News
BREAKING: President Tinubu Reshuffles NNPCL Leadership, Appoints New GCEO and Board Members
President Bola Ahmed Tinubu has dismissed Mele Kyari as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL) and appointed Engr. Bashir Bayo Ojulari as his replacement. Ahmadu Musa Kida has also been named the new non-executive chairman of the board.
Additionally, Tinubu has sacked all board members appointed alongside Akinyelure and Kyari in November 2023. Adedapo Segun, who became Chief Financial Officer (CFO) last year, has been retained on the newly restructured board.
New Board Composition
The newly appointed board consists of six non-executive directors representing Nigeria’s geopolitical zones:
Bello Rabiu (North West)
Yusuf Usman (North East)
Babs Omotowa (North Central)
Austin Avuru (South-South)
David Ige (South West)
Henry Obih (South East)
Mrs. Lydia Shehu Jafiya, Permanent Secretary of the Federal Ministry of Finance, will represent the ministry, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.
Objectives of the Restructured Board
President Tinubu emphasized that the restructuring aims to enhance operational efficiency, restore investor confidence, boost local content, drive economic growth, and advance gas commercialization and diversification.
The new board has been tasked with the following objectives:
Conduct a strategic portfolio review of NNPCL’s operated and joint venture assets to align with value maximization goals.
Increase oil sector investments from $17 billion (2023) to $30 billion by 2027 and $60 billion by 2030.
Raise daily oil production to 2 million barrels by 2027 and 3 million barrels by 2030.
Boost gas production to 8 billion cubic feet per day by 2027 and 10 billion cubic feet per day by 2030.
Expand NNPCL’s share of crude oil refining output to 200,000 barrels daily by 2027 and 500,000 barrels by 2030.
Profiles of Key Appointees
Ahmadu Musa Kida – New Board Chairman
Ahmadu Musa Kida, from Borno State, holds a degree in civil engineering from Ahmadu Bello University, Zaria, and a postgraduate diploma in petroleum engineering from the Institut Francais du Petrol (IFP) in Paris.
He began his oil industry career at Elf Petroleum Nigeria before joining Total Exploration and Production in 1985. In 2015, he became Deputy Managing Director of Deep Water Services at Total Nigeria. In 2023, he was appointed as an Independent Non-Executive Director at Pan Ocean-Newcross Group. Outside the oil industry, he served as president of the Nigerian Basketball Federation (NBBF).
Bashir Bayo Ojulari – New GCEO
Ojulari, from Kwara State, was formerly the Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company. He led the recent $2.4 billion acquisition of Shell Petroleum Development Company of Nigeria (SPDC) by a consortium of indigenous energy firms.
A mechanical engineering graduate from Ahmadu Bello University, Zaria, Ojulari started his career at Elf Aquitaine and later joined Shell Petroleum Development Company of Nigeria in 1991. He worked in various roles across Europe and the Middle East as a petroleum process and production engineer, strategic planner, field developer, and asset manager. In 2015, he was appointed Managing Director of Shell Nigeria Exploration and Production Company (SNEPCO).
Ojulari has also served as chairman and trustee of the Society of Petroleum Engineers (SPE Nigerian Council) and is a fellow of the Nigerian Society of Engineers.
Acknowledgment of Outgoing Board Members
President Tinubu expressed gratitude to the outgoing board members for their service, particularly their contributions to rehabilitating the Port Harcourt and Warri refineries, which have resumed petroleum production after prolonged inactivity. He wished them success in their future endeavors.
The restructuring underscores Tinubu’s commitment to transforming Nigeria’s oil and gas sector, with ambitious goals for increased production and investment.

Foreign
Goodluck Jonathan Reportedly Stranded in Guinea-Bissau After Sudden Military Takeover
Former Nigerian President Goodluck Jonathan is reportedly stranded in Guinea-Bissau following the military’s announcement of a takeover on Tuesday.
Jonathan, who travelled to the country as part of an international election observation mission, was expected to oversee the release of official results before the unexpected shift in power disrupted all movement. Sources say he and other foreign observers are currently unable to leave as security restrictions tighten across the capital.
The situation has sparked concern among regional stakeholders, with diplomatic channels said to be monitoring developments closely. So far, neither Jonathan nor Nigerian authorities have issued an official statement on his safety or plans to return.
The unfolding political tension in Guinea-Bissau continues to draw global attention, especially as the fate of the election results remains unclear.


News
Rep. Ahmed Idris Wase Raises Alarm Over Alleged Boko Haram Names on Army Recruitment List
A fresh wave of national concern has been triggered after former Deputy Speaker of the House of Representatives, Ahmed Idris Wase, alleged that names of individuals suspected to be linked to Boko Haram were once discovered on a Nigerian Army recruitment list.
Wase made the revelation on Wednesday while addressing colleagues and security stakeholders. According to him, the discovery points to a deeper and more dangerous level of infiltration that could compromise Nigeria’s ongoing fight against terrorism. He warned that if such cases go unchecked, they could weaken the country’s security architecture from within.
The lawmaker stressed the need for urgent and comprehensive reforms in recruitment procedures across all security agencies. He called for:
Enhanced vetting and background checks
Stricter biometric verification
A complete review of recruitment protocols
Cross-agency intelligence sharing
Wase argued that preventing infiltration at the point of entry is just as critical as frontline military operations, emphasizing that national security begins with ensuring the right people are admitted into the armed forces.
His claims have since generated widespread reaction from citizens, security experts, and civil society organisations. Many Nigerians are calling on the federal government to conduct a detailed investigation into the alleged incident, insisting that transparency is essential to restoring public trust in the nation’s defence system.
As of press time, the Nigerian Army has not issued a formal statement responding to Wase’s claims, leaving the public eager for clarification on a matter that touches directly on national safety.
Lagos Lately will continue to monitor developments and provide updates as the story unfolds.



News
FG Vows to End Frequent Power Grid Collapses
The Minister of Power, Adebayo Adelabu, has assured Nigerians that the Federal Government is intensifying efforts to put a stop to the recurring national grid collapses and improve overall stability in the country’s power sector.
Speaking in Uyo, Akwa Ibom State, on Friday during the maiden retreat of the Nigerian Independent System Operator (NISO) themed “NISO on the Move,” Adelabu—represented by the Permanent Secretary of the Ministry, Alhaji Muhammadu Mamman—said President Bola Tinubu’s administration has been implementing fresh strategies from day one to stabilise the grid and curb nationwide power outages.
According to him, the establishment of NISO is one of the key reforms introduced by the Federal Government to transform operations within the power sector and drive reliable electricity supply.
Nigeria has long grappled with repeated grid collapses, largely attributed to ageing infrastructure, inadequate funding, poor maintenance, and vandalism. These disruptions have resulted in widespread blackouts, affecting businesses, slowing economic activity, and forcing households to depend heavily on generators and other costly alternatives.
Adelabu noted that the current administration is committed to reversing these trends. “Since the commencement of this administration, things have been done differently. The creation of the Nigerian Independent System Operator is a clear indication of government’s renewed approach to achieving grid stability, reducing power outages, and ensuring every Nigerian has access to electricity,” he said.

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