Segun, who is the former Executive Vice President, Downstream, is also alleged to be involved in another N140 billion deal to acquire OVH Energy by the NNPL, which is the subject of ongoing multiple investigations from relevant agencies and the National Assembly.
Browsing: NNPCL
To say that the vast majority of Nigerians are scandalised by the goings‑on in the NNPCL is an understatement. The developments are not only depressing but also diminishing. There is, therefore, the fierce urgency of now to restore public sanity and decency before further damage is done.
The NNPCL Director also restated the commitment of the company to the exploration and development of oil and gas resources in the northern region of the country.
The Group Chief Executive Officer of NNPCL, Bashir Ojulari, announced this at a company-wide town hall meeting at the NNPC Towers, Abuja.
The News Agency of Nigeria reports that the queries were in connection with audit reports of 2017 to 2023, alleging unaccountability of N210 trillion.
The News Agency of Nigeria reports his non-appearance on a fourth invitation infuriated all the members of the committee, chaired by Senator Aliyu Wadada.
This followed allegations documented in the 2021 audited report by the Auditor-General of the Federation, which was published on November 27, 2024.
Chairman, Senate Committee on Public Accounts, Sen. Aliyu Wadada, made the clarification at the resumed hearing of the committee on the 2017-2023 Office of the Auditor-General of the Federation’s audit on expenditure of ministries, departments and agencies (MDAs).
It also adjusted its petrol pump price to ₦915 per litre at several of its Lagos retail outlets, marking a fresh upward shift in the downstream retail market.
The NNPCL made the disclosure in its Monthly Report Summary for April, 2025, which was released on Thursday to the public.
This followed an allegation by the World Bank that out of N1.1 trillion revenue from crude sales and other income in 2024, NNPCL only remitted N600 billion.
The association made the demand in a message it made available to newsmen on Sunday following the inauguration of the Board by President Bola Ahmed Tinubu.
From oil and gas to data and infrastructure, the conversation explored how transparent, impact-driven partnerships can power a more sustainable energy future for Nigeria—and beyond.
This was according to its interrogatory correspondence dated April 28, 2025, and sighted by The Eagle Online on Friday.
It was presented to him at a ceremony in Abuja on Wednesday, after a rigorous evaluation of Nigeria’s most accomplished communicators.
He added that Tinubu’s appointments of Ojulari, Kida and other members of the board were a step in the right direction, saying that the duo, who are engineers with high distinction, now have the opportunity to transform the national firm into a profitable venture.
The transition of NNPC into a limited liability company was supposed to signal a new era of commercial discipline and accountability.
This was contained in a statement issued by NNPCL’s Chief Corporate Communications Officer, Olufemi O. Soneye, on Friday.
The CNPP in a statement signed by its Deputy National Publicity Secretary, Comrade James Ezema, hailed the action as a vital step toward restoring accountability, efficiency, and transparency in a sector that has long been shrouded in allegations of corruption and mismanagement.
The sweeping changes were announced in a statement made available to newsmen in the early hours of Wednesday by the Presidency