Komolafe, a former employee of the corporation, had sued the NNPC over its failure to pay his retirement entitlements since his exit in April 2016
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Justice Edith Agbakoba in her judgment also ordered NNPC to offer Johnson a new contract
The corporation also acknowledged that the initiation of PIGB as a separate bill from the fiscal and commercial framework would hasten the overall consideration of Petroleum Industry Bill and also facilitate the “ease of execution when eventually passed into law”
The Group Managing Director of the NNPC, Dr. Maikanti Baru, said this on Friday in Abuja at the 2016 Fiscal Liquidity Assessment Committee Retreat
This was contained in a statement signed by Ohi Alegbe, the NNPC’s Group General Manager, Group Public Affairs Division, and released to newsmen in Abuja on Saturday
This even as the Petroleum Pricing Monitoring Company revealed that the country has lost N50 billion to pipeline vandals within 10 months
It said this was based on analysis of recent seismic 3D data generated from the Chad Basin
It stated that the amount was in respect of revenue from “white products” sold by the Pipelines and Product Marketing Company
Kachikwu, who appeared before the Senate as one of ministerial nominees of President Muhammadu Buhari, however, said the non-passage of PIB will not stop him from effecting the necessary changes in the petroleum sector of the economy
The Naira was devalued from $1 to N155 to $1 to N199, with the effect that it sold in the black market at N233 to $1 last week
The Emir arrived the Presidential Villa in company with members of his Emirates-in-Council and his personal aides in his right-hand driven old Rolls Royce
A strike by the two most powerful unions in the petroleum sector led to long queues at filling stations
The Chairman, Petroleum Resources Committee (Upstream), Rep. Muraina Adebola, condemned the absence of the invitees, adding that the committees would not allow strike to cripple the nation’s oil and gas sector
The House of Representatives Joint Committees on Petroleum (Upstream and Downstream) and Gas Resources on Wednesday summoned the Petroleum Minister, Deizeani Allison-Madueke, over a looming crisis in the sector.
The management called on members of the public not to engage in panic buying, assuring further that plans were on top gear to address the situation
Imodagbe decried the high level of encroachment on the right-of-way and stated that there would be no compensation for those affected in the demolition of structures on it
The position of Saraki runs contrary to the report submitted by Senator Ahmed Makarfi, the Chairman of the Senate Committee on Finance, which probed the allegation of the missing fund levelled by the suspended Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi.
Controversy had dogged the budget following disagreements with the federal legislators by the executive arm of government
The statement quoted the Group Managing Director of the corporation, Andrew Yakubu, as saying that the increase in the number of allocation was to reduce the noticeable queues in fuel stations
The Managing Director of NPDC, Victor Briggs, denied the position on Monday