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Newspaper Headlines: NNPC, governors clash over alleged $42bn oil revenue shortfall

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
December 10, 2025 7:00 am

Reports on the exit of Siminalayi Fubara, governor of Rivers, and his Osun counterpart, Ademola Adeleke, from the Peoples Democratic Party (PDP), perfuse the frontpages today.

The Punch reports a clash between the Nigerian National Petroleum Company Limited (NNPC) and Periscope Consulting, the audit firm hired by the Nigeria Governors’ Forum (NGF) to examine an alleged under remittance of oil revenue totalling $42.37 billion (about N12.91 trillion) to the federation account between 2011 and 2017. The newspaper says the Economic and Financial Crimes Commission (EFCC) has detained Abubakar Malami, a former attorney-general of the federation, after he failed to meet bail conditions.
The Nation reports that Siminalayi Fubara, governor of Rivers, defected to the All Progressives Congress (APC) from the PDP; while Ademola Adeleke, governor of Osun, has joined the Accord party. The newspaper says Lateef Fagbemi, attorney-general of the federation, said the federal government secured 860 convictions in terrorism-related cases in seven years.
Daily Trust reports that praises and condemnations have trailed the deployment of troops in Benin Republic by Nigeria. The newspaper says fresh protests have erupted in Numan LGA, Adamawa state, over allegations that Nigerian army personnel killed women during operations to restore order in nearby Lamurde LGA.
Vanguard reports that Nigeria and the Sahel states have differed over the forced landing of a Nigerian military aircraft. The newspaper says the federal government has limited bidders of its 50 oil blocks located in the onshore, shallow water, and deep offshore areas to a maximum of two blocks.
Nigerian Tribune reports that the senate has approved Tinubu’s request to deploy troops in Benin Republic. The newspaper says Nigeria and the Kingdom of Saudi Arabia have signed a new five-year Memorandum of Understanding (MoU) aimed at strengthening defence and military collaboration between both countries.
The Guardian reports that Nigeria should brace for more shortage of medical doctors as Canada is set to introduce a new policy to help foreign doctors working in the country transition to permanent residency status. The newspaper says the indigenous Tiv communities of Ikyaior and Jandeikyula in Wukari LGA of Taraba have filed a N100 billion suit against the state government, Agbu Kefas, governor of the state; attorney-general of the state, Taraba State Geographic Information Service (TSGIS), and the Nigerian Army over the alleged forceful seizure and destruction of their ancestral lands and farmlands.
THISDAY reports that the NNPC has revealed that its subsidiary, NNPC Exploration and Production Limited (NEPL), recorded its highest oil production of 355,000 barrels per day, the first in 36 years. The newspaper says Vice-President Kashim Shettima said Nigeria’s education budget rose from N1.54 trillion to N3.52 trillion in 2025. 

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