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NNPC was established on 1 April 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Petroleum and Energy Resources. [2] NNPC by law manages the joint venture between the Nigerian federal government and a number of foreign multinational corporations, which include Royal Dutch Shell, Agip, ExxonMobil, TotalEnergies, Chevron, and Texaco (now merged with Chevron).
An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [1] [2] If a victim makes the payment, the ...
Emmanuel Nwude Odinigwe, popularly known as Owelle of Abagana, is a Nigerian advance-fee fraud expert artist and former Director of Union Bank of Nigeria. He is known for defrauding Nelson Sakaguchi, a Director at Brazil's Banco Noroeste based in São Paulo, of $242 million: $191 million in cash and the remainder in the form of outstanding interest, between 1995 and 1998.
v. t. e. Corruption is an anti-social attitude awarding improper privileges contrary to legal and moral norms and impairs the authorities' capacity to secure the welfare of all citizens. [1] Corruption in Nigeria is a constant phenomenon. In 2012, Nigeria was estimated to have lost over $400 billion to corruption since its independence.
Petroleum industry in Nigeria. Nigeria is the second largest oil and gas producer in Africa (after Angola ). [1] Crude oil from the Niger Delta basin comes in two types: light, and comparatively heavy – the lighter has around 36 of API gravity while the heavier has 20–25 of API gravity.
A prayer was held a few months ago in Kano, a very religious city in northern Nigeria. It was organised to pray for the success of a huge new Nigerian oil refinery that next month is due to start ...
2008 Ijegun pipeline explosion. A map indicating (circled in red) the location of Lagos, Nigeria. On 15 May 2008 a pipeline explosion occurred in the community of Ijegun, a suburb north of Lagos, Nigeria. The explosion took place after a bulldozer struck an oil pipeline. [1] [2] The Lagos police have stated that the explosion appears to be an ...
Gbenga Olu Komolafe (born 1963) is a Nigerian engineer, lawyer and petroleum and gas industry expert. Appointed in 2021, he currently serves as the pioneer chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC. [1] [2] [3] He served at the Nigerian National Petroleum Corporation (NNPC) in various capacities ...