Tag: Nigerian National Petroleum Corporation (NNPC)

  • Two arrested as Army destroy illegal refineries in Edo 

    Two arrested as Army destroy illegal refineries in Edo 

    Two persons have been arrested by men of the 4 Brigade Nigerian Army at an illegal refinery camp at Obazagbon village in Uhunmwode local government area of Edo State.

    The large illegal refinery camp had several storage tanks for crude which was siphoned from a broken crude oil pipeline belonging to the Nigerian National Petroleum Corporation (NNPC).

    There were other pipes used for distribution of refined products to tankers parked at far places.

    Activities of the operators have caused environmental degradation in the forest.

    Over 300,000 litres of crude oil and refined products were destroyed at the camp even as the operators had fled before the soldiers arrived.

    One of those arrested was a lady who had gone to the illegal refinery with a truck load of gallons apparently to purchase diesel and kerosene.

    Commandant, 4 Brigade, Brigadier-General Ibrahim Garba, who led the operation urged NNPC management to install sensors on its oil pipelines or use Air Force helicopters for their surveillance.

    Brig-Gen Garba commended members of the public for providing information that led to the discovery of the camp.

    Garba stated that the special force put in place by the army would not tolerate the sabotage of the economy by those he termed mischievous individuals.

    He said his men would not abdicate its responsibility of ridding the state of all forms of criminal activities, economic sabotage, kidnapping, assassination and armed robbery.

  • NNPC raises alarm over fake recruitment 

    NNPC raises alarm over fake recruitment 

    The Management of the Nigerian National Petroleum Corporation (NNPC) has raised the alarm on the existence of some dubious syndicates with specialty in extorting money from unsuspecting members of the public under the pretext of a purported recruitment exercise and promise of phantom job placements in the Corporation.

    The Corporation in a release by its Group General Manager, Group Public Affairs Division, Ndu Ughmadu, said the NNPC at this time is not conducting any recruitment exercise noting that the Corporation would advertise vacant positions whenever it has need to embark on a recruitment exercise.

    Throwing more light on the method of operation of the fake job syndicate, the NNPC explained that the group deploys various means ranging from text messages, social media platforms and forged letters to invite gullible job seekers for non-existing  job interviews after ostensibly extorting money from them.

    ‘’To this end, we wish to once again appeal to members of the public, particularly unsuspecting applicants to be wary of fraudulent invitations for job interviews at the NNPC Towers. Anyone who entertains such invitations or deals with peddlers of such invitation does so at his or her own risk,’’ the NNPC stated.

    The Corporation noted that anyone contacted for the purpose of the purported recruitment other than through advertisement duly placed by the Corporation in national newspapers, should not hesitate to report such invitations to relevant law enforcement agencies.

    The statement emphasized the determination of the NNPC Management under the leadership of Dr. Maikanti Baru to sustain the prevailing gale of transparency and accountability which has witnessed the conduct of open public bidding in sourcing for contractors and suppliers of goods and services for its day-to-day operational requirements.

     

  • Court strikes out ex-NNPC boss, Yakubu’s N1b suit against EFCC, AGF

    Court strikes out ex-NNPC boss, Yakubu’s N1b suit against EFCC, AGF

    A Federal High Court in Abuja has struck out a N1billlion fundamental rights enforcement suit filed by former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu.

    Yakubu had sued the Economic and Financial Crimes Commission (EFCC) and the Attorney General of the Federation (AGF) over his detention by the former in relation to the about N3billion cash allegedly recovered in his Kaduna home.

    The ex-NNPC boss has since been arraigned on a charge filed by the EFCC and has been granted bail.

    Yakubu’s lawyer, Adeola Adedipe told the court today that, in view of the intervening circumstances, from when the case was filed and now, his client has decided to discontinue with the case.

    Adedipe noted that since his client has been properly charged to court and bail granted to him, “We considered it necessary to discontinue this action.

    “With a view to securing an order of striking out, we have filed a motion this morning, seeking the court’s leave to discontinue the case. We have served on parties,” Adedipe said.

    Lawyers to EFCC and AGF, Mrs. Rita Ogar and T. D. Agbe confirmed being served with Yakubu’s motion. They did not oppose it.

    Ruling, Justice Ahmed Mohammed struck out the case in view of the non-opposition by the respondents.

     

  • NNPC intensifies anti-corruption drive

    NNPC intensifies anti-corruption drive

    The Nigerian National Petroleum Corporation (NNPC) has pledged to strengthen the anti-graft war across its value chain to ensure efficiency and optimization of resources.

    NNPC GMD, Dr. Baru, said as an anti-corruption minded entity, the NNPC had meted out appropriate sanctions against staff found to have flouted established process and procedures.

    Baru stated this Thursday in Abuja while receiving the management of the Anti-Corruption Academy of Nigeria (ACAN), the research and training arm of the Independent Corrupt Practices and other Related Offences Tribunal, ICPC, stressing that NNPC would work with the Anti-Corruption Academy to sustain its age-long tradition in this regard.

    “We have meted out quite heavy penalties and we were also able to retire staff who flouted our process,’’ he said.

    Emphasizing the Corporation’s antecedent in the ant-graft campaign in the early twenties when he was Chairman of the NNPC Anti-corruption Committee, Dr. Baru noted that as an organization with similar aspiration as ACAN, the Corporation was open to a workable and harmonious relationship based on shared values and commitment.

    He said: “NNPC was the first agency of government to form an in-house anti-corruption committee soon after the proclamation of the ICPC Act. This action showed our commitment to transparency and openness in all what we do and it also showed our zeal to ensure our staff imbibed the culture of fighting corruption.”

    The GMD said currently the Corporation’s anti-corruption posture had been accentuated with the monthly publication of NNPC financial and operational report on national newspapers, online news portals as well as on the NNPC website.

    He explained that the principle of corporate governance has been stretched a notch higher with prompt remittances of oil and gas revenue into the Federation Account while it is also a matter of public knowledge that the Corporation has embraced fully the practice of conducting open public bid exercises in sourcing service providers and suppliers for day to day operational requirements.

    Dr. Baru said these open bid exercises were usually covered live by major television networks in the full glare of representatives of the bidding companies with officials of the Department of Petroleum Resources, DPR, Nigerian Extractive Industries Transparency Initiative, NEITI, Nigerian Content Development and Monitoring Board, NDCMB as well as members of the civil society organisations in attendance as independent assessors.

    The GMD noted that the NNPC was undergoing reforms anchored on the full activation of the 12 Business Focus Areas, BUFA, with the cardinal philosophy of engendering an efficient first class oil and gas entity with clear–eyed gaze at transparency and accountability.

    Similar sentiment was expressed by Prof. Sola Akinrinade, Provost of the Academy who indicated the readiness of ACAN to help the Corporation boost its anti-corruption quotient with apt capacity building sessions for staff and management in the subject of anti-corruption.

     

  • NNPC yet to remit $15.8b to FG account – NEITI

    The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigerian National Petroleum Corporation (NNPC) is yet to remit 15.8 billion dollars collected from Nigeria Liquefied Natural Gas (LNG) to the Federation account, in spite of the report submitted to the Federal Government.

    Mr. Peter Ogbobine, Director Legal, NEITI, told the News Agency of Nigeria (NAN) in Abuja on Tuesday that the figure was the accumulation from 2000 to 2014.

    He observed that although NEITI had presented a report to that effect to the Federal government, no action had been taken against NNPC.

    “When LNG started operating, it paid dividend to the NNPC but the corporation was claiming that it was supposed to be the owner of the shares in LNG and not the Federal Government.

    “When the LNG pays the money to the NNPC, it used some of it to run its operations.

    “But we are saying no; that this money, once it is paid to them by LNG, it should go straight to the Federation Account and it has been accumulating over the years.

    “We always bring it to the burner anywhere we go, that this money has to be remitted to the federation account,’’ Ogbobine said.

    The director, however, called on the Federal Government to compel NNPC to remit the amount into the federation account for the benefit of all Nigerians.

    NEITI is set to establish an Open Contracting Data Standard platform for procurement of goods and services, especially in the oil and gas sector.

    The initiative also ensures transparency in procurement process through the whole value chain of extractive sector, down to exploration, mining, revenue generated and how it is spent. 

  • Ex-NNPC GMD sues EFCC over forfeited cash

    Ex-NNPC GMD sues EFCC over forfeited cash

    The Economic and Financial Crimes Commission (EFCC) has been sued by former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, over a cash forfeiture order.

    The Federal High Court sitting in Kano and presided over by Justice Zainab Bage recently ruled that the embattled ex- NNPC boss should forfeit $9.8 million and 74,000 pounds recovered from his house to the Federal Government.

    Justice Bage ruled on the ex parte application filed by the EFCC.

    However, Yakubu has dragged the EFCC to a Federal High Court in Kano in his bid to quash the forfeiture order.

    Counsel to the former NNPC boss, Mr Ahmed Raji, who spoke through, Barr. Abdulkarim Kabiru Maude said his client had applied for Motion on Notice, seeking the court to dismiss the forfeiture order earlier granted to the EFCC by Justice Zainab’s court.

    The EFCC spokesperson, Kano office, Idris Nadabo, who confirmed the development, said the hearing on the matter would take place on March 7.

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  • Senate begins probe of NNPC over alleged N5.1trn subsidy fraud

    Senate begins probe of NNPC over alleged N5.1trn subsidy fraud

    The Senate has initiated probe into an alleged N5.1 trillion fuel subsidy fraud, believed to have been stolen by some Nigerians in connivance with top officials of the Nigerian National Petroleum Corporation (NNPC) between 2006 and 2016.

    At its plenary session of Wednesday, the upper legislative body alleged that the NNPC failed to remit the monies into the Federation Account.

    In a motion sponsored by Senator Dino Malaye (Kogi West), the lawmakers said some corrupt Nigerian were hiding the funds in caskets, uncompleted buildings and in remote villages in different parts of the country.

    “Monies are not accounted for and that might be the reason why we now see petro-dollars buried in caskets and uncompleted buildings in remote villages in some parts of the country”, Melaye said.

    Melaye drew the attention of the Senate to the continued refusal of the Federal Government to probe the NNPC, which he said got 51 percent share of imported petroleum products into the country.

    Petroleum product marketers, some of who are currently facing trial over alleged subsidy fraud, are responsible for the remaining 49 percent of the importation of the products.

    The senator observed that it was the Senate President, Dr. Bukola Saraki, that raised the alarm over subsidy fraud in the Seventh Senate, wondering why the government is trying only the marketers, leaving the NNPC off the hook.

    Said he, “While we are prosecuting the independent marketers whose proceeds from subsidy stood at N3.83 trillion, the NNPC collected a total of N5.1 trillion on subsidy and this has never been investigated.

    “This has never been looked at and we are busy chasing independent marketers. The time to look at the books of the NNPC as regards petroleum subsidy is now.

    “We have taken the lead in the fight against corruption in this chamber and I want to say we must do everything within our powers to investigate and bring whoever is found wanting to book”.

    In his contribution, Saraki noted that the alleged subsidy fraud was a serious matter, saying that it goes to the core of the fight against corruption, particularly as it affects the NNPC.

    At the end of the debate, the Senate mandated its committee on Petroleum (Downstream) to investigate the NNPC’s accounts relating to fuel subsidy and the abuse of product marketing and distribution between 2006 and 2016.

    Saraki said, “A situation where individuals do what they like and are not accountable to anybody should be stopped. The committee should do a thorough job and ensure that they get to the root of this issue. It borders on the issue of corruption which has been affecting the country negatively”.

  • $9.7m: Can’t one keep his earnings at home – Southern Kaduna

    $9.7m: Can’t one keep his earnings at home – Southern Kaduna

    A group, Southern Kaduna Coaltion of Professionals (SKCOP) Friday lambasted the Economic and Financial Crime Commission (EFCC), for the continues detention of former Group Managing Director, GMD, of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu, after they claimed that the man has met all the bail conditions set for him.

    The group also said that the EFCC was selective in its anti-corruption crusade challenging it to also parade the others which it claimed huge sums of stolen monies have been recovered from.

    The statement which was signed by its General Secretary Mr. Haliu Sagamu Jaspar (JP) and made available to the Press in Kaduna reads in part: “The Nigerian society is awash with news of a cache of foreign currency that includes “humongous” amounts of US dollars and Pounds sterling  of which the former Group Managing Director (GMD) of NNPC Engr. Any Yakubu, has since admitted being the owner. The said amount is put at $9.7 million and £74,000 found in a safe in property belonging to the man who has served the NNPC for 35 years, rising to be its GMD.

    “While we await to see if a court of law can establish if the said amount found in his home is a proceed of crime, or whether there is indeed a law that forbids anyone from keeping his earnings at home, we suspect that the deliberate negative publicity the EFCC is generating over his arrest and its failure to release him from their detention  after meeting his bail conditions, is more vindictive and political than fighting corruption.

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    “We want to state that the desperate attempts to rubbish Andy Yakubu, (the Iyan of Atyap Chiefdom) by those who think that a man from Southern Kaduna has no business becoming the GMD of NNPC started right when he was in office.

    “In 20014, the then CBN governor Sanusi Lamido Sanusi, raised a bogus alarm that under the watch of Andy Yakubu, $48.9 billion had gone missing at the NNPC. When pressed further, he said it was actually $20 billion. The Senate took the matter very serious and instituted its own probe into the clearly silly allegation. An audit firm of global repute, PriceWaterHouseCoopers was brought in by the federal government. After a forensic investigation, the firm said no such monies were ever missing.

    “Still bent on disgracing the only person from the Middle Belt to ever occupy that position after rising from the ranks, Andy Yakubu was in UK  in June last year, when the EFCC invited him.  With his conscience clean and clear he arrived Nigeria just for the EFCC to clamp him in detention over an alleged criminality in an NNPC subsidiary – (NPDC)  –  after Yakubu has left office. With nothing to link him to any crime, the EFCC humiliated him for days before admitting before Justice Binta Nyako of Federal High Cout Abuja that the man was an innocent man. That the suspects were former Minister of Petroleum Mrs Allison Maduekwe – still hiding in London and Jide Aluko, who lives a lavish lifestyle in the US and is a fugitive of the law in Nigeria. Other still in court over the alleged multi-billion dollar crude oil deal were: Jide Omokore, Victor Briggs, Abiye Membere, David Mbanefo, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited.

    Andrew Laah Yakubu, before he ascended the top slot as GMD of NNPC‎- had held high profile and very sensitive positions – ranging from Head of NNPC London Office. He was Managing Director, Warri Petrochemical Refinery and was promoted Executive Director, Exploration and Production, a position next to that of the GMD of the NNPC. When the post of the boss of NNPC became vacant, he was the most qualified to became the GMD.

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    “So it was by the din of his handwork, integrity and intelligence that he became GMD, through the goodwill of then President Goodluck Jonathan.  For anyone to think that such a man, both in earnings, savings and goodwill cannot have the amount found in his house is to express his ignorance on how much even mid-cadre managers of the NNPC earn yearly.

    “A man who had solved the problems of perennial fuel queues during his time, tamed the militancy against oil installations and took Nigeria daily crude output to an all-time high of  2.5 million does not deserve this harassment.

    “Why are people who have been indicted in some high-level corruption not been so disparaged by the EFCC? It is simply because they are Hausa/Fulani?

    “Never, have we heard of someone, who is already, safely outside the Country willingly fly back and face opprobrium and humiliation, except Andy Yakubu.

    “Ahmed Gambo Saleh, a Registrar of the Supreme Court, now promoted to as the Executive Secretary of the Nigeria Judicial Commission, NJC,  has been arraigned for corruption without this kind of deliberate destruction of his personality by the EFCC.

    Col Lawal Jaafaru Isa (rtd) military governor of  Kaduna State was also charged for illegally taking N200m from the former National Adviser, Col. Sambo Dasuki (rtd), the man is walking as free as anyone. The Erstwhile Custom Comptroller General Abdullahi Dikko also was alleged to have helped himself to billions of Naira, the EFCC did not see him.

    “We are therefore beginning to feel that this is a concerted and well-orchestrated plan to pull down our illustrious son and sacrifice him to the dogs as a means of weakening the strong among us ahead 2019 general elections.

    “This is unacceptable and we say this with a loud voice that we are alaw-abidingg people and will remain so. But it will be height of cowardice and naivety to endeavor playing the politically correct card of keeping mute as our own is being sacrificed on the altar of a dubious corruption war.

    “Our stand: That Andy Yakubu on his own flew to the country from the US to defend his honour and how he earned the money shows that he was sure of himself if the law would be judiciously applied to his case.

    “The EFCC should free Andy Yakubu having fulfilled his bail conditions and the said amount temporarily forfeited to the Federal government.

    “Keeping him in detention for almost two weeks despite the above  is a means of psychologically tormenting him and for the public to prolong their odium on his person, without giving him a chance to state his own side of the story.

    “If Andy Yakubu is not being persecuted because he comes from Southern Kaduna and the Middle Belt, we challenge the EFCC to also parade all the people it claims to have recovered humongous sums of money from. Failure to so would mean the agency is lying, or has two sets of law for two kinds of Nigerians.

    “We demand that this animal farm doctrine of putting some ahead of others desist immediately. We therefore call for full disclosure of persons found culpable and wanting.

    “We ask that persons, companies fronted and proxies connected directly or indirectly to any such matters be released.

    “And Yakubu should be charged to court as stipulated by the constitution of the Federal Republic of Nigeria so that he can defend himself.

    “Enough of this parody of justice in which the EFCC is the accuser, the judge and the jailer.”

  • FG crude export increases to $195.40m in December 2016

    The total sale of crude oil that the Nigerian National Petroleum Corporation (NNPC) exported in December 2016 increased by $20.22million to hit $195.40million.

    The corporation disclosed this in its monthly financial and operational reports of December last 2016, stressing that “A total export sale of $195.40 million was recorded in December, 2016. This is $20.22 million higher than the preceding month’s performance. Crude oil export sales contributed $100.37million (or 51.36%) of the dollar transactions compared with $96.31Million contribution in the previous month.”

    According to the report that the corporation posted on its website yesterday,  the export gas sales amounted to $ 95.04 million in the month. January – December 2016 Crude Oil and Gas transactions indicate that Crude Oil & Gas worth $2,445,451.64million was exported.

    The report noted that the Domestic Crude Oil and Gas receipt during the month amounted to N58.21 billion, consisting of N5.11billion from Domestic Gas and the sum of N53.10 billion from Domestic Crude Oil. Out of the Naira receipt, the sum of N25.86 Billion (N18.16 Billion out of N53.10 Billion and NNPC augmentation of N7.70billion) was transferred to Joint Venture Cash Call (JVCC) being a first line charge and to guarantee continuous flow of revenue stream to Federation Account.

    Continuing, the reported said that “NNPC transferred the sum of N34.93 Billion into Federation Account during the month under review from the net domestic crude oil receipt and N5.11Billion from Gas receipts.

    “Also, the 29th installment of the refund to FG of N6.33Billion was transferred. In 2016, Federation, JV, and FG received the sum N653.06Billion, N355.17 Billion and N75.96 Billion respectively.”

    NNPC said that its group operating revenue for the months of November and December 2016 were ₦187.750billion and ₦206.40billion respectively.

    It added that “This represents 79.04% and 86.89% respectively of monthly budget. Similarly, operating expenditure for the same periods were ₦206.47billion and ₦223.40 billion respectively, which also represents 98.46% and 106.54% of budget for the months respectively.”

    NNPC, said the report, has been operating in a challenging environment which limits its aspiration to profitability.

    It said that overall, a trading deficit of ₦17.01 billion was recorded for the month under review as against the reported November, 2016 trading deficit of ₦18.72billion.

    The report said: “This represents a decrease of ₦1.71billion in trading deficit as against November, 2016. The marginal decrease is due to improved PPMC Coastal sales following completion of reconciliation with other marketers. Other factors that affected the overall NNPC’s performance include Force Majeure declared by SPDC as a result of the vandalized 48- inch Forcados export line after the restoration on 17th October, 2016 amongst others.”

    On federation crude oil and gas revenue, the December report explained that Federation Crude Oil and Gas lifting are broadly classified into Equity Export Crude and Domestic Crude. Both categories are lifted and marketed by NNPC and the proceeds remitted to the Federation Account.

    Equity Export receipts, after adjusting for Joint Venture (JV) Cash Calls, according to the report, are paid directly into JP Morgan Account operated by Central Bank of Nigeria (CBN). Domestic Crude Oil of 445,000bopd is allocated for Refining to meet domestic products supply. Payments are effected to Federation Account by NNPC after adjusting crude & product losses and pipeline repairs & management cost incurred during the period.

    The report reads in part: “NNPC also lift Crude Oil and Gas, other than Equity and Domestic Crude Oil, on behalf of DPR and FIRS proceeds of which are remitted into Federation Account.

    “The Third Party finance lifting are Crude Oil and Gas from fields that are financed using alternative finance/loan facility which require the servicing of debt obligations before remitting the balance to Federation Account as Price Balance as shown below:

    “Total export proceeds of $175.04 million were recorded in December 2016 as receipt against $162.40 Million in November 2016. Contribution from Crude oil amounted to $97.87 Million while Gas and miscellaneous receipt stood at $77.16 Million and $0.015 Million. The total export proceeds was remitted to fund the JV cash Call for the month of December 2016 to guarantee current and future production.

    “Total export crude Oil & Gas receipt for the period of January, 2016 – December, 2016 stood at $2.40 Billion. Out of which the sum of $ 2.33 Billion was transferred to JV Cash Call in line with 2016 Approved Budget (See Table & Chart 6.3.1) and the balance of $0.073Billion was paid to Federation Account. However, this JVCC amount falls short of the 2016 Appropriated amount of $.8.55Billion (See Table & Chart 6.3.1). This is due to twin effect of production disruption in Niger-Delta and low Crude Oil prices during the year.”

  • NNPC resumes loading of petroleum products nationwide

    NNPC resumes loading of petroleum products nationwide

    Mr Ndu Ughamadu, the Group General Manager, Group Public Affairs Division, the Nigerian National Petroleum Corporation (NNPC), says the corporation has resumed loading of petroleum products in all its depots nationwide.

    Ughamadu made the disclosure in a statement on Saturday in Abuja.

    He said that the resumption of activities at the depots across the country followed the suspension of the strike by the National Union of Petroleum and Natural Gas Workers,(NUPENG).

    He further said that the current petroleum products, stocked for supply by the corporation, would be sufficient for over 37 days.

    According to him, with the resumption in production of diesel and kerosene by the nation’s three refineries, Nigerians can be assured that the current seamless flow of petroleum products will be sustained.

    The Group General Manager, Group Public Affairs further assured Nigerians that NNPC would sustain the prevailing harmonious relations with industrial unions.

    He, therefore, called on Nigerians not to engage in panic buying, promising that there was adequate supply of petroleum products nationwide.

    Ughamadu also called on members of the public and stakeholders to refrain from any act capable of impeding the supply and distribution of petroleum products in the country.