Oil sector in shambles – APC stakeholders write Tinubu, seek removal of Kyari, 2 others

Some stakeholders within the ruling All Progressives Congress (APC), under the aegis of the Tinubu Legacy Coalition (TLC), have called on President Bola Tinubu to remove the heads of the nation’s oil and gas regulatory agencies over alleged failure to effectively manage the sector.

The group made the call in a letter to the president, which was jointly signed by Hon Bala Abu, Convener/National President, Dr. Jeremmiah Okino, Co-Convener, Comrade Gabriel Gbana, Secretary, Dr. Thomas Terna, Princess Ajibola, and 95 others.

The party stakeholders urged the president to remove Mele Kyari, Gbenga Komolafe, and Farouk Ahmed as heads of the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), respectively.

Among other issues, the APC group cited the incessant fuel crisis resulting in constant queues at filling stations across the country, pipeline vandalism, and oil theft as part of the failures of Kyari and other officials in the oil sector.

There are also reports that the refinery under the management of the NNPCL in Rivers State has again failed to commence its operations after about six postponements.

The group also alleged that the oil and gas sector’s contribution to the nation’s GDP has dwindled, stressing that the country’s reputation is being tarnished globally.

Part of the letter reads, “We are compelled to express our deep concern over the state of the nation’s oil and gas industry. Despite the sector’s potential to drive economic growth, it has been plagued by inefficiencies, corruption, and mismanagement.

“The continued stay in office of Mele Kyari, Engr. Gbenga Komolafe, and Farouk Ahmed has done more harm than good to the image of President Tinubu,” the letter said.

“The oil and gas sector is in shambles, with fuel scarcity, pipeline vandalism, and oil theft rampant.

“The sector’s contribution to the nation’s GDP has dwindled, and the country’s reputation has been tarnished.

“The lack of transparency and accountability in the sector has led to widespread corruption, with billions of dollars lost to fraudulent activities.”

Oil sector in shambles – APC stakeholders write Tinubu, seek removal of Kyari, 2 others

  • Related Posts

    Taraba Councillors Set To Impeach LG Boss

    Taraba Councillors Set To Impeach LG Boss The legislative council of Takum local government area of Taraba state has set up a five member panel to investigate impeachment offences earlier labeled against the executive chairman of the council Hon. John Ali. The 5 member panel was constituted on Thursday after deliberations by the legislative council over the impeachment notice which was served

    Gov Buni’s Policies Eradicating Poverty In Yobe, APC Woman Leader Claims

    Gov Buni’s Policies Eradicating Poverty In Yobe, APC Woman Leader Claims Yobe South All Progressive Congress Zonal Women leader, Hajiya Fatima Umar Mairiga, has said the Yobe State Governor, Hon Mai Mala Buni, is eradicating poverty in the state through his economic policies. Fatima, disclosed this during an interview with LEADERSHIP in her residence in Damaturu, the Yobe state Capital, while commending the state governor for

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Bitget Debuts First-ever RWA Index Perpetuals 

    NNPC under attack but transformation will continue, says GCEO Ojulari 

    Nigeria’s Bosun Tijani joins Elon Musk, Sam Altman on TIME100 AI list

    Agusto & Co. projects 19% profit fall for Nigerian banks in 2025

    Agusto & Co. projects 19% profit fall for Nigerian banks in 2025

    Dangote, Ethiopia sign agreement to build $2.5 billion fertiliser plant

    Dangote, Ethiopia sign agreement to build $2.5 billion fertiliser plant

    FG to begin second round of integrated vaccination in 11 high-risk states, Sept 11–14

    FG approves lifetime salary benefits for retiring service chiefs – Interior Minister 

    Nigeria’s excess crude account now $535,823 – Wale Edun

    Nigeria’s excess crude account now $535,823 – Wale Edun

    We are under attack at NNPC – Ojulari

    We are under attack at NNPC – Ojulari

    FG denies signing agreement with ASUU, describes document as draft

    Femi Otedola lists Nairametrics as his number one finance news source 

    International politics: Nigeria’s proposition in evolving global trade and investment

    T2 signs multi-million-dollar deal with Huawei to modernize core network across Nigeria 

    Nigeria must grow GDP by 10% annually to achieve $1 trillion economy – Minister 

    Become a key distribution partner with Nigeria’s dairy leader

    Top 15 African countries with highest no of millionaires’ worth $1M and above in 2025 

    Top 10 insurance policies Nigerians should consider in 2025

    Breaking: Nigeria Immigration Service increases international passport fee to N100,000, effective September 1 

    Dangote signs $2.5 billion deal to build fertilizer plant in Ethiopia 

    International Energy Insurance settles ¥1.85 billion loan through Norrenberger 

    Shea Butter Ban: Industry experts split over Tinubu’s six-month export suspension

    Nigeria’s cheap stocks in 2025: Bargains or traps? 

    Access Holdings Appoints Innocent Ike Group CEO, Commends Agbede’s Leadership

    Stablecoins to drive business transactions in Nigeria within three years, Zabira predicts 

    Access Holdings appoints Innocent Ike as new GMD/CEO as Aig-Imoukhuede consolidates control  

    The hidden cost of USSD: How Nigerians are losing money to failed bank transactions 

    Petrobras considers new deep-water investment opportunities in Nigeria, says NNPCL 

    Stabilising the Economy and Going Forward

    Popoola Harps on Opportunities, Investment Flows Amid Tinubu Visits to Brazil

    Customs Hands Over Seized Expired Pharmaceutical Products to NAFDAC

    FG Keen on Data Governance, Intensifies Efforts to Protect Nigeria’s Cyberspace through Legislative BillEmma Okonji

    Impact Report: Nigeria’s Telecoms Reforms Unlock Billions in Investment

    Leadway Health HMO Wins Award

    Expert: Digitisation Key to Africa’s Sustainable Facilities Management

    School Launches TETFund Blackboard Learning Management System

    LG Launches Intelligent Home Entertainment Products