Adeyanju Slams Tinubu Over Implementation of Controversial Tax Reform Act, Calls It an Insult to Nigerians and Violation of Rule of Law

Human rights activist and lawyer, Deji Adeyanju, has strongly criticised President Bola Ahmed Tinubu for proceeding with the implementation of the controversial Tax Reform Act from January 1, 2026, describing the move as an insult to Nigerians and a serious breach of democratic principles. Adeyanju said the President’s decision to enforce the law despite unresolved controversies, including allegations of forgery and violations of constitutional procedures, demonstrates a blatant disregard for due process and the rule of law.

According to Adeyanju, the unresolved legal and procedural questions surrounding the Act render its enforcement illegitimate and potentially dangerous, warning that it could further erode public trust in government institutions. He argued that no law burdened with such serious allegations should be implemented without transparent investigations and constitutional clarification.

The activist also raised concerns over reports that President Tinubu may have unilaterally written off debts owed by the Nigerian National Petroleum Company Limited (NNPCL), questioning the constitutional authority for such a decision. He stressed that matters involving taxation and public finance must follow due process and receive proper legislative approval.

Adeyanju warned that bypassing constitutional safeguards could set a dangerous precedent for governance in Nigeria and called on the National Assembly and the judiciary to intervene to protect democracy. He urged the Federal Government to suspend the implementation of the Tax Reform Act until all allegations surrounding its passage are thoroughly investigated and resolved in line with constitutional provisions.

Integrity Shock as ICPC Scores NNPC Zero, Ranks National Oil Company Bottom Despite Fresh Profits and Reform Claims

Nigeria’s anti-corruption watchdog, the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has rated the Nigerian National Petroleum Company Limited (NNPCL) zero in its 2025 Ethics and Integrity Compliance Scorecard, placing it last among 357 federal ministries, departments and agencies assessed nationwide. The report found that NNPCL failed across all four integrity pillars—management culture, financial management, administrative systems, and anti-corruption mechanisms—classifying the national oil company as a high-risk institution. The outcome has intensified concerns over governance, transparency and accountability in Nigeria’s oil and gas sector, especially given NNPCL’s recent claims of improved profitability.
The ICPC report also revealed mixed results across petroleum regulators, with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) emerging as the top-performing agency, while the Nigerian Midstream and Downstream Petroleum Regulatory Commission (NMDPRA) recorded weak compliance. Overall, only about 14% of federal agencies achieved substantial compliance, prompting the ICPC to signal tougher enforcement actions against persistently non-compliant institutions. Analysts warn that NNPCL’s zero score poses reputational risks and could undermine public trust and investor confidence unless urgent governance reforms are implemented.

NNPC Reports N5.4 Trillion Profit as Directors’ Pay Hits N4.096 Billion, Administrative Costs Surge

The Nigerian National Petroleum Company Limited (NNPCL) revealed that directors’ fees rose to N4.096 billion in 2024, a 58% increase from 2023, amid a record N5.4 trillion profit. Executive pay slightly dipped to N1.365 billion, while employee welfare expenses rose to N749.7 billion, contributing to zero voluntary resignations. Administrative and operational costs surged to N3.58 trillion, driven by consultancy, software, security, travel, and training expenditures. The report highlights scrutiny over governance costs despite NNPCL’s reforms and massive profits, as the company continues its transition under the Petroleum Industry Act.

NNPCL Cuts Petrol Pump Price to ₦835 Per Litre Nationwide as Dangote Refinery Price War Intensifies

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol to about ₦835 per litre across major cities, down from ₦915. NNPCL outlets in Lagos now sell between ₦838 and ₦840 per litre, while Abuja stations are pegged at ₦835. The price drop follows aggressive fuel price cuts by the Dangote Refinery and other private marketers, reflecting increased domestic refining capacity and lower ex-depot costs. Analysts say the move offers temporary relief to consumers but warn prices remain vulnerable to global oil prices, exchange rates, and refinery output levels.

Seven Years On, NNPCL Fails to Pay Scholarship Promised to 2018 Science Quiz Winner Tony Okeke

Seven years after winning the Nigerian National Petroleum Corporation’s 2018 National Science Quiz Competition, Tony Okeke has yet to receive the ₦100,000 grant and ₦300,000 annual scholarship publicly promised by the corporation. Despite fulfilling all documentation requirements and repeated follow-ups, the NNPCL has neither paid the award nor offered an explanation, raising concerns over accountability and the credibility of its flagship CSR initiative. Okeke has since graduated with top honours in biomedical engineering fields in the United States.


#NNPCL
#EducationScholarship
#Accountability

BREAKING NEWS: The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has debunked claims that it is withholding the Frontier Exploration Fund (FEF) from the Nigerian National Petroleum Company Ltd. (NNPCL).

This was contained in a statement signed by the commission’s Head of Media and Strategic Communication, Eniola Akinkuotu

Reps Committee Summons NNPCL GCEO Bayo Ojulari Over 2021 Audit Queries, Demands Documents by Dec 15

The House of Representatives Public Accounts Committee has ordered NNPCL’s Group CEO, Bayo Ojulari, to appear before lawmakers on December 15, 2025, over unresolved audit queries from the Auditor-General’s 2021 report. PAC Chairman Bamidele Salam condemned NNPCL’s repeated failure to provide documents or honour earlier invitations, describing the conduct as disrespectful to the National Assembly.
Ojulari’s absence—explained as a result of a “critical engagement” at the Presidential Villa—angered committee members. The lawmakers warned that no agency, including NNPCL, is exempt from oversight, as the audit queries involve abandoned projects, irregular payments, tax violations, and unaccounted funds. The committee insists on full compliance to strengthen accountability across MDAs.


#NNPCL

#AuditQueries

#HouseOfReps

Atiku Slams Tinubu Over ₦17.5trn Pipeline Security Spending in One Year


Former Vice President Atiku Abubakar has strongly criticized the Bola Tinubu administration over revelations that the Nigerian National Petroleum Company Limited (NNPCL) spent ₦17.5 trillion within 12 months on fuel pipeline security.

Atiku described the revelation as “one of the most brazen financial scandals in our nation’s history,” questioning how such an enormous amount could be justified for a single line item. The opposition leader is calling for full transparency and an independent investigation into the expenditure.
#AtikuAbubakar #TinubuAdministration #NNPC

The Senate has ordered the Nigerian National Petroleum Company Limited (NNPCL) to refund ₦210 trillion to the Federation Account after rejecting the firm’s explanations over unaccounted funds. The Senate Committee on Public Accounts, led by Senator Aliyu Wadada, said NNPCL’s responses to audit queries were inconsistent and unjustifiable. The committee questioned how the company claimed ₦103 trillion in expenses and ₦107 trillion in receivables, far exceeding its revenue between 2017 and 2022. It vowed to summon past officials if the current management fails to provide satisfactory answers.

NNPCL targets 20 per cent ownership stake in Dangote Refinery.

The Nigerian National Petroleum Company Limited (NNPCL) said it plans to increase its ownership stake in Dangote Refinery to 20 per cent from 7.2 per cent.

NNPCL Group Chief Executive Officer, Bayo Ojulari, disclosed this in his remarks at the Abu Dhabi International Petroleum Exhibition and Conference 2025.

According to him, the move is part of the state-owned firm’s strategy to deepen participation in the country’s energy value chain.

“The company is working towards increasing its stake in Nigeria’s Dangote Refinery to 20 per cent,” Ojulari was quoted by Reuters as saying.

This comes as the President of Dangote Refinery, Aliko Dangote, recently said the NNPCL could expand its stake. He, however, noted that this would only happen after Dangote Refinery had proven to NNPCL what the plant can do.

NNPCL retail outlets in Abuja also reduced their petrol pump price to N945 per litre from N955 as supply glitches at the Dangote Refinery eased.

NNPCL Reduces Petrol Price by N10 as Supply Reportedly Improves.

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol as fuel supply from the Dangote Refinery stabilises.

On Saturday, NNPCL adjusted the retail price at its outlets from N955 to N945 per litre, reflecting a N10 reduction. The revised price has already taken effect at stations in areas such as Gwarimpa and Wuse Zone 4 in Abuja.

Other petrol marketers have also followed suit, with stations like Eterna adjusting their pump price to N945 per litre.

The price drop comes after weeks of nationwide increase caused by supply challenges at the Dangote Refinery. Improved distribution from the refinery & product importers has now eased the pressure on fuel supply.

However, there are concerns that prices could climb again, following President Bola Ahmed Tinubu’s recent approval of a 15% import tax on petrol & diesel, a move analysts say may impact pump prices in the coming weeks.

Nigerian petrol marketers to dump Dangote Refinery for cheaper fuel.

Nigerian petroleum product marketers have announced plans to abandon Dangote Refinery’s petrol in favour of cheaper imported fuel.

The spokesperson of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Chinedu Ukadike, disclosed this to DAILY POST on Friday.

This follows the drop in the landing cost of imported fuel to N839.97 per litre, which is N37 cheaper than Dangote Refinery’s gantry petrol price of N877 per litre.

Commenting on the development, Ukadike hinted that petroleum marketers would opt for imported fuel to enable Nigerians to access cheaper petrol.

He noted that the price disparity was a result of the liberalisation and deregulation of the country’s downstream sector.

“It is due to the liberalisation of the sector, which has set the tune for a price war. Marketers now have the option to buy either at N877 per litre with Dangote Refinery or N839 with MEMAN.
“The concern here is why would a local refinery (Dangote) sell petrol higher than imported ones?
“As petroleum product marketers, Nigerians are interested in buying petrol that is cheaper. When we have cheaper fuel, it sells faster,” he told DAILY POST.

ex-depot prices of Emedab, Gulf Treasure, Ardova and Bono stood at N875 per litre, while that of Dangote Refinery remained at N877.

As of Friday evening, petrol was being sold at between N950 and N965 per litre at Nigerian National Petroleum Company Limited, NNPCL, MRS, Ranoil, Total and Emedab retail outlets in Abuja.

Dangote Refinery deploys CNG trucks to distribute petrol at N850 per litre.

The Dangote Petroleum Refinery has intensified efforts through the use of Compressed Natural Gas (CNG)-powered trucks to distribute Premium Motor Spirit, PMS, also known as petrol at N850 per litre to different parts of the nation.

Chief Executive officer of Petroleumprice.ng, Olatide Jeremiah, said: “Generally, the depot prices have increased. Market data showed that petrol sold between ¦ 870 and ¦ 900 per litre at key depots in Lagos and Calabar, reflecting a steady climb over the past week.

“In Lagos, where most private depots rely on imported supply, prices remained elevated even after recent reviews. Aiteo and Pinnacle both sold petrol at ¦ 890 and ¦ 870 per litre, respectively, while Integrated Oil and Gas priced PMS at ¦ 870 per litre.

“At Calabar, Matrix Energy and Northwest Petroleum traded at ¦ 890 and ¦ 880 per litre, while Sobaz Depot hit ¦ 900 per litre —the highest recorded so far this month.”

“The hike in depot prices would likely crash once the Dangote Petroleum Refinery completes its rehabilitation because the plant has the capacity to impact the domestic market.”

However, the retail prices of petrol have increased by 6.8 percent to N955 per litre, from N890 per litre sold last week.

The NNPCL, and stations owned by Independent Marketers in Lagos and Abuja showed that the petrol was dispersed between N900 and N955 per litre.

Also, petrol marketers across Abuja, the nation’s capital, on Tuesday increased their pump price by over N50 per litre following a similar increase by NNPC Limited.

Adamawa State Command of the Nigeria Security and Civil Defence Corps, NSCDC, has intercepted a trailer containing stolen pipes belonging to the Nigerian National Petroleum Company Limited, NNPCL.
@DailyPostNGR

The Group Chief Executive of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has attributed the recent scarcity in cooking gas to a temporary loading and disruption during the strike action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).

Nigerian Govt, PENGASSAN, Dangote Refinery reach truce.

The Federal Government, on Tuesday, brokered a truce between the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, and the management of Dangote Petroleum Refinery.

The Minister of Labour and Employment, Dr Muhammad Maigari-Dingyadi, made this known in a statement on Wednesday at the end of a two-day conciliation meeting in Abuja.

The meeting, which held on Monday and Tuesday, brought together the National Security Adviser, Ministers of Finance, Budget and Economic Planning, and State for Petroleum (Gas), alongside the DSS, NIA, NNPCL, NMDPRA, NUPRC and labour leaders.

Recall that the conciliation was convened after PENGASSAN directed its members to stop gas supply and withdraw services from the refinery.

PENGASSAN had alleged that the company terminated the employment of more than 800 of its members, which triggered the industrial action.

Meanwhile, Dangote Refinery explained that the disengagement of workers was due to an ongoing restructuring exercise in the company.

According to the communiqué, the meeting resolved that unionisation is a fundamental right of workers under Nigerian law and must be respected by the company.

Former NNPCL GM found guilty of taking $2.1M bribe from a Swiss oil company by U.S court.

A U.S. District Court in California has scheduled December 1, 2025, for the sentencing of Paulinus Iheanacho Okoronkwo, a former General Manager of the Nigerian National Petroleum Company Limited (NNPCL), who was found guilty of taking a $2.1 million bribe from a Swiss oil firm.

Okoronkwo, 58, was indicted in January 2024 by the U.S. Attorney’s Office in the Central District of California. He faced multiple charges, including three counts of unlawful monetary transactions, one count of tax evasion, and one count of obstruction of justice.

According to prosecutors, the former NNPCL official received $2,105,263 in October 2015 from Addax Petroleum, a Swiss subsidiary of Chinese energy giant Sinopec. 

The payment was routed through his Los Angeles law firm and disguised as consultancy fees. The U.S. Department of Justice described it as a bribe aimed at securing favorable drilling rights in Nigeria.

Court documents showed that Addax executives misrepresented the transaction, misled auditors, and even dismissed staff who questioned the deal.

Nearly $1 million of the funds was used by Okoronkwo as a down payment for a home in Valencia, California, while he failed to report the income in his 2015 federal tax filings.

In 2022, during a federal investigation, he further obstructed justice by falsely claiming the money belonged to a client. Following a four-day trial, a jury convicted him on all counts.

Presiding Judge John F. Walter stated that Okoronkwo faces up to 25 years in prison — 10 years each for the unlawful monetary transactions and obstruction of justice, and five years for tax evasion.

Okoronkwo, once a practicing lawyer in Los Angeles’ Koreatown, remains free on a $50,000 bond pending sentencing. He was dismissed by NNPCL in 2024 after his indictment, according to former presidential aide Bashir Ahmad, who confirmed the company had cut ties with him.

PETROAN Set For Nationwide Shutdown Over Alleged Monopoly

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has announced a planned three-day nationwide shutdown of fuel lifting and dispensing starting Tuesday, September 9, 2025.

According to PETROAN President Billy Gillis-Harry, the action is to resist alleged monopolistic practices in the downstream petroleum sector, safeguard workers’ rights, and prevent the dominance of a single player in the industry.

The group warned that aggressive policies linked to Dangote Refinery could push depot owners, modular refineries, and transport operators out of business, leading to job losses and worsening economic hardship.

PETROAN urged President Bola Tinubu and other key stakeholders to intervene, adding that a 120-man compliance team will oversee safety during the shutdown.

Ref: Channels TV
#PETROAN #Petrol #Nigeria #NNPCL #FuelCrisis #BreakingNews

In his column, Azu Ishiekwene warns that NNPCL boss Bayo Ojulari may be “walking into a trap” with his promise to revive Nigeria’s moribund refineries.

Although crude oil production has risen under his watch, Ishiekwene argues that Ojulari’s pledge to unions risks repeating decades of failed, costly “turnaround maintenance” projects that enriched contractors and politicians while leaving refineries idle.

He notes that past rehabilitation efforts — including billions paid under Buhari’s administration — delivered little, while refinery workers still drew huge salaries. Instead of making hasty promises, Ishiekwene urges Ojulari to publish the ongoing refinery review and avoid falling prey to vested interests.

#NNPCL #RefineryCrisis #NigeriaEconomy

BREAKING: A coalition of Niger Delta Youth leaders today staged a protest at NNPCL Towers in Abuja with a call on the Group Chief Executive Officer of the oil giant, Engr. Bashir Bayo Ojulari to quit over alleged corruption and mismanagement.