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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. ....

Mele Kyari , Nigerian National Petroleum Corporation , Office Of The Auditor , Petroleum Products Pricing Regulatory Agency , National Petroleum Investment Management Services , Nigerian Petroleum Development Company , Petroleum Products Marketing Company , Representative Committee , Public Accounts Committee , Auditor General , Nigerian Petroleum Development Company Limited , Petroleum Products Marketing Company Limited , National Petroleum Investment , Group Managing Director , Oluwole Oke , Treasury Single Account , Accountant General , மேலே கியாரி , நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம் , அலுவலகம் ஆஃப் தி தணிக்கையாளர் , தேசிய பெட்ரோலியம் முதலீடு மேலாண்மை சேவைகள் , நைஜீரியன் பெட்ரோலியம் வளர்ச்சி நிறுவனம் , பெட்ரோலியம் ப்ராடக்ட்ஸ் சந்தைப்படுத்தல் நிறுவனம் , பிரதிநிதி குழு , பொது கணக்குகள் குழு , தணிக்கையாளர் ஜநரல் ,

Between Labour and the opposition to deregulation


Vanguard News
Between Labour and the opposition to deregulation
On
L
ast week, the price of crude oil rallied to $66 per barrel, the highest in 13 months.   This was after oil price sank to sub-zero level in the wake of the COVID-19 pandemic in 2020. Ordinarily, for a country like Nigeria that is heavily dependent on revenues from oil, the price rally ought to be good news as it portends more money for the government to provide social amenities for the welfare of the citizens.
But the cheery news of oil price rally is dampened by the prospect of a rise in the pump price of petrol. In March 2020, the Federal Government finally took the bull by the horns and deregulated the downstream by taking advantage of the low oil prices induced by the COVID-19 pandemic. ....

Olu Tayo , Edo State , Adetunji Oyebanji , Mustapha Chike , Timipre Sylva , Zainab Ahmed , Adams Oshiomhole , Mele Kyari , Financial Derivatives Company , Petroleum Resources , Nigerian Upstream Cost Optimisation Programme , National Planning , Fidelity Bank Plc , Petroleum Products Marketing Company , Asset Management Corporation Of Nigeria , Nigerian National Petroleum Corporation , Petroleum Product Pricing Regulatory Authority , Major Oil Marketers Association Of Nigeria , Kindly Share This Story , Federal Government , Chief Timipre Sylva , Group Managing Director , Mallam Mele Kyari , State Police , Chief Executive Officer , Financial Derivatives Company Limited ,