NNPCL: Why Presidency must act in the interest of accountability

By Barrister Chuks P. Okoye

In an age where good governance hinges on transparency and accountability, growing concerns over alleged misconduct within the Nigerian National Petroleum Company Limited (NNPCL) deserve serious attention. Recent media reports and public discourse have raised questions surrounding the leadership of Bayo Ojulari, the Group Chief Executive Officer of NNPCL, and his reported ties with businessman Bashir Haske. These developments underscore the urgency of reinforcing public trust in Nigeria’s most vital economic sector.

Nigeria, a country abundantly blessed with oil and gas resources, continues to grapple with the persistent challenge of corruption within its petroleum industry. The sector’s well-documented history of mismanagement has hindered economic growth and discouraged both local and international investment. It is against this backdrop that President Bola Ahmed Tinubu’s administration must take clear and deliberate steps to ensure the highest standards of integrity are upheld within the NNPCL.

Leadership in such a strategic industry demands not only competence but also an unblemished reputation. Allegations—regardless of their current legal status—can erode public confidence and cast a shadow over the credibility of those in charge. While it is essential to emphasize that all individuals are presumed innocent until proven guilty, the persistence of allegations warrants an independent and transparent investigation to maintain the organization’s integrity.

For the Tinubu administration, this moment presents a critical opportunity to reaffirm its anti-corruption stance. Ensuring accountability at the highest levels sends a clear message that no individual is above scrutiny and that due process will be followed, irrespective of status or influence. Taking such a principled stand will not only safeguard the reputation of NNPCL but also contribute to restoring investor confidence—something Nigeria desperately needs to drive economic recovery.

Foreign and domestic investors alike assess the health of governance structures when considering their involvement in resource-based economies. Continued controversy or leadership uncertainty can have a chilling effect on investment prospects. A firm and transparent response by the government would show that Nigeria is committed to reform and open to doing business under ethical and transparent conditions.

Ultimately, safeguarding the future of Nigeria’s oil sector requires proactive leadership. If confidence in NNPCL is to be restored, all lingering concerns must be addressed promptly and decisively. This is not merely about one individual; it is about protecting the reputation and operational integrity of an institution that sits at the heart of Nigeria’s economic future.

In conclusion, President Tinubu must seize this opportunity to demonstrate his administration’s resolve. A full, impartial investigation—paired with appropriate action based on its findings—will help chart a new course for the oil and gas sector, one anchored in transparency, fairness, and national interest.

Barrister Okoye writes from Enugu.