…Reiterates demand for forensic audit of NNPC to rebuild trust in Nigeria’s oil sector
Conference of Nigeria Political Parties, CNPP, has described as a pivotal moment for Nigeria’s oil industry, President Bola Tinubu’s decision to remove Mele Kyari from his position as Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, has drawn widespread acclaim.
The CNPP in a statement by its Deputy National Publicity Secretary, James Ezema, hailed the action as a vital step toward restoring accountability, efficiency, and transparency in a sector that has long been shrouded in allegations of corruption and mismanagement.
The umbrella body of all registered political parties and political associations in Nigeria expressed its gratitude for President Tinubu’s decisive leadership, stating that Nigerians have endured years of economic hardship fueled by inefficiencies and alleged large-scale corruption within NNPCL.
It noted that these challenges have exacerbated the country’s struggles, with high transportation costs contributing to soaring food prices that have burdened millions of families. According to the CNPP, this bold move by the president signals a readiness to confront deep-seated issues in Nigeria’s petroleum industry.
CNPP in the statement stressed that while it applauds the leadership change, simply replacing Mele Kyari was insufficient to address the root causes of the oil sector’s problems.
The organisation has reiterated its long-standing demand for a thorough forensic audit of NNPCL’s operations during Kyari’s tenure.
It emphasized that without such an investigation, the new management would inherit a foundation weakened by years of alleged financial irregularities, inefficiencies, and questionable practices.
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The CNPP has raised serious concerns about the management of NNPCL under Kyari, asserting that the Nigerian people deserve transparency and accountability regarding the operations of the national oil company.
The group urged President Tinubu to authorise an independent forensic audit covering all aspects of NNPCL’s accounts, crude oil sales, and subsidy disbursements during Kyari’s tenure.
It argued that this audit is crucial not only for understanding the extent of mismanagement but also for implementing reforms that will stabilize the oil.
In its statement, the CNPP underscored the critical importance of Nigeria’s oil industry to the nation’s economy, warning that without urgent and radical reforms, the suffering of Nigerians would persist.
It called on anti-corruption agencies, civil society organizations, and the National Assembly to support its demand for justice, urging all stakeholders to play an active role in ensuring accountability within NNPCL.
The CNPP affirmed its commitment to monitoring developments in the oil sector and holding all stakeholders accountable to the Nigerian people.
“The oil sector cannot remain a black hole where billions of dollars disappear without accountability. The time to act is now,” Ezema stated.
This significant step by President Tinubu has reignited hopes for a more transparent and efficient oil industry in Nigeria.
However, the CNPP insists that further actions, particularly a forensic audit, are indispensable in repositioning NNPCL and addressing the challenges that have plagued the sector for years.
