• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 7, 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

NEITI Lauds Ojulari’s Appointment, Urges Best Corporate Governance Practices

by Chika Izuora
2 months ago
in Business
NEITI Lauds Ojulari's Appointment
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigeria Extractive Industries Transparency Initiative (NEITI), has lauded the appointment of Bayo Ojulari, as the group chief executive Officer (GCEO) of the Nigeria National Petroleum Company  (NNPC) Limited.

Advertisement

The executive secretary of NEITI, Dr. Orji Ogbonnaya Orji, in his congratulatory message also challenged the new GCEO, to demonstrate unwavering commitment to openness, systematic disclosure of critical industry data, responsible resource management, and corporate governance best practices.

Orji, said that his appointment comes at a critical time when the ongoing reforms in NNPC require renewed commitment, strategic leadership, and a firm dedication to transparency, accountability and corporate governance.

According to Orji, “NEITI recognises that NNPC, as Nigeria’s foremost national energy company, plays a crucial role in shaping the future of the country’s oil and gas sector.

As a member of the NEITI National Stakeholders’ Working Group (NSWG) and a key institution in Nigeria’s extractive industry, NNPCL has a responsibility to ensure that the reforms initiated under the Petroleum Industry Act (PIA) are strengthened, broadened, and sustained in the public interest”.

RELATED

BetKing Promotes Social Impact At NSF

BetKing Promotes Social Impact At NSF

21 hours ago
Sallah: UNYF felicitates with muslims, decries worsening living conditions

Oxfam Urges Nigerians To Embrace Responsible Plastic Use

21 hours ago

He added that “As a Supporting Company of the global Extractive Industries Transparency Initiative (EITI), NNPCL must demonstrate unwavering commitment to openness, systematic disclosure of critical industry data, responsible resource management, and corporate governance best practices”.

The NEITI urged the new leadership to prioritize timely publication of NNPC’s financial statements, full disclosure of production data, operational costs, and revenue remittances to help rebuild public trust and enhance Nigeria’s global reputation.

“Transparency in the management of oil and gas revenues remains critical to national development and ongoing poverty reduction efforts. The EITI process provides a tested framework for ensuring that revenues from natural resources are prudently managed, fully accounted for, and efficiently deployed to address Nigeria’s development needs. We look forward to working closely with Ojulari and his team in deepening the NEITI-EITI process in Nigeria and ensuring that NNPC continues to align with international best practices in corporate governance and financial transparency”, Orji affirmed.

NEITI also congratulated the newly reconstituted NNPC Board and charged them to provide forward-looking strategic direction to fast-track the ongoing transformation of NNPC in line with the PIA.

The Board’s role in ensuring that NNPCL remains accountable to its shareholders—the Nigerian people is crucial to the long-term sustainability of the company and the industry at large.

Dr. Orji thanked the Mele Kyari Team for their dedication and hardwork. “On behalf of the NEITI National Stakeholders’ Working Group, we extend our appreciation to the outgoing GCEO, Mr. Mele Kyari, for his mutual respect, patience, and collaboration with NEITI over the past six years.

His tenure was marked by significant engagements with NEITI in advancing corporate transparency, public disclosures, and aligning NNPCL with the global EITI framework.

“We commend his service to the nation and wish him success in his future endeavours”.

“NEITI remains committed to its mandate of ensuring transparency and accountability in Nigeria’s extractive sector and will continue to support all efforts aimed at making NNPC a globally competitive, accountable, and efficiently managed national oil company,” he added.


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

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Bashir Bayo Ojulari
SendShareTweetShare
Previous Post

Access Bank, Stakeholders Champion Women’s Economic Inclusion

Next Post

Lokpobiri Lauds Caverton’s Potential For Oil & Gas Sector Growth

Chika Izuora

Chika Izuora

You May Like

BetKing Promotes Social Impact At NSF
Business

BetKing Promotes Social Impact At NSF

2025/06/06
Sallah: UNYF felicitates with muslims, decries worsening living conditions
Business

Oxfam Urges Nigerians To Embrace Responsible Plastic Use

2025/06/06
Airtel Expands Digital Ecosystem With In-App Shopping Platform
Business

Airtel Expands Digital Ecosystem With In-App Shopping Platform

2025/06/06
NES Demands Stakeholder Collaboration To Curb Plastic Pollution
Business

NES Demands Stakeholder Collaboration To Curb Plastic Pollution

2025/06/06
AFN Board Members Write Minister, Lament Crisis Under Okowa’s Leadership
Business

FG Reaffirms Global Leadership In Entrepreneurship At 2025 GEC

2025/06/06
CSOs Hail Komolafe’s ‘Giant Strides’ As NUPRC Boss
Business

2024 Bid Rounds Violated No Oil Licencing Guidelines – Komolafe

2025/06/06
Leadership Conference advertisement

LATEST

2027: INEC Receives Over 100 Applications For New Political Parties

Kano Athletes’ Auto Crash: Survivors Narrate Narrow Escape, Death Of Victims

ACF Mourns Uwais, Describes Ex-CJN Jurist Of Repute

Tolu Arokodare On Target As Super Eagles Share Spoils Against Russia

Godly Parenting Summit To Empower Parents For Brighter Future

Eid-al-Adha: No Nation Rises Without Unity, Sacrifice — Shettima

Makinde Advocates 6-year Single-term For Political Office Holders

Fire Guts Section Of Kano Phone Market On Eid Day

Hardship: El-Rufai, Amaechi Owe Nigerians Apology — Shehu Sani

Raphinha Named 2024/2025 La Liga Player Of The Season

© 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.