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BREAKING: President Tinubu Reshuffles NNPCL Leadership, Appoints New GCEO and Board Members
President Bola Ahmed Tinubu has dismissed Mele Kyari as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL) and appointed Engr. Bashir Bayo Ojulari as his replacement. Ahmadu Musa Kida has also been named the new non-executive chairman of the board.
Additionally, Tinubu has sacked all board members appointed alongside Akinyelure and Kyari in November 2023. Adedapo Segun, who became Chief Financial Officer (CFO) last year, has been retained on the newly restructured board.
New Board Composition
The newly appointed board consists of six non-executive directors representing Nigeria’s geopolitical zones:
Bello Rabiu (North West)
Yusuf Usman (North East)
Babs Omotowa (North Central)
Austin Avuru (South-South)
David Ige (South West)
Henry Obih (South East)
Mrs. Lydia Shehu Jafiya, Permanent Secretary of the Federal Ministry of Finance, will represent the ministry, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.
Objectives of the Restructured Board
President Tinubu emphasized that the restructuring aims to enhance operational efficiency, restore investor confidence, boost local content, drive economic growth, and advance gas commercialization and diversification.
The new board has been tasked with the following objectives:
Conduct a strategic portfolio review of NNPCL’s operated and joint venture assets to align with value maximization goals.
Increase oil sector investments from $17 billion (2023) to $30 billion by 2027 and $60 billion by 2030.
Raise daily oil production to 2 million barrels by 2027 and 3 million barrels by 2030.
Boost gas production to 8 billion cubic feet per day by 2027 and 10 billion cubic feet per day by 2030.
Expand NNPCL’s share of crude oil refining output to 200,000 barrels daily by 2027 and 500,000 barrels by 2030.
Profiles of Key Appointees
Ahmadu Musa Kida – New Board Chairman
Ahmadu Musa Kida, from Borno State, holds a degree in civil engineering from Ahmadu Bello University, Zaria, and a postgraduate diploma in petroleum engineering from the Institut Francais du Petrol (IFP) in Paris.
He began his oil industry career at Elf Petroleum Nigeria before joining Total Exploration and Production in 1985. In 2015, he became Deputy Managing Director of Deep Water Services at Total Nigeria. In 2023, he was appointed as an Independent Non-Executive Director at Pan Ocean-Newcross Group. Outside the oil industry, he served as president of the Nigerian Basketball Federation (NBBF).
Bashir Bayo Ojulari – New GCEO
Ojulari, from Kwara State, was formerly the Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company. He led the recent $2.4 billion acquisition of Shell Petroleum Development Company of Nigeria (SPDC) by a consortium of indigenous energy firms.
A mechanical engineering graduate from Ahmadu Bello University, Zaria, Ojulari started his career at Elf Aquitaine and later joined Shell Petroleum Development Company of Nigeria in 1991. He worked in various roles across Europe and the Middle East as a petroleum process and production engineer, strategic planner, field developer, and asset manager. In 2015, he was appointed Managing Director of Shell Nigeria Exploration and Production Company (SNEPCO).
Ojulari has also served as chairman and trustee of the Society of Petroleum Engineers (SPE Nigerian Council) and is a fellow of the Nigerian Society of Engineers.
Acknowledgment of Outgoing Board Members
President Tinubu expressed gratitude to the outgoing board members for their service, particularly their contributions to rehabilitating the Port Harcourt and Warri refineries, which have resumed petroleum production after prolonged inactivity. He wished them success in their future endeavors.
The restructuring underscores Tinubu’s commitment to transforming Nigeria’s oil and gas sector, with ambitious goals for increased production and investment.

News
Wole Olanipekun, Taiwo Oyedele Urge South-West Governors to Maximise Tinubu Presidency for Regional Growth
Senior Advocate of Nigeria (SAN), Wole Olanipekun, and Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, have called on South-West governors and political leaders to fully leverage President Bola Tinubu’s administration to drive accelerated development across the region.
The duo made the call on Monday in Akure, Ondo State capital, while speaking at a public lecture organised as part of activities marking the 50th anniversary of Ondo State’s creation.
They stressed that the South-West must prioritise massive investments in infrastructure, industrialisation, and economic reforms during Tinubu’s tenure to secure long-term regional prosperity.
Olanipekun cautioned that the political advantage of having a South-West president is temporary, noting that President Tinubu’s tenure will come to an end after his second term in 2031.
According to him, the region must act decisively within this window to strengthen its economic base and ensure sustainable development beyond the current administration.

News
BREAKING: Malami Tells Court He Earned ₦12bn+ Legitimately, Seeks Release of Seized Properties
Former Attorney-General of the Federation, Abubakar Malami (SAN), has disclosed details of his earnings while asking a Federal High Court in Abuja to set aside an interim order authorising the seizure of 57 properties allegedly linked to him.
Malami made the disclosure through his counsel, Joseph Daudu (SAN), in a motion on notice filed before the court. The application seeks to vacate an interim forfeiture order affecting three of the 57 properties currently under investigation by the Economic and Financial Crimes Commission (EFCC).
According to the court filing, Malami stated that he had fully and transparently declared his sources of income in his asset declaration submitted to the Code of Conduct Bureau (CCB).
The document outlined multiple income streams, including:
₦374.63 million earned from salaries, estacodes, severance allowances, and related entitlements.
₦574.07 million generated from the disposal of personal assets.
₦10.01 billion recorded as turnover from private business ventures.
₦2.52 billion issued as loans to various businesses.
₦958 million received as traditional gifts from personal friends.
₦509.88 million realised from the launch and public presentation of his book titled “Contemporary Issues on Nigerian Law and Practice: Thorny Terrains in Traversing the Nigerian Justice Sector – My Travails and Triumphs.”
Malami’s legal team argued that the declared earnings sufficiently explain the source of funds used to acquire the properties in question, urging the court to lift the interim seizure order.
The matter remains pending before the Federal High Court as the EFCC continues its forfeiture proceedings.



News
MAN Urges Federal Government to Stop NAFDAC’s Sachet Alcohol Ban, Warns of ₦1.9 Trillion Loss
The Manufacturers Association of Nigeria has appealed to the Federal Government to restrain the National Agency for Food and Drug Administration and Control from proceeding with its ban on alcoholic beverages packaged in sachets and small PET bottles, warning of catastrophic economic consequences.
In a statement issued by Director-General Segun Ajayi-Kadir, MAN described NAFDAC’s renewed enforcement action as detrimental to indigenous industrial operators and fundamentally inconsistent with earlier government directives.
The manufacturers’ body emphasized that NAFDAC’s recent move directly contradicts the House of Representatives resolution dated March 14, 2024, which specifically restrained the agency from implementing the punitive ban following comprehensive stakeholder consultations through a public hearing.
“Rather than abiding by the generally agreed resolution, NAFDAC bided its time and chose to rely on a resolution of the Senate that was devoid of the usual stakeholders’ engagement,” Ajayi-Kadir stated, noting that operators now face confusion over conflicting directives from different arms of government.
MAN warned that enforcing the ban would devastate Nigeria’s manufacturing sector, threatening over ₦1.9 trillion in existing investments and triggering the retrenchment of more than 500,000 direct employees alongside approximately five million workers in the indirect value chain.
The association cautioned that the restriction would paradoxically undermine public health by creating market opportunities for illicit, substandard and unregulated products beyond the control of regulatory authorities.
“This is counterproductive as it will open up the market for illicit, sub-standard, and unregulated products. It will lead to an influx of imported alternatives, mostly smuggled. It will deny the government of revenues collectable from the companies,” Ajayi-Kadir declared.
The manufacturers’ group emphasized that alcohol served in sachets by local producers is manufactured under hygienic conditions and certified by regulatory agencies including NAFDAC itself, making the ban particularly contradictory.
MAN also challenged the untested assertion that sachet alcohol drives underage consumption, citing credible and empirical research that contradicts this claim. The industry has independently invested over ₦1 billion in nationwide media campaigns promoting responsible alcohol consumption and discouraging underage abuse.
The association stressed that banning certified products would deny adult consumers with limited budgets access to regulated alcoholic beverages while simultaneously depriving the government of substantial tax revenues.
Food, Beverages and Tobacco Senior Staff Association and National Union of Food, Beverages and Tobacco Employees have joined MAN in opposing the ban, demanding that NAFDAC provide empirical evidence that sachet alcoholic beverages are being consumed by children.
Labor unions have called for the suspension of NAFDAC Director-General Professor Mojisola Adeyeye, accusing her of siding with multinational companies to undermine local manufacturers.
However, NAFDAC has maintained its position, with Adeyeye insisting that enforcement is backed by law following the Senate’s unanimous resolution setting a December 2025 deadline that has now passed.
The NAFDAC chief argued that the proliferation of high-alcohol-content beverages in sachets has made such products easily accessible, affordable and concealable, contributing to widespread misuse and addiction among minors and commercial drivers.
“This public health menace has been linked to increased incidences of domestic violence, road accidents, school dropouts, and social vices across communities,” Adeyeye stated, describing the ban as protective rather than punitive.
In contrast, civil society organization Socio-Economic Rights and Accountability Project has approached the Federal High Court in Lagos seeking injunctive orders to prevent the Federal Government from interfering with NAFDAC’s statutory powers to enforce the ban.
SERAP argues that continued circulation of sachet alcohol violates the National Health Act 2014, the NAFDAC Act and international commitments under the World Health Organization’s Global Strategy to Reduce Harmful Use of Alcohol.
The legal and economic battle over sachet alcohol highlights deeper tensions between public health regulation, economic survival and stakeholder consultation in Nigeria’s policymaking process, with no clear resolution in sight as multiple court cases and regulatory actions unfold simultaneously.
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