Latest news with #Soneye
Business Insider
10-06-2025
- Business
- Business Insider
Fake NNPC agents target foreign investors with illegal meeting fees
Due to a surge in impersonation schemes in which people falsely pretend to be representatives of the corporation, the Nigerian National Petroleum Corporation Limited (NNPC Ltd) has warned foreign investors. The Nigerian National Petroleum Corporation Limited (NNPC Ltd) has warned international investors about impersonation schemes. The corporation affirmed that such fraudulent activities are unauthorized and illegal, urging vigilance and prompt reporting of incidents. NNPC emphasized its commitment to integrity, professionalism, and conducting business through official and transparent channels. The group revealed in a statement issued Monday by Olufemi Soneye, the company's chief corporate communications officer, that these impersonators have been asking unwary investors to pay them to meet with the company's executives, management team, and board of directors. What the NNPC said 'The general public is advised to beware of individuals and companies falsely claiming to represent NNPC Limited. Their tactics include soliciting fees for meetings with the NNPC board of directors, executives, and management staff. These actions are unauthorised and illegal, the group stated. 'Foreign investors and international business entities are especially urged to remain cautious. If approached, report the incident to the appropriate authorities immediately,' Soneye said. He stressed the company's commitment to ethical behavior and professionalism in all business transactions. The NNPC also informed stakeholders that all genuine discussions with its leadership follow due procedure and take place through official, transparent channels, as seen in the Punch. 'NNPC Limited remains committed to transparency, integrity, and the protection of our stakeholders in all interactions. Let's work together to prevent scams. Stay alert and share this notice,' he said. The warning comes at a time when Nigeria's national oil company is positioning itself to attract more global investment following its transformation from a government corporation into a commercially driven limited liability company. Early in April, Nigeria's president, Bola Tinubu, made significant changes to the group with the appointment of Bayo Ojulari as its new CEO. However, the group has not been without its challenges. For most of the last two years, the NNPC had been in a heated dispute with the Dangote Refinery over the sale of crude.
Business Insider
24-05-2025
- Business
- Business Insider
Nigeria's national oil company announces shutdown of state-owned refinery
The Nigerian National Petroleum Company Limited (NNPC Ltd), in its caretaker capacity, has announced the immediate shutdown of operations at the Port Harcourt Refining Company (PHRC) due to a scheduled maintenance exercise commencing today, May 24, 2025. NNPC Ltd announced the temporary shutdown of Port Harcourt Refinery for scheduled maintenance starting May 24, 2025. The maintenance aims to enhance efficiency, ensure sustainability, and reduce reliance on fuel imports. The shutdown raises concerns about persistent issues in Nigeria's refining infrastructure and performance. The shutdown was announced in a statement issued on Saturday by Femi Soneye, Chief Corporate Communications Officer, who stated that the closure is temporary and intended to enhance the refinery's efficiency and ensure its long-term viability. The statement read: 'The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to inform the general public that the Port Harcourt Refining Company (PHRC) will undergo a planned maintenance shutdown." 'This scheduled maintenance and sustainability assessment will commence on May 24, 2025.' Soneye added. According to NNPC Ltd, the maintenance operation will be conducted in coordination with relevant agencies, including the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), to ensure transparency and technical precision throughout the process. 'We are working closely with all relevant stakeholders to ensure the maintenance and assessment activities are carried out efficiently and transparently, ' Soneye said. NNPC Ltd reaffirmed its commitment to enhancing energy infrastructure and ensuring sustainable energy security for Nigerians. The company noted that the maintenance exercise is part of its broader efforts to boost national refining capacity and reduce reliance on fuel imports. It also pledged to keep the public informed through regular updates on its official website and media channels during the maintenance period, and to implement measures to mitigate any potential disruptions to affected parties. Nigeria's refinery challenges However, this latest shutdown comes amid fresh scrutiny of PHRC's inconsistent performance, with concerns over transparency and accountability. The facility has been burdened by years of underperformance, failed upgrade plans, and rehabilitation setbacks; despite several rounds of funding and government guarantees. Just last month, NNPC Ltd dismissed PHRC's Managing Director, citing internal investigation reports and accountability issues, project delays, and alleged mismanagement of rehabilitation funds. Although today's maintenance announcement is seen as essential upkeep to maintain and improve production, critics argue it highlights deeper flaws in Nigeria's refining strategy, particularly at Port Harcourt Refinery, which remains unable to achieve steady production despite years of major overhaul efforts.
BBC News
25-02-2025
- BBC News
Deadi body wit burn wounds for seaside bust NNPC claim say nobody die for Cawthorne Channel fire
Three deadibodi suspected to be di remains of victims of di fire explosion wey happen for Cawthorne Channel for don wash ashore. Search and rescue teams discover di deadibodies wey get scars of fire burns on Monday, at about 2pm (1400 CET) on di shores of a fishing settlement behind Biekiri for di Cawthorne Channel. Local media report say di location dey around Iloamatoru Community for Bonny local goment area of Rivers State, Southern Nigeria. Dis dey contrary to claims by Nigerian National Petroleum Company Limited (NNPCL) say no casualties dey for di fire incident wey bin happen for dia facility for Cawthorne Channel 1. Na one surveillance team for di area raise alert of di discovery of two bodies but on arrival, dem find only one as waves don carry di oda one. Di search and rescue team carry di first body come go search for di second one, only to discover two oda bodies, making three altogeda. Immediate past Chairman of Iloamatoru Community Surveillance Committee, Daniel Pollyn say e dey sad over di incident, come ask families of staff of NNPCL, OML 18 Energy, Sahara Group and Eroton Exploration & Production Company Limited wey dey work around Cawthorne Channel 1 to check with dia loved ones. E say ,"We go take di corpses to di Police to do di needful but make families of NNPCL, OML 18, Sahara and Eroton wey get pipo wey dey work for dat area to check with dia loved ones. Make dem also check wit di Police to identify di body if na dia relative. Make dem no take dat NNPCL claim seriously, though we no go interfere wit am," e tok. Pollyn come add say on dia part, all dia community members wey dey work dia dey accounted for but, " we no fit say di same for di company workers. Make dia families ask di company kwesions if dia relatives never come home since dat Wednesday." E tok Na on Wednesday, 19 February, 2025 fire incident happun for one facility for Cawthorne Channel 1 wey dey linked to OML 18 for Alakiri for Okrika local goment area wey dey jointly operated by NNPC Eighteen Operating Limited, NNPC Limited and OML 18 Energy Limited. Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, for statement tok say di fire break out for di dry crude storage barge BESTAF5 for Cawthorne Channel 1, Rivers State, and e spread to oda barges. Soneye add say sake of di quick response of di company emergency teams and industry partners, dem successfully contain di fire come add say di incident no impact on flow station operations. Soneye also say no casualties dey as a result of di incident and all personnel wey dey work on di said barges all dey safe, come add say NNPCL dey prioritize di safety of dia staff and stakeholders and dey fully committed to environmental protection and operational integrity. "Most importantly, dia casualties no dey, and all personnel dey safe." Dis claim by di company now get kwesion mark wit di discovery of dis three lifeless bodies wey get clear burn scars for dia bodies. Di search and rescue teams handover all di three recovered deadibodies to di police authority for further investigation.
Reuters
21-02-2025
- General
- Reuters
Nigeria's NNPC says blaze at oil facility contained without casualties
YENAGOA, Feb 21 (Reuters) - Nigerian state oil company NNPC said on Friday that a fire on a crude storage barge at its Cawthorne Channel facility in the coastal Rivers state has been contained with no casualties. NNPC spokesperson Olufemi Soneye said the blaze started at about 1310 GMT on Wednesday afternoon and spread to other barges before being contained. The incident did not affect operations at the flow station, Soneye said in a statement late on Thursday. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
