Connect with us

Oil & Gas

Senate rejects NNPCL’s Explanations on unaccounted N210trillion …threatens to subpoena former GMDs

Published

on

By Our Correspondent

The Senate Tuesday through its committee on Public Accounts , rejected written explanations forwarded to it by management of the Nigerian National Petroleum Company Limited ( NNPCL) on unaccounted N210trillion from 2017 to 2023.

The Committee headed by Senator Aliyu Wadada Ahmed ( Nasarawa West) had on the strength of 19 different queries raised against NNPCL by Office of the Auditor – General of the Federation in the financial reports of 2017 to 2023 , directed NNPCL to account for N210trillion financial infraction as contained in the reports .

Though the management of NNPCL in line with the directive, responded to the 19 queries through written explanations but failed to physically appear before the Committee on Tuesday ( November 11, 2025) as earlier suggested and agreed .

Irked by the development , the committee through its Chairman at the session , slammed the Group Chief Executive Officer ( GCEO) of NNPCL, Engineer Bayo Ojulari for offensive evasiveness which according to him, will not make the committed recognise any representation from NNPCL again ,

He said : ” Today, November 11, 2025, was a date chosen by NNPC. it is rather unfortunate that none of the officials of NNPC is here on a date they themselves chose.”

“The public has been waiting for this. It is important that we keep Nigerians informed. Even though we cannot conclude today in the absence of NNPC officials, the committee must share our findings based on the responses already submitted by NNPC.”

He revealed that NNPC’s financial submissions raised serious red flags — particularly claims of ₦103 trillion in accrued expenses and ₦107 trillion in receivables, totaling ₦210 trillion between 2017 and 2023.

“NNPC claimed ₦103 trillion as accrued expenses and ₦107 trillion as receivables — amounting to ₦210 trillion. On question eight, NNPC’s explanation on the ₦107 trillion receivables — equivalent to about $117 billion — contradicts available facts and evidence provided by NNPC itself. The committee is duty-bound to reject this”, he said

He further questioned how NNPC could pay ₦103 trillion in cash calls to joint venture partners in 2023 alone, despite generating only ₦24 trillion in crude revenue between 2017 and 2022.

> “Cash call arrangements were abolished in 2016 under the Buhari administration. How can NNPC claim to have paid ₦103 trillion in one year, when it only generated ₦24 trillion in revenue over five years? Where did NNPC get that money?

“As far as this committee is concerned, that figure is unjustifiable and unacceptable. The ₦103 trillion must be returned to the Treasury. This will be concluded when NNPC appears before us.”

He added that the committee also outrightly rejected the ₦107 Trillion receivables which stand for assets in accounting.

“NNPC claimed of ₦107 trillion as receivables — part of which they said was held in defunct banks. However, no bank or amount was named.

“This lack of transparency is unacceptable. By the time you combine both figures — ₦103 trillion and ₦107 trillion — NNPC must account for ₦210 trillion.

“If the present management of NNPC is finding it difficult to provide acceptable answers, it is better they say so. The committee will not hesitate to subpoena former officials of NNPC and NAPIMS.

“NAPIMS, by law, is a department under NNPCL and cannot maintain an independent account. Yet, NAPIMS has been operating as if it were a separate entity”, he stressed .

He warned that any future absence of NNPC’s Group Chief Executive Officer (GCEO) before the committee would no longer be tolerated.

> “At any point this committee invites NNPC, the Chief Executive must appear in person. Being out of the country will no longer be accepted as an excuse. The next invitation will require the GCEO’s physical presence.”

In their separate remarks , all members of the committee present at the session , supported the decisions announced by the Chairman .

Oil & Gas

HOSTCON Youth Council of Nigeria passes vote of confidence on PINL MD/CEO over achievements in crude oil production, others

Published

on

By

By David Owei

Youths from Niger Delta Communities under the Host Communities Youth Council of Nigeria (HOSTCON-YCN) have passed a vote of confidence on the management team of the Pipeline Infrastructure Nigeria Limited (PINL) led by the managing Director/Executive Officer, Osahon Okunbo Jnr over recent achievements in crude oil production above OPEC quota, protection of nation’s Oil&Gas assets.

The group also commended the managing Director/Executive Officer, Osahon Okunbo over his display of exceptional display of leadership professionalism, transparency and unwavering commitment by the PINL to protecting Nigeria’s strategic oil and gas assets.

According to HOSTCON-YCN, despite ensuring that the nation’s oil and gas assets are secured, they ensured the promotion of sustainable development across host communities.

HOSTCON-YCN, in a statement issued following the successful conclusion of the National Executive Council Mid-Term Meeting and Annual Board of Trustees Review held in Abuja, noted with satisfaction, the recent recognition that improved pipeline security and community collaboration have contributed significantly to Nigeria exceeding its OPEC crude oil production quota for the first time in 2026.

According to the statement, “Industry reports have attributed this achievement to enhanced surveillance, stronger stakeholder partnerships, and improved protection of the Trans Niger Pipeline, resulting in increased crude oil production, improved operational stability, and renewed investor confidence in Nigeria’s petroleum sector.”

The HOSTCON-YCN in the statement signed by its President, Senior comrade EMMANUEL FIAWEI PATHFINDER on behalf of the members of the National Executives with the board of trustees, commended PINL for demonstrating that effective engagement with host communities remains one of the strongest weapons against crude oil theft, illegal refining, pipeline vandalism, and economic sabotage.

“The Council particularly applauds the company’s community-driven operational model, which has strengthened peace, reduced youth restiveness in many operational areas, enhanced intelligence gathering, and built confidence between government, oil companies, traditional institutions, youths, women, and host communities.”

“The Council further acknowledges PINL’s remarkable investment in human capital development through its Host Communities Scholarship Programme.”

” The initiative has expanded from a transparent community allocation model to a broader programme covering about 1,500 scholarship beneficiaries across Rivers, Bayelsa, Abia, and Imo States.”

” The programme provides substantial financial support for undergraduate and postgraduate students, thereby creating educational opportunities for deserving youths from pipeline host communities and promoting long-term socio-economic development.”

HOSTCON-YCN equally recognised the company’s sustained implementation of Corporate Social Responsibility (CSR) initiatives, empowerment programmes, stakeholder consultations, community development interventions, and its continued efforts to build enduring relationships with traditional rulers, youth organisations, women groups, and other critical stakeholders throughout the Niger Delta.

“The Council specially commends the General Manager, Community and Stakeholder Relations, Dr. Akpos Mezeh, and the Director of Operations and Stakeholder Engagement, Chief Seriake Alamieyeseigha, for their outstanding professionalism, strategic leadership, and tireless commitment to peaceful engagement with host communities.”

” Their dedication has helped strengthen confidence among stakeholders and has contributed significantly to the operational successes recorded by the company.”

“The Host Communities Youth Council of Nigeria also acknowledges the various empowerment initiatives targeted at women, youths, and vulnerable groups across host communities, including scholarship opportunities, skills development, community partnerships, and other social investment programmes that continue to improve livelihoods and foster sustainable development.”

Accordingly, HOSTCON-YCN called on all host communities, youths, traditional rulers, community leaders, women organisations, security agencies, government institutions, and industry stakeholders to continue supporting PINL in safeguarding Nigeria’s critical oil and gas infrastructure, protecting national economic assets, and sustaining the remarkable progress that has positioned Nigeria for improved crude oil production and enhanced revenue generation.

“The Council remains committed to partnering with all responsible stakeholders in promoting peace, security, environmental sustainability, and inclusive development throughout the Niger Delta.”

Continue Reading

Oil & Gas

Train 7 Hits 90% Completion, Generates 16,000 Jobs as NCDMB, NLNG Advance Local Content

Published

on

By

By David Owei

The leadership of the Nigerian Content Development and Monitoring Board (NCDMB) and the NLNG Ltd have reaffirmed recommitment to deepen the existing close collaboration between the agencies, towards enhancing in-country value addition from operations of the gas processing and marketing company, for the benefit of the Nigerian economy.

This renewed commitment was made on Wednesday when the Managing Director and Chief Executive Officer of NLNG, Engr. Adeleye Falade paid a courtesy visit to the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe at the Board’s liaison office in Lagos.

Speaking during the visit, Falade said the company remains focused on deepening Nigerian Content, strengthening indigenous capacity and retaining greater in-country value across its gas value chain. He confirmed that ongoing construction of its Train 7 project had reached 90 percent and pre-commissioning activities had started. He said plans are afoot to commission the new facility in 2027 and increase NLNG’s overall production capacity by 35 percent.

He expressed delight that the Train 7 project had created direct employment opportunities for 16,000 persons on the site, reducing insecurity and impacting positively on the nation’s socio-economic stability.

He lauded the close collaboration between both entities, recalling that they pioneered many initiatives together for the benefit of the sector, affirming that such accomplishments would be surpassed under his leadership.

He assured that NLNG remains committed to sustained engagement with NCDMB in support of Nigerian Content development, local capacity growth, and increased participation of Nigerian companies in the oil and gas value chain. He said the company would continue to pursue partnerships that translate Nigeria’s gas resources into broader economic opportunities for businesses, professionals, service providers, and host communities.

“NLNG values its relationship with NCDMB and remains fully committed to the shared goal of strengthening Nigerian Content in the oil and gas industry. As a major player in Nigeria’s gas sector, we recognise our responsibility to support indigenous capacity, grow local supply chains, and ensure that our activities continue to deliver meaningful value to the Nigerian economy,” Falade said.

He further stated that NLNG would sustain its focus on practical areas of collaboration with the Board, including vendor development, skills enhancement, technology transfer, local procurement, and value retention.

“Our commitment is to work closely with the Board in a manner that is deliberate, measurable, and impactful. We want NLNG’s operations and partnerships to continue opening doors for Nigerian businesses, building competitive local capabilities, and supporting the long-term growth of Nigeria’s gas industry,” he added.

In his response, the Executive Secretary congratulated Engr. Falade on his appointment and promised that NCDMB would support him to succeed in his role. He confirmed that NCDMB and NLNG share a relationship that is beyond regulator and operator, recalling how the Board and NLNG in June 2017 signed the first of its kind Service Level Agreement (SLA) on Nigerian Content project approval

timelines and compliance, which later became a template for the oil and gas industry.

He further charged NLNG to enhance its support on the Brass Shipyard project, which is the capacity development initiative (CDI) on the Train 7 project. He commended the company for collaborating with NCDMB on the project, which will establish a drydock facility, a key oil and gas infrastructure that will benefit of NLNG’s business as well as the entire country.

He expressed hope that the project can be completed within the tenure of the NLNG management, to create employment opportunities and infrastructural development.

The meeting formed part of NLNG’s broader engagement with key industry stakeholders and reinforced the company’s commitment to sustained collaboration, local capacity development and the advancement of Nigerian Content across the oil and gas value chain.

Continue Reading

Oil & Gas

TNP: NNPCL Charges Host Communities on Vigilance Against Saboteurs

Published

on

By

‎By David Owei,Bayelsa

‎The Nigeria National Petroleum Corporation Limited- Project Monitoring Office (NNPCL-PMO) has charged  host communities of the Trans Niger Pipeline (TNP) to remain alert so as to guide against activities of vandals and economic saboteurs.

‎Head of Field Operations, Eastern Corridor of NNPCL-PMO, Engr. Akponime Omojewve gave the charge at a stakeholders meeting convened by Pipeline Infrastructure Nigeria Limited (PINL) for pipeline host communities in Bayelsa State.

‎Omojewve who spoke against the reported infraction on the TNP in Odua community, Abua/Odual LGA of Rivers State, noted that Bayelsa for the last six months has recorded no infraction on the pipelines in the state.

He however, said that there was need for increased vigilance to ensure that the state continues to maintain its zero infraction ratings.

‎The NNPCL official who noted that protecting the nation’s critical assets is a collective responsibility, urged the host communities to promptly report activities of suspicious persons around the pipeline right of way to the surveillance guards and security agencies.

‎”We don’t have any infraction as far as the Bayelsa axis is concerned, but as much as possible, we would still like to crave your indulgence, just like what we are passing through in Odua community. We want to crave your indulgence that at any point in time, you see people that are not from your community in numbers, especially young men.
Please don’t hesitate to alert PINL or the security people, ” he appealed.

‎Omojewve while commending the community leaders and stakeholders for their support for PINL, emphasized that early information would aid in averting any damage to the lines.

‎Addressing the stakeholders, General Manager, Community and Stakeholders Relations of PINL, Dr Akpos Mezeh, stated that the peoples support has yielded great result as the TNP has remained in optimal production while helping the country to surpass the Organization of Petroleum Exporting Countries (OPEC) production quota for the month of May, 2026.

‎According to figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on 11 June, national oil output rose by 2.2 per cent in May, from 1.66 million barrels per day in April to about 1.70 million.

Crude oil production averaged 1.53 million barrels per day, above the country’s OPEC quota of 1.5 million for the first time this year.

‎Represented by Mr. Ebikeme Andrew, Head,  Community Relations of (PINL), Mezeh said the improvement reflected stronger operational stability on the TNP, deeper community participation, and a shared resolve among government, security agencies and host communities to reject crude oil theft and pipeline vandalism.

‎ “The Trans Niger Pipeline continues to record remarkable operational stability,” he said, adding that more reliable infrastructure was contributing to government revenue, energy security and investor confidence.

‎He lamented the recent attack on the Trans-Niger Pipeline (TNP) by suspected armed men on 15th June 2026 around the Odau axis, Zone 8 in Abua/Odua Local Government Area of Rivers State, warning that such actions have far-reaching consequences such as environmental risks, including pollution and ecosystem degradation, while also threatening the livelihoods of host communities whose economic activities depended on a safe and healthy environment.

‎PINL therefore called on all stakeholders, community leaders, youths, contractors, surveillance personnel, and security agencies to remain vigilant and continue to work together in protecting all vital national assets.

‎Dr. John-John Onyifie, a stakeholder in Yenagoa called for the introduction of “check the checker” principle amongst the security agents and surveillance guards securing the pipelines to eliminate the chances of insider conspiracy.

He regretted the damage to the lines in Odau community, assuring that Bayelsa communities would remain vigilante and ensure that nobody tampers with the lines.

Continue Reading

Latest

Politics7 hours ago

Kidnapped Oyo Pupils, Teachers Regain Freedom After 56 Days in Captivity,NAWOJ commends FG, Oyo Govt

By Our Oyo Corredpondent The long abducted pupils and teachers from three schools in Oriire Local Government Area of Oyo...

Politics19 hours ago

HURIWA Applauds Evacuation of Nigerians from South Africa, – Demands Compensation for Victims, -Urges Diplomatic Sanctions Over Repeated Xenophobic Attacks

By George Mgbeleke The Human Rights Writers Association of Nigeria (HURIWA) commends the Federal Government of Nigeria and Air Peace...

Politics20 hours ago

Stop voting by tribe, religion, Yoruba activist backs Atiku for 2027

By Our Correspondent South-West governance activist, Dr. Jackson Lekan Ojo, has urged Nigerians to jettison ethnic and religious sentiments and...

Politics21 hours ago

Respect S/Court Judgement-SDP Urges Ex-Nat.Chairman, Shehu Gabam

By George Mgbeleke The Social Democratic Party (SDP) has advised its expelled former National Chairman, to respect the judgement of...

Business & Economy22 hours ago

Rivers 2026 Budget Gov. Fubara presents N1.8tri. ……Reaffirms Commitment to Prudent Management of Resources

By George Mgbeleke Governor of Rivers State, His Excellency, Sir Siminalayi Fubara on Friday, presented the 2026 Budget estimates of...

Business & Economy23 hours ago

Grow Blue Economy in the Niger Delta.” ~ Bayelsa Monarch Tells FG, State Govts

By David Owei,Bayelsa The Acting Amayanabo of Okpoama Kingdom in Brass Council Area, High Chief Nathan Egba-Dienegha has called on...

Law & Crime23 hours ago

Minna Court adjourns ruling on suit by an APC Aspirant seeking amendment to his Name challenging party’s primary declaring Prof Yakubu Auna as candidate

By Uthman Baba-Naseer,Minna The Federal High Court sitting in Minna, Niger State, has adjourned ruling till 16 July for Application...

Business & Economy1 day ago

Market Demolitions, Poor Infrastructure Threaten Traders’ Survival” — Lagos Market Leader Cry out

By Our Lagos Correspondent Disturbed incessant demolition of markets in Lagos state, President of Ndigboamaka Progressive Market Association, Comrade Chinedu...

General News1 day ago

Tinubu Unveils Remodeled Abuja City Gate, Hails It As “Symbol of Unity” for FCT’s 50th Anniversary

By Our Correspondent President Bola Ahmed Tinubu has commissioned the newly remodeled Abuja City Gate, describing the landmark as a...

Law & Crime1 day ago

Gov Okpebholo Seeks Traditional Rulers’ Collaboration to Tackle Insecurity

By Our Edo Correspondent In a bid to flushout crimes in fhe state,Edo State Governor, Senator Monday Okpebholo is seeking...

Trending