nnpc

Opinion: A country hijacked by cabals

by Mohammed Zagga ONCE again, the House of Representatives is in the storm of another bribery scandal, coming two months after the suspension of the Committee on Capital Markets, led by Herman Hembe. In the latest scandal, the Chairman of the ad-hoc Committee on Fuel Subsidy Probe, Malam Faruk Lawan, was allegedly caught on video receiving a $620,000... Read More

boko haram, Cabal, Goodluck Jonathan, nigeria, nnpc, Oil, trouble

Opinion: How Obasanjo underdeveloped Nigeria

By Muhammad Sageer Whatever catastrophe we are going through in this country is the brainchild of ex-president, Olusegun Obasanjo. Obasanjo is the genesis of almost Nigerian problem. When Obasanjo first came to power in 1999, many Nigerians had high hopes but unfortunately we never knew he came to destroy us. We had a tyrant in democracy toga.... Read More

Bribery, extra judicial killings, nigeria, nnpc, Obasanjo, Oil, schools, World Citizen

Taking 419 to the big leagues: firms offer up to $10 million discounts on Nigerian oil

by Tolu Orekoya Nigerian scammers have spread their wings and graduated to the big leagues, invading the oil sector. In a report by Reuters, no-name firms are claiming to be in the Nigerian oil big-leagues and able to provide thousands of barrels of oil at such a deep discount the buyer could potentially save up to $10... Read More

419, bunkering, Change, Fraud, illegal, nigeria, nnpc, Oil, scam

President Jonathan sacks NNPC GMD

by Stanley Azuakola Mr. Austen Oniwon, the Group Managing Director of the Nigerian National Petroleum Organisation (NNPC) has been removed by President Goodluck Jonathan. Oniwon wasn’t the only casualty, as other top management staffs of the organisation were also sacked. They include Mr. Michael Arokodare, the outgoing Group Executive Director (Finance and Accounts), Mr. Philip... Read More

Andrew Yakubu, Austen Oniwon, Goodluck Jonathan, nnpc, sack

Opinion: Is fuel scarcity inevitable this year?

by Henry Boyo In the light of the attrition, social stress and economic losses experienced during extended periods of fuel scarcity in recent years, Nigerians would pray that such traumatic situations do not arise again. Even if all indicators pointed to imminent fuel scarcity, it is unlikely that any government official would summon the courage... Read More

Access Bank, Finance, fuel subsidy, ministry, nnpc, Okonjo-Iweala

#Danacrash: NNPC in grief, lose four senior employees in crash

The Nigeria National Petroleum Corporation (NNPC) lost four senior members of staff last Sunday in the crash of Dana Airline Flight 9J-922. NNPC staff lost in the tragedy include the Group General Manager, Group Public Affairs, Levi Ajuonuma; Manager, Pipeline and Depot Projects, Okikiolu Olukayode; Senior Contract Specialist on Secondment to Brass LNG; and the... Read More

Austin Oniwon, Levi Ajuonuma, Nagidi Ibrahim, nnpc, Okikiolu Olukayode

Update 1: Report says NNPC GM Public Affairs among casualties in crashed plane

Premium Times is reporting that the NNPC’s General Manager in charge of Public Affairs, Dr Levi Ajuonuma, was one of the casualties in the McDonnell Douglas (MD-83) aircraft operated by Dana Air, which crashed in Lagos today. The flight, arriving Lagos from Abuja, crashed with less than four minutes to landing. Dana airline has said it... Read More

#DanaCrash, Crash, Dana, FAAN, Levi Ajuonuma, NCAA, nnpc

You are “probably” quite unfair to me, Diezani Allison-Madueke on subsidy probe

by Stanley Azuakola Has the president’s call for arrests stemming from the fuel subsidy probe report caused unrest at NNPC? It appears so. At a ministerial forum in Abuja on Tuesday, Nigeria’s Minister of Petroleum Resources, Diezani Alison-Madueke, cried out in defiance against the report of the House of Representatives Ad hoc Committee on Subsidy Probe.... Read More

arrest, Committee, Diezani Allison-Madueke, nigeria fuel subsidy probe, nnpc, Petroleum Minister

Iyinoluwa Aboyeji: There is nothing new about the fuel subsidy report (YNaija FrontPage)

I can’t be held accountable, D’Evils beating me down, boo Got me running with guys, making G’s, telling lies that sound true – Jay-Z “D’evils” This week’s column will be pretty short because I have said whatever I have to say about this week’s hot topic in its entirety before and not much has changed... Read More

House of Reps, lawan, nnpc

Akintunde Oyebode: There is nothing to write (YNaija FrontPage)

I am proud of the diversity of my friends; their careers and personalities. Perhaps that’s why I was not surprised to discover a friend I erroneously thought to be a finance geek, is actually a well-disguised smuggler. Last month, he informed a few of us of a plan to visit Nigeria for a few days... Read More

angry, CBN, House of Reps, nnpc

“Totally unfounded and absurd” – NNPC attacks the subsidy probe report

by Lekan Olanrewaju The report from the just concluded fuel subsidy probe was released a few days ago. It indicted several agencies, including the Nigerian National Petroleum Commission, NNPC, for the mismanagement of N1.7 trillion. The NNPC has now responded, denying the allegations, and demanding evidence to back up the claims by the Farouk Lawan-led... Read More

house of reps subsidy probe, nnpc

Report: NNPC’s failure to remit monthly revenue causes panic – Is Nigeria Broke?

by Chi Ibe SaharaReporters has claimed to have obtained a text message allegedly sent to members of the Federation Account Allocation Committee to pay monthly proceeds to the Nigerian treasury. According to the report, NNPC’s inability to remit funds means that the committee does not have enough funds to share among the three tiers of government... Read More

Federation Account Allocation Committee, nnpc, SaharaReporters

“Working Perfectly Well”: NNPC says it has revived 3 refineries – Good news?

by Lekan Olanrewaju The Group Executive Director (GED), Refining and Petrochemical of Nigerian National Petroleum Corporation (NNPC), Philip Chukwu, in Kaduna, on Tuesday, announced that the three refineries in Warri, Port Harcourt and Kaduna have been revived and are now running. “We have seen the Kaduna refinery increase production from a very low level to what... Read More

nnpc, Petroleum, Refineries

January 28, 2012

#BBViral: House of Reps Subsidy Probe

Farouk Lawan: what is Nigeria’s daily fuel consumption? Diezieni: 52million Liters NNPC: 35m liters DPR: 43m liters PPPRA: 24M liters Okonjo: 40M liters Farouk Lawan: What was the subsidy for 2011? Diezieni: 1.4Trillion Okonjo: 1.3Trillion CBN: 1.7Trillion Farouk Lawan: Can we have the KPMG REPORT? Okonjo: I have to go through the report first Diezieni:... Read More

bb viral, diezian allison-madueke, house of reps subsidy probe, ngozi okonjo iweala, nnpc, pppra

January 23, 2012

#OccupyNigeriaReview: Move over ‘impasse’, the new Nigerian word is ‘deadlock’!

By Adebola Rayo Every time something happens in Nigeria, we add new words to our vocabulary. I’m sure we all remember “cabal”, which started while Yar’Adua lay comatose and an unknown and (at the time) untouchable cabal supposedy ran the country. The word was resurrected by Jonathan when the subsidy issue started, of course there... Read More

fuel subsidy removal, Goodluck Jonathan, ngozi okonjo iweala, nigerian labour congress, nnpc

January 4, 2012

History in Progress! Muslims & Christians in Kano come together for over 10 hours to protest #FuelSubsidyRemoval – See Photos

by Seyi Lawal Nigerians have witnessed a remarkable sense of unity of purpose, bound together by rage over the fuel subsidy removal policy of the Federal Government of Nigeria, across the country from Lokojo to Ilorin, Lagos to Ibadan. And now, in Kano, the #OccupyNigeria protest, or the #HarmattanRevolution as some have called it, is... Read More

fuel subsidy removal, Goodluck Jonathan, ngozi okonjo iweala, nigerian labour congress, nnpc

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