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The Minister of Transport Rotimi Amaechi today appeared before the Committee on Nigerian Content Development and Monitoring in the House of Representatives chaired by Rt. Hon. Legor Idagbo in continuation of the investigative hearing on the alleged breach of the Local Content and Cabotage Acts by the Nigerian National Petroleum Corporation NNPC. The petition was brought to the Committee by the Ship Owners Association of Nigeria SOAN. Also appearing were the Group Managing Director GMD of Nigerian National Petroleum Corporation NNPC Mele Kyari who was represented by the Group Executive Director, Gas & Power, (MD, NIKORMA) (Shipping) AbdulKabir M. Ahmed, Group Executive Director, Downstream NNPC, Adeyemi Adetunji, Director General of NIMASA, Dr. Bashir Jamoh and Executive Director, Maritime Labour & Cabotage Services NIMASA, Rt. Hon. Engr. Victor Onyekachi Ochei. Speaking, the Executive Director, Maritime Labour & Cabotage Services NIMASA, Rt. Hon. Engr. Victor Onyekachi Oche...

The Nigerian National Petroleum Corporation on Sunday put the worth of crude oil and gas exported from Nigeria between May 2019 and May 2020 at $4.47bn. It also stated that the corporation remitted a total of N1.83tn to the Federation Account Allocation Committee during the same period. In its just released financial and operations report for May 2020, the oil firm further noted that a total export sale of $174.80m was recorded in May 2020, representing a 10.73 per cent decrease when compared to the preceding month. It said crude oil export sales contributed $120.50m (68.94 per cent) of the dollar transactions for the review period, compared with $148.86m contribution in the previous month, while the export gas sales amounted to $54.29m in the month of May 2020. “The May 2019 to May 2020 crude oil and gas transactions indicated that crude oil and gas worth $4.47bn was exported,” the corporation stated. It said a total export receipt of $133.16m was recorded in May 2020 as against ...

  The House of Representatives has threatened to petition the President, Major General Muhammadu Buhari (retd.), over heads of ministries, departments and agencies of the Federal Government, who shun its summons. The House Committee on Public Accounts, at its investigative hearing on Wednesday, expressed its displeasure with the top government officials, who allegedly refused to answer invitations to explain financial irregularities traced to their agencies or to clarify some records provided by other agencies. The committee was particularly miffed by the non-appearance of the Governor, Central Bank of Nigeria, Godwin Emiefele; Group Managing Director, Nigerian National Petroleum Corporation, Melee Kyari; Managing Director, Nigerian Ports Authority, Hadiza Bala Usman; and the Director-General, Bureau for Public Enterprises, Alex Okoh.The National Emergency Management Agency and the Petroleum Equalisation Fund also failed to appear before the committee. They had been summoned by the...