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Tag Archives: Nigerian National Petroleum Corporation

Saraki: 50 million-litre daily fuel consumption, a fraud

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The President of the Senate, Bukola Saraki, has alleged a massive fraud in the nation’s oil sector under the President Muhammadu Buhari’s administration. He alleged that the Federal Government’s claims of paying subsidy on the 50 million litre of fuel being consumed by Nigerians daily were a big fraud. Saraki, …

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‘NNPC now pays N20/25 subsidy per litre’

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Under-recovery on petrol or the losses the Nigerian National Petroleum Corporation (NNPC) incurs to keep the pump price of petrol at N145 per litre, has dropped from about N80 per litre to between 20 and N25 per litre, the Group Managing Director of the corporation Dr. Maikanti Baru said yesterday. …

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Court orders EFCC, others to produce Diezani within 72 hours

Alison-Madueke

The process of the extradition of a former Minister of Petroleum Resources, Diezani Alison-Madueke, has commenced, following an order by an FCT High Court in Apo that the former minister be arrested. Justice Valentine Ashi on Tuesday ordered the Economic and Financial Crimes Commission, the Nigeria Police Force, the Department …

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N9tn NNPC contract scam: Buhari must explain role – PDP

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The Peoples Democratic Party on Monday in Abuja asked President Muhammadu Buhari and the All Progressives Congress to explain to Nigerians what they know about the N9tn ($25bn) contract scam which it said was allegedly perpetrated by the Nigerian National Petroleum Corporation under their watch. The National Publicity Secretary of …

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