Tag: Bayo Ojulari

After gulping ‘$18bn in repairs, NNPCL may sell P’Harcourt, Kaduna, Warri refineries – GCEO

Aminu Imam
NNPCL on refineries

Citing complications in revamping the Port-Harcourt, Warri and Kaduna refineries, the Nigerian National Petroleum Company Limited (NNPCL) has revealed that the facilities could be sold off. The decision came after the moribund refineries had allegedly gulped about $18 billion in turnaround maintenance. The NNPCL Group Chief Executive Officer (CEO), Bayo Ojulari, disclosed the possible sale of the refineries on the sidelines of the Organisation of Petroleum Exporting Countries (OPEC) International Seminar in Vienna, Austria on Thursday. Ojulari, who spoke with Bloomberg, said the NNPCL was reassessing its refinery strategies and…

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NNPCL: SERAP urges Ojulari to invite EFCC, ICPC to probe missing ₦500bn

Aminu Imam
SERAP urges probe

Socio-Economic Rights and Accountability Project (SERAP) has urged the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited, (NNPCL), Bayo Ojulari,  “to account for and explain the whereabouts of the missing ₦500 billion, which the NNPCL failed to remit to the Federation Account, between October 2024 and December 2024, as revealed by the World Bank”. SERAP urged Ojulari “to identify those suspected to be involved, surcharge them for the full amount involved, and hand them over to the Independent Corrupt Practices and Other Related Offences Commission (ICPC)…

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