#Nigerian Petroleum Development Company (NPDC)

[lagmennet]

NNPC Plc Graduate Trainee Programme 2024 – Nationwide

The Nigerian National Petroleum Corporation (NNPC) is the state oil company founded on April 1, 1977. In addition to its exploration efforts, the Corporation was granted authority and operational interests in refining, petrochemicals, product transportation, and marketing. Currently, the subsidiary firms include the Nigerian Petroleum Development Company (NPDC). The Nigeria Gas Company (NGC) The…

[crimechannels]

By • Olalekan Fagbade Probe missing $15billion, N200billion of oil revenues now, Group tells President Tinubu The Socio-Economic Rights and Accountability Project (SERAP) has asked President Bola Tinubu to probe the alleged disappearance of US$15 billion of oil revenues, and N200 billion budgeted to repair the refineries between 2020 and 2021, as documented by the Nigeria Extractive Industries Transparency Initiative (NEITI). As contained in a letter issued on Saturday and signed by its deputy director, Kolawole Oluwadare, the organization urged the president to set up a presidential panel of enquiry to carry out the probe promptly. The organization said the president should not hesitate to “name and shame anyone suspected to be responsible for the missing and unaccounted for public funds and to ensure their effective prosecution as well as the full recovery of any proceeds of crime. According to the organisation, President Tinubu should "fully implement all the recommendations by NEITI in its 2021 report, and use any recovered proceeds of crime." “There is a legitimate public interest in ensuring justice and accountability for these serious allegations. Taking these important measures would end the impunity of perpetrators," the organization stated. “As President and Minister of Petroleum Resources, your office ought to be concerned about these damning revelations, by getting to the bottom of the allegations and ensuring that suspected perpetrators are promptly brought to justice, and any missing public funds fully recovered.” "Any failure to investigate these grave allegations, bring suspected perpetrators to justice and recover any missing public funds would have serious resource allocation and exacerbate the country’s debt burden.” “It would also create cynicism, suspicion, and eventually citizens’ distrust about the ability of your government to combat high-level official corruption, as well as deter foreign investment and limit growth and development.” “We would therefore be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government to comply with our request in the public interest," the organization said. “The findings by NEITI suggest a grave violation of the public trust and the provisions of the Nigerian Constitution 1999 [as amended], national anticorruption laws, and the country’s obligations under the UN Convention against Corruption.” “The allegations of corruption documented by NEITI undermine economic development of the country, trap the majority of Nigerians in poverty and deprive them of opportunities.” “Your government has a constitutional duty to ensure transparency and accountability in the spending of the country’s wealth and resources," it added. The letter of the organization further reads: “According to the 2021 report by the Nigeria Extractive Industries Transparency Initiative (NEITI), government agencies including the Nigerian Petroleum Development Company (NNPC) and the Nigerian Upstream Petroleum Regulatory Commission (NPDC) failed to remit $13.591 million and $8.251 billion to the public treasury.” “The NNPC and NPDC failed to remit over 70% of these public funds. NEITI wants both the NNPC and NPDC to be investigated, and for the missing public funds to be fully recovered.” “The report also shows that in 2021, the State Owned Enterprises (SOE) and its subsidiaries (the NNPC Group) reportedly spent US$6.931billion on behalf of the Federal Government but without appropriation by the National Assembly. The money may be missing.” “The NNPC also reportedly obtained a loan of $3 billion in 2012 purportedly to settle subsidy payments due to petroleum product marketers but there is no disclosure of the details of the loan, subsidy and the beneficiaries of the payments.” “The report also shows that N9.

73 billion was paid to the NNPC as pipeline transportation revenue earned from Joint Venture operations but the money was neither remitted to the Federation nor properly accounted for. The NPDC in 2021 also failed to remit $7.61 million realized from the sale of crude oil.” “The report documents that about N200 billion was spent on refineries rehabilitation between 2020 and 2021 but “none of the refineries was operational in 2021 despite the spending.’ NEITI wants the spending to be investigated, as the money may be missing.” “Section 13 of the Nigerian Constitution 1999 [as amended] imposes clear responsibility on your government to conform to, observe and apply the provisions of Chapter 2 of the constitution. Section 15(5) imposes the responsibility on your government to ‘abolish all corrupt practices and abuse of power’ in the country.” “Under Section 16(1) of the Constitution, your government has a responsibility to ‘secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity.’” “Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’” “Similarly, articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on your government to ensure proper management of public affairs and public funds, and to promote sound and transparent administration of public affairs.” “The UN Convention against Corruption and the African Union Convention on Preventing and Combating Corruption to which Nigeria is a state party obligate your government to effectively prevent and investigate the plundering of the country’s wealth and natural resources and hold public officials and non-state actors to account for any violations.” “Specifically, article 26 of the UN convention requires your government to ensure ‘effective, proportionate and dissuasive sanctions’ including criminal and non-criminal sanctions, in cases of grand corruption.” “Article 26 complements the more general requirement of article 30, paragraph 1, that sanctions must take into account the gravity of the corruption allegations.” “Nigeria is also a participating state of the Extractive Industries Transparency Initiative (EITI), which aims to foster greater governmental accountability for the use of natural resource wealth through the creation of a set of international norms on revenue transparency.” “EITI also aims to tackle corruption, poverty and conflict associated with natural resource wealth. Nigeria has the obligations to implement the EITI Standard, which sets out the transparency norms with which participating States including Nigeria must comply.” #grouptellsTinubu #Probemissingbillionsnow

[hardynwa]

NNPC Officials Jailed Two Years Over $1.6Billion Money Laundering

The duo of Victor Briggs and Abiye Membere have been sentenced to two years imprisonment by a Federal High Court in Abuja for “unethically collecting car gifts as public officials.” The suspects were former top officials of the Nigerian National Petroleum Corporation, NNPC (now Nigerian National Petroleum Company Limited). According to the statement posted on the EFCC Twitter handle, the convicts were prosecuted for conspiracy in inducing the Nigerian Petroleum Development Company (NPDC) to facilitate the lifting of crude by Olajide Omokore, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concept Limited; and receiving car gifts from Omokore and his companies Justice Nnamdi Digmba said the offence contravenes Section 98 of the Criminal Code Act and convicted the duo on Tuesday, while the court reserved sentencing till Wednesday. "When the matter resumed, the convicts through their counsel, prayed the court to temper justice with mercy, while O. A. Atolagbe who held the brief of the lead prosecution counsel, Rotimi Jacobs, SAN, urged the court to impose a custodial sentence on the defendants. "Justice Dimgba sentenced the convicts to two years imprisonment with an option of Two Million Naira fine each, to be paid immediately to the Federal government," the statement added. One of the charge reads: “That you, OLAJIDE JONES OMOKORE, ATLANTIC ENERGY BRASS DEVELOPMENT LTD, ATLANTIC ENERGY DRILLING CONCEPT LTD and KOLAWOLE AKANNI ALUKO (now at large) between May 2013 and March 2014 within the jurisdiction of this Honourable Court obtained by false pretense and with intent to defraud, 7,551,867 barrels of crude oil (Brass blend) valued at the sum of $823,75,189.95 (Eight Hundred and Twenty Three Million, Seventy-Five Thousand, One Hundred and Eighty-Nine US Dollars and Ninety-Five Cents) from Nigerian Petroleum Development Company (NPDC), Nigerian National Petroleum Corporation (NNPC) and the Federal Government of Nigeria on the false pretence that you had funds (both local and foreign) necessary to support the Nigerian Petroleum Development Company Limited in petroleum operation for the OML 60,61, 62 and 63 and you thereby committed an offence contrary to Section 1(a) of the Advance Fee Fraud and Other Fraud Related Offences Act Cap. A6, 2010, Laws of the Federation of Nigeria and punishable under Section 1(3) of the same Act.” Read the full article

[premimtimes]

Alleged $1.6m Fraud: Omokore denies buying houses, cars for Diezani, others

Alleged $1.6m Fraud: Omokore denies buying houses, cars for Diezani, others

Olajide Omokore has denied buying cars and houses for a former petroleum minister, Diezani Alison-Madueke, and other officials of the Nigerian National Petroleum Corporation (NNPC). The businessman, who has been reported to be an ally of Mrs Alison-Madueke, made the denial on Tuesday while testifying in his trial on money laundering and procurement fraud charges at the Federal High Court in…

[newshubnaija]

NPDC boss advocates safety culture in workplaces

NPDC boss advocates safety culture in workplaces

Managing Director of the Nigerian Petroleum Development Company Limited (NPDC), Ali Zarah, yesterday, stressed the need for workers to imbibe Health Safety and Environment Culture (HSE) to attain goal zero on fatality during operations. The post NPDC boss advocates safety culture in workplaces appeared first on The Guardian Nigeria News – Nigeria and World News.

[touchaheartnews]

Alleged $1.6bn Oil Fraud: Why My Company Paid $3M to YF Construction - Omokore

Alleged $1.6bn Oil Fraud: Why My Company Paid $3M to YF Construction – Omokore

Alleged $1.6bn Oil Fraud: Why My Company Paid $3M to YF Construction – Omokore The money laundering and procurement fraud trial of Olajide Omokore, Atlantic Energy Brass Development Ltd, Atlantic Energy Drilling Concept Limited, Victor Briggs (former managing director, Nigerian Petroleum Development Company, NPDC, and Abiye Membere continued today, Thursday March 3, 2022 before Justice Nnamdi…

[toogalaxyflower]

Obaseki boosts emergency services, takes delivery of ultra-modern fire trucks from NPDC

Obaseki boosts emergency services, takes delivery of ultra-modern fire trucks from NPDC

…recruits, trains more firemen in Edo The Edo State Governor, Mr. Godwin Obaseki, on Wednesday, took delivery of an additional ultra-modern industrial-sized fire truck from the Nigerian Petroleum Development Company Limited (NPDC) to boost the state’s response to fire emergencies. The governor, who spoke to journalists after test-driving the truck, at the Government House in Benin City, said the…

[dcoglobalnews]

NNPC, OGONI INITIATIVE PLEDGE COOPERATION ON OIL PRODUCTION AFTER 30 YEARS OF RIFT

On the heels of the recent Appeal Court judgement, leaders of Ogoni in Rivers State, under the auspices of the Ogoni Liberation Initiative, have pledged to cooperate with the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation,(NNPC), in the exploration and production of oil and gas resources in their territory.This follows nearly 30 years of…

[streetreporters]

NPDC, Ogoni People Pledge Cooperation on Oil Production

NPDC, Ogoni People Pledge Cooperation on Oil Production

The leaders of Ogoniland in Rivers State under the auspices of the Ogoni Liberation Initiative have pledged to cooperate with the Nigerian Petroleum Development Company (NPDC) in the exploration and production of oil and gas resources in its territory. The Ogoni leaders made the pledge Tuesday at the Ogoni Liberation Day which held in Bori with the Managing Director of NPDC, Mr. Mohammed…

[9jabreed]

Nigerian govt to resume oil production in Ogoni

Nigerian govt to resume oil production in Ogoni

The Nigerian Petroleum Development Company (NPDC) Limited says it is ready to commence production in abandoned oil wells to the benefit of community and the country. NPDC is a subsidiary of the Nigerian National Petroleum Corporation (NNPC). The Managing Director of NPDC, Mohammed AliZarah, spoke at an event by the Ogoni Liberation Initiative, according to a statement signed on Tuesday by Garba…

[smokeyrobotic]

Oil block: Nigerian petroleum coy, Ogonis make peace after NNPC’s victory over Shell

Oil block: Nigerian petroleum coy, Ogonis make peace after NNPC’s victory over Shell

The Ogoni people in Rivers State and the Federal Government of Nigeria have promised to work together. The indigenes said they will henceforth allow the Nigerian Petroleum Development Company (NPDC) peacefully carry out oil and gas exploration and production in their territory. The deal was struck on Tuesday, two weeks after the Nigerian National Petroleum Corporation (NNPC) defeated Shell…

[newshubnaija]

Seplat empowers teachers in Edo, Delta

Seplat empowers teachers in Edo, Delta

Seplat Energy, an indigenous energy company and its partners, the Nigerian Petroleum Development Company (NPDC), have awarded certificates to a total of 220 comprising 214 teachers and six chief inspectors of education in Edo and Delta States under the Seplat Teachers Empowerment Programme (STEP). This is the second edition of the programme, which is aimed at improving the standard of education…

[jiokcareers]

NEWS UPDATE: Oil block: Nigerian petroleum coy, Ogonis make peace after NNPC's victory over Shell

NEWS UPDATE: Oil block: Nigerian petroleum coy, Ogonis make peace after NNPC’s victory over Shell

The Ogoni people in Rivers State and the Federal Government of Nigeria have promised to work together. The indigenes said they will henceforth allow the Nigerian Petroleum Development Company (NPDC) peacefully carry out oil and gas exploration and production in their territory. The deal was struck on Tuesday, two weeks after the Nigerian National Petroleum Corporation (NNPC) defeated Shell…

[sayflexxyblog]

Oil block: Nigerian petroleum coy, Ogonis make peace after NNPC's victory over Shell

Oil block: Nigerian petroleum coy, Ogonis make peace after NNPC’s victory over Shell

The Ogoni people in Rivers State and the Federal Government of Nigeria have promised to work together. The indigenes said they will henceforth allow the Nigerian Petroleum Development Company (NPDC) peacefully carry out oil and gas exploration and production in their territory. The deal was struck on Tuesday, two weeks after the Nigerian National Petroleum Corporation (NNPC) defeated Shell…

[okaynigeria]

OML 11: NPDC takes over operation after court victory

OML 11: NPDC takes over operation after court victory

The Nigerian Petroleum Development Company (NPDC) has taken over the assets with operations in full gear following the Appeal Court’s Judgement affirming the Nigerian National Petroleum Corporation operatorship of Oil Mining License 11 (OML 11). The company is also working closely with all stakeholders and partners to achieve the new vision of responsible, smart engineering and environmental…

[schoolisle]

SEPLAT Scholarship For Undergraduates 2021/2022 is Ongoing | Apply

SEPLAT Scholarship For Undergraduates 2021/2022 is Ongoing | Apply

SEPLAT Undergraduate Scholarship 2021 application is ongoing. You can now apply! The Nigerian Petroleum Development Company Limited (NPDC) and Seplat Petroleum Development Company Plc Joint Venture are offering Undergraduate Scholarships to Nigerian students. The Undergraduate Scholarship awards are open to qualified and interested second-year UG Nigerian Public Universities students. Platform…