Mele Kyari Archives - Page 4 of 7

NNPC Severance Package: EFCC drops probe against Kyari, Ajiya

May 9, 2023May 9, 2023 Aminu Imam

There were indications that the Economic and Financial Crimes Commission (EFCC) may have closed investigations into the alleged unlawful payment of severance benefits to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Mele Kyari and the Chief Financial Officer of the company, Umar Ajiya. Recall that the national oil giant had invited the anti-corruption agency to investigate the authenticity of the claims with a view to ascertaining the veracity of the allegations. According to a top NNPC official, who spoke to newsmen on condition of…

NNPCL spends N400bn monthly on petrol subsidy amid fuel scarcity

February 17, 2023February 17, 2023 Aminu Imam

The Nigerian National Petroleum Company Limited (NNPCL) has said about N400 billion is spent to subsidize petrol every month, amounting to about N202 subsidy per litre. This is despite the prevailing scarcity of petroleum products which has shot up the price to as much as N350 per litre in many parts of the country. The Group Chief Executive Officer of the NNPCL, Malam Mele Kyari, disclosed the subsidy payment at the final cut-over ceremony of NNPC and the birth of NNPCL at the corporation�s towers in Abuja yesterday. Kyari explained…

“Fuel scarcity will ease off next week” – Kyari assures

February 8, 2023February 8, 2023 Aminu Imam

…Apologises to Nigerians Nigerian National Petroleum Corporation Limited, (NNPCL), Group Chief Executive Officer, Mele Kyari, has assured Nigerians that the lingering fuel scarcity will ease-off next week. Kyari said this in a video clip shown during a television programme, yesterday. He, however, said he could not assure that the queues at the fuel stations would disappear, but added that there would be a significant improvement in the next one week He said, �Within the next one week, I�m not saying that you�re going to have zero queues within the next…

‘Fuel scarcity not plan to sabotage election’ � NNPC GMD�

February 3, 2023February 3, 2023 Aminu Imam

The Nigerian National Petroleum Company Limited (NNPCL), yesterday, said the lingering petrol scarcity across the country is not a deliberate action to sabotage the forthcoming general elections. The NNPC Group Managing Director and Chief Executive Officer, Mele Kyari, disclosed this while speaking on a television programme. Recall that last week, during a campaign rally in Abeokuta, the Ogun State capital, the presidential candidate of the All Progressives Congress, (APC), Bola Tinubu, alleged that a plot is being made to scuttle the general elections. Tinubu said the scarcity of fuel being…

NNPC discovers oil in Nasarawa State

January 14, 2023January 14, 2023 Aminu Imam

…Drilling starts in March The Nigerian National Petroleum Company Limited, (NNPCL), has announced the discovery of oil in Nasarawa State. The corporation also stated that it’s prepared to drill the first foot of an oil well in the North-Central State. With this development, Nasarawa becomes the third State in Northern Nigeria where oil has been discovered in commercial quantity. The announcement was made by the NNPCL�s Group Managing Director, (GMD), Mele Kyari, when he received a delegation comprising Nasarawa State, Abdullahi Sule, and prominent indigenes of the State on a…

Fuel: “We can�t maintain N170 pump price of petrol” � NNPCL GMD, Kyari says

December 11, 2022December 11, 2022 Aminu Imam

The Group Managing Director, Nigerian National Petroleum Company Limited, NNPCL, (formerly Nigerian National Petroleum Corporation), Mele Kyari, has lamented that the NNPCL can no longer maintain the current official pump price of N170 per litre for Premium Motor Spirit, popularly called petrol or fuel. Kyari, while speaking at the Legislative Transparency and Accountability Summit, organised by the House of Representatives Committee on Anti-Corruption in Abuja, stated that the landing cost of fuel was thrice the amount. �It is not possible for you to buy fuel at N170 when your actual…

“Don�t blame NNPC for smuggling of petroleum” – Mele Kyari

November 10, 2022November 10, 2022 Aminu Imam

Group Managing Director of the Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has attributed the high rate of product smuggling across the border to petroleum subsidies. Speaking at a summit hosted by the House of Representatives Committee on Anti-Corruption, Kyari asserted that smuggling and round-tripping would continue as long as subsidies existed. He stated that NNPC Limited cannot be held accountable for the matter. According to him, �As long as arbitrage is there, you will continue to have these issues and you cannot hold NNPC accountable for it, because…

Crude oil theft: NNPC uncovers 4km illegal oil pipeline to loading seaport operated for over 9 yrs

October 6, 2022October 6, 2022 Aminu Imam

The Chief Executive of Nigeria National Petroleum Company Limited, (NNPC), Mele Kyari, on Tuesday revealed that the Company has uncovered an illegal 4km pipeline from Forcados, in Delta State to the sea, and a loading port that has operated in the last nine years. Mele Kyari made the revelation when he appeared before a joint Senate Committee on Upstream, Downstream and Gas, lamenting that though oil theft in Nigeria has been going on for over 22 years, the rate it has assumed in recent times is unprecedented. He revealed that…

Economic Disaster: ‘Nigeria faces disaster over escalation of oil theft’ � Kyari

October 5, 2022October 5, 2022 Aminu Imam

The Federal Government yesterday raised the alarm that the country is on the brink of an economic disaster following indiscriminate oil theft, pipeline vandalism in the Niger Delta areas, with attendant low oil production. The Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, raised the alarm when he appeared before the Senate�s joint committees on Petroleum (Downstream), Petroleum (Upstream) and Gas. Answering questions on the state of the upstream and downstream sectors of the oil sector, Kyari also revealed that contrary to speculations, Nigeria…

Senate panel summons NNPC boss over oil theft, subsidy, dilapidated refineries under his watch�

September 30, 2022September 30, 2022 Aminu Imam

The Senate Committee on Petroleum (Downstream) yesterday summoned the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, (NNPCL), Mele Kyari, over oil theft, subsidy, and dilapidated refineries under his watch.� The committee�s chairman, Senator Mohammad Sabo Nakudu, said this in Abuja, at an interactive session on oil theft, state of refineries, and subsidy, among others. Nakudu said Kyari must appear on Tuesday to brief the committee on efforts being made to address crude oil theft, dwindling revenue, and the poor state of refineries. NNPCL General Manager, Public…