#npdc

[crimechannels]

By • Olalekan Fagbade Probe missing $15billion, N200billion of oil revenues now, Group tells President Tinubu The Socio-Economic Rights and Accountability Project (SERAP) has asked President Bola Tinubu to probe the alleged disappearance of US$15 billion of oil revenues, and N200 billion budgeted to repair the refineries between 2020 and 2021, as documented by the Nigeria Extractive Industries Transparency Initiative (NEITI). As contained in a letter issued on Saturday and signed by its deputy director, Kolawole Oluwadare, the organization urged the president to set up a presidential panel of enquiry to carry out the probe promptly. The organization said the president should not hesitate to “name and shame anyone suspected to be responsible for the missing and unaccounted for public funds and to ensure their effective prosecution as well as the full recovery of any proceeds of crime. According to the organisation, President Tinubu should "fully implement all the recommendations by NEITI in its 2021 report, and use any recovered proceeds of crime." “There is a legitimate public interest in ensuring justice and accountability for these serious allegations. Taking these important measures would end the impunity of perpetrators," the organization stated. “As President and Minister of Petroleum Resources, your office ought to be concerned about these damning revelations, by getting to the bottom of the allegations and ensuring that suspected perpetrators are promptly brought to justice, and any missing public funds fully recovered.” "Any failure to investigate these grave allegations, bring suspected perpetrators to justice and recover any missing public funds would have serious resource allocation and exacerbate the country’s debt burden.” “It would also create cynicism, suspicion, and eventually citizens’ distrust about the ability of your government to combat high-level official corruption, as well as deter foreign investment and limit growth and development.” “We would therefore be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government to comply with our request in the public interest," the organization said. “The findings by NEITI suggest a grave violation of the public trust and the provisions of the Nigerian Constitution 1999 [as amended], national anticorruption laws, and the country’s obligations under the UN Convention against Corruption.” “The allegations of corruption documented by NEITI undermine economic development of the country, trap the majority of Nigerians in poverty and deprive them of opportunities.” “Your government has a constitutional duty to ensure transparency and accountability in the spending of the country’s wealth and resources," it added. The letter of the organization further reads: “According to the 2021 report by the Nigeria Extractive Industries Transparency Initiative (NEITI), government agencies including the Nigerian Petroleum Development Company (NNPC) and the Nigerian Upstream Petroleum Regulatory Commission (NPDC) failed to remit $13.591 million and $8.251 billion to the public treasury.” “The NNPC and NPDC failed to remit over 70% of these public funds. NEITI wants both the NNPC and NPDC to be investigated, and for the missing public funds to be fully recovered.” “The report also shows that in 2021, the State Owned Enterprises (SOE) and its subsidiaries (the NNPC Group) reportedly spent US$6.931billion on behalf of the Federal Government but without appropriation by the National Assembly. The money may be missing.” “The NNPC also reportedly obtained a loan of $3 billion in 2012 purportedly to settle subsidy payments due to petroleum product marketers but there is no disclosure of the details of the loan, subsidy and the beneficiaries of the payments.” “The report also shows that N9.

73 billion was paid to the NNPC as pipeline transportation revenue earned from Joint Venture operations but the money was neither remitted to the Federation nor properly accounted for. The NPDC in 2021 also failed to remit $7.61 million realized from the sale of crude oil.” “The report documents that about N200 billion was spent on refineries rehabilitation between 2020 and 2021 but “none of the refineries was operational in 2021 despite the spending.’ NEITI wants the spending to be investigated, as the money may be missing.” “Section 13 of the Nigerian Constitution 1999 [as amended] imposes clear responsibility on your government to conform to, observe and apply the provisions of Chapter 2 of the constitution. Section 15(5) imposes the responsibility on your government to ‘abolish all corrupt practices and abuse of power’ in the country.” “Under Section 16(1) of the Constitution, your government has a responsibility to ‘secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity.’” “Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’” “Similarly, articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on your government to ensure proper management of public affairs and public funds, and to promote sound and transparent administration of public affairs.” “The UN Convention against Corruption and the African Union Convention on Preventing and Combating Corruption to which Nigeria is a state party obligate your government to effectively prevent and investigate the plundering of the country’s wealth and natural resources and hold public officials and non-state actors to account for any violations.” “Specifically, article 26 of the UN convention requires your government to ensure ‘effective, proportionate and dissuasive sanctions’ including criminal and non-criminal sanctions, in cases of grand corruption.” “Article 26 complements the more general requirement of article 30, paragraph 1, that sanctions must take into account the gravity of the corruption allegations.” “Nigeria is also a participating state of the Extractive Industries Transparency Initiative (EITI), which aims to foster greater governmental accountability for the use of natural resource wealth through the creation of a set of international norms on revenue transparency.” “EITI also aims to tackle corruption, poverty and conflict associated with natural resource wealth. Nigeria has the obligations to implement the EITI Standard, which sets out the transparency norms with which participating States including Nigeria must comply.” #grouptellsTinubu #Probemissingbillionsnow

[hardynwa]

NNPC Officials Jailed Two Years Over $1.6Billion Money Laundering

The duo of Victor Briggs and Abiye Membere have been sentenced to two years imprisonment by a Federal High Court in Abuja for “unethically collecting car gifts as public officials.” The suspects were former top officials of the Nigerian National Petroleum Corporation, NNPC (now Nigerian National Petroleum Company Limited). According to the statement posted on the EFCC Twitter handle, the convicts were prosecuted for conspiracy in inducing the Nigerian Petroleum Development Company (NPDC) to facilitate the lifting of crude by Olajide Omokore, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concept Limited; and receiving car gifts from Omokore and his companies Justice Nnamdi Digmba said the offence contravenes Section 98 of the Criminal Code Act and convicted the duo on Tuesday, while the court reserved sentencing till Wednesday. "When the matter resumed, the convicts through their counsel, prayed the court to temper justice with mercy, while O. A. Atolagbe who held the brief of the lead prosecution counsel, Rotimi Jacobs, SAN, urged the court to impose a custodial sentence on the defendants. "Justice Dimgba sentenced the convicts to two years imprisonment with an option of Two Million Naira fine each, to be paid immediately to the Federal government," the statement added. One of the charge reads: “That you, OLAJIDE JONES OMOKORE, ATLANTIC ENERGY BRASS DEVELOPMENT LTD, ATLANTIC ENERGY DRILLING CONCEPT LTD and KOLAWOLE AKANNI ALUKO (now at large) between May 2013 and March 2014 within the jurisdiction of this Honourable Court obtained by false pretense and with intent to defraud, 7,551,867 barrels of crude oil (Brass blend) valued at the sum of $823,75,189.95 (Eight Hundred and Twenty Three Million, Seventy-Five Thousand, One Hundred and Eighty-Nine US Dollars and Ninety-Five Cents) from Nigerian Petroleum Development Company (NPDC), Nigerian National Petroleum Corporation (NNPC) and the Federal Government of Nigeria on the false pretence that you had funds (both local and foreign) necessary to support the Nigerian Petroleum Development Company Limited in petroleum operation for the OML 60,61, 62 and 63 and you thereby committed an offence contrary to Section 1(a) of the Advance Fee Fraud and Other Fraud Related Offences Act Cap. A6, 2010, Laws of the Federation of Nigeria and punishable under Section 1(3) of the same Act.” Read the full article

[don-lichterman]

New Plymouth District Counil win three event awards

New Plymouth District Counil win three event awards

SIMON O’CONNOR/Stuff The New Plmyouth District Councul-run Festival of Lights has been awarded at the NZ Event Association’s awards gala. New Plymouth’s Festival of Lights won two categories at the New Zealand Event Awards on Tuesday night. New Plymouth District Council, which put on the festival, was also recognised for the Oxfam Trailwalker event. NPDC took home Best Local Government Event and…

[gerilya]

PRE-COLONIAL PH Mural by Gerilya National Commission for Culture and the Arts X National Parks Development Council Luneta Park, City of Manila 2019

[toogalaxyflower]

Obaseki boosts emergency services, takes delivery of ultra-modern fire trucks from NPDC

Obaseki boosts emergency services, takes delivery of ultra-modern fire trucks from NPDC

…recruits, trains more firemen in Edo The Edo State Governor, Mr. Godwin Obaseki, on Wednesday, took delivery of an additional ultra-modern industrial-sized fire truck from the Nigerian Petroleum Development Company Limited (NPDC) to boost the state’s response to fire emergencies. The governor, who spoke to journalists after test-driving the truck, at the Government House in Benin City, said the…

[newsmedianest]

Coffee table book entitled "Parks for a Nation" together with selected magazines and snacks given to all participants of the Paco Cemetery Park night tour with a paranormal expert. #NewsMediaNest #npdc #npdcph #cemetery #pacopark #squadghouls #paranormal #lamanlupa #spirits #spiritualenergy #tour (at Paco Park) https://www.instagram.com/p/CVsun_LDvFm/?utm_medium=tumblr

[okaynigeria]

OML 11: NPDC takes over operation after court victory

OML 11: NPDC takes over operation after court victory

The Nigerian Petroleum Development Company (NPDC) has taken over the assets with operations in full gear following the Appeal Court’s Judgement affirming the Nigerian National Petroleum Corporation operatorship of Oil Mining License 11 (OML 11). The company is also working closely with all stakeholders and partners to achieve the new vision of responsible, smart engineering and environmental…

[afriupdatenews]

Late PIB passage threatens N4tr marginal fields earnings

Late PIB passage threatens N4tr marginal fields earnings

Petroleum Industry Bill • FG looks to bid round to increase reserves • Host communities insist on right of refusal The Federal Government’s capacity to earn at least $10 billion or N4 trillion through the oil and gas industry, especially in the ongoing marginal fields licensing round, is dependent on a fiscal regime that will unlock about $30 billion capital stalled by delay in passage of the…

[multimediacreative]

Self publishing tips at Puke Ariki

Self publishing tips at Puke Ariki

If you’re writing or thinking of publishing your work, come and listen to some industry experts at the Puke Ariki library on Wednesday the 2nd of December and have your questions answered.

[profzubby]

DPR Hands Over OML 98 To NPDC

DPR Hands Over OML 98 To NPDC

The Department OF Petroleum Resources (DPR) has handed over the Oil Mining Licence (OML) 98 to the Nigerian Petroleum Development Company (NPDC), the upstream unit of the Nigeria National Petroleum Corporation (NNPC).

This is coming almost one year after Pan Ocean Oil Corporation’s ownership of the asset, along with the assets of five other companies, were revoked for failing to meet up with its…

[freelanews-blog]

Breaking: JV oil assets sold to incompetent operators – NNPC

The Nigerian National Petroleum Corporation, NNPC, Tuesday, disclosed that buyers of the divested assets of its Joint Venture, JV, partners have all failed to make meaningful impacts and contributions to the development of the assets, almost gently years after their sale. Speaking at the ongoing 25th Nigerian Economic Summit, NES, Group Managing Director of the NNPC, Mallam Mele Kyari, also stated that the corporation has commenced engagements with investors across the West African sub-region to serve as off-takers for the country’s gas, ahead of the completion of the Ajaokuta-Kaduna-Kano, AKK, gas pipeline. Kyari expressed disappointment over the sale of the JV assets to the new partners, noting that if the NNPC had had the knowledge of the incompetent of the buyers; it would not have consented to the sale of the assets. NNPC transfers stakes in three oil assets to NPDC(Opens in a new browser tab) Going forward, he said the NNPC had rolled out stringent conditions for the divestment of assets by its JV partners, while he cautioned its partners against proposing the divestment of their stake to firms who are not capable of improving the fortunes of the assets. Since 2010, a number of multinational oil companies have divested and sold off their stakes in about 20 oil blocks in Nigeria to a number of indigenous and foreign oil firms. Read the full article

[didier62320]

վҽՏԵҽɾժɑվ í ԵօօƘ Տօʍҽ ԹíϲԵմɾҽՏ օƒ Եհҽ ϲɑղɑժíɑղ ѵíʍվ ʍօղմʍҽղԵ. íԵ'Տ ҍҽҽղ ɑ ƒҽա վҽɑɾՏ Տíղϲҽ í'ѵҽ ҍҽҽղ Եհҽɾҽ #monumentcanadien #monumentcanadienvimy #monumentcanadiendevimy #vimy #hautsdefrance #canada #france #pasdecalais #memorial #nordpasdecalais #photography #vimyridgememorial #monument #vimyridge #pasdecalaistourisme #esprithautsdefrance #balade #hdf #npdc #canadianmemorial #picoftheday #memorialcanadien #firstworldwar #photographie #vimymemorial #guerre #photo #instagood #canadianmonument #régionhautsdefrance @vimyfoundation @canada (à Vimy Ridge Memorial) https://www.instagram.com/p/B00_cg5hy_q/?igshid=1snrt9qcq6wxp

[premimtimes]

Alleged $1.6m Fraud: Omokore denies buying houses, cars for Diezani, others

Alleged $1.6m Fraud: Omokore denies buying houses, cars for Diezani, others

Olajide Omokore has denied buying cars and houses for a former petroleum minister, Diezani Alison-Madueke, and other officials of the Nigerian National Petroleum Corporation (NNPC). The businessman, who has been reported to be an ally of Mrs Alison-Madueke, made the denial on Tuesday while testifying in his trial on money laundering and procurement fraud charges at the Federal High Court in…

[afriupdatenews]

Kidnapped Kogi monarch freed after three days

Kidnapped Kogi monarch freed after three days

The Acting Ejeh of Ankpa, Kogi State, Alhaji Usman Sani, who was kidnapped by gunmen on Friday, has regained his freedom. Sani, a first class traditional ruler in Kogi was kidnapped on December 18, 2020, about 5.30am, while entering a Mosque in Ankpa. The Police Public Relations Officer (PPRO) in Kogi, DSP William Aya, confirmed the release of the monarch in a telephone interview with our…

[ornoirafrica]

Nigéria : NPDC revendique la victoire sur Shell à l'OML 11

Nigéria : NPDC revendique la victoire sur Shell à l’OML 11

Nigerian National Petroleum Corp. (NNPC) a revendiqué la victoire sur Shell à l’OML 11, suite à un jugement de la Cour d’appel en sa faveur. Le tribunal, siégeant le 16 août, a rejeté une décision de la Haute Cour fédérale selon laquelle Shell Petroleum Development Co. (SPDC) avait le droit de renouveler le bail de l’OML 11. La Haute Cour a rendu cette décision en août 2019. La Cour d’appel a…

[coastal-times-news]

BREAKING: Opuama Community Cries Out Over Massive Oil Spill In Elcrest/NPDC Operated Oml 40

BREAKING: Opuama Community Cries Out Over Massive Oil Spill In Elcrest/NPDC Operated Oml 40

Coastal News According to reports, a massive oil spillage has occurred at Opuama community in Egbema Kingdom, Warri North Local Government Area of Delta State at the Elcrest and NPDC Operated Oml 40. The oil spillage alarm was raised by a revered youth group in the area operating under the aegis of Opuama Youth Assembly Warri ( OYAW) via a statement issued to newsmen at Opuama signed by the…