Skip to content
August 13, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • NNPC says story of pending N36bn royalty to Alesa-Eleme community is fake news
  • Business & Economy

NNPC says story of pending N36bn royalty to Alesa-Eleme community is fake news

Admin June 4, 2018

NNPC head office

NNPC head office

The Nigerian National Petroleum Corporation (NNPC) has dismissed insinuation of an approved N36 billion compensation, said to be due to Alesa-Eleme community in Rivers as royalty for playing host to the Port Harcourt Refining Company (PHRC).

NNPC in a statement by its spokesperson, Mr Ndu Ughamadu, traced the origin of the purported compensation story to a traditional ruler, regarded as a claimant to the Alesa-Eleme traditional stool.

Ughamadu  said  the traditional ruler went to town with the fake story after a purported meeting with the Minister of State for Petroleum Resources (HMSPR) and Board Chairman of the corporation, Dr. Emanuel Ibe Kachikwu.

According to Ughamadu, NNPC affirmed that checks with the minister indicated that no such meeting at which any such approval or promises were made took place.

He said the apparently fabricated story was designed to cause disharmony between the NNPC and the hospitable Alesa-Eleme community.

He emphasised that Port Harcourt refinery had over the years enjoyed cordial relations with all the 10 communities in Eleme where it is located.

He listed some of the communities to include Alesa Eleme and Alade Eleme through the Joint Community Relations committee (JCRC).

“The JCRC, comprising representatives from the various interest groups of the community, had been relating with the management of PHRC on a sustained basis for creation and execution of development projects and needs of the communities.

“While thanking the peace-loving people of Eleme for their love and hospitality through the decades, the corporation implored the community dwellers, especially the youths, to discountenance  any such rumour of impending N36bn compensation as there was no such approval or payment to any entity,’’ Ughamadu said.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Alesa-Eleme compensation Dr Emmanuel Ibe Kachikwu Ndu Ughamadu NNPC

Post navigation

Previous Agu, Simon, Aina out of Eagles’23-man World Cup final list
Next This plot will fail, Saraki mocks police over Offa robbery allegation

Related Stories

Nigeria Exceeds OPEC Target for Third Straight Month at 1.67m bpd Despite 4% Output Drop OPEC
  • Business & Economy

Nigeria Exceeds OPEC Target for Third Straight Month at 1.67m bpd Despite 4% Output Drop

August 12, 2026
Lagos inaugurates Agege fresh food hub to reduce post-harvest losses
  • Business & Economy

Lagos inaugurates Agege fresh food hub to reduce post-harvest losses

August 12, 2026
Nigeria considers crude supply reforms to aid Dangote, other refiners
  • Business & Economy

Nigeria considers crude supply reforms to aid Dangote, other refiners

August 12, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

32m West Africans risk displacement, $294bn needed to tackle climate crisis — ECOWAS regional heads
  • International News

32m West Africans risk displacement, $294bn needed to tackle climate crisis — ECOWAS

August 12, 2026
Nigeria Exceeds OPEC Target for Third Straight Month at 1.67m bpd Despite 4% Output Drop OPEC
  • Business & Economy

Nigeria Exceeds OPEC Target for Third Straight Month at 1.67m bpd Despite 4% Output Drop

August 12, 2026
Osun: Police arrests 4 over alleged attempted murder, firearms possession beans worth n17
  • National News

Osun: Police arrests 4 over alleged attempted murder, firearms possession

August 12, 2026
Accord petitions EU, ECOWAS over rising violence ahead of Osun gover’ship election
  • National News

Accord petitions EU, ECOWAS over rising violence ahead of Osun gover’ship election

August 12, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.