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Tag Archives: NNPC

NNPC Discloses It Has No Hidden Account

NNPC station in Abuja

The Management of the Nigerian National Petroleum Corporation, NNPC on Thursday, once again provided informed perspective to the trending media report alleging that the Corporation colluded with some banks to prevent the remittance of some funds into the Treasury Single Accounts, (TSA), scheme as directed by the Federal Government. NNPC The NNPC in a release by its Group General Manager, ...

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NNPC Shuts Down Nation’s Three Refineries for Optimal Performance


The Nigerian National Petroleum Corporation (NNPC) says the nation’s three refineries would be shut down briefly for an overhaul for optimal performance. The NNPC Group Managing Director, Dr Maikanti Baru, said this in Abuja on Wednesday on the sidelines of the inaugural Nigerian Pipeline Security Conference and Exhibition, organised by the Pipeline Association of Nigeria (PLAN). According to Baru, the ...

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NNPC to Train Staff on Combating Corruption


The Nigerian National Petroleum Corporation (NNPC) will equip 50 per cent of its workforce with requisite knowledge in identifying and examining fraud to combat corruption, Dr Maikanti Baru has said.Baru, the Group Managing Director of NNPC, made the assertion on Tuesday in Abuja while receiving a delegation of the Association of Certified Fraud Examiners (CFE), Abuja Chapter, led by its ...

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Oil Marketer Drags Federal Government to Court Over Alleged Discriminatory Forex lntervention Policy

In a bid to forestall the continued implementation of alleged discriminatory Forex investment Fund policy to the advantage of some importer of Petroleum products, an independent Oil marketer in the down stream sector SPOT MARKET OIL (OVERSEAS) LIMITED has dragged the Federal Government of Nigeria before a Federal high court in Lagos. Joined as co -defendants in the ensuing legal ...

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How EFCC Found $9.2m In Ex-NNPC GMD Kaduna Home

Engr Andy Yakubu

Mr Ibrahim Magu, Acting Chairman of Economic and Financial Crimes Commission (EFCC), on Thursday told a committee of the House of Representatives that $9.2 million and 750,000 pounds were recovered from a residence in Kaduna state. Although he did not indicate precisely when the raid by EFCC operatives was carried out, NAN has learnt that the foreign money was recovered ...

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Oil Workers Hail FG Over Rehabilitation of Refineries

New Group Managing Director (GMD) of NNPC, Dr Maikanti Baru

Workers in the oil and gas sector on Monday commended the Federal Government on its plan and pronouncement to rehabilitate the three nation’s refineries to achieve optimal capacity utilisation by 2017. The workers, under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) NNPC branch ...

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NNPC Lost N418.97b In 21 Months, Report Says


The group operations of the Nigerian National Petroleum Corporation, NNPC, recorded a cumulative loss of N411.1 billion in 21 months between January 2015 and September 2016, the Nigerian Extractive Industries Transparency Initiative, NEITI, has stated. In its report, the agency said its review of the NNPC’s monthly financial and operational reports show that the national oil company earned marginal profits ...

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We Are Tired of Leadership Crisis- IPMAN Southwest Stakeholders


Southwest Stakeholders Forum of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on all warring parties in its ongoing leadership crisis to sheath their swords and follow constitutional laid down procedure in resolving it. Addressing a Press Conference in ‎Akure, Ondo state capital, convener IPMAN Southwest Stakeholders, Olatunji Adewoyin said the leadership crisis between its elected President and ...

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