Senate orders NNPCL to refund N210trn missing funds to federation account

EditorNovember 12, 202504 mins

The Senate has directed the Nigerian National Petroleum Company Limited (NNPCL) to refund N210 trillion to the Federation Account after rejecting the company’s explanations regarding the missing funds. The resolution followed weeks of investigation by the Senate Committee on Public Accounts, chaired by Senator Aliyu Wadada, which had been probing the oil company’s financial statements…

Rivers Govt moves against ex-sole administrator, cancels N134bn contract, orders refund of mobilisation fee

EditorOctober 16, 202502 mins

The Rivers State Executive Council has cancelled a N134 billion contract awarded by the past sole administrator of the state, Vice Admiral Ibokete Ibas (rtd). The contract was for the reconstruction of the ageing State Secretariat complex in Port Harcourt, reports Vanguard. The contract was awarded to CCECC during the period of emergency rule by…