The Economic and Financial Crimes Commission has granted administrative bail to the former group chief executive officer of the Nigerian National Petroleum Company limited (NNPCL), Mele Kyari Mele Kyari on wednesday honoured an invitation by EFCC over an alleged $7.2 billion dollar fraud during his tenure as the boss of the nation’s oil company. Kyari…
The Economic and Financial Crimes Commission (EFCC) has detained Mele Kyari, former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), over allegations of massive financial misappropriation. Kyari was taken into custody at the commission’s headquarters in Jabi, Abuja, on Wednesday afternoon, where he is being interrogated in connection with billions of…
A United States court has found Paulinus Okoronkwo, a Nigerian-American, guilty of receiving a $2.1 million bribe. Okoronkwo, former general manager of the Nigerian National Petroleum Corporation (NNPC), now NNPC Limited, was found guilty of transactional money laundering, tax evasion, and obstruction of justice. Prosecutors said while serving as NNPC’s upstream division general manager, Okoronkwo…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has alleged that powerful interests within the oil and gas sector are plotting his removal from office. Ojulari made the claim on Thursday during a meeting with a delegation of the Petroleum and Natural Gas Senior Staff Association of Nigeria…
The Federal High Court sitting in Abuja has ordered the temporary freezing of four Jaiz bank accounts linked to the immediate-past Group Managing Director (GMD) of Nigerian National Petroleum Company Limited (NNPCL), Mr Mele Kyari, over allegations of fraud. Justice Emeka Nwite made the order on Tuesday after counsel for the Economic and Financial Crimes…
President Bola Tinubu has ordered a comprehensive review of all deductions and revenue retention practices by major revenue-generating agencies. These agencies include the Federal Inland Revenue Service (FIRS), Nigeria Customs Service, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Maritime Administration and Safety Agency (NIMASA), and the Nigerian National Petroleum Company Limited (NNPC). The directive, given…
The Group Chief Executive Officer of Nigerian National Petroleum Company, Mr. Bayo Ojulari, on Monday, reported to his duty post amid rumours of his resignation. Ojulari, who was reported to have thrown in the towel late last week, today reported to work at about 9:35 am, putting to rest claims and counterclaims of his…
The days of Bashir Bayo Ojulari as the group CEO of the Nigerian National Petroleum Corporation (NNPC) Limited are numbered, TheCable has been informed. Although there are reports that he has resigned, TheCable learnt from insiders that he has not thrown in the towel yet, “but only a miracle will keep him in office at…
The Nigerian National Petroleum Company Limited has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant. ‎Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, made the announcement during a company-wide town hall meeting at the NNPC Towers in Abuja, ending…
The Governor of Gombe State, Inuwa Yahaya, said the Nigerian National Petroleum Company Limited (NNPC Ltd) has resumed crude oil drilling at a field in the boundary of Bauchi and Gombe states. Mr Yahaya said this at the ongoing two-day Interactive Session on Government-Citizens Engagement at the Arewa House, Kaduna. The forum, organised by the…