CPASJ Calls for Review of NNPCL's Allegations and Profits

The Coalition for Public Accountability and Social Justice (CPASJ) has called on President Tinubu to order an independent review of allegations and governance issues concerning the Nigerian National Petroleum Company Limited (NNPCL) and its Group Chief Executive Officer, Bashir Bayo Ojulari. The coalition emphasized the need for transparency regarding NNPCL's financial performance, particularly its reported ₦7.2 trillion profit after tax for 2025, which marks a 33 percent increase from ₦5.4 trillion in 2024, despite a 24 percent decline in revenue to ₦34.5 trillion.

CPASJ questioned the nature of approximately ₦7.1 trillion classified as sundry income and requested detailed financial disclosures. The coalition also referenced previous allegations involving businessman Abdullahi Bashir-Haske and urged the EFCC to clarify the status of an investigation into these claims.

Additionally, CPASJ sought explanations regarding the rehabilitation expenditure of government-owned refineries and called for an independent assessment to ensure accountability.