Controversy Trails Nigerian Oil Firm

The government has started its investigation into the more than one billion U.S. dollar loan allegedly granted to the National Petroleum Corporation, amid disagreements between lawmakers and Petroleum Ministry officials regarding the deal.
Photo: Vanguard

Oil report

  • Nigeria:  NNPC Denies U.S.$1.56 Billion Loan Arrangement

    Vanguard, 26 February 2013

    The management of the Nigerian National Petroleum Corporation, NNPC has denied an allegation that the Corporation is seeking to obtain funds through loan to the tune of $1.56 ... read more »

  • Nigeria:  Finally, NNPC Responds to Controversial U.S.$1.6 Billion Loan

    Premium Times, 26 February 2013

    The Nigerian National Petroleum Corporation, NNPC, on Monday finally gave an explanation for its controversial $1.56 billion syndicated loan. read more »

  • Nigeria:  NNPC Finally Clarifies Status of U.S.$1.5 Billion Loan

    This Day, 26 February 2013

    The bid by the House of Representatives to investigate the $1.56 billion loan being sought by the Nigeria National Petroleum Corporation (NNPC) hit a brick wall Monday and left ... read more »

  • Nigeria:  Tambuwal Queries NNPC Over U.S.$1.56 Billion Loan

    Vanguard, 26 February 2013

    Speaker, House of Representatives, Mr. Aminu Tambuwal, yesterday, queried the proposed $1.56 billion loan by Nigerian National Petroleum Corporation, NNPC, saying it was neither ... read more »

  • Nigeria:  Tambuwal, Diezani Disagree Over NNPC's U.S.$1.56 Billion Foreign Loan

    Daily Trust, 26 February 2013

    The House of Representatives yesterday began investigation into the alleged $1.56 billion loan borrowed by the Nigerian National Petroleum Corporation (NNPC) late last year. read more »

  • Nigeria:  Groups Fault NNPC's Claims On NEITI Audit Report

    This Day, 26 February 2013

    Civil Society Organisations (CSOs) in Nigeria's oil and gas industry have berated the Nigerian National Petroleum Corporation (NNPC) for disparaging recent findings in the ... read more »