Business A.M
No Result
View All Result
Saturday, March 14, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Energy

NNPC to penalise defaulters of Procurement Act

by Admin
March 6, 2019
in Energy, Oil and Gas
Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation, on Wednesday, warned the management and staff of the oil firm against any action that contravenes the provisions of the Public Procurement Act in the award of contracts.
According to Baru, severe penalties await any defaulter of the stipulations in the Procurement Act.
He gave the warning at a Supply Chain Management workshop for NNPC Procurement Managers at the corporation’s headquarters in Abuja.
Baru cautioned employees of the firm against contract splitting and accumulation, which he described as a deliberate act by procurement managers to subvert due process in the procurement process.
He restated the corporation’s commitment to transparency in every aspect of its operations, stressing that all procurements and contract awards in NNPC under his watch so far had been carried out in conformity with the Public Procurement Act.
Baru directed the Supply Chain Management Division of the NNPC to step up its level of monitoring of the various tender boards within the national oil firm for full compliance.
He commended President Muhammadu Buhari for the early approval of the NNPC budget, assuring him that as the chief revenue earner for the nation, NNPC was committed to the economic policies of the Federal Government.
Baru was quoted in a statement issued by the corporation’s spokesperson, Ndu Ughamadu, as saying, “The whole essence of the next level is to ensure that things are done correctly and speedily for the benefit of the people.”
The workshop was organised to sensitise procurement managers in the NNPC to the new procurement policies by the Federal Government.
Admin
Admin
Previous Post

CBN releases IFRS 9 implementation guidelines for other financial institutions

Next Post

World’s second man cleared of AIDS virus invigorates quest for cure

Next Post

World's second man cleared of AIDS virus invigorates quest for cure

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

inDrive expands driver welfare with affordable telemedicine in Nigeria

March 13, 2026
Lafarge Africa generates N268.62bn revenue in Q2 2025

Lafarge Africa champions mentorship, skills training to expand women’s role in construction

March 13, 2026
Unilever Nigeria elevates women’s leadership with “In Her Element” IWD event

Unilever Nigeria elevates women’s leadership with “In Her Element” IWD event

March 13, 2026
Another deferred hope agenda in Nigeria’s national assets sale

Stitch in time! Take Nigeria’s economy back to drawing board

March 13, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

inDrive expands driver welfare with affordable telemedicine in Nigeria

March 13, 2026
Lafarge Africa generates N268.62bn revenue in Q2 2025

Lafarge Africa champions mentorship, skills training to expand women’s role in construction

March 13, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M