• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • NUPENG

      NUPENG Suspends Strike After Truce With FG, Labour, Oil Stakeholders

      Customs, Defence Bureau Unveil Airboat for Smuggling War

      Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

  • National
    • Officers of NSCDC Mining Marshals

      Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri…

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Ahmed Balarabe Sa'id

      Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

      The Minister of Education, Dr. Tunji Alausa

      FG to Schools: Get Certified Teachers or Lose WAEC Accreditation

      Troops Eliminate Terrorist, Rescue Kidnap Victims in Sokoto, Katsina, Kaduna

    • Government
      • Governor Kabir Abba Yusuf and the conjoined twins

        Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

        Governor Abba Kabir Yusuf, Kano State

        Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children…

        Ahmed Balarabe Sa'id

        Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

        The Minister of Education, Dr. Tunji Alausa

        FG to Schools: Get Certified Teachers or Lose WAEC Accreditation

        ECOBANK

        ECOWAS debt: Court Remands Ecobank Legal Head over Perjury, defamation of…

  • Security
    • Military Troops in Action

      Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara

      court Judiciary

      Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other…

      Inspector-General of Police Kayode Adeolu Egbetokun

      Police Chief Tasks Border Patrol Commanders on Enhanced Security

      Air Marshal Hasan Abubakar NAF Chief

      Air Chief Links Fiscal Discipline to Nigeria’s National Security, Operational Readiness

      Army Arrest Notorious Cattle Rustlers, Recover Arms in Plateau

  • Features
    • Officers of NSCDC Mining Marshals

      Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri…

      Omoyele Sowore, Bayo Ononuga and Adeola Ajayi

      Sowore’s Provocation, Onanuga’s Plea and the DSS Overreach

      Ahmed Balarabe Sa'id

      Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

      Traffic officials tolling the vehicle at the scene in Abuja

      SPECIAL REPORT: Extortion, Blood and Impunity Behind Abuja’s Agbero Menace

      AI for Writing

      MUST READ: Why Everyone Should Use AI for Writing, With Pride…

  • State
    • Military Troops in Action

      Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara

      Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      Governor Kabir Abba Yusuf and the conjoined twins

      Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

      court Judiciary

      Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other…

      Governor Abba Kabir Yusuf, Kano State

      Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children…

  • Event
    • Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Baze University Management visits TETFUND, Showcases Tech-Driven Growth, National Impact

      PHOTOS: BUK Alumni Association Launches Digital Hub to Unite Global Graduates,…

      Founder Image Merchant Promotion Ltd, Yushau Shuaib, Nigeria Customs CG, CGC Bashir Adewale Adeniyi and the IPRA representative during the 2024 GWA awards in Belgrade, Serbia

      Again, ​IPRA Shortlists Nigeria Customs, IMPR for Golden World Awards, Celebrates…

    • PR Nigeria Award
  • E-Paper
Home Fact-Check Fact-Check: Did FG Approve $2.5 billion for rehabilitation of Port Harcourt Refinery...
  • Fact-Check

Fact-Check: Did FG Approve $2.5 billion for rehabilitation of Port Harcourt Refinery in 2020?

By
Prnigeria
-
August 6, 2022
For long, Nigerian refineries have been comatose, causing the country to import a bulk of its refined PMS

Fact-Check: Did FG Approve $2.5 billion for rehabilitation of Port Harcourt Refinery in 2020?

Claim:

A recent WhatsApp message claims that in the year 2020, the sum of 2.5 billion dollars was provided for rehabilitation of Port Harcourt refinery. 

Full text:

The text which is now trending as comment on WhatsApp and Facebook reads, “My brother,  I was just reliably informed that in 2020, the sum of 2.5 billion dollars was provided for rehabilitation of Port Harcourt refinery. What is the update? How come we are experiencing the current fuel crisis?” 

Verification:

Read Also:

  • Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara
  • UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication
  • Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

PRNigeria conducted a keyword search and results from previous credible media reports shows that the Nigerian National Petroleum Corporation (NNPC) proposed the sum of  $2.5 billion for rehabilitation of Port Harcourt Refinery, but after the screening by Kyari led committee of NNPC, the money was reduced to $1.5 billion for rehabilitation which was later presented to the Federal Executive Council (FEC) for approval and was eventually granted.

The project was expected to be handled by Italian based company known as Tecnimont SPA for the period of 44 months. It was also gathered that the government had made an initial payment of $194m, which is equivalent to about 74, 870,420,000 Naira being the 15 per cent advance payment required for the rehabilitation of the facility to Tecnimont SpA of Italy. Besides the given amount, there’s no public record that indicates the release of more funds for the project since then. 

The project is expected to take a total completion period of 44months which has been effective since April 6, 2021 according to publicly available record. However, this has been moving at a snail speed based on media report.

Conclusion:

From all available fact and evidence gathered by PRNigeria, the FG approved $1.5 billion for the rehabilitation of Port Harcourt Refinery.

Therefore, the claim that $2.5bn was approved for the project is FALSE.

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Abba Kyari
  • Federal Executive Council
  • NNPC
  • Port Harcourt refinery
Previous articleAmb Isiaka Imam Presents Stewardship to D-8 Commission Dhaka Bangladesh
Next articleSecurity Agencies and Imminent Victory Against Non-State Actors
Prnigeria
Prnigeria

RELATED ARTICLESMORE FROM AUTHOR

FACT-CHECK: Did Governor Uba Sani describe El-Rufai as “Godsent” who assisted him with various needs, including property acquisitions and even against Peter Obi?

FACT-CHECK: Did Kwara Police Nab King of Alabe, Queen and Babanla Monarch With over ₦120m Banditry Loot?

Billions on the Table: Africa’s Top Leaders to Convene in Angola to Close Infrastructure Gap 

Saudi Arms Ship

PRNigeria Fact-Check: No Evidence Italian Dockworkers Blocked Saudi Arms Ship Allegedly Bound for Israel

Saudi Arms Ship

FACT-CHECK: Did Italian Dockworkers Block Passage of Saudi Ship Carrying Arms for ‘Israel’?

AI-generated disinformation looms ahead of Nigeria’s 2027 elections

PRNigeria Fact Check: Does Delayed Baby Umbilical Cord Clamping Have Health Benefits? 

FACT-CHECK: Did a N10bn Lafia Flyover Collapse Three Weeks After Commissioning in Nasarawa?

REVEALED: The AES shadow game fueling anti-ECOWAS, anti-Western disinformation across West Africa 

‎FACT-CHECK: Was Obi Ever Pictured Having Coffee with Gen Sani Abacha at the Presidential Villa?

FACT-CHECK: Was Sheikh Emami al-Hadi Arrested in Iran for Being a Mossad Spy?

Fact-Check: Did Bandits Die Mysteriously in Nupe Community After Kidnapping Spree?

Recent Posts

  • Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, Zamfara
  • UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication
  • Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia
  • Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other Terrorists
  • Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children Crisis
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Military Eliminates Terrorist Commanders in Yobe, Foil Attacks in Sokoto, ZamfaraUNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of CommunicationKano Separated Conjoined Twins Return Home After Successful Surgery in S/ArabiaCourt Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other TerroristsKano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children CrisisPolice Chief Tasks Border Patrol Commanders on Enhanced SecurityAir Chief Links Fiscal Discipline to Nigeria’s National Security, Operational ReadinessArmy Arrest Notorious Cattle Rustlers, Recover Arms in PlateauTroops Repel Bandits’ Attacks in Kaduna, Katsina, Recover Rustled CattleMining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri Idakwo LarubaNIPR Inducts 422 New Members, Urges Commitment to National UnitySowore’s Provocation, Onanuga’s Plea and the DSS OverreachNigerian Troops Intercept Ransom Money, Recover 160 Rustled CattlePolice Nab 'Obi of Lagos,' Foil ₦1.5 Billion New Palace FraudRenewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id
X whatsapp