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BREAKING: How Tinubu Lied To Nigerians In Nationwide Broadcast As OPEC Data Shows Oil Production Is Below President’s Claim

Data by the Organisation of Petroleum Exporting Countries (OPEC) has shown that President Bola Tinubu may have misled Nigerians with his claims on oil production in the country. During the speech to address issues raised by the #EndBadGovernance protesters on August 4, President Tinubu had claimed that Nigeria’s crude oil production hit 1.6 million barrels per day. He had further claimed that this development is due to reforms by his administration in the oil sector....

Army busts oil thieves, recovers 200,000 litres stolen crude in Rivers, Bayelsa

The Nigerian Army 6 Division said its troops uncovered massive dumps where illegally refined products worth over 200,000 litres across various locations were stored in Bayelsa and Rivers States. This came 24 hours after the Army destroyed several illegal oil refining sites and recovered products in Members, Bayelsa State and Odagwa in Etche local government area of the Rivers State. On the latest discovery, the Army said it was made at Dasaba Creek in Bayelsa...

  Barrister Okoi Obono-Obla who was appointed Chairman of the Special Investigation Panel for the Recovery of Public Property by former President, Muhammadu Buhari, has stated that several high-level corruption probes were stopped by cronies in the then government.   Obono-Obla was sacked in September 2019, few months after his appointment.   While speaking in an interview with Vanguard, he alleged that some powerful members of the then government he described as patrons of corruption...

A review of financial statements of the Nigerian National Petroleum Company Limited has shown that its subsidiaries posted short term debts to the tune of N83 billion in 2022. According to the financial statements of the NNPCL for December 2022, Nikorma transport Trade and other payables (debts) stood at N4.5 billion, West Africa LPG Limited trade payable figure stood at N79.2 billion, while that of Hyson Nigeria limited was N15 million.  The West Africa LPG...

The Nigerian National Petroleum Company Limited (NNPCL) has not published its financial records for 2023, as the year 2024 draws to a close.  This lack of transparency has sparked concerns about the company’s operations, especially since it became a limited company.  The NNPCL only released its 2022 financial statements in January 2024 after facing significant pressure. The Petroleum Industry Act mandates that the NNPCL, as a limited company, must undergo financial audits annually, in line...

The review will entail exploration of the option of appeal and possible change of counsel in view of the Commission’s dissatisfaction with the handling of the case by Uket.  The Economic and Financial Crimes Commission (EFCC) has initiated an investigation into the dismissal of charges against former Attorney General of the Federation and Minister of Justice, Bello Adoke, in the Malabu Oil Fraud case. This was stated in a press statement made available to SaharaReporters...

The CDS explained that the Delta State Governor, Sheriff Oborevwori and residents of the community where the military personnel were attacked and killed by irate youths, have no access to the community because of the ongoing “cordon and search” operation in the area.    The Chief of Defence Staff (CDS), General Christopher Musa, has said that Okuama Community in Ughelli South Local Government Area of Delta State where 17 military personnel were killed last month...

The Economic and Financial Crimes Commission (EFCC) has reportedly sacked its top prosecutors for allegedly receiving bribes to sabotage the Malibu OPL 245 fraud case.   The Gazette reported the Mr. Offem Uket who earlier handled cases involving former federal lawmaker, Senator Stella Oduah, Peter Nwaoboshi and Sambo Dasuki, was one of the sacked prosecutors.   Officials managing the situation said that the EFCC authorities moved quickly to castigate Uket as the wellspring of untold...

        The Nigerian government has stated that it will be very embarrassing if Port Harcourt, Kaduna, Warri, Dangote and BUA refineries don’t have enough crude oil locally for the production of petroleum products after it finishes fixing them.      The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, who made this known on Tuesday, asserted that the refineries and modular refineries in the country may not get enough crude oil locally...

        Former governor of Bayelsa State and serving Senator, Seriake Dickson, has accused top people residing in Lagos and Abuja as masterminds of the oil theft on the Niger Delta soil.     Dickson, who is a Senator representing Bayelsa West in the National Assembly made this revelation when he appeared on “Inside Sources” with Laolu Akande, a socio-political programme which was aired on Channels Television on Friday.     He went...