News
NNPCL Denies Opposing Oando’s Acquisition Of Agip
The Nigerian National Petroleum Corporation Limited (NNPCL) has debunked claims that it kicked against Oando PLC’s acquisition of the Nigerian AGIP Oil Company (NAOC).
Chief Corporate Communications Officer of NNPCL, Garba Deen Muhammad, disclosed this in a statement, yesterday.
The Tide source recalls that NNPC Exploration and Production Limited (NEPL) had raised questions about the sales.
However, NNPCL clarified that it does not oppose the sale of the NAOC shares to Oando PLC.
“It has come to our notice that a routine communication in the form of a letter written by NNPC E&P Limited (NEPL) to its JV partner, Nigerian Agip Oil Company Limited (NAOC), is being interpreted to suggest that NNPC Ltd is opposed to the sale of NAOC shares to Oando PLC.
“This is not correct. NNPC Ltd wishes to state that the letter was sent by NEPL, an NNPC Ltd subsidiary. However, nowhere was opposition or objection to the transaction mentioned in the letter. NEPL is only drawing attention to important clauses in the Joint Operating Agreement (JOA) between it, NAOC and OOL, which might have been overlooked in error. Adherence to those clauses will protect the transaction, now and in the future,” the statement reads.
The Tide source reported that Oando PLC announced a 100 per cent acquisition of NAOC.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
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