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We won’t sell P’Harcourt refinery, we’ll revive it – NNPCL
Contrary to earlier indications that the four refineries owned by the Nigerian National Petroleum Company Limited (NNPCL), would be put on the shelf soon, the company, seems to be thinking twice about the move.
Bayo Ojulari, Group Managing Director and Chief Executive Officer (GMD-CEO), had in an interview with Bloomberg, recently, hinted that many options were before now being considered as the future fate of the company, including outright sell-off.
But in definite statement, capturing the new thinking, the NNPCL boss, told reporters at its corporate headquarters in Abuja that the decision not to dispose it was because doing so would lead to further value erosion.
The decision is coming against the grain of arguments from industrial stakeholders including Aliko Dangote, owner of the $20billion Dangote Refinery and Petrochemicals (DRP), the first privately-owned refinery in Africa, with the reputation of hosting the world’s largest single-chain refining capacity.
Dangote While hosting members of the Global CEO Africa from the Lagos Business School, after a tour of the 650,000-capacity refinery in Lekki, Lagos, spoke of how a whopping $18billion had been wasted on the attempt to revive the NNPCL refineries over the years without any positive results, adding that the situation could remain so.
Recounting how he had to embark on building his own facility from the scratch after the government of late President Umar Yar’adua aborted his acquisition of the government refineries he stated how his own company now had over 50 per cent of its output dedicated to Premium Motor Spirit (petrol), saying that even government refineries committed just 22 per cent of their production to petrol.
Recalling how he and his team had to return the refineries to Yar’adua, a few months after former President Olusegun Obasanjo left office in 2007, because the former managers of the refinery had told the late former President that his predecessor sold the facilities below their costs as a parting gift to him, he maintained that the decision of the government to abort the deal was wrong.
“The refineries that we bought before, which were owned by Nigeria, were doing about 22 per cent of PMS. We bought the refineries in January 2007. Then we had to return them to the government because there was a change of government.
“And the managing director at that time convinced Yar’adua that the refineries would work. They said they just gave them to us as a parting gift or so. And as of today, they have spent about $18bn on those refineries, and they are still not working. And I don’t think, and I doubt very much if they will work.
“(The turnaround maintenance) is like you trying to modernise a car that was built 40 years ago, when technology and everything have changed. Even if you change the engine, the body will not be able to take the shock of that new technology engine,” he stated.
Obasanjo had in 2024 toed the same line of argument, stating that the NNPC was aware that it could not operate the refineries, adding that international oil companies like Shell once refused to run the facilities when he requested them to do so.
“I ran to him (Yar’Adua), I said, ‘You know this is not right’. He said, ‘Well, NNPC said they can do it.’ I said, ‘NNPC cannot do it,’ I told my successor that ‘the refineries, from what I heard and know, will not work and when you want to sell them, you will not get anybody to buy them at $200m as scrap’. And that is the situation we are in.
“So, why do we do this kind of thing to ourselves? NNPC knew that they could not do it, but they knew they could eat and carry on with the corruption that was going on in NNPC. When people were there to do it, they put pressure. In a civilised society, those people should be in jail. I was told not too long ago that since that time, more than $2billion have been squandered on the refineries and they still will not work.
“If a company like Shell tells me what they told me, I will believe them. If anybody tells you now that it (the refinery) is working, why are they now with Aliko (Dangote)? And Aliko will make his refinery work; not only make it work, he will make it deliver. The refineries’ performance is lie a farmer who planted 100 heaps of yam but falsely claimed to have planted 200. They say that after he has harvested 100 heaps of yams, he will also have 100 heaps of lies. You know what that means,” he said.
However, the NNPCL, appears unfazed by the prevailing arguments of the stakeholders, even after spending $1.5 billion on the rehabilitation of the 210,000 barrels per day Port Harcourt Refinery, with Ojulari, suggesting that the mistake was to operate the facility before it was fully completed.
In 2021, the Federal Government had awarded a $1.5 billion contract to Marie Technimont, an Italian company, for the rehabilitation of the refinery, with Mele Kyari, its former GMD-CEO, saying in December 2023, that the refinery had reached 88 per cent completion and was scheduled for full operation after a mechanical completion by the end of the year.
After a long wait without much progress the company’s boss returned in November 2024, with another claim that had commenced production only for the story to change despite the huge fanfare that heralded the earlier claim when, in May 2025, the NNPCL management, now under Ojulari, announced a shutdown of the facility for another maintenance.
Suggesting that it was a mistake to have started production when the facility was not ready, the new NNPCL boss, told reporters, that a review showed that the decision was ill-informed.
Against the backdrop of reports that Dangote was also making a pitch to acquired the company, Ojulari, maintained that the facility was not for sale, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant.
A statement from the parley, quoted him as saying: “The ongoing review indicates that the earlier decision to operate the Port Harcourt refinery, before full completion of its rehabilitation, was ill-informed and sub-commercial.
“Although progress is being made on all three, the emerging outlook calls for more advanced technical partnerships to complete and high-grade the rehabilitation of Port Harcourt refinery. Thus, selling is highly unlikely as it would lead to further value erosion.
“The decision to retain the refinery was received with applause from hundreds of staff attendees who described the position as a renewed sense of business-focused direction across the organisation.
“The town hall served as more than a performance update; it was an opportunity for candid and constructive engagement. The Executive Vice Presidents presented progress reports from the Upstream, Downstream, Finance, Business Services, Gas, Power, and New Energy businesses, highlighting operational achievements, ongoing reforms, and areas requiring attention.
“In a tone marked by honesty and leadership, challenges and earlier missteps were acknowledged, and a clear roadmap was outlined for the journey ahead. The announcement reinforces NNPC’s mandate as a strategic custodian of national energy infrastructure and reflects a firm resolve to deliver on the complete rehabilitation and long-term viability of Nigeria’s refineries.
‘’It also signals continuity in the Federal Government’s broader energy security objectives and a commitment to retaining critical assets under national control.
“Feedback during and after the session revealed a workforce energised and aligned with the leadership’s vision. “Described as reassuring, transformational, and “sustainable, the atmosphere reflected an optimistic outlook among employees and hopefulness about the company’s evolving strategic direction.”
Hours after Justice Mohammed Umar of the Federal High Court, Abuja, ordered issued a bench warrant for the arrest Adeniyi Adeyemi, the controversial Director General of the Presidential Foreign Intervention Promotion Council (PFIPC), is currently in the custody police authorities.
Pictures and videos of embattled PFIPC boss being questioned in what appeared an interrogation session, surfaced on social media on Tuesday evening, with few details still sketchy on whether the police actually hunted him down or he surrendered himself.
Latest information, indicate that he is currently in the custody of the Osun State Police Command, according to a report by Channels Television, who confirmed that he has been taken in.
The order came on the prompting of Wisdom Madaki, the police lawyer after Adeyemi failed to appear in court to take his plea before on an eight-count charge marked FHC/ABJ/CR/562/2025, which relates to forgery, fraud and impersonation.
The court took the decision despite the spirited efforts by Genesis Francis, Adeyemi’s lawyer to mitigate the situation when he told Umar: “The defendant is afraid for his life. He has to be alive to be able to face trial. They have been looking for him even without an order of court.”
Regardless, the judge, while brushing aside the defence, said he was minded to accede to the application for the issuance of a warrant of arrest against the defendant, noting since case was filed on November 27, 2025, with proceedings not commencing until December 4, 2025, Adeyemi did not appear before the court more than once.
“Since then, he has failed to appear before this court on four consecutive dates,” he said, while mandating security agencies to arrest and produce the embattled PFIPC boss before the court on September 30 for arraignment.
During trial, witnesses including Femi Gbajabiamila, Chief of Staff (CoS) to the President; Paul Emmanuel; Jeremiah Imoukhede; and Ituah Sylvester, are billed to testify for the prosecution alongside the Office of the Accountant General of the Federation (OAGF), Akimbo Shola and Adamu Balongu, as well as a Deputy Superintendent of Police.
The order is coming on the heels of Adeyemi’s outcry that his life was in danger, while debunking the allegation that he was a fugitive running away from the law, saying he would appear in court once he had assurance that he would be protected from those tracking him in attempts to take his life.
A guest of Politics Today, a public affairs programme on Channels Television, Adeyemi, had told his host on Monday: “I’m ready to show my face. I’m not hiding. I’m only fearing for my life because I have it on good authority that my life is in danger. There have been several attempts on my life,” Adeyemi added.
He also maintained his allegation that he paid N400 million through a proxy to President Tinubu’s Chief of Staff, Gbajabiamila, to secure his appointment as DG of the disputed council. I’m ready to show my face. I’m not hiding. I’m only fearing for my life because I have it on good authority that my life is in danger. There have been several attempts on my life.”
An interim police investigation report had exposed how the defendant allegedly forged appointment letters and official documents to create the impression that the PFIPC was a legitimate federal government agency.
Police disclosed that the investigation was initiated after the Office of the Chief of Staff to the President petitioned the Inspector-General of Police (IGP) on October 17, 2025, over the activities of individuals allegedly forging official appointment letters purportedly issued from the office.
The petition added that preliminary findings showed the forged documents contained falsified signatures, reference numbers, official seals, and the Nigerian Coat of Arms, and that they were allegedly used to appoint individuals into the non-existent PFIPC.
Adeyemi, who was identified as the principal suspect, allegedly presented himself as the DG of the council and operated from an office within the Federal Secretariat Complex, Phase III, Abuja.
One of those allegedly linked to the fraud, Dolapo Babatunde Tanimola, was said to have died in a fire incident at a hotel in Abuja.
Justice Mohammed Umar of the Federal High Court, Abuja, on Tuesday, issued a bench warrant for the arrest of Adeniyi Adeyemi, controversial Director-General (DG) of an alleged “non-existent,” Presidential Foreign Investment Promotion Council (PFIPC).
The order came on the prompting of Wisdom Madaki, the police lawyer after Adeyemi failed to appear in court to take his plea before on an eight-count charge marked FHC/ABJ/CR/562/2025, which relates to forgery, fraud and impersonation.
The court took the decision despite the spirited efforts by Genesis Francis, Adeyemi’s lawyer to mitigate the situation when he told Umar: “The defendant is afraid for his life. He has to be alive to be able to face trial. They have been looking for him even without an order of court.”
Regardless, the judge, while brushing aside the defence, said he was minded to accede to the application for the issuance of a warrant of arrest against the defendant, noting since case was filed on November 27, 2025, with proceedings not commencing until December 4, 2025, Adeyemi did not appear before the court more than once.
“Since then, he has failed to appear before this court on four consecutive dates,” he said, while mandating security agencies to arrest and produce the embattled PFIPC boss before the court on September 30 for arraignment.
During trial, witnesses including Femi Gbajabiamila, Chief of Staff (CoS) to the President; Paul Emmanuel; Jeremiah Imoukhede; and Ituah Sylvester, are billed to testify for the prosecution alongside the Office of the Accountant General of the Federation (OAGF), Akimbo Shola and Adamu Balongu, as well as a Deputy Superintendent of Police.
The order is coming on the heels of Adeyemi’s outcry that his life was in danger, while debunking the allegation that he was a fugitive running away from the law, saying he would appear in court once he had assurance that he would be protected from those tracking him in attempts to take his life.
A guest of Politics Today, a public affairs programme on Channels Television, Adeyemi, had told his host on Monday: “I’m ready to show my face. I’m not hiding. I’m only fearing for my life because I have it on good authority that my life is in danger. There have been several attempts on my life,” Adeyemi added.
He also maintained his allegation that he paid N400 million through a proxy to President Tinubu’s Chief of Staff, Gbajabiamila, to secure his appointment as DG of the disputed council. I’m ready to show my face. I’m not hiding. I’m only fearing for my life because I have it on good authority that my life is in danger. There have been several attempts on my life.”
An interim police investigation report had exposed how the defendant allegedly forged appointment letters and official documents to create the impression that the PFIPC was a legitimate federal government agency.
Police disclosed that the investigation was initiated after the Office of the Chief of Staff to the President petitioned the Inspector-General of Police (IGP) on October 17, 2025, over the activities of individuals allegedly forging official appointment letters purportedly issued from the office.
The petition added that preliminary findings showed the forged documents contained falsified signatures, reference numbers, official seals, and the Nigerian Coat of Arms, and that they were allegedly used to appoint individuals into the non-existent PFIPC.
Adeyemi, who was identified as the principal suspect, allegedly presented himself as the DG of the council and operated from an office within the Federal Secretariat Complex, Phase III, Abuja.
One of those allegedly linked to the fraud, Dolapo Babatunde Tanimola, was said to have died in a fire incident at a hotel in Abuja.
Meanwhile, Adeyemi, who has since denied that the PFIPC was non-existent, demanded an independent, multi-stakeholder investigative panel to probe the controversy surrounding the alleged N1.3 billion budget insertion for the Council in the 2026 Appropriation Bill.
In an open letter to President Tinubu, Adeyemi said he was prepared to provide documentary evidence and fully cooperate with investigators once an independent panel was constituted.
He recommended the inclusion of representatives of civil society organisations, the Nigerian Bar Association (NBA), independent media organisations, international financial institutions, human rights groups, and diplomatic missions, as well as the ICPC and the EFCC, on the independent investigative panel.
Meanwhile, Adeyemi, who has since denied that the PFIPC was non-existent, demanded an independent, multi-stakeholder investigative panel to probe the controversy surrounding the alleged N1.3 billion budget insertion for the Council in the 2026 Appropriation Bill.
In an open letter to President Tinubu, Adeyemi said he was prepared to provide documentary evidence and fully cooperate with investigators once an independent panel was constituted.
He recommended the inclusion of representatives of civil society organisations, the Nigerian Bar Association (NBA), independent media organisations, international financial institutions, human rights groups, and diplomatic missions, as well as the ICPC and the EFCC, on the independent investigative panel.
Abdulrahman Bello, must die for the murder, Hafsoh Yetunde Lawal, a final-year student of the Kwara State College of Education, Ilorin, the Court of Appeal has insisted, rebuffing the attempt of the self-acclaimed Islamic cleric, to upturn the verdict of an Ilorin High Court.
Affirming the earlier death sentence imposed on cleric for the murder of the female student, said to be his lover, on February 10, 2025, at the Olunlade area of Ilorin, which attracted widespread public outrage across Kwara State and beyond, the appellate court said it found no reason to upturn the earlier verdict of the lower court.
Bello, who was one of the five people arraigned on charges bordering on conspiracy, murder, unlawful removal and possession of human parts and blood, also faced a rape charge, of which he was eventually acquitted by the trial court.
Justice Gabriel Omoniyi Kolawole, who led a three-man panel of the appellate court, while dismissing his appeal, held that the prosecution proved beyond reasonable doubt that he murdered the victim and was unlawfully in possession of human parts.
The appellate court consequently upheld the judgment of the Kwara State High Court, which sentenced Bello to death by hanging and imposed an additional 10-year jail term over his conviction for unlawful possession of human parts.
The court held that there was no merit in the appeal and consequently affirmed both the conviction and the sentence imposed by the trial court.
According to the appellate court, the trial court properly evaluated the evidence before it and rightly concluded that the prosecution established the offences beyond reasonable doubt.
The appellate court said it believed the position of Ibrahim Sulyman, Kwara State Attorney General and Commissioner for Justice, Issa Zakari, Chief State Counsel, and B.L. Abdulsalam, Assistant Chief State Counsel, who led the prosecution.
Hailing the judgment as another significant milestone in the state’s criminal justice administration, Sulyman, said in a statement: “The judgment underscores the commitment of the Kwara State Ministry of Justice and the judiciary to ensuring that criminal cases are determined strictly in accordance with the law and the evidence presented before the courts.
“It also reaffirms the principle that persons found guilty of grave offences, after a fair trial, will be held accountable under the law. The appellate court’s decision would strengthen public confidence in the justice system.
“The affirmation of the conviction and sentence represents another milestone in the administration of criminal justice and reinforces public confidence in the rule of law and the appellate process. The convict still retains any further rights of appeal available to him under the Constitution and other applicable laws.
Justice Hannah Ajayi of the Kwara State High Court, sitting at Ilorin, hand on July 2025 sentenced Bello to death after finding him guilty of murdering and dismembering Lawal, after describing his act as “the highest degree of human wickedness, and a premeditated and cold-blooded act.”
Dismissing Bello’s claims that he loved the deceased and intended to marry her as merely an afterthought designed to deceive the court, Ajayi, also ruled the convict’s conduct after committing the crime and before his arrest suggested that it might not have been his first involvement in such an act, while a book on money-making charms recovered from his apartment further strengthened the prosecution’s case.
Justice Ajayi further held that the video and written confessional statements obtained by operatives of the Department of State Services and the police were lawfully admitted in evidence, dismissing Bello’s allegation that he was tortured into making the confessions.
While acquitting Bello of the rape charge, the trial court convicted him of murder and unlawful possession of human parts, sentencing him to death by hanging for the murder and imposing a 10-year prison term, with an option of a N100,000 fine, for the human parts offence.
The court also discharged and acquitted the four other defendants in the case — Ahmed Abdulwasiu, Suleiman Muhydeen, Jamiu Uthman and Abdulrahman Jamiu — after holding that the prosecution failed to establish their involvement in the offences.
Reacting to the High Court judgment at the time, the Emir of Ilorin and Chairman of the Kwara State Traditional Rulers Council, Ibrahim Sulu-Gambari, described the killing as tragic and commended the judiciary for ensuring justice.
“The gruesome murder of Hafsoh Yetunde Lawal was pathetic, unfortunate, regrettable and worrisome,” the monarch said in a statement issued by his Press Secretary, Abdulazeez Arowona.
“The judgment has further brightened the hope and trust of the people in the judiciary and security agencies. May Almighty Allah repose the soul of the late Hafsoh Lawal and comfort her family members.”
The monarch also urged parents and guardians to be vigilant and closely monitor the activities and movements of their children and wards to prevent a recurrence of such incidents.
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