By Chineme Okafor in Abuja with agency report
• More sacks to follow in sweeping shake up
• Govt’s 113-tanker ban may hurt Nigeria’s oil revenue
The federal government yesterday approved the retirement of all eight Group Executive Directors (GED) of the Nigerian National Petroleum Corporation (NNPC), in a sweeping move expected to affect more senior executives of the state-run oil company over the next one week.
Their removal came exactly one day after the appointment of Dr. Emmanuel Ibe Kachikwu as the new Group Managing Director (GMD) of the corporation that has been bogged down by gross mismanagement and corruption.
The affected GEDs, whose retirement was with immediate effect, include Mr. Bernard Otti, GED Finance and Accounts; Dr. Timothy Okon, acting GED Exploration and Production, who also doubled as Coordinator Corporate Planning and Strategy of NNPC; Mr. Adebayo Ibirogba, GED Engineering and Technology; and Dr. David Ige, GED Gas and Power. Read More →
By Luka Binniyat
A billow of fire and thick fumes of burnt hydrocarbons to Kaduna residents is the signal that the Kaduna Refinery and Petrochemical Company, KRPC, is in operation. This is accompanied by a flurry of activities, especially heavy traffic of petrol tankers, in and around the 1.2 square mile refinery, which is unarguably the biggest government investment north of the Niger and the Benue. But, in the past 10 months, the fire has disappeared and the hustling around the refinery has also whittled down into a sober, low-level activity. Sunday Vanguard then decided to find out what is going on. The Managing Director, MD of the facility, Engr Saidu Mohammed, a 1980 graduate of chemical engineering of Ahmadu Bello University, Zaria, laughed heartily from behind his table in his cosy office at the plant last Wednesday at the notion of the disappeared fire as a sign of lack of production, when Sunday Vanguard wanted to sieve out rumours from reality.
“Don’t worry that you don’t see the usual fire billowing out smoke which makes people know that we are producing, for now, we are steaming and that is what is most important”, he said.
He continued: “Tell you what?. That fire in itself requires gas, since it is gas we usually flare. But we cannot afford to waste it at this stage, because it is the same gas that we need to burn the heaters, to fire the heaters. So is it the same gas that you want to take and go and flare? If you have problem with the heaters, what happens? So the time will come when you see the fire again”. Read More →
Popular actress, Gloria Young, is currently not a happy customer. The iconic actress was recently spotted at a bank where she created a scene and it definitely was not for a movie. Saturday Beats learnt that the actress caused commotion at the bank after it failed to refund her N20,000 which was debited since December.
When Saturday Beats reached out to the actress via the telephone, she explained why she blew a fuse in the banking hall.
“I went to use an ATM at Ejigbo, close to NNPC bus-stop in Lagos in December. I wanted to withdraw N20,000 but the machine did not dispense the money after debiting my account. I went to the second machine and it paid me. After six days without hearing a word from the bank, I went to complain. I also went to my bank to report the situation. This was in December. I have gone to them so many times to talk about it but all to no avail. Read More →
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Hajiya Zainab Shamsuna-Ahmed, on Wednesday said between 2009 and 2012, about 160 million barrels of oil valued at $13.7bn was stolen under the watch of the national oil giant, Nigerian National Petroleum Corporation.
She also said that subsidy payment from 2005 to 2012 indicated that $11.63bn had been paid to the NNPC but that “there is no evidence of the money being remitted to the federation account.”
The NEITI boss, who called on the Federal Government to privatize the refineries, stated this during a courtesy call on Governor Nasir el-Rufai, at Sir Kashim Ibrahim Government House, Kaduna, on Wednesday. Read More →
By Collins Olayinka, Abuja
SUPPLY from local refineries have received a major boost as the Port Harcourt and Warri refineries have begun preliminary production following a successful re-streaming after a nine-month phased rehabilitation exercise conducted by its in-house engineers and technicians.
The Nigerian National Petroleum Corporation (NNPC) in a statement yesterday in Abuja said that both plants have commenced preliminary production of petroleum products after successful test-runs, noting that while Port Harcourt Refinery Company PHRC, is ramping up its operation to about 60 percent of its 210, 000 barrels per day name plate capacity, Warri Refinery Petroleum Company WRPC, production is projected to hit 80 percent of its installed 125, 000 bpd capacity. Read More →
Gani Adams says his faction of the O’odua People’s Congress (OPC) will not participate in the protest against the withdrawal of the contract for the protection of NNPC Pipelines.
Adams, the National Coordinator of the pressure group, in an interview with NAN on Wednesday in Lagos said that protest would not solve the problem of the contract withdrawal.
“We had a meeting over the withdrawal of contract to protect the Nigerian National Petroleum Corporation (NNPC) pipelines.
“Dr Fredrick Fasheun, myself and some other persons were at the meeting. I want to state categorically that protest against withdrawal of the contract was not part of our discussion.
“It is a contract between us and the NNPC. The issue should not be misunderstood for something else.
“I don’t want to bring ethnicity into this matter. I don’t want people to see us in bad light.
“We read the story on this protest in the newspapers like any other person. We are not part of the protest,” Adams said.
NAN recalls that the Federal Government under President Goodluck Jonathan had in March, awarded a multi-billion Naira contract to the OPC to secure NNPC pipelines in the South-West zone of the country. Read More →
Gov. Adams Oshiomhole of Edo yesterday advised public officers and politicians to get rid of their private jets as President Muhammadu Buhari had begun blocking financial leakages in the country’s economy.
Oshiomhole made this known at a public lecture titled “Labour and the Nigerian Economy: What needs to be done” held at the University of Port Harcourt.
He said that businessmen who connived with some officials of the Nigeria National Petroleum Corporation (NNPC) to defraud the nation through subsidy claims would be probed.
“Few people (in Nigeria) are taking away so much wealth, while majority of the people are going home with almost nothing. Read More →