Connect with us

NEWS

Corruption: NNPC recovers $1.6bn from companies

Published

on

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, on Tuesday said the Corporation had recovered 1.6 billion dollars from some companies fleecing one of its subsidiaries.

Baru disclosed this in Abuja while fielding questions from newsmen after a visit by officials of the Chartered Institute of Forensic and Investigative Professionals of Nigeria (CIFIPN)

The Institute conferred an award of Honourary Fellow and Patron to Baru and  solicited partnership with the corporation during the visit.

CIFIPN is an anti-Fraud organisation saddled with the responsibility of providing skills to professionals from relevant fields on the use of science and technology to detect, prevent and investigate fraud and also put some measures to prevent future occurrence.

He said that its upstream subsidiary fleeced was the Nigerian Petroleum Development Company (NPDC) .

He also said that under his watch,  the corporation  had made significant progress in terms of fraud detection, prevention and control.

“There is a lot of sanity that has happened in the industry as a result of this. Recently, due to the work, we were able to get the Atlantic companies who were fleecing the NNPC subsidiary, the NPDC, and we got an award for them to refund 1.6 billion  dollars to the NPDC, through the arbitration process.

“We have also been able to stem fraud. High profile court cases were been set up to defraud the NPDC.

“ If you see the amount of money involved, if you do not have people who are determined to fight corruption, our chances would have been compromised by over 1.6 billion dollars.

“We have had cases, like NNPC versus IPCO, where they are demanding over 400 million dollars, and because of their activities,  we were able to settle out of court with them for 37.5 million dollars, which is a saving of several percentages, about less than 10 per cent of the total amount.” he said

Baru added that the recovery was possible as all staff of the corporation and its business partners had imbibe transparency in all areas of their operations.

Commenting on the honours, he assured that he would support the institute with his wealth of knowledge to help boost forensic investigation in the country.

“This institute’s intention is quite laudable  and conferment of  fellows on me will make me more determined to support them and being a patron will make me to share some of the knowledge I have,’’ he said

Earlier in her remarks, Dr Victoria Enape, the Pro-tem President of CIFIPN, said the institute had watched the GMD with keen interest since assumption of office.

“We are here to sincerely appreciate you for being a champion of anti-corruption in NNPC, especially being a former chairman of the anti-corruption committee and now the chief executive,

“We believe that NNPC should be one of the organisations free of corruption, having somebody like you who is a champion of anti corruption,’’ she said

She said the institute also recognised NNPC’s partnership with Nigeria Customs Service and Department of Petroleum Resources in the fight against petroleum products smuggling in the country.

This, she said, was commendable, adding that effort to manage oil marketers and maintaining adequate supply of products in the country had shown the high level of transparency and accountability in the operations of the corporation.

She said Nigeria had lost billions of money to fraud, corruption and cyber crime, which had left the country with near empty treasury.

Enape said that fighting corruption must be sustained for the nation to be developed.

“Corruption, fraud and Cyber crimes have become an Octopus with huge tentacles extending into facets of human endavours and sparing no one in the process, politics, business and sports,’’ she said .

She solicited the support of the corporation in ensuring that the institute was established for the growth and development of the country. 

Advertisement
Comments

NEWS

NUC, NYSC to block ‘fake’ foreign-trained graduates from service

Published

on

The National Universities Commission (NUC), in collaboration with the National Youth Service Corps (NYSC), on Tuesday said it had put measures in place to block fake foreign-trained graduates from partaking in the compulsory one-year national service.

The NUC said it would continue to ensure the credibility of certificates issued by Nigerian universities and block fake foreign-trained graduates coming into the country.

Its Executive Secretary, Prof. Abubakar Rasheed, spoke when the NYSC Director General, Brig.-Gen. Shuaibu Ibrahim, visited him at the commission’s headquarters in Abuja, the nation’s capital.

A statement in Abuja by the NYSC Director of Press and Public Relations, Adenike Adeyemi, regretted the challenges in vetting the certificates obtained from universities established by Nigerians outside the country.

The NUC chief said many universities produce quality graduates while some produce graduates who cannot defend their certificates.

He said the commission had not approved the degrees of some online universities operating in the country.

Rasheed added that the commission had approached the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to shut down some illegal universities operating in Nigeria.

“NUC and NYSC must work together to help the country in producing quality graduates. The NUC will continue to certify the credibility of certificates obtained from Nigerian universities,” he said.

The NYSC DG said the scheme will not issue Certificate of National Service to unqualified graduates.

Continue Reading

NEWS

Eid-el-kabir: FG declares Monday, Tuesday public holidays

Published

on

The Federal Government has declared Monday 12th and Tuesday 13th August as Public Holidays to mark the 2019 Eid-Al-Kabir celebrations.

The Permanent Secretary, Ministry of Interior, Barr. Georgina Ehuriah, who made the declaration on behalf of the Federal Government, congratulated the Muslim faithful on the occasion .

She called on all Nigerians, at home and in diaspora, to use the period of this year’s Eid-Al-Kabir celebration to embrace the virtues of love, humility, peace and sacrifice as exemplified by the Holy Prophet Mohammed.

She urged Nigerians to shun any form of disruptive tendencies and join hands with the Federal Government to build a peaceful, strong and united Nigeria so as to achieve an enviable Next Level of growth and development.

According to a statement by Director (Press & Public Relations), Mohammed Manga, the Permanent Secretary reaffirmed the determination of the President Muhammadu Buhari led-administration to protect the lives and properties of Nigerians, adding that Security Agencies under the Ministry have been directed to ensure the provision of adequate security, before, during and after the Eid-Al-Kabir celebrations.

She restated government’s desire for all Nigerians to live a life of sacrifice, charity and love for one another.

Bar. Ehuriah wished Nigerians a happy, peaceful and fulfilling Eid-Al-Kabir celebrations.

Continue Reading

ENTERTAINMENT

Why Buhari must act now, by comedian Ali Baba

Published

on

Foremost Nigerian stand-up comedian and actor, Atunyota Alleluya Akpobome, widely known as Ali Baba recently charged President Muhammad Buhari and Nigerians to be futuristic in their dreams.

The ace comedian who took to his social media page said the present administration needs to be proactive in creating the future for the next generation.

“Buhari needs to act now. He must start creating the future, developing our infrastructures and prepare them for the next generation,” he posted.

“The Eiffel Tower was built in the 1800s. Today, that structure is the centre of the economy of Paris. The Pyramids built in the days of Moses, still feed Egypt. The Walls of China. The leaning Tower of Pissa. The Ruins of Rome… What structures do we have, to drive economic development and help trigger different dreams. Where can you see those iconic landmarks in Nigeria?  How have their values been maximized? Visit our Museums. Yet we want the artefacts taken away, that are getting the best treatment, to be returned. Laughable.”

The 54 years old comedians, however described the present situation of the country as ‘hand to mouth,” “We live from hand to mouth. We sell the oil. Spend it. Drill for more oil. Spend it. And the fraction we even spend is small. The rest of the money stolen. We have been stolen blind. And the thieves are living large amongst us. And we can see them but can’t make them face the music.”

Ali Baba who after completing his academic degree in 1990, relocated to Lagos to develop his comedic talent said he still think about how people tried to discouraged him when he started doing stand-up comedy in 1988.

“In 1988, when I started doing standup comedy, there were many who told me that much. My father disowned me. His reason? He could not see any future in what I did. Many people are limited by history of things and what they already know. Those who create the future get triggered by things that can be seen in the future.

“I look back now and think about how many people tried to discourage me. Those who thought the ladder to success, was exclusively by climbing as a Doctor, Lawyer, Engineer, Banker, Architect, Accountant, Civil Servant… Today, there are comedians who are worth 3 billion (more or less) in assets and liquid cash. There are comedians, whose social impact and economic value has empowered many who are in those core walks of life mentioned above.”

Continue Reading

ADVERTISEMENT

ADVERTISEMENT

Advertisement

ADVERTISEMENT

Registration for Makeup and Gele training is ongoing for the following categories: *Beginners to Professional Training (5 Weeks) *Advanced Classes (2 weeks) *Personal Training (2 weeks) For further enquiries, please Call or WhatsApp: 08034695299

IN THE NEWS