Connect with us

latest

Reps Launch Probe Into NNPCL’s OVH Energy Acquisition – Ugochinyere

Published

on

Reps Launch Probe Into NNPCL’s OVH Energy Acquisition – Ugochinyere

 ....KINDLY READ THE FULL STORY HERE▶

The House of Representatives has initiated an investigation into the acquisition of OVH Energy Marketing by the Nigerian National Petroleum Corporation Limited (NNPCL), according to Hon. Ikenga Ugochinyere, Chairman of the House Committee on Downstream Petroleum……CONTINUE READING

 

 

 

 

 

 

 

NNPCL had previously announced its acquisition of OVH Energy Marketing, the owner and operator of Oando downstream assets, in October 2022.

Following a petition from the Nigeria Transparency Council (NTC), the House of Representatives is now scrutinizing the acquisition process. The NTC raised concerns about the payment of N140 billion for the acquisition and called for a thorough investigation.

Gov Fintiri’s Cousin, Others Murdered As Boko Haram, ISWAP Storm Adamawa In Joint Operation.

Hon. Ikenga Ugochinyere confirmed the ongoing investigation, stating, “We received a petition and are currently studying it; we will make a comment within the shortest possible time.”

In its petition to the Reps, the NTC urged lawmakers to examine the acquisition agreement, assets acquired, and other relevant aspects of the process. The group expressed dissatisfaction with the lack of a proper investigation in previous probes and alleged non-observance of due process.

The NTC also claimed that the acquisition agreement between NNPCL Retail and OVH had not been formalized, raising suspicions about the post-acquisition proceedings. The group requested an investigation into the products provided to both entities, the destination of payments and revenue, and the legal business relationship between them.

Abba Moro Stands Firm: PDP Loyalty Unshaken Amid Defection Rumours.

The committee has been given a 10-day ultimatum by the NTC to commence a public investigation into the OVH Energy acquisition, or the group threatens to take the matter to court.

Earlier, Mele Kyari, the Group Chief Executive Officer of NNPCL, defended the corporation against any wrongdoing in the acquisition during an investigative hearing in September 2023. Kyari emphasized that the acquisition was a strategic business decision that had proven successful within a year, with over 900 fuel stations across the country and about 30 percent market control in the downstream sector.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Advertisement

latest

Social Media Drama As Seun Kuti And VeryDarkMan Unfollow Each Other.

Published

on

Popular Nigerian influencer VeryDarkMan and singer Seun Kuti have unfollowed each other on Instagram, a move that has sparked widespread speculation online.....KINDLY READ THE FULL STORY HERE▶

The development comes amid VeryDarkMan’s ongoing legal dispute involving Blord, and has triggered rumours of a possible fallout between the two public figures.

Although the exact cause of their rift remains unclear, Seun Kuti fueled further reactions after posting a viral Instagram story on Wednesday, where he appeared to mock VeryDarkMan’s supporters, known as the “Ratel” community.

Shock As Burna Boy Falls Ill Amid Mounting Backlash And Cancelled Shows.

In the post, the singer wrote: “You are rats, not ratels. Why una dey disguise?”

The social media tension is coming just weeks after VeryDarkMan publicly supported Seun Kuti during his disagreement with Wizkid over alleged disrespect to the legacy of Fela Kuti.

Abba Moro Stands Firm: PDP Loyalty Unshaken Amid Defection Rumours.

Reports also indicate that VeryDarkMan, who had previously been seen as a close associate of Seun Kuti, recently visited Fela Kuti’s grave where he reportedly performed a ritual involving a ram.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

latest

Delta Community Demands Autopsy, Independent Probe Into Death Of Reps Speaker’s Aide.

Published

on

The Ute Okpu Kingdom in Ika North East Local Government Area of Delta State has suspended the burial of late Dr Chamberlain Nnamdi Dunkwu pending the outcome of an independent autopsy to determine the actual cause of his death.....KINDLY READ THE FULL STORY HERE▶

Dr Dunkwu, who served until March 7, 2026, as Deputy Chief of Staff (Legislative) to the Speaker of the House of Representatives, Abbas Tajudeen, has been at the centre of growing concerns within his community over the circumstances surrounding his passing.

The community dismissed reports suggesting that burial arrangements had already been concluded, describing them as false and misleading amid rising suspicions about how he died.

This position was contained in a joint statement issued by the Obi of Ute Okpu Kingdom, the Elders-in-Council, traditional chiefs, youth groups, the Uwizimas, and members of the Dunkwu family led by Chief Augustine Dunkwu.

We Are An Independent Country – Iran Blasts Trump Over Comment On Choosing Next Leader

Community leaders called on relevant authorities, including the Nigeria Police, the Ministry of Health, and other government agencies, to urgently ensure an independent medical examination is carried out.

They emphasised that no burial date has been fixed, stressing that burial will remain on hold until a full autopsy is completed to establish the true cause of death.

According to the statement, the decision was based on cultural, legal, and emotional considerations, noting that the circumstances surrounding the death remain unclear and require proper investigation.

The community also argued that an autopsy is necessary to ensure accountability and prevent similar incidents in the future, insisting that any wrongdoing must not go unaddressed.

Citing traditional beliefs, they maintained that their customs do not permit the burial of any person whose death is surrounded by doubt, stating that truth must precede burial rites.

Breaking: Senate Calls On Nigerian Government To Allocate 10% Of Budget To Agriculture

On legal grounds, the statement referenced standard procedures for sudden or unexplained deaths, calling for compliance with relevant coroner laws and medical protocols that require autopsy in such cases.

The community reaffirmed its willingness to cooperate fully with investigative authorities, stressing that it is not opposing burial but insisting on due process and clarity.

They further stated that once the autopsy is concluded and findings are released, a proper and dignified burial would be conducted.

The statement ended with a unified stance from all stakeholders in Ute Okpu Kingdom: “In the interest of justice, tradition, and the safety of our people, we stand united: No autopsy, no burial.”

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

latest

Troops Intercept Suspected Terrorist Logistics Supplier In Borno Operation.

Published

on

Troops of Operation HADIN KAI have arrested a suspected Islamic State West Africa Province (ISWAP) and JAS logistics supplier in Borno State and intercepted a quantity of Premium Motor Spirit (PMS) allegedly concealed in a tricycle.....KINDLY READ THE FULL STORY HERE▶

Security analyst in the Lake Chad region, Zagazola Makama, disclosed this in a post on X, noting that the arrest was made at about 9:10 a.m. on April 21 by personnel of 159 Battalion at a checkpoint within Sector 2 Area of Responsibility.

BREAKING: Governor Fubara Vows Financial-Support For Rivers State University's Ascent To Excellence (Details)

According to him, the suspect was found transporting PMS hidden in 15 sacks, which were reportedly disguised with bags of sachet water in an attempt to avoid detection by security operatives.

Preliminary investigations suggest that the fuel consignment was intended for delivery to Kanama town and nearby communities around Dikwa and Bultuwa, areas believed to be under terrorist influence.

Nigeria’s Woes Started May 29 After Tinubu Was Sworn-In – Babachir Lawal

Makama further stated that items recovered from the suspect included a mobile phone and the sum of N34,950.

He added that the suspect and all recovered exhibits are currently in military custody for further investigation and appropriate action.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

Trending

Copyright © 2023 NIVONEWS

×