Business
Alleged Corruption: Coalition protests against Bayo Ojulari, seeks his arrest. Prosecution
A coalition of civil society groups, including OilWatch Nigeria and Workers’ Rights Alliance, held a press conference at the Economic and Financial Crime Commission, EFCC, Headquarters in Abuja on Thursday, July 31, 2025, demanding the immediate arrest and prosecution of Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPCL).
The coalition alleged that Ojulari was implicated in a massive corruption scandal involving ₦34.65 billion, equivalent to $21 million. According to the group, the Economic and Financial Crimes Commission (EFCC) has already detained Abdullahi Bashir Haske, a close associate of Ojulari, who confessed to holding the $21 million on Ojulari’s behalf.
The press conference was jointly signed by the trio of Emmanuel Ekpeyong representing OilWatch Nigeria; Danladi Usman from Workers’ Right Alliance and Babatunde Anifowoshe of Nigeria Concerned Citizens. The coalition also announced a three-day peaceful protest starting August 1, 2025, at the National Assembly, NNPCL Headquarters, and the EFCC office in Abuja.
“We will not stand idly by while one individual’s greed tarnishes our collective future,” said Emmanuel Ekpeyong of OilWatch Nigeria. “The evidence against Ojulari is damning, and the EFCC must act swiftly to bring him to justice.”
The coalition also accused Ojulari of living an extravagant lifestyle, residing in the lavish Presidential Suite of the Wells Carlton Hotel, and using shell companies to siphon funds through inflated contracts and kickbacks.
The group is urging President Bola Ahmed Tinubu to demonstrate zero tolerance for corruption by supporting the EFCC’s efforts to arrest and prosecute Ojulari and removing him from his position as NNPCL CEO.
As the nation waits with bated breath for accountability, one thing is clear: the fight against corruption has reached a critical juncture. Will justice be served, or will the powerful once again escape accountability? Only time will tell,” the coalition stressed.
The statement reads in full:
We, the coalition of OilWatch Nigeria, Workers’ Rights Alliance, and concerned citizens, stand united today to confront a grave injustice that threatens the soul of our nation and undermines the credibility of President Bola Ahmed Tinubu’s administration. We are here to demand the immediate arrest and prosecution of Mr. Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPCL), who has been directly implicated in a massive corruption scandal. His actions have plunged Nigeria into a crisis of trust and economic sabotage, and we will not stand idly by while one individual’s greed tarnishes our collective future. The evidence against Ojulari is damning, and the EFCC must act swiftly to bring him to justice.
Bayo Ojulari’s Implication in a $21 Million Scandal
The recent detention of Abdullahi Bashir Haske by the Economic and Financial Crimes Commission (EFCC) for three days has exposed a staggering corruption scandal at the heart of NNPCL. Haske, a close associate of Ojulari, confessed to the EFCC that the $21 million found in his account—equivalent to approximately ₦34.65 billion at the current exchange rate of ₦1,650 to $1—belongs to Bayo Ojulari. Let us be clear: this is not a trivial sum. Thirty-four billion, six hundred and fifty million naira is an obscene amount of money, enough to fund critical infrastructure, healthcare, or education for millions of Nigerians. Yet, this fortune was allegedly stashed in an account that previously held a mere $5,000 (₦8.25 million). This revelation alone demands the immediate arrest and prosecution of Bayo Ojulari to uncover the full extent of his illicit dealings and ensure justice for the Nigerian people.
Further Allegations Against Bayo Ojulari
Extravagant Lifestyle at Wells Carlton: While Nigerians struggle to afford basic necessities, Ojulari resides in the lavish Presidential Suite of the Wells Carlton Hotel alongside Haske. This ostentatious lifestyle, funded by questionable means, is a gross betrayal of public trust and a clear indication of ill-gotten wealth.
Damage to Tinubu’s Administration: Ojulari’s actions are inflicting irreparable harm on President Tinubu’s reputation. His leadership at NNPCL has fostered a culture of corruption, eroding public confidence in the government’s commitment to transparency. Allowing him to remain free sends a dangerous signal that corruption is tolerated at the highest levels.
Shell Companies and Contract Fraud: Ojulari is accused of orchestrating the use of shell companies to siphon funds through inflated contracts and kickbacks. Haske’s testimony allegedly exposes a network of illicit transactions tied to NNPCL’s operations, with ₦34.65 billion being just the tip of the iceberg.
Cronyism and Abuse of Power: Ojulari has filled key NNPCL positions with unqualified loyalists, sidelining competent professionals and prioritizing personal gain over national interest. This cronyism has crippled NNPCL’s efficiency and deepened public distrust, particularly among oil workers.
Obstruction of Justice: Credible reports suggest Ojulari has actively interfered with EFCC investigations to shield his allies, delaying justice and allowing corrupt practices to flourish. Such actions are an affront to the rule of law and demand his immediate arrest.
Our Demands
We call on the EFCC to immediately arrest and prosecute Bayo Ojulari for his alleged role in the ₦34.65 billion scandal and other corrupt practices. The evidence provided by Haske’s confession is sufficient to warrant his detention and a thorough investigation into his financial dealings, including the source of the $21 million and his involvement in NNPCL’s questionable contracts. We also demand that President Tinubu sack Ojulari from his position as NNPCL Group Chief Executive Officer to demonstrate zero tolerance for corruption and restore public confidence in his administration.
The magnitude of this scandal—₦34.65 billion stolen from the Nigerian people—cannot be overstated. This is money that could have built hospitals, schools, or roads, or ensured fair wages and safety for oil workers, yet it was allegedly funneled into private hands under Ojulari’s watch. Justice must be swift, transparent, and uncompromising.
Call to Action: Three Days of Protest
To press home our demands, we announce a three-day peaceful protest starting tomorrow, August 1, 2025, at the National Assembly, NNPCL Headquarters, and the EFCC office in Abuja. These protests, led by OilWatch Nigeria and Workers’ Rights Alliance, will send a clear message to the authorities: Nigerians, especially those in the oil sector and workers across the nation, will not tolerate corruption on this scale. We will march until Bayo Ojulari is arrested, prosecuted, and removed from office.
A Message to President Tinubu
Mr. President, your administration promised renewed hope for Nigerians. Allowing Bayo Ojulari to evade justice undermines that promise and risks further economic sabotage and public unrest. We urge you to act decisively by supporting the EFCC’s efforts to arrest and prosecute Ojulari and by removing him from NNPCL immediately. Your legacy depends on your commitment to rooting out corruption, starting with this case.
Conclusion
The fight for a corrupt-free Nigeria, where our oil wealth benefits all and workers’ rights are protected, is a collective responsibility. We call on all Nigerians—youth, women, oil workers, and patriots—to join OilWatch Nigeria and Workers’ Rights Alliance in these protests and demand justice. Together, we can hold our leaders accountable and build a nation where integrity and fairness prevail. We thank the press for amplifying our voice and the Nigerian people for standing with us. Bayo Ojulari must be arrested, prosecuted, and sacked, and we will not rest until justice is served for the ₦34.65 billion scandal and beyond.
Business
Nestoil: Lagos CP dragged to court for contempt, risks imprisonment
This is certainly not a good time for the Lagos State Police Commissioner, Mr. Moshood Jimoh as he has been dragged to court for commiting contempt by defying a clear court order that he and his men must not go near the business premises of Nestoil Group which belongs to Drawcok Estates LTD.
The fresh suit by Drawcok Estates LTD followed Monday’s deployment of over fifty armed police officers by Mr. Moshood Jimoh to seal off the business premises of Nestoil Group which belongs to Drawcok Estates LTD despite an order by Justice Ofili Ajumogobia.
Also, despite a directive by the federal government that police escorts be withdrawn from VIPs, Mr. Moshood Jimoh illegally allocated several police officers to be guarding Mr. Sulu Gambari, the self-acclaimed Receiver Manager which was appointed by a former judge that was handling the case, Justice Isaac Dipeolu.
Recall that Justice Daniel Osiagor of the Federal High Court in Ikoyi vacated all the orders made by Justice Isaac Deinde Dipeolu who wrongly appointed the Receiver Manager.
Meanwhile, dissatisfied with the action of the Lagos Police Commissioner, Drawcok Estates LTD yesterday filed a case of contempt against the Lagos State Commissioner of Police, Mr. Olohundare Jimoh Moshood (Contemnor) before a Federal High Court in Abuja.
In Suit No: FHC/ABJ/CS/2385/2025, the applicant wants Police Commissioner Moshood Jimoh to be found guilty of contempt of court and also be committed to prison unless he obeys the directives contained in Justice Ofili Ajumogobia’s Order of November 24, 2025.
Recall that Justice Ofili Ajumogobia had on November 24, 2025 ordered that the building in question belongs to Drawcok Estates LTD, adding that no police officer must be seen carrying out orders of the Lagos State Police Commissioner around the premises.
The Orders made by Justice Ofili Ajumogobia on November 24, 2025 in suit number FHC/ABJ/CS/2385/2025 were that:
The applicant has a right to own and possess her properties as mentioned in the addresses above as guaranteed by the 34 Constitution of the Federal Republic of Nigeria, 1999 as amended and the African Charter on Human and People’s Rights..
That the sealing-off and occupation of the applicant’s properties on the addresses mentioned above by the Respondents constitute an infringement on the right of the applicant to own property, as guaranteed by Sections 43 and 44 of the he Constitution of the Federal Republic of Nigeria, 1999 as amended.
That the Respondents, whether by themselves , their agents, agencies and servants, acting for it through them or any other person(s) howsoever described or claiming through them, to vacate the applicant’s properties on the addresses mentioned above, and deliver possession over to the applicant forthwith.
That the Respondents, whether by themselves, their agents, agencies, and servants, acting for or through them or any other person(s) howsoever described or claiming through them, to provide security for the applicant to take back possession of her properties on the addresses mentioned above.
That the Respondents is restrain, whether by themselves, their agents, agencies and servants, acting for or through them or any other person(s) howsoever described or claiming through them, from harassing the applicant and refusing her access to her properties on the addresses mentioned above.
Nigerian Concord Newspapers reporters that visited the business premises yesterday reported that pollice officers have been denying workers of several companies access to their offices located within the Nestoil building in Lagos on the order of Moshood Jimoh, despite a subsisting court order directing that they be allowed into the premises.
The affected workers had resumed duties following a court order delivered by Hon. Justice Ofili Ajumogobia of the Federal High Court, Abuja on November 24, which directed that they be granted access to their offices.
Business
Dangote Refinery Boosts Fuel Exports as Gulf Refineries Shut Down
By: Fabian Apechihin
The Dangote Petroleum Refinery has ramped up fuel exports to international markets amid widespread refinery shutdowns in the Middle East, industry sources confirmed.
A senior official at the $20bn Lagos-based plant told The PUNCH that the facility exported significant volumes of petrol (PMS), diesel (AGO), and aviation fuel (Jet A1) to foreign buyers in August, following earlier shipments in June and July.
The surge comes as Saudi Aramco and other regional producers face heavy maintenance schedules, tightening fuel supply. Aramco has already shut down two plants and plans further closures, including its 460,000 b/d Satorp refinery in Jubail for a 60-day turnaround in November–December. Kuwait and India are also scaling back capacity for maintenance and seasonal demand.
According to Argus Media, these shutdowns are pushing Gulf nations to import record volumes of gasoline, with Saudi Arabia and the UAE sharply increasing purchases from Europe and other markets in recent months.
While some reports pointed to operational constraints at Dangote’s 650,000 b/d facility, the company dismissed such claims, insisting production is on track to reach 700,000 b/d by December. Earlier this year, Aliko Dangote announced the refinery had sold two cargoes of jet fuel to Saudi Aramco and recently achieved exports of about 1 million tonnes of petrol between June and July.
“With Gulf refiners offline, Nigeria has now emerged as a net exporter of refined products,” Dangote said.
Analysts suggest the extended refinery outages in the Middle East will further strengthen demand for Dangote’s output, positioning the Nigerian plant as a key supplier in regional fuel markets.
Would you like me to tighten this further into a 5–6 paragraph wire-style news brief, or keep it as a detailed feature-style report with more context on Gulf refinery shutdowns?
Business
US Oil Exports to Nigeria, Others Fall to 3.3m bpd as Local Output Rises
By: Fabian Apechihin
The United States’ crude oil exports to Nigeria and other African countries fell for the fifth consecutive month in July 2025, averaging 3.3 million barrels per day (bpd), the lowest level since March 2022.
The Organisation of Petroleum Exporting Countries (OPEC) disclosed this in its August 2025 Monthly Oil Market Report (MOMR), attributing the decline to weaker flows to Europe and Africa, particularly Nigeria, but without giving further details.
Industry analysts link the slowdown to the ramp-up of local refining capacity, especially the 650,000 bpd Dangote Refinery, which has reduced Nigeria’s reliance on imported crude, including from the US. Vanguard checks also show that crude importation has slowed further in recent months due to improved domestic production.
According to OPEC data, Nigeria’s crude oil output—excluding condensates—rose by 11 per cent year-on-year to 1.559 million bpd in July 2025, up from 1.386 million bpd in the same period of 2024. This marks the country’s highest monthly production level so far this year.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) corroborated the figures, stating that overall output, including condensates, exceeded 1.8 million bpd in July.
Gbenga Komolafe, Chief Executive of the NUPRC, said the milestone was achieved through the agency’s “Project 1 MMBOPD Incremental” initiative, supported by a multi-stakeholder collaborative framework.
“We are glad to report that we crossed the 1.8 million bpd mark on peak production last month, with average production hovering at 1.78 million bpd,” Komolafe stated.
He added that the Commission is working to sustain production growth by optimising the Maximum Efficient Rate (MER) framework, improving produced water management, and aligning operational shutdowns and maintenance schedules to minimise disruptions.
“With these measures and continued collaboration, the presidential mandate on production increase is well within reach,” he said.
Do you want me to make this rewrite more concise for a newspaper front-page brief or keep it detailed like a full energy market report?
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