Reps to Reopen Alleged $1.348b Power Fraud Probe – Guardian

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The House of Reps could reopen the probe into an alleged $1.348 billion power sector fraud levelled against General Electric (GE) and Rockson Engineering Nigeria Ltd. The issue, which has lingered for years, will not be swept under the carpet, vowed chairman of the House Committee on Power, Dan Asuquo, in an interview at the weekend.

 

He expressed surprise that the authorities have not yet taken action on findings by relevant committees of the previous National Assembly, insisting the legislature would push for the refund of the alleged stolen money.

“The National Assembly has done its work. It has come out with a report. The report is there for anybody to see and use. If you talk about Rockson, in collaboration with GE, they have issues of which Nigerians should ask questions. If somebody is not performing, the law is there.

 

 

NNPC Targets 40m Barrels Oil Reserves – This Day

NNPC has indicated it would be looking to oil explorationists under the aegis of the Nigerian Association of Petroleum Explorationists (NAPE) to support its aspirations to grow Nigeria’s crude oil reserves to 40 million barrels.

Based on this, the Group Managing Director of the NNPC, Dr. Maikanti Baru, recently urged members of the NAPE who paid him a courtesy visit to deploy their wealth of knowledge and experience to find more crude oil to meet the 40 million barrels reserves target of the corporation.

 

Baru’s charge to members of NAPE, also coincided with similar challenge he threw at Nigerian engineers to come up with technologies to help deepen the development of renewable energy in the country.

In his meeting with members of NAPE who were led to his office by NAPE’s president, Dr. Andrew Eyayeriese, he described the group as the foundation of the oil industry on account of the critical role of its members in the oil and gas value chain.
He equally urged members of the group to go beyond convention and search deeper and wider to ensure the sustainability of the finds by discovering more, producing more, and doubling production reserve ratios on a yearly basis.

 

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