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In a dramatic twist that shook Nigeria’s oil sector over the weekend, the Presidency has reaffirmed Bayo Ojulari as the Group Chief Executive Officer of NNPCL, debunking widespread reports of his arrest and forced resignation by anti-graft operatives.
Rumors circulated late Friday night that Ojulari had been allegedly coerced into signing a resignation letter during a covert operation reportedly led by EFCC Chairman, Ola Olukoyede, and DSS Director-General, Adeola Ajayi. According to these reports, the operation took place without prior clearance from the Presidency — sparking a wave of confusion and speculation across social media and political circles.
However, in a swift response, Presidential spokesperson Bayo Onanuga cleared the air, stating unequivocally that Ojulari remains the head of NNPCL and that no such resignation was tendered or accepted. He described the reports as “false, mischievous, and completely unfounded.”
The Economic and Financial Crimes Commission (EFCC) also weighed in, condemning the allegations as "ridiculous" and urging the public to ignore the narrative. The commission insisted that no arrest or forced resignation occurred, calling it a deliberate attempt to mislead Nigerians.
Meanwhile, Ojulari is currently facing heat from civil society groups over alleged financial misconduct involving a staggering $21 million scandal. Protesters have called for his immediate prosecution, storming key national offices including the National Assembly and EFCC headquarters. On the flip side, other stakeholders have come out in his defense, crediting him with pushing reforms within the NNPCL.
As the dust settles, Nigerians are left watching closely: Is this a power tussle within the oil sector, or a deeper issue of accountability and reform?
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