Tony Elumelu: How My career started in job I wasn’t qualified for
The Nigerian National Petroleum Corporation (NNPC) is facing leadership instability as CEO Bashir Bayo Ojulari faces potential removal following money laundering allegations. The controversy involves alleged financial ties to a company founded by the son-in-law of political figure Atiku Abubakar.
Why it matters
Leadership changes in the state-run oil company of Africa's largest economy significantly impact regional energy stability and political relations.
The days of Bashir Bayo Ojulari as the group CEO of the Nigerian National Petroleum Corporation (NNPC) Limited are numbered, TheCable has been informed.
Although there are reports that he has resigned, TheCable learnt from insiders that he has not thrown in the towel yet, “but only a miracle will keep him in office at this stage”.
President Bola Ahmed Tinubu, who appointed him to replace Mele Kyari only four months ago, is said to be “livid” over security reports on Ojulari’s activities so far in office.
The NNPC GCEO has been a subject of money laundering investigations following the alleged transfer of millions of dollars to the account of AA&R Investment Group, a company with interests in energy, agribusiness, logistics, and information communication technology.
Flood destroys houses, schools, farms in Plateau, Bauchi, Niger
Nigerians may pay more for fuel as FG plans 5% surcharge
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in