- /home/porsch10/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://porscheclassy.com/wp-content/uploads/2017/03/AITEO.jpg&description=Crude Swap: Aiteo Paid $202million, Not Owing — NNPC', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/porsch10/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 69
https://porscheclassy.com/wp-content/uploads/2017/03/AITEO.jpg&description=Crude Swap: Aiteo Paid $202million, Not Owing — NNPC', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
The Nigerian National Petroleum Corporation (NNPC) has officially validated claims that Aiteo has no outstanding $202million obligation to the Corporation.
Officially putting the matter to rest in a release made available to newsmen yesterday, NNPC Group General Manager, Public Affairs, Ndu Ughamadu disclosed that Aiteo Group had made full settlements to the Corporation’s downstream entities amounting to $202,344,838.62.
“The amount includes Aiteo’s share of crude swap obligations plus other downstream liabilities,” Ughamadu, reiterating that Aiteo Group had from the outset demonstrated cooperation and commitment towards a successful recovery process.
This validates our story last week tiltled “Crude swap: NNPC debunks claims Aiteo is owing” where we quoted our reliable high-ranking source in the Corporation dismissing claims Aiteo was indebted, following allegations that the Group, Televaras and Ontario Oil and Gas were owing the NNPC crude oil allocations from 2012 through 2014. The source had emphasised that NNPC And Aiteo enjoy a cordial working relationship and currently share a Joint Venture (JV) tipped to currently be the best performing asset in Nigeria.
“Aiteo has met all its obligations to the NNPC in full and is not indebted to the Corporation or any of its subsidiaries. If and when there are outstanding debts to be cleared, we will duly inform Aiteo,” the source said as far back as Tuesday last week.
However, over the course of the last four days, the Dr. Maikantu Baru-led NNPC pledged to provide periodic updates on its recovery efforts for crude swap under-deliveries, assuring it is committed to transparency and adequate public information in its ongoing industry reforms.
Our earlier investigations had revealed that Aiteo collaborated with Duke Oil in the SWAP crude oil-for-refined-products-excha
NEWS
ZITDA Deploys Internet Connectivity at Gusau International Airport Ahead of October 1 Commercial Operations
ZITDA team visited the airport to assess the facility ahead of the immediate deployment of the digital infrastructure.
The connectivity will cover critical areas of the airport, including the domestic and international departure and arrival terminals, protocol and VIP lounges, the control tower, the fire station and other operational facilities. Passengers will also have access to free internet from the moment they arrive at the airport.
Speaking on the initiative, ZITDA said its responsibility goes beyond providing internet access, describing the project as part of efforts to build the digital infrastructure required for modern government, seamless public services and a connected Zamfara.
The airport deployment is part of the broader digital infrastructure expansion programme of the Zamfara State Government, driven by Governor Dauda Lawal’s vision of a more digitally enabled, efficient and connected state.
The first phase of the expansion has already been completed and covers the Government House, the JB Yakubu Secretariat Complex, the State House of Assembly Complex, the State High Court Complex, Yariman Bakura Specialist Hospital, the School of Nursing Sciences and the Zamfara Internal Revenue Service.
ZITDA said that as the state prepares to welcome commercial flights to Gusau International Airport, it is equally preparing the digital infrastructure required to support a modern airport.
NEWS
[Photo News] Governor Dauda Lawal Joins VP Shettima at UNGA, Positions Zamfara as Investment Destination
Governor Lawal, who is attending the global summit to engage world leaders on behalf of Zamfara State, remained visibly active at the Nigeria Corner and several side events, where he is projecting the state as a prime destination for investment in Nigeria, particularly within the agricultural and natural mineral value chain.
The Governor’s presence at UNGA signals Zamfara’s renewed push to attract foreign direct investment and reposition the state as an economically viable partner on the global stage, despite its recent security challenges.
More photos below:

NEWS
Governor Dauda Lawal Approves 95% Salary Increase for Health Workers
The approval, which adopts the Federal Government’s Consolidated Health Salary Structure (CONHESS), is aimed at improving the welfare of health workers and strengthening healthcare delivery in the state.
The development follows an earlier increase by the state government to bring the salaries of medical personnel in Zamfara in line with those of their counterparts in the Federal Government.
With the new approval, a health worker currently earning ₦100,000 will now take home ₦195,000, while someone on ₦200,000 will earn ₦390,000. A worker on ₦300,000 will now receive ₦585,000, and those on ₦500,000 and ₦1,000,000 will earn ₦975,000 and ₦1,950,000, respectively.
In effect, the 95 percent increase means the existing salary of every affected health worker is almost doubled.
The approval is expected to boost morale, attract and retain qualified health professionals, and ultimately improve healthcare delivery across the state.
It also comes shortly after the state government recruited new health workers last week, with the newly engaged staff set to benefit from the new salary structure.
Health workers in the state have since expressed appreciation to Governor Lawal for the gesture, describing it as a major boost to the sector.
The governor reaffirmed his administration’s commitment to the welfare of workers and the delivery of quality healthcare services to the people of Zamfara State.
-
NEWS2 days agoZITDA Deploys Internet Connectivity at Gusau International Airport Ahead of October 1 Commercial Operations
-
BIG STORY4 days agoTinubu to Nigerians: I’m Correcting Mistakes of Past Administrations, Allow Me to Finish The Work
-
POLITICS4 days agoOyo 2027: Inside the Alli-Adedeji Ticket and the ‘2 for 1’ Strategy —- By Seun Oloketuyi
-
BIG STORY4 days agoAnyone Pushing for Return of Petrol Subsidy Doesn’t Mean Well for Nigeria —- Alex Otti
-
BIG STORY1 day agoThree Nigerians Killed in South Africa Within Four Days — Consulate
-
BIG STORY2 days agoTinubu Hale and Hearty, He Will Return to Nigeria This Week —- Onanuga
-
BIG STORY2 days agoNewlywed Businessman Excretes 72 Wraps of Cocaine At Enugu Airport
-
BIG STORY1 day agoCourt Sentences Four to Death Over Kidnapping in Edo


