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Home EFCC Page 25

EFCC

397 posts
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JUST IN: EFCC Discovers Fraudulent COVID Funds And World Bank Loan At Humanitarian Ministry

byBagbansoro Uthman Olamilekan
April 14, 2024
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JUST IN: Court Remands Emefiele In EFCC Custody

byBagbansoro Uthman Olamilekan
April 8, 2024
  • News

EFCC Arrests 45 Suspected Internet Fraudsters

byRemi Ibikunle
March 13, 2024
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NNPCL Seeks EFCC’s Support To Tackle Oil Theft \ Nigerian National Petroleum Company Limited (NNPCL) has appealed to the Economic and Financial Crimes Commission (EFCC) to help tackle the menace of crude oil theft in the country. Gatekeepers News reports that the Group Chief Executive Officer of the company, Mele Kyari, appealed at an interactive session with the EFCC’s Executive Chairman, Ola Olukoyede, at the NNPC Towers in Abuja on Monday. Kyari discussed measures taken to eliminate corruption and address crude oil theft and pipeline vandalism.  “As we continue to do our best to deepen transparency and stamp out corruption from the system, there is one big challenge that you will need to help us with, Mr. Chairman. That challenge is crude theft. It fits into everything you have said – the people, the asset, the opportunity, and the absence of deterrence.” “We have deactivated 6,409 illegal refineries in the Niger Delta region. Today, we have disconnected up to 4,846 illegal pipes connected to our pipelines, that is out of 5,543 such illegal connection points. That means there are a vast number of such connections that we have not removed. “These things don’t just happen from the blues. They happen in communities and locations we all know. As we remove one illegal connection, another one comes up. It is sad, Mr. Chairman.” “This kind of thing does not happen anywhere else in the world. When we say illegal connections, they are not invisible things, they are big pipes that require some level of expertise to be installed. Some of them are of the same size as the trunk line itself. No one would produce crude oil knowing fully well that it is not going to get to the terminal. That is why nobody is putting money into the business. So, you can’t grow production.” “I believe, personally, that the very purpose of your commission is to curtail economic crimes, and there is no bigger economic crime of this scale anywhere else than what is happening in this area," the GCEO lamented. On corruption within the system, Kyari explained that by law, NNPC Ltd is required to maintain high ethical standards and has put in place structures and measures to curb discretionary actions which fuel corruption, stressing that most processes in the company have been fully automated to discourage arbitrary actions. He disclosed that many issues of corruption reported in the public were either not true or recycled from the past. In his presentation, the Executive Chairman of EFCC, Ola Olukoyede, expressed satisfaction with NNPCL’s commitment to issues of ethics and code of conduct. He, however, challenged management to ensure that the codes of ethics and regulations are complemented with monitoring and enforcement to enhance deterrence. NNPCL Seeks EFCC’s Support To Tackle Oil Theft \ Nigerian National Petroleum Company Limited (NNPCL) has appealed to the Economic and Financial Crimes Commission (EFCC) to help tackle the menace of crude oil theft in the country. Gatekeepers News reports that the Group Chief Executive Officer of the company, Mele Kyari, appealed at an interactive session with the EFCC’s Executive Chairman, Ola Olukoyede, at the NNPC Towers in Abuja on Monday. Kyari discussed measures taken to eliminate corruption and address crude oil theft and pipeline vandalism.  “As we continue to do our best to deepen transparency and stamp out corruption from the system, there is one big challenge that you will need to help us with, Mr. Chairman. That challenge is crude theft. It fits into everything you have said – the people, the asset, the opportunity, and the absence of deterrence.” “We have deactivated 6,409 illegal refineries in the Niger Delta region. Today, we have disconnected up to 4,846 illegal pipes connected to our pipelines, that is out of 5,543 such illegal connection points. That means there are a vast number of such connections that we have not removed. “These things don’t just happen from the blues. They happen in communities and locations we all know. As we remove one illegal connection, another one comes up. It is sad, Mr. Chairman.” “This kind of thing does not happen anywhere else in the world. When we say illegal connections, they are not invisible things, they are big pipes that require some level of expertise to be installed. Some of them are of the same size as the trunk line itself. No one would produce crude oil knowing fully well that it is not going to get to the terminal. That is why nobody is putting money into the business. So, you can’t grow production.” “I believe, personally, that the very purpose of your commission is to curtail economic crimes, and there is no bigger economic crime of this scale anywhere else than what is happening in this area," the GCEO lamented. On corruption within the system, Kyari explained that by law, NNPC Ltd is required to maintain high ethical standards and has put in place structures and measures to curb discretionary actions which fuel corruption, stressing that most processes in the company have been fully automated to discourage arbitrary actions. He disclosed that many issues of corruption reported in the public were either not true or recycled from the past. In his presentation, the Executive Chairman of EFCC, Ola Olukoyede, expressed satisfaction with NNPCL’s commitment to issues of ethics and code of conduct. He, however, challenged management to ensure that the codes of ethics and regulations are complemented with monitoring and enforcement to enhance deterrence.
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NNPCL Seeks EFCC’s Support To Tackle Oil Theft

byFehintola Ambali-Salam
March 12, 2024
Emefiele: Court Fixes Sept 15 For Ruling On Forensic Examination Of WhatsApp Evidence Emefiele: Court Fixes Sept 15 For Ruling On Forensic Examination Of WhatsApp Evidence
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How Emefiele Approved Contracts For His Wife – Witness

byFehintola Ambali-Salam
March 12, 2024
  • News

EFCC Arrests 17 Suspected Internet Fraudsters

byRemi Ibikunle
March 2, 2024
  • News

N10bn Fraud: EFCC To Arraign ex-Kwara Gov

byRemi Ibikunle
February 22, 2024
  • News

EFCC Directs Taskforce To Tackle Illegal Forex Trading And Naira Abuse

byFehintola Ambali-Salam
February 19, 2024
Emefiele: Court Fixes Sept 15 For Ruling On Forensic Examination Of WhatsApp Evidence Emefiele: Court Fixes Sept 15 For Ruling On Forensic Examination Of WhatsApp Evidence
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EFCC Declares Emefiele’s Wife Wanted

byRemi Ibikunle
February 10, 2024
  • Business
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EFCC Summons Varsity Proprietors Charging Fees In Dollars

byFehintola Ambali-Salam
February 7, 2024

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