$3bn Refinery Fraud: N80bn Found In Sacked MD’s Bank Accounts

The Economic and Financial Crimes Commission has arrested the recently sacked managing directors and some top officials of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company. The officials were arrested over alleged mismanagement of funds earmarked for the rehabilitation of the facilities. The total amount under investigation…

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Port Harcourt Refinery Halts Operations Few Days After NNPC Announces Resumption

In a shocking turn of events, the Port Harcourt Refining Company (PHRC) has inexplicably ceased crude oil processing, merely days after the Nigerian National Petroleum Company (NNPC) Ltd proudly declared the re-streaming of the refinery. A diligent reporter who visited the refinery on Friday observed that the facility was eerily inactive, with no discernible signs…

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FLASH: NNPC Speaks On Selling Products From Port-Harcourt Refinery To Marketers, Fuel Prices

Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday night, through the chief corporate communications officer, Olufemi Soneye, has disclosed that the company has not commenced bulk sales of petrol and has not opened the purchase portal for Port-Harcourt refinery. He explained that the company is finalising necessary processes, noting that it currently sells products…

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Port Harcourt Refinery’s Petrol Price Higher Than Dangote’s By ₦75/Litre — PETROAN

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said the price of Premium Motor Spirit churned out by the old Port Harcourt Refinery which resumed production on Tuesday, is ₦75 per litre higher than that sold by the Dangote Refinery. This was revealed by the association’s Public Relations Officer, Dr. Joseph Obele,…

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