18 stories found
Nigeria's Federal Ministry of Finance and the Nigerian National Petroleum Company Limited (NNPCL) are in dispute over unresolved audit queries, including a $3 billion pre-export loan and $722.6 million in LNG dividends.
The Nigerian National Petroleum Company Limited (NNPCL) is facing renewed scrutiny over its N7.13 trillion energy-security expense recorded in 2024, raising questions about the national oil company's financial accountability.
Nigeria's House of Representatives has launched an investigation into the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Company Limited (NNPCL) regarding an alleged N5.3 trillion in unremitted operating surplus, raising concerns about the nation's revenue performance.
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL). SERAP is demanding accountability for an alleged ₦5.9 billion spent on rebranding that remains unexplained.
The Nigerian Senate has ordered the Nigerian National Petroleum Company Limited (NNPCL) to account for N210 trillion and has summoned its CEO, Mele Kyari, to appear before a committee.
Nigeria's Economic and Financial Crimes Commission (EFCC) has returned N3.94 billion in recovered funds to the Nigerian National Petroleum Company Limited (NNPCL), marking a successful anti-corruption effort.
An editorial criticizes the Nigerian National Petroleum Company Limited (NNPCL) for its perceived reckless disregard for Senate oversight, holding the President of the Senate, Godswill Akpabio, responsible for the company's affronts on the legislature.
The Nigerian Senate has summoned the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL), and 40 other Ministries, Departments, and Agencies (MDAs). This action is part of a probe into public funds and claims of non-remittance of revenue.
The Nigerian House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant-General of the Federation (OAGF) to provide a comprehensive breakdown of outstanding operating surplus and other revenues allegedly owed by the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Company Limited (NNPCL).
The Nigerian Senate Committee on Public Accounts has threatened to issue an arrest warrant against Mele Kyari, former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), for failing to appear before a committee investigating an alleged N210 trillion discrepancy flagged in audit reports from 2017 to 2020.
The Nigerian National Petroleum Company Limited (NNPCL) has emphasized the critical role of pipeline security in boosting oil production growth and attracting investor confidence in the country's oil sector.
The Nigerian Senate has issued summons for former heads of the Nigerian National Petroleum Company Limited (NNPCL) to account for an alleged N210 trillion.
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL). The suit demands that NNPCL account for an alleged ₦211 trillion in missing oil revenues.
A Rivers senator in Nigeria has criticized the Nigerian National Petroleum Company Limited (NNPCL) for repeatedly missing meetings regarding the crude theft probe, hindering legislative oversight.
The Socio-Economic Rights and Accountability Project (SERAP) has initiated a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), demanding accountability for an alleged N5.9 billion spent on rebranding.
The Nigerian Senate has given the Nigerian National Petroleum Company Limited (NNPCL) a deadline of April 29 to provide explanations for N210 trillion in audit queries. The demand comes as the Senate seeks accountability for the significant financial discrepancies.
A Federal High Court in Abuja has issued a final forfeiture order for three properties and N3.4 billion in cash, all linked to alleged fraud at the Nigerian National Petroleum Company Limited (NNPCL).
The Nigerian National Petroleum Company Limited (NNPCL) has pledged support for a Mini-LNG and LCNG project being developed by Portland Gas Limited in Gwagwalada, Abuja, and will supply gas to the facility.