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APC Youths Demand Kyari’s Removal Over $6.8b NNPCL Debt
The APC Youth Solidarity Network has demanded the immediate resignation or sack of Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPC Ltd), following the company’s admission of owing a staggering $6.8 billion in debt.
This shocking revelation has sparked widespread outrage and raised fundamental questions about Kyari’s leadership and governance style.
Olalekan Isaac, the President of the group, at a press conference in Abuja, branded Kyari’s leadership a “catastrophic failure” marked by a lack of transparency, accountability, and fiscal prudence.
He condemned NNPC’s initial denial of the debt as a “brazen lie” that has eroded trust in the institution and undermined the nation’s economic stability.
The APC Youth Solidarity Network questioned how NNPC, under Kyari’s watch, could accumulate such a massive debt despite the nation’s vast oil resources.
They also lamented the nation’s reliance on imported fuel, despite being Africa’s largest oil exporter, as a direct consequence of years of systemic neglect and mismanagement of the state-owned oil refineries.
The group urged President Bola Tinubu to take swift and decisive action in addressing this crisis, including facilitating Kyari’s immediate resignation, initiating a comprehensive investigation into NNPC’s financial dealings, and implementing measures to prevent similar occurrences in the future.
Isaac warned that Kyari’s continued occupation of office would only exacerbate the nation’s economic woes and tarnish the reputation of the All Progressives Congress (APC) and the Nigerian people.
He demanded leadership that embodies transparency, consistency, and accountability, and called on President Tinubu to act decisively to restore the nation’s trust and confidence in its institutions.
Read full statement below:
Today, we convene in a somber atmosphere, compelled to address a pressing issue of profound gravity that has emerged within the hallowed halls of our nation’s premier oil entity, the Nigerian National Petroleum Corporation Limited (NNPC Ltd). With deep regret and a profound sense of dismay, we acknowledge the startling admission by NNPC Ltd, under the stewardship of Mr. Mele Kolo Kyari, that it has accrued a staggering debt of $6.8 billion—a stark reversal of their initial assertions, which vehemently dismissed such claims as baseless and unfounded.
This astonishing admission not only validates the conspicuous financial encumbrance that NNPC has become but also raises fundamental questions regarding the leadership and governance style of Mr. Mele Kolo Kyari, the Group Chief Executive Officer of NNPC Ltd. His tenure has been characterized by an unacceptable lack of transparency, accountability, and fiscal prudence, culminating in this colossal debt that threatens the very fabric of our national economy.
It has become painfully evident that the national oil corporation’s financial woes commenced early this year, when overdue payments for Premium Motor Spirit (PMS), commonly referred to as petrol, skyrocketed to an alarming $3 billion. Regrettably, this figure has since ballooned to an unprecedented $6.8 billion, representing a staggering 100% increase since April, as the Nigerian National Petroleum Company Limited (NNPC Ltd) grapples with the unsustainable disparity between fixed pump prices and escalating international fuel costs.
This shocking revelation has sparked widespread consternation, igniting a maelstrom of confusion, distrust, and disillusionment among the Nigerian populace. The very foundation of our institutions’ integrity is being eroded, casting a dark shadow on the nation’s future.
As the APC Youth Solidarity Network, we are profoundly dismayed by this disturbing development. As representatives of the youth and prospective leaders of this great nation, we cannot idly stand by while the credibility and trustworthiness of our institutions are mercilessly compromised.
How can we, the standard-bearers of Nigeria’s future, acquiesce to this systemic failure, which undermines the very fabric of our national identity? The APC Youth Solidarity Network will not remain silent in the face of this unfolding crisis.
Mr. Mele Kyari’s tenure has precipitated a crisis of confidence, rendering him an untenable moral and economic liability, not only to Mr President, but also to the nation at large. His prolonged occupation of office has devolved into an unmitigated embarrassment, casting a pall of shame not merely on the All Progressives Congress (APC) but on the entirety of Nigerians who rightfully demand transparency, accountability, and visionary leadership from institutions critical to our national well-being.
A poignant question echoes through the corridors of our collective conscience: How can we credibly entertain the narratives proffered by NNPC Ltd when they have so flagrantly flouted the principles of truthfulness and integrity? The stark inconsistency between their August 18th press release, which categorically denied any outstanding debts, and today’s admission of culpability, has spawned an environment of pervasive uncertainty.
Nigerians are now confronted with an existential dilemma: what to believe and whom to trust? The erosion of trust in our national institutions undermines the very fabric of our society, threatening our collective future.
This issue transcends mere financial accountability; it is a bad reflection of our nation’s pride and integrity. The citizens of Nigeria rightfully demand and deserve leadership that embodies transparency, consistency, and accountability, one that unswayed by the short tides of public opinion.
We, the APC Youth Solidarity Network, resolutely maintain that the time has arrived for Mr. Mele Kyari to assume full responsibility for this leadership failure. It is imperative that he relinquish his position, thereby sparing our nation further international embarrassment and ridicule.
Regrettably, Nigeria, Africa’s largest oil exporter, finds itself in the incongruous position of importing virtually all its fuel requirements. This anomaly is obviously a direct consequence of years of systemic neglect and mismanagement of our state-owned oil refineries. Furthermore, the selfish interests and lack of visionary leadership within our oil and gas sector have hindered the optimal utilization of the newly commissioned 650,000 barrel-per-day Dangote refinery. Instead of producing marketable petrol for domestic consumption, this facility is compelled to export other fuels abroad, exacerbating our nation’s energy woes.
This critical moment serves as a clarion call for transformative change, heralding a new era of transparency, accountability, and visionary leadership. We fervently implore Mr. Mele Kyari to relinquish his position, paving the way for fresh leadership that embodies the sacred values of openness, integrity, and responsibility that our citizens rightfully deserve.
Mr. Kyari’s protracted occupation of office has devolved into an unrelenting source of embarrassment, tarnishing the reputation of our esteemed party, the All Progressives Congress (APC), and the Nigerian people. We urge him to take the noble path of resignation, immediately relinquishing his duties to spare our nation further discomfort, reputational damage, and international ridicule.
By resigning, Mr. Kyari would demonstrate his commitment to integrity, accountability, and the values that our party holds sacrosanct. The youth of this nation are vigilantly observing, and we demand leadership that mirrors our aspirations for a brighter, and more prosperous future.
To this end, we issue a heartfelt appeal to President Bola Ahmed Tinubu, urging him to take swift, and decisive action in addressing this crisis. Mr. President, we implore you to:
- Facilitate the immediate resignation of Mr. Mele Kyari as Group Chief Executive Officer of NNPC Ltd, thereby ending his tenure of questionable leadership.
- Initiate a comprehensive, impartial investigation into NNPC’s financial dealings, aiming to unravel the circumstances surrounding the staggering $6 billion debt.
- Implement stringent measures to prevent similar occurrences in the future, ensuring the corporation’s fiscal discipline and transparency.
Through these decisive measures, we aim to achieve a trifecta of transformative outcomes: restoring the tarnished integrity of NNPC Ltd, upholding the sacred values of our party, and revitalizing the eroded trust of the Nigerian people.
Moreover, we seek to rekindle faith in our institutions, ensuring that those entrusted with leadership roles are strongly committed to the prosperity and progress of our great nation.
As a party, we reaffirm our steadfast commitment to upholding the timeless values of transparency, accountability, and exemplary governance. We shall persist in advocating for a Nigeria where accountability reigns supreme, and our leaders are held to the highest standards of integrity, probity, and moral rectitude.
Our vision is of a nation where leadership is characterized by selflessness, transparency, and an unyielding dedication to the well-being of all citizens. We will tirelessly strive to create an environment where accountability is not merely an aspiration but a lived reality.
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Alao-Akala’s Widow Urges Full Implementation Of LG Autonomy
- Drums support for Tinubu, APC candidates
Stephen Olufemi Oni, Ilorin
The Chairperson of the Akala Transformation Movement (ATM) and former First Lady of Oyo State, Chief (Mrs) Oluwakemi Alao-Akala, has called for the full implementation of local government autonomy, saying it will bring governance closer to Nigerians and accelerate development at the grassroots.
Alao-Akala made the call during an ATM outreach held at Equilibrium Resorts, Ojongbodu, Oyo West Local Government Area of Oyo State, where she also urged Nigerians, particularly women, to support the administration of President Bola Tinubu and participate actively in the democratic process.
She said the effective functioning of local governments was crucial because they remained the closest tier of government to the people.
“One important thing I am preaching now is local government autonomy. Obviously, we are going to have our local governments properly elected. They are going to be funded, and they are the closest to the people,” she said.
The former First Lady urged Nigerians to understand and assess the impact of government policies before making political decisions, stressing that the coming years should be devoted to consolidating ongoing reforms and ensuring that their benefits reach ordinary citizens.
She also called on women to remain actively involved in governance and continue supporting leaders through their votes and prayers.
According to her, voting remained a major responsibility of citizens because it determines the quality and direction of leadership at all levels.
Alao-Akala further urged ATM members and supporters to work for the success of the All Progressives Congress (APC) and support its candidates in state and national elections ahead of the 2027 general elections.
She clarified that ATM was a movement and not a political party, adding that its activities were aimed at mobilising support for the APC and its candidates.
Meanwhile, the Director-General of ATM, Mr Demola Alao-Akala, said the movement would continue to preserve and promote the legacy of his late father, former Oyo State Governor, Otunba Adebayo Alao-Akala.
He said the essence of the movement was not merely to remember the late governor but to sustain the values and principles he stood for, particularly people-oriented governance and the welfare of ordinary citizens.
“The concept of remembrance of our father is about making sure that his legacy survives. When he left, he left us a pattern, and we strongly believe that the legacy he left behind can be used to propagate his ideas and keep his memory alive,” he said.
The ATM DG said members of the movement were determined to build on the ideals of service and good governance associated with the late governor.
“We believe strongly that if we are alive, we are going to go back to our lives and continue in the spirit that he showed. We are moving forward, and I think we are supposed to continue,” he added.
Alao-Akala said the late governor’s political philosophy placed the welfare of the people at the centre of governance, noting that democracy should ultimately be judged by its positive impact on citizens.
He assured ATM members that the movement would remain committed to promoting the late governor’s ideals while mobilising support for programmes and candidates it believes can improve the lives of Nigerians.
“We are going forward,” he declared.
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Bank Cannot Freeze Customer’s Account Without Valid Court Order — Zarewa
A legal practitioner, Mr M. D. Zarewa, has said that a bank cannot freeze or restrict a customer’s account without a valid court order.
Zarewa said it was prevalent in the society for law enforcement agencies to give directives to banks to freeze customers’ accounts whenever there was a pending case before them, adding that banks often complied with such directives.
He, however, said such practice was alien to Nigeria’s jurisprudence, stressing that banks were enjoined not to interfere with or restrict the activities of any customer’s account without a valid court order.
According to him, it is trite law and settled beyond argument that a bank cannot freeze a customer’s account without a valid court order.
He said the position was entrenched in the case of GTB Plc v. Olachi & Anor (2025) LPELR-81833(CA), where the Court of Appeal held that “whether frozen or restricted, neither can be done without the valid order of a Court of Law.”
Zarewa further cited GTBank v. Adedamola (2019) 5 NWLR (Pt. 1664) 30 at 43, Paras. E-F, where the court held:
“Before freezing customer’s account or placing any form of restraint on any account, the bank must be satisfied that there is an Order of Court.
“By the provisions of Section 34 of the Economic and Financial Crimes Commission Act 2004, the Economic and Financial Crimes Commission has no power to give direct instructions to banks to freeze the account of a customer without an Order of Court. So doing, constitutes a flagrant disregard and violation of the rights of a customer.”
The lawyer said any customer whose account had been frozen or restricted without a valid court order could institute a suit against the bank for grossly violating his or her rights.
He said such a customer could particularly seek redress for the violation of the right to own movable and immovable property and seek compensation from the court.
Furthermore, Zarewa said the law was trite that where there was a wrong, there was a remedy, as captured in the Latin maxim, Ubi jus ibi remedium.
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Gov AbdulRazaq Inaugurates 464-Unit Housing Estate In Kwara
Stephen Olufemi Oni, Ilorin
Kwara State Governor AbdulRahman AbdulRazaq has inaugurated the ‘AbdulRahman AbdulRazaq Morire Housing Estate’ in Ijagbo, Oyun Local Government Area of the State.
Speaking at the groundbreaking of the housing estates, which included 210 units of two-bedroom terrace apartments, 200 units of three-bedroom units and 54 units of four-bedroom terrace duplexes, the
Governor, noted that housing should not be seen or regarded as a luxury, but rather as a fundamental human requirement and cornerstone of dignity, security, and family stability, lamenting the daunting challenge of addressing housing deficits across the country.
He said: “Dear Kwarans, housing is not a luxury. Basic housing is a
fundamental human need and a cornerstone of dignity, security,
and family stability. Yet, across Nigeria and indeed in Kwara State,
the challenge of addressing housing deficit is daunting.
“This administration believes that inadequacy of proper shelter
for Nigerians is not merely a problem of not building enough
houses. Indeed, several studies have attributed the housing deficit in Nigeria to a complex mix of causes, key among them being high costs and rising costs of building materials, weak finance, difficult land systems, infrastructure gaps, institutional limitations, among others.
“On behalf of the people of Kwara, I thank the management of ISHI
Homes Limited for this partnership and for choosing Kwara State
as the location for this important development.”
Represented by the Commissioner for Housing and Urban Development, Dr Segun Ogunsola, the Governor applauded the developer for recognising his administration’s contributions to mass housing development in the State.
“The administration has consistently placed housing development high on its agenda. The government recognises access to decent and affordable housing as essential to the wellbeing of the people.
“The State Government has also been in active collaboration with
institutional partners including the Federal Ministry of Housing
with a view to increasing housing stock in the State.
“Recently, we acquired a housing estate with over 130 flats at
Ogbondoroko in Asa LGA of the State. Government has approved
that the estate be onboarded onto the administration’s social
support scheme,” he disclosed.
AbdulRazaq said the commitment was reflected in the development of the Kwara Smart City and other mass housing initiatives across the State.
The Governor disclosed that his reforms in land administration have reduced the processing time for Certificate of Occupancy (C of O) from 180 days to 35 days.
AbdulRazaq said the improved turnaround time demonstrated the administration’s commitment to making land administration more transparent, efficient and investor-friendly.
Earlier in his remarks, the Chief Executive Officer (CEO) of ISHI Homes, Dr Olayinka Ilufoye, said the project was intended to democratise home ownership and make decent and affordable housing accessible to the people of Kwara South senatorial district.
Ilufoye said the estate was meant for civil servants, traders and other Nigerians who can access it through the National Housing Fund (NHF).
“The name AbdulRahman AbdulRazaq Morire, which translates to ‘I have seen goodness’, is a deliberate expression of our faith, hope and expectation.
“We believe this estate will become a testimony of prosperity, progress and abundance in Kwara South,” he said.
Ilufoye pledged that the company would remain committed to transparency, accountability, quality construction and timely delivery.
The Executive Chairman of the Kwara State Geographic Information Service (KWGIS), Alhaji Sulyman Abdulkareem said the state government has consistently placed housing development high on its development agenda.
He commended the state government for ensuring access to land, facilitating the prompt issuance of titles and certificate of occupancy.
Abdulkareem pointed out that by providing timely approval for mortgage transactions, the Governor is creating the conditions necessary for housing development to thrive in Kwara State.
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