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NNPCL Boss Accused of Economic Sabotage Over Port Harcourt Refinery Shutdown

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The Independent Corrupt Practices and Other Related Offences Commission for Nigeria (ICPC) has been urged to investigate and take action against Bayo Ojulari, Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Corporation Limited (NNPCL), over allegations of economic sabotage and lying.

According to an open letter addressed to the ICPC Chairman on Monday September 1, 2025, Ojulari allegedly ordered the shutdown of the Port Harcourt refinery despite it being profitable, with an average monthly net profit of over $20 million. The letter claims that Ojulari’s decision was motivated by plans to sell the refinery at scrap value to a company allied with him and to divert the refinery’s crude oil allocation for personal gain.

The group also addressed the open letter to President Bola Tinubu, Senate President Godswill Akpabio, and Speaker of the House of Representatives Tajudeen Abbas regarding their recent concerns about the management of the state-owned refinery.

The letter further alleges that Ojulari has been peddling falsehoods about the refinery’s operations, initially claiming that it was shut down for maintenance and later stating that it was running at a monthly loss of N500 million.

An economic analysis of the refinery’s operations, attached to the letter, shows that the refinery was generating an average monthly net profit of $20 million under various scenarios. The analysis suggests that Ojulari’s claims of the refinery running at a loss are false and that the shutdown was a deliberate act of economic sabotage.

The signatories to the letter, including OilWatch Nigeria, Workers’ Rights Alliance, and Nigeria Concerned Citizens Watch, are calling for Ojulari’s immediate removal from office and an independent investigation into the refinery’s shutdown.

The letter reads in part:

On Thursday, 28th August 28, 2025, the embattled Group CEO of NNPC Limited, Bashir Ojulari told yet another lie in the ever-changing narrative of why he made the reckless decision of shutting down Port Harcourt refinery. From his initial lie that the refinery was shut down because it was due for maintenance, Ojulari is now peddling yet another falsehood that Port Harcourt refinery was shuttered because it was running at a monthly loss of N500million. This he stated during an interactive session with PENGASAN officials in Abuja, on Thursday, 28th August, 2025.

Whilst it is difficult to keep track of Ojulari’s ever-evolving position on Port Harcourt refinery, the fact remains that the refinery was running profitably and earning Nigeria an average monthly profit of over $20million before Ojulari made his Ill-advised decision to have the refinery shut down. This is from concrete evidence obtained from very senior NNPCL officials, who had advised Ojulari against his reckless decision. The truth of the matter is that Ojulari ordered the shutting down of Port Harcourt refinery

because he had made plans to sell the refinery (at scrap value) to AYM Shafa Group, a company allied with both himself and Bashir Haske (son -in law to Atiku Abubakar, who was recently declared wanted by the EFCC). Secondly, Ojulari wanted the monthly crude oil allocation for Port Harcourt refinery to be diverted to his friends and cronies, for sale as spot cargoes for personal gain.

By shutting down a fully operational refinery, Ojulari has committed unforgivable economic sabotage against the government and people of Nigeria, and no amount of lying and double speak can change that fact. We call for an independent economic analysis of the refinery’s operations, prior to its unceremonious closure by Ojulari. Even the most uneducated eye can spot Ojulari’s lie once they look at the economic analysis provided below.

This refinery was running smoothly and making over $20million monthly for Nigerians. It was not running at a loss as falsely claimed by Ojulari.
Please see high-level economic analysis for the refinery, below:

Economic Analysis of Port Harcourt Refinery Operations.
A detailed economic analysis of the operation of Port Harcourt refinery has been conducted under five (5) scenarios. Based on an average prevailing crude oil price of $66.28/barrel, Crack C5+ price of $635/ton, refinery operating expenditure (OPEX) of $7/barrel, and prices of petroleum products, namely, LPG at $486/ton, AGO at $711.1/ton, Kerosene at $733/ton, Naphtha at $553.3/ton, PMS at $725/ton and LPFO at $554.6/ton, as provided by PHRC, the following results have emerged; showing that the refinery was generating an average monthly NET profit of US$20million in the worse-case scenario.

Model

Gross Profit Per Month ($ Million/Month) Gross Profit Per Barrel ($/Barrel) Net Profit Per Month ($ Million/Month) Net Profit per Barrel ($/Barrel

Model

1 31,510 19.45 20.170 12.45

Model

2 46.51 28.67 35.11 21.67

Model

3 40.606 25.07 29.266 18.07

Model

4 32.539 20.09 21.199 13.09

Model

5 47.481 29.31 36.141 22.31

Model 1 : Only Unit 10 (CDU) is running, the LPG is flared, and Naphtha is sold as an unfinished product. This is the configuration the refinery was operating before it was shut down on 24 th May 2025. Under this model, the refinery was generating an average monthly NET profit of US$ 20million.

Model 2: Only Unit 10 (CDU) is running, the LPG is flared, and Naphtha is blended with Crack C5+ to produce PMS.

Model 3: Both Unit 10 (CDU) and Unit 12 (CRU) are running, while Unit 14 (LPG recovery) is not operational. The LPG is flared.

Model 4: Both Unit 10 (CDU) and Unit 14 (LPG recovery) are running. LPG is recovered, and Naphtha is sold as an unfinished product.

Model 5: Both Unit 10 (CDU) and Unit 14 (LPG recovery) are running. LPG is recovered, and Naphtha is blended with Crack C5+ to produce PMS. With Unit 14 now confirmed ready for commissioning, this configuration can be achieved as soon as the refinery resumes operation, with the possibility of generating an average monthly NET profit of US$ 35million.

We call for an independent economic analysis of the refinery’s operations, prior to its unceremonious shutdown by Ojulari. Even the most uneducated eye can spot Ojulari’s lie once they look at the economic analysis we have provided. This refinery was making over N20billion monthly and not losing money as falsely asserted by Ojulari.

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There’s Political Genocide Against Christians in Northern Nigeria – Aisha Yesufu

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By: Fabian Apechihin

Sociopolitical activist Aisha Yesufu has accused Nigerian political leaders of perpetuating what she described as a “political genocide” against Christians in Northern Nigeria.

Yesufu made the remark on Tuesday in response to American comedian and TV host Bill Maher, who recently alleged that Nigerian Christians are facing coordinated attacks.

Maher, speaking on his HBO show, said, “I’m not a Christian, but they are systematically killing Christians in Nigeria. They’ve killed over 100,000 since 2009 and burned 18,000 churches. These are the Islamists, Boko Haram.”

Reacting via her X handle, Yesufu criticized what she called hypocrisy among Nigerian politicians who express concern over Christian persecution yet supported the Muslim-Muslim presidential ticket during the 2023 elections.

“You are shouting that Northern Christians are being persecuted, but you championed a Muslim-Muslim ticket! Their Christianity was not Christian enough for you during the 2023 election,” she wrote.

She concluded by calling for greater attention to what she termed the “political genocide” against Northern Christians, urging consistency in both words and actions when addressing religious and political marginalization in Nigeria.

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Jagunmolu to Kwarans: Don’t lose hope in govt on security challenges

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Stephen Olufemi Oni, Ilorin

The Jagunmolu and Asiwaju of Igbomina, Alhaji Chief (Dr) Abdur-Raheem Oladimeji, has expressed optimism that the rising insecurity in parts of Kwara State would not overwhelm the state.

He identified the incidences of banditry and kidnapping for ransom as a passing phase, which was designed by unscrupulous elements to destabilise Kwara.

Oladimeji, who is the Founder, Al-Hikmah University, Ilorin and Baba Oba of Offa Kingdom, said this in a statement issued in Ilorin on Monday in response to the recent security breaches in some communities in Kwara North and Kwara South.

He urged the residents of affected communities, and Kwarans at large, not to lose hope in the ability of the government and security agencies to tame the roughnecks and restore peace to their communities.

The Arogundade of Lagos described the terror campaign as an unconventional warfare that requires tactics and wisdom on the part of the military to tackle, pointing out that the attackers often cowardly withdraw to their shells after visiting attacks on their victims.

He cautioned those who are out to profit from the ruins of the affected communities by making mockery of the situation with reckless comments to stop forthwith.

Oladimeji also warned against scaremongering being created over the security challenge, urging vigilance and making useful information available to security agencies on any strange movements in their communities.

“Let us be wary of scaremongers, who have made it their daily habit to create imaginary fear as a result of which people are thrown into panic mode. That there is security breach has not been denied. However, we need to be careful and circumspect on the information unauthorized individuals circulate on the issue of insecurity,” the varsity founder noted.

Jagunmolu, who doubles as President-General, AROIF, appealed for calm, unity, security consciousness, while commending the government for its proactive intervention to rout out the unscrupulous element.

He praised the gallantry of military personnel and other security operatives, calling for words of encouragement among the people to boost the morale of the armed personnel.

Oladimeji sympathised with the families of those who lost their loved ones in the recent tragedy and called for additional deployment of security personnel to troubled areas for quick restoration of permanent peace.

“We need to pray for peace and justice to return to Igbomina land, Kwara and the entire country so that we can overcome our moment of trial and tribulation. Our people should take it as a matter of duty to report strange movements to the security agencies and constituted authorities,” Jagunmolu added.

END.

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Northern Christians Urge Tinubu to Resettle Displaced Persons in Benue, Plateau, Borno

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By: Fabian Apechihin

Northern Christian leaders have appealed to President Bola Ahmed Tinubu to urgently resettle displaced persons in Benue, Plateau, and Borno States, many of whom have remained in camps within and outside Nigeria years after violent attacks forced them from their ancestral homes.

The appeal was made in Jos, Plateau State, during a meeting with the President, which clerics described as a renewed opportunity to highlight the plight of displaced communities in Northern Nigeria. The leaders were in Jos to attend the funeral of Mama Lydia Yilwata, mother of Prof. Nentawe Yilwata, National Chairman of the All Progressives Congress (APC).

Speaking on behalf of the delegation, Rev. Dr Amos M. Mohzo, President of the Church of Christ in Nations (COCIN) and Chairman of the Heads of Denominational Leaders on the Plateau, lamented that more than 200,000 people from Gwoza in Borno State still remain in refugee camps in Cameroon and Chad.

“We humbly appeal to you, Mr President, to help bring them back home. In the same vein, we are calling for a lifeline for displaced communities in Plateau and Benue States. Rebuilding their livelihoods and housing will reposition them for meaningful life and productivity,” Mohzo said.

He commended the President’s efforts to strengthen national security and support for state police, stressing that resettling displaced families was critical for peace and stability in the North. Mohzo also thanked Tinubu for key appointments of Northern Christians—including Senator George Akume as Secretary to the Government of the Federation, General Christopher Musa as Chief of Defence Staff, and Prof. Nentawe Yilwata as APC National Chairman—and urged broader inclusion of Christians in governance.

Similarly, Rev. Joseph John Hayab, Chairman of the Christian Association of Nigeria (CAN) in Northern Nigeria, reinforced the call, urging Tinubu to establish a Special Presidential Reconstruction Initiative to rebuild homes, restore livelihoods, and provide social infrastructure for displaced families.

“Our people cannot continue to live in camps when their ancestral homes have been taken over. We are appealing to Mr President to act with urgency so that these Nigerians can return home and live meaningful lives again,” Hayab said.

The clerics pledged continued commitment to peace and national unity, assuring the President of their support for policies that promote justice, inclusivity, and human dignity. They also extended condolences to Prof. Yilwata, the Ngas nation, and the people of Plateau State over the loss of Mama Lydia Yilwata.

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