Tag: NNPCL

Tinubu and the NNPCL House of Cards, By Olusegun Adeniyi

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Following the revelation of the withdrawal of $2.1 billion ‘security money’ from Nigeria National Petroleum Corporation (NNPC) accounts more than a decade ago, I wrote a column titled, ‘NNPC: The ATM for Dirty Money’. The scandal occurred amid the drama in the National Assembly over the Petroleum Industry (PIB) at the time. And my piece dwelt more on the gaps in the PIB, especially regarding how NNPC operations might be impacted once the legislation was […]

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NNPCL didn’t remit N500bn revenue in 2024 ―World Bank

Bode DoluLeave a Comment on NNPCL didn’t remit N500bn revenue in 2024 ―World Bank

The World Bank has revealed that the Nigerian National Petroleum Company Limited has only been remitting 50 per cent of revenue gains from the removal of the Premium Motor Spirit subsidy to the Federation Account. This disclosure is contained in the latest World Bank Nigeria Development Update, which highlights concerns over fiscal transparency and revenue […]

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N80bn allegedly found in sacked MD’s bank accounts, as EFCC probes NNPCL $3bn refinery fraud

Bode DoluLeave a Comment on N80bn allegedly found in sacked MD’s bank accounts, as EFCC probes NNPCL $3bn refinery fraud

  Nigeria’s Economic and Financial Crimes Commission (EFCC) has arrested the recently sacked managing directors and some top officials of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company. The officials were arrested over alleged mismanagement of funds earmarked for the rehabilitation of the facilities. The total amount […]

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Tinubu sacks Kyari, Akinyelure, appoints new GCEO for NNPCL

Bode DoluLeave a Comment on Tinubu sacks Kyari, Akinyelure, appoints new GCEO for NNPCL

President Bola Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the Chairman, Chief Pius Akinyelure and the Group Chief Executive Officer, Mallam Mele Kolo Kyari. According to a release issued in the early hours of this  morning by presidential spokesperson, Bayo Onanuga, the President also removed all […]

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