Nigeria’s crippling fuel shortages are unlikely to ease any time soon and much-needed deregulation of the subsidised market would be a fraught process, the chief executive of energy company Sahara Group said on Wednesday. Prospects for a removal of subsidies, and a change in government at the end of May,
By Joe Igbokwe If PDP and the President had known that they may not make it in the 2015 presidential elections, I am dead sure they would not have looted our treasury with reckless abandon. If they had known that the bubble will burst in March 28, 2015 presidential election,
Muslim and Christian members of the APC have called on the incoming President, General Buhari to probe the Nigerian National Petroleum Corporation (NNPC) and also ensure that all sectors of the economy are properly overhauled. The APC members held a joint prayer session and thanksgiving for the incoming administration of General
The militants say they had on August 3, 2012 written to President Jonathan and the National Security Adviser (NSA), demanding their inclusion in the contract. The post Ex-militants in Akwa Ibom plead for inclusion Jonathan’s pipeline surveillance contract appeared first on Premium Times Nigeria.
Abiodun Onafuye/Abeokuta Governor Ibikunle Amosun of Ogun State Governor Ibikunle Amosun of Ogun state, Southwest, Nigeria has charged the Federal Government on the management of petroleum pipelines across the country.
The Ogun State Governor, Ibikunle Amosun, has asked the Nigerian National Petroleum Corporation (NNPC) and other authorities to adopt proactive measures that would end pipeline vandalism. Governor Amosun told reporters at the site of a vandalised pipeline in Ogere, in Ikenne Local Government area of the state that the NNPC should be
Dr. Joseph Dawha, Managing Director, NNPC The Nigerian National Petroleum Corporation (NNPC) said it was set to resume oil search in the Chad Basin following the remarkable improvement in the security situation in the North-Eastern Nigeria.
Nigeria’s Minister of Finance, Ngozi Okonjo-Iweala has today denied appointing world renowned audit firm, PriceWaterHouse Coopers to audit the Nigerian National Petroleum Corporation (NNPC) over the alleged missing $20 billion oil money. This was revealed through a statement released by the Special Adviser to the Minister, Paul Nwabuikwu, Thursday.
The current crisis has been blamed on the National Association of Road Transport Owners. The post Fuel crisis may linger despite government’s pledge to pay marketers appeared first on Premium Times Nigeria.
The Federal Ministry of Finance says it has paid the sum of N156 billion to oil marketers. This is according to a statement by the Special Adviser to the Coordinating Minister and Minister of Finance, Paul Nwabuikwu, dated Thursday, April 30, 2015.
Every Nigerian knows how impossible it would be for anyone to try to paint a positive picture of the country’s oil sector currently. This sector is supposed to be the country’s nest egg but proceeds from oil sales have often been diverted into private coffers through dubious accounting system operated
A day after Nigeria’s president, President Goodluck Jonathan ordered for the release of the version of a forensic audit of $20 billion reportedly missing from Nigeria’s crude oil sales, the FG has been pressuring the auditors, PricewaterhouseCooper to revise some areas of the preliminary report. According to Sahara reporters, the
FOLLOWING a Presidential directive, the Federal Ministry of Petroleum Resources, yesterday, released the Forensic Investigative Audit conducted by PriceWaterCoopers into the allegations of unremitted Funds into the Federation Accounts by the NNPC. Among other things, the report revealed financial improprieties amounting to $1.
PricewaterhouseCoopers (PwC) has conducted an audit regarding the $20 billion oil money that former Central Bank of Nigeria (CBN) governor, Muhammadu Sanusi claimed NNPC failed to remit to the federation account. Here are some excerpts of what the audit revealed, as reported by The Cable: The PwC report, which was ordered
The auditors say they can’t vouch for the integrity of their findings regarding the controversial oil money The post ‘Missing’ $20billion Oil Money: Our audit report not reliable — PricewaterhouseCoopers appeared first on Premium Times Nigeria.
Diezani Alison-Madueke, Petroleum Minister A forensic audit of Nigeria’s state oil firm released on Monday confirmed the accusation by Emir Muhammed Sanusi that the NNPC withheld about $20 billion that it ought to have remitted to the national treasury.