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BREAKING: Tinubu Sacks NNPCL Board , Replaces Mele Kyari with Bashir Ojulari as Group CEO

The new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman,” the statement reads.Adedapo Segun, who replaced Umaru Ajiya as the chief financial officer last November, has been appointed to the new board.

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President Bola Tinubu has sacked Mele Kyari as the group chief executive officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited and dissolved the board.

Consequently, the President appointed Bashir Ojulari as the new CEO, effective from April 2, 2025.

Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, revealed the development in a statement he signed in the early hours of Wednesday titled, ‘President Tinubu reconstitutes NNPC limited board, appoints new Chairman, Group CEO.’President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023.

The new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman,” the statement reads.Adedapo Segun, who replaced Umaru Ajiya as the chief financial officer last November, has been appointed to the new board.

Six board members, non-executive directors, represent the country’s geopolitical zones.

They are Bello Rabiu representing the North West, Yusuf Usman representing the North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas, who represents North Central.“

President Tinubu also appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as a non-executive director from the South East.“Mrs Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Ahmed will represent the Ministry of Petroleum Resources,” Onanuga stated.

All the appointments are effective today, April 2.

President Tinubu, invoking the powers granted under Section 59, subsection 2 of the Petroleum Industry Act, 2021, emphasised that the board’s restructuring is crucial for enhancing operational efficiency, restoring investor confidence, boosting local content, driving economic growth, and advancing gas commercialisation and diversification.

He also handed out an immediate action plan to the new board “to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximisation objectives.

”Since 2023, the Tinubu administration has implemented oil sector reforms.Onanuga said that in 2024, NNPC reported $17bn in new investments within the sector.

“The administration now envisions increasing the investment to $30bn by 2027 and $60bn by 2030.

“The Tinubu administration targets raising oil production to two million barrels daily by 2027 and three million daily by 2030.

“Concurrently, the government wants gas production jacked to 8 billion cubic feet daily by 2027 and 10 billion cubic feet by 2030,” he explained.

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FG Immortalizes Buhari renaming UNIMAID after him

UNIMAID will now be known as Muhammadu Buhari University, Maiduguri.

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President Bola Ahmed Tinubu on Thursday announced that the University of Maiduguri would be renamed in honour of the late leader, Muhammadu Buhari.

UNIMAID will now be known as Muhammadu Buhari University, Maiduguri.

Presiding over the FEC session, President Tinubu delivered a stirring tribute, celebrating Buhari’s life as one defined by discipline, moral fortitude, and unwavering patriotism.

He described Buhari not as a perfect man—no leader is—but as a good, decent, and honourable man.

While acknowledging that Buhari’s record, like all legacies, will be subject to debate, Tinubu insisted that the character he brought to public life, the moral force he carried, and the incorruptible standard he represented will not be forgotten.

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JUST IN: Court Frees 24 IPOB Members After Four Years of Detention

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A high court in Ebonyi State has ordered the release of 24 members of the Indigenous People of Biafra (IPOB) after they were held in detention for four years.

The ruling on Thursday marks a significant development in the ongoing legal proceedings involving the group.

The 24 IPOB members were discharged and acquitted by Justice I. P. Chima of Ebonyi State High Court.

It was gathered that they were among the last batch of the IPOB detainees out of the 36 held since May 4 2020.

Meanwhile, their lawyer and human rights activist, Ifeanyi Ejiofor, confirmed their freedom in a statement titled, “Justice Delayed, But Never Denied.”

According to him, the ruling followed the preliminary objection which highlighted the brazen violation of their fundamental rights: particularly the constitutionally guaranteed protection against double jeopardy, enshrined under Section 36(9) of the 1999 constitution of the Federal Republic of Nigeria (as amended).

Ejiofor said the sacred principle, “autrefois acquit”, stipulates that no person shall be tried again for an offence in respect of which they have previously been acquitted.

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JUST IN: NIMASA closes two terminals in Lagos over ISPS Code violations

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Lagos State officials of the Nigerian Maritime Administration and Safety Agency, NIMASA, have sealed off ShellPlux and TMDK terminals, situated in the Ijegun-Egba area of the state, over repeated violations of the International Ship and Port Facility Security, ISPS, Code.

The action, announced on Thursday by NIMASA’s Head of Public Relations, Osagie Edward, stems from the agency’s responsibility as Nigeria’s designated authority for enforcing the ISPS Code, which was developed under the International Maritime Organisation, IMO, as part of amendments to the SOLAS Convention.

The code is designed to strengthen security protocols for ships and port facilities engaged in international commerce.

Edward stated that the shutdown followed consistent failure by the two terminals to comply with ISPS Code requirements, despite multiple formal warnings issued over time.

“This enforcement action is in line with global maritime security standards and conforms with Section 79(f) of the ISPS Code Implementation Regulations, 2014, which permits the closure of non-compliant facilities that remain in breach for more than three consecutive months,” he stated.

Commenting on the enforcement, NIMASA Director General, Dr Dayo Mobereola, noted that the agency resorted to the measure only after exhausting all other options.

“Our intervention is not punitive but necessary to protect Nigeria’s maritime assets.

As we work closely with the United States Coast Guard to improve Nigeria’s compliance status and remove existing conditions of entry for vessels, lapses like these cannot be ignored,” Mobereola said.

He emphasized that both facilities play vital roles in trade facilitation and would be reopened once they demonstrate full compliance with ISPS standards.

Mobereola also reiterated the commitment of the Minister of Marine and Blue Economy, Adegboyega Oyetola, to ensuring the growth of a secure, efficient, and sustainable maritime environment that supports international trade.

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