Tag Archives: NNPC

Atiku Vows to Privatise NNPC, Says It Is a ‘Mafia Organisation’

  The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, said on Wednesday that he would privatise the Nigerian National Petroleum Corporation (NNPC) if elected, describing the state-owned oil firm as a “mafia organisation.” Atiku was quoted  saying at an interactive session with the business community in Lagos that he would take the step…

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No Whistle-Blower Will Get 5% Of Our Money – NNPC Denies Hiding Recovered Billions

The Nigerian National Petroleum Corporation (NNPC), has said it will resist any attempt to pay five per cent of its funds found in any commercial bank to whistle-blowers. NNPC General Manager, Public Affairs, Ndu Ughamadu, disclosed this in a statement on Friday, 21st of September. The Police had said it recovered $470.5m and N8bn allegedly…

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Oil Marketers Beg FG For Incentive, Agrees To Continue Sale Of Petrol At N145

Oil marketers on Wednesday agreed with the Federal Government to continue sale of petrol at the price of N145 per litre, reversing their former stance on the pricing of the commodity. On Tuesday, Dapo Abiodun who is the Chairman, Depot and Petroleum Products Marketers Association, stated that marketers could no longer import petrol at the…

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Oil Marketers Reveal Current Fuel Price – N145 – Is No Longer Suitable For Them

Oil marketers have revealed the current price of Premium Motor Spirit (PMS) – N145 per litre, is no longer suitable for them. This was disclosed on Tuesday during a meeting with top government officials at the presidential villa in Abuja. The meeting was presided over by the Chief of Staff to the President, Abba Kyari,…

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NNPC Says its Intensifying Efforts to Flood Market with Products

The Nigerian National Petroleum Corporation (NNPC) has release a press releases saying it is intensifying efforts to flood the market with products. The release reads: The Nigerian National Petroleum Corporation (NNPC) has intensified efforts to flood the market with Premium Motor Spirit (PMS), otherwise called petrol, and other products. Already, six major marketers: Total, Forte…

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Osinbajo Admits Approving Joint Venture Financing Contracts For NNPC

The Vice President, Prof. Yemi Osinbajo on Thursday admitted approving the Nigerian National Petroleum Corporation, NNPC, joint venture financing contracts as disclosed by the state oil company. The Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, confirmed this in a series of tweets on his confirmed Twitter handle, @akandeoj.…

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NNPC Scandal: Baru Breaks Silence, Says No Law Mandates Him To Discuss Contracts With Kachikwu

The Nigerian National Petroleum Corporation, NNPC, on Monday responded to content of the leaked memo written by the Minister of State for Petroleum Resources, Ibe Kachikwu, to President Muhammadu Buhari, dismissing most of his allegations as false. In a detailed statement signed by NNPC’s Group General Manager in charge of Group Public Affairs Division, Ndu…

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Benedict Peters Aiteo Group Denies Bribing Diezani with England Property for NNPC Contracts

Oil and gas company, Aiteo Group has denied the report that its Executive Vice Chairman, EVC, Mr Benedict Peters, bought property in England and luxury furnishings for the former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke in return for contracts from the Nigerian National Petroleum Corporation, NNPC. Stating that the interaction between it and the…

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