Archived edition · 21:32 Lagos
Wednesday 21 October
- New articles analysed in today’s runs
- 34
- High-risk articles today
- 1
- Board appointments today
- 1
- Contract awards today
- 4
Key Developments
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Regulatory Conflict in Oil & Gas
The Senate has rejected petrol import figures provided by the NMDPRA and summoned both NNPCL and NEITI to clarify discrepancies in fuel accounting ([Punch Newspapers](https://news.google.com/rss/articles/CBMijgFBVV95cUxOSHVTQ19XbGVLY0xmNU9IeE9oT3lyQldRblhkZHNvQzhKQmRzV2hIdXBKSmx4bEoyT0hJOTBOQkpteUVjTGR1dURuY0J5XzRiZjVxVk9ld3BYYzV6TDVhZ2N1VEJaV2F3RlNUMmdYbFR5RDZDQUZRNm1DNjk3THlLVjZ3T2FfMG11MDZURFhR)).
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Corporate Legal Precedent
The Court of Appeal nullified specific provisions of the Companies and Allied Matters Act (CAMA), a move expected to facilitate human rights litigation against corporate entities ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi7AFBVV95cUxQV1RNa3RjRDNwaGlnUllscEtrTmlKdzBZNTBtZl9lTXh6NzVxZUk1dzhpSXpyTHhLVUdVT2E4XzRIS2hYM2ptUjZTV3U0S2FZbVZUeDRDM3YzOFZtYkZ1TC1tY0pVdWNoQU5VSmdYNW1qR0gxQXB1SGZTd1VsUzBmdnBHTEZpMXRfRFNSOFozbT0JLTRpcE9KaWpuOURsMGpVQVkweDNPVjhlNkMtU201UG1TODNGYTh3SjcwX0JmTzRXV0lfZ3VLbkdodjF6UndjOER5TnJaZmY4azdPckZmS1lZRVlnVGw5aGNOVw)).
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Transparency Mandate
The Federal Government has ordered all MDAs to publish audited accounts by Q1 2027 to improve public accountability ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPSGV5VjAwQy1MOWpXRDFfQ0FQN1FMV2k0bnp5dXpUZW9FcHRCQXRkSG00QlMyOUNhN2FRWExtb1Etb1RWTUN3WEZidzhEd0ZDc0x1MnBjS0tYYnZXVmhFZTREZHVMR2cwVmREYkNjM2Z2dFprRmdBQmpQQ2tXZDdsbS1FSTlibkR2)).
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OCTAGRAM, ONDIPA sign agreement for 9m scfd CNG facility
Octagram and ONDIPA have signed an agreement for the development of a 9 million standard cubic feet per day (scfd) Compressed Natural Gas (CNG) facility.
The Guardian Nigeria News -
Other Activity
State police bills were passed in Ekiti and Taraba, and FAAN resolved a long-term dispute with Bi-Courtney regarding the MMA2 terminal ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMirgFBVV95cUxNNTVVTTdMZGF4aDB0ZUptN2F4ZDB1NmNFT2JvZktLaVFnV1JfS1h1ZjZCMEEwQTBSZm40Y0pfZ2pxTjZDN2hhX3ZOVDRtT0MySDhZZnN5RTh4ZzlXWE91OVU5alF4TU1KYV9SWGtNN0dsSVFVel9fNUo2RzhNOEdwREdMRXA2aWVWTWc4c29ON0M3UVpMR2dyOHY0RWExV2xaQ3ZDZ2h3Y0FXUWhPLVE), [The Guardian Nigeria News](https://news.google.com/rss/articles/CBMinAFBVV95cUxOWGgta2dCV2p6QmlaTEU5blM4MlhXMVEwZk9Uc2xRVW16TEdMSWJfb05JQktwX3dSZjB2czhJWDdKcmpnc0lXcDJHOUdBenNoRjN2LU95bk1ZWlRjMmZXLWRLWDlNczcwWFg1d244T2xWZkhmUnMyY0pBd2J0N3ZsTU0xZEhycDBkZHNnajBoS1ZwWkY1OHJsOUVFWk0)).
High Risk Alerts
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Alleged Large-Scale Fraud
Legal proceedings are ongoing regarding a N27 billion fraud case involving former Governor Ishaku ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi7AFBVV95cUxPY3Z5dng2Z1dYYU5jc2poelVueXl4U2hGeElOeHptS0pERFZ4TFZJZGp3c3FJX0pQWTQ3MHAxWm43bUYwTWJWekhrQUtHSDBnNjRacEJ6V3czWWZZbnZQemh2MEFhaGZ4S1ViOUpPMkNBcFcxY0FBNUVwbFZVZjRJQkd4VXU0cTliang2VXZseGt6aXVCYTM3bERKbmdzVVRSekktVWVEZDRVelAzTzd4aDNyUV84dVFCR3V3ZzVybDhxX29Kb1g1SERjMTQ0MW9oMGF5RFV2c2twYlFRaF9XejByLTROMy1NSFlVNg)).
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Regulatory Fraud
NAFDAC raided a Lagos factory for using a cough syrup registration number to produce bitters ([Punch Newspapers](https://news.google.com/rss/articles/CBMipAFBVV95cUxQQ3pmS1c1ZjJPdXhsUHRBdTFwdE9pbl9SR29LT2FyRFdBQUNKM2c5Y0xDVkthVkRjWkt4UEhCMTJxd2FPV1lJanRVSmROUGZqdHpJT2lUMkNKeWxqSWdOOUkxUi1qYkBRM3prSVdYMWhOZ3Rhak5Ka2F6b3VpYUdBQVJjeW1heWhLaDV6SHgzWktZZjVYNEhKZF9tRWFYX1pMLTNHWg)).
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Public Fund Risks
89 CSOs are warning that non-disclosure of Nigeria's investment treaty reviews poses a significant risk to public funds ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi9AFBVV95cUxQOXI0a2J1TXdUdnFKOTM2c091QUpOTDEtb3g5T01rNHpQSzlrNE1qX0Frb1Z6Y19vcml4SDhVX_a6e5rJ6LUCKgR5QDgKIFfofTmVQQ_h5Arbdho_qqA_eNO_kUd4scewhN5Tkx_uchbpD6mzNVFpqgE3fEedzDNVlm3ckRy-DXffgUuVB_VEUYIRDK_Y4nZvZzkajUptc4XGYr0eT5OG_wxSwI8wMihmw9YdT_xp1iI0OyevfH73_L0t64nE3g)).
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Contract Fraud
The EFCC has arraigned four individuals for an alleged N44 million contract fraud in Maiduguri ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQYi1GMENpQlAyeTBXYjBROVBvdE5pRHVjWXFlM0hJY0txckhqOENZalhuUUozMVk5REdjajBWRTIyTFpDTlZSWV83QVhPWlBzbWxKdHdmZk91UUU0d2NWRlN3SGJsWUp5MHNqMlM3RVFGb3d2dGlsOXpreGs3eWhqS1c1QUJmYmRfeDhLYWthQWotSkJnTWlIaWEyX0U5NHluS0Z3Qk9yNHROXzFzeHZaemp1bUhmb0FQbUhR)).
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Governance Concerns
The Governor of Kano State has renominated a commissioner who was previously forced to resign for bailing a drug suspect ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi0wFBVV95cUxPbmZWOTRZOG10cURyRnVwWlEzVFpXb0drR2lVUFBXM2V4a2VVNl96eDFoaHFCdGJGcGZQUS1tcHZDNGMta190bFYtOG9RMVRZUnhpTWRNT1dobDYzZi1vV1YzMUdMM1paeG5WR1pmdndUTUc0c2RtSmZhR2MzOGhzc2VIcHduTDlaV0hXLV9BUzZkM2ZQeHNNc3AwWmdIX0kzTmhsZFcxZXZJYUpIaEFoVFU3T1lqZjQ5X19mVVRYVm5TWHA2ekFEYmw5b1lsQnFwRVJB)).
Beneficial Ownership & PSC Disclosures
No persons with significant control were identified in the provided data.
Procurement & Board Changes
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Infrastructure Projects
Governor Otti flagged off the reconstruction of two key roads in Aba, Abia State ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi0wFBVV95cUxOQUtXd2dXZXBKSlp5SnI3WFdwNC1GenRkQTZqdHlGWUpJRk1SYlB0bU95bEZVWUlHNUhMZ3B2Qk52TEZyUmk2SVprSFdUYWt1aVlJVmE4eWdzbXFyMzZpdW1OcHl1TG1QeDZ4TkNtTzctWVNpRm43enVuQzZ0bG1fZG5jdjQ3N1RBMkd6bjY5bnl6TDBwdEVvNWhtUWNMelk5N0lCbDBZQlp1OGtHSmNJTjNQUEpSQmVrT2szOGxhT0t2OWdsc3pkR010VUVQaXNObWNV)).
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FG seeks N20bn to tackle climate change in North West
The Federal Government of Nigeria is seeking N20 billion to address climate change issues in the North West region.
businessday -
Corporate Leadership
The Lagos State Butchers Association unveiled new executive leadership under Ismaila Babalola ([Premium Times Nigeria](https://news.google.com/rss/articles/CBMi1wFBVV95cUxPTFVHdmZJUHhwVEdQbVV2SWlnb0dwcWRRWllwWDFUMVJ2M3VTcDVocmhoMWl5clFOa1hZa1FUVWxDQ21sRXhBbWJQVEg2WlVjYU8wWkNveEVvV3o1OFkyV2tiemt0eElDT1BBVXBlVGRHMHFlZy1KakZjZTNJc2wyT3hscFhGcTJtMGl2ZURsbXVjYlZ4UnNxcXlnNEpUQWx5VU1ReTVmZDM3eFU0RWFXZFM3eWhLX3oxUVZMN09IV3ZPSjRxS3d6U1AtNVZGdW9USGxwS0FOYw)).
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Other Developments
NUPRC has given 22 oil block awardees 18 months to achieve first oil production ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMipgFBVV95cUxOZXI5ZnFsSDJoWVd2MGVtdzZFQ1ZzZUs3XzZkbU5TRG5EdEl5UTk5SjVkWm5iM2puV1o4T29WNFRGc19mRkJuaTlfNFF3M2RTUUJWZzY0TUZhQnNwZGo2d3lkRHZyYUpGU1dOM3RvOGYzcDJObnFTLU1oWG1IZ0FONlFobkhqZGtBMHNLRVk3bkZKTHRxVkxFcVhhWTJLWEZhQjZJUWZ3)).