Democracy NewslineDemocracy Newsline
  • Home
  • Politics
    Politics
    Show More
    Top News
    Kogi guber: We’ll ensure overwhelming victory for APC’s Ododo in November – Gov. Dapo Abiodun
    2 years ago
    Olayinka Braimoh’s Candidacy Endorsed By a PDP Chieftain
    2 years ago
    Kogi Guber: 21 LG Chairmen of Labour Party Defect to APC, Declare Support for Ododo
    2 years ago
    Latest News
    Crisis in the APC: North-East Revolts Over Alleged Plot to Drop Shettima from 2027 Ticket.
    6 hours ago
    Kogi East APC Stakeholders Meet to Foster Unity, Unveils New Zonal Vice-Chairman
    2 days ago
    Tompolo’s Grassroots Movement Launches Nationwide Campaign For Re-election Of Tinubu
    3 days ago
    JUNE 12 REMAINS AN INEFFACEABLE WATERSHED IN OUR DEMOCRATIC JOURNEY.
    5 days ago
  • Technology
    TechnologyShow More
    Key Takeaways from the Kogi Dialogue Marking Governor Ododo’s First Year in Office
    4 months ago
    Bala Wunti in the News Again
    4 months ago
    Dangote Refinery Slashes Ex-Depot Petrol Price to N890 Per Litre
    5 months ago
    Ajaokuta LNG Plants Will Position Kogi as a Key Player in Nigeria’s Energy Sector – Governor Ododo
    5 months ago
    Ughievwen Monarch Commends Tinubu for Approval of New 10,000 bpd Refinery in Imode
    5 months ago
Reading: Energy Advocates Condemn Collapse of $1.5b Port Harcourt Refinery, Demand Accountability
Share
Notification Show More
Latest News
Crisis in the APC: North-East Revolts Over Alleged Plot to Drop Shettima from 2027 Ticket.
News Politics
Nollywood Set to Premiere “Swept Away” as Oritsgee Media Rises in Kogi State
News
Father’s Day Celebration at Cherubim and Seraphim Movement Church, Kabba 
News
Zambian Government and Lungu’s Family Reaches Agreement on Former President Edgar Lungu’s Funeral Plans
International News
Corps Members Raise Alarm as Gombe NYSC Camp Deteriorates
News
Aa
Democracy NewslineDemocracy Newsline
Aa
  • Economics
  • Politics
  • Business
  • Science
  • Technology
  • Home
  • Politics
  • Technology
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 Democracy Newsline All Rights Reserved.
Democracy Newsline > News > Economics > Energy Advocates Condemn Collapse of $1.5b Port Harcourt Refinery, Demand Accountability
EconomicsNews

Energy Advocates Condemn Collapse of $1.5b Port Harcourt Refinery, Demand Accountability

Democracy Newsline
Last updated: 2024/12/22 at 11:38 AM
Democracy Newsline 6 months ago
Share
SHARE

Energy Advocates Condemn Collapse of $1.5b Port Harcourt Refinery, Demand Accountability

A group of energy advocates and socio-economic activists has condemned the collapse of the Port Harcourt Refining Company, just weeks after the Nigerian National Petroleum Company Limited (NNPCL) claimed it had been restreamed.

The Energy Reforms Advocates and Socio-Economic Activists, led by Dr. Thomas Zion Godknows, at a press conference in Port Harcourt on Saturday, expressed their outrage over the failed rehabilitation project, which cost Nigerians $1.5 billion.

According to the group, the refinery’s shutdown results from the NNPCL’s fraudulent conduct and blatant lies about the facility’s status.

Godknows who described the the rehabilitation project as a scam accused the NNPCL of lying about the refinery’s status, claiming that it had been producing and distributing refined products when, in fact, it had stopped working altogether.

The group also alleged that the NNPCL had converted the Port Harcourt Refining Company into a blending plant for passing off sanction-tainted crude oil from Russia, a claim the corporation had previously denied.

“Recall that we categorically stated that the Port Harcourt Refining Company was no longer able to resume as a refinery because Mele Kyari, the Group Chief executive officer (GCEO) of NNPCL, with associates, has decided to convert it into a blending plant for passing off sanction-tainted crude oil from Russia,” the statement said.

“The corporation again vehemently dismissed this fact as mischief. The actual mischief-maker became known when NNPCL put up a Nollywood show about reopening the refinery. Six trucks loaded residual or old stock, while NNPCL put up a Nollwood-worthy video production of 200 trucks loading petrol.

“The shock from presenting residual stock as freshly refined products had barely settled on Nigerians before it emerged that the refinery was merely blending several concoctions to assuage Nigerians, who started asking questions.

“The NNPCL floated the story about exporting refined products to the United Arab Emirates (UAE) the moment Nigerians started asking questions about the dangers that the blended concoction posed to their vehicles.

“True to form, Kyari purged the concoction from Port Harcourt Refinery to Dubai-based Gulf Transport & Trading Limited (GTT), an entity conveniently set up by Adisu Aliyu, a proxy for Mele Kyari, who runs his syndicates.

“The collapse of the Port Harcourt Refinery is a glaring reminder of the urgent need to reform NNPCL. It is also a wake-up call to insulate the other refineries from the ravages of NNPCL.

“This is why we are now demanding full disclosure of Warri Refineries. Will Warri Refinery become another blending plant that will function for only 23 days and collapse? What tales by moonlight are we going to hear about the other refineries?

“The lack of transparency in NNPCL’s operations is of grave concern. The public deserves clear and honest disclosure regarding the challenges and progress of something as critical as the Port Harcourt refinery to the nation’s energy security. The absence of detailed explanations and accountability measures only validates distrust among stakeholders.”

The group, therefore, urged the Federal Government to conduct an independent audit of the Port Harcourt Refinery rehabilitation project to identify the root causes of the failures and ensure accountability for the mismanagement of funds.

You Might Also Like

Crisis in the APC: North-East Revolts Over Alleged Plot to Drop Shettima from 2027 Ticket.

Nollywood Set to Premiere “Swept Away” as Oritsgee Media Rises in Kogi State

Father’s Day Celebration at Cherubim and Seraphim Movement Church, Kabba 

Zambian Government and Lungu’s Family Reaches Agreement on Former President Edgar Lungu’s Funeral Plans

Corps Members Raise Alarm as Gombe NYSC Camp Deteriorates

Democracy Newsline December 22, 2024
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email
Previous Article Building A Greater Navy And Ogalla’s Footprints
Next Article UNODC, NDLEA applaud Kwara govt’s efforts in curbing drug abuse, trafficking
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

  • Advertise

Find Us on Socials

© Foxiz News Network. Ruby Design Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?