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Tag: NNPC

  • Ethnic Youth Leaders, lawyers drag NNPCL CFO to court over alleged mismanagement of PH Refinery

    Ethnic Youth Leaders, lawyers drag NNPCL CFO to court over alleged mismanagement of PH Refinery

    Human Rights Lawyers and Youth Leaders have unleashed a third legal action at the Federal High Court in Port Harcourt, seeking to sack and prosecute NNPCL CFO Dapo Segun over the mismanagement of Refinery Rehabilitation.

    The troubles facing the controversial NNPCL Chief financial officer Dapo Segun who was in charge of the failed refinery rehabilitation, seems far from being over as Ethnic Youth Leaders of Nigeria from different parts of the country alongside constitutional lawyers have dragged Mr Dapo Segun before the Federal High Court sitting in Port Harcourt, Rivers State.

    In the suit, they are seeking for mandatory sack, arrest, investigation, and prosecution of the former EVP downstream whose tenure saw the mismanagement of the refinery rehabilitation that cost Nigeria over five trillion naira.

    This is the third legal challenge coming at the controversial CFO from different groups and committed Nigerians seeking reforms and transparency in the oil industry.

    The pressure for his sack, resignation, and arrest seems not to be dying down as more Nigerians are now joining the call.

    The suit which was filled today with suit number FHC/CS/157/2025 is a Judicial Review, seeking numerous declarations and mandamus against the EFCC and Dapo Segun by a group of constitutional lawyers and leadership of ethnic youth leaders of Nigeria.

    The Counsel M.O Osuji, Esq on behalf of the Applicant prayed the court for the following: “An Order of this honorable court granting leave to the applicant to bring an application for mandamus directing the 1st Defendant to commence investigation of the activities and role of the 2nd defendant as the Chief Financial Officer of the Nigerian National Petroleum Company Limited, in connection with the acquisition of the of OVH Energy by the NNPCL and rehabilitation of the PortHarcourt and Warri Refineries.

    “AN INTERIM ORDER OF COURT directing the 2nd Respondent (Dapo Segun) to forthwith step aside as the Chief Financial Officer of the Nigerian National Petroleum Company Limited and cease the performance of any duty pertaining thereto, tampering with or altering any documents or records material to the investigation into his conduct and/or role in the acquisition of the of OVH Energy by the ‘NNPCL and rehabilitation of the Port-Harcourt and Warri Refineries, pending the hearing and determination of the Substantive Motion on Notice for Judicial Review.

    “AN ORDER OF COURT granting Leave to the Applicant to serve the, the order granting leave to the Applicant, Motion on Notice for Judicial Review and any other process(es) in this Suit on the 2nd Defendant by substituted means to wit: delivering all the aforementioned court processes to the Legal Department of the Nigerian National Petroleum Company Limited at its head office at Central Business District, Abuja. AN ORDER OF COURT directing an accelerated hearing and determination of this Suit.”

    Addressing journalists at the court shortly after, in PortHarcourt, River state, Osuji noted that their major concern as lawyers is that despite the good and commendable steps taken by the EFCC to investigate the dealing in Port harcourt refinery as a result of the turnaround maintenance, the gentleman who is at the helm of affairs during that period is not being investigated.

    He said, “Our major concern is despite the good and commendable steps taken by the EFCC to investigate the dealing in Port harcourt refinery as a result of the turnaround maintenance, the gentleman who is at the helm of affairs during that period is not being investigated. That’s Dapo Segun, he was also involved in OVH acquisition and yet we are yet to see its true potential. It’s not hasty, April from now is about 4 months ago, in the circular issued that they have commenced investigation. What I expected that this invitation would have been extended to the man at the helm of affairs, the Chief Operating Officer of NNPCL.

    He’s at the helm of affairs during the turnaround maintenance and acquisition of OVH.

    “He has a vital role to play. As I speak to you several people are being investigated by EFCC, including the Former GMD, Mele Kyari. We as lawyers we have a duty, to assist the EFCC, the law, the presidency in fighting corruption, that’s why we’ve brought this action for the court to mandate them to investigate the man who’s at the helm of affairs.”

  • NNPC sacks pump attendant, suspends station manager

    NNPC sacks pump attendant, suspends station manager

    The Nigerian National Petroleum Company (NNPC) Retail Ltd says it has sacked a pump attendant and suspended a Station Manager for attempting to swindle a customer at its station in Ikorodu, Lagos State.

    A statement by the NNPC Ltd. on Friday said its attention was drawn to a recent video circulating on social media platforms depicting a pump attendant at a filling station attempting to swindle a customer.

    It said following a thorough investigation, the incident was traced to a station in Ikorodu, Lagos.

    “The NNPC Retail Limited wishes to state categorically that such behaviour is unacceptable and does not reflect the company’s commitment to integrity, transparency, and exceptional customer service.

    “In response to this incident, NNPC Retail Limited has taken the following decisive actions in line with its sanction grid:

    “The pump attendant involved has been disengaged. The Station Manager has been suspended.

    “A formal warning letter has been issued to the dealer,” the company said.

    The company, while thanking the public for being vigilant, encouraged the reporting of any incidents through the appropriate channels (customer service numbers and email displayed at all stations) for immediate action.

    It also assured all customers of its continued strict enforcement of compliance with its operational standards across its network of filling stations.

  • EFCC boss breaks silence on reported arrest of NNPCL GCEO

    EFCC boss breaks silence on reported arrest of NNPCL GCEO

    The Economic and Financial Crimes Commission (EFCC) has finally opened up on the reported arrest of Bayo Ojulari, the Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited.

    TheNewsGuru.com (TNG) reports Chairman of EFCC, Mr. Ola Olukoyede, to have said the reports on the alleged arrest of Ojulari are “damning, defamatory, and dangerous”, and cannot be ignored or treated with levity.

    Recall that People’s  Gazette had on Saturday,  August 2, 2025 reported that Olukoyede and Adeola Ajayi,  Director General of the Department of State Security (DSS), pressured the GCEO of NNPCL to sign a resignation letter.

    “Against the furore generated by an unsubstantiated report by an online portal,  People’s Gazette alleging that the Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede  “abducted the head of Nigerian National Petroleum Corporation Ltd… and forcing him to resign at a secret rendezvous in Abuja”,  the EFCC’s boss has demanded a retraction of the story and public apology within 48 hours,” a statement by the Commission reads.

    It added: “In the fairy tale concocted by the medium, insinuations were also made that Ojulari was repeatedly questioned about what he might know of Olatimbo Ayinde, a British-Nigerian oil businesswoman who has recently emerged as one of the most powerful forces steering the Tinubu Administration”.

    “In a follow-up story,  the online news portal went on to state that “officials said Mr. Ojulari was summoned to the Presidential Villa, where First Lady Remi Tinubu insisted his resignation wouldn’t be accepted. The security chiefs who coerced Mr. Ojulari into signing the resignation letter had been acting on the order of Olatimbo Ayinde, Mr Tinubu’s paramour, whose growing influence in the administration has recently raised alarm”.

    “Oluoyede described the reports as uncharitable and capable of casting him in the mould of someone that has “betrayed and subverted public trust by submitting the authority of his public office and trust as Chairman of the EFCC to the dictates and directives of one Olatimbo Ayinde”.

    In a letter addressed to the Editor of Peoples Gazette Limited and signed by his legal counsel, Adeyinka Olumide-Fusika, SAN, Olukoyede stressed that “the publications and the imputations conveyed by them are so damning and cannot be ignored or treated with levity”.

    He, therefore, demanded that the medium “acknowledge your wrongdoing, expressly admit that what you published and imputed against my client are false, apologise for it unreservedly and retract and pull down the stories from your newspaper website and social media handles”.

    Additionally,  Olukoyede’s lawyer warned that any failure of compliance with his demand would result in the issuance of a “Writ in the tort of defamation in order to afford you an opportunity to prove what your disparagement of my client’s character and reputation, especially in the way of the office he holds as Chairman of the Economic and Financial Crimes Commission”.

  • ‘Not true’ – Presidency reacts to Ojulari’s forced resignation

    ‘Not true’ – Presidency reacts to Ojulari’s forced resignation

    A presidential spokesperson, Sunday Dare has made clarification over alleged force resignation of the Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Bayo Ojulari. by the Economic and Financial Crimes Commission and the Department of State Services

    Dare debunked the claim, noting that there is no such thing.

    “Not true,” he told DAILY POST.

    This followed a statement from NNPCL on June 27, 2025, which raised the alarm over plans to sabotage the state-owned oil firm’s new leadership.

    In April 2, 2025 president Bola Ahmed Tinubu appointed Ojulari as GCEO of NNPCL after the removal of Mele Kyari.

  • Port Harcourt refinery not for sale – NNPC

    Port Harcourt refinery not for sale – NNPC

    The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the plant.

    The Group Chief Executive Officer (GCEO) of NNPC Ltd., Bashir Ojulari, announced this at a company-wide town hall meeting at the NNPC Towers, Abuja.

    Ojulari, in a statement by the company, explained that the position was not a shift, rather informed by ongoing detailed technical and financial reviews of the Port Harcourt, Kaduna and Warri refineries.

    He said the ongoing review indicated that the earlier decision to operate the Port Harcourt refinery prior to full completion of its rehabilitation was ill-informed and sub-commercial.

    “Although progress is being made on all three refineries, the emerging outlook calls for more advanced technical partnerships to complete and high-grade the rehabilitation of the Port Harcourt refinery.

    “Thus, selling is highly unlikely as it would lead to further value erosion,” he said.

    The announcement comes in the wake of widespread speculation following the GCEO’s  remarks at the 2025 OPEC Seminar in Vienna, Austria in July, where he said during an interview with Bloomberg that “all options are on the table.”

    The comment sparked speculation and headlines about the future of the nation’s refining assets.

    Ojulari said it would continue to reposition itself as a commercially driven, professionally managed company, grounded in transparency, focused on performance, and unwavering in its responsibility to its number one stakeholder group, Nigerians.

    According to the statement, the declaration was received with applause from hundreds of staff attendees, who described the position as a renewed sense of business-focused direction across the organisation.

    It described the town hall as more than a performance update; an opportunity for candid and constructive engagement.

    It stated that the Executive Vice Presidents of the company presented progress reports from the Upstream, Downstream, Finance, Business Services, Gas, Power, and New Energy businesses, highlighting operational achievements, ongoing reforms, and areas requiring attention.

    It said the announcement reinforced NNPC’s mandate as a strategic custodian of national energy infrastructure and reflected a firm resolve to deliver on the complete rehabilitation and long-term viability of Nigeria’s refineries.

    It further said it signalled continuity in the Federal Government’s broader energy security objectives and a commitment to retaining critical assets under national control.

  • NNPCL completes drilling of 4 oil wells in Bauchi

    NNPCL completes drilling of 4 oil wells in Bauchi

    Mr  Yusuf Usman, a Director at the Nigerian National Petroleum Company Ltd (NNPCL), has disclosed that the company has drilled four oil wells in the Kolmani area of Bauchi State.

    He also restated the commitment of the company to the exploration and development of oil and gas resources in the northern region of the country.

    Usman said this on Wednesday in Kaduna at the Sir Ahmadu Bello Memorial Foundation’s two-day interactive Session on Government-Citizens Engagement.

    “So far, the NNPCL has drilled four wells in the Kolmani area of Bauchi State, and is currently evaluating the appropriate technology to be deployed for the next phase of drilling operations.

    “In support of President Tinubu’s Compressed Natural Gas (CNG) Initiative, five CNG and Liquefied Natural Gas (LNG) plants are under construction in Kogi.

    “These plants are expected to enhance gas supply and accessibility across the northern region,” Usman said while highlighting some of the achievements of the company under the Tinubu-led administration that benefited the north and other parts of the country.

  • Trouble looms as NNPC boss, Ojulari shuns Senate 4th time

    Trouble looms as NNPC boss, Ojulari shuns Senate 4th time

    Mr Bayo Ojulari, the Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company Limited (NNPCL) on Tuesday failed to appear before the Senate Committee on Public Accounts for the fourth time to respond to the audit query raised against the company.

    Ojulari’s non-appearance on a fourth invitation infuriated all the members of the committee, chaired by Sen. Aliyu Wadada.

    The committee threatened to sanction the GCEO should he refuse to appear before the panel on Wednesday by 3 p.m.

    The committee had earlier sent three invitations to Ojulari to appear before it to explain the N210 trillion unaccounted expenditure, as raised in 2017 to 2023 audit report of the Auditor-General for the Federation against the company.

    However, at the resumed hearing on Tuesday, when the committee chairman, enquired from the Clerk, Mohammed Abdullahi, if the GCEO was around, he responded that he sent a letter explaining his absence.

    Ojulari, in the letter dated July 22 and read by the committee’s clerk, claimed that the urgent invitation from President Bola Tinubu at about 1:00 p.m. on Tuesday prevented him from honouring the committee’s invitation.

    Members of the committee, in their separate comments, expressed reservations on the genuineness of the reason given by the GCEO.

    One of the committee members, Sen. Victor Umeh, said that even though a presidential call had reduced his anger against the NNPCL boss, he, however, said using Mr President as an excuse for failing to appear before the committee should not be allowed to continue.

    Sen. Joel Thomas Onowakpo, in his own comment, accused Ojulari of not taking the invitation of the committee as a priority.

    “To me, the NNPCL boss thinks that he is bigger than this committee, and we don’t need a soothsayer to tell us that he will never honour our invitation except we invoke our powers to compel him,” he said.

    Also, Sen. Aminu Abbas said the NNPCL boss failed to understand that no GCEO was bigger than the National Assembly.

    “For failing to honour invitations of this committee four different times, he should be ordered to appear before the committee tomorrow (Wednesday) unfailingly,” he said.

  • NNPC remits N6.96tn to FG, reports N905bn profit

    NNPC remits N6.96tn to FG, reports N905bn profit

    The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has remitted N6.96 trillion to the Federation Account within the first five months of 2025.

    The NNPC Monthly Report Summary for June, released on Monday, revealed that it posted a Profit After Tax (PAT) of N905 billion for June 2025, marking a decline from the N1.054 trillion reported in May.

    In spite of the drop in monthly profit, it confirmed a total statutory remittance of N6.961 trillion to the federation account from January to May 2025, up from N5.583 trillion recorded between January and April of the same year.

    It indicated a steady rebound in upstream activities, with daily crude oil and condensate production rising to 1.68 million barrels per day (bpd), the highest since January.

    It showed that the NNPC’s revenue in June stood at N4.571 trillion, down from N6.008 trillion in May, reflecting fluctuations in the global oil market.

    “Crude oil and condensate production increased slightly, rising from 1.629 million bpd in May to 1.68 million bpd in June.

    “Natural gas production also rose to 7.581 billion standard cubic feet per day (scf/d) in June, up from 7.352 billion scf/d in May, indicating a steady recovery in output,” the report indicated.

    According to the report, fuel availability improved as well, with petrol availability at NNPC retail stations increasing to 71 per cent in June from 62 per cent in May.

    It further revealed that the completion of critical gas infrastructure projects showed progress: the Ajaokuta–Kaduna–Kano (AKK) pipeline moved to 83 per cent completion from 81 per cent, while the OB3 pipeline remained at 96 per cent completion.

    “Upstream pipeline availability slightly dipped from 98 per cent in May to 97 per cent in June,” it added.

    The report also highlighted ongoing strategic and technical efforts, including the successful crossing of the AKK River Niger segment, which has significantly de-risked pipeline completion.

    It disclosed that a technical review of the OB3 River Niger crossing has begun to apply insights gained from AKK’s progress. The reviews of the Port Harcourt, Warri, and Kaduna refineries remain ongoing.

    On its Corporate Social Responsibility activities, it stated that it successfully conducted a Financial Literacy Programme in June for over 67,000 NYSC members across Nigeria, bringing the total trained under the programme to 870,383.

    It said all production, sales and financial figures were provisional and subject to reconciliation with relevant stakeholders.

    According to the report, this performance highlights NNPC Ltd.’s continued role as a crucial revenue contributor to the Nigerian government amid fiscal pressures and ongoing economic reforms.

  • Audit report: We didn’t say NNPC stole money, but N210trn must be account for – Senate

    Audit report: We didn’t say NNPC stole money, but N210trn must be account for – Senate

    The Nigerian Senate has clarified that it never accused the Nigerian National Petroleum Company (NNPC) Limited of stealing any money, but that the alleged N210 trillion financial infraction in the 2017-2023 audit report must be accounted for by the company.

    Chairman of Senate Committee on Public Accounts, Senator Aliyu Wadada made the clarification on Thursday at the resumed hearing of the committee on the 2017-2023 Office of the Auditor-General of the Federation’s audit on expenditure of ministries, departments and agencies (MDAs).

    Wadada maintained that the position of the committee is that NNPCL did not account for the said fund as raised by the audit report, contrary to media reports that the money had been stolen by the company.

    Recall that the committee had, at an investigative session with management of NNPCL on June 26, directed the company’s Group Chief Executive Officer (GCEO), Bayo Ojulari, to appear before it on July 10.

    Ojulari’s appearance, the Senate said, was to enable him to account for the fund and answer other queries raised against NNPCL in the audit report.

    Based on the directive, the committee, at the resumed hearing on Thursday, did not allow NNPCL’s Chief Financial Officer, Mr Dapo Segun, to make any presentation on Ojulari’s behalf.

    The NNPCL GCEO was said to have travelled for the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria.

    The committee, via its chairman, therefore, directed Ojulari to appear before it unfailingly on a date to be communicated to explain the alleged financial infractions and other queries raised against NNPCL.

    Wadada, before making the declaration, clarified that the committee did not have anything against anyone in NNPCL, but was only discharging its constitutional duty of making Nigeria work by investigating how public funds were expended by MDAs.

    “I don’t have anything against anybody in NNPCL, just as other members of the committee, but we are just carrying out our constitutional mandate of ensuring probity and accountability in the spending of public funds.

    “NNPCL, as clearly stated in the audit report of 2017 to 2023, must account for the N210 trillion financial infraction. This committee never said NNPCL stole the money but it is requesting it to account for the fund.

    “The GCEO of NNPCL must appear before this committee to give account and offer explanation on other queries raised,” he said.

    Meanwhile, Senator Abdul Ningi earlier accused NNPCL of taking the committee for granted with the recurring absence of its GCEO from important sessions.

    “It is very disturbing and unacceptable for the GCEO of NNPCL to dishonour this committee’s invitation for his appearance again.

    “He has never appeared before this committee since his appointment, which is really disturbing. Invitation for his appearance before the committee was sent to him before the OPEC meeting.

    “As far as we are concerned, he is supposed to use his discretion on where to be here today, which should be before the Senate of the Federal Republic of Nigeria. He must appear before this committee as directed,” Ningi said

    Also, Sen. Adams Oshiomhole frowned at NNPCL GCEO’s persistent failure to appear before the committee.

    “Nobody is bigger than the country, and anybody who feels so has no business in government.

    “NNPCL GCEO should make good use of the window of invitation for appearance being offered him now before the door is shut against him.

    “The committee is not appealing but ordering him to appear before it which, in his own interest, must be obeyed,” Oshiomhole said.

  • AKK gas pipeline project achieves major milestone

    AKK gas pipeline project achieves major milestone

    Oilserv Limited, the contractor handling the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project, has disclosed achieving a major milestone with the pipeline project.

    TheNewsGuru.com (TNG) reports Oilserv to have said the pipeline has successfully crossed the River Niger, using the Horizontal Directional Drilling special technique, minimising environmental impact.

    Dr Emeka Okwuosa, Group Chief Executive Officer, Oilserv Limited, disclosed this on Friday in Abuja during a chat with newsmen.

    While confirming the development, Okwuosa said that the company delivered the project with technical excellence in spite of the challenging terrain.

    The project, being executed by the Nigerian National Petroleum Company Limited (NNPC Ltd.) is a 614km natural gas pipeline project.

    It is designed to transport gas for power generation, industrialisation and residential use from Ajaokuta to Kano, passing through Kaduna and Abuja.

    Okwuosa said that crossing the River Niger, which was the major obstacle and challenge facing the project, was a major milestone achieved.

    He said that the plan and target of the project was to achieve its mechanical completion by the end of 2025.

    He described the Horizontal Directional Drilling method used as a special technology and technique which involved going through a consolidated formation to achieve the milestone.

    The technology is a trenchless method for installing underground utilities like pipes, conduits or cables.

    This is done by using a surface-launched drilling rig to create a curved, underground path, minimising surface disruption.

    “We have been working closely with the NNPC to overcome challenges. The crossing of River Niger, which is the major obstacle, is a major milestone. Without crossing the River Nigeria, you will not have a complete pipeline.” he said.

    He said that the AKK pipeline, which was a key part of Nigeria Gas Master plan. According to him, it transversed different terrains from thick jungle, and there were multiple river crossings carried out along the Right of Way and also heels and cliffs crossings.

    “We had to cross roads and dual carriageways. It may appear simple, but a lot of times you cross these without crossing the road. Physically you have to drill across.

    “But the significance of River Niger is that it is a huge river from one bank to the other. In this particular case, where we are is more than two kilometers. And we have to build this pipeline in a way that we respect the environment and avoid disturbing the water itself,” he said.

    Okwuosa described the crossing as being similar to the Channel Tunnel that was built from England to France in order to have train passage. He said that the Channel Tunnel was a larger diameter hole that enabled transport to go.

    According to him, out of the 614km pipeline, Oilserv is building 303Km, approximately half of that, starting from the Ajaokuta all the way to the border between Kaduna State and Niger State.

    He said that the project was a key part of Nigeria Gas Master Pla.

    “Part of it has already been built, namely – the Escravos Lagos pipeline which is in existence and OB3 pipeline which it completed its part four years ago.

    “In our own segment, we have to blast rocks to be able to lay the pipeline. Most of the areas around Kogi is all rock.

    “We are an indigenous company and the premier indigenous EPC pipeline company. There is no other company of the size and capacity of Oilserv to execute a project like this. It is a good testament,” he said.

    He listed challenges facing the project to include security, the terrain, flood and logistics involved in moving the large pipes from the port to the relevant location.

    He said that in funding the project, NNPC Ltd. had managed to overcome the challenges of financing.

    According to him, with the support from the Afreximbank, Oilserv raises the money, achieves the milestone, put its bill/invoice while the NNPC pays.