Browsing: Petroleum Act

“We have streamlined and sharpened the role of the Minister. We have also enhanced the extensive reform of NNPC into two limited liability companies- the National Petroleum Company and Nigeria Petroleum Assets Management Company to ensure efficient and effective commercial performance. In carrying out our assignment we have ensured that the major lapses associated with prior institutional frameworks have been remedied.”

“Detectives are on the trail of the chief executives of the five companies. One of them was allegedly traced to London and we are expecting his arrest anytime from now. The EFCC and UK authorities have closed in on one of the oil chiefs in London.”