The Management of the Nigerian National Petroleum Corporation, NNPC, on Wednesday distanced Joseph Dawha, its Group Managing Director, from the running and ownership of a Facebook account opened in his name by some persons it described as “nondescript scam artistes.” The NNPC in a statement said that the bogus Facebook account which bears a concocted…
Jonathan Appoints Deputy GMD for NNPC
President Goodluck Jonathan has approved the creation of a new office of deputy Group Managing Director, GMD for the Nigerian National Petroleum Corporation, NNPC. Announcing the development Tuesday in a statement signed by Reuben Abati, Special Adviser to the President on Media & Publicity, the presidency also announced the appointment of Bernard Otti, NNPC’s current…
The Oil Price Burden
There is anxiety about the falling price of crude oil as dwindling revenue threatens economic and social development, raising concerns over the overall health of the Nigerian economy Nigeria is groaning under falling oil price and Ngozi Okonjo-Iweala, finance minister and coordinating minister for the economy, will have a herculean task managing the country’s economy…
NNPC Decries Fake Authorization Letters
The Nigerian National Petroleum Corporation, NNPC, has decried the circulation of what it described as a fake letter of authorization to buy and or sell Nigerian crude oil. The corporation issued a statement on Monday insisting that it did not issue any such letters. Through the statement, the NNPC urged members of the public to…
NNPC Shuts Down Operations Over N85 Billion Pension Palaver
The operations of the Nigerian National Petroleum Corporation, NNPC, were shut down September 16, as angry workers stopped work over the N85 billion gap in its pension funds that led to the withdrawal of the license of the corporation’s pension scheme by regulators. The National Pension Commission, PENCOM, the custodian of the nation’s pension fund,…
Jonathan Sacks NNPC GMD, Appoints Replacement
President Goodluck Jonathan has sacked the Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu. The President sacked the NNPC boss through a statement signed by Reuben Abati, his Special Adviser on Media and Publicity. The statement added that the President has also appointed Dr Joseph Thlama Dawha as the new Group Managing…
Profile of Andrew Laah Yakubu: A Man of Service
Engineer Andrew Yakubu rose through the ranks to the zenith of his career within a space of 33 years. It is clear that Yakubu, who has had a very successful tenure as the helmsman of the Nigerian National Petroleum Corporation, derives his winning formula from his level- headedness, humility, focus and professional acumen. Everything about…
Elumelu Commends FG Over Transcorp, NNPC Contract
The Federal Government has been commended for opening the petroleum sector to local participation. Tony Elumelu, chairman, Transnational Corporation of Nigeria, Transcorp Plc, made the commendation last weekend as Transcorp and the Nigerian National Petroleum Corporation, NNPC, signed a production sharing contract for the exploration and production of OPL 281, under which officials said Transcorp…
NSCDC Clamps Down on Petrol Hoarders
The Nigeria Security and Civil Defence Corps, NSCDC, Ogun State command, has arrested some petrol attendants for selling petrol above the approved pump price. Officials of the command went round some petrol stations over the weekend, and found out that many of the stations have fuel in their underground tanks, yet claimed otherwise in…
Rallying Against Subsidy Scam
A coalition of human rights activists and non-governmental organisations has taken up the gauntlet to enforce the recovery of various huge sums of money diverted from the Federation Account It is a rare collaboration but one that has the common good of Nigerians as its sole objective. Femi Falana, fiery Lagos lawyer and counsel to…
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