The Governor of Akwa Ibom State, Godswill Akpabio, has asked the federal government to carry out a major audit of the Nigerian National Petroleum Corporation (NNPC) to appropriately tackle corruption in the country. Mr. Akpabio who spoke at the Independent Corrupt Practices and other Related Offences Commission (ICPC) governor’s forum in Abuja, noted that the mystery and secrecy in the nation’s oil corporat ...

Fourteen casual workers of the Nigerian National Petroleum Corporation (NNPC) accused of vandalising petroleum pipes to siphon crude oil for sales to foreigners have been sent to Kuje Prison on remand. The defendants arrested by a unit of the Guards of Brigade of the Nigerian Army with 14 tankers loaded with crude oil were sent to the prison by Justice Evon Chukwu after the federal government put them on tr ...

The House of Representatives said that next week they will investigate deals in which the Nigerian National Petroleum Corporation (NNPC) gave two local firms with no previous operating experience the rights to make potentially billions of dollars from oilfields without competitive bidding. Local activists raised the issue with the parliament last week, while NNPC has denied any wrongdoing. "We have invited ...

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Andrew Yakubu has shunned the invitation of the House of Representatives. The house committee on finance had invited the NNPC GMD and the Nigerian Liquefied Natural Gas (NLNG) to appear before the committee unfailingly on Tuesday 19 March to come and explain why the NNPC did not remit N6 trillion it generated between 2009 and ...

The Senate on Tuesday finally began the debate on the Petroleum Industry Bill (PIB). The bill was supposed to have been debated in December 2012 before lawmakers went on Christmas holidays but was stood down as soon as the motion was moved by the Senate leader, Victor Ndoma-Egbe. The bill was sent to the National Assembly last year by President Goodluck Jonathan and the lawmakers gazetted it immediately to ...

The Nigerian National Petroleum Corp (NNPC) has told lawmakers at the National Assembly that any move to block its deals to finance payment of $3.5 billion owed to fuel traders could expose the country’s economy to a sovereign credit downgrade or a banking crisis. Major oil trading houses including Vitol, Glencore, Trafigura and Mercuria are owed millions of dollars by Nigeria for fuel deliveries, according ...

The Minister of Petroleum Resources, Diezani Allison-Madueke on Monday denied reports that the Nigeria National Petroleum Corporation (NNPC) planned to take a loan of $1.5 billion. The Minister made the denial when she appeared before the House Joint Committee on Petroleum Resources (Upstream and Downstream), Aids, Loans and Debt Management and Justice of the House of Representatives probing the proposed lo ...

 The Managing Director of the Pipelines and Products Marketing Company, Mr Haruna Momoh has given assurance that the agency is set to bring to an end the incessant vandalism of NNPC pipeline at Arepo, Ogun state. Speaking today on our breakfast programme, Sunrise, Mr Momoh disclosed that currently security agents are on ground manning the facility, and a lasting solution to the problem of vandalism will be ...

Residents of Oluwole Bisiriyu street, Ilori Coker Crescent, Kayode Williams estate and Akute-Odo, in Iju-Ishaga area of Lagos state were shocked Saturday morning when they woke up to discover that the air around their area had been polluted. The pollution led to some of the residents suffering stomach upset, nausea and cough. It was gathered that the pollution was caused by Premium motor Spirit (PMS) that w ...

The Pipelines and Product Marketing Company (PPMC) has confirmed another vandalism of the System 2B pipeline at the Arepo village in Ogun State. The latest explosion, suspected to have been caused by vandals, happened in the early hours of Wednesday. A management official of the PPMC, who preferred anonymity, confirmed this in Lagos. “The service manager of the pipeline has just confirmed to us that another ...