The Economic and Financial Crimes Commission (EFCC) has uncovered a staggering ₦80 billion in multiple bank accounts linked to a former managing director of one of the Nigerian National Petroleum Company Limited (NNPCL) refineries, as part of an ongoing investigation into an alleged $2.9 billion fraud involving the rehabilitation of Nigeria’s moribund refineries. The anti-graft
In a significant move to bolster economic cooperation and transparency, the Ministry of Petroleum Resources, alongside three key agencies under its supervision, recently participated in the International Monetary Fund’s (IMF) Article IV Consultation in Nigeria. The agencies involved were the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),
The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of a new senior management team comprising eight members, tasked with steering the company’s operations and strategic direction. The company also reshuffled key management positions to enhance its operational efficiency. A statement from the company’s spokesperson, Olufemi Soneye, revealed the development on Friday, noting
