Twenty-four hours after the Federal Government replaced the Group Managing Director of the Nigerian National Petroleum Corporation, it announced the sacking of all the eight executive directors of the corporation.

This was confirmed by the Group General Manager, Group Public Affairs Division, NNPC, Mr. Ohi Alegbe, in a statement on Wednesday night in Abuja.

Alegbe said in the statement, “The Federal Government has approved the retirement of all eight group executive directors of the NNPC with immediate effect.

“The affected group executive directors are Mr. Bernard Otti, GED, Finance and Accounts; Dr. Timothy Okon, acting GED, Exploration and Production, who also doubled as the Coordinator, Corporate Planning & Strategy; Mr. Adebayo Ibirogba, Engineering and Technology; Dr. David Ige, Gas and Power; Ms. Aisha Abdurrahman, Commercial and Investment; Dr. Dan Efebo, Corporate Services; Mr. Ian Udoh, Refining & Petrochemicals; and Dr. Attahiru Yusuf, Business Development.”

The statement noted that the new Group Managing Director of the NNPC, Dr. Ibe Kachikwu, personally conveyed the Federal Government’s decision to the GEDs.

He expressed gratitude to them for their services to the corporation and wished them success in their future endeavours.

No replacements were named, but our correspondent gathered that four new group executive director positions had been created and that some names were already being considered by President Muhammadu Buhari to fill them.

Sources at the corporation gave the new directorates as of Refining and Engineering, Exploration and Production, Commercial and Investment, and Finance.

Buhari had a week ago, pledged to fix the oil sector, rid the industry of rot and recover money stolen by operators in the sector.

On Tuesday, he relieved Dr. Joseph Dawha of his appointment as the GMD of the national oil firm, replacing him with Kachikwu, who until his appointment was the Executive Vice Chairman and General Counsel of Exxon-Mobil (Africa).

The President had in late June dissolved the NNPC board.

The Federal Government, through the NNPC, regulates and participates in the country’s petroleum industry.

The NNPC was established on April 1, 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel.

The law that created the firm permits it to manage the joint ventures between the Federal Government and some foreign multinational corporations, including Shell, Agip, ExxonMobil, Chevron and Total.

Through the collaboration with the companies, the Federal Government conducts petroleum exploration and production.

But industry observers had on several occasions complained that the corporation lacked supervision, stressing that it had degenerated to a rent-collector for the government with less attention to transparency and accountability.

On Tuesday, the New York-based Natural Resources Governance Initiative canvassed the need to overhaul the management of the country’s oil sales process by the NNPC as top priority for the Buhari-led administration to stem waste and loss of billions of dollars in revenue.

The international watchdog said in one of its latest reports that the NNPC’s approach to oil sales was suffering from high corruption risks and had failed to maximise returns for the nation.

The authors of the NRGI report, led by Aaron Sayne, said, “We find that management of the NNPC’s oil sales has worsened in recent years, and particularly since 2010. The largest problems stem from the rising number of ad hoc, makeshift practices the corporation has introduced to work around its deeper structural problems.”

The NNPC receives about one million barrels of oil per day, or almost half of the country’s total production, part of which is sold to its subsidiary, Pipelines and Product Marketing Company, for the country’s refineries, while a larger volume is sold to traders.
http://www.punchng.com/news/buhari-fires-eight-nnpc-group-executive-directors/

hm

Lalasticlala

Ambode is trying..kudos man.. LOLS

The Lagos State Government has released N11bn to offset pension liabilities in arrears in the state since 2010.

The government said the move was to bring succour to all retirees in the Lagos State Public Service.

The Head of Service, Mrs. Folashade Jaji, on Wednesday in Alausa, Ikeja, said the state Governor, Akinwunmi Ambode, had directed that the sum should be used to pay the pension liabilities of the Lagos State Government mainstream retirees and the retirees in local governments areas and parastatal organisations.

Jaji said, “The development is part of efforts put in place by the present administration to find a holistic solution to the issue of payment of pension entitlements to retirees under the pay-as-you-go pension scheme which was discontinued in April 2007, as well as outstanding accrued pension rights due to retirees under the contributory pension scheme.

The Head of Service said the government had developed a comprehensive payment plan to resolve all outstanding pension issues in the short, medium and long terms.

She said, “The short or immediate term plan is for pension payments to ministries, departments and agencies and parastatals, including local government areas and SUBEB, which will be made monthly commencing from August, 2015.”

Jaji said the efforts were the outcome of painstaking deliberations by the Public Service Pensions Office, the Lagos State Pensions Commission, the Head of Service and the governor to “reduce, if not totally clear,” the outstanding liabilities due to retirees in the mainstream public service, LGAs and parastatals in the state.
http://www.punchng.com/news/lagos-releases-11bn-for-pension-payment/

ess

.

ok

okokobioko

okkkk

hmmmm

hmmmmmm

lmao

OREMUSSANCTUS:
Who ask dis old full question na?

naso

nice

well..was he able to solve it or loot all the money away??



Lalasticlala
Barcanista
Ishilove
Seun
apcsucks
Apcisajoke

ok

Former President Olusegun Obasanjo on Tuesday identified bunkering and vandalism as the “most challenging problems’’ that confronted his eight-year tenure as Nigeria’s President.
Obasanjo made the remark at his Hill top residence in Abeokuta when he received Mr Ade Abolurin (rtd), the former Corp Commandant, Nigeria Security and Civil Defence Corp (NSCDC).
He said that in his bid to effectively tackle vandalism, he ensured that he institutionalised the NSCDC through an Act of Parliament.
Olusegun Obasanjo
Olusegun Obasanjo
Obasanjo said he had no regret for doing that because the corp had turned out to be one of the government agencies that “I am very, very proud of.”
“Some of the things that I had to confront during my tenure as President of Nigeria were pipeline vandalism, holdup, and stealing of crude oil.
“That stealing is what they call bunkering; there is nothing like bunkering, it is outright stealing.”
“We used all the available agencies and resources; and your organisation as a voluntary organisation, unpaid, unremunerated, unrecognised and not institutionalised, was doing great job without being armed and without being equipped.
“That meant the height of commitment, nationalism, patriotism and service to fatherland and service to humanity.
“Of course, I didn’t hesitate to move ahead for an Act of Parliament to be able to organise you into what you are today,” he said.
Obasanjo commended Abolurin for leading the organisation to an enviable height.
He expressed hope that his successor would be able to maintain, if not improve on the standard left behind by Abolurin.
He said: “one of the major problems of this country is lack of continuity.
“I hope in your own case and this organisation, there would be continuity; continuity not for the man coming after you to do everything exactly like you have done it.
“It is not possible even if the person coming after you is your biological son, he wouldn’t do everything the way you would want to do it.
“As I am talking to you, I am also talking to your successor and I believe that where you have taken this organisation to, those coming after you will be able to build over it.”
Obasanjo said there were some essential things that should be preserved and maintained, especially the issue of value, integrity, commitment, patriotism.
“Those cherished values and virtues that you have maintained in this organisation should be maintained,” he said.
Earlier, Abolurin, an indigene of Abeokuta, said he escaped several attempts to assassinate him while office.
“The journey was rough, tough and challenging but I was able to stand tall and I am returning a champion and conqueror,” he said and promised to stay in touch with his successor.
- See more at: http://www.vanguardngr.com/2015/08/vandalism-bunkering-major-challenges-during-my-tenure-obasanjo/#sthash.xatZzmmI.dpuf

lalasticlala

this is coool

he Senate on Tuesday confirmed the appointments of the service chiefs after over four hours of rigorous screening behind closed doors.

The closed-session which started at about 11:25am, ended around 3:45pm.

The officers who answered various questions from the senators are Major General Abayomi Olonishakin, Chief of Defence Staff; Major General Tukur Buratai, Chief of Army Staff; and Rear Admiral Ibok-Ete Ibas, Chief of Naval Staff.

Others are Air Vice-Marshal Sadique Abubakar, Chief of Air Staff; Air Vice-Marshal Monday Morgan, Chief of Defence Intelligence, and retired Major General Babagana Monguno, National Security Adviser.

The Senate President, Bukola Saraki, who presided over the session, explained after the screening that issues of insurgency, oil theft and procurement process of military equipment and hardware were throughly addressed.

The senators unanimously gave a resounding approval through voice votes when Saraki put the question of whether the senate would confirm or reject the appointments after the screening.

Saraki after the approval said, “It is clear that the appointment is based on merit. Their appointment as we all see is coming at a very crucial time with a lot of challenges, particularly the insurgents in the North-East and some of the other security issues.

“For example, the issue of oil theft that we talked about when they came before us. We hope that during their period of time, they will take up the responsibility required. We are all keen to restore the image and reputation of the Armed Forces.

“I believe that what we are starting today with their confirmation is the beginning of that journey to restore the glory of the Armed Forces of our great country.”
http://www.punchng.com/news/senate-confirms-cds-service-chiefs/

okokobioko

jkg/lf.c