Browsing: NPDC

A press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, stated that the figure was contained in the September 2020 edition of the NNPC Monthly Financial and Operations Report.

Human rights activist, Femi Falana (SAN), has filed a suit at the Federal High Court in Abuja in which he is seeking to compel the Muhammadu Buhari Administration to recover the sum of $40 billion and N481 billion based on the audit of the extractive industry carried out by the Nigeria Extractive Industry Transparency Initiative, an agency of the Federal Government. 

The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, on Tuesday said the Corporation had recovered $1.6 billion from some companies fleecing one of its subsidiaries.

Melaye alleged that the diversion of oil revenue between the two agencies of government had continued unabated since 2013.
According to him, the NDPC has continued to lift crude oil from divested oil wells OML 61, 62, and 63, worth over $3.5 billion without remittance to the Federation Account