Economy
Group To Tinubu: Sack NNPCL GCEO for Sabotaging National Assets
A civil society organization, the Coalition of Nigerian Patriots for Good Governance, has reiterated its demand for the immediate removal of Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL). The coalition accuses him of orchestrating systemic sabotage of national assets and engaging in blatant abuse of office.
This announcement was made during a press conference in Abuja on Tuesday, led by National Coordinator Comrade Ibrahim Musa. He emphasized that the concerns raised by the coalition are shared by other civil society organizations, concerned workers, and transparency advocates who are alarmed by what they describe as the reckless actions of the NNPCL CEO.
They are accusing Ojulari of championing the following: the suspicious shutdown of Nigerian refineries; a grand plot to privatize and sell NNPCL to cronies; diversion of crude to illegal local refineries; mass resignations and a toxic work environment and; undermining the President’s national objectives.
The group demanded President Bola Ahmed Tinubu to immediately sack Bayo Ojulari as Group CEO of NNPCL; launch investigation into the ₦5.7 billion shady consultancy contract awarded under his leadership to Haske and for the EFCC to invite and probes all parties involved in the Kigali retreat scandal, including estacode fraud, use of five private jets, and outrageous waste of public funds.
The statement reads:
“Barely weeks after his appointment, Ojulari’s leadership has been characterized by impunity, secrecy, and destructive policies that threaten to derail the gains of the Renewed Hope Agenda and frustrate the tireless efforts of Mr. President in repositioning Nigeria’s oil and gas sector for sustainable growth and economic recovery.”
“THE SUSPICIOUS SHUTDOWN OF NIGERIAN REFINERIES: “We question, in the strongest terms, the irrational and suspicious shutdown of our national refineries by Mr. Ojulari, barely 24 hours after he assumed office on May 24th, 2025.
“Let it be on record that millions of taxpayers’ money has been invested in the rehabilitation of the Port Harcourt, Warri, and Kaduna refineries, with several reports confirming that some of these refineries had started test-running and were functional. Yet, Mr. Ojulari, without recourse to stakeholders, and any official technical audit, allegedly ordered a shutdown of the facilities. This action is anti-people, anti-progress, and targeted at undermining President Tinubu’s goal of achieving energy self-sufficiency and reducing fuel imports.”
The coalition also alleged an attempt by Ojulari to deliberately devalue the NNPCL to pave the way for what it called a rushed and questionable privatisation process.
“It is now an open secret within the industry that Mr. Ojulari has an agenda to deliberately demarket NNPCL to justify a hurried and shady privatisation process. We have credible information that buyers have already been lined up — cronies and proxies — waiting to acquire our national oil assets at giveaway prices. In the event he fails to privatise, Mr. Ojulari’s backup plan is to (allegedly) fabricate a bloated repair cost and demand billions to ‘refix’ already working refineries. This is nothing short of economic sabotage and institutional capture.”
“This is a deliberate effort to sabotage the national refining effort and enrich private interests.This diversion must be investigated. We therefore call for an independent inspection by a team of credible, external engineers — including COREN and refinery experts — to verify the true operational state of the refineries and to determine if there was ever a genuine reason to shut them down.”
The group also emphasized what it described as a brain drain at the NNPCL under Ojulari’s leadership, citing the recent resignations of senior officials, including the Group Chief Operating Officer, Mr. Roland.
“Under Ojulari’s leadership style, NNPCL is bleeding talent. Over the past two weeks, several senior officials have resigned, including Group Chief Operating Officer, Mr. Roland, and other key department heads. Worse still, Ojulari (allegedly) frequently drops President Tinubu’s name, claiming he is untouchable and above scrutiny because he is “the President’s man.” This is not only false but also a disgraceful abuse of privilege. We know that President Tinubu is not a corrupt man and would never support or protect such conduct.”
The coalition warned that the NNPCL’s current trajectory was undermining national economic objectives.
“It is on record that President Tinubu has made it a national priority to raise Nigeria’s crude production from 1.6 million barrels per day to 3 million barrels per day. However, under Ojulari’s command, NNPCL is headed in the opposite direction — from transparency to secrecy, from performance to decay. Ojulari’s mismanagement is clearly undermining the bold reforms and credible image President Tinubu is trying to build both locally and internationally.”
In response, the coalition issued a series of demands to the Presidency and relevant authorities:
“We call on President Bola Ahmed Tinubu to immediately sack Bayo Ojulari as Group CEO of NNPCL. His continued stay in office is a threat to Nigeria’s energy security, oil sector reform, and economic recovery. We demand a full investigation into the ₦5.7 billion shady consultancy contract awarded under his leadership…
“We demand that EFCC invite and probe all parties involved in the Kigali retreat scandal, including estacode fraud, use of five private jets, and outrageous waste of public funds.
“We request the intervention of the National Assembly and COREN to immediately launch an independent technical audit of the nation’s refineries and expose the lies surrounding their shutdown. We urge the presidency to clean up the NNPCL, restore staff morale, and bring back professionalism, transparency, and patriotism.”
By: Fabian Apechihin
Nigerians are facing yet another spike in fuel prices as premium motor spirit (petrol) now sells for between ₦905 and ₦945 per litre across several filling stations in Abuja.
Checks on Monday, October 6, 2025, revealed that Nigerian National Petroleum Company Limited (NNPCL) retail outlets, along with Empire, AA Rano, and Shema filling stations, adjusted their pump prices upwards. Empire Filling Station in Gwarimpa reportedly sold petrol at the highest rate of ₦945 per litre.
Other stations, including MRS, Emedeb, Ranoil, and Eterna, dispensed petrol between ₦885 and ₦910 per litre.
Marketers Blame PENGASSAN Strike for Price Surge
The Independent Petroleum Marketers Association of Nigeria (IPMAN) attributed the sudden hike to disruptions caused by last week’s strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
IPMAN President, Abubakar Maigandi, explained that the price increase was largely due to supply interruptions. He noted that stations receiving supplies from Dangote Refinery were still selling between ₦885 and ₦895 per litre, adding that prices were expected to stabilize soon.
“The feud between Dangote Refinery and PENGASSAN may have triggered panic buying and artificial scarcity. I can assure you that prices will drop and return to normal in the coming days,” Maigandi said.
IPMAN spokesperson Chinedu Ukadike also confirmed that the PENGASSAN strike caused temporary shortages in Lagos and Abuja but expressed optimism that availability would improve as supply chains normalize.
Depot Prices Edge Up
Depot prices have reportedly risen slightly, with Dangote Refinery selling petrol at ₦844 per litre, Ranoil and Aiteo at ₦845, and NIPCO at ₦850 in Lagos.
The fuel price increase comes just days after Dangote Refinery and PENGASSAN resolved their dispute over the alleged mass dismissal of Nigerian workers, which led to a two-day strike. Federal Government intervention helped broker peace between both parties.
Dangote Refinery later thanked President Bola Ahmed Tinubu and other mediators for their role in ending the strike.
Shettima, PENGASSAN Trade Words
Meanwhile, Vice President Kashim Shettima, speaking at the 31st Nigerian Economic Summit (NES31) on Monday, criticized PENGASSAN, declaring that “Nigeria is bigger than the union.”
In response, PENGASSAN President Festus Osifo countered, saying the country is also “bigger than Dangote Refinery and the presidency,” emphasizing the union’s commitment to protecting Nigerian workers’ rights.
- Urges Kwarans, foreigners to embrace it Stephen Olufemi Oni, Ilorin
Kwara State Government has continued to showcase the beauty of culture and traditional assets and its uniqueness in the daily lives of the citizens, urging the people to embrace it for development.
The State Commissioner for Communications, Hon. Bolanle Olukoju, had earlier in a broadcast, enjoined the people of the State, at home and in the diaspora, to embrace tourism as a tool for developmental progress to sustain transformational growth in line with the policy thrust of Mallam AbdulRahman AbdulRazaq’s-led administration.
The Commissioner made the call to mark the 2025 World Tourism day with the theme, ‘Tourism and Sustainable Transformation’, as declared by the United Nation’s World Tourism Organization(UNWTO).
According to Olukoju, tourism is more than travel, it is actually a way of supporting people, culture, and the environment while driving economic growth, urging all and sundry to explore the various tourist sites around them.
“Tourism is not just travel, it is about building a future where every journey contributes to people, culture and planet, it is about hospitality that opens our heart and also helps to preserve our heritage and create opportunities for growth and development”, She said.
The Commissioner, who was delighted that the Ilorin Emirate Durbar was recently ranked among the top ten festivals in Nigeria, celebrated Hajia Faridah Shagaya, who was recognised among Africa’s top tourism personalities, describing the recognitions as sources of pride for the state.
She commended the administration of Governor AbdulRazaq for investing in tourism and hospitality, citing projects such as the Visual Arts Centre, Flower Garden, and Sugar Factory Film Studios, among others, as commendable efforts.
She also announced that this year’s celebration includes a roundtable with stakeholders to advance discussions on the future of tourism in Kwara State.
“Tourism is wearing a new face, from the Sugar Factory Film Studio, the Visual Arts Centre and the improved road network to Owu Waterfalls and many more which are evident of his work and is gradually opening Kwara to the World”, she added.
The Commissioner, who was represented at the event by the Director, Personnel, Finance and Supply, Hajia Salamat Yahaya, assured that tourism will continue to receive priority attention under the present administration and urged all stakeholders to support the ongoing efforts to make Kwara a leading destination for culture, heritage, and hospitality.
In her remarks, the Secretary, kwara State Hospitality and Tourism Development Board, Hajia Ramat Akanni, applauded the present administration for priority attention given to the Board.
Hajia Akanni expressed optimism towards an enviable tourism and hospitality driven state, which she assured, would attract prospective investors and enhance revenue generation for the state.
She sought support and utmost compliance from hoteliers and relevant stakeholders to achieve the desired goals, pointing out that violators will face the full wrath of the law.
Relevant stakeholders and participants at the one-day event later visited Sobi Hills and the Kwara Sugar Film Factory as part of activities marking the celebration.
End
By: Fabian Apechihin
The Federal Airports Authority of Nigeria (FAAN) has introduced a new contactless and cashless payment system, tagged Operation Go Cashless, in partnership with Paystack.
In a statement on Thursday, FAAN announced that the initiative will take effect from September 29, 2025, at Murtala Muhammed International Airport, Lagos, and Nnamdi Azikiwe International Airport, Abuja.
“Effective September 29, 2025, all payments at FAAN revenue points, including airport access gates, car parks, and FAAN VIP and protocol lounges, will go cashless. This means we will be phasing out cash collection at these points,” the statement read.
According to FAAN, the new system will provide travellers and airport users with faster, more seamless services through a secure, contactless platform. The agency explained that the shift responds to rising demand for modern, transparent payment methods and aligns Nigeria’s airports with global digital standards.
FAAN added that reducing cash handling will enhance efficiency, strengthen revenue assurance, and improve customer experience. It also noted that the cashless policy will be gradually extended to other airports nationwide.
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