News
Trouble looms for Kyari, ex-NNPC boss *Fingered in unholy multi-billion dollar deals
Trouble is currently knocking on the door of Mele Kyari, former Managing Director and Chief Executive Officer (MD-CEO) of the Nigerian National Petroleum Company (NNPC) Limited, following allegations of soiling his hands in some smelly multi-billion dollars deal in office.
Concerned Citizens Against Corruption (CCAC), which is leading the current campaign to investigate the former boss of the nation’s main oil company, is insisting that he must not be allowed to go home without answering questions on some of the deals, particularly that of a $2billion debt to Matrix Energy currently being serviced through daily crude oil allocations.
Coming less than a month after President Bola Tinubu sacked him and his management from their jobs, the group took its campaign to the office of Lateef Fagbemi (SAN), the Attorney General of the Federation and Minister of Justice (AGF-MoJ), demanding Kyari’s investigation and the prosecution.
Kabir Matazu, Convener of the group, who led the delegation, wants the probe to extend to the five years Kyari was in office, expressing disappointment that despite his sack by the President, on April 2, 2025, no steps had been taken to investigate the alleged corrupt practices against him.
He said: “It is on record that the removal of the erstwhile corrupt leadership of the NNPCL was widely applauded by Nigerians, especially groups like ours that have been at the forefront of demanding accountability and transparency in the management of institutions.
“It is also notable that Kyari’s leadership of the NNPCL was plagued by numerous allegations of corruption due to a lack of transparency. Nigerians are disillusioned that the President has only stopped at removing the former leadership without initiating steps to investigate Kyari and his team’s management of the organisation.
“A key issue is the alleged fraud surrounding the rehabilitation and recommissioning of government-owned refineries. The figures and facts simply do not add up.
“In addition to the billions of dollars claimed to have been spent on refinery repairs, Kyari’s administration also alleged that Matrix Energy Limited invested $400m in rehabilitating the Port Harcourt Refinery, even though the Federal Executive Council approved $1.5bn for the same facility.
“More perplexingly, the NNPCL is now reportedly indebted to Matrix Energy by over $2bn. This debt is being serviced through daily crude oil allocations to Matrix Energy, for which no payments are being made.
“This situation raises urgent questions: Why and how is the Federal Government, through the NNPCL, indebted to Matrix Energy for $2bn? Why is the debt being serviced with daily crude oil supplies? Who were the parties involved in negotiating this deal? Why are Nigerians being kept in the dark about these agreements?
“An investigation into these questionable transactions would help the government identify funds that need to be recovered and from whom, especially considering Nigeria’s dire economic condition. Furthermore, such an investigation would ensure that the current leadership is held accountable and avoid repeating the mistakes of the past.”
Charging the AGF to immediately review all agreements entered into by the NNPCL during Kyari’s administration, the group, added: “This investigation should uncover the Federal Government’s financial losses and recommend actionable steps to recover these funds. We demand an immediate judicial review.”
After months of official hiatus, the Federal Government, on Tuesday finally got on the way with the trial of those fingered in the alleged plot to oust President Bola Ahmed Tinubu through a coup, including Timipre Sylva, former Minister of State for Petroleum.
The move, which apart from the former Governor of Bayelsa State, came with the filing of a 13-count charge before the Federal High Court, Abuja, against the alleged plotters including Mohammed Ibrahim Gana, a retired General in the Nigerian Army, Erasmus Ochegobia Victor, a retired Naval Captain, Ahmed Ibrahim, a serving police inspector, Zekeri Umoru, Bukar Goni, and Abdulkadir Sani.
Sylva, whose name surfaced as one of the plotters when the news first broke and believed to be the major financier of what would have led to another military government in Nigeria after the last ended in 1999, was listed as being at large – on the run.
The charge, filed on Monday by the Office of the Attorney-General of the Federation and signed by the Director of Public Prosecutions, Rotimi Oyedepo (SAN), accuses the defendants of offences ranging from alleged treason and terrorism to failure to disclose security intelligence and money laundering linked to terrorism financing.
The prosecution alleged that the defendants conspired in 2025 “to levy war against the state to overpower the President of the Federal Republic of Nigeria”, an offence punishable under Section 37(2) of the Criminal Code.
The Federal Government further alleged that the defendants had prior knowledge of a planned treasonable act involving one Colonel Mohammed Alhassan Ma’aji and others, but failed to alert authorities.
Furthermore, the defendants were also accused, according to the charge, of, while “knowing that a treasonable act was intended to be committed, did not give information thereof with all reasonable despatch to either the President… or a peace officer.”
They were also accused of failing to take preventive steps and “did not use any reasonable endeavours to prevent the commission of the offence”.
Beyond treason, the defendants are facing terrorism-related charges of conspiracy under the Terrorism (Prevention and Prohibition) Act, 2022, as they “conspired with one another to commit an act of terrorism in the Federal Republic of Nigeria”.
Inspector Ahmed Ibrahim and Zekeri Umoru were specifically accused of attending meetings linked to the alleged plot “in a bid to further a political ideology which may seriously destabilise the constitutional structure of the Federal Republic of Nigeria.”
The charge also accused the defendants of providing support for terrorism, alleging that they “knowingly and indirectly rendered support” to facilitate acts of terror.
The prosecution alleged deliberate suppression of intelligence, stating that the defendants “had information which would be of material assistance in preventing the commission of the act of terrorism but failed to disclose the information to the relevant agency as soon as practicable”.
Financially, several defendants were accused of handling funds linked to terrorism financing, in violation of the Money Laundering (Prevention and Prohibition) Act, 2022.
Bukar Kashim Goni allegedly “indirectly retained the aggregate sum of N50,000,000, which forms part of the proceeds of an unlawful act, to wit: terrorism financing”, while Abdulkadir Sani allegedly retained N2m from a similar source.
According to the charge, Zekeri Umoru “without going through a financial institution accepted a cash payment of the sum of N10,000,000″ and also retained an additional N8.8m suspected to be proceeds of terrorism financing.
Inspector Ahmed Ibrahim was also accused of taking possession of “the sum of N1,000,000, being part of proceeds of terrorism financing”.
Alleged Coup Plot, Protests
After the Federal Government cancelled the parade to mark Nigeria’s 65th independence anniversary on October 1, 2025, reports had claimed that the move was linked to an alleged coup attempt.
The Defence Headquarters (DHQ) dismissed the claims, however, saying the parade cancellation had nothing to do with the alleged coup attempt.
In January 2026, the DHQ confirmed that there was an attempt to overthrow President Tinubu.
The DHQ Director of Defence Information, Samaila Uba, said investigations showed some military personnel were involved in the alleged coup plot.
According to Uba, the officers have been detained and would be arraigned before military judicial panels.
Last month, families of the military officers detained over the alleged coup plot appealed to Tinubu to allow the suspects to be tried in an open court.
Human rights activist Omoyele Sowore protested alongside the detained officers’ families. They also asked for access to the alleged coup plotters.
From the seat of the Presidency, came what indicates a clear and open support for the camp in the African Democratic Congress (ADC) fighting David Mark, National Secretary and Rauf Aregbesola, National Secretary, respectively.
The signal came from Femi Gbajabiamila, Chief of Staff (CoS) to President Bola Tinubu, who practically threw his weight behind Leke Abejide, one of the arrowheads wedging the war that could see the main opposition party in Nigeria not presenting a candidate for next year’s presidential election.
Against the backdrop of allegations that Aso Rock has been fuelling the various crises in the major political parties, Gbajabiamila, former Speaker of the House of Representatives and a key ally of President Bola Tinubu, all but clearly stoked the fire by egging the Kogi lawmaker on to launch a fiercer onslaught against the Mark leadership.
Urging Abejide, who had sworn that he would do everything to ensure Tinubu’s re-election not to leave the ADC, through which he won his election to the National Assembly in 2023, but to stay back and fight rather than exiting the party, the ex-Speaker praised him for his resilience so far.
Abejide, who on his own, has thrown his weight behind Nafiu Bala, former Deputy National Chairman of the ADC, now laying claims to Mark’s position was one of those sacked at the convention organised by the Mark group last week.
But Gbajabiamila, who used the Kogi lawmaker’s birthday celebration on Monday to announce his support publicly, while hailing his political trajectory and resilience, including winning his election under the ADC – a relatively less-fancied platform in 2023.
His words: “For a man to contest in a place like Kogi, under a relatively unknown party, and win back-to-back elections, it tells you who that man is. You did not only secure re-election but also helped expand the party’s influence by bringing in other candidates. You’re a committed party man and a fighter.
“My charge to you is to stay in that same party. Fight them. Scatter them. Hold on to your party. Do not abandon them. We like what you are doing. Hold on to your party. Do not abandon it. Continue what you are doing. Win your election there. Nobody can take your party away from you.”
After the hammer from the Mark group, alongside Kingsley Temitope, Obinna Norman, Kennedy Odiong, and Stella Chukwuma, over the allegation of anti-party activities, Abejide dismissed his sack as null and void, coming from a “suya convention.”
President Bola Tinubu and others interested in the presidential ticket of the All Progressives Congress (APC) will have to cough out a whopping N100million as fee for the nomination form of the ruling party.
This is coming as the party released details of its scheduled presidential primary election billed for May 15 and 16, 2026, as part of preparations for the 2027 general elections.
Sulaiman Argungu, National Organising Secretary, who released the details of the activities of the party ahead of the nomination for the 2027 polls on its official X handle, including the sale of forms, screening of aspirants, appeals, and primary elections across all elective positions, said informed that the forms go on sale from April 25 to May 2, while the submission deadline was fixed for May 4.
The statement said screening of aspirants would commence on May 6 and end on May 8, with the publication of results slated for May 11 and appeals scheduled for May 12 to 13.
The primaries for the House of Representatives will be held on May 18, the Senate on May 20, State Houses of Assembly on May 21, and the governorship on May 23.
The party pegged the total cost of forms for presidential aspirants at ₦100 million, comprising ₦30 million for the expression of interest and ₦70 million for nomination.
Governorship aspirants are to pay ₦50 million, while fees for the Senate, House of Representatives, and State Assembly vary.
“Female aspirants, youth and physically challenged aspirants are to pay for the expression of interest and 50 per cent of the prescribed nomination fees for each position,” it added.
In the statement, the APC said the timetable was issued in line with the Constitution of the Federal Republic of Nigeria, the Electoral Act 2026, and the guidelines of the Independent National Electoral Commission (INEC).
The party reaffirmed its commitment to conducting “credible and transparent primary elections” to strengthen internal democracy.
As of the time for filing this report, no member of the APC has formally declared interest in contesting the presidency.
Some APC leaders and key affiliations of the party have, however, endorsed President Bola Tinubu for re-election.
Although Tinubu has not publicly or officially declared his intention to run for a second term, he had last week dismissed the speculation that he was scared of the opposition ahead of the elections.
BREAKING: FG opts for open court trial of coup plotters against Tinubu
ADC: Fight, scatter them! *Presidency goads Kogi lawmaker on Mark’s leadership
Presidency: Tinubu, others to pay N100million for APC nominations
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