A Lagos-based Integrity Group has urged President Bola Tinubu to investigate alleged corruption in the Nigerian National Petroleum Company Limited (NNPCL) under its current Group Managing Director, Mele Kyari. The group, led by Comrade Korede Adigun, demanded a probe similar to the one conducted by Jim Obazee in the Central Bank of Nigeria (CBN).
Adigun lamented the persistent fuel scarcity and soaring prices, accusing the NNPCL of mismanagement and corruption. He claimed that queues disappeared under the previous leadership of Maikanti Baru but resurfaced under Kyari.
The group questioned why President Tinubu had not ordered a probe into the NNPCL despite public outcry and alleged that some board members close to the president were protecting Kyari.
Adigun called for Kyari’s removal, citing the failure of leadership in the NNPCL, and urged the president to address the situation to prevent another nationwide protest.
The group’s position follows comments by Adetilewa Adebajo, CEO of CFG Advisory, who called for increased supervisory roles by the Ministry of Finance and CBN over the NNPCL. Adebajo highlighted the company’s liquidity issues, underutilized assets, and lack of corporate governance.
The Integrity Group’s demands include:
- A probe into alleged corruption in NNPCL
- Removal of Mele Kyari as Group Managing Director
- Increased supervisory roles by the Ministry of Finance and CBN
- Restructuring of NNPCL’s balance sheet
- Addressing zero revenue from refineries and corporate governance issues
