Independent Petroleum Marketers Association of Nigeria (IPMAN) in Lagos State have threatened to withdraw their services from Dec. 11 over NNPC’s breach of bulk purchase agreement to sell fuel to them at N133.28k per litre. The Lagos State Chapter of IPMAN, on Wednesday said it was set for a showdown with NNPC over irregular fuel […]
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Vice-President Yemi Osinbajo has admitted he approved contracts of the Nigeria National Petroleum Corporation (NNPC) when President Muhammadu Buhari was on medical vacation in the UK. Ibe Kachikwu, minister of state for petroleum resources, had accused Maikanti Baru, group managing director (GMD) of the NNPC, of awarding contracts worth $25 billion without due process. In […]
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By Reuben Abati The current NNPC debacle is probably the most embarrassing, even if mercifully, eye-opening crisis in the history of that nationally strategic institution since its creation in 1977. I seek in the following commentary to offer a number of observations that would probably throw some light on the muck and confusion running riot […]
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Maikanti Baru, group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says the contracting process of the group is perfect and that they would continue to follow it. Speaking on Monday when he received leaders of some unions at the NNPC headquarters in Abuja, Baru said as a former chairman of the NNPC […]
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In the midst of brewing controversy, the Nigerian National Petroleum Corporation (NNPC) has made a release today breaking silence on the recent letter written by the Minister of State for Petroleum, Dr Ibe Kachikwu to President Muhammadu Buhari. In the statement signed by the General Manager Public Affairs, Ndu Ughamadu, the group stated that the […]
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The Nigerian National Petroleum Corporation (NNPC) has denied the report that it kept funds in some commercial banks, rather than remitting into the treasury single accounts (TSA) as directed by the federal government. In a statement by Ndu Ughamadu, its group general manager, group public affairs division, the corporation described the allegation as not only […]
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The Peoples Democratic Party (PDP) has expressed shock over the silence of President Muhammadu Buhari on the petition of Ibe Kachikwu, minister of state for petroleum resources, noting that the allegations are “too grave to be swept under the carpet” Kachikwu had accused Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), […]
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Operatives of the Nigeria National Petroleum Corporation (NNPC) surveillance team on Wednesday arrested a policeman and a tanker driver who were part of a pipeline vandals syndicate reportedly using a Lagos hotel as a base. The surveillance team traced the smell of petrol to a burst pipeline which was allegedly channelled to a waiting tanker at […]
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The Nigerian National Petroleum Corporation, NNPC, has appealed to pipeline vandals to desist from destroying pipelines in the country. NNPC says it has marked its pipelines to avert vandalism and fire outbreaks to sustain the current steady supply of petroleum products nationwide. Maikanti Baru, the group managing director, NNPC, said this in Abuja on Tuesday. […]
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said the oil firm does not “see a penny” from the sale of crude oil. Baru asserted the above in response to reports, especially from the Nigeria Extractive Industries Transparency Initiative (NEITI). In its March 2017 policy brief, NEITI said by […]
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