Bayo Ojulari, the Group Managing Director of the Nigerian National Petroleum Company (NNPC), has reportedly resigned from his position. According to sources, Ojulari was abducted by officials from the Economic and Financial Crimes Commission (EFCC) and the State Security Service (SSS) on Friday night and forced to sign a resignation letter.
Key Details:
- Resignation Circumstances: The abduction and forced resignation are attributed to Ojulari’s alleged refusal to succumb to pressure from Olatimbo Ayinde, a British-Nigerian oil businesswoman with significant influence in the Tinubu administration.
- Allegations Against Ojulari: He was accused of mismanaging company funds and involvement in fraudulent dealings, including a controversial trip to a Kigali oil and gas conference that reportedly cost millions of dollars.
- Presidential Involvement: Sources suggest President Bola Tinubu was not aware of the operation, describing it as a “coup d’état”.¹ ²
Reactions:
- The NNPC has not issued an official statement on the development.
- Ojulari’s resignation has sparked conversations about leadership and accountability within the NNPC.³ ⁴
