Group alleges scandal in NNPCL ₦3tn fuel importation

Former Group Managing Director of NNPC, Mele Kyari

Group alleges scandal in NNPCL ₦3tn fuel importation

The Coalition for Economic Liberation and Transformation (CELT) has alleged a staggering ₦3 trillion fuel importation fraud involving the Nigerian National Petroleum Company Limited (NNPCL) and its business partners.

Speaking at a press conference in Abuja on Friday, November 15, CELT’s Executive Director, Henry Owolabi, criticised NNPCL’s Group CEO, Mele Kyari, for favouring fuel imports over domestic refining.

Between October 1 and November 11, Nigeria imported 1.5 million metric tonnes of premium motor spirit, 414,018 metric tonnes of diesel, and 13,500 metric tonnes of aviation fuel.

Owolabi condemned this practice, citing the Dangote Refinery’s capacity to process 650,000 barrels of oil daily as a viable alternative.

“Kyari’s deliberate sabotage of our refineries is criminal,” Owolabi asserted, adding that the importation exacerbates Nigeria’s currency challenges.

READ ALSO:

CELT claimed Kyari’s actions undermine President Bola Tinubu’s policies aimed at strengthening the naira through domestic crude sales to local refineries.

“This irresponsible importation compromises the naira and disrespects the President’s efforts to stabilise the economy,” Owolabi said.

The coalition urged the Central Bank of Nigeria (CBN) to halt further payments for fuel imports, demanding regulatory scrutiny into the financial and quality aspects of imported fuel.

“Kyari and his cronies should source their own foreign exchange if they insist on importing what we can produce locally,” CELT declared.

Calling for Kyari’s dismissal, CELT emphasised the need for transparency and accountability in NNPCL operations. The group also advocated prioritising domestic refining to ensure energy security, reduce costs, and promote economic growth.

“This scandal is a wake-up call for the government to invest in functional refineries and redirect funds towards critical sectors like healthcare and education,” Owolabi concluded.

Group alleges scandal in NNPCL ₦3tn fuel importation

Trends Admin

Next 13 Nigerian girls rescued from traffickers in Ghana »

Previous « Lagos announces closure of popular bridge in Apapa for 97 days

Share

Published by

Trends Admin

Tags: Featuredfuel importationNNPCLscandal

1 year ago

Recent Posts

International

Hajj 2026: US Warns Citizens Over Travel Risks to Saudi Arabia

Hajj 2026: US Warns Citizens Over Travel Risks to Saudi Arabia The United States Embassy…

5 hours ago

International

Thousands Return to Al-Aqsa Mosque After 40-Day Closure

Thousands Return to Al-Aqsa Mosque After 40-Day Closure Thousands of Muslim worshippers gathered at the…

5 hours ago

International

Trump Slams Iran Over Strait of Hormuz as Middle East Ceasefire Talks Stall

Trump Slams Iran Over Strait of Hormuz as Middle East Ceasefire Talks Stall US President…

6 hours ago

metro

Man Admits Stabbing Wife 22 Times in Front of Four Children

Man Admits Stabbing Wife 22 Times in Front of Four Children A 56-year-old man, Momodou…

6 hours ago

International

Melania Trump Denies Epstein Links, Calls for Public Hearings for Survivors

Melania Trump Denies Epstein Links, Calls for Public Hearings for Survivors Melania Trump has denied…

6 hours ago

Sports

CAF President Denies Corruption Claims Over AFCON Senegal–Morocco Controversy

CAF President Denies Corruption Claims Over AFCON Senegal–Morocco Controversy The President of the Confederation of…

6 hours ago

L