NNPCL Archives - Page 9 of 17 - Voice of Liberty NG

UK charges�s Glencore’s billionaire ex-Head of Oil over bribing NNPCL, FG officials

August 3, 2024August 3, 2024 Aminu Imam

GLENCORE GLENCORE INTERNATIONAL AG, ROHSTOFFHAENDLER, ROHSTOFFHANDEL,

A billionaire former head of oil at Glencore Plc, Alex Beard, has been charged with corruption by the UK�s top fraud agency, alongside four other ex-employees from the commodities trader. Beard, 56, who was one of Glencore�s top executives for more than a decade before his departure in 2019, is the highest profile individual to be charged in a sweeping series of investigations into corruption and market manipulation at the company � and one of the most senior commodity traders ever to be charged with wrongdoing. The UK�s Serious Fraud…

“Mele Kyari undermining Tinubu�s ‘Renewed Hope’ agenda” – Federal lawmakers

July 31, 2024July 31, 2024 Aminu Imam

Fifteen lawmakers, under the aegis of ‘The Economy Rescue Group’, have called on Mele Kyari, the Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited (NNPCL), to resign. The group claimed that mismanagement under Kyari�s leadership at the NNPCL was responsible for the woes being recorded by President Bola Ahmed Tinubu�s administration. In a press statement signed in Abuja on Tuesday by its leader, Honourable Esosa Iyawe, lawmaker representing Oredo Federal constituency at the 10th House, in Abuja, they insisted that Kyari should be suspended, pending the…

?angote Refinery: H’Reps threaten to demand NNPCL, NMDPRA bosses sack

July 28, 2024July 28, 2024 Aminu Imam

The House of Representatives has said it would call for the sack of Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, (NNPCL), Mele Kyari, if what they described as the �attempt to destroy Dangote Refinery� does not stop immediately. The deputy spokesperson of the House, Philip Agbese, who stated this while speaking with newsmen in Abuja yesterday, noted that the lawmakers had already called for the sack of the leadership of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA). He observed that both agencies � NNPCL…

?angote/NNPC rift: Nigeria�s petrol import from Malta jumps 43 times to $2.08bn

July 26, 2024July 26, 2024 Aminu Imam

Nigeria�s importation of petroleum from Malta has skyrocketed 43 folds, amounting to $2.08 billion in 2023, a development amidst the ongoing rift between the ?angote Group and the Nigerian National Petroleum Company Limited, (NNPCL). Data sourced from Trade Map, a global database on international trade statistics showed Nigeria imported petroleum oils and oils obtained from bituminous minerals worth $ 2.8 billion in 2023, a 342% increase, from $47.5 million as of 2013. Between 2013 and 2016, import values fluctuated. There was a peak in 2015 at $117.01 million, followed by…

‘NNPCL spent N7.3bn on entertainment in 16 months’ – Report

July 23, 2024July 23, 2024 Aminu Imam

The Nigerian National Petroleum Company Limited, (NNPCL) Group’s share of profit for West Africa LPG stood at N807 million, while as of June 2022, the accumulated loss stood at N1 billion. A review of financial statements of the NNPCL has shown that its subsidiaries posted short-term debts to the tune of N83 billion in 2022. According to the financial statements of the NNPCL for December 2022, Nikorma transport Trade and other payables (debts) stood at N4.5 billion, West Africa LPG Limited trade payable figure stood at N79.2 billion, while that…

FBI charges top NNPC official over $2.1m bribes to help Addax Petroleum escape $2.4bn liability to Nigeria

July 23, 2024July 23, 2024 Aminu Imam

A senior Nigerian National Petroleum Corporation (NNPC) official has been slammed with bribery and tax-related charges in the United States, court filings have revealed. A jury recently returned a three-count indictment against Paulinus Iheanacho Okoronkwo after the Federal Bureau of Investigation, (FBI), found that he used his position as a general manager in NNPC�s upstream department to obtain at least $2.1 million in bribes. The alleged bribe was to assist Addax Petroleum escape its $2.4 billion liability to Nigeria as part of an oil-lifting contract that began in 2001, the…

Controversy, as NNPCL Audited Report shows it paid 20% shares in ?angote Refinery

July 21, 2024July 21, 2024 Aminu Imam

The Nigerian National Petroleum Corporation Limited (NNPCL) Audited Report for 2022 has shown it paid for 20% shares in the ?angote Refinery. The revelation came despite ?angote’s denial that the what the corporation paid was only 7.2%. A report by Afrisagacity, shared on X handle, analysed that under President Muhammadu Buhari�s government, the NNPC committed to invest $2.7billion and buy 20% shares in the ?angote Refinery. According to the report, in January, the NNPC, after intense pressure, released its Audited Financial Report for 2022. In the report, they stated that…

Presidency raises alarm over NNPC�s non-completion of Port-Harcourt refinery

July 17, 2024July 17, 2024 Aminu Imam

The Presidency has expressed concern about the Nigerian National Petroleum Company Limited (NNPCL)�s failure to meet key milestones crucial to President Bola Tinubu�s administration�s goals. Sources, who spoke to newsmen, revealed that the Special Adviser to President Tinubu on Policy and Coordination and Head of the Central Results Delivery Coordination Unit (CRDCU), Hadiza Bala Usman, voiced these concerns during a review of the quarterly performance assessment of the Ministry of Petroleum Resources. Usman highlighted Government�s anxiety over several unfinished projects by the NNPCL, particularly the ongoing delays in completing state-owned…

‘NNPCL stake in our refinery now 7.2%’ – Aliko ?angote

July 15, 2024July 15, 2024 Aminu Imam

Africa�s richest person, Aliko ?angote, has said the Nigerian National Petroleum Company Limited, (NNPCL), no longer owns 20% stake in Dangote Petroleum Refinery. Speaking during a press briefing at the refinery yesterday, ?angote said NNPC now owns 7.2% of the refinery over failure to pay the balance of their share, which was due in June. �NNPC no longer owns 20% stake in the Dangote Refinery. They were met to pay their balance in June, but have yet to fulfil the obligations. Now, they only own a 7.2% stake in the…

‘Presidency concerned over NNPC�s non-completion of P/H refinery, OB-3 gas pipeline project’ – Source

July 10, 2024July 10, 2024 Aminu Imam

The Presidency is concerned over the failure of the Nigerian National Petroleum Company (NNPC) Limited to fulfill milestones critical to the goals of President Bola Tinubu�s administration. According to insiders, Special Adviser to Tinubu on policy and coordination and Head of the Central Results Delivery Coordination Unit (CRDCU), Hadiza Bala Usman, expressed these concerns during a review of the quarterly performance assessment of the ministry of petroleum resources (Oil). A source revealed that Usman said the Government is worried about key uncompleted projects by NNPCL. Specifically, the Government official said…