* Say NNPCL GCEO has introduced subsidy through backdoor
A coalition of energy consultants under the auspices of the Association of Energy Policy and Development Consultants (AEPDC) has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bayo Ojulari, to resign immediately, saying his leadership has become synonymous with secrecy, weak accountability and growing public distrust over the management of the nation’s oil resources.
The group said the continued opacity surrounding the management of NNPCL’s finances, particularly the huge claims associated with energy security and pipeline protection, has further eroded public confidence in the company and raised serious questions about its commitment to transparency.
In a statement signed by its National President, Dr. Ibrahim Danjuma, on Friday in Abuja, the association expressed concern over figures contained in the company’s 2024 financial records, which reportedly showed total claims and under-recovery costs amounting to about N17.5 trillion, including approximately N7.13 trillion categorized as energy security and pipeline protection expenses.
According to the consultants, while they recognize that securing critical oil and gas infrastructure is essential to national economic stability, “no responsible corporate entity should expect Nigerians to accept expenditures running into trillions of naira without comprehensive disclosures, measurable outcomes and independent accountability”.
