Home Topics PEF

PEF

Economic and Financial Crimes Commission - EFCC.

EFCC: Lockdown won’t abort cases against ex-first lady, former governors, others

The lockdown arising from coronavirus appears to have slowed down the fight against corrupt practices in the country for close to six weeks.

LCCI asks NNPC to back up reformed petroleum downstream sector with law

The Lagos Chamber of Commerce and Industry (LCCI) has charged the Nigerian National Petroleum Corporation (NNPC) to consummate its process of reforming the petroleum downstream sector with an appropriate legislative framework, stating that with the legal framework, the reform would not be like the previous dead initiatives.

IPMAN: We’ll keep filling stations open, away from fuel scarcity

With the growing concerns and panic over the gradual lockdown resulting from the Coronavirus pandemic, Independent Petroleum Marketers Association of Nigeria, IPMAN, have assured residents that it would keep the filling stations open and away from fuel scarcity to cushion the effects.

Courts grants final forfeiture of plaza, houses traced to official accused of corruption

The Federal High Court in Abuja Thursday ordered the final forfeiture of six properties traced to Goddy Nnadi, a general manager of the Petroleum Equalisation Fund.
Lawyers, social critics, Aba residents and civil society groups on Thursday lauded the 12-year prison sentence handed down to ex-Governor Orji Kalu of Abia by a Federal High Court in Lagos.

Lawyers, CSOs, others hail Senator Kalu’s 12-year prison sentence

Lawyers, social critics, Aba residents and civil society groups on Thursday lauded the 12-year prison sentence handed down to ex-Governor Orji Kalu of Abia by a Federal High Court in Lagos.

IPMAN hails automation of downstream sector

The Independent Petroleum Marketers Association of Nigeria (IPMAN) Kano unit, has commended the launching of the automation of the downstream sector of the petroleum industry.

lPMAN warns of impending fuel scarcity

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday raised the alarm over imminent scarcity of petroleum products in the country.
Waziri Adio NEITI

Nigeria earned N28.6 trillion from oil, non-oil sources in five years

The Nigeria Extractive Industries Transparency Initiative (NEITI) said that N28.58 trillion was remitted to the Federation Account between 2012 and 2016, from mineral revenues, non-mineral revenues and Value Added Tax (VAT).
Waziri Adio NEITI

NEITI: N28.58 trillion remitted into Federation Account in five years

N28.58 trillion was remitted to Nigeria’s Federation Account between 2012 and 2016, according to a report from the Nigeria Extractive Industries Transparency Initiative (NEITI).
Kola Ologbondiyan

PDP: Buhari’s presidency stinks

Against recent allegations of corruption against aides of President Muhammadu Buhari, the opposition Peoples Democratic Party (PDP) has passed an interim verdict on his presidency, saying “it is rotten and reeks of incurable corruption, festering up to every level”.

Federal government files motion seeking forfeiture of N2 billion, properties linked to PEF official

The federal government has filed an application before the Federal High Court in Abuja seeking for interim forfeiture of monies and properties allegedly traced to an official of Petroleum Equalization Fund (PEF).

IPMAN urges federal government to fix refineries before deregulation

The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday advised the Federal Government to deregulate the donstream oil sector so as to attract investors and end fuel scarcity.
The Petroleum Equalisation Fund (PEF) says it’s newly introduced automation distribution system has helped the monitoring of movement of petroleum products across the country.

PEF explains new automation for monitoring petrol distribution

The Petroleum Equalisation Fund (PEF) says it’s newly introduced automation distribution system has helped the monitoring of movement of petroleum products across the country.

NAEE chief hails passage of petroleum industry bill

Prof. Wunmi Iledare, outgoing President, Nigeria Association for Energy Economics (NAEE) says the passage of the Petroleum Industry Governance Bill (PIGB) by the senate was a welcome development for the industry.

Federal government moves to monitor daily consumption of petrol

The Federal Government yesterday said it has taken measures to end the guess work on the millions of litres of Petroleum Motor Spirit (PMS) used daily in the county.

House of Reps summons NNPC, finance minister over alleged unbudgeted subsidy payments

The Minister of Finance, Mrs. Zainab Ahmed, and the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, have been summoned to appear before a House of Representatives joint committee next Thursday to explain their roles in an alleged unbudgeted funds being paid as fuel subsidy.

IPMAN: We will not join planned strike

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that it would not be a party to the planned strike by other oil marketers.
Nigerian National Petroleum Corporation (NNPC)

NNPC: $1.05 billion petrol supply support fund sourced from NLNG dividends

The Nigerian National Petroleum Corporation (NNPC) has disclosed the source of the $1.05 billion revolving fund it said it uses to support its supply of petrol to Nigerians since private oil marketers stopped importing and supplying petrol in the country.

Recent Stories

CAN president urges Nigerian government to overhaul security apparatus

The President, Christian Association of Nigeria (CAN), Rev Samson Ayokunle, has urged the Federal Government to immediately overhaul the security apparatus of the country.
The governor of Ondo State, Rotimi Akeredolu, has reacted to his victory at the primary election of the All Progressives Congress (APC).

Ondo guber: APC leaders endorse Governor Akeredolu’s re-eelction

Leaders of the All Progressives Congress (APC) in Ondo State Sunday resolved to bury their hatchets and they endorsed the second term ambition of Governor Rotimi Akeredolu.
Godfrey Oboabona put in a good shift in Dinamo Batumi’s 4-0 triumph over FC Chikhura by accounting for an assist.

Godfrey Oboabona bags assist in Dinamo Batumi’s decimation of FC Chikhura

Godfrey Oboabona put in a good shift in Dinamo Batumi’s 4-0 triumph over FC Chikhura by accounting for an assist.
Nigeria's Diezani Alison-Madueke, Minister of Petroleum Resources and Alternate President of the OPEC

Diezani Alison-Madueke: ‘Yahoo’ boys have become role models

A former Minister of Petroleum Resources, Diezani Alison-Madueke, says societal values have disintegrated to the extent that online fraudsters otherwise known as ‘Yahoo boys’ have become role models in Nigerian society.
Atlético Madrid have confirmed that two member of their group have tested positive for coronavirus.

Atlético Madrid confirm two positive coronavirus tests

Atlético Madrid have confirmed that two member of their group have tested positive for coronavirus.