Author: Npo_report

By Halimah Olamide The Nigerian National Petroleum Company Limited on Thursday announced the death of its former Group Managing Director, Dr. Thomas M. Asuquo John. A statement by Mr. Femi Soneye, Chief Corporate Communication Officer of the NNPC, which was made available to the NPO Reports said John died at the age of 84. Soneye described John as a “quintessential administrator and oil & gas industry professional” who was the 5th GMD of NNPC. John had succeeded the late Dr. Aret Adams from April 1990 to June 1992. “He was also a Non-Executive Director, South Atlantic Petroleum (SAPETRO), Executive Chairman,…

The Attorney General and Commissioner for Justice in Rivers state, Prof. Zacchaeus Adangor, has resigned from the cabinet of Governor Sim Fubara. Adangor, a senior advocate of Nigeria, disclosed his intention via a resignation letter, forwarded on Thursday to the office of the governor of the state, Sir Siminalayi Fubara, through the office of the Secretary to the State Government. “NOTICE OF RESIGNATION AS HONOURABLE ATTORNEY- GENERALAND COMMISSIONER FOR JUSTICE, RIVERS STATE”, noted that his resignation is based on personal principles. He thanked the governor for the privilege to serve in his administration, adding that he and his family are…

By Halimah Olamide Minister of Trade and Investment, Dr. Doris Anite, has denied planning to spend a sum of N1bn on trips to Geneva, Switzerland . Explaining in a statement by the Special Assistant (Media) to the Minister of Industry, Trade & Investment, Toluwalase Moyan, on Wednesday, the minister said such reports were extreme misrepresentation of the facts. “We wish to categorically state that there is no line item in the proposed budget of the Federal Ministry of Industry, Trade, and Investment referring to any foreign trip to Geneva. “Rather, the only mention of Geneva in the proposed budget is…

By Halimah Olamide The festering insecurity in Abuja, the Federal Capital Territory came to the fore on Wednesday as an aide to the Minority Leader in the Senate, Abba Moro, was kidnapped. Emmanuel John Echeofun, who is the Media Adviser to Moro was said to have been kidnapped on his way to his Gwagwalada residence from the National Assembly after closing for the day. It was learnt that Echeofun’s kidnappers have made contact with family members demanding a sum of N10m or they would kill the aide.

By Kamil Opeyemi The Labour Party (LP) Governorship Candidate in Bayelsa, Udengs Eradiri, has approached the election petition tribunal, seeking the disqualifications of the Peoples Democratic Party (PDP) Candidate, Senator Douye Diri, and his APC counterpart, Chief Timipre Sylva. Eradiri, who rejected the results of the last governorship polls in the state, on Wednesday, insisted that he was the only eligible candidate who scored the valid votes cast and deserved to be declared as the duly elected governor of the state. Addressing stakeholders, ward and local government officials of the party at his Campaign office in Yenagoa, Eradiri said he…

By Kamil Opeyemi The Nigerian National Petroleum Company Limited (NNPCL) has generated N4.5 trillion as revenue for the federation for 2023 as at October, its Group Chief Executive Officer, Mr Mele Kyari has said. Kyari, said this in Abuja on Wednesday at an interactive session with the Senate Committee on Finance. He assured of better days were ahead, as reforms contained in the Petroleum Industry Act (PIA) for the oil sector, had placed the company at par with its peers, across the globe. “The NNPC Limited that is a creation of the National Assembly, requires that we conduct business transparently…

By Kamil Opeyemi The Director-General of the Nigeria Civil Aviation Authority (NCAA), Capt. Musa Shuaibu Nuhu was on Wednesday on the orders of President Bola Tinubu over allegations of corruption. The president said the decision was to allow what he called unfettered investigation into the allegations against the suspended DG. Nuhu is being probed by the Economic and Financial Crimes Commission alongside other senior officials in the Nigeria Civil Aviation Authority. In his place, the President named Capt. Chris Najomo as the Acting Director-General of the Nigeria Civil Aviation Authority immediately. A statement by Ajuri Ngelale said the president had…

By Hallimah Olamide Federal Universities, Polytechnics and Colleges of Education have been taken off from the Integrated Personnel Payment System (IPPIS). The approval for the removal of institutions was given by the Federal Executive Council at its meeting presided over by President Bola Tinubu on Wednesday at the Presidential Villa Abuja. The Minister of Education, Prof. Tahir Mamman disclosed this while briefing State House Correspondents alongside other ministers on the outcome of the FEC meeting, adding that the development is with immediate effect. It would be recalled that The Federal Government had in 2005 introduced the IPPIS as one of…

By Halimah Olamide The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has said it has not doubts over how realistic and realistic the projections for crude oil productions for the 2024 budget are. The company’s Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari, told Senate on Wednesday the projections are also realisable. Speaking during an interactive session with the Senate Committee on Finance, Kyari said, “With what we see in the market today and potentially in the year 2024 and even beyond the next two years, it is very unlikely to see $70 per barrel oil in…

In his breakdown of the proposal, the Governor said the budget consisted of Breaking: Governor Sanwo-Olu presents a total budget size of N2.246,234 Trillion, comprising a Total Revenue of N1.847,951 Trillion Naira and Deficit Financing of N398.283 Billion Naira He said the budget will be funded through Internally Generated Revenue and Total Federal Transfers as follows: Total IGR (N1.251,322 Trillion), and Total Federal Transfer (N596.629 Billion). “We equally propose a recurrent expenditure of N1.021 Trillion, comprising total overhead, total personnel cost and recurrent debt service broken down as follows: • TotalOverheadCost:N527.782Billion:thisismadeupof Overhead (N304.753 Billion), Subventions (N123.010 Billion) • DedicatedFundsamountingtoN100.02Billion •…