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NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve
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NAICOM liquidates Niger Insurance and Standard Alliance.


By Akinola Ajibade


Operation of the Niger Insurance and Standard Assurance, would henceforth be under the control of  two receivers namely Mesrs Sanya Okunkuade and Kehinde Aina respectively.
Their appointment follows the decision by the 
National Insurance Commission ( NAICOM) to liquidate the two composite insurers recently, over industry matters.
NAICOM, in a statement, said that it has appointed receivers to oversee the liquidation of two firms, since it has withdrawn their operational certificates..
NAICOM, in a statement signed by its Head of Corporate Communications and Market Development, Razak Salami, assured stakeholders of the safety and protection of their interest.
The statement reads: “This is to notify all insurance stakeholders and members of the public that the Insurance Regulators- National Insurance Commission, NAICOM has cancelled the certificates of registration of Standard Alliance Insurance Plc, RIC – 091 and Niger Insurance Plc, RIC – 029 with effect from the 21st day of June, 2022.

“Consequently, the Commission has appointed Sanya, Ogunkuade Esq of Plot 217, Upper Grace Plaza, 3rd Floor (Left Wing), Shetima Munguno Crescent, Behind Julius Berger Equipment Yard, Utako, Abuja as the Receiver/Liquidator for Niger Insurance Plc and, Kehinde Aina Esq of Aina Blankson LP, 5/7, Ademola Street, SW Ikoyi, Lagos as the Receiver/Liquidator for Standard Alliance Insurance Plc.

“All stakeholders are advised to forward their enquiries to the respective Receiver/Liquidator for each company for their necessary action

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