Muhammadu Buhari

Africa Oil & Gas: Nigeria Lawmakers vows to investigate claim on $17B oil theft

Posted on by Mozambique Resources Post

Lawmakers in Nigeria’s lower house of parliament are to investigate whether $17 billion of petroleum and fuel exports were stolen by companies and government agencies under the administration led by President Muhammadu Buhari’s predecessor, Reuters reports.

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Africa Oil & Gas: Nigeria President Appoints New Board of Directors for NNPC

Posted on by Mozambique Resources Post

President Muhammadu Buhari has approved the composition of a new Board of the Nigerian National Petroleum Corporation (NNPC). A statement issued by the president’s Special Adviser on Media and Publicity, Mr Femi Adesina, said the approval was in line with the Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended.

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Africa Oil & Gas: “Nigeria to Start Dialogue with Niger Delta Militants” – Oil Minister says

Posted on by Mozambique Resources Post

Nigeria will start a dialogue with the Niger Delta Avengers militant group which has been claiming a string of attacks, oil minister Emmanuel Ibe Kachikwu said. President Muhammadu Buhari had appointed a team “to begin the process of a very intensive dialogue with those caught in the middle of this,” Emmanuel Ibe Kachikwu said late on Monday. He also said the country’s oil output was between 1.5 million and 1.6 million barrels a day.(Source: Reuters, Reporting…

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Africa Oil & Gas: Nigeria’s President promiss recovery of stolen oil money

Posted on by Mozambique Resources Post

Nigerian President Muhammadu Buhari has said his government will trace and recover what he called “mind-boggling” sums of money stolen from the oil sector. Buhari, who was inaugurated on May 29 after being elected on promises to fight corruption, made the comments on Tuesday while addressing Nigerians in the United States. His four-day visit included talks with President Barack Obama, as reported by Reuters news agency.

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