Tag: MD/CEO

NIPCO Converts 15,000 Vehicles To CNG, Secures 25-Year Gas Distribution Licenses

ADEOLA YUSUF

    “Ibadan, Benin City, Lekki FTZ, Kara-Sagamu-Abeokuta-Ibadan Axis,” list of key catchment areas + full speech by MD/CEO, NIPCO Gas Ltd, Nagendra Verma, on feat, partnership, and Presidential CNG Initiative (PCNGI) to expand CNG stations   The NIPCO Gas Ltd has converted 15,000 vehicles to Compressed Natural Gas (CNG) just as it has been awarded Gas Distribution Licenses (GDL) by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Federal Government. MD/CEO, NIPCO Gas Ltd, Nagendra Verma, who disclosed this during a media briefing in Lagos, maintained…

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GTBank Guilty of Money Laundering, UK Slams £10m Fine On Bank

ADEOLA YUSUF

“UK is not Nigeria where they violate rules with impunity. The GTBank is also sanctioned for violating the strict know your customer rule in UK”   GTBank UK Ltd, a subsidiary of GTCO was fined over £10m for not adhering to the very strick know your customer, anti-money laundering rules. Platforms Africa reports that the total fine was £10m but FCA have them a 30% discount if they pay within 30 days. READ ALSO EXCLUSIVE: Customers Kick as GTBank’s Network Glitch Drags into Second Week Shell, AFC, GTBank, 6 Other…

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Buhari Fires Abuja DisCo Management Over “Incompetence”

ADEOLA YUSUF

The list of affected management team members and the crisis that led to their sack   Nigerian President Muhammadu Buhari has approved the suspension of the management of Abuja Electricity Distribution Company AEDC, and a new interim governing board appointed to oversee the day to day operations of the electricity distribution company, following the recent industrial action embarked on by its staff over non payment of arrears of  pensions, allowances, salaries and promotion. Platforms Africa reports that the sack of the management team conveyed by the presidency to the Federal…

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