Tag Archives: NNPC

A subsidiary of the Nigerian National Petroleum Corporation, the NNPC Properties Limited (NPL), which manages the real estates of the NNPC on Tuesday said it has commenced the recovery of some NNPC’s landed property worth about N100 billion across Nigeria. According to a statement from the Group General Manager, Public Affairs of the NNPC, Mr. Ndu Ughamadu, the asset recovery ...

The Federal Government may have dumped the plan to demolish about 1,400 buildings in Abeokuta for the $1.5bn Lagos-Ibadan rail project, due to what it described as huge compensation cost. Speaking to newsmen on Monday in Ibadan after meeting with officials of the China Civil Engineering Construction Company (CCECC), the Hon. Minister of Transportation, Rotimi Amaechi said the compensation cost ...

The Kogi State government has said it is hoping to attract about $350 million which it would put into developing its agriculture and infrastructure within this year. It said that it would invest $200 million in its agriculture, while $150 million would go to the upgrade of the state’s social infrastructure. The state’s Commissioner for Finance, Mr. Asiwaju Idris, made ...

THE Attorney-General of the Federation and Minister of Justice, Abubakar Malami, currently facing scrutiny from the Senate for allegedly spearheading the recall of wanted pension fraud suspect, Abdulrasheed Maina, yesterday, raised the alarm that masterminds of the multi-billion pension fraud and their beneficiaries were behind the ferocious media onslaught against him and his office. Malami told Vanguard that he was ...

The Nation reports that the Lagos State House of Assembly Thursday at plenary called on the Nigeria National Petroleum Corporation ( NNPC) to relocate the tank farms in Apapa to a less congested area, saying that it is causing traffic logjam and endangering the lives of the residents. Hon. Mojisola Miranda, representing Apapa Constituency 1 raised the issue under matter of urgent ...

According to The Nation, the Managing Director of Chief E. O. Ashamu Estate, Mr. Babatunde Ashamu, has warned the public from transacting business with people he called “fraudulent agents” encroaching on his property. The property are located in parts of Lagos, including Oke-Afa, Eletuwashe lands, Ojomo farm land, NNPC, Akinbaye lands, Ishaga farm lands, Kushoru farm lands, Okota land Magbelesu ...

“The Senate yesterday mandated its committee on environment to investigate the implementation of the celebrated Ogoni cleanup exercise. The Federal Government launched the Ogoni cleanup project in June last year with an initial cost of $1 billion. The Senate equally directed the committee to assess the progress of the Great Green Wall programme initiated to control desertification. These decisions followed ...

According to PM News, the owner of the Ikoyi home, Lagos, where $43.4m, N23.2m, £27,800 was discovered by the Economic and Financial Crimes Commission (EFCC) on Wednesday has been revealed. The owner is none other than Ahmadu Adamu Mu’azu, a former National Chairman of the People’s Democratic Party (PDP). A source close to the EFCC told SaharaReporters that the building belongs ...

The Guardian reports that the Nigerian National Petroleum Corporation (NNPC) has slated a comprehensive rehabilitation of the nation’s three refineries located in Port Harcourt, Warri and Kaduna to achieve optimal capacity utilization for next year. According to The Guardian, the Chief Operating Officer (COO), Refineries, of the NNPC, Mr. Anibor Kragha, at the Annual General Meeting of the three facilities ...

A former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Abubakar Lawal Yar’Adua, bought a posh home worth £890,000 in London using a secret offshore company he registered in the British Virgin Island. Documents retrieved from the Mossack Fonseca database, exclusively obtained by German newspaper, Süddeutsche Zeitung, and shared by the International Consortium of Investigative Journalists (ICIJ) with ...