nnpc

Just In: Buhari meets AGF, NNPC GMD

by Azeez Adeniyi The Attorney-General of the Federation and the Minister of Justice, Abubakar Malami met with President Muhammadu Buhari at the Presidential Villa, Abuja. While speaking with State House correspondents after the meeting, Malami who is a member of the panel headed by Vice President Yemi Osinbajo said it would submit its report tomorrow. The... Read More

Babachir Lawal, Maikanti Baru, NIA, nnpc, President Muhammadu Buhari, senate

NNPC reduces importation of petrol by 45%

by Azeez Adeniyi The Nigerian National Petroleum Corporation (NNPC) has reduced its importation petroleum from about 95 per cent to 50 per cent. The Minister of State for Petroleum Resources, Ibe Kachikwu said this in a podcast message posted on his Facebook page on Saturday. Kachikwu said the reduction has led to massive investments in... Read More

45%, Ibe Kachikwu, importation, nnpc, petrol

The YNaija Tracklist: Troops kill 21 Boko Haram fighters, rescue 1623 captives | Osborne Towers: EFCC invites ex-governor, others | More stories

From the papers this morning – a Tracklist. Malabu oil deal: Compel Jonathan’s appearance if necessary, MEND tells Reps – YNaija Buhari’s committee already working to resolve executive-legislature rift – Presidency – YNaija Accidental bombing of Rann IDPs was due to communication gap – NAF – YNaija Buhari’s committee already working to resolve executive-legislature rift... Read More

appear, Goodluck Jonathan, House of Repa, Malabu deal, nnpc, non-remittance, Rann bombing, The YNaija Tracklist

How NNPC failed to remit $81.2bn in four years – Reps

by Azeez Adeniyi The House of Representatives has alleged that the Nigerian National Petroleum Corporation (NNPC) did not remit $81.2bn from crude oil sales to the Federation Account in four years. An ad hoc committee investigating the alleged export of $17bn worth of undeclared crude oil and gas resources had uncovered the non-remittance. The committee’s... Read More

$82.1bn, Federation Account, House of Representatives, nnpc, remit

Missing oil: You need to go beyond sacking your officials, Senate tells NNPC

The Senate has urged the Nigerian National Petroleum Commission (NNPC) to go beyond sacking its officials and restructure its operations. The oil firm had last week announced the sack of some members of staff over missing oil. In a statement by Aliyu Sabi Abdullahi, its spokesman, the senate asked NNPC to do more. [Read Also: NNPC... Read More

Missing oil, nnpc, Resttucture, sacking, senate

EFCC

The Late 5: These are the stories that drove conversations today

These are the top five stories that drove conversations today. EX-PDP CHAIR, ADAMU MUAZU REPORTEDLY OWNS HOUSE WHERE EFCC DISCOVERED OVER $50M 16 Osborne Towers, Ikoyi, Lagos, a residential apartment where operatives of the Economic Financial Crime and Commission (EFCC), recovered a humongous amount of money reportedly belongs to a former National Chairman of the... Read More

#BBOG, $50m, Adamu Mu'azu, Chibok girls, EFCC, nnpc, The Late 5

NNPC confirms sack of officials linked with missing 130m litres of fuel

by Azeez Adeniyi The Nigerian National Petroleum Corporation (NNPC) on Thursday confirmed the sack of officials involved in missing 130 million liters of petrol. According to the News Agency of Nigeria (NAN), a source made the confirmation on Thursday. The officials were linked to the missing petrol stored at private depots through a thoroughput arrangement.... Read More

130m litres of peteol, disengagement, nnpc, replacement, sack

I am not the owner of $50m discovered by EFCC – Ex-NNPC MD

by Azeez Adeniyi Former Managing Director, Operations at the Nigerian National Petroleum Corporation (NNPC), Esther Nnamdi-Ogbue has denied ownership of huge sum of money discovered by the Economic and Financial Crimes Commission (EFCC) at an Ikoyi apartment on Wednesday. There had been reports that the $38m, N23m, and £27,000 discovered by the agency belonged to... Read More

$50m, EFCC, Ikoyi apartment, MD, nnpc, owner

No plans to increase fuel price – NNPC

by Dolapo Adelana The Nigerian National Petroleum Corporation (NNPC) has said there are no plans to increase the pump price of petrol. The corporation made the clarification in a statement by Mr Ndu Ughamadu, its Group General Manager, Group Public Affairs Division. He explained that the recent increase in bridging allowance to transporters from N6.20... Read More

Fuel, Fuel Price, N145/litre, nnpc, No increase, pppra

No plan to increase fuel price, NNPC tells Nigerians

by Azeez Adeniyi The Nigerian National Petroleum Commission (NNPC) on Tuesday debunked reports that the Federal Government was planning to increase price of petroleum. There had been insinuations that the increase in the bridging allowance to transporters from N6.20 to N7.20 would lead to an increase in fuel price. But in a statement by the... Read More

bridging allowance, FG, fueo price, increase, nnpc, strike

Petroleum tanker drivers suspend nationwide strike

Petroleum tanker drivers on Monday suspended its strike following the decision of the federal government to increase payment to marketers. A meeting between the NNPC and representatives of the union held at the headquarters of NNPC in Abuja on Monday. General Managing Director of the Nigerian National Petroleum Corporation(NNPC), Maikanti Baru said bridging allowance was... Read More

nnpc, NUPENV, strike, suspend, Tanker drivers

Army destroys illegal refinery, arrests two persons in Edo

The Nigerian Army 4 Brigade command has arrested two suspected illegal refinery operators in Uhunmwode Local Government Area of Edo State. The Brigade Commander, Brigadier-General Ibrahim Garba, who led the team said one of those arrested was a lady who had gone to the illegal refinery to buy diesel. He said the operators were scooping... Read More

army, arrests two, illegal refinery, nnpc, pipeline

The YNaija Tracklist: Buhari will win if he runs for president again – Femi Adesina | Tanker drivers strike will hold as planned – NUPENG | More stories

From the papers this morning – a Tracklist. Buhari will win if he runs for president again – Femi Adesina – YNaija Nigerian-born singer, Mo Adeniran wins The Voice UK 2017 against all odds – YNaija Tanker drivers strike will hold as planned – NUPENG – YNaija Biafra: South-East governors to meet with FG over... Read More

Featured, The News Blog

Femi Adesina, IPOB, Mo Adeniran, Nnamdi Kanu, nnpc, NUPENG, President Muhammadu Buhari, strike, The Voice UK, The YNaija Tracklist

Tanker drivers strike will hold as planned – NUPENG

by Dolapo Adelana The Nigeria Union of Petroleum and Natural Gas Workers has said the planned indefinite strike by the Petroleum Tanker Drivers arm of the union will commence as scheduled today (Monday). The Chairman, NUPENG, South-West Zone, Alhaji Tokunbo Korodo, told The Punch that, “The strike will hold on Monday. We have not received any positive... Read More

NARTO, nnpc, NUPENG, PTD, strike, Tanker drivers

The Big 5: These are the stories you should be monitoring today

These are the top five stories you should monitor today. Why it is difficult to trace and recover stolen monies – Osinbajo Vice President Yemi Osinbajo on Thursday said most African countries find it difficult to trace and recover stolen money. Osinbajo said this in his remarks at the anti-corruption and integrity forum of the... Read More

2016 budget, BukolaSaraki, DSS, Ifeanyi Ubah, nnpc, President Muhammadu Buhari, The Big 5

The YNaija Tracklist: NNPC N11bn debt: DSS quizzes Ifeanyi Ubah | Senate embraces Buhari’s peace moves | More stories

From the papers this morning – a Tracklist. Why it is difficult to trace and recover stolen monies – Osinbajo – YNaija NNPC N11bn debt: DSS quizzes Ifeanyi Ubah – YNaija Senate embraces Buhari’s peace moves – YNaija 2017 appropriation bill: FG extends tenure of 2016 budget – YNaija ‘EFCC invites more CBN officials over... Read More

2016 budget, Brexit, Bukola Saraki, DSS, Gernot Rohr, Ifeanyi Ubah, IMF, nnpc, Presidemt Muhammadu, The YNaija Tracklist, Yakubu Dogara

NNPC N11bn debt: DSS quizzes Ifeanyi Ubah

by Azeez Adeniyi The Department of State Services (DSS) on Thursday quizzed the Group Managing Director of Capital Oil and Gas Limited, Ifeanyi Ubah, over an allegation by the Nigerian National Petroleum Corporation that its N11bn worth of Premium Motor Spirit stored in Ubah’s firm’s facility was missing. The NNPC had written the DSS and... Read More

Capital Oil, Ifeanyi Ubah, N11bn debt, nnpc, quiz

Adulterated petroleum products in circulation, NNPC warns Nigerians

The Nigerian National Petroleum Corporation (NNPC) has warned Nigerians on the circulation of adulterated petroleum products which can cause destruction. The NNPC Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, issued the warning on Thursday. Ughamadu said the warning became necessary so as to forestall explosions, knockdown of engines, and threat to life. [Read Also:] FG... Read More

Adulterated petroleum products, DPR, Ndu Ughamadu, nnpc, public

Court strikes out Andrew Yakubu’s N1bn suit against EFCC, AGF

by Dolapo Adelana Justice Ahmed Mohammed of a Federal High Court sitting in Abuja has struck out a N1bn fundamental rights enforcement suit filed by former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu. The former GMD had sued the Economic and Financial Crimes Commission (EFCC) and the Attorney General of... Read More

Andrew Yakubu, EFCC, Lawsuit, N1bn, N3bn, nnpc

Under-delivered crude oil: Aiteo pays $202m – NNPC

by Azeez Adeniyi The Nigerian National Petroleum Corporation (NNPC) has said it has reached a final settlement with Aiteo Group over crude swap under-deliveries. In a statement by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, NNPC said Aiteo Group had paid in full all its outstanding indebtedness to the NNPC downstream entities... Read More

$202m, Aiteo Group, nnpc, Under-delivered crude

Court grants ex-NNPC GMD, Yakubu N300m bail

A Federal High Court in Abuja has granted a N300m bail to a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu. The EFCC had arrested and detained Yakubu after $9.8m and £74,000 was discovered in his house in Kaduna. He was arraigned on a 6-count charge filed by the Economic... Read More

Andrew Yakubu, bail, court, N300m, nnpc

NNPC targets 4000Mw electricity generation in 10 years

The Nigerian National Petroleum Corporation (NNPC) has said it plans to generate about 4, 000 megawatts (Mw) of electricity over the next 10 years. NNPC Chief Operating Officer (COO), Gas and Power, Engr. Saidu Mohammed said this at the 2017 retreat of the Autonomous Business Unit (ABU), Gas and Power, in Kaduna on Monday. He... Read More

10 years, 4000Mw, Electricity, nnpc

NNPC set to recover missing 130m litres of fuel from Capital Oil

The Nigerian National Petroleum Corporation (NNPC) on Friday said it would recover over 130 million litres of premium motor spirit (PMS) worth N11 billion from Capital Oil & Gas Limited. NNPC chief operating officer, Henry Ikem-Obih disclosed this while speaking with journalists in Abuja. He said the infraction was discovered earlier in the year when... Read More

130m litres, Capital Oil, Fuel, nnpc, recover

Court remands ex-NNPC GMD, Yakubu in prison

by Dolapo Adelana A Federal High Court in Abuja has remanded ‎a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, in Kuje Prison pending when ruling on his bail application would be delivered on March 21. Yakubu was arraigned before Justice Ahmed Mohammed by the Economic and Financial Crimes... Read More

Andrew Yakubu, EFCC, GMD, Kuje Prison, nnpc

Just In: EFCC arraigns ex-NNPC GMD, Andrew Yakubu (PHOTOS)

by Dolapo Adelana The Economic and Financial Crimes Commission (EFCC) has arraigned a former Group Managaing Director of the Nigerian Nigerian National Petroleum Corporatio, Andrew Yakubu before Justice Ahmed Mohammed of a Federal High Court in Abuja. On February 3, operatives of the agency recovered the sum of $9.8m and £74,000 stashed in a huge fireproof safe... Read More

$9.8m, Andrew Yakubu, EFCC, nnpc

$9.8m: EFCC to arraign ex-NNPC MD, Yakubu on Thursday

by Dolapo Adelana The Economic and Financial Crimes Commission (EFCC) will on Thursday arraign a former Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Andrew Yakubu, before a Federal High Court in Abuja. On March 10, the anti-graft agency filed six charges bordering on fraud and false declaration of assets against Yakubu. On... Read More

$9.8m, Andrew Yakubu, EFCC, Justice Ahmed Mohammed, nnpc

‘NNPC yet to remit $15.8bn to FG account’

by Azeez Adeniyi The Nigeria Extractive Industries Transparency Initiative has said despite its report, the Nigerian National Petroleum Corporation is yet to remit $15.8bn collected from Nigeria Liquefied Natural Gas to the Federation account. Director Legal, NEITI, Peter Ogbobine, said in Abuja on Tuesday that the figure was the accumulation from 2000 to 2014. He... Read More

$15.8bn, Federal Government, Federation Account, NEITI, nnpc

$9.8m: FG slams 9-count charge against Ex-NNPC boss, Andrew Yakubu

by Azeez Adeniyi The Federal Government, on Friday slammed nine-count money laundering charge against former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu. Operatives of the Economic and Financial Crimes Commission, EFCC, recovered $9.8m and £74,000 from Yakubu’s guest house situated at Sabon Tasha, Kaduna State. EFCC said it had discovered... Read More

$9.8m, Andrew Yakubu, FG, Nine count charge, nnpc, suit

$9.8 million: Andrew Yakubu slams N1bn suit against EFCC

Former Group Managing Director of NNPC, Andrew Yakubu has sued the EFCC for N1bn as damages and compensation for violation‎ of his right. Counsel to Yakubu, Adeola Adedipe told the Federal High Court in Abuja that the matter was brought pursuant to Order 8 Rule 4 of the Fundamental Rights Enforcement Procedure Rules. Yakubu also... Read More

$9.8 million, Andrew Yakubu, EFCC, N1bn suit, nnpc

Senate to probe NNPC, marketers over subsidy funds

by Azeez Adeniyi The Senate said it has decided to probe the Nigerian National Petroleum Corporation (NNPC) and independent marketers over alleged subsidy fraud. Chairman, Senate Committee on Petroleum Downstream, Sen. Kabiru Marafa, said this on Sunday while briefing journalists in Abuja. Marafa said the NNPC has not given a convincing explanation for N5.2tn spent... Read More

independent marketers, nnpc, PROBE, senate, Subsidy funds

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