Connect with us

News

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

Published

on

Photo source: Google

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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

Kidnapped Rector of Immaculate Conception Seminary, Fr. Oyode, Rescued After Two Weeks

Published

on


Rev. Father Thomas Oyode, the kidnapped Rector of Immaculate Conception Seminary in Agenebode, Edo State, has regained his freedom nearly two weeks after being abducted by gunmen.

The priest was abandoned in a bush in Kogi State following coordinated efforts by security forces, including police, who carried out air surveillance over the forest where he was held.

The kidnappers had demanded a ransom of N200 million, but while negotiations were underway, security agencies tracked Fr. Oyode’s location. It remains unclear if any ransom was paid for his release.

The rescue was confirmed by AIG Arungwa Nwazue, Assistant Inspector General of Police, Zone 5, Benin. Fr. Oyode was abducted on October 27 during a prayer session at the seminary in Ivhianokpodi, Etsako East LGA, Edo State.


 

Advertisement
Continue Reading

News

Equatorial Guinea Government Responds to Digital Privacy Scandal Affecting Women’s Dignity

Published

on


In response to a digital privacy scandal, Mrs. Constancia Mangue Obiang, First Lady of Equatorial Guinea, called for immediate government action to protect the dignity and privacy of Guineo-Ecuadorian women.

On November 6, 2024, the First Lady’s Press Office shared her concerns about the harm caused to women’s image by the growing issue of inappropriate online content.

Mrs. Obiang urged the government to not only address incidents like these but also take proactive measures to ensure women’s safety and respect in the digital age.

Prime Minister Osa Nsue echoed her concerns, acknowledging the need for stronger privacy laws and emphasizing the importance of safeguarding individual rights and the nation’s public image.

The government is considering stricter laws related to privacy and personal data protection to prevent future violations.

Advertisement

Additionally, discussions are underway to implement a comprehensive approach, including education, legislation, and social awareness, to curb the spread of inappropriate online content.

The First Lady and the Prime Minister committed to working together to restore public trust and ensure the protection of Equatoguinean women’s reputation.


 

Continue Reading

News

The Nigerian Defence HQ Confirms New Terror Group ‘Lukarawas’ in Northwest Nigeria

Published

on


The Nigerian Defence Headquarters has confirmed the emergence of a new terrorist group known as ‘Lukarawas’ in northwestern Nigeria. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, disclosed this during a briefing in Abuja on Thursday, November 7.

According to Buba, the group originated in Niger following the recent coup, which led to a breakdown of military cooperation between Nigeria and Niger.

This disruption allowed Lukarawas fighters to infiltrate northern parts of Sokoto and Kebbi States, using difficult terrains and remote areas to evade detection.

Buba noted that some locals initially welcomed the group, unaware of its intentions, and failed to alert security forces.

He assured Nigerians that the military has intensified intelligence and surveillance efforts to counter the group, emphasizing that troops are tracking and working to eliminate the threat posed by Lukarawas.

Advertisement

 

Continue Reading

Trending