MY APPEARANCE BEFORE THE SENATE COMMITTEE ON PUBLIC ACCOUNTS
Today, I appeared before the Senate Committee on Public Accounts to address issues arising from the audit of the Nigerian National Petroleum Company Limited (NNPC Ltd) and provide clarifications on matters relating to my tenure as Group Managing Director of NNPC and subsequently Group Chief Executive Officer of NNPC Limited.
I appreciate the opportunity provided by the Senate to present my explanations, respond to concerns raised in the audit report and place certain issues in their proper context.
At the heart of my presentation was the need to correct certain misconceptions and misinformation surrounding the financial records of the company, particularly the allegation that N210 trillion was lost under my leadership.
I stated unequivocally before the committee that no such funds were lost. The figure arose from accounting entries and bookkeeping descriptions, not the disappearance or loss of money. I provided explanations on the relevant entries and reaffirmed my readiness to offer any additional clarification the committee may require.
I also addressed the N2.99 billion expenditure relating to the incorporation of NNPC Limited. I explained that the amount represented statutory payments to the Federal Inland Revenue Service and the Corporate Affairs Commission in connection with the company's incorporation. The issue, as I clarified, relates to the accounting treatment and responsibility for the payment under the provisions of the Petroleum Industry Act, rather than any improper expenditure.
Beyond these specific issues, I considered it important to reflect on the institutional reforms undertaken during my tenure.
When I assumed leadership of NNPC in 2019, one of my foremost priorities was to establish a stronger framework for transparency, accountability and institutional responsibility. I firmly believed that a public institution entrusted with the nation's resources must be accountable to the people, who are its ultimate stakeholders.
In pursuit of this objective, we took the unprecedented decision to publish the company's financial statements, making its financial records publicly accessible for the first time in its 43-year history.
We understood that transparency would expose the company to greater scrutiny, criticism and public debate. However, we believed that public scrutiny was essential to building a stronger institution. Indeed, the disclosures generated constructive discussions, recommendations and internal reforms that helped improve operational efficiency, strengthen accountability and drive cost-saving measures.
These efforts contributed to a significant improvement in the company's financial performance, moving from a loss position to sustained profitability. I am particularly pleased that the accountability structures established during our tenure have been sustained by the current management, with encouraging financial results.
The reforms also took place within the broader transformation of Nigeria's petroleum industry following the enactment of the Petroleum Industry Act and further galvanized by Mr President’s policy interventions. We worked to implement the policy decisions of the Federal Government and the National Assembly, including the transition towards a market-based petroleum products regime.
During this period, we also witnessed increased investment in the oil and gas sector, the advancement of strategic gas infrastructure projects and the deepening of the downstream petroleum industry. These developments are important to the country's energy security, economic growth and long-term investment prospects.
I remain proud of the opportunity to have served NNPC and contributed to the transformation of an institution that is central to Nigeria's economic development.
From all of us at NNPC Limited, Happy Eid al-Fitr!
May this festive season inspire strength, unity, and sustained success in all your endeavours.
Eid Mubarak!
#EidMubarak#EnergyForToday#EnergyForTomorrow
He was a senior brother who chose to stand beside me as a friend someone whose presence brought comfort, reassurance, and quiet courage in difficult moments.
May Allah forgive his shortcomings, shower him with endless mercy, expand his grave with light, and grant him the highest place in Jannatul Firdous.
He will be deeply missed, forever remembered, and always prayed for.
Ya Allah Have Mercy on his gentle soul and grant him Jannah.
Dr. Bello Suleiman lived with a gentle soul, a kind heart, and a life that touched many more deeply than he probably ever knew. His legacy will remain in the lives he uplifted, the smiles he inspired, and the goodness he spread.
Five Years: Beyond AKK Steel and Strategy, Meet Japheth Charima
Five years of early mornings, dusty boots, long stretches away from home, and the resolve it takes to stay the course on a project bigger than any team or person.
When people talk about the AKK (Ajaokuta-Kaduna-Kano) Gas Pipeline project, they often talk about steel, kilometers, capacity, and national impact. All important aspects. All true.
But visiting Ajaokuta for the first time and standing over Kilometer Zero, what stayed with me were the people and how they connected to something, GCEO, Engr. Bashir Bayo Ojulari said with so much conviction that it became a chant:
“The safety of every staff. No matter the level. Is more important than the pipeline.”
For those of us listening, it sounded like compassionate leadership.
For those who have been on the ground, working this project from inception, like Japheth J. Charima, it sounded like a lived experience.
Japheth is from Lau Local Government Area in Taraba State. He joined NNPC in 2003 and has spent over two decades building technical depth across Nigeria and beyond, from Taraba and Benue to classrooms in the UK, US, and construction sites across Europe.
Today, he serves as Project Manager of the AKK Gas Pipeline and Deputy Project Manager for the African Atlantic Gas Pipeline (AAGP). These roles make him responsible for engineering assurance, disciplined risk and HSE management, schedule and cost control, contractor and consultant oversight, and ensuring full alignment with NNPC Ltd.’s gas commercialisation strategy, national energy security objectives, and economic development mandate.
Suffice it to say that Japheth is an asset to the company and the projects he oversees. He says the GCEO’s safety message deeply resonated with him because when he arrives on site each day, safety is not just a slogan on a wall.
AKK cuts through mountains and valleys, floodplains and farmlands, fragile ecosystems and living communities. Therefore, the strict HSE controls, environmental safeguards, and security protocols are not bureaucratic hurdles. They are daily reminders that progress must never come at the expense of people.
“That’s what makes the work matter...Every decision must balance delivery with the safety of our teams and the protection of the environment,” he said.
Therein lay the proof of the GCEO’s words.
Because this project has not been easy. It demands long hours, discipline, and resilience under challenging conditions. There are technical complexities. There are huge security risks. And the potential for people not returning home. These realities sharpen the meaning of leadership that insists no milestone is worth a life.
Yet for Japheth, working on AKK is deeply personal and worth every gruelling experience.
“As a Nigerian engineer, contributing to infrastructure that will strengthen energy security, enable industrial growth, and support Nigeria’s transition to cleaner energy is deeply meaningful…and driven by the understanding that this project will outlive all of us and serve generations to come,” he said.
That is why safety is non-negotiable here. It’s why leadership clarity matters. And why, after five years, the people of NNPC are still showing up in Ajaokuta carefully, committed, and resolutely. In spite of. Regardless of. Because of.
This is exactly how national infrastructure is built.
Not just with steel and strategy, but with people who know that the most important asset on any project is the human life standing beside the pipeline.
#HumansOfNNPC
PHOTO NEWS
Minister Ekpo Visits Kilometre Zero of the AKK Pipeline
...Commends NNPC Limited, Partners for Pace of Work
The Honourable Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, accompanied by the Group Chief Executive Officer, NNPC Limited, Engr. Bashir Bayo Ojulari, and the Company's Executive Vice President (Gas, Power, and New Energy), Olalekan Ogunleye, on Thursday, toured the starting point of the landmark Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline Project.
The Minister noted that upon completion, the pipeline network will deliver economic opportunities, boost power supply, and drive national industrialisation, ushering in a new era of energy and economic security for Nigeria.
Speaking during the visit, the GCEO of NNPC Limited, Engr. Ojulari linked the project to tangible national development, reflecting on Nigeria’s industrial heritage while projecting a future resurgence driven by gas as a transition fuel through the AKK Pipeline.
The visit further reinforces the Federal Government's and NNPC Limited's commitment to the timely delivery of the Project, which has strategic national importance for the country.
#AKKGasPipeline
#EnergyForToday
#EnergyForTomorrow
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Shugaban kamfanin mai na Najeriya, NNPCL, Bashir Bayo Ojulari ya shaida wa BBC cewa nan da ɗan lokaci, kamfanin zai ci gaba da haƙo ɗanyen mai a arewacin Najeriya.
Mista Bayo ya kuma sha alwashin kawo ƙarshen rashin jituwa tsakanin NNPCL da kamfanin mai na Dangote.
PUBLIC ANNOUNCEMENT
NNPC Limited is delighted to announce the successful conclusion of its recruitment exercise, which was conducted with utmost fairness, transparency, and rigor, and is highly regarded as one of the best in the country.
Following this completion, successful candidates will be receiving their appointment letters.
We express our sincere gratitude to all applicants who participated in the process. We are hopeful that those who were not selected this time will look forward to future opportunities with NNPC Limited.
We continue to uphold our commitment to excellence and equal opportunity in our hiring processes as we strive to build a world-class energy company.
Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja
February 17, 2025
A Documentary - 5 Mini LNG Plants in Ajaokuta, Kogi State
NNPC Limited is taking an important step from gas to prosperity, catalysing Nigeria’s economic growth. Together, we are shaping a sustainable energy future for Nigeria.
The 5 Mini LNG Plants include PRIME LNG, NGML/Gasnexus LNG, BUA LNG, Highland LNG, and LNG Arete.
#DecadeofGas
#EnergyforToday
#EnergyforTomorrow
Tracking the Barrels: How NNPC Ltd's PMCC is Transforming Hydrocarbon Operations and Boosting Production
1. Centralized Monitoring and Real-Time Tracking: The NNPC Ltd Production Monitoring Command Centre (PMCC) consolidates data from all operators, providing a unified and real-time view of hydrocarbon production and transport. This ensures prompt identification of anomalies and minimizes unplanned disruptions.
2. Enhanced Decision-Making: By leveraging advanced analytics and integrating data, the PMCC equips stakeholders with actionable insights, enabling proactive planning, risk management, and improved operational efficiency.
3. Effective Maintenance Planning: The PMCC supports predictive and preventive maintenance, ensuring asset reliability and reducing downtime through coordinated tracking of maintenance activities.
4. Collaboration and Communication: The PMCC fosters seamless collaboration among stakeholders by providing a secure platform for data sharing and communication, enhancing problem-solving and operational efficiency.
5. Increased Revenue and Efficiency: By minimizing downtime and improving integrated planning, the PMCC contributes to increased production and revenue, benefiting all stakeholders in the oil and gas value chain.
#TrackingTheBarrels
#EnergyforToday
#EnergyforTomorrow
SEEING IS BELIEVING- PH REFINERY
Today, I was opportune to visit Port Harcourt Refinery to have firsthand experience on the operations of the refinery which commenced operation last month after about 3 years of intensive rehabilitation exercise.
1. The Refinery is a subsidiary of the Nigerian National Petroleum Company Limited, @nnpclimited and is located in Alesa-Eleme, few miles from Port Harcourt, Rivers State. The petrochemical complex consists of 2 different refineries, the Old PH Refinery, commissioned in 1965 with a nameplate capacity of 60,000 barrels per stream day (bpsd) and the New PH Refinery, commissioned in 1989 with a nameplate capacity of 150,000 bpsd bringing the combined capacity to 210,000 bpsd.
2. After years of underperformance due to operational challenges and inadequate maintenance, NNPCL, under the able leadership of the GCEO, Mele Kyari, @MKKyari, initiated a comprehensive rehabilitation of the refineries in 2021. This effort resulted in the successful restart of the 60,000-bpsd hydroskimming refinery on November 22nd, 2024. As of November 26, 2024, the refinery was operating at 70% of its nameplate capacity, producing premium motor spirit (PMS), automotive gas oil (AGO), household kerosene (HHK), low-pour fuel oil and liquefied petroleum gas (LPG).
3. We were taken round the entire facility and I was excited about this particular rehabilitation project because almost all the pumps, instruments, valves, cables, flow meters, pipes, control equipment, tubes and cases have been completely replaced making almost brand new facility unlike ordinary rehabilitation projects where just few things are replaced.
4. The refinery currently produces the following daily outputs:
PMS- 1.4m liters
Kerosene: 900,000 liters
AGO or Diesel-1.5m liters
Low Pour Fuel Oil (LPFO): 2.1m liters
Loading was ongoing with about 5 of the loading gantries actively loading due to the upcoming holiday.
5. We also seized the opportunity to go round and see the ongoing rehabilitation of the New Refinery (150,000 bpsd) which is about to be completed with more than 90% of the major work completed.
6. The revival of this refinery is one of the best things that happened to Nigerians because it has brought about competition in the market which impacted significantly on the price. The price today is N935/L nationwide for Dangote Refinery product and even N925 in some cases for NNPCL product. This is a direct benefit to hardworking Nigerians who are only interested in powering their activities with scarce resources.
7. History will be kind to Buhari who initiated the project, President Bola Tinubu who ensured continuity and completion and also the NNPCL under the able leadership of Mele Kyari for their huge contribution to energy security and nation building.
8. Thanks to the team of Engineers onsite for the warm reception and education.
9. God bless Nigeria 🇳🇬