This discovery is part of an ongoing investigation into the alleged misappropriation of nearly $3 billion allocated for the rehabilitation of Port Harcourt Refining Company (PHRC), Warri Refining and Petrochemical Company (WRPC), and Kaduna Refining and Petrochemical Company (KRPC).

As part of the investigation, the EFCC has arrested former managing directors and senior officials of the three major state-owned refineries.

Among those in custody are Ibrahim Onoja, former MD of PHRC, and Efifia Chu, former MD of WRPC.

The anti-graft agency is also scrutinizing the activities of other senior officials, including a former chief of the National Petroleum Investment Management Services, a subsidiary of the Nigerian National Petroleum Corporation Limited (NNPCL).

The immediate-past Group Chief Executive Officer of NNPCL, Mele Kyari, and 13 other senior executives are not left out in the investigation.

According to reports, EFCC has requested for certified true copies of emoluments and allowances for these officials, including those who have retired.

A senior EFCC official, speaking on condition of anonymity, stated that the arrests are part of a broader investigation into how billions of dollars were allegedly siphoned from national coffers under the guise of refinery maintenance. The official emphasized the public’s interest in the operational status of the refineries and the need for accountability regarding the allocated funds.

The post EFCC: N80bn found in sacked MD’s bank accounts appeared first on Daily Dates Nigeria.

President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023.

In a statement released on Wednesday morning, Special Adviser to the President on Information & Strategy, Bayo Onanuga announced that the new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.

Adedapo Segun, who replaced Umaru Isa Ajiya as the Chief Financial Officer last November, has been appointed to the new board by President Tinubu.

Six board members, non-executive directors, represent the country’s geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.

President Tinubu appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as a non-executive director from the South East.

Mrs Lydia Shehu Jafiya, Permanent Secretary of the Federal Ministry of Finance, will represent the Ministry on the new board, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.

All the appointments are effective today, April 2.

President Tinubu, invoking the powers granted under Section 59, subsection 2 of the Petroleum Industry Act, 2021, emphasised that the board’s restructuring is crucial for enhancing operational efficiency, restoring investor confidence, boosting local content, driving economic growth, and advancing gas commercialisation and diversification.

President Tinubu also handed out an immediate action plan to the new board: to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximisation objectives.

Since 2023, the Tinubu administration has implemented oil sector reforms to attract investment. Last year, NNPC reported $17 billion in new investments within the sector. The administration now envisions increasing the investment to $30 billion by 2027 and $60 billion by 2030.

The Tinubu administration targets raising oil production to two million barrels daily by 2027 and three million daily by 2030. Concurrently, the government wants gas production jacked to 8 billion cubic feet daily by 2027 and 10 billion cubic feet by 2030.

Furthermore, President Tinubu expects the new board to elevate NNPC’s share of crude oil refining output to 200,000 barrels by 2027 and reach 500,000 by 2030.

The new board chairman, Ahmadu Musa Kida, is from Borno State. He is an alumnus of Ahmadu Bello University, Zaria, where he received a degree in civil engineering in 1984. He also obtained a postgraduate diploma in petroleum engineering from the Institut Francaise du Petrol (IFP) in Paris

He started his career in the oil industry at Elf Petroleum Nigeria and later joined Total Exploration and Production as a trainee engineer in 1985.

Musa became Total Nigeria’s Deputy Managing Director of Deep Water Services in 2015. Last year, he became an Independent Non-Executive Director at Pan Ocean-Newcross Group.

Apart from his oil industry career, Ahmadu Musa Kida is a former basketballer and the president of the Nigerian Basketball Federation(NBBF) board.

Ojulari, the new NNPC Limited Group CEO, hails from Kwara State. Until his new appointment, He was Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company. His Renaissance recently led a consortium of indigenous energy firms in the landmark acquisition of the entire equity holding in the Shell Petroleum Development Company of Nigeria (SPDC), worth $2.4 billion.

Like Kida, Ojulari is also an alumnus of Ahmadu Bello University, Zaria. He graduated with a degree in Mechanical Engineering. He worked for Elf Aquitaine as the first Nigerian process engineer to begin a stellar career in the oil sector. From Elf, he joined Shell Petroleum Development Company of Nigeria Ltd in 1991 as an associate production technologist.

Apart from working in Nigeria, he worked in Europe and the Middle East in different capacities as a petroleum process and production engineer, strategic planner, field developer, and asset manager. In 2015, he became the managing director of Shell Nigeria Exploration and Production Company (SNEPCO).

During his career, he was chairman and member of the board of trustees of the Society of Petroleum Engineers (SPE Nigerian Council) and a fellow of the Nigerian Society of Engineers.

President Tinubu thanked the old board members for their dedicated service to NNPC Limited, particularly their efforts in rehabilitating the old Port Harcourt and Warri refineries, which enabled them to resume petroleum product production after prolonged shutdowns. He wished them well in their future endeavours.

The post Breaking: Tinubu sacks Kyari, Akinyelure, other NNPC board members appeared first on Daily Dates Nigeria.

A visit to the NNPCL Retail outlet in Jos, Abuja on Tuesday morning revealed that the price per litre has been adjusted from the N537 it sold on Monday to N617 naira on Tuesday morning.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday said oil marketers have commenced the importation of Premium Motor Spirit (petrol).

This comes seven full weeks after President Bola Tinubu’s May 29 inaugural address, during which he declared that “fuel subsidy is gone”.

With this latest development, the monopoly of the Nigerian National Petroleum Company (NNPC) Limited comes to an end.

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Farouk Ahmed, made the revelation on Monday during a stakeholder engagement in Lagos.

Of the 56 oil marketing companies that applied for and obtained licences, 10 indicated the ability to import in the third quarter of 2023, while three had “landed cargo”, the CEO said.

Ahmed listed the three companies currently importing the product to include, A.Y. Ashafa, Prudent Energy, and Emadeb, adding that others would import between August and September 2023.

The post NNPC Retail Outlet Increases Pump Price of Petrol To N617.00 appeared first on Daily Dates Nigeria.

The NNPC/MPC joint venture invites talented individuals who are ready to unleash their imagination in pursuing a career in the field of an Operations and Maintenance Technician in the Oil and Gas or related industry.

Applicants must have completed a National Diploma (ND) in any of the following disciplines:
Mechanical Engineering Technology, Electrical / Electronic Engineering Technology, Chemical Engineering Technology and Patroleum Engineering Technology, with a minimum of Lower Credit, and no earlier than 2019.

Immerse yourself in a diverse and inclusive environment, where you’ll learn from industry experts and work on cutting-edge projects.

Apply by logging onto https://dragnetscreening.ng/mobil or scan the QR code on the flyer and Get Started”

Dear Innovative team, application into this programme closes on Wednesday, 23rd August 2023

Note: No MPN apprenticeship/job advertisement requires payment of any processing or registration fee.

The post Apply For NNPC/MPC Apprenticeship Program appeared first on Daily Dates Nigeria.

Presidential Spokesman, Femi Adesina announced this development in a statement on Wednesday, Daily Dates Nigeria reports.

NNPC Ltd Chairman of the Board Senator Margret Chuba Okadigbo (South East), Mele Kolo Kyari, Chief Executive Officer, and Umar I. Ajiya, Chief Financial Officer.

Other Board Members are; Dr. Tajudeen Umar (North East), Mrs. Lami O. Ahmed (North Central), Mallam Mohammed Lawal (North West), Engr. Henry Obih (South East), Barrister Constance Harry Marshal (South-South), and Chief Pius Akinyelure(South West).

Adesina disclosed that the appointments take effect from the date of the incorporation of the NNPC Limited.

Also appointed are Executive Commissioners of the Nigerian Upstream Petroleum Regulatory Commission. They are: Dr Nuhu Habib (Kano), Executive Commissioner, Development and Production, Dr Kelechi Onyekachi Ofoegbu (Imo), Executive Commissioner, Economic Regulations and Strategic Planning, Capt. Tonlagha Roland John (Delta), Executive Commissioner, Health, Safety, Environment and Community, and Jide Adeola (Kogi), Executive Commissioner, Corporate Services and Administration.

Earlier appointed are the Board Chairman, CEO, Executive Commissioner, Exploration and Acreage Management, and Executive Commissioner, Finance and Accounts. New appointees at the Nigerian Midstream and Downstream Petroleum Regulatory Authority are Francis Alabo Ogaree (Rivers), Executive Director, Hydrocarbon Processing, Mustapha Lamorde (Adamawa), Executive Director, Health, Safety, Environment and Community, Mansur Kuliya (Kano), Executive Director, Midstream and Downstream Gas Infrastructure Fund, Bashir Sadiq (Sokoto), Executive Director, Corporate Services and Administration, and Dr Zainab Gobir (Kwara), Executive Director, Economic Regulations and Strategic Planning.

They join the Board Chairman, Executive Director, Downstream Systems, Storage and Retailing Infrastructure, the CEO, and Executive Director, Finance and Accounts, who had earlier been appointed. For Midstream and Downstream Infrastructure Fund, new Council Members are; Mr Effiong Abia (Akwa Ibom), Bobboi Ahmed (Adamawa), and Engr. Abdullahi Bukar (Katsina).

It will be recalled that President Buhari had last September written the Senate on the administrative structure amendments to the Petroleum Industry Act, which included the appointment of Non-Executive Board Members, removal of the Ministries of Petroleum and Finance from the Board of the two new institutions, and appointment of Executive Directors.

The post Breaking: Buhari Appoints Board and Management of NNPC Ltd (Full List) appeared first on Daily Dates Nigeria.

A new date for the inauguration of the Board will be announced in due course.

We deeply regret inconveniences caused to members by this suspension, please.

The post Buhari Suspends Newly Constituted NNPC Board Inauguration appeared first on Daily Dates Nigeria.

The Management of the Nigerian National Petroleum Corporation (NNPC) on Monday, announced the promotion and redeployment of staff to occupy key positions that were vacant in the corporation.

This was disclosed in a statement signed by the corporation’s spokesperson, Dr. Kennie Obateru, in Abuja.

NNPC noted that the appointments and redeployments were to strengthen and reposition the corporation towards attaining global excellence and profitability.

The statement stated that Garba Muhammad has been appointed to take over from Obateru as the Group General Manager, Group Public Affairs Division, adding that Obateru would be retiring from service in September.

In the same vein, Billy Okoye was appointed as the new Group Executive Director (GED), Ventures & Business Development, while Aisha Ahmadu-Katagum was promoted to the position of the Group Executive Director, Corporate Services.

Okoye and Ahmadu-Katagum until their new appointments were Group General Managers, Crude Oil Marketing Division (COMD), and Supply Chain Management Division respectively at the corporation.

Similarly, the former Chief Operating Officer, Business & Ventures Development, Adeyemi Adetunji has become the Group Executive Director, Downstream.

Also, the Chief Operating Officer, Corporate Services, Mohammed Abdulkabir Ahmed has become the Group Executive Director, Gas, And Power.

The statement further stated that other Chief Operating Officer positions in the corporation were re-designated as Group Executive Directors (GEDs), to align with the rules of the Company And Allied Matters Act (CAMA).

Obateru said this was in preparation for the new status of the NNPC as a limited liability company, post-Petroleum Industry Bill (PIB).

The development, however, saw the disengagement of the former Chief Operating Officer, Gas, And Power, Yusuf Usman.

The NNPC’s Spokesperson noted that Group Managing Director of the corporation, Malam Mele Kyari, said the new appointments would enable the NNPC to live up to the expectations of Nigerians and achieve its vision of becoming a world-class energy company of choice.

The post Just In: NNPC Promotes And Redeploys Staff appeared first on Daily Dates Nigeria.

Foreign Affairs Minister, Geoffrey Onyeama, during the daily Presidential Task Force on COVID-19 Press Briefing, disclosed that the two government bodies are ready to disburse over a billion naira for the project.

Onyeama said the funding is part of their Corporate Social Responsibility to join the federal government in combating the coronavirus pandemic.

The post COVID-19: NNPC, CBN Set To Cater For The Needs Of Evacuees appeared first on Daily Dates Nigeria.