NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

Lead Investigation

Revealed: Why EFCC is probing Kyari, top ex-NNPC officials

THE Economic and Financial Crimes Commission (EFCC) grilled the former Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, on Wednesday afternoon, over multi-billion controversial contracts, including a near $3 billion refinery outlay, during his tenure. He is not the only ex-NNPC chief that has been quizzed. Nearly all the […]

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Aug 20, 2025 post

Multi-billion naira fraud in NNPC puts ex-GMD Kyari on the spot

THE Nigerian National Petroleum Company (NNPC) Limited is, once again, hit by multi-billion naira fraud linked to refinery turnaround maintenance in Port Harcourt, Warri and Kaduna, especially under the administration of its immediate past Group Managing Director, Mr Mele Kyari. The Economic and Financial Crimes Commission (EFCC) last week recovered more than N5 billion and […]

Jul 01, 2025 post

NNPC under Kyari spent nearly $3bn on Nigeria’s three refineries. None is working now.

THE Nigerian National Petroleum Company (NNPC) Limited under former Group Managing Director, Mr Mele Kyari, spent nearly $3 billion on the rehabilitation of Port Harcourt, Warri and Kaduna refineries, but none of them is working at the moment. In March 2021, the Federal Executive Council (FEC) approved the sum of $1.5 billion for the rehabilitation […]

Jun 28, 2025 post

Calls grow for extensive probe into Mele Kyari’s NNPC tenure

THE Bola Tinubu-led government must extensively probe the tenure of the former Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, over several allegations handing around his office. The Economic and Financial Crimes Commission (EFCC) is currently investigating Mr Kyari and other officials over the $2.896 billion allocated for refinery […]