nnpc

Fuel scarcity looms in Southwest

by Dolapo Adelana The Independent Petroleum Marketers Association of Nigeria (IPMAN), says of the Nigerian National Petroleum Corporation (NNPC) may lead to fuel scarcity in six states. The association also urged the presidency, National Assembly and petroleum resources minister to stop the NNPC from collecting unwarranted levies from its members “to ensure industrial harmony and save... Read More

fuel scarcity, IPMAN, national assembly, nnpc, ppmc

The Big 10: These are the stories that drove conversations this week

These are the top 10 stories that drove conversations this week. Obasanjo said his generation may have failed Nigerians Former President Olusegun Obasanjo has said his generation may have failed Nigerians. While speaking at an event, Obasanjo said the present generation of leaders lack the capacity to move the country forward. Obasanjo identified bad leadership as... Read More

Andrew Yakubu, central bank of Nigeria, Chirf Justice of Nigeria, Militants, naira, Nasir el-Rufai, Nnamdi Kanu, nnpc, olusegun obasanjo, Oscars 2017, senate, south africa, Southern Kaduna, The Big 10, Walter Onnoghen, Xenophobia

BREAKING: Ex-NNPC GMD, Andrew Yakubu sues EFCC over seized $9.8m

by Azeez Adeniyi Former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu has sued the Economic and Financial Crimes Commission (EFCC). Recall that the EFCC had discovered $9.8 million and 74,000 pounds in a safe hidden in a building in Kaduna owned by Yakubu. Justice Zainab Bage Abubakar of the federal... Read More

$9.8 million, 74000 pounds, Andrew Yakubu, EFCC, forfeiture order, nnpc

Power outage forces NNPC to shut down Warri refinery

The Nigeria National Petroleum Corporation (NNPC) has shut down the 125,000 barrel per day (bpd) Warri refinery over power outage. NNPC’s chief operating officer (COO) in charge of refineries, Anibor Kragha confirmed the shutdown of the plant in an interview with newsmen at an oil conference in Abuja. Kragha said gas turbine generators that supply... Read More

nnpc, power outage, shut down, warri refinery

Buhari approves private investments in refineries

by Azeez Adeniyi President Muhammadu Buhari has approved the implementation of a new model which will allow private investors to invest in the country’s refineries. Chief Operating Officer for Refineries, Nigerian National Petroleum Commission (NNPC) Anibor Kragha, disclosed this during a plenary at the ongoing Nigeria Oil and Gas Conference in Abuja on Wednesday. Kragha... Read More

investments, nnpc, President Muhammadu Buhari, Refineries, returns

Senate to probe NNPC

by Dolapo Adelana The senate has ordered a fresh probe into the affairs of the Nigerian National Petroleum Corporation (NNPC). The senate, which made the resolution at plenary on Wednesday mandated its committee on the downstream sector to investigate the corporation’s non-remittance of funds into the Federation Account. The resolution followed a motion by the... Read More

dino melaye, Federation Account, nnpc, Non-remittance of funds, PROBE, senate

The YNaija Tracklist: I have no plan to contest against Buhari in 2019 – Tinubu | Reps clash over Buhari’s health status, summon IG, CPs | More stories

From the papers this morning – a Tracklist. I have no plan to contest against Buhari in 2019 – Tinubu – YNaija Civil servants enriching themselves is a monumental tragedy – Osinbajo – YNaija FG will enforce patronage of Made-in-Nigeria products – Minister – YNaija NAFDAC arrests syndicate involved in documents, certificates forgery – YNaija... Read More

bola tinubu, donald trump, DSS, nafdac, nnpc, PDP secretariat, President Muhammadu Buhari, senate, subsidy fraud, The YNaija Tracklist

malabu

February 28, 2017

$49bn was not missing from NNPC account during my tenure – Jonathan

by Azeez Adeniyi Former President Goodluck Jonathan has denied claims by Minister of Transportation, Rotimi Amaechi that $49 billion got missing from the Nigerian National Petroleum Corporation account. Amaechi had also said the non-remittance of the same amount into the federation account led to the recession. But in a statement by one of his aides, Reno... Read More

$49bn, Goodluck Jonathan, missing, nnpc, recession, Rotimi Amaechi

February 21, 2017

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

These are the top five stories you should monitor today. Xenophobia: South Africans issue fresh threats to Nigerians The Nigerian community in South Africa on Monday said some of its members have been receiving fresh threats from the locals in the country. 2. FG summons South African envoy over renewed xenophobic attacks The Federal Government on... Read More

CBN, gunmen, money laundering, nnpc, PDP, south africa, The Big 5

February 21, 2017

The YNaija Tracklist: ‘Gunmen abduct army lieutenant in Lagos’ | Rawlings backs Buhari’s anti-corruption fight | More stories

From the papers this morning – a Tracklist. Xenophobia: South Africans issue fresh threats to Nigerians – YNaija ‘Gunmen abduct army lieutenant in Lagos’ – YNaija FG summons South African envoy over renewed xenophobic attacks – YNaija Probe CBN, NNPC officials for money laundering, Senate tells EFCC – YNaija PDP crisis: Sheriff meets Jonathan, Makarfi... Read More

anti-corruption, CBN, Donald Trump. Xenophobia, FG, nnpc, south africa, The YNaija Tracklist

February 21, 2017

Probe CBN, NNPC officials for money laundering, Senate tells EFCC

by Azeez Adeniyi The Senate on Monday urged the Economic and Financial Crimes Commission (EFCC) to probe Central Bank of Nigeria and Nigerian National Petroleum Corporation (NNPC) officials over alleged laundering of foreign exchange. Members of the Senate Committee on Anti-Corruption and Financial Crimes said this when the Acting Chairman, EFCC, Ibrahim Magu appeared before... Read More

CBN, money launderinf, nnpc, officals, PROBE

February 20, 2017

Yakubu asks court to set aside forfeiture order on seized $9.8m

by Dolapo Adelana A former Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Andrew Yakubu, has asked the Federal High Court sitting in Kano to set aside the ex parte order of interim forfeiture on the $9,772,000 and £74,000 recovered from him. Justice Zainab B. Abubakar of the Federal High Court, Kano on... Read More

8m, 9, Ahmed Raji, Andrew Yakubu, EFCC, Interim forfeiture order, Justice Zainab B. Abubakar, nnpc

February 19, 2017

‘Seized $9.8m was meant to fund Yakubu’s 2019 governorship ambition’

by Dolapo Adelana Speculations are rife that the $9.8m cash seized from the former Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, was being kept for the purpose of funding his 2019 political ambition, The Sun reports. According to reports Yakubu was already making moves with the founders of the yet-to-be... Read More

Andrew Yakubu, EFCC, nnpc, Political ambition, Politics

February 17, 2017

NNPC recorded N197.5bn loss in 2016 operations

by Azeez Adeniyi The Nigerian National Petroleum Corporation (NNPC) lost N197.49bn at the end of the 2016 financial year. This was in a report the corporation released on its website on Thursday. The report revealed that the corporation had a revenue of N1.726tn and an expense of N1.923tn last year. According to the report, the... Read More

Militants, N197.5bn loss in 2016, Niger Delta, nnpc, pipeline sabotage

February 16, 2017

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

These are the top five stories that drove conversations today. 1. Just In: Court orders permanent forfeiture of N34bn linked to Diezani A judge of the Federal High Court in Lagos, Justice Muslim Hassan has ordered the permanent forfeiture of the sum of N23.4 billion, N9.08 billion, and $5 million (about N34 billion in total) which... Read More

Diezani Alison Maduekwe, EFCC, Godswill Akpabio, N34bn, nnpc, The Late 5, tonto dikeh

February 16, 2017

Just In: Court orders permanent forfeiture of N34bn linked to Diezani

by Dolapo Adelana A judge of the Federal High Court in Lagos, Justice Muslim Hassan has ordered the permanent forfeiture of the sum of N23.4 billion, N9.08 billion, and $5 million (about N34 billion in total) which was said to have been diverted from the coffers of the Nigerian National‎ Petroleum Corporation by a former... Read More

$153m, Diezani's Allison-Madueke, EFCC, Justice Muslim Hassan, nnpc, Permanent Forfeiture

Olusegun Adeniyi YNaija

February 16, 2017

Olusegun Adeniyi: What are friends for?

by Olusegun Adeniyi If the former First Lady, Dame Patience Jonathan claims the billions of Naira found in her bank accounts were gifts from friends and former Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Mr. Andrew Yakubu also says the $9.77 million found in his house were gifts from friends, it’s... Read More

Aig-Imoukhuede, Andrew Yakubu, Babachir Lawal, corruption, EFCC, nigeria, nnpc, Olusegun Adeniyi, opinion

February 15, 2017

Opinion: How Nigeria can end fuel importation by 2019

by Jide Ojo On February 7, 2017, Mr Ibe Kachikwu, the Minister of State for Petroleum Resources said Nigeria will stop importing refined petroleum products by 2019. He made the disclosure at a public hearing on the review of petroleum pricing template for Premium Motor Spirit organised by the House of Representatives. The minister said,... Read More

Federal Government, fuel importation, jide ojo, Niger Delta, nigeria, nnpc, opinion

February 14, 2017

ALERT! ‘How Buhari’s signature was forged to sell $19m stolen crude oil to China’ – Lawmaker

A member of the House of Representatives, Ehiozuwa Agbonayinma on Tuesday alleged that a top official of the Nigerian National Petroleum Corporation attempted to forge the signature of President Muhammadu Buhari to sell $19 million worth of crude oil in China. Agbonayinma said this when he appeared on Sunrise Daily on Channels TV. The lawmaker... Read More

Buhari's forged signature, Ehiozuwa Agbonyinma, lawmaker, nnpc

February 13, 2017

Feyi Fawehinmi: Everybody in NNPC is a thief [A polemic]

by Feyi Fawehinmi Following the story about Andrew Yakubu and his dollar stash, I went on a twitter rant (deliberately trying to be provocative). There is not a single good woman or man in NNPC. Not one. Every single person there is a thief. — tyro (@DoubleEph) February 11, 2017 Naturally a lot of... Read More

Andrew Yakubu, Buhari, corruption, diezani, Feyi Fwehinmi, nigeria, nnpc, oil money, opinion

February 11, 2017

$9.8m cash, N200 suicide bombing fee | 5 numbers that mattered this week

$9.8 million – The EFCC discovered this amount of cash and another 74,000 pounds in the Kaduna home of the former GMD of the NNPC, Andrew Yakubu. $80 billion – According to Petroleum minister, Ibe Kachikwu, Nigeria loses this amount to pipeline vandalism in Niger Delta every year. N194 million – The Nigerian Customs Service... Read More

Featured, The News Blog

Andrew Yakubu, Ibe Kachikwu, Nigerian customs, nnpc, numbers that mattered, power distribution companies, Suicide bomber

February 11, 2017

$9.8m loot: EFCC detains ex-NNPC GMD

The Economic and Financial Crimes Commission (EFCC) has detained former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Andrew Yakubu, following the recovery of $9.8m and £74,000 from him. Yakubu is reportedly being detained in an EFCC facility in Kano. It was learnt that the cash was stashed in a fire-proof safe... Read More

$9.8m, Andrew Yakubu, Arrdsted, GMD, nnpc

February 11, 2017

The Thread: Twitter reacts in shock over $9.8M stash owned by former GMD NNPC, Andrew Yakubu

The EFCC recovered a stash of 9.8 million dollars supposedly belonging to Andrew Yakubu, the former General Managing Director of NNPC, and Twitter has been in shock. See below: https://www.instagram.com/p/BQVYpgCBIdv/?taken-by=buhari.sallau&hl=en https://www.instagram.com/p/BQV6-slB1-1/?taken-by=buhari.sallau&hl=en GEJ’s clean hands Before you blame GEJ for Yakubu's criminality, So there's NO ambiguity, this was APC's position when GEJ fired Andrew Yakubu as... Read More

Andrew Yakubu, corruption, diezani, jonathan, nigeria, nnpc, The Thread

February 10, 2017

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

These are the top five stories you l be monitoring today. 1. Gunmen kill 3, abduct doctor in Lagos Gunmen early Thursday killed three persons during an invasion of an estate in Isheri North of Lagos. 2. Passengers escape death as aircraft tyre burst at Lagos airport Tragedy was averted at the Murtala Muhammed International Airport,... Read More

.US, donald trump, JNI, nnpc, The Big 5, Yemi Osinbajo

February 10, 2017

The YNaija Tracklist: Calls for Osinbajo’s resignation callous – JNI | Gunmen kill 3, abduct doctor in Lagos | More stories

From the papers this morning – a Tracklist. Gunmen kill 3, abduct doctor in Lagos – YNaija Passengers escape death as aircraft tyre burst at Lagos airport – YNaija How Kaduna refinery loses N2.2bn annually – NNPC – YNaija Calls for Osinbajo’s resignation callous – JNI – YNaija 2019: Accord Party Denies Purported Alliance With... Read More

airport, INEC, KRPC, nnpc, The YNaija Tracklist, Yemi Osinbajo

February 10, 2017

How Kaduna refinery loses N2.2bn annually – NNPC

The Nigerian National Petroleum Corporation (NNPC), says its subsidiary, ‎Kaduna Refining and Petrochemical Company (KRPC), loses about N2.2 billion annually ‎to illegal tapping of its raw water pipeline. NNPC group general manager, group public affairs division, Ndu Ughamadu, said this in a statement released on Thursday.‎ He said the raw water pipeline that runs from Kaduna river generates... Read More

Idi Mukhtar, KRPC, N2.2bn, Ndu Ughamadu, nnpc, water

January 29, 2017

Fire destroys NNPC depot in Suleja

An NNPC depot in Suleja went in flames early Sunday morning, Niger State Fire Service has confirmed. Mohammad Kwale, the officer in charge of the service in Suleja said the fire affected the loading section in the depot. ”The outbreak started around 4:30am when we were called. By 5:00am we have put out the flames.... Read More

Depot, destroy, explosion, Fire, nnpc, Suleja

January 27, 2017

[The Presidential Blog] Alibaba may have just delivered the most politically hilarious “knock knock” ever

https://instagram.com/p/BPvZWs4gprb/ No matter how horrible things get in Nigeria, we can always count on people like the comedian, Ali BabaGCFR to bail us out with some jokes. Sadly though after all fun and jokes, the reality always sits there waiting. Former Minister of Petroleum, Mrs Diezani Alison-Madueke became liable to be used in this kinds... Read More

The Presidential Blog

Alibabagcfr, Diezani Alison Madueke, nnpc, the Presidential Blog

January 21, 2017

N2.7 billion fighter jet fuel, 20000 deaths in Kaduna | The 5 numbers that mattered this week

N250 million – The Oyo and Osun state governments each paid this amount to LAUTECH to enable staff get back to work after the prolonged strike. 1.3 billion – On Wednesday, NNPC assured that it has litres of PMS worth this number in its reserve so Nigerians should not panic buy. 20,000 – Kaduna state governor,... Read More

Featured, Thinking Through

boko haram, kaduna, LAUTECH, NAF, Nasir el-Rufai, nnpc, numbers that mattered

January 18, 2017

Don’t panic buy, we have 1.3bn litres of petrol – NNPC

The Nigerian National Petroleum Corporation (NNPC) on Wednesday dismissed a report that there would be an increase in price of petroleum products. In a statement by spokesman of the corporation, the NNPC advised Nigerians against panic buying of products. He said NNPC has 1.3billion litres stock of premium motor spirit (PMS), sufficient for 38 days.... Read More

1.3bn litres, Diesel, Kerosene, nnpc, petrol

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