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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 ...
In December 2013, Sanusi in a leaked letter to President Goodluck Jonathan revealed that the Nigeria National Petroleum Corporation (NNPC) failed to remit US$48.9 billion of government oil revenue to the central bank – the NNPC has a history of financial irregularities and oversees the corrupt petroleum industry in Nigeria.
Mele Kyari. Mele Kolo Kyari OFR (born 8 January 1965) is a Nigerian geologist, crude oil marketer and 1st Group Chief executive officer (GCEO) of the Nigerian National Petroleum company limited (NNPC limited). Before this appointment, Kyari was the Group General Manager, Crude Oil Marketing Division of the NNPC and the Nigerian National ...
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.
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 ...
Praying for such an industrial facility might seem incongruous, but many Nigerians are hopeful that the Dangote Petroleum Refinery will lead to both a big increase in the availability of petrol ...
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.