Tag Archives: NNPC

#EndSARS: Anonymous takes down NNPC, Lagos State Govt, NCDC websites

In addition to the government owned websites it had pulled off the radar, notorious hacker Anonymous has yanked off the websites of the Nigerian National Petroleum Corporation (NNPC), the Lagos State Government and National Centre for Disease Control (NCDC).

Anonymous accused them of corruption in its announcement tweets.

More details to follow.

How NNPC Staff Sold 48 Million Barrels Of Stolen Crude Oil, Issued Death Threats To Whistleblower

Facts have emerged on how some Nigerian Government officials and senior Nigerian National Petroleum Corporations staff connived to sell 48 million barrels of Bonny Light crude oil stolen from the country during the first year of President Muhammadu Buhari’s first term in office in 2015.

The stolen crude was moved to China where it was stored in various ports and terminals including Sinochem tanks in Zhoushan bonded area and Vishal star tanks.

Potential buyers were from that point contacted for the stolen product by the Nigerian Government officials including a company that eventually blew the whistle on the monumental fraud.

Realising that the crude was stolen, SAMANO SA DE CV brought to the Nigerian Government’s attention the criminal activity involving the NNPC, according to documents seen by SaharaReporters.

Group Managing Director of the NNPC, Mr Mele Kyari, late Chief of Staff to President Buhari, Abba Kyari, and Mr Umar Mohammed were all promptly notified of the stolen crude in order to take appropriate action.

However, a letter written by the whistleblower to the President was prevented from getting to him by Mohammed.

In October 2015, the stolen crude was moved from China without the knowledge of President Buhari and sold illegally by some government and NNPC officials with the proceeds not remitted to the government’s coffers.

When the whistleblower pushed for its agreed five per cent cut of the sale of the crude for exposing the theft, its officials were harassed and issued death threats.

Several efforts for compensation by the whistleblower continues to be frustrated by government officials, who were part of the illegal deal and economic sabotage.

The whistleblower in a letter by its lawyer, Gboyega Oyewole of Lord and Temple, a United Kingdom-based law firm, dated July 23, 2020 to the NNPC GMD has demanded for the company’s compensation for helping to expose the criminal activity.

The whistleblower policy, an anti-corruption programme launched in 2016 by the Nigerian Government, encourages individuals to report cases of financial mismanagement or stolen funds in return for a share of the recovered item if the information provided turns out to be credible.

The letter reads, “Our client was approached by a group in the Peoples’ Republic of Chinas with the intent to sell 48 million barrels of Bonny Light Crude Oil believed to have been stolen from the Federal Republic of Nigeria and stored in various ports and terminals in China.

“It was revealed to our client that the Nigerian National Petroleum Corporations authorised certain companies to sell the stolen product.

“It was agreed that an investigation into the stolen products should be made to ascertain the veracity of the information and gather more facts as to the fraudulent activities. It was also agreed that if the information is found credible, the perpetrators of the offensive will be apprehended and that compensation due to our client for the information so brought forward will be awarded.

“In October 2015, our client got wind of the fact that the stolen products were being moved from their location in China by the Nigerian Government in calculated steps to recover the said products. Our client then caused a letter to be written to Mr Mele Kyari, through Mr. Marco Ramirez, offering to legally purchase the said products from the Nigerian Government if available for sale.

“Our client through its representative subsequently wrote to Mr Umar Mohammed clarifying its intention to the criminal activity in respect to the stolen products and not to make illegal purchases of the same.

“To date, our client has unfortunately not received any form of compensation for the information provided to the Nigerian Government in respect of the stolen products and or response to its offer to legally purchase the same when recovered.

“The upright act of reporting the criminal activity to appropriate quarters was not protected by the expected confidential nature of the policy, thereby exposing officials of our client to serious consequences including threat to life.”

The whistleblower’s lawyer further revealed that Minister of Niger Delta Affairs, Godswill Akpabio, and former Director-General of the Department of State Services, Lawal Daura, were contacted to help get its compensation but nothing tangible surfaced.

The company has now threatened to take legal action against the NNPC if after 14 days from the date of the receipt of the letter the demand was not met.

Sahara Reporters

BREAKING: Petrol Price Further Crashes To N108 Per Litre

The Nigerian National Petroleum Corporation (NNPC) yesterday declared a decrease in the ex-warehouse cost of petroleum from N113.28k per liter to N108 per liter over the entirety of its items stacking offices just as in its throughput activities.

According to the announcement, Nigerians will now buy the product at a reduced price of one hundred Naira (N108.00) per litre.

The company in the announcement made yesterday in Abuja by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, cited the Managing Director of the Petroleum Products Marketing Company (PPMC), Mr. Musa Lawan, as saying that the new ex-warehouse cost of petroleum mirrors the organization’s market procedure to make more deals while consenting to the Petroleum Products Pricing Regulatory Agency’s (PPPRA) value format.

Lawan clarified that the new value system would empower PPMC to help its business volumes from the billions of liters of petroleum it has away while giving reasonable cost to a huge number of clients.

He said the new cost was shown up at after broad survey of market real factors by the PPMC inward value audit unit.

The PPMC boss revealed that Automotive Gas Oil (AGO), is being now deregulated, its costs are dictated by market forces.

NNPC had on March 19, 2020 declared an audit of its petroleum ex-beach front, ex-station and NNPC Retail siphon costs, accordingly compelling March 19, 2020, the partnership’s ex-waterfront cost for petroleum was assessed downwards from N117.6/liter to N99.44/liter, while ex-warehouse cost was diminished from N133.28/liter to N113.28/liter.

Kyari Emerges NNPC GMD, As Buhari Appoints 7 New Operating Officers

President Muhammadu Buhari has appointed Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation. He succeeds Dr. Baru Maikanti, the Organisation’s 18th CEO.
A statement on Thursday in Abuja by the NNPC Group General Manager, Group Public Affairs, Ndu Ughamadu, disclosed that President Buhari also appointed alongside Kyari seven new Chief Operating Officers.

Until his new appointment, Kyari, a geologist, was Group General Manager, Crude Oil Marketing Division of NNPC and also doubled, since May 13, 2018, as Nigeria’s National Representative to the Organization of the Petroleum Exporting Countries.

Buhari, according to the statement, has directed that the New GMD and the newly appointed Chief Operating Officers work with the current occupiers of the various offices till July 7, 2019 towards a smooth transition on July 8, 2019 when their appointments would take effect to ensure a smooth transition.

However, the appointment of Farouk Garba Said (North West), who is replacing a retiring Chief Operating Officer, is effective from June 28, 2019.

The newly appointed Chief Operating Officers are:

Roland Onoriode Ewubare (South-South) – Chief Operating Officer, Upstream.

Engr. Mustapha Yinusa Yakubu (North Central) – Chief Operating Officer Refining and Petrochemicals

Engr. Yusuf Usman (North East) – Chief Operating Officer, Gas and Power

Lawrencia Nwadiabuwa Ndupu (South East), Chief Operating Officer Ventures

Umar Isa Ajiya (North West) – Chief Financial Officer

Engr. Adeyemi Adetunji (South West) – Chief Operating Officer, Downstream and

Farouk Garba Said (North West) – Chief Operating Officer, Corporate Services.

Ughamadu stated in the release that NNPC Group Managing Director, Dr. Maikanti Baru, had congratulated the new appointees.

Mallam Kyari is a quintessential crude oil marketer with prerequisite certification and outfield pedigree in Petroleum Economics and crude oil and gas trading.

In the last 27 years he had traversed the entire value chain of the Petroleum Industry, with exceptional records of performance.

Under his watch, the Crude Oil Marketing Division has recorded noticeable transformation in the management and sales of the various Nigeria’s crude oil grades via an infusion of transparency and automation of the processes, the release by the NNPC spokesperson, stated.

Kyari would be the 19th Group Managing Director of the National Oil Company.

BREAKING NEWS: Buhari replaces Kachikwu with Maikanti Baru as new NNPC GMD

Dr. Ibe Kachikwu has reportedly been replaced as GMD of the Nigerian National Petroleum Corporation (NNPC).

An unconfirmed source reported that the Presidency has approved the Group Managing Director of the Corporation, Mr Maikanti Baru as his replacement.

Meanwhile, Ibe Kachikwu retains his seat as the Minister of State for Petroleum Resources. More details as soon as it is confirmed.

Credit: African Spotlight

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