The Nigerian National Petroleum Company Limited (NNPCL) says it is close to achieving 100 per cent crude oil production capacity, following strengthened collaboration with security and intelligence agencies. Group Chief Executive Officer, Mr. Bayo Ojulari, announced this on Monday at the opening of the maiden African Chiefs of Defence Staff Summit in Abuja. He said…
Mr Yusuf Usman, a Director at the Nigerian National Petroleum Company Ltd (NNPCL), says the company has drilled four oil wells in the Kolmani area of Bauchi State. He also restated commitment of the company to the exploration and development of oil and gas resources in the northern region of the country. Usman said this…
The Senate Committee on Public Accounts has given the Nigerian National Petroleum Company Limited (NNPCL) a three-week deadline to respond to 19 audit queries relating to N210 trillion in unaccounted funds covering the financial years 2017 to 2023. The audit queries, according to the News Agency of Nigeria (NAN), stem from reports issued by the…
The National Chairman of Action Democratic Party (ADP), Alhaji Yabagi Sani, on Sunday said that the removal of a former Group Managing Director of Nigerian National Petroleum Company Limited (NNPCL), Mele Kayri, by President Bola Tinubu was long overdue. Sani, a former staff member of the defunct Nigeria National Petroleum Corporation (NNPC), said this in…
Umar Isa, former Chief Finance Officer (CFO), Nigeria National Petroleum Company Limited (NNPCL), has denied the claim of his Monday arrest by the EFCC over alleged fraud. The former NNPCL CFO in a statement on Wednesday described his purported arrest over alleged 7.2 billion dollars fraud by the Economic and Financial Crimes Commission (EFCC) as…
Eight persons were on Wednesday arraigned before an Iyaganku Chief Magistrates’ Court over alleged stealing of iron pole valued at N95,000, property of Nigeria National Petroleum Corporation Limited (NNPCL). The defendants were: Ismaila Akorede, 35; Ogundeji Eri, 17; Emiola Paul, 41; Oladejo Adisa, 20; Aremu Oladejo, 25; Oladiran Sola, 24; Ademola Joshua, 28 and Kareem…
The Federal High Court (FHC) in Abuja on Tuesday, dismissed the Nigeria National Petroleum Company Limited (NNPCL)’s objection against a suit filed by the Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute. Justice Inyang Ekwo in a ruling, dismissed the objection on the grounds that the application was incompetent. Justice Ekwo held…
Malam Mele Kyari, Group Chief Executive Officer of the Nigeria National Petroleum Company (NNPCL), has reiterated the company’s commitment to strengthening collaboration with stakeholders in the oil and gas sector. He said this on Monday at the ongoing Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos. The theme of the conference is “Building…
A Federal High Court in Abuja on Wednesday, fixed March 18 for ruling on the Nigeria National Petroleum Company Limited (NNPCL)’s preliminary objection against a suit filed by the Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute. Justice Inyang Ekwo fixed the date after counsel to the NNPCL,, Ademola Abimbola, SAN, and…
