Breaking: Presidency Source Opens Up on NNPC's Ojulari Resigning
- The Presidency source has dismissed the report that the GCEO of the NNPC Limited, Bayo Ojulari, has resigned from his position
- There was an earlier report alleging that the NNPC boss was forced to resign from his position by the EFCC
- Earlier in April 2025, President Bola Tinubu appointed Ojulari as the boss of the NNPC, following the sacking of the former NNPC GCEO, Mele Kyari
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The report by some online that the group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has resigned from his position. A reliable source within the presidency said that the claims were "rubbish and false"
It was earlier reported that the claim that the NNPC boss was compelled to resign from his position by the Economic and Financial Crimes Commission (EFCC). However, the presidency source dismissed the claim and insisted that the report was false.
Source: Twitter
When did Tinubu appoint Ojulari
According to Vanguard, President Bola Tinubu appointed the NNPC boss in April 2025. He was then mandated to reform the oil firm and enhance its operational efficiency by restoring investors' confidence and making the company more commercially viable.
Before his appointment, President Tinubu sacked the former board of the NNPP, including the then group chief executive officer, Mele Kyari, and the board chairman, Pius Akinyelure, as part of the reform.
In November 2023, Tinubu reappointed Kyari to continue leading the NNPC, which suggests that the President is satisfied with Kyari's performance. However, some controversies have surrounded Kyari's leadership and Tinubu's appointments at the NNPC, with some accusing the President of ethnic bias.
Ojulari's appointment was announced by the presidency in a statement signed by Bayo Onanuga, President Tinubu's special adviser on information and strategy, at an early hour of Wednesday, April 2, adding that his appointment takes immediate effect.
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Who owns the NNPC Limited
The NNPC is a national asset that manages Nigeria's oil, a major source of revenue for the West African country. Under the immediate past administration of President Muhammadu Buhari, the NNPC transitioned to a limited company and is reportedly ready to be listed on Nigeria's stock exchange.
However, there are some facts Nigerians need to know about the new manager of the NNPC. Some of these facts were mentioned in the president's statements. The new NNPC Limited GCEO hailed from Kwara, a north-central state. He is a graduate of Mechanical Engineering from Ahmadu Bello University, Zaria.
The new NNPC boss had also served as the chairman and member of the board of trustees of the Society of Petroleum Engineers (SPE Nigerian Council) and a fellow of the Nigerian Society of Engineers.
Source: Twitter
Tinubu orders appointments of NYSC members
Legit.ng earlier reported that President Bola Tinubu has given immediate employment to 200 NYSC members for their outstanding service year.
The president also announced immediate employment for 10 physically challenged persons who sustained several injuries during their service years.
The honourees included corp members who served between 2020-2023 service years and were also offered a cash gift of ₦250,000 each.
Source: Legit.ng
