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SUNDAY ABORISADE and LEKE BAIYEWU
Published 10 May 2021
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.
By Emmanuel Addeh
The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood at 1.42 million barrels per day in the first quarter of 2021, a document presented to the Federation Account Allocation Committee (FAAC) at its April 20-21 meeting, has shown.
The value of the crude, both export and domestic for February, was 97 per cent higher than that of January which was N134.35 billion.
Similarly, crude oil export revenue received in March amounted to $93.37 million, equivalent to N35.72 billion, representing a 204 per cent increase compared to February’s receipts.
“Nigeria maintained 1.426 million bpd OPEC production cut in 1Q21. The overall NNPC crude oil sale valued at N267.59bn (export & domestic crude) in February 2021 is 97.71 per cent higher than N134.35 billion recorded in January 2021,” NNPC stated.
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Marinho was the first and only managing director of the defunct Nigerian National Oil Corporation (NNOC), the forerunner of NNPC.
He was born on December 30, 1934 at Ijebu-Ode and attended St. Gregory’s College Obalende, Lagos. He graduated with a bachelor of science (special honours) in physics from the University of London in 1960.
He then proceeded to Imperial College, London for post-graduate studies in petroleum reservoir engineering from 1960 to 1961.
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He was also the only one who served twice as GMD of NNPC, having served from 1977-1979 and 1984-1985 respectively.
During his tenure at NNPC, he personally supervised the planning, construction and management of the three major refineries, depots and pipeline network that transverse the breadth of Nigeria.