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NNPC concludes week with activation of PH refineries rehabilitation

By Edith Ike-Eboh & Emmanuel Afonne
Abuja, May 9, 2021 (NAN) The Minister of State for Petroleum Resources, Chief Timipre Sylva, bagged the Gas Decade personality award by the Oil and Gas Trainers Association of Nigeria (OGTAN), to mark the beginning of activities for the week at the Nigerian National Petroleum Corporation (NNPC).
The award ceremony which took place in Abuja was in recognition of the Minister’s lead role in revolutionalising and opening up the country’s gas sector.
President of OGTAN, Dr Mayowa Afe, commended Sylva’s dedication and innovation towards the Federal Government’s Gas initiatives and policies.
“We are here to acknowledge what you have done for this country. You have brought sanity to the Petroleum Industry; you have also declared Nigeria, on behalf of the President, a gas-based Nation.” ....

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Probes: Real reasons heads of MDAs, firms shun N/Assembly summons

Chief executives of government agencies and other public officials, on several occasions, shun the invitations extended to them by the National Assembly to respond to allegations levelled against them or their agencies, especially regarding their financial records.
Federal lawmakers described the disregard to their invitations by some public officials as an affront on the legislature, alleging that some heads of agencies were not ready to be accountable for their spending of public funds.
In most cases, the federal lawmakers invoke the necessary provisions of the law, including arrest warrant, to compel heads of agencies to appear before them.
Sections 88 of the 1999 Constitution as amended empowers the National Assembly to invite any person holding a public office to give account of any expenditure, or where it suspects that there is any infraction or corruption. ....

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NNPC subsidiaries get seven-day ultimatum to appear before Reps

NNPC subsidiaries get seven-day ultimatum to appear before Reps
Leke Baiyewu, Abuja
Leke Baiyewu, Abuja
Published 15 March 2021
The House of Representatives’ Committee on Public Accounts Committee has issued a seven-day ultimatum to heads of the 17 subsidiaries of the Nigerian National Petroleum Corporation to appear before it or risk being arrested by warrant of the House.
The Office of the Auditor General of the Federation had in its audit queries accused NNPC’s subsidiaries of failing to render their audited accounts over the years.
Those with queries against them include the Nigerian Petroleum Development Company Limited, Petroleum Products Marketing Company Limited, Petroleum Products Pricing Regulatory Agency and NNPC Retail Limited, National Petroleum Investment & Management Services. ....

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As NNPC's Kyari Navigates on Transparency

By Ikechukwu Okorafor
National Oil Companies (NOCs) in Africa stand on the brink of significant disruption as a new era of structurally lower oil prices challenges business models that have long relied largely on exploration and production of hydrocarbons, especially crude oil.
This scenario fundamentally puts Mallam Mele Kolo Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), on the spot. Especially so, as the unassuming geologist, whose tour of duty has traversed the entire value chain of the petroleum industry, approaches his second year anniversary on the saddle. He was appointed GMD by President Muhammadu Buhari, on 8th July 2019. ....

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Investegate |Seplat PetDevCom Plc Announcements | Seplat PetDevCom Plc: Media Publications

Media Publications
Lagos and London - 26
th February 2021:
Seplat
notes some media coverage alleging improper conduct by the Company. Whilst it is Seplat s policy not to comment on press articles, on this occasion it is deemed necessary to clarify Seplat s position on the contents of the inaccurate media coverage.

Seplat is current on its royalties to the Federal Government of Nigeria, with a record of increased royalties over a decade of successful production. Reference in the media coverage was made to the assets that are held by Seplat in joint venture partnership with the Nigerian Petroleum Development Company Limited (NPDC). These assets are OMLs 4, 38 and 41. In 2018, the ....

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