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How NNPC cuts losses in four refineries by 53% to N85.75bn in 10 months
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By Obas Esiedesa
THE Nigerian National Petroleum Corporation, NNPC, has cut down losses by 53 per cent in the first 10 months of 2020, due to none production in the nation’s four refineries, according to data obtained from its October 2020 Monthly Financial and Operations Report, MFOR.
The data, obtained by Energy Vanguard, showed that the Operational Expenses, OPEX, stood at N85.75 billion in the first 10 months, thus indicating a drop of 53 per cent, compared to N122.96 billion recorded in the corresponding period of 2019.
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Leke Baiyewu, Abuja
The House of Representatives Committee on Public Accounts, on Thursday, strongly criticised the failure by the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, and heads of the corporation’s subsidiaries to appear before it.
The committee decried that it was the tenth time the officials would write to defer their appearance at its investigative hearing on the audit queries issued against them by the Office of the Auditor General of the Federation, including unaccounted proceed of oil sales amounting to about N3.9tn.
Those with queries against them are the Nigerian Petroleum Development Company Limited, Petroleum Products Marketing Company Limited, Petroleum Products Pricing Regulatory Agency, NNPC Retail Limited, National Petroleum Investment & Management Services, National Petroleum Exchange, Nigerian Gas Company, NNPC Pension Limited, Kaduna Refining and Petrochemical Company, Warri Refining and
Exorcism in the Holy Roman Catholic church is the spiritual exercise of driving away the evil spirits from a faithful possessed by the demons.
If you are a person of faith, then you must believe that good and evil do exists and the devil is that which originates evil. However, exorcism is not very popular because of how complex and dangerous it is.
Therefore, if someone who is designated as the exorcist now becomes possessed and requires exorcism to be liberated, you can then begin to imagine that dramatic scenario.
It is therefore in the above context that I intend to discuss the current President Muhammadu Buhari’s odyssey with the fight against corruption which the President has made heavy weather of embarking upon since he assumed office.