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Report: NNPC Spent Over 5bn USD On Fuel Importation Outside DSDP Contract In 28 Months


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. ....

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SARM convention taking place virtually this week


 
The annual Saskatchewan Association of Rural Municipalities (SARM) convention is taking place online on March 9 to 10.
 
When the convention debates resolutions on Tuesday afternoon there is one from the RM of South Qu Appelle regarding the name change of the Saskatchewan Urban Municipalities Association, which represents the province’s cities, towns and villages, to Municipalities of Saskatchewan.
 
The resolution asks SARM to lobby the province to put an immediate stop to this “misuse of the term Municipalities of Saskatchewan as their legal identity.”
 
“The intended outcome is for the immediate stop to this misuse of the term “Municipalities of Saskatchewan” as their legal entity. ....

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