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We will be transparent, and accountable at all times – NNPC Boss

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The Group Managing DirectorMele Kyari, of the  Nigerian National Petroleum Corporation – NNPC  has reassured that the institution will remain transparent and accountable at all times.

This he gave in his statement, while receiving the Government Agency of the Year 2020 (Transparency) award on behalf of the oil firm.

 Kennie Obateru, who is the Spokesperson of the corporation, said in a statement issued in Abuja on Wednesday that the award was presented to NNPC by the New Telegraph Newspaper.

In his remarks at the event, Kyari said the corporation had long understood the importance and essence of being transparent and accountable at all times.

Read Also: I don’t see the practicability of an election in 2023 without a change – Adebanjo

He also added that the management had resolved to drive the corporation along the line of transparency, accountability and performance excellence agenda.

Kyari commended the interest of the media in the activities of the corporation and the oil and gas sector as a welcomed development.

He went further to assure the guests at the event that given the value placed on the award, he will add more effort to justify the trust placed on him.

Read Also: Buhari appoints new Service Chief – Femi Adesina

“This award would be a major impetus towards our unflinching efforts to change the narrative around the NNPC brand, and will surely imbue us to take the transparency drive to new and enviable heights,” Kyari said.

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crimewatch

Three construction workers kidnapped in Ondo

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Nigerian Police

Three construction workers have been kidnapped along Ikaramu-Akunnu Akoko in Akoko North West Local Government Area of Ondo State on Tuesday evening by some unknown gunmen.

The workers whose name has not yet been revealed were working at the ongoing rehabilitation of Ikaramu-Akunnu road when the hoodlums struck.

When contacted, the Public Relations Officer of the state police command, Mr Tee-Leo Ikoro, confirmed the incident, saying an investigation had commenced into it.

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“Our men are already in the area to rescue the victims,” the PPRO stated.

The traditional ruler of Ikaram, Oba Andrew Momodu, in a reaction, confirmed that the workers were kidnapped after they closed for the day’s job.

According to him, the hoodlums struck when the expatriate contractor handling the project had just left with his policemen.

The monarch appealed for more security men to comb the forest for a rescue operation.

Similarly, the Alauga of Auga Akoko, Oba Samuel Agunloye, added, “The incessant kidnapping and other criminal acts are now worrisome in the area.”

It was gathered that the Divisional Police Officer in charge of Okeagbe Akoko, Mr Ade Akinwande, has led other officers to search the forest in a bid to rescue and release the victims.

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Business

Airtel signs $500m loan with Bank of America, others

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Airtel signs $500m loan with Bank of America, others

Airtel Africa has announced the signing of a new $500m loan facility with a group of relationship banks to partially refinance the group’s €750m Euro-denominated bond (c.$880m) due May 20, 2021.

In a statement signed on Wednesday, by its Group Company Secretary, Simon O’Hara, the banks that participated in the facility include, Bank of America, BNP Paribas, Citibank, HSBC, J.P. Morgan, Standard Chartered Bank, and two Indian relationship banks, Axis Bank and Kotak Mahindra Bank.

O’Hara said the new committed facility consisted of a combination of a revolving credit facility and term loans with tenor of up to four years.

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He stated that the balance of the Euro-denominated bond would be repaid with existing group cash to reduce gross debt and associated interest costs.

“The new loan facility further strengthens the core liquidity of the group,” the group said in the statement.

The telecommunication company also said it had prepayment flexibilities that would allow the group to optimize the efficiency of its capital structure with the free cash flows and cash receipts anticipated over the next 12 months, following the recent announcements related to tower sales and mobile money minority investments.

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Entertainment

Reigning Mrs. World, Caroline Jurie resigns, runner up takes over

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Reigning Mrs. World resigns, runner up takes over

The reigning Mrs World, Caroline Jurie, has resigned her title, the organization running the pageant, said late on Tuesday, weeks after she was involved in a controversy at the Mrs Sri Lanka event.

I stand proud today, knowing that I stood up for what is right. I believe the Mrs World Crown stands for a purpose,” Jurie wrote in a statement shared on her Instagram page.

She continued: “I know Mrs World Inc. does not condone malpractices. Therefore, wearing the Mrs World crown and holding the title on unfair grounds go against the purpose of ensuring a fair and equal stage for every woman.”

” Hence, I am stepping down from the title of Mrs World 2020 and I am handing over my Mrs World 2020 Crown. I hereby terminate the Mrs World 2020 contract I entered into on November 4, 2019, with Mrs World Inc.”

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Jurie was arrested and released on bail this month after a fracas at the Mrs Sri Lanka pageant in Colombo, where Jurie forcibly removed the winner’s crown, claiming the other woman was a divorcee and not qualified to win the title.

“Her voluntary resignation decision was made solely by Caroline herself,” Mrs World Inc said late on Tuesday, in a news release on social media.

Jurie was not immediately reachable for comment.

Kate Schneider of Ireland, the runner-up in the 2020 contest which Jurie won, will be the new Mrs World 2020, the organization said.

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