• 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.

MoreStories

ABCON President

ABCON seeks CBN backing to boost forex inflows, stabilise Naira

November 9, 2025
Lagos plans N500 entertainment tax, eyes N20 billion annual revenue 

Lagos signs MoUs with three investors to boost recycling of plastics and tyres 

November 9, 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

Crude oil barrels with energy industry background
Energy

Nigerian crude oil prices fall as OPEC+ signals output hike, Iraq restarts exports

October 1, 2025
Seplat Energy
Deal Signals

Seplat plans 10% SEPNU Joint Venture sale to NNPC, reveals five-year targets 

September 18, 2025
Maryamu Idris, Managing Director of NNPC Trading Limited
Appointments

NNPC MD, Maryamu Idris appointed Nigeria’s OPEC national representative 

September 18, 2025
Under Tinubu, a blueprint for Nigeria’s consumer credit economy is quietly unfolding 
Economy

Tinubu orders review of revenue deductions by NNPC, FIRS, Customs, NIMASA, others

August 14, 2025
Crude oil barrels with energy industry background
Energy

Nigeria surpasses OPEC target for second consecutive month, hits 1.5 million bpd in July 2025 

August 12, 2025
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
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 *

tajbank
arco
access bank
nairametrics
first bank






DUNS

Recent News

  • ABCON seeks CBN backing to boost forex inflows, stabilise Naira
  • Trump to pay Americans $2,000 ‘dividend’ from tariffs imposed on imported goods
  • Lagos signs MoUs with three investors to boost recycling of plastics and tyres 

Follow us on social media:

Recent News

ABCON President

ABCON seeks CBN backing to boost forex inflows, stabilise Naira

November 9, 2025
Trump Tariff of Countries List

Trump to pay Americans $2,000 ‘dividend’ from tariffs imposed on imported goods

November 9, 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