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    MarketForces Africa » MarketForces News » Reps Query NNPC’s $49m Refineries Integrity Test Contract

    Reps Query NNPC’s $49m Refineries Integrity Test Contract

    Olu AnisereBy Olu AnisereJune 23, 2022 News No Comments1 Min Read
    Reps Query NNPC’s $49m Refineries Integrity Test Contract
    Femi Gbajabiamila, Speaker, House of Reps
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    Reps Query NNPC’s $49m Refineries Integrity Test Contract

    The House of Representatives has queried 2019, 49 million dollars contract for integrity test on Nigerian refineries awarded to Technimont company, by the Nigerian National Petroleum Corporation (NNPC).

    Rep. Ganiyu Johnson, the chairman of the House ad hoc committee investigating the state of the refineries issued the query during a meeting with the company and NNPC officials on Thursday in Abuja. READ: FG’s 20% Equity in Dangote, Other Refineries to Guarantee Security

    Johnson said that the company had failed to execute the contract properly as the state of the refineries were not verified. He also blamed the NNPC for failing to undertake regular turnaround maintenance on the refineries leading to their current poor state.

    He asked the company and the NNPC to submit the contract documents, especially the approval by the Federal Executive Council and payment proofs including the level of work done to the committee for scrutiny. # Reps Query NNPC’s $49m Refineries Integrity Test Contract

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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