News
NNPC Reacts to Atiku’s Allegations of Plan by Tinubu to Mortgage Nigeria’s Future via OVH Deal
Published
2 years agoon
By
News Editor
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reacted to allegations made by former Vice President Atiku Abubakar, accusing President Bola Tinubu of attempting to mortgage Nigeria’s future through the acquisition of OVH Energy by NNPC Ltd.
In a statement titled “OVH Acquisition: The Facts, by NNPC Ltd,” the company denied any personal interest by President Tinubu in the acquisition.
NNPC Ltd stated that investment decisions are based on commercial viability and national interest, and provided facts to counter Atiku’s allegations.
The company said that it is a commercially focused and profit-driven entity, managed by professionals committed to adding value to the nation. NNPC Ltd also clarified that the acquisition of OVH Energy was done without any interest from Wale Tinubu or President Tinubu.
The full text of the statement is as follows:
PRESS RELEASE
OVH Acquisition: The Facts, by NNPC Ltd
The attention of NNPC Ltd. has been drawn to a press release signed by Mr. Paul Ibe, a Media Adviser to the former Vice President, Alhaji Atiku Abubakar.
In the statement, the former Vice President was quoted to have lamented “the criminal hijack of the NNPC by corporate cabals around the current President”.
He was also quoted to have listed the retention of Mr. Mele Kyari as the Group Chief Executive Officer of NNPC Ltd as a compensation for the alleged acquisition of NNPC Retail Ltd. by OVH in which he claimed Mr. Wale Tinubu held 49% stake.
He further alleged that the NNPC Retail Ltd—OVH acquisition deal was part of a grand scheme by President Bola Ahmed Tinubu to integrate his personal business interests into Nigeria’s public enterprises at the federal level.
NNPC Ltd. wishes to set the records straight with the following facts:
1. We are a commercially-focused and profit-driven company managed by professionals who are committed to adding value to the nation.
2. Investment decisions by NNPC Ltd. Management are strictly determined on the basis of commercial viability and national interest.
3. At the time NNPC Ltd. acquired OVH in 2022, Oando (in which Mr. Wale Tinubu has equity interest), had fully divested its equity in OVH to the other partners – Vitol and Helios. Oando actually began its divestment in 2016, with Vitol and Helios coming in as equity partners, leading to the change of name from Oando to OVH. In 2019, Oando fully divested its equity interest in OVH resulting in Vitol and Helios holding 50% equity interests, respectively.
4.Upon acquisition of OVH by NNPC Ltd, both NNPC Retail Ltd. and OVH effectively became subsidiaries of NNPC Ltd. However, based on professional advice and sound commercial considerations, NNPC Ltd. opted to merge NNPC Retail Limited into OVH, and thereafter retain NNPC Retail Limited as the company name post-merger.
5. The first step of merging NNPC Retail Ltd. into OVH has been completed and the post-merger renaming as NNPC Retail Ltd. is ongoing.
6. Contrary to the false alarm raised, neither Wale Tinubu nor the President has any interest in the OVH acquisition.
7. As a businessman, the former Vice President should know that effectiveness in business leadership is best measured by balance sheets and bottom lines rather than pedestrian considerations.
8. The management of NNPC Ltd., under the leadership of Mr. Mele Kyari, has done very well in growing the company’s fortunes as shown in the 2023 Audited Financial Statement (AFS), where it reported N3.3 trillion as profit after tax.
9. NNPC Ltd. as a commercial entity is devoid of political interest and shall continue to conduct its business full of commitment to national interest and value creation for the benefit of all stakeholders. NNPC Ltd. shall resist any attempt to draw its Board and Management into partisan politics.
Olufemi Soneye Chief Corporate Communications OfficerNNPC Ltd.Abuja
22 August, 2024
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News
43 Feared Dead as Illegal Fuel Siphoning Turns Fatal in Rivers Community
Published
1 week agoon
September 3, 2026By
News Editor
OKRIKA, Rivers — What began as an overnight attempt by hundreds of youths to siphon petroleum products from an illegal pipeline connection has ended in tragedy, with at least 43 people feared dead in Okrika Local Government Area of Rivers State.
The incident occurred around midnight on Thursday at Okari Jetty in Okrika Mainland, leaving families searching for loved ones and the community grappling with the scale of the disaster.
Community sources said more than 200 youths from neighbouring communities arrived at the jetty in wooden boats and attempted to collect petroleum products from an illegally connected tapping point on a pipeline linked to the facility.
The operation reportedly turned deadly after the youths were exposed to concentrated fumes while loading the product into waiting boats.
Several people reportedly lost consciousness. Some fell into the river and drowned, while others managed to escape and are receiving treatment for respiratory complications.
Of the 43 people reportedly dead, 37 have been identified as indigenes of Okrika, while six others remain unidentified. Several people are also still unaccounted for.
The incident has left relatives and community members facing the painful task of searching for missing family members and identifying those who died.
Blessing Agabe, spokesperson for the Rivers State Police Command, confirmed the incident and said investigations were underway to determine the circumstances surrounding the deaths and establish the actual number of casualties.
Fyneface Fyneface, Executive Director of the Youths and Environmental Advocacy Centre (YEAC-Nigeria), said the victims were allegedly involved in an illegal operation at a tapping point on a pipeline transporting petroleum products from the Indorama Eleme Petrochemicals area through the Port Harcourt refinery corridor to export vessels.
According to him, the victims were loading the product into waiting boats while a vessel was receiving supplies from the pipeline.
Fyneface described the incident as a major warning about the dangers associated with tampering with oil and gas infrastructure and illegal bunkering activities in the Niger Delta.
YEAC-Nigeria has called on the National Oil Spill Detection and Response Agency (NOSDRA) to conduct a joint investigation into the incident and determine what led to the deaths.
The organisation also urged operators of oil and gas facilities to strengthen security around critical infrastructure to prevent vandalism and unauthorised access.
Beyond the immediate investigation, Fyneface called for stronger measures to reduce the economic pressures that drive young people into dangerous activities, including the creation of alternative livelihood opportunities, industrial development programmes and other sustainable economic initiatives across the Niger Delta.
For families in Okrika, however, the immediate concern is more personal: finding missing relatives, identifying the dead and coming to terms with a tragedy that has claimed dozens of lives in a single night.
News
Uber Exits Nigeria After 12 Years, Cites Changing Business Priorities
Published
2 weeks agoon
September 2, 2026
Global ride-hailing giant Uber has ended its ride-hailing operations in Nigeria, bringing its 12-year presence in the country to a close.
Uber announced the decision on Wednesday, September 2, 2026, saying it would wind down its operations in Nigeria following a review of its business priorities and investment focus across Africa.
The company, which launched its service in Lagos in 2014, said the decision takes effect immediately.
“After a thorough review, we have taken the difficult decision to wind down operations in Nigeria and Uganda, effective September 2, 2026,” Uber said in a statement.
Uber stressed that the decision is limited to Nigeria and Uganda and does not represent a withdrawal from the wider African market.
The company said it remains committed to Sub-Saharan Africa, which it described as a region with strong growth prospects and long-term opportunities.
Why Uber is leaving Nigeria
Uber attributed its Nigerian exit to its “evolving business priorities and investment focus across the continent.”
The company said it was concentrating investments on markets where it could create the greatest value for drivers by providing earning opportunities at scale while allowing passengers to move around seamlessly.
Uber did not cite regulatory difficulties in Nigeria as the reason for its withdrawal.
The company also specifically denied that its decision was linked to a recent directive by the Federal Airports Authority of Nigeria (FAAN) concerning e-hailing operations at Nigerian airports.
“No,” Uber said when asked whether the FAAN directive was responsible for its decision.
FAAN had recently clarified that it had not imposed a blanket ban on e-hailing services at Nigerian airports, explaining that discussions with operators were focused on establishing an appropriate framework for their operations within airport premises.
Drivers, riders affected
Uber said its immediate priority is supporting drivers, riders and employees affected by the shutdown.
The company said it is communicating directly with affected stakeholders about the implications of the decision and arrangements for the transition.
Uber has operated in Nigeria for more than a decade, expanding beyond Lagos to several cities, including Abuja, Port Harcourt, Ibadan, Enugu, Kano and other major urban centres.
Its departure is expected to reshape Nigeria’s increasingly competitive ride-hailing market, where operators compete for passengers and drivers amid rising operating costs and evolving regulatory requirements.
End of an era
Uber’s exit marks the end of a significant chapter in Nigeria’s digital transport industry.
The company helped popularise app-based ride-hailing in the country after launching in Lagos in 2014, offering passengers an alternative to conventional taxi services and creating new earning opportunities for thousands of drivers.
Its withdrawal also comes at a time when ride-hailing companies across Africa are reassessing their operations and investment strategies.
Uber previously withdrew from Côte d’Ivoire in 2025 and ended operations in Tanzania in January 2026, reflecting the challenges global mobility platforms can face in adapting their business models to individual African markets.
For Nigerian passengers and drivers, however, the immediate question is what Uber’s departure will mean for competition, fares, driver earnings and service availability.
While Uber is leaving Nigeria, the company maintains that its broader commitment to Sub-Saharan Africa remains intact.
The exit therefore represents a strategic withdrawal from the Nigerian market rather than a retreat from Africa, according to the company.
News
Kogi Information Perm Sec Pledges Support for NUJ Chapel, Urges Journalists to Uphold Trust
Published
2 weeks agoon
September 2, 2026
The newly appointed Permanent Secretary, Kogi State Ministry of Information and Communications, Mr. Awulu Tijani David, has pledged his full support to information officers in the state, stressing that effective information management remains critical to the success of government and its policies.
Awulu Tijani made the commitment on Wednesday, September 2, 2026, when the leadership of the Nigerian Union of Journalists (NUJ), State Information Chapel, led by its Chairman, Mr. Solomon Musa, paid him a courtesy visit at his office in Lokoja to formally introduce the newly elected executives of the chapel.
The Permanent Secretary, who described the position of leadership as a privilege and a responsibility entrusted to individuals by the people, urged the new NUJ Information Chapel leadership to justify the confidence reposed in them by members.
He advised the executives to remain accountable, trustworthy and committed to the welfare and professional advancement of members, noting that records of every person entrusted with responsibility would eventually speak for them.
“People trusted and elected you. It is my prayer that you succeed better than those who have been there before you,” he said, while assuring the chapel of his willingness to work with the new leadership for the advancement of the information profession in Kogi State.
Awulu particularly emphasised the strategic importance of information officers to government, describing them as the “eyes” of the Ministry of Information and Communications and key players in communicating government policies, programmes and achievements to the public.
According to him, the success of the ministry is closely tied to the effectiveness of its information officers, stressing that the leadership of the ministry must provide the necessary support and working environment for them to perform optimally.
“If the Ministry of Information does not do whatever it will take to make the information officers work well, then what are we here for? You are the eyes of the Ministry of Information. Without you, the ministry cannot do anything,” he stated.
The Permanent Secretary also encouraged the chapel leadership to always communicate its needs and challenges to his office, assuring them that issues within his capacity would receive prompt attention, while matters requiring higher-level intervention would be referred appropriately.
He said his door would remain open to members of the chapel, describing the ministry as their own home and urging them not to hesitate to approach him whenever they required his intervention.
“This is your office; it is your home. Whenever you need the office to intervene, call on me. I don’t know everything that you do, and I am not a journalist; I am an administrator. That is why I need people to advise me,” he said.
Awulu further noted that his appointment as Permanent Secretary should be seen as a privilege rather than a position that places him above others, stressing that any member of the service could attain similar responsibility in the future.
He also commended the Chairman of the NUJ Information Chapel, Mr. Solomon Musa, whom he described as a humble and experienced professional who understands the demands of the information business.
He assured the chapel that he would support programmes that would contribute to the professional development and welfare of information officers, urging the leadership to formally present its proposals for consideration.
Earlier, the Chairman of the NUJ State Information Chapel, Mr. Solomon Musa, said the visit was aimed at formally introducing the newly elected executives to the Permanent Secretary as the Chief Accounting Officer of the Ministry and to seek his support and that of the ministry for the chapel’s activities.
Musa introduced the new executives, including the Vice Chairman, Mrs. Olajumoke Ajani, a State Information Officer with the Ministry of Local Government and Chieftaincy Affairs; Secretary, Miss Gloria Amodu, State Information Officer with the Ministry of Works; Treasurer, Mr. Salau Ibrahim of SEMA; Financial Secretary, Mrs. Mariam Tenimu, State Information Officer with the Ministry of Environment; and Auditor, Mr. Abah Benjamin Eneojoh Treasure, State Information Officer at Government House.
He said the new leadership had come into office with a commitment to strengthen unity, professional development and collaboration among information officers across ministries, departments and agencies.
Musa also appealed for the ministry’s continued support for the chapel’s annual professional and social programme, which brings together serving and retired information officers, including former Permanent Secretaries and Directors who had served in the information sector.
He recalled that the inaugural edition of the programme held last year provided an opportunity for retired senior officers to share their experiences with younger information officers, describing the engagement as an avenue for knowledge transfer and mentorship.
According to him, the chapel intends to make this year’s edition bigger and more impactful, with plans to incorporate activities including a visit to an orphanage, sporting activities and professional lectures designed to strengthen the capacity of members.
He also sought the support of the ministry for the enrolment of chapel members into the Nigerian Institute of Public Relations (NIPR), noting that the proposal had previously been discussed with the relevant authorities.
The chapel’s Auditor, Mr. Abah Benjamin Eneojoh, further appealed to the Permanent Secretary to accept the role of a fatherly figure and strategic partner to the chapel, stressing that the support of the ministry’s leadership would be critical to the success of its programmes.
Eneojoh emphasised the need for government to continue strengthening State Public Relations Officers and other information professionals, noting that adequately supported information officers would be better positioned to effectively communicate government policies and achievements to the people.
He commended the Commissioner for Information and Communications, Hon. Kingsley Femi Fanwo, for what he described as his consistent support for the activities of the chapel and his commitment to the rebranding and repositioning of Kogi State through effective communication.
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