UNILAG AD
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Monday, August 15, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
Festus Keyamo

Festus Keyamo

Probe Alison-Madueke, NNPC, Keyamo tells National Assembly 

byMicheal Abimboye
June 17, 2015
Reading Time: 2 mins read
12

Lagos-based lawyer, Festus Keyamo, has asked the National assembly to probe the immediate past Minister of Petroleum Resources, Diezani Allison-Madueke, the Nigerian National Petroleum Corporation and top officials of the corporation for “massive looting of state resources in collusion with some local companies in the oil and gas sector”.

Mr. Keyamo said NNPC’s Managing Director, Tony Moneke; the Executive Director, Commercial, PPMC, Frank Amejo; Group General Manager, Crude Oil Marketing Division, Gbenga Komolafe;  Former Managing Director of NPDC, and later NNPC Group Executive Director, E & P, Abiye Membere should all be probed.

The lawyer urged the legislators to beam their search light on the crude Oil Swap deals, an arrangement whereby about fifty percent (50%) of the nation’s daily quota of crude oil meant for domestic refining and consumption are given to some local companies in the oil and gas sector which then sell the products in the international market and thereafter import petroleum products, including derivatives or by-products on behalf of the NNPC and PPMC for sale and distribution in the country. 

“The Offshore Processing Agreements (OPAs) involved in the allocation of the daily domestic quota of crude oil to some local companies in the oil and gas sector; the colossal fraud in both programmes have reportedly started and heightened in recent years,” he said. “The frauds occur when far less quantity of petroleum products, by-products and derivatives are imported into the country by the local companies in exchange for the crude oil allocated to them by the NNPC.” 

The staggering shortfalls in the imported products are done with the active connivance, collusion and knowledge of the officials of the NNPC,” Mr. Keyamo said.

“The proceeds are, of course, subsequently shared between the NNPC officials and these local companies. In fact, it is reported that a colossal sum of about $50billion (fifty billion dollars) have been stolen by these people through these fraudulent programmes in the last few years,” he added.

The lawyer urged the lawmakers to also invite oil and gas companies including AITEO, Sahara Energy, Ontario Oil and Gas and Taleveras to assist in its probe.

  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • WhatsApp
  • Share on Tumblr
  • Pocket


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: Call Willie - +2348098788999

TEXEM Advert





PT Mag Campaign AD

Previous Post

FINANCIAL TIPS: Pay off your debts without trading your assets

Next Post

Climate Diplomacy Day: EU envoys call for reduction of carbon emissions in Nigeria

Micheal Abimboye

Micheal Abimboye

More News

FILE PHOTO: FRSC officials at a scene of an accident

One dead, 21 injured in Lagos-Ibadan expressway accident – FRSC

August 15, 2022
FRSC Officials on duty

Three dead in Abeokuta–Sagamu Expressway accident

August 14, 2022
Governor David Nweze Umahi [PHOTO CREDIT: The Official Governor's Facebook account]

Ebonyi APC expels Gov Umahi’s opponent for senatorial ticket

August 14, 2022
Ladi Owolabi, the running mate of the Social Democratic Party

Segun Oni’s running mate clarifies APC defection rumours

August 14, 2022
Police Officers

Police arrest ex-convict in Osun

August 14, 2022
INEC signpost

2023: Allow 7 million Nigerians complete their registration, SERAP tells INEC

August 14, 2022
Read All Comment

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2022 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • PT Hausa
  • Dubawa NG
  • Careers
  • Contact Us
  • Digital Store

All content is Copyrighted © 2022 The Premium Times, Nigeria