Tuesday, November 24

Tag: NNPC GMD

Reps Summon Mele Kyari, Emefiele Over Non Remittance Of ₦3.24 Trillion In 2014
Politics

Reps Summon Mele Kyari, Emefiele Over Non Remittance Of ₦3.24 Trillion In 2014

The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, over non-remittance of $19.25bn (approximately N3.24tn) revenue that accrued from sales of crude oil in 2014 Chairman of the House Committee on Public Accounts, Wole Oke, issued the summons based on audit queries issued by the Office of the Auditor General of the Federation for the period. The committee had penultimate week accused the NNPC GMD of refusing to respond to an audit query issued against the corporation over alleged illegal withdrawals from the Nigerian Liquefied Natural Gas Limited’s Dividends Account, totalling of $20.3bn. Kyari, who has yet to appear before the lawmaker...
Members of a cabal were enriching themselves with susbidy payments – NNPC GMD, Mele Kyari
Politics

Members of a cabal were enriching themselves with susbidy payments – NNPC GMD, Mele Kyari

Mele Kyari, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) has alleged that members of a cabal were enriching themselves with susbidy payments before it was removed by the federal government.   Kyari who said this in an Hausa programme on Liberty FM, Kaduna, insisted that fuel subsidy was not beneficial to the masses and was removed because it was characterised by fraudulent activities.   The NNPC GMD also disclosed that the money from subsidy payment will now be channeled into projects that will have a direct impact on the masses.   Kyari said;   “The crude oil is a global commodity and its price is not hidden, everyone can calculate and know how much is the cost of every final product from the crude at the inter...
NNPC Is Constructing N21bn Infectious Disease Hospital In Katsina – GMD
News

NNPC Is Constructing N21bn Infectious Disease Hospital In Katsina – GMD

The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday laid the foundation for the construction of a 200-bed Emergency and Infectious Disease Hospital in Kaita, Katsina State. The hospital, being built at the cost of N21 billion, would provide services to patients in the OM North West zone. It is one of the 12 hospitals being constructed by the NNPC across the six geo-political zones of the country. Kyari explained that the project being executed by the NNPC, Total and other oil and Gas companies operating in the country would be completed in 18 months. The GMD explained that the N21 billon to be expended on the project would be for construction of the hospital, provision of medical facilities, logistics and support to pati...
Oil Exploration In The North Would Continue Until The Product Is Found – NNPC
News

Oil Exploration In The North Would Continue Until The Product Is Found – NNPC

Group Managing Director of the Nigeria National Petroleum Corporation, (NNPC), Dr. Maikanti Baru, has said oil exploration in the North would continue until the commodity is found. Native Reporters has learnt. Baru said this would enable the NNPC do massive appraisal of the discovery of gas reserves, made in 1999 in the region. The NNPC GMD, who was in Kaduna for the 40th edition of the Kaduna International Trade Fair, said the Corporation is working on the Kolmani River 2; with optimism and high expectation. He said President Muhammadu Buhari had personally urged the Corporation to go back to exploration on the Kolmani River 2 Well, and that drilling has been going on smoothly. He said that as at Wednesday morning, the Corporation has dug 10,075 feet deep well with a target to reach...
Petroleum Products In 40 Vessels Expected At Ports
News

Petroleum Products In 40 Vessels Expected At Ports

No fewer than 40 vessels are expected to berth at Lagos ports this week, as petroleum products takes the lead with nine tanker vessels laden with Premium Motor Spirit (PMS), otherwise known as petrol, diesel, and aviation fuel. Vessels statistics released by the Nigerian Ports Authority (NPA) at the weekend showed that some of the vessels are expected to arrive today and tomorrow. The products, which come in four vessels (petrol); four vessels (diesel), one aviation fuel and gas, are expected to bring relief to the ordeals of petroleum consumers whole have been wasting useful man-hours to queue for fuel at filling stations.   Petroleum consumers across the country are yet to heave a sigh of relief from the fuel supply brouhaha, notwithstanding the series of promises b...
You’re Harming The Economy – NNPC Chief Tells Vandals
News

You’re Harming The Economy – NNPC Chief Tells Vandals

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, has appealed to oil pipeline hackers to desist from such nefarious act which according to him is not only harmful to the environment but equally hazardous to the pipeline vandals and the economy. Speaking while receiving a delegation of the Nigerian Environmental Society who was at the NNPC Towers Abuja for a business meeting, Dr. Baru noted that the ugly incidents of petroleum pipeline pulverization presented a loss-loss scenario for the vandal, the environment and the economy. The GMD restated the commitment of the Corporation to the best industry standards in Health Safety and the Environment, (HSE) noting that the Corporation does not embark on any project without a duly certified...
The Reasons Former President Jonathan Fired Former NNPC GMD, Andrew Yakubu
News

The Reasons Former President Jonathan Fired Former NNPC GMD, Andrew Yakubu

The immediate trigger for the sudden sack of erstwhile Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, is becoming clearer more than a month after Mr. Yakubu and some other top officials of the state oil company were replaced. PREMIUM TIMES can authoritatively reveal that Mr. Yakubu, who spent two years in office, had to go after the Minister of Petroleum Resources, Diezani Alison-Madueke, accused him of insubordination over the appointment of a new Managing Director for the upstream subsidiary of the NNPC, the Nigerian Petroleum Development Company (NPDC). Mr. Yakubu, who was appointed July 1, 2012, was the fourth GMD of NNPC in the about five-year reign of the minister. This newspaper learnt that while the former NNPC boss made a case for ...