He said that it was unimaginable that the NNPC, which operated in a lucrative sector, could claim to be making losses and as such was not returning its operating surpluses
Browsing: Nigeria National Petroleum Corporation
Residents of the community, situated in Ido Local Government Area of the state, told newsmen that the inferno did not claim and life or property
He said “a colossal sum of $380 billionn or N59 trillion, and $15.72 trillion worth of gas assets were alleged to be at stake in the shady deal”
The association said the reactivated depots were under System 2B of the Nigerian National Petroleum Corporation national pipeline network
The communiqué illustrated that for the month of February 2013, the gross revenue available from the Value Added Tax was N62.707 billion as against the N65.291 billion distributed in the preceding month, resulting in a decrease of N2.584 billion
Okewoye advised residents to desist from further encroachment beyond approved setback
Addressing journalists during the visit of the Group Managing Director of NNPC, Andrew Yakubu, who was in Ogun State on Tuesday to assess actions taken so far to secure the critical System 2B Pipeline at Arepo, Momoh said that the deployment of technology to make pipeline inaccessible to vandals would boost adequate supply of PMS all over the country
As the government bulldozers were busy carrying out the exercise, officials of the Nigeria National Petroleum Corporation, fierce-looking soldiers and officials of Nigeria Security and Civil Defence Corps were on ground
The South West Zonal Public Relations Officer of the National Emergency management Agency, Ibrahim Farinloye, confirmed the latest explosion
Amosun said the NNPC is culpable because it has failed in its duties to protect the nation’s pipelines
The Public Relations Officer of the NSCDC in Ogun State, Kareem Olarenwaju, said they could not make any arrest as the vandals fled through the water ways
The NSCDC officials accused the people of vandalism of the Nigeria National Petroleum Corporation pipeline in the area and aiding and abetting the vandals
As at press time, there was no fire fighting team at the scene
Several marketers, especially in Lagos and Abuja, have been discovered to be hoarding fuel in anticipation of a price increase on January 1, 2013