Business

Corruption, Injustice, Unfairness have Eaten deep at NNPC -Staff

Published

3 years ago

June 21, 2023

Sahara Weekly

NNPCL Fails To Remit $6.9 Billion, Swaps $7.1 Billion Worth Of Crude In One Year

Corruption, Injustice, Unfairness have Eaten deep at NNPC -Staff

By Ifeoma Ikem

Some of the staff of the Nigerian National Petroleum Corporation (NNPC) says corruption, injustice and unfairness have taken deep at NNPC and are clearly exhibited on a daily basis.

Some of the anonymous staff who spoken to our reporter that an entity that is supposed to be responsible for harnessing Nigeria’s oil and gas reserves for sustainable national development has now banded as Northern Nigeria Petroleum Company.

They claimed that out of the eight members of the Senior Management Team, Six are Northerners, while there are only two members from the Southern Nigeria, One from South South and the other from the South West while there are no member from the South East, despite that the Board Chairman Mrs. Okadigbo and One Henry Obi who hailed from the South East are on the Board of the NNPC.

It revealed that Strategic Business Units (SBUS) are heavily manned by the Northerners for example TRADING, NAPIMS, NPDC, NRL and most of the assets (OMRS) in NPDC are managed by the Northerners.

They said that the corruption, injustice and unfairness are reeking up to high heavens as Nue Oil Energy Ltd a company registered on March 9th, 2022 with a share of One Million bought 100 percent shares in OVH Energy Marketing Ltd and ASPM Ltd from OVH Energy BV, a joint Venture between Vitol and Helios in September 2022.

They also added that although very painful, the acquisition cost was not stated in the filing at the Nigeria Stock Exchange (NSE).
The Staff of NNPC Ltd are largely pained that in the same September 2022 NNPC Ltd acquired the assets from Nue Oil a company with two Directors-Dagazau Mumuni, Chief Operating Officer, OVH and Shanono Sharif Zailani, River Brand Energy Ltd as stated in the Corporate Affairs Commission (CAC) document of the company (NUE OIL ENERGY) with reckless impunity.

The GECO had directed the management of OVH to take over the management of NNPC Retail Ltd while Dagazau Mumuni, COO, OVH and Director in the NUE OIL ENERGY was appointed as Special Adviser Downstream to the GECO, NNPC LTD when there is EVP, Downstream NNPC Ltd.

The GECO in the last one year has carried out illegal recruitment of staff into the NNPC LTD, while the NNPC Retail Ltd Staff have been excluded in the implementation of the PIA as it relates to transfer of staff to NNPC LTD as the GECO ensures that his cronies are appointed to be at the head of affairs at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Midstream Downstream Petroleum Regulations Authority (NMDPRA).

The Staff of NNPC Ltd are not pleasant with the appointment of Mr. Huub Stokman, a white man as the Management Director (MD) NNPC Retail Ltd, whereas they are Nigerians with more cognate industry experience, competency and capacity in the Downstream Sector of the Nigerian Oil and Gas Industry.

Available information from the CAC on the NNPC Retail Status shows that Stokman is not a Director in NNPC Retail Ltd since he does not have a valid work permit from the Nigerian Immigration Services (NIS).

The Staff were disappointed that Stokman and his Management Team OVH in 2021 recorded a huge loss of over four billion naira only, with a 5% market share and expenses of over twenty-five (25) billion naira only for 2021-2022.

They noted however, that while the NNPC Ltd Staff in 2021 NNPC Retail netted a profit of over five billion naira only, a market share of 100 percent made a retained profit of over ten billion naira only and a support expense of less than five billion naira only for 2021-2022.

Meanwhile, the actions of Stokman has caused disaffection, disunity and demotivation of NNPC Retail Staff as a result of the imposition of his OVH Staff as management team on NNPC Retail Staff, despite the uncommon and immense contributions to the unimaginable growth and success of the company even with some NNPC Retail Ltd.

They also claimed that some of the staff with over 15 years Cognate Downstream Experience, Competency and Capacity before joining the NNPC Retail Ltd, very sadly have not been promoted since they were employed in NNPC Retail Ltd over ten years ago.

The staff are asking questions `WHO actually acquired WHAT? Did NNPC Ltd acquire NUE OIL ENERGY (OVH) or vice versa.

They, therefore. made a clarion call on the President of the Federal Republic of Nigeria, His Excellency Asiwaju Bola Ahmed Tinubu (GCFR) and his presidency to urgently salvage the National Oil Company from the hands of the heavily corrupt management overseeing the affairs of the NNPC Ltd and her subsidiaries.

They also request the powers that be, that they should be immediate investigations of NNPC Ltd and her subsidiaries in areas of fronter exploration activities, DSD/PPSA/under recovery etc.

Other areas are Non-functionality of NNPC refineries (turn around maintenance-tam funding), daily PMS consumption, perianal fuel scarcity from February 2022 to May 2023, white product allocation and distribution by NNPC-PPMC, trading and NRL from 2019-date.

Also, in allocation of Ojo Domestic LPC scheme (EXONMEBIL), alleged theft of 80% of crude oil production in Nigeria, Ownership, management and functionality of the OMLS under NNPC ltd, 20% NNPC ltd investment in the Dangote Refinery, NUE oil energy acquisition etc

Business

ADVAN Wins Global Honour at WFA Awards for “Project Freedom” Initiative

Published

3 days ago

April 25, 2026

Sahara Weekly

ADVAN Earns Global Recognition As WFA President’s Award Winner For “Project Freedom”

The Advertisers Association of Nigeria (ADVAN) has been recognised on the global stage as a recipient of the prestigious WFA President’s Award, presented by the World Federation of Advertisers during its Global Marketer Week in Stockholm. The recognition places ADVAN among a select group of leading industry associations worldwide acknowledged for driving meaningful impact in marketing and society.

The WFA President’s Awards, established in 2010, celebrate national industry associations whose initiatives advance the marketer’s agenda and contribute to positive change. This year’s honours were awarded following a rigorous selection process involving 38 submissions from associations across the WFA’s global network, with winners chosen for their measurable impact and potential for replication across markets.

ADVAN’s recognition comes through its advocacy initiative, Project Freedom, a bold and strategic effort focused on addressing the challenges of stifling, non–data-driven regulations affecting businesses in Nigeria and across Africa. The initiative underscores the importance of evidence-based policymaking while championing the constitutional right to freedom of commerce.

Through Project Freedom, ADVAN has taken a proactive leadership role in engaging key stakeholders and shaping conversations around fair, balanced, and transparent regulation. The initiative reflects a shift toward constructive dialogue and collaboration, ensuring that regulatory frameworks support innovation, protect consumer interests, and enable sustainable business growth.

By earning this global recognition, ADVAN reinforces the growing influence of African marketing institutions in shaping international discourse. Its work highlights how local advocacy, when rooted in data and guided by clear principles, can deliver impact not just within national borders but across the global marketing ecosystem.

The award also affirms ADVAN’s commitment to strengthening self-regulation within the industry, fostering accountability, and promoting standards that align with global best practices while remaining relevant to local realities.

As the marketing landscape continues to evolve, ADVAN’s recognition by the World Federation of Advertisers signals a strong endorsement of its leadership and vision. It positions the association as a key voice in advancing responsible marketing, advocating for enabling policies, and ensuring that businesses can operate in an environment that supports both innovation and economic freedom.

Business

PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status

Published

4 days ago

April 24, 2026

Sahara Weekly

***PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status**

To prevent any misunderstanding regarding our affiliation with the United Nations, we hereby provide a formal clarification on the status and identity of the United International Peace and Governance Council (UNIPGC), formerly known as IPGC.

UNIPGC is an independent Civil Society Organization and Non-Governmental Organization with continental chapters registered in the United States, Germany, Canada, and several countries across Africa. The organization is committed to promoting the values and principles of the United Nations, particularly in advancing Sustainable Development Goal 16 (Peace, Justice, and Strong Institutions), as well as advocating for good governance globally.

In furtherance of its mandate, UNIPGC has established partnerships with reputable diplomatic civil society organizations, including the United Nations Association of Nigeria and the United Nations Association of Ghana. These collaborations are aimed at strengthening its engagement with initiatives aligned with United Nations ideals.

Additionally, UNIPGC has entered into diplomatic relations with the International Organization for Economic Development (IOED), an Intergovernmental Organization (IGO), to enhance its capacity for international cooperation and diplomatic engagement.

We wish to clearly state that UNIPGC is **not** an entity, agency, or organ of the United Nations.

Members of the public and media practitioners are respectfully advised to refer to the organization by its full and correct name: **United International Peace and Governance Council (UNIPGC)**, and not as the United Nations.

Thank you.

Business

Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour

Published

4 days ago

April 24, 2026

Sahara Weekly

Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour

Laffmattazz, one of Nigeria’s foremost comedy and live entertainment brands, is pleased to announce its official partnership with First Bank of Nigeria Limited for the highly anticipated Laffmattazz 2026 International Tour, themed “Next Chapter: A New Season of Laughter.”

Now in its 15th year, Laffmattazz—the brainchild of renowned Nigerian comedian Gbenga Adeyinka (Gbenga Adeyinka 1st)—has evolved into a cultural phenomenon, celebrated for its seamless fusion of comedy, music, and live stage performances.

The 2026 tour, which kicked off on Easter Sunday, April 5th, 2026 at the Jogor Centre, Ibadan, marks a significant milestone in the brand’s journey. Building on over a decade of success across Nigeria, this year’s edition signals a bold expansion into the international market, with a multi-city run in Canada, alongside major stops in Akure, Abeokuta, and Lagos.

This strategic partnership with First Bank of Nigeria Limited underscores a shared commitment to excellence and innovation. It is also aligned with FirstBank’s First@Arts initiative—a significant and ongoing program dedicated to supporting the creative arts, entertainment, and cultural sectors. Through this initiative, FirstBank provides financing, advisory services, and actively fosters a sustainable value chain for artists and creative entrepreneurs, while supporting key industry platforms such as the Nigerian Entertainment Conference.

Speaking on the collaboration, the Laffmattazz team stated:

“We are delighted to welcome First Bank of Nigeria Limited as a strategic partner for the Laffmattazz 2026 International Tour. As we mark 15 remarkable years of Laffmattazz, this partnership reinforces our vision to take premium Nigerian entertainment beyond borders, while delivering even bigger, better, and more memorable experiences for our audiences.”

As a key partner, First Bank will enrich the tour through innovative customer engagement initiatives, experiential activations, and exclusive fan experiences across all tour locations.

With its distinctive blend of humor, culture, and live entertainment, the Laffmattazz 2026 Tour is poised to connect audiences across cities and continents, bringing laughter to thousands of fans worldwide.

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About Laffmattazz

Laffmattazz is a premier Nigerian comedy and entertainment brand, now in its 15th year, renowned for its vibrant live shows and nationwide tours. Founded by Gbenga Adeyinka 1st, the brand continues to deliver high-quality experiences that celebrate creativity, culture, and laughter.

About First Bank of Nigeria Limited

First Bank of Nigeria Limited is Nigeria’s oldest financial institution, widely respected for its legacy of trust, innovation, and customer-centric financial solutions that support economic growth and development. Through its First@Arts initiative, the Bank continues to play a pivotal role in empowering the creative industry and driving sustainable growth across the sector.