NNPC MD Ojulari Resigns Suddenly

News Update

THE Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Bayo Ojulari, has allegedly been forced to sign a resignation letter.

This is according to a Peoples Gazette report on Saturday.

According to the report, Ojulari was hijacked on Friday and pressured to sign a resignation letter by Ola Olukoyede, chairman of anti-graft EFCC, and Adeola Ajayi, director-general of the State Security Service.

It was reported that the alleged incident occurred on Friday, according to sources who spoke with the news platform.

Sources said Mr Ojulari was repeatedly questioned about what he might know of Olatimbo Ayinde, a British-Nigerian oil businesswoman who has recently emerged as one of the most powerful forces steering the Tinubu administration.

“Mr Ojulari told us he didn’t know Olatimbo Ayinde,” the source, who preferred anonymity, told Peoples Gazette.

However, the spokesman of EFCC, Dele Oyewale, has not officially responded to the enquiry on the matter.

Also, Mr Ojulari did not immediately return multiple requests seeking comments about the development on Saturday afternoon.

Recall that NNPCL had recently raised alarm over sabotage of the state-owned oil firm’s leadership.

Ojulari was appointed in April 2025 by President Bola Ahmed Tinubu.

(Peoples Gazette)