Socio-economic Rights and Accountability Project (SERAP) has sued the Nigerian National Petroleum Company Limited (NNPCL) at the Federal High Court in Abuja over its failure to explain and account for N211 trillion recorded in its 2023 audited financial statements as ‘Sundry Receivables’ and ‘Accrued Expenses.’ In the suit marked FHC/ABJ/CS/14...
•Dele Kelvin Oye A renowned economist and Chairman of the Alliance for Economic Research and Ethics Ltd/GTE, Dele Oye, has said that the federal government’s N17.5 trillion debt owed to the Nigerian National Petroleum Company Limited (NNPCL) represents a continuation of the fuel subsidy regime under a different arrangement, despite the governm...
•Oshiomhole and the Senate The Senate has formally condemned and dissociated itself from comments attributed to Senator Adams Oshiomhole describing the Nigerian National Petroleum Company Limited (NNPCL) as ‘a bunch of criminals and thieves’. According to the upper chamber, the remarks do not represent the official position, resolution, opinio...
•NNPC filling station The Federal Capital Territory (FCT) High Court in Abuja has dismissed a suit seeking to halt and restructure the renewal of Nigeria’s pipeline surveillance contract, ruling that such a move would be contrary to national economic interests. The case, filed by the Registered Trustees of the People’s Well-Being Association, ...
A civil society group, the North and South Movement for Justice, has criticised the ongoing Senate probe into the accounts of the Nigerian National Petroleum Company Limited (NNPCL), describing it as biased and politically motivated amid controversy over ₦210 trillion in flagged financial discrepancies. The group, led by Dogo Yaya, was reactin...
An enhanced gas supply deal that will ensure adequate supply to meet ongoing expansion projects by Dangote Group has been signed by the Dangote Industries Limited (DIL) and the Nigerian National Petroleum Company Limited (NNPCL). The deal saw three subsidiaries of DIL – Dangote Petroleum Refinery, Dangote Fertiliser Plant and Dangote Cement Pl...
The Nigerian National Petroleum Company Limited (NNPCL) has launched a health insurance scheme for service attendants across its petrol stations nationwide. In a statement signed by Chief Corporate Communications Officer, Andy Odeh, NNPCL said it decided to up the ante in its quest to advance workers’ welfare and improve quality of service to ...
•Mrs Sophia Mbakwe The Ohanaeze Youth Council (OYC) has moved to withdraw its petition against the appointment of Mrs Sophia Mbakwe into the NNPCL Business Services Division. It was earlier reported that a petition by the socio-cultural group which was laid on the floor of the House of Representatives by Honourable Ikenga Ugochinyere seeking t...
•Nigerian Senate The Senate has rejected the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding the ₦210 trillion outstanding against the oil firm. It came to the conclusion yesterday that the money, which had not been accounted for, must be refunded to the Federation Account by the company, reports Chan...
Justice Mohammed Umar of the Federal High Court in Abuja, yesterday, dismissed the N100 billion suit filed by Dangote Petroleum Refinery and Petrochemicals FZE against the Nigerian National Petroleum Company Limited (NNPCL) and its co-defendants over an oil import licence dispute. The court dismissed the suit following an oral application by t...
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