• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

APC Youths Raise The Alarm Over $6.8bn Debt In Oil Company

by Olakunle Olasanmi
10 months ago
in News
nnpc
Share on WhatsAppShare on FacebookShare on XTelegram

The APC Youth Solidarity Network has condemned the Nigerian National Petroleum Company Limited (NNPC Ltd) ‘s admission of owing $6.8 billion in debt.

Speaking at a press conference in Abuja, Olalekan Isaac said the huge debt was the result of leadership failure.

Advertisement

Isaac also expressed dismay over the NNPC’s initial denial that it owed no debt, only to later admit to the staggering amount.

He said that on August 18th, after a report that interrogated NNPCL’s finances revealed that the company didn’t make any profit, NNPCL came out to disown the report.

“Only less than 14 days after that grandstanding, the company has come out to accept the report that it was owing,” he said.

The APC youths questioned Mele Kyari’s leadership and governance style, citing a lack of transparency, accountability, and fiscal prudence.

RELATED

NDLEA Arrests 48 Suspects, Convicts 5 In Edo

Don’t Help Anyone Carry Bags You Didn’t Pack, NDLEA Warns Travellers

28 minutes ago
Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term

Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term

1 hour ago

“We, the APC Youth Solidarity Network, resolutely maintain that the time has arrived for Mr. Mele Kyari to assume full responsibility for this leadership failure. He must relinquish his position, thereby sparing our nation further international embarrassment and ridicule,” he said.

“It means the entire hogwash that the company is doing under Kyari is a big lie and should be condemned by all citizens.

“Regrettably, Nigeria, Africa’s largest oil exporter, finds itself in the incongruous position of importing virtually all its fuel requirements. This anomaly directly results from years of systemic neglect and mismanagement of our state-owned oil refineries. Furthermore, the selfish interests and lack of visionary leadership within our oil and gas sector have hindered the optimal utilisation of the newly commissioned 650,000 barrel-per-day Dangote refinery. Instead of producing marketable petrol for domestic consumption, this facility is compelled to export other fuels abroad, exacerbating our nation’s energy woes.

“This critical moment calls for transformative change, heralding a new era of transparency, accountability, and visionary leadership. We fervently implore Mr. Mele Kyari to relinquish his position, paving the way for fresh leadership that embodies the sacred values of openness, integrity, and responsibility that our citizens rightfully deserve.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: APC Youth Solidarity NetworkMele kyariNigerian National Petroleum Company Limited (NNPCL)
SendShareTweetShare
Previous Post

Training Scheme For NCE Graduates

Next Post

Northern Governors Unite Against Insecurity

Olakunle Olasanmi

Olakunle Olasanmi

You May Like

NDLEA Arrests 48 Suspects, Convicts 5 In Edo
News

Don’t Help Anyone Carry Bags You Didn’t Pack, NDLEA Warns Travellers

2025/06/29
Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term
News

Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term

2025/06/29
Ex-Footballer, Businessman, Others Arrested Over Illicit Drugs
News

Ex-Footballer, Businessman, Others Arrested Over Illicit Drugs

2025/06/29
Saudi Arabia Okays Burial Of Late Dantata In Madina On Monday 
News

Saudi Arabia Okays Burial Of Late Dantata In Madina On Monday 

2025/06/29
Muslims Have Constitutional Rights To Shari’a Adjudication – Sultan
News

Sultan Tasks Political Leaders On Motto Of National Institute

2025/06/29
70% Nigerians Without Insurance Cover — NCRIB 
News

70% Nigerians Without Insurance Cover — NCRIB 

2025/06/29
Leadership Conference advertisement

LATEST

Don’t Help Anyone Carry Bags You Didn’t Pack, NDLEA Warns Travellers

Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term

Ex-Footballer, Businessman, Others Arrested Over Illicit Drugs

Saudi Arabia Okays Burial Of Late Dantata In Madina On Monday 

Sultan Tasks Political Leaders On Motto Of National Institute

Kanu, Ikpeba To Attend NNL Super 8 Opener

WAFCON 2024: CAF Celebrates Former Super Falcons Captain, Ebi

70% Nigerians Without Insurance Cover — NCRIB 

Ojude Oba: Brands, Celebs Find New Spotlight

Mádé Kuti Drops New Single ‘Wait And See’

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.