai have killed 24 Boko Haram/ISWAP terrorists in coordinated operations across Borno and Adamawa states.
The defence operations, which spanned between July 4 and 9, featured ambushes, clearance patrols, and close air support in Platari, Komala, Kawuri, Madarari, Leno Kura, Ngoshe-Gava, Ngoshe-Ashigashiya, Amuda-Gava, Bula Marwa, and Pambula, Ngailda, Manjim, and Wulle villages.
Also, the 223 Light Battalion successfully repelled a large-scale attack by over 400 bandits on Ribah town in Kebbi State.
The swift military response in Kebbi led to the neutralisation of several bandits, recovery of weapons, and return of normalcy to affected communities.
A statement by the Acting Deputy Director, Army Public Relations Headquarters, Theatre Command Operation Hadin Kai, Capt Reuben Kovangiya, on Thursday, said the operations in Borno involved a collaboration between land and air components of OPHK, Civilian Joint Task Force and hunters.
The statement read, “In continuation of the series of coordinated offensive operations across the North East Theatre of operations, troops of Operation Hadin Kai (OPHK), bolstered by close air support from the Air Component and collaboration with Civilian Joint Task Force and hunters, have carried out successful kinetic operations against Boko Haram/ISWAP terrorists in theatre between 4 to 9 July 2025, eliminating several terrorists.
“In one of the ambushes conducted at Platari on 4 July 2025, the gallant troops, while lying in wait, made contact with JAS/ISWAP terrorists mounted on bicycles moving from the Sambisa Forest axis to the Timbuktu Triangle.
“The terrorists were immediately subdued with heavy fire, leading to the neutralization of three terrorists.”
It added that “Following intelligence on movements of the insurgents around Komala general area, troops sprang another ambush on the terrorists, neutralising another fighter.
“On exploitation of the general area, troops recovered motorcycles and spare parts, knapsack sprayers, pesticides, and terrorists’ food items.”
The statement said troops conducted a night ambush on the same day at terrorists’ hideouts around the Kawuri general area in Konduga Local Government where they came into contact with the insurgents.
“Consequently, two terrorists conveying logistics were immediately eliminated, while others fled with gunshot wounds. Troops also recovered packets of salt, food seasoning, detergents, and other sundry items,” it said.
It added, “In the same vein, troops on 5 July 2025, intercepted terrorists attempting to access the Madarari Internally Displaced Persons (IDPs) camp in Konduga Local Government Area.
“The troops swiftly engaged the insurgents, killing one terrorist, while others escaped with traces of gunshot wounds. Troops subsequently recovered several rounds of ammunition during the exploitation of the area.
“In another development, troops conducted a fighting patrol to terrorists’ enclaves at Leno Kura. Resultantly, the troops came into contact with the insurgents and engaged them with simultaneous gunfire from different directions.
“Accordingly, three terrorists met their waterloo, while troops continued to exploit the area.”
It stated that “Furthermore, on 6 July 2025, troops carried out a night ambush at a suspected terrorists’ crossing point along the roads Ngoshe-Gava, Ngoshe-Ashigashiya, as well as Amuda-Gava areas. Troops made contact, and an insurgent was neutralised while others fled.
“On 7 July 2025, troops sprang another ambush following an intelligence report close to Sabsawa village. During the operation, troops made contact with terrorists’ logistics suppliers and successfully neutralised two insurgents.
“On the exploitation of the area, the gallant troops recovered bicycles, sacks of slippers, several torchlights, batteries, detergents, salt, and rubber shoes, amongst other sundry items.”
Speaking on the July 8 operations, the statement said, “Troops in conjunction with the Civilian Joint Task Force, under close air support provided by the Air Component of OPHK, conducted clearance operations at Bula Marwa, a known ISWAP/JAS enclave.
“In the course of the operation, the troops eliminated an insurgent and recovered a gun, and terrorists’ uniforms, while their life-supporting structures were totally destroyed.
“Additionally, troops, in a joint operation with hunters and the Civilian Joint Task Force, conducted a fighting patrol at terrorists’ hideouts at Pambula village in Madagali Local Government Area of Adamawa State.
“During the patrol, contact was made with JAS/ISWAP terrorists, who were immediately engaged with a high volume of fire, forcing the terrorists to disperse in disarray.
“Consequent upon the firefight, the troops neutralised a terrorist, recovering four motorcycles and his weapon. The determined troops continued exploiting the general area to rid it of any terrorist activities.”
Also on July 8, the statement said troops, at Bula Marwa, neutralised a terrorist fighter, while others fled, adding that a gun and terrorists’ uniforms were recovered.
“On 9 July 2025, troops in joint operations with the Civilian Joint Task Force conducted a clearance operation in the JAS/ISWAP enclave at Tangalanga and Bula Marwa.
“After a heavy firefight, three insurgents were eliminated. Terrorists’ life-supporting structures in the camp were also destroyed completely. Troops recovered six AK 47 rifles, 47 magazines and ninety rounds of 7.62mm ammunition during the exploitation of the area.
“In furtherance of the offensive operations, troops in conjunction with CJTF conducted an ambush at Ngailda, Manjim and Wulle villages, where contact was made with the insurgents.
“Following the contact, troops successfully eliminated six terrorists while others fled in disarray. Items recovered by the troops during exploitation included motorcycles and bicycles,” it added.
Reuben said the killing of 24 insurgents with close air support underscored the determination, collaboration, and concerted efforts by the troops of Operation Hadin Kai to ensure terrorists were placed on the back foot, to create a conducive environment for socio-economic activities to thrive in the North East region.
The Nigerian Army’s 223 Light Battalion, Zuru, also successfully repelled a large-scale attack by over 400 armed bandits on Ribah town in Danko Wasagu Local Government Area of Kebbi State.
The daring operation, which took place on Wednesday, saw the troops respond swiftly to the invasion, as they engaged the attackers in a fierce gun duel that lasted several hours.
Eyewitnesses described the scene as a battlefield, with the superior firepower and tactics of the army ultimately forcing the bandits to retreat in disarray.
Military sources confirmed that many of the bandits were neutralised during the exchange, while others fled with injuries, abandoning a cache of weapons and ammunition.
The Director of Security at the Kebbi State Cabinet Office, Alhaji Abdulrahman Zagga, while addressing newsmen on Thursday, lauded the courage and professionalism of the soldiers.
“The troops displayed uncommon bravery. Their swift response and combat efficiency turned what could have been a major disaster into a remarkable victory,” he said.
Zagga also applauded the Nigerian Air Force for its timely intervention and aerial support, which he said inflicted heavy casualties on fleeing bandits and disrupted their escape routes.
“The situation is now fully under control. The people of Ribah can breathe a sigh of relief thanks to the coordinated efforts of our security forces,” he added.
Intelligence reports suggested the attackers were part of the same criminal syndicate responsible for recent attacks in Niger State.
In a related development, troops from the Dukku Barracks repelled another bandit assault on Mera in Augie Local Government Area.
The attackers, identified as Lakurawa bandits, attempted to rustle cattle but met stiff resistance from the Nigerian Army, which forced them to flee empty-handed.
Reacting to the successful operations, Governor Nasir Idris commended the gallantry of the security personnel and reaffirmed his administration’s unwavering commitment to strengthening security across the state.
“These victories are proof that with sustained support and collaboration, our security agencies can defeat banditry and restore peace to our communities,” the governor stated.
Just two days earlier, a joint security operation in the same Danko Wasagu axis led to the rescue of six abducted persons and the recovery of stolen livestock.
Residents of Ribah and Mera expressed relief and gratitude, calling on authorities to maintain the current tempo to prevent future attacks.
Most Popular
-
BIG STORY3 days ago
JUST IN: ASUU Suspends Strike As Federal Government Pays June Salaries
-
BIG STORY2 days ago
“JAPA”: Canada Increases Minimum Proof Of Funds To N17m For Immigrants
-
BIG STORY2 days ago
UK Introduces eVisas For Nigerian Study, Work Visa Applicants
-
BIG STORY3 days ago
“JAPA”: US Embassy Begins Screening Nigerian Students’ Social Media Accounts
-
BIG STORY4 days ago
JUST IN: Several Passengers Injured As Commercial Bus Somersaults On Lagos Third Mainland Bridge [PHOTOS]
-
BIG STORY5 days ago
UK Grants Duty-free Access To 3,000 Nigerian Products Under New Trade Scheme
-
BIG STORY23 hours ago
Tunji-Ojo Meets US Envoy Over New Visa Policy, Says FG Will Curb Overstay By Nigerians
-
BIG STORY2 days ago
LG Polls: Speaker Obasa Charges Lagos West APC Candidates To Intensify Campaigns, Assures Of The Assembly’s Support