• About
  • Advertise
  • Our Privacy Policy
  • Contact
Saturday, May 24, 2025
No Result
View All Result
  • Login
  • Register
MetrowatchXtra
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
No Result
View All Result
MetrowatchXtra
No Result
View All Result
Home Latest News

EFCC Receives Lawyers’ Petition Against Mele Kyari, Promises Swift Action

Recall that on Tuesday, a group of protesters under the banner of “Concerned Citizens Against Corruption” stormed the Federal Ministry of Justice Headquarters in Abuja to demand a thorough investigation into the tenure of Kyari’s leadership and the NNPCL’s transactions over the past five years.

Kemi Sheriepha by Kemi Sheriepha
April 25, 2025
0 0
0

A group of lawyers and civil society organisations submitted a petition against Mele Kyari, the former Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited, to the Economic and Financial Crimes Commission, on Friday.

Recall that on Tuesday, a group of protesters under the banner of “Concerned Citizens Against Corruption” stormed the Federal Ministry of Justice Headquarters in Abuja to demand a thorough investigation into the tenure of Kyari’s leadership and the NNPCL’s transactions over the past five years.

Similarly, on Wednesday, a group of lawyers under the aegis of the Guardians of Democracy and Rule of Law marched to the same office to submit a petition to the Attorney General of the Federation.

The petition called for Kyari’s investigation, arrest, and prosecution on allegations of corruption and misappropriation of funds when he held sway as the Group Chief Executive Officer of NNPCL.

Meanwhile, the lawyers, after their submission of the petition to the AGF, also confirmed exclusively to The PUNCH that a similar petition would be submitted to the EFCC, which they did on Friday.

The EFCC spokesman, Dele Oyewale, who received the petition on behalf of the commission’s chairman, Ola Olukoyede, at the EFCC headquarters in Abuja, assured the petitioners that the commission would address the issues raised in the petition.

He said, “The issues raised in the petition will be looked into and addressed.”

READ ALSO  APC Reverses Suspension of Lokpobiri, Other Bayelsa Party Chieftains

The petition alleges that Kyari engaged in monumental fraud, tax evasion, economic sabotage, and abuse of office during his tenure from July 2019 to February 2025.

The Guardians of Democracy and Rule of Law, led by Asika Raymond, states that Kyari colluded with certain consultants and contractors to inflate the actual costs of refinery rehabilitation projects and evade taxes owed to the federal government.

One notable example cited was the Port Harcourt Refinery, where the group alleges that the NNPCL, under Kyari’s leadership, spent $1.5 billion, despite an initial estimate of $1 billion for the rehabilitation of three refineries.

The petitioners questioned the transparency and accountability of payments made to consultants and contractors involved in these projects.

Further allegations include the diversion of crude oil allocations and financial transactions carried out under the guise of “pipeline security” at a suspicious rate of 80,000 barrels per day, without any transparent process or accountability mechanism.

The AKK Gas Pipeline Project, initially valued at $5 billion, is also said to be riddled with irregularities in contract awards and execution.

Additionally, the petition raises concerns about fuel subsidy fraud, citing inflated imports and false claims.

The petition also questions the value of NNPCL’s crude-backed loans, totalling $21.565 billion since 2019, citing unclear purposes and outcomes.

READ ALSO  FCT Primary School Teachers Begin Strike over Unpaid Arrears | METROWATCH

“Crude oil allocations were diverted, and financial transactions were carried out under the guise of ‘pipeline security’ at a suspicious rate of 80,000 barrels per day, with no transparent process or accountability mechanism.

“The AKK Pipeline Project, initially valued at $5 billion, has been riddled with irregularities in the award and execution of contracts. Despite several budgetary provisions and foreign financing arrangements, there is little physical progress or transparency in fund utilisation.

“While the rest of the world saw a decline in fuel consumption in 2020 due to COVID-19, NNPCL increased its imports of petroleum products during the same period.

“Under Mele Kyari, NNPCL took various crude-backed loans, amounting to $21.565 billion since 2019. Aside from mortgaging future production, the structure of these loans disadvantaged Nigeria as the upside from trading Nigeria’s crude in the international market was ceded to traders.

“Kyari also oversaw massive spending on oil exploration activities, allegedly running into several billions of Naira, which lacked proper documentation, feasibility outcomes, or demonstrable economic returns,” the Petition stated.

The group of lawyers urged the EFCC to investigate Kyari, forensically audit all payments made to consultants and contractors from 2019 to 2025, recover misappropriated public funds, and collaborate with the Federal Inland Revenue Service to probe suspected tax evasion.

 

Metrowatchxtra

Tags: EFCCMele KyariNNPCL
Kemi Sheriepha

Kemi Sheriepha

RELATED POST

Nigerian Young Professionals Storm UAE Embassy, Requests Deportation of Mele Kyari Over NNPCL Probe
Latest News

Nigerian Young Professionals Storm UAE Embassy, Requests Deportation of Mele Kyari Over NNPCL Probe

by Kemi Sheriepha
May 21, 2025
0

Hundreds of young professionals from various fields in Nigeria on Wednesday stormed the United Arab Emirates (UAE) Embassy in Abuja,...

Read moreDetails
Verydarkman Accused of Cyberstalking and Money Laundering by EFCC

Verydarkman Accused of Cyberstalking and Money Laundering by EFCC

May 13, 2025
Real Reason EFCC Arrested VeryDarkMan, Insider Confirms

EFCC Plans to Release My Mugshot With Money Laundering Charges, VeryDarkMan Raises Alarm

May 10, 2025
Ramadan: Matawalle Donates N500m to Zamfara APC Supporters

Matawalle: We Have Received Your Petition, EFCC Tells Protesters

May 10, 2025
NNPC, Dangote Strengthen Strategic Partnership, Reaffirm Commitment to Healthy Competition Towards National Prosperity

NNPC, Dangote Strengthen Strategic Partnership, Reaffirm Commitment to Healthy Competition Towards National Prosperity

May 9, 2025
N110bn EFCC Case: Court Extends Time for Summons of Yahaya Bello

We’ve 28 More Witnesses against Yahaya Bello, EFCC Tells Court

May 9, 2025
Load More

APO

Recent Posts

  • I’m Leaving PDP, I Don’t Have Wike’s Kind of Strength, Gov Eno Says
  • Southeast Senators Decry Exclusion From Nigerian Govt’s N380bn Irrigation Fund
  • Trump Threatens Apple with 25% Tariff on iPhones Made Outside U.S.
  • The Risk Ahead: Why the Natasha Case Could Also Be Heard in American Courts, By John Egbeazien Oshodi
  • Cultism: Monitor Your Tenants, Edo Govt Warns Landlords

Recommended

Nigerian Army

JUST IN | Nigerian Army Rescues 16 Kidnapped Victims in Kaduna | METROWATCH

1 year ago
ITF Paid N1bn Students’ Training Allowances in 2021, says DG

ITF Paid N1bn Students’ Training Allowances in 2021, says DG

3 years ago
MetrowatchXtra

MetrowatchXtra is an online daily newspaper poised to act as a catalyst in our debate and desire for well-governed Nigeria and provide the much-needed platform for all, irrespective of social, religious or political divide, to express their views.
Metrowatchxtra Nigeria

  • About
  • Advertise
  • Our Privacy Policy
  • Contact

© 2024 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Sports
  • Tech
  • Health

© 2024 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved