At last, no missing $1.05bn from NLNG dividend account—Senate declares
Chairman of Senate Committee on Gas Resources and Nigeria National Petroleum Corporation (NNPC), Senator Bassey Akpan, and Chief Financial Officer of NNPC, Mr Isiaka Abdulrazaq, have jointly confirmed that no $1.05bn is missing from the Nigerian Liquefied Natural Gas (NLNG)…
Dogara links feud between NNPC, states to leakages in the economy
At a time the federal government is claiming blockages of all revenue leakages, Speaker of the House of Representatives, Hon Yakubu Dogara, has said the continuous face-offs between the Ministry of Finance, Nigeria National Petroleum Corporation (NNPC), State Governments and…
PDP traces deadlock at FAAC meeting with Govs to Buhari’s Incompetence
The Peoples Democratic Party (PDP) has linked the recent collapse of discussions at the deadlocked meeting of the Federal Accounts and Allocation Committee (FAAC) to the incompetence of President Muhammadu Buhari. In a statement signed weekend by the National Publicity…
FG bows to impacts of failed promises, set to increase fuel pump price
Contrary to electioneering promises that this administration will reduce fuel price from N145 to N40, if voted into power in 2015, the persistent scarcity since last year due to rise in oil price has forced the government to begin a…
NNPC relying on establishment Act to void NASS resolutions —Investigation
Simply because there are some provisions of the Act establishing the Nigeria National Petroleum Corporation (NNPC) , that suggest independent powers to decide payment of oil subsidy which are yet to be repealed, the Corporation has told national Assembly that…
Is it that Buhari encouraged NNPC to breach TSA as a minister?
Next week Wednesday may be rowdy during the seating of the House of Representatives ad hoc Committee probing NNPC on the implementation of the Treasury Single Account (TSA) policy. This stemmed from the confirmation by the Committee on Tuesday that…
Suspend NNPC boss before probing him, experts tell Senate
Experts in corporate governance and anti-corruption have called for immediate suspension of the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru. This stemmed from the resolution passed by the Senate on Wednesday, to set up…
Twist at House investigative hearing as NNPC now owes Capital Oil N16bn
Contrary to trending claims and allegations by the Nigeria National Petroleum Corporation (NNPC) that Capital Oil & Gas Limited managed by Dr. Ifeanyi Ubah siphoned petroleum products stored under his care to the tune of N11bn and recently paid in…
