Nigerian National Petroleum Company Archives

Outrage, as NNPCL fails to account for ₦210tr

June 25, 2025June 25, 2025 Aminu Imam

…Transparency Int’l demands probe Public outrage has erupted over the alleged disappearance of ₦210 trillion from NNPCL’s 2017–2023 audited financials, revealed during a Senate hearing. The Senate Committee on Public Accounts issued a one-week ultimatum for NNPCL to explain. Recall that on Wednesday last week, at a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada, the Nigerian public was exposed to the missing ₦210 trillion on NNPCL’s audited statement. Wadada did not mince words when he and his committee issued a one-week ultimatum to NNPCL to…

“Prepare for more fuel scarcity”, NNPCL warns amid price hike

September 6, 2024September 6, 2024 Aminu Imam

Executive Vice-president of Nigerian National Petroleum Company Limited, NNPCL (Downstream), Adedapo Segun, has advised Nigerians to brace for more fuel scarcity following the recent hike in the pump price of the product. The NNPCL Executive, who said this while speaking on a television programme, yesterday, emphasised the need for a perfectly competitive market to ensure stable fuel prices and supplies in Nigeria. �The pump price today is not market reflective. NNPCL is the sole importer of PMS in the country, which is abnormal. We should be moving towards a situation…

Tinubu appoints NNPCL Board members, management team

November 28, 2023November 28, 2023 Aminu Imam

…Re-appoints Mele Kyari as GCEO President Bola Ahmed Tinubu, yesterday, approved the appointment of board and management team of the Nigerian National Petroleum Company Limited (NNPCL). In a statement by the President�s spokesperson, Ajuri Ngelale, while announcing this in a statement, said the Tinubu approved the re-appointment of Malam Mele Kyari as the Group Chief Executive Officer. He said the President also appointed the management team of the corporation, with Chief Pius Akinyelure as Non-Executive Board Chairman. The statement said, �In compliance with Section 59 (2) of the Petroleum Industry…

�Oil thieves, few retired NNPC staff, idle lawyers behind sack Kyari campaign�, Group alleges

November 3, 2023November 3, 2023 Aminu Imam

A group, under the auspices of Nigeria Accountability Monitors, (NAM) has lambasted the Coalition of Nigerian Legal Practitioners, for calling for the sack of NNPC GCEO, Mele Kyari. It also accused some recently retired senior and management staff of conniving with “idle lawyers and other hirelings” to attack the NNPC’s Mele Kyari/ Umar Ajiya- led management. A media statement signed by the group’s Chairman, Sabiu Ibrahim on Thursday evening, described the lawyers coalition, led by Adesina Bernard, as “mischief-makers acting the script of a few among the recently retired officials…

Forex Shortage: NNPCL now sole importer of petrol � GCEO, Kyari

October 11, 2023October 11, 2023 Aminu Imam

The Nigerian National Petroleum Company Limited (NNPCL) has declared it is the sole importer of petrol in the country. The Group Chief Executive Officer (GCEO), Mele Kyari, disclosed this on Monday, during the ongoing Energy Labour Summit organised by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), in Abuja. Kyari said, �We are the only company importing premium motor spirit (PMS) into the country. None of them (oil companies) can do it today. For them, access to foreign exchange is difficult. We create foreign exchange (FX), therefore…

�Mele Kyari secretly recruits 35 staff without approval from NNPCL Board’ – Source�

September 22, 2023September 22, 2023 Aminu Imam

In continuation of his stronghold on the NNPC and its subsidiaries, its Chief Executive Officer, Mele Kyari has been accused of illegal recruitment of staff into the conglomerate in contravention of the due process for conducting recruitments into Ministries, Departments and Agencies (MDAs) as established by the Federal Government. According to multiple sources, Kyari is allegedly secretly recruiting people as staff without the approval of the Board of the NNPCL, adding that the recruitment was done between January and February 2023. It was gathered that the exercise was lopsided in…

Just In! NNPCL sacks management staff with 15 months to retirement

September 19, 2023September 19, 2023 Aminu Imam

The Nigerian National Petroleum Company (NNPC) Limited has compulsorily retired all management staff with less than 15 months to statutory retirement. In making the announcement on Tuesday, NNPC declared that the reason for the exercise was because of the need to boost its business objectives and strategic operations, adding that it was with immedidate effect. The move, the company added, is in line with its commitment to scale-up capabilities through targeted talent management and equal opportunity for all Nigerians. NNPC made the announcement via its official X (formerly Twitter) handle,…

NNPC prospects for oil in Niger, Borno, Sokoto, other northern states – Report�

January 6, 2023January 6, 2023 Aminu Imam

Following the discovery of crude oil in Gombe and Bauchi states, the Nigerian National Petroleum Company (NNPC) Limited says it is prospecting for the commodity in more locations across the North. NNPC stated that it was currently taking coordinated steps for more frontier exploration in the region, as part of measures to shore-up the country�s oil output and reserves. The company reportedly stated this in a document on the frontier exploration services activities of the NNPC from 2020 to 2022. The document outlined some prospective States where oil was expected…