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Home > Ojulari
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#34.65bn corruption scandal: Arrest NNPCL Boss now, Protesters tells EFCC

by Folarin Kehinde August 3, 2025
written by Folarin Kehinde

Tensions flared in Abuja on Thursday as a coalition of civil society groups and oil workers mounted a large-scale protest at the headquarters of the Economic and Financial Crimes Commission (EFCC), calling for the immediate arrest and prosecution of Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL).

The demonstration, organized by OilWatch Nigeria, Workers’ Rights Alliance, and Concerned Citizens Watch, drew hundreds of participants — including activists, oil sector employees, and everyday Nigerians — who accused Ojulari of playing a central role in a massive ₦34.65 billion ($21 million) corruption scandal.

According to the protest leaders, the scandal has shaken public trust and poses a serious credibility challenge to President Bola Tinubu’s administration.

The outcry follows the recent detention of Abdullahi Bashir Haske, an ally of Ojulari, who reportedly told EFCC investigators that the $21 million discovered in his bank account was owned by the NNPCL chief.

“This money could have built schools, hospitals, and fixed our failing infrastructure,” said Emmanuel Ekpeyong of OilWatch Nigeria. “Instead, it was allegedly hoarded in private accounts to fund a life of luxury. We are here to demand immediate accountability.”

The coalition listed several allegations against Ojulari, including misuse of public funds, contract racketeering via shell companies, lavish living at Abuja’s upscale Wells Carlton Hotel, and the appointment of unqualified loyalists to strategic roles within NNPCL.

“Ojulari has turned the national oil company into a personal empire,” said Danladi Usman of the Workers’ Rights Alliance. “His actions betray the trust of every hardworking Nigerian and have crippled confidence in our energy sector.”

Adding to the pressure, Babatunde Anifowoshe of Concerned Citizens Watch accused Ojulari of attempting to obstruct EFCC investigations to shield his associates.

“Leaving him in office mocks the President’s vow of reform,” Anifowoshe said. “We urge the EFCC to arrest him immediately and for President Tinubu to relieve him of his duties without delay.”

The coalition issued two firm demands: that the EFCC prosecute Ojulari for his alleged involvement in the ₦34.65 billion scandal, and that President Tinubu immediately remove him from his position at NNPCL.

“This is just the beginning,” warned Ekpeyong. “A deep dive into Ojulari’s financial and operational dealings will likely uncover even greater rot.”

To escalate their push for justice, the groups announced a three-day peaceful protest starting August 1, targeting the National Assembly, NNPCL headquarters, and the EFCC offices.

“We will continue marching until real action is taken,” Usman declared, urging broad national participation. “This fight is for Nigeria’s future — where the nation’s oil wealth benefits all citizens, not a privileged few.”

With the protests gaining momentum, both the EFCC and the Presidency are under increasing pressure to respond. The coalition cautioned that failure to act could lead to wider unrest and deeper economic instability.

“The Nigerian people are watching,” said Anifowoshe. “We demand transparency, justice, and accountability. Bayo Ojulari must face the full weight of the law.”

As of press time, the EFCC had not issued an official statement on the matter.

August 3, 2025 0 comments
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Headlines

NNPCL boss Ojulari allegedly forced to sign resignation letter

by Folarin Kehinde August 2, 2025
written by Folarin Kehinde

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Bayo Ojulari, has allegedly been forced to sign a resignation letter.

This is according to a Peoples Gazette report on Saturday.

According to the report, Ojulari was hijacked on Friday and pressured to sign a resignation letter by Ola Olukoyede, chairman of anti-graft EFCC, and Adeola Ajayi, director-general of the State Security Service.

It was reported that the alleged incident occurred on Friday, according to sources who spoke with the news platform.

Sources said Mr Ojulari was repeatedly questioned about what he might know of Olatimbo Ayinde, a British-Nigerian oil businesswoman who has recently emerged as one of the most powerful forces steering the Tinubu administration.

“Mr Ojulari told us he didn’t know Olatimbo Ayinde,” the source, who preferred anonymity, told Peoples Gazette.

However, the spokesman of EFCC, Dele Oyewale, has not officially responded to the enquiry on the matter.

Also, Mr Ojulari did not immediately return multiple requests seeking comments about the development on Saturday afternoon.

Recall that NNPCL had recently raised alarm over sabotage of the state-owned oil firm’s leadership.

 

August 2, 2025 0 comments
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