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Tinubu sacks NNPCL GCEO,Mele Kyari, reconstitutes board, appoints new Chairman, GCEO

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By George Mgbeleke
President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari.

Mallam Mele-Kolo Kyari

In a statement by Special Adviser to the President(Information & Strategy),Bayo Onanuga and made available to the media on Wednesday, President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari.
“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.
“Adedapo Segun, who replaced Umaru Isa Ajiya as the chief financial officer last November, has been appointed to the new board by President Tinubu.
“Six board members, non-executive directors, represent the country’s geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.
“President Tinubu 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 Said Ahmed will represent the Ministry of Petroleum Resources.
“All the appointments are effective today, April 2.”
According to the statement,”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.
“President Tinubu 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 to attract investment. Last year, NNPC reported $17 billion in new investments within the sector. The administration now envisions increasing the investment to $30 billion by 2027 and $60 billion 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.
“Furthermore, President Tinubu expects the new board to elevate NNPC’s share of crude oil refining output to 200,000 barrels by 2027 and reach 500,000 by 2030.
“The new board chairman, Ahmadu Musa Kida, is from Borno State. He is an alumnus of Ahmadu Bello University, Zaria, where he received a degree in civil engineering in 1984. He also obtained a postgraduate diploma in petroleum engineering from the Institut Francaise du Petrol (IFP) in Paris,
“He started his career in the oil industry at Elf Petroleum Nigeria and later joined Total Exploration and Production as a trainee engineer in 1985.”
Continuing the statement noted, “Musa became Total Nigeria’s Deputy Managing Director of Deep Water Services in 2015. Last year, he became an Independent Non-Executive Director at Pan Ocean-Newcross Group.
“Apart from his oil industry career, Ahmadu Musa Kida is a former basketballer and the president of the Nigerian Basketball Federation(NBBF) board.
“Ojulari, the new NNPC Limited Group CEO, hails from Kwara State. Until his new appointment, He was Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company. His Renaissance recently led a consortium of indigenous energy firms in the landmark acquisition of the entire equity holding in the Shell Petroleum Development Company of Nigeria (SPDC), worth $2.4 billion.
“Like Kida, Ojulari is also an alumnus of Ahmadu Bello University, Zaria. He graduated with a degree in Mechanical Engineering. He worked for Elf Aquitaine as the first Nigerian process engineer to begin a stellar career in the oil sector. From Elf, he joined Shell Petroleum Development Company of Nigeria Ltd in 1991 as an associate production technologist.
“Apart from working in Nigeria, he worked in Europe and the Middle East in different capacities as a petroleum process and production engineer, strategic planner, field developer, and asset manager. In 2015, he became the managing director of Shell Nigeria Exploration and Production Company (SNEPCO).
“During his career, he was chairman and member of the board of trustees of the Society of Petroleum Engineers (SPE Nigerian Council) and a fellow of the Nigerian Society of Engineers.
“President Tinubu thanked the old board members for their dedicated service to NNPC Limited, particularly their efforts in rehabilitating the old Port Harcourt and Warri refineries, which enabled them to resume petroleum product production after prolonged shutdowns. He wished them well in their future endeavours.”

Politics

SDP Moves To Consolidate Reforms Ahead Of 2027 Elections

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National Chairman of SDP, Prof Sadiq Gambo(middle) Dr Olu Agunloye, Nat. Secretary(left) Senator Ugochukwu Uba, Nat. Vice Chairnan(Right)

By Our Correspondent

The Social Democratic Party, SDP, has expressed commitment to party unity, internal reforms and preparations for the 2027 general election after its second National Executive Committee (NEC) meeting in Abuja Thursday.

National Chairman, Professor Sadiq Gombe, said the party had made significant progress within four months by holding two NEC meetings, conducting its National Convention, electing Prince Adewole Adebayo as its presidential candidate, conducting primary elections and strengthening its structures across the country.

He praised INEC for its cooperation and said the party remained committed to the rule of law, insisting the SDP had no faction and that disciplinary actions against former officials followed due process.

Professor Gombe urged members to remain united and strengthen grassroots mobilisation ahead of the 2027 elections.

In his remarks, the National Secretary of the party, Dr. Olu Agunloye, said the party had reviewed its structures, updated its constitution, improved its membership register and introduced new administrative procedures to strengthen accountability.

He added that the next phase of reforms would focus on building strong polling unit structures and training polling agents ahead of future elections.

Also speaking, Vice National Chairman South of the party, Senator Ugochukwu Uba urged members to remain united, saying the party’s manifesto focuses on the welfare and security of Nigerians.

In his goodwill message, Mr. Solomon Akwashiki also expressed confidence that the SDP would win more elective positions in 2027.

Chairman of the SDP State Chairmen Forum, Femi Olaniyi, urged party leaders to strengthen structures at the state, local government and ward levels, while encouraging voter registration, PVC collection and membership drives.

In her vote of thanks, the National Woman Leader, Saadatu Abdullahi called for greater participation of women in the party’s leadership and decision-making, noting that she had previously proposed the inclusion of state and zonal women leaders in the National Executive Committee.

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Senate Approves Lafarge Sale to Huaxin, Says No Security Risk

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President of the Senate, Godswill Akpabio

By Our Correspondent

The Senate, on Thursday at plenary approved the sale of Lafarge Cement Plc to Hainan Huaxin Pan-African Investment Company Plc, saying the transaction poses no immediate national security risk to Nigeria.

The approval followed the adoption of the report of the Senate Ad hoc Committee on the sale of Lafarge, presented by Chairman and Senate Minority Leader, Sen. Abba Moro (Benue South).

Moro said the committee found no security threat in the deal and urged all relevant regulatory agencies to maintain strict oversight to ensure compliance with Nigerian laws.

The Committee recommended that the parties must comply with due process and “all Nigerian extant laws on the subject” in finalising the transaction.

Recall that the Senate Committee on Capital Market had probed the sale in December 2025 over concerns about Lafarge’s ownership structure and Nigeria’s stake in the company.

An adhoc committee chaired by Moro was later set up to conduct a deeper review of the process.

According to the report approved on Thursday, much of the controversy surrounding the sale arose from a misconception that Lafarge was wholly owned by Nigeria.

The committee clarified that the transaction is a transfer from one foreign ownership to another, as Lafarge itself is a foreign firm selling to Huaxin.

“As such, this transaction will not affect the investment of Nigerian public investors in the company,” the report stated.

It added that the integration of foreign investment through the deal was “an economic necessity and strategic initiative that aligns with national development goals.”

The committee also confirmed that key regulatory bodies including the Securities and Exchange Commission, SEC, and the Corporate Affairs Commission, CAC, had reviewed the transaction for compliance.

It further disclosed that the 16.19 per cent shares held by Nigerians in Lafarge remained intact despite the change in ownership.

The report noted that concerns over foreign dominance in the cement sector were unfounded, as Lafarge currently holds only about 18 per cent of the market share.

Deputy Senate President, Sen. Jibrin Barau, who presided, commended the committee for a “comprehensive and well-articulated” report that clarified all issues.

“The information is well put together and well understood. This matter has now been put to rest,” Barau said

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City Boy Movement Poised to Ensure Maximum Victory for Tinubu in 2027 – Akpabio

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President of the Senate, Godswill Akpabio (middle) flanked by principal officers of the Senate and his guests the City Boys

By Our Correspondent

The President of the Senate, Godswill Akpabio has said that the City Boy Movement is posied to ensure maximum victory for the re-election of President Bola Ahmed Tinubu in 2027.

Addressing a delegation of the City Boy Movement during a courtesy visit to his office on Wednesday, Akpabio commended the commitment and patriotism exhibited by the group whose primary mission is to ensure Tinubu is back in office for a second tenure as President in 2027.

Akpabio remarked that “The City Boy Movement is like a wind blowing across the nation. You may not see it but you can feel it. Every political party in Nigeria is already feeling the impact of the City Boy Movement.

“Never again shall we have a situation in any polling unit in Nigeria where Mr President will not have an agent because we have the City Boy Movement.

“In the last election, if your Movement had existed, many of our votes that were not counted in many polling units would have been counted.

“I want you to have it in mind that you have come up at the right time and l do know that you are all poised to ensure maximum victory come 2027.

“Know that while you are doing all these and you are going round the country mobilising, sensitising the populace, the voters, educating them, other political parties are sleeping. They are not doing the same.

“But when the victory of President Bola Ahmed Tinubu will be announced, you will hear people saying it is rigged. That they did this, they did that. Ignore all those things and remain focused.

“This is now your turn to shape your future. This is your turn to take the lead on how Nigeria should go. I know that as you campaign for the President, you are also learning and acquiring knowledge on how to mobilise and campaign for yourselves in future.

“So what l will say is that, we are with you. The Senate of the the Federal Republic of Nigeria is pleased with the youths of this country who have decided to tow the right path.

“We are mindful of the fact that some youths, as a result of cultism and drug abuse, have fallen aside and are misguided. We are mindful of that.

“But when they say “build the youths,” because they are the future of the nation, l also want to urge “maintain the elders,” because they are the people today that God has given wisdom to.”

Quoting from a Philosopher, Akpabio who is also the Grand Patron of the Movement offered some advice to members of the group and to the Nigerian youths in general: “It is not a tragedy when a nonentity whimpers through life and ends up a failure in the grave. But it is a tragedy when a potentially achieving young man or woman, out of a flaw in his or her character becomes a failure and ends up in the grave.

“Where you are now, you are privileged to work for the future of your country. You are privileged to tow the right path that has nothing to do with cultism or terrorism.

“You are privileged to chart the path of the next administration. You are also privileged to belong to the incoming government of Asiwaju Bola Ahmed Tinubu in 2027. It will be a tragedy for any of you to derail. We assure you that here we are 100 percent with you.”

Earlier, the Director-General of the City Boy Movement, Francis Shoga said the visit was an opportunity to strengthen collaboration between lawmakers and the Movement.

“We seek your continued guidance and support as we expand our programmes across the country, deepen civic engagement among the young Nigerians and contribute meaningfully to national development,” Francis said.

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