official said during the televised round said, This is not business as usual.
I think Mr Kachikwu is exactly the right kind of professional that is needed at the NNPC
at this stage," says Damilola Olawuyi, director of the Institute for Oil, Gas, Energy, Environment and Sustainable Development (OGEES), where Kachikwu serves as a board member.
President Muhammadu Buhari appointed Kachikwu, a former ExxonMobil executive, with a brief to restructure the NNPC
, which has been accused of failing to account for tens of billions of dollars in recent years.
In 2013, the then central bank's governor Mallam Sanusi Lamido Sanusi had accused NNPC
of not properly accounting for about $20bn of oil and gas revenues.
The Natural Resource Governance Institute (NRGI), a New York-based independent watchdog, said in a report earlier this month Nigeria was failing to recover the full value of oil sold by the NNPC
amid poorly-structured deals and unaccountable spending.
Yet at the beginning of the new 199 page report, PwC essentially says that the findings are inconclusive because information, like at least some NNPC
revenues, is still missing.
Whatever is needed under OPEC directives," NNPC
spokesman Levi Ajuonoma said.
The parliament also alleged that another $700 million recently paid to the NNPC
in respect of government's investments in NLNG may not have been paid into the federation account.
The governor implored the NNPC
and the Chinese investors to ensure that the foundation of the new refinery was laid before end of December 2010.
Lukman in early 2009 began a big clean-up campaign at NNPC
and secured the Jan.
is both industry regulator and an upstream player in its own right through the equity it holds in joint ventures with the oil majors.
The Federal Government of Nigeria holds the remaining 60 percent interest through the NNPC