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2016-10-25T00:00:00.000Z

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Wrong Ibe Kachikwu?

Dr. Ibe Kachikwu

HQ Phone: 234 9 460 82500

Email: e***@***.com

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Nigerian National Petroleum Corporation

NNPC Towers, Herbert Macaulay Way

Abuja,

Nigeria

Company Description

The NGC was established in 1988 as one of the 11 subsidiaries of the Nigerian National Petroleum Corporation (NNPC). It is charged with the development of an efficient gas industry to fully serve Nigeria's energy and industrial feedstock needs through a ... more

Find other employees at this company (1,492)

Background Information

Employment History

President

OPEC

Minister of State

Petroleum & Resources Corporation

General Counsel

Texaco Limited

Affiliations

Fellow
The Society for Corporate Governance NigeriaSM Limited

Fellow
Chartered Institute of Arbitrators

Founder
True Tales Publications Limited

Education

Law

Nigerian Law School

Doctoral degree

Law

Harvard Law School

Doctorate Degree

Law

Harvard Law School USA

Masters

Law

Harvard Law School USA

doctorate degree

Law

Harvard Law School

first class degree

Law

University of Nigeria

masters Degree

Law

Harvard Law School

post graduate degree

Harvard

Web References (198 Total References)


NNPC in the news

dev.nnpcgroup.com [cached]

Newly appointed Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Emmanuel Ibe Kachikwu has assumed duty as the Chief Execut...


The President will be accompanied by ...

crownnaturesnigltd.com [cached]

The President will be accompanied by a high-powered Federal Government delegation, including the Minister of State (Petroleum) and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu.


The Group Managing Director, ...

starklegalng.com [cached]

The Group Managing Director, NNPC, Dr. Emmanuel Ibe Kachikwu, who reassured of the Corporation's solvency in Lagos, during a question and answer session with journalists, said what was wrong with the establishment was cash flow management.

Specifically, while admitting that the Corporation owes about $6billion in Joint Venture, JV cash call obligations, he also disclosed that NNPC was losing annually over N200 billion through the Pipeline and Products Marketing Company, PPMC and additional N10billion from each of the nation's refineries.
...
Kachikwu, who was responding to the constant speculations that NNPC is broke, and as the main purse of the Federal Government that by extension, Nigeria too is broke, maintained that such assertions are not true.
...
Explaining the pile up of the Joint Venture, JV cash call arrears of about $6billion, Kachikwu said: "The $6billion arose from very many factors; one is for PSCs (Production Sharing Contracts).
...
Kachikwu said that the contract cancellations was not about calling a dog a bad name in order to kill it, but ones that fell short of procedures and did not have the best yield.
...
Reiterating the essence of systems transparency, Kachikwu noted that NNPC, had hitherto been perceived as being very opaque, and as such needed to do away with such negative perceptions and open up its operations to public scrutiny.
...
Kachikwu disclosed that to improve systemic efficiency, the PPMC is being unbundled into three companies because as it is, the marketing company records the highest losses in the NNPC system.
...
Kachikwu further said that management has also been the biggest problem with the nation's refineries, as they were not being run as profitable business models but on sentiments, which is resulting in huge losses.
Notwithstanding that the engineers at the refineries are doing a yeoman's job by running facilities of over 30 years, without proper maintenance and spare parts, which he described as a " miracle," the NNPC boss insisted that the refinery models were faulty.
He said: "The reality is, if you give me 450,000 barrels of allocation, the models must be straight forward.
...
In terms of capacity, Kachikwu admitted, "There are lots of skilled people in NNPC.


The Group Managing Director, ...

starklegalng.com [cached]

The Group Managing Director, NNPC, Dr. Emmanuel Ibe Kachikwu, who reassured of the Corporation's solvency in Lagos, during a question and answer session with journalists, said what was wrong with the establishment was cash flow management.

Specifically, while admitting that the Corporation owes about $6billion in Joint Venture, JV cash call obligations, he also disclosed that NNPC was losing annually over N200 billion through the Pipeline and Products Marketing Company, PPMC and additional N10billion from each of the nation's refineries.
...
Kachikwu, who was responding to the constant speculations that NNPC is broke, and as the main purse of the Federal Government that by extension, Nigeria too is broke, maintained that such assertions are not true.
...
Explaining the pile up of the Joint Venture, JV cash call arrears of about $6billion, Kachikwu said: "The $6billion arose from very many factors; one is for PSCs (Production Sharing Contracts).
...
Kachikwu said that the contract cancellations was not about calling a dog a bad name in order to kill it, but ones that fell short of procedures and did not have the best yield.
...
Reiterating the essence of systems transparency, Kachikwu noted that NNPC, had hitherto been perceived as being very opaque, and as such needed to do away with such negative perceptions and open up its operations to public scrutiny.
...
Kachikwu disclosed that to improve systemic efficiency, the PPMC is being unbundled into three companies because as it is, the marketing company records the highest losses in the NNPC system.
...
Kachikwu further said that management has also been the biggest problem with the nation's refineries, as they were not being run as profitable business models but on sentiments, which is resulting in huge losses.
Notwithstanding that the engineers at the refineries are doing a yeoman's job by running facilities of over 30 years, without proper maintenance and spare parts, which he described as a " miracle," the NNPC boss insisted that the refinery models were faulty.
He said: "The reality is, if you give me 450,000 barrels of allocation, the models must be straight forward.
...
In terms of capacity, Kachikwu admitted, "There are lots of skilled people in NNPC.


The Group Managing Director, ...

starklegalng.com [cached]

The Group Managing Director, NNPC, Dr. Emmanuel Ibe Kachikwu, who reassured of the Corporation's solvency in Lagos, during a question and answer session with journalists, said what was wrong with the establishment was cash flow management.

Specifically, while admitting that the Corporation owes about $6billion in Joint Venture, JV cash call obligations, he also disclosed that NNPC was losing annually over N200 billion through the Pipeline and Products Marketing Company, PPMC and additional N10billion from each of the nation's refineries.
...
Kachikwu, who was responding to the constant speculations that NNPC is broke, and as the main purse of the Federal Government that by extension, Nigeria too is broke, maintained that such assertions are not true.
...
Explaining the pile up of the Joint Venture, JV cash call arrears of about $6billion, Kachikwu said: "The $6billion arose from very many factors; one is for PSCs (Production Sharing Contracts).
...
Kachikwu said that the contract cancellations was not about calling a dog a bad name in order to kill it, but ones that fell short of procedures and did not have the best yield.
...
Reiterating the essence of systems transparency, Kachikwu noted that NNPC, had hitherto been perceived as being very opaque, and as such needed to do away with such negative perceptions and open up its operations to public scrutiny.
...
Kachikwu disclosed that to improve systemic efficiency, the PPMC is being unbundled into three companies because as it is, the marketing company records the highest losses in the NNPC system.
...
Kachikwu further said that management has also been the biggest problem with the nation's refineries, as they were not being run as profitable business models but on sentiments, which is resulting in huge losses.
Notwithstanding that the engineers at the refineries are doing a yeoman's job by running facilities of over 30 years, without proper maintenance and spare parts, which he described as a " miracle," the NNPC boss insisted that the refinery models were faulty.
He said: "The reality is, if you give me 450,000 barrels of allocation, the models must be straight forward.
...
In terms of capacity, Kachikwu admitted, "There are lots of skilled people in NNPC.

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