• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

NNPC is under fire for attempting to sideline AKK project consortium

Emmanuel Abara Benson by Emmanuel Abara Benson
September 19, 2018
in Business News, Company News
Nigerian National Petroleum Corporation, Ndu Ughamadu

NNPC

Share on FacebookShare on TwitterShare on Linkedin

The Nigerian National Petroleum Corporation (NNPC) risk being dragged to court by Macready Oil Services Company Limited and Miles Energy Services Limited for meddling in the contract for the multi-billion dollar Trans-Nigeria Gas Pipeline (TNGP) project.

The two companies, along with five others, make up the consortium that received the $834 million contract to handle Lot 2 of the TNGP gas project. The Lot 2 entails the construction of the Abuja to Kaduna section of the project and a 24-inches diametre spurline.

Despite winning the contract in 2016 after a successful bidding process, the NNPC has now been accused of trying to sideline the consortium in favour of a third party that never participated in the bidding process. This is according to Mr Fidelis Oditah (SAN), the attorney representing the above-named companies.

RelatedStories

Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 

Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 

April 18, 2025
NNPC’s New Board and CBN’s Reserve Truth | Drinks and Mics

NNPC’s New Board and CBN’s Reserve Truth | Drinks and Mics

April 5, 2025

Mr Oditah also accused the oil and gas regulator (i.e., NNPC) of trying to connive with the Federal Executive Council (FEC) to breach the 2016 contract with the consortium.

“The FEC is not a court of law and cannot resolve commercial disputes between NNPC and its contractors. The FEC should not entertain NNPC’s request. To do otherwise would give the wrong impression that the Federal Government is above the law and its own courts, which will further damage investor confidence in Nigeria and its adherence to the rule of law.”  – Oditah

The lawyer went further to accuse the NNPC of using law enforcement to intimidate some top executives of the companies in the consortium. He cited an instance earlier this year when the Managing Director of Miles Energy, Kamoru Oladimeji, was arrested in Lagos and taken to Abuja where he was detained by the State Security Services.

Nairametrics gathers that troubles started as soon as the contract was awarded to the consortium in 2016. Just last month, NNPC filed a suit against the consortium claiming that it had “no valid or subsisting or enforceable contract”.

This is because of what the NNPC said is the consortium’s failure to finalise the contract and execute the project. But the consortium insists that any issues NNPC might have experienced are all self-inflicted.

In the meantime, both parties await the outcome of the ongoing legal proceeding even as the consortium has vowed to take legal actions against any entity that bids to take over the contract from them until the court decision is known.


Follow us for Breaking News and Market Intelligence.
Tags: AKK project consortiumNNPCTNGP gas project
Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

Related Posts

Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 
Energy

Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 

April 18, 2025
NNPC’s New Board and CBN’s Reserve Truth | Drinks and Mics
Digital Media

NNPC’s New Board and CBN’s Reserve Truth | Drinks and Mics

April 5, 2025
Meet Bayo Ojulari: Former Managing Director Shell appointed CEO of NNPC
Energy

Meet Bayo Ojulari: Former Managing Director Shell appointed CEO of NNPC

April 2, 2025
Petrol price, NNPCL, PMS
Breaking News

Petrol price rises to N970 per litre at filling stations

March 30, 2025
Why fuel subsidy removal cannot wait any longer - energy expert
Business News

Marketers dismiss fuel scarcity fears, urge Nigerians to avoid panic buying 

March 26, 2025
NASENI partners Energy firm for manufacturing, distribution of CNG kits in Nigeria 
Energy

NASENI partners Energy firm for manufacturing, distribution of CNG kits in Nigeria 

March 24, 2025
Next Post
L-R: Mr. Opeyemi Agbaje, CEO, RTC Advisory; Dr. Fidelis Ayebae, CEO, Fidson Healthcare Plc; Mr. Kola Ayeye, CEO, GDL; Dr. (Mrs.) Nadu Denloye, Chairman, GDL; Mr. Oye-Hassan Odukale, MD/CEO, Leadway Assurance Company Limited; Mr. Simon Aranonu, Executive Director, Bank of Industry; and Mr. Adedotun Sulaiman, Executive Chairman, Arian Capital Limited at the GDL business conference in Lagos last Wednesday.

GDL organizes conference on building transgenerational businesses for business sector players

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • Top 10 Consumer Goods companies with the highest gains on the NGX in H1 2025 
  • The best selling cars of 2024 in Nigeria 
  • FG warns 161 million Nigerians now food insecure, moves to avert nutrition crisis 

Follow us on social media:

Recent News

Consumer goods

Top 10 Consumer Goods companies with the highest gains on the NGX in H1 2025 

July 12, 2025
The best selling cars of 2024 in Nigeria 

The best selling cars of 2024 in Nigeria 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics