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NNPC reaches agreement with Taleveras, two others

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The Nigerian National Petroleum Corporation(NNPC) yesterday said it has reached a settlement agreement with Taleveras Group of Companied and two other companies involved in the $184 million crude oil swap.

The others are AITEO Energy Resource Limited, Ontario Oil. NNPC commended Taleveras and other companies involved in the crude swap for reconciling their accounts and agreeing on a settlement plan to bring this long standing matter to a closure.

Taleveras has committed to an initial prompt settlement of $17 million payment and will further make further payments in $10million tranches.

Ontario is yet to submit its repayment plan, whilst AITEO has reconciled also leveraging on its global business position with NNPC. The Group Managing Director of the Corporation, Dr. Maikanti Baru, told journalists in Abuja that the settlement agreement was a product of ongoing extensive reconciliation process with the companies involved.

A statement on the outcome of the meeting by the Group General Manger, Public Affairs, Ndu Ughamadu quoted Baru as saying: ‘’We have engaged them and positively too. So far, AITEO has been very cooperative and we had extensive reconciliation across all our chains of businesses where they are involved.

In the case of Televaras, they have agreed to make tranche payment of $10 million while Ontario has also agreed to come to the table with our team and present their repayment schedule,’’ Baru said.

He also said Taleveras has already pledged to repay $17m and thanked the company for their cooperation so far. Baru emphasized the determination of the NNPC under his leadership to recover the outstanding stock of its missing petrol in Capital oil depot noting that MRS had complied.

Only last week, the NNPC announced aggressive measures to achieve full recovery of over 130 million litres of petrol stored in the facilities of two indigenous downstream operators, MRS Limited and Capital Oil & Gas Limited, under a throughput arrangement to ensure a robust strategic reserve.

Providing details of the infraction by the companies, Mr. Henry Ikem Obih, NNPC Chief Operating Officer, Downstream explained that the violation was discovered earlier in the year when the Corporation had need to access the over 100 million litres of petrol stored at the Capital Oil & Gas depot for NNPC Retail and just over 30 million litres in MRS Limited depot all in Apapa area of Lagos.

He said though MRS had fully complied by returning the 30 million litres of petrol it expropriated, the Corporation was working assiduously to recover from Capital Oil & Gas the 82 million litres of petrol, valued at N11b, out of over 100 million litres.

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Lagos distributes 12 coconut processing equipment to councils

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Lagos State Government through the Lagos State Coconut Development Authority (LASCODA) has distributed coconut processing equipment to coconut processors in 12 Local Governments and Local Council Development Areas of the state as part of its empowerment programme in the coconut value chain. Special Adviser to the Governor on Food Security, Mr. Okanlawon Sanni who distributed the coconut processing equipment to beneficiaries disclosed that the state had shown commitment in boosting food security in the state, stressing that government had included coconut processors in its agricultural development programme with a view to developing the state’s coconut value chain.

Sanni noted that the 12 units of coconut processing equipment donated to coconut processors in the state included, Stainless two ton per hour coconut greater, 7.5 H.P Electric motor, Industrial burners, Aluminium bowls and spoon amongst others.

Meanwhile, Commissioner for Agriculture, Mr. Oluwatoyin Suarau who also spoke at the event noted that the empowerment program for the coconut processors cut across processors from Badagry, Kosofe, Ori-Ade, Oto Awori, Ibeju- Lekki, Epe, Ojo, Surulere , Ikorodu,Lekki Agege and Alimosho LGAs & LCDAs. While congratulating the beneficiaries, Suarau opined that coconut value chain has a lot of potentials that can be harnessed which can impact positively on the GDP of the country.

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Employee sues CIG motors over alleged termination of appointment

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A former staff of CIG Motors Company Limited, Akeem Adebiyi Adeyemi, has filed a N1.062 million suit before the National Industrial Court (NIC), Lagos Division, against the management of the company over an alleged wrongful termination of appointment. In the suit, reference NICN/LA/35/2018 filed through his lawyers, Olawale Fapohunda, the claimant is seeking a declaration that the purported termination of his employment with the defendant through a letter dated August 31, 2017 based on protest against certain racial comments by the chairperson of the company, Mrs Chen Xuixia is illegal, malicious and wrongful.

The claimant sought the court’s declaration that the defendant breached his right to freedom from discrimination as provided for under Section 42 of the Constitution of the Federal Republic of Nigeria as amended and Federal law of Nigeria, Cap C23 LFN 2004.

He asked the court to declare that the deliberate refusal of the defendant to remit his pension contribution from April 2017 to August 2017 was unlawful and a violation of the provisions of the Pension Reforms Act 2014 and that the refusal of the defendant to remit the Personal Income Tax monthly deduction made from him to the Lagos State Internal Revenue Service was unlawful and a violation of the provisions of the Personal Income Tax Act Cap P8 LFN 2004.

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Catholic Church rejoins CAN

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Barely five years after the Roman Catholic Church in Nigeria pulled out of the Christian Association of Nigeria (CAN), the church has announced its return to the umbrella organisation of Christians in the country. The Catholic Bishops Conference of Nigeria(CBCN) had, in a letter dated September 24, 2012, announced its withdrawal from the organisation. Although the letter was not explicit on the reasons for the action, many believed it was due to some disagreements.

The re-union which reportedly took place at the weekend, saw a delegation of the Catholic Secretariat of Nigeria, led by Rev. Fr. (Prof.) Cornelius Omonokhua, attending an expanded two-day National Executive Committee meeting of CAN for the amendment of its constitution. President of CAN, Dr. Samson Ayokunle, expressed delight at the new development, describing it as one of the best things that has happened to CAN in recent times.

In a statement issued by Adebayo Oladeji, his Special Assistant on Media and Communications, Ayokunle said bringing the Catholic brethren back to the fold was part of his vision for CAN. “I must acknowledge the support and understanding of my brother in Christ, Most Rev Ignatius Kaigama, President, Catholic Bishops’ Conference of Nigeria and his team.”

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