The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has raised a serious alarm, stating that his life and the lives of his management team are under threat.
He attributed these dangers to the significant reforms he is implementing within the nation’s oil and gas sector.
Ojulari made this disclosure while addressing a delegation from the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) at the NNPC headquarters in Abuja.
He explained that his mandate from President Bola Tinubu is to revive the country’s dormant refineries, a task that has upset powerful vested interests profiting from the old system. According to him, these elements are now orchestrating a campaign to remove him from his position.
The NNPC boss detailed that the company’s internal reviews revealed the refineries were incurring massive monthly losses between $300 million and $500 million.
To create a sustainable solution, he proposed adopting a partnership model similar to the one used by the Nigeria LNG, which would involve collaborating with a professional refinery company to ensure future profitability and avoid continued financial drain.
Ojulari confirmed that the push for transparency and efficiency has triggered a wave of coordinated attacks, including numerous petitions sent to the Economic and Financial Crimes Commission (EFCC).
Despite the intimidation, he remained resolute, assuring staff that the reforms are designed to secure the company’s future and will not threaten their jobs but instead create new opportunities and training for a modernised operation. Ojulari projected that within two to three years, at least one of the nation’s refineries would be fully operational.
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cc: Daily Post NG
