NNPCL Archives - Voice of Liberty NG

NNPCL increases petrol price to ₦1,270

July 22, 2026July 22, 2026 Aminu Imam

The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit, popularly known as petrol, at its retail stations. A market check yesterday showed that NNPCL outlets in Abuja and nearby areas adjusted their petrol price from ₦1,155 per litre to ₦1,270 per litre. The latest adjustment represents an increase of N115 per litre by the state-owned oil company. The development comes as activities in Nigeria’s downstream oil sector continue to face uncertainty. Some NNPCL and MRS filling stations in Abuja were reportedly shut, while…

ADC demands full disclosure of ₦7.13tr NNPCL energy security spending

July 22, 2026July 22, 2026 Aminu Imam

…Raises questions over pipeline surveillance contracts The African Democratic Congress (ADC) has called on the Federal Government, the Nigerian National Petroleum Company Limited (NNPCL), and the National Assembly to publicly disclose full details of the ₦7.13 trillion recorded as energy security expenditure in the national oil company’s 2024 audited financial statements. The opposition party said the scale of the expenditure raises serious questions about transparency, accountability, and value for money, particularly in light of reports linking pipeline surveillance contracts to Tantita Security Services Nigeria Ltd., a company associated with former…

Senate queries NNPCL auditors over unexplained ₦210tr

July 17, 2026July 17, 2026 Aminu Imam

…Sets 1-week deadline The Senate Public Accounts Committee has given the external auditors of the Nigerian National Petroleum Company Limited (NNPC Ltd.) one week to provide documents explaining over ₦210 trillion recorded as receivables and payables in the company’s audited financial statements. At a hearing on Wednesday, the committee directed the auditors to submit detailed schedules and audit working papers supporting about ₦107 trillion listed as receivables and ₦103 trillion recorded as payables. The auditors had requested two weeks to retrieve the documents, saying the schedules formed part of their…

‘NNPCL secretly hires top managers from South, after halting oil exploration funding in North’ – Sources

July 15, 2026July 15, 2026 Aminu Imam

Fresh controversy has engulfed Nigeria’s oil and gas sector following allegations that the Nigerian National Petroleum Company Limited, NNPCL, quietly recruited mostly Southerners into executive and middle management positions, amid claims that the exercise violated the federal character principle. Sources told newsmen that the recruitment, conducted alongside the company’s ‘Accelerated and Voluntary Exit Programme’, lacked transparency and was carried out without public advertisement or clearly defined selection criteria. The development comes as stakeholders also criticised President Bola Tinubu’s Executive Order 9, which redirects funds previously allocated to frontier oil exploration…

SERAP sues NNPCL over alleged ₦5.9bn rebranding cost

June 15, 2026June 15, 2026 Aminu Imam

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) over its alleged failure to account for about ₦5.9 billion reportedly spent on the incorporation, transition and rebranding of NNPC into NNPCL. The suit, marked FHC/ABJ/CS/1248/2026, was filed last week at the Federal High Court in Abuja. SERAP is seeking an order of mandamus to compel the NNPCL to account for the funds allegedly spent on the rebranding exercise. According to SERAP, the NNPC reportedly paid ₦2.9 billion for incorporation expenses…

₦210tr Audit Queries: Senate issues arrest warrant on ex-NNPCL GCEO, Mele Kyari

June 11, 2026June 11, 2026 Aminu Imam

The Senate Committee on Public Accounts has issued a warrant of arrest on former Group Chief Executive Officer, GCEO, of Nigerian National Petroleum Company Limited, (NNPCL), Mele Kyari, over his alleged repeated refusal to honour the committee’s summons. The committee had invited leadership of NNPCL to appear before it to respond to audit queries involving a cumulative sum of ₦210 trillion spanning 2017 to 2023. According to reports, the audit queries emanated from the audit report of the Office of the Auditor-General for the Federation on expenditures of Ministries, Department…

“Too much corruption, they’ll never work again’ – Obasanjo slams NNPCL refineries, amid fresh revival plans

April 28, 2026April 28, 2026 Aminu Imam

Former President Olusegun Obasanjo has reignited debate over Nigeria’s troubled refining sector, declaring that the country’s state-owned refineries may never function effectively again due to deep-rooted corruption, poor maintenance, and structural inefficiencies. Obasanjo made the remarks during a televised interview aired at the weekend, as the Nigerian National Petroleum Company Limited (NNPCL) continues efforts to secure technical partners for the Port-Harcourt, Warri, and Kaduna refineries, with a target to conclude the process by June 2026. Drawing from his experience in office, the former president argued that government-run enterprises in Nigeria…

Alleged missing NNPCL ₦210tr: “Publish names implicated or face legal action” – SERAP to Akpabio

March 23, 2026March 23, 2026 Aminu Imam

The Socio-Economic Rights and Accountability Project (SERAP), has urged the Senate President, Godswill Akpabio, to direct the Senate’s Public Accounts Committee to publish the names and designations of all officials implicated in the alleged ₦200 trillion missing or unaccounted for from the Nigerian National Petroleum Company Limited, (NNPCL), regardless of their social or political status. SERAP urged him to direct the Committee to widely disclose details of the ongoing investigation, including audit reports, financial records, and official communications relied upon by the Committee, as well as the timelines for when…

Revenue remittances: FG orders forensic audit of NNPCL, NUPRC

February 23, 2026February 23, 2026 Aminu Imam

The Federal Government has launched a comprehensive forensic audit of past revenue collections by key agencies in the oil and gas sector, including the Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The investigation, which will also cover the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and other operators, is designed to recover any outstanding sums due to the Federation following President Bola Tinubu’s recent Executive Order mandating the direct remittance of all oil and gas revenues into the Federation Account. According to…

Tinubu orders NNPCL to remit oil taxes, royalties directly

February 19, 2026February 19, 2026 Aminu Imam

President Bola Tinubu has suspended the collection of management and frontier exploration fees by the Nigerian National Petroleum Company Limited (NNPCL) as part of a sweeping Executive Order aimed at safeguarding oil and gas revenues due to the Federation. The directive, announced in a statement yesterday by the Assistant Director of Information and Public Relations at the Federal Ministry of Finance, Uloma Amadi, also orders the direct remittance of taxes, royalties, and profit oil under Production Sharing Contracts to the appropriate fiscal authorities, effectively blocking deductions at source. According to…