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NLNG signs GMoU with 3 Rivers communities on sustainable development
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
Sylva: FG to Scale up Domestic Gas Expansion, Monetisation Drive
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Oil firms HQ: OICs excuse of insecurity untenable, says PANDEF
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Report: NNPC Spent Over 5bn USD On Fuel Importation Outside DSDP Contract In 28 Months
Up until March 2020, when it announced an end to under recovery, the corporation had been withholding revenue from the federation account in the guise of subsidy losses.
by Kelechukwu Ogu
May 20, 2021
Within a 28-month window spanning July 2018 to October 2020, the Nigeria National Petroleum Corporation (NNPC) lifted crude worth $5.40bn beyond the Direct Sale Direct Purchase contract it has for refining its daily petroleum allocation of 445,000 barrels.
The state-owned firm executed this extra order, despite failure to lift up to 300,000 of the 445,000 daily allocation it ought to have been refining in its inactive refineries.
Abandoned reports: National Assembly’s long list of endless probes, loud hearings, dead results The Punch
Published 10 May 2021
SUNDAY ABORISADE and
LEKE BAIYEWU examine endless probes by both chambers of the National Assembly and observe that the investigations have produced few or no effects
Consecutively, Speaker of the House of Representatives, Femi Gbajabiamila, asked all ad hoc committees of the House to lay their reports by the end of April 2021. He made the announcement on April 20; reminded the concerned committees again on April 21.
Indeed, many probes have been pending – or even abandoned – by the various panels given the tasks. Yet, hardly does the House sit without resolving to carry out one investigation or the other. It is a similar case in the Senate.