Tag: NNPCL

‘Refineries not refurbished to reduce petrol price’ – NNPCL GMD

Aminu Imam

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said that the country’s refineries are not being refurbished to reduce petrol price. Recall that the Senate had issued a 24-hour ultimatum on Wednesday to the NNPCL boss after an observations that he had in previous occasions, shunned summons by the Senate to appear before its ad-committee probing over N11 trillion expenditure on turn-around maintenance of refineries in the country between 2010 and 2023. Responding to questions by the Senate Committee on Appropriations…

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‘NNPC should be audited; President shouldn’t be petroleum minister’ – Sanusi Lamido

Aminu Imam

The Immediate-past Emir of Kano, Muhammadu Sanusi II, has called for the audit of the Nigerian National Petroleum Company (NNPC) Limited. Sanusi, who made this known during the Bank Directors’ Association of Nigeria conference, in Abuja on Wednesday., said the country needs to shine the light on NNPC in the areas of revenue generation and oil production  According to him, “The finance minister cannot tell you because he doesn’t have a metering system that reports to him,” he said.  “The finance minister cannot tell you “today, this is how many…

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Tinubu appoints NNPCL Board members, management team

Aminu Imam

…Re-appoints Mele Kyari as GCEO President Bola Ahmed Tinubu, yesterday, approved the appointment of board and management team of the Nigerian National Petroleum Company Limited (NNPCL). In a statement by the President’s spokesperson, Ajuri Ngelale, while announcing this in a statement, said the Tinubu approved the re-appointment of Malam Mele Kyari as the Group Chief Executive Officer. He said the President also appointed the management team of the corporation, with Chief Pius Akinyelure as Non-Executive Board Chairman. The statement said, “In compliance with Section 59 (2) of the Petroleum Industry…

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H/Reps indict NPA, NNPC, NBET, others over N14tr contingent liabilities

Aminu Imam

Nigeria is currently exposed to N13.9 trillion contingent liabilities, a report by the House of Representatives’ joint committees on Finance, National Planning and Economic Development and Aid, Loans and Debt Management yesterday, has revealed. The report was on the 2024-2026 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). The clerk of the House Committee on Finance, Barrister Oscar Okoro, said the report would be laid at plenary yesterday. A contingent liability is described as a potential loss which may occur in the future, depending on the outcome of a specific…

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Expect cheap petrol, as NNPCL/US partner to produce fuel from corn, wood, other sources

Aminu Imam

The Nigerian National Petroleum Company Limited (NNPCL) is partnering with the United States (US) Grains Council for the production of ethanol in Nigeria, in a bid to moving to produce fuel from alternative sources. NNPC announced the development on its X (formerly Twitter) page on Wednesday, when the US Grains Council visited the national oil firm. Recall that the NNPCL CEO met with the members of the Grains Council from the US, led by Ryan LeGrand, the Council’s CEO. “During the visit, both parties explored areas of collaboration towards growing…

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“We’ll hold NNPCL accountable for complete rehabilitation of all refineries by 2024″ – Lokpobiri

Aminu Imam

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has declared that the federal government would hold the Nigerian National Petroleum Company Limited (NNPCL) accountable for the complete rehabilitation of all the nation’s refineries, as scheduled, by the end of 2024. Lokpobiri stated this at the weekend, while fielding questions from newsmen at the end of a three-day retreat for Ministers, Special Advisers and other presidential aides at the Conference Centre of the State House, Abuja. NNPCL has the responsibility of rehabilitating three refineries in the country to reduce fuel…

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‘Oil thieves, few retired NNPC staff, idle lawyers behind sack Kyari campaign’, Group alleges

Aminu Imam

A group, under the auspices of Nigeria Accountability Monitors, (NAM) has lambasted the Coalition of Nigerian Legal Practitioners, for calling for the sack of NNPC GCEO, Mele Kyari. It also accused some recently retired senior and management staff of conniving with “idle lawyers and other hirelings” to attack the NNPC’s Mele Kyari/ Umar Ajiya- led management. A media statement signed by the group’s Chairman, Sabiu Ibrahim on Thursday evening, described the lawyers coalition, led by Adesina Bernard, as “mischief-makers acting the script of a few among the recently retired officials…

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NNPCL accused of withholding over N13tr from Federal Account

Aminu Imam

The Federation Account Allocation Committee (FAAC) has revealed, in a fresh report, that Nigerian National Petroleum Corporation Limited, (NNPCL), sold crude oil for about N26.496 trillion but only remitted N13.226 trillion into the Federation’s Account. The FAAC report covered from January 2012 to May 2023, revealed that the company withheld N13.270 trillion. According to the report, a total of N4.026 trillion in subsidy claims was certified. The Petroleum Products Pricing Regulatory Agency, (PPPRA), is said to have done the certification from January 2010 to December 2015. The FAAC has since…

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Oil Industry: ‘Appointment of Soneye as NNPCL Chief Corporate Communications Officer apt’ – NUJ

Aminu Imam

The Nigerian Union of Journalists, (NUJ), has described the appointment of Femi Soneye as the Chief Communications Officer of the Nigeria National Petroleum Company Limited, (NNPCL), as apt, given the transition in the oil industry. This was stated in a statement by the National Secretary of NUJ, Shu’aibu Usman Leman. The Union commended the Group Chief Executive Officer of the NNPCL, Mele Kyari, for the choice of Soneye, saying he has global expertise and experience in journalism, information and communications. According to the statement, “The NUJ National Secretariat lauds the…

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NNPCL appoints Olufemi Soneye as Chief Corporate Communications Officer

Aminu Imam

Aminu Imam The Nigerian National Petroleum Company Limited has announced the appointment of a Chief Corporate Communications Officer; Olufemi Oladapo Soneye.  The company made the announcement through an October 18 statement  signed by the management team.  In the statement, the company said the decision to appoint Mr. Soneye is in line with the company’s brand penetration.   The official statement reads:“We are delighted to announce the appointment of Olufemi Oladapo Soneye as our Chief Corporate Communications Officer.   “Mr. Soneye, a seasoned journalist with full-time and freelance experiences at some of…

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