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ADF Urges Tinubu to Suspend NNPCL Boss Kyari Over $6 Billion Debt, Fuel Crisis

Amidst growing controversy surrounding the Nigerian National Petroleum Company Limited’s (NNPCL) $6 billion debt to petrol suppliers, a Northern advocacy group known as the Arewa Democratic Front (ADF) has called on President Bola Tinubu to take immediate and decisive action.
The ADF, through its National Coordinator, Engineer Mustafa Yusuf, and National Secretary, Malam Muazu Haruna, urged the president to address the persistent fuel crisis by suspending Mele Kyari, the current Group CEO of NNPCL.
The group’s call for action comes after NNPCL’s Chief Communications Officer, Olufemi Soneye, confirmed the existence of the substantial debt, a burden that has worsened the company’s ability to meet its financial obligations and manage its operations efficiently.
This financial strain has been accompanied by a worsening fuel crisis, with petrol prices soaring to over N1,000 per liter in certain parts of the country.
According to the ADF, this alarming situation is a direct result of Kyari’s leadership and the widespread inefficiency that has plagued the NNPCL.
They expressed frustration over the impact of these inefficiencies on ordinary Nigerians, who are already struggling under severe economic conditions.
The group lamented that despite Nigeria being a country rich in oil resources, citizens continue to face extreme fuel shortages and unreasonably high prices, compounding the hardships faced by the masses.
The ADF also criticized the mismanagement of the petroleum sector, pointing to long queues at petrol stations as evidence of NNPCL’s failure.
This, they argued, is an ongoing reminder of the company’s inability to effectively manage the country’s oil resources.
More concerning, however, is the revelation of a staggering $6 billion debt, allegedly accrued through covert fuel subsidy payments, despite the official cancellation of fuel subsidies more than a year ago.
The group raised serious concerns about the transparency and accountability of NNPCL’s leadership under Kyari, questioning how such a massive debt could accumulate in the first place.
The ADF went further to accuse the NNPCL of engaging in questionable practices, including unfair fuel subsidy schemes, racketeering, and the involvement of middlemen, all of which have worsened the fuel crisis.
They specifically pointed to the NNPCL’s acquisition of OVH Energy Marketing and the liberal issuance of licenses to private operators as examples of corruption within the corporation.
These actions, according to the group, have only deepened public mistrust and threaten the credibility of President Tinubu’s administration.
In addition, the ADF criticized Kyari for his failure to rehabilitate Nigeria’s refineries despite having access to sufficient resources.
The group rejected recent proposals to hand over the management of these refineries to private firms, calling it another scheme to defraud the nation under the guise of privatization.
They believe such a move would only worsen the crisis in the petroleum sector and exacerbate the suffering of ordinary Nigerians.
The Arewa Democratic Front accused Kyari of disrespecting the rule of law and operating with impunity.
They argued that such behavior should not be tolerated from a public official, especially one overseeing a sector as critical as Nigeria’s oil industry.
They called on President Tinubu to suspend Kyari to allow for a thorough investigation into the NNPCL’s financial and operational mismanagement.
Furthermore, the ADF emphasized that the continued presence of Kyari as the head of the NNPCL is a danger to Nigeria’s economic stability.
They declared that Kyari has run out of ideas and lost the moral authority to lead the corporation.
Therefore, they called for a complete overhaul of NNPCL’s leadership and demanded the appointment of a new management team free from corruption, committed to transparency, and capable of restoring public trust in the corporation.
In their statement, the group made it clear that they stand with the suffering masses and will not cease their advocacy for justice, equity, and the rule of law.
They also called on civil society organizations, concerned Nigerians, and international partners to join them in their demand for accountability in the management of Nigeria’s oil sector.
The ADF warned that the future of Nigeria depends on immediate action being taken to resolve the issues plaguing the NNPCL, restore the petroleum sector, and alleviate the suffering of the people.
News
No Grid Collapse in Four Months – Power Minister Praise Nigeria Stable Electricity

Nigeria’s power sector has gone four straight months without a national grid collapse, according to Minister of Power, Adebayo Adelabu.
Speaking during the sixth Ministerial Press Briefing in Abuja, Adelabu said the country is seeing more stability in electricity supply due to better generation capacity and ongoing power sector reforms.
He highlighted a recent milestone where the grid handled 5,801.63 megawatts without crashing, a sharp contrast to the past when it would collapse at just 5,000 megawatts.
Adelabu also noted that the April 2024 tariff adjustment for Band A customers boosted revenue in the sector by 70 percent and helped reduce the tariff shortfall by N700 billion.
Meanwhile, the Minister of Information, Mohammed Idris, emphasized that reliable power remains central to President Tinubu’s goal of industrializing Nigeria.
News
“We warned Nigerians” – EFCC Says After CBEX Crash

The Economic and Financial Crimes Commission (EFCC) has said many Nigerians ignored its repeated warnings about digital trading platforms like CBEX.
Speaking on Channels Television, EFCC spokesperson Dele Oyewale explained that the Commission had made efforts to educate the public on the risks of such platforms long before the recent crash.
CBEX, an online trading company with links to China, reportedly collapsed on Monday, locking investors out of their funds and resulting in an estimated N1.3 trillion loss. Videos have since circulated showing victims expressing frustration and heartbreak over their lost savings.
Oyewale stressed that the EFCC had previously published a list of 58 suspicious investment companies, warning citizens to steer clear. He said this was part of their effort to prevent scams and protect the public.
He emphasized that CBEX never had any real, registered presence in Nigeria, despite claims of physical offices in places like Ibadan. He also noted that the company operated entirely online and lacked any legal ties to Nigeria.
According to Oyewale, the Commission had done its part by creating awareness and alerting Nigerians to the risks. “The rest is for people to be cautious and protect their money,” he said.
He also pointed to the newly introduced Investment and Securities Act 2025, which now makes it a criminal offense to engage in digital trading without proper licenses and compliance with Nigerian law.
News
Legal Group Files Lawsuit Against Trump Over Tariffs, Claims He Exceeded His Authority

A legal advocacy group filed a lawsuit on Monday challenging US President Donald Trump’s broad tariffs on foreign trade partners. The group, Liberty Justice Center, argues that Trump exceeded his authority by imposing these tariffs and has asked the US Court of International Trade to block them.
The lawsuit, filed on behalf of five small businesses, targets the tariffs Trump introduced on April 2, as well as the additional duties placed on China. These businesses include a wine and spirits importer from New York and a Virginia-based company making educational kits and musical instruments.
Liberty Justice Center senior counsel Jeffrey Schwab argued that only Congress, not the president, has the constitutional authority to set tax rates, including tariffs. He stated, “No one person should have the power to impose taxes with such far-reaching global consequences.”
In response, White House spokesman Harrison Fields defended Trump’s tariffs, saying they were necessary to address unfair trade practices, particularly with China. He claimed the president is standing up for American businesses and workers by correcting trade imbalances.
This lawsuit follows another similar legal challenge in Florida, where a small business owner is also seeking to block tariffs on Chinese goods.
Trump’s tariffs include a 10% duty on goods from all countries, with higher rates for those with significant barriers to US imports. While some of the tariffs were paused for 90 days, the Liberty Justice Center argues that Trump’s use of special executive powers under the International Emergency Economic Powers Act doesn’t authorize such actions.
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