December 1, 2022 11:28 AM
The agreement, codenamed Project Panther , was sealed at the signing ceremony held on Tuesday in London.Speaking at the event, Adokiye Tombomieye, executive vice-president, “I am glad to welcome you to the signing ceremony of Project Panther, the $1.4 billion external project finance jointly arranged by Standard Chartered Bank UK and United Bank for Africa for Northern Hydrocarbon Funding Limited on behalf of the NNPC Limited/Chevron Nigeria Limited Joint Venture,” he said.
“It is obvious that our diligence in meeting debt service obligations, especially during the height of the COVID-19 pandemic, has not gone unnoticed by the market. I will, therefore, like to affirm our commitment to delivering true value to our esteemed Lenders in this regard.”
Source: News Formal (newsformal.com)
At the end NNPCL will not remit any earned profits to the Federation Account.NNPCL keep transacting business with Nigeria wealth without paying any royalties to Nigeria,&all of this happened with President Buhari as the President&Minister of Petroleum Resources. Woeful LEGACY!?
nnpclimited That will go into the pockets of political looters and some of you the leaders of the NNPC.....what a shame!!!
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