General
CSOs Allege Fresh Plot by Oil Crooks to Blackmail, Smear Kyari
A coalition of Civil Society Organizations (CSOs) on Sunday said it had uncovered a fresh plot by embittered oil thieves to blackmail, smear and tarnish the image of the group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari.
The CSOs, consisting of 42 different organizations, said the move by the oil thieves, whose businesses have been truncated by the recent stoppage of payment for fuel subsidy by the Federal Government and the total war declared by the Kyari-led NNPCL against oil theft and pipeline vandals, is to disinform and set Nigerians against the national oil company and its top officials under false pretext of fighting for public interest over the temporary pain being experienced as a result of the subsidy removal.
A statement signed by Abubakar Ibrahim, convener; Bashir Faisal, Comrade Rafiu Shaibu, co-conveners of the 42 CSOs, noted that having failed in its several bids to malign him, it has now engaged some faceless, fictitious and unknown groups to gather in the streets and cause public disturbance in the name of protest calling for the removal of NNPCL GCEO.
While calling on security agencies to beam their searchlights on these groups and their sponsors, their CSOs urged Nigerians to ignore the noisemakers who are playing the cards of their corrupt, fraudulent oil crooks who have milked Nigeria dry for their personal gains.
Part of the statement reads: “Nigerians will recall that first, these corrupt oil marketers and crooks sponsored fake news on social media in June that the President, Bola Ahmed Tinubu, had sacked the hardworking GCEO of the NNPCL, Mallam Mele Kyari.
This narrative, however, “didn’t fly as officials at the Presidency later debunked it as fake news.
“Defeated in their desperate bid to nail Kyari, this set of characters finally came out in human form.
“They soon issued a statement signed by a controversial and failed politician who is a member of the All Progressives Congress (APC) hobnobbing with PDP politicians, calling on the Tinubu administration to arrest Kyari and heads of other agencies of the Federal Government under the Buhari administration.
Days after this drama, several unknown and faceless groups flocked to the internet clamouring for Kyari’s removal.
“Not done, another self-acclaimed political activist joined the fray, and as expected, nothing changed.
“Not desirous of backing down on their ill-fated venture, they have now contracted a faceless and unknown group to mobilise innocent Nigerians to the street with a paltry sum to achieve their motives.
“It’s however interesting that Kyari’s sins are his stance and fight against some sudden oil billionaires who are milking the country’s resources with the continuous payment of fuel subsidy by the federal government and also through crude oil theft.
“We understand their frustration and pains, but they should know that it’s no longer business as usual. They can no longer divert our commonwealth. Rather, these resources shall be used to create more jobs and make Nigeria better.
“They can no longer divert and smuggle petroleum products to neighbouring countries where they sell at higher rates and thus make more profit even after collecting subsidy money from the Nigerian government.
“The era of some persons feeding fat on our common wealth is gone. We don’t have any other country; Nigeria is our own, and we must join hands together to make work.
“Therefore, the incessant attack and vituperation against the NNPCL and its GCEO cannot stop the good works he (Kyari) is doing.
“It’s laughable that they are calling for the removal of a man who has restored the glory of the national oil company. A man who brought transparency, accountability, performance and excellence into the company by returning the NNPC to a profit-making entity after several years of operating at a loss.
“Unfortunately, Nigerians are wiser. They know your games, but they have failed even before they were hatched.
“Since Kyari assumed office even as the group managing director of the defunct NNPC, he has operated a very transparent system.
“Several times, he has made open the books of the oil company for public scrutiny.
“Nigerians should also know that for the first time in over 40 years of its existence, the NNPCL under Kyari is beginning to win the war against corruption in the system, pipeline vandalism and oil theft, which has led to a major increase in daily oil production, reaching 1.6 million barrels per day.
“Nations and investors all over the world are beginning to win the confidence of the NNPCL courtesy of the great innovations introduced into the system by Kyari.
“We further use this medium to call on the security to investigate these faceless groups and their sponsors who are bent on killing the nations with lies and hatred in their bid to loot the economy,” the group noted.
By Modupe Gbadeyanka
The Economic and Financial Crimes Commission (EFCC) has explained why it initiated a move to freeze the bank account of the Osun State government.
Earlier on Wednesday, the Governor of Osun State, Mr Ademola Adeleke, claimed that the anti-money laundering agency asked one of its bankers, First Bank, not to release funds to the state government.
According to the Governor, this was part of the strategies to frustrate his administration ahead of the August 15, 2026, governorship election in the state.
Reacting to the issue on Wednesday night, the EFCC, in a statement, said it has been investigating the state government since March 2026 over an alleged “fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee (FAAC) account to the tune of N11.0 billion.
The organisation noted that some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the EFCC.
“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026.
“The commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved,” parts of the statement said.
In the disclosure, the agency noted that its preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources, stressing that it cannot “watch idly while a state government’s account is being pillaged.”
“While the commission is fully aware of the impending governorship election in Osun State, it has a responsibility to act in defence of the sanctity of the funds of the state. It will be uncharitable for the commission to allow an excuse of an upcoming election to fold its arms to perform its legally-assigned functions,” it pointed out.
The EFCC disclosed that it is “keeping watch over the finances of other states like Osun State. Many of these states are on the investigative radar of the commission to ensure accountability and probity. The commission has always pointed out that it is non-partisan and non-sectarian but always working in the overall interests of Nigerians. The Osun State government account was frozen to save public funds from being looted.”
The organisation urged the public “to ignore false narratives and deliberate demonisation of the works of the EFCC. The interests of all Nigerians are greater and will always be protected by the commission.”
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched a mobile application designed to monitor fuel consumption patterns in real time across retail outlets nationwide.
The NMDPRA, established under the Petroleum Industry Act (PIA) 2021, is responsible for the technical and commercial regulation of Nigeria’s midstream and downstream petroleum operations. The deployment of the mobile application aligns with the authority’s broader efforts to leverage technology to improve regulatory compliance and strengthen accountability.
The pilot phase of the project began on August 1 in Abuja and its six Area Councils, the authority said in a statement published on X.
As part of the rollout, the Executive Director for Distribution Systems, Storage and Retailing Infrastructure (DSSRI), Mr Ogbugo Ukoha, led a team alongside officials from the Abuja Regional Office to assess the readiness and operational performance of the digital platform at participating retail outlets.
According to the NMDPRA, the application captures inventory and compliance data in real time, enabling regulators to monitor fuel distribution more effectively while improving operational efficiency across the sector.
The authority said the platform would generate reliable, data-driven insights to support evidence-based decision-making, strengthen national energy security planning and enhance transparency in the downstream petroleum industry.
It added that the initiative is expected to provide significant value to government, investors, operators and other stakeholders by improving access to accurate fuel consumption and compliance data.
Nigeria’s downstream petroleum sector has undergone significant changes since the deregulation of the petrol market and the removal of fuel subsidies, with regulators placing greater emphasis on data-driven supervision to ensure product availability, prevent supply disruptions and discourage sharp regional disparities in distribution.
By Modupe Gbadeyanka
No doubt, moving money among African markets remains a slow, fragmented process that relies on multiple intermediaries and prolonged settlement cycles.
To solve this issue and drive the development of stablecoin-enabled payment services for businesses across the continent, Onafriq has joined forces with a leading stablecoin infrastructure provider, Privy.
The collaboration will enable Onafriq to create and manage embedded digital asset solutions for its partners and, in time, institutional clients where regulation allows. The initial phase focuses on cross-chain stablecoin transfers and treasury and settlement workflows, creating the foundation for future cross-border payment and liquidity solutions.
Integrating Privy’s secure infrastructure enables Onafriq to build the capabilities required to support a new generation of efficient digital payment services for banks, fintechs, and mobile money operators.
This partnership is a key component of Onafriq’s broader strategy to modernise pan-African payment infrastructure, enabling secure multi-modal wallets and more efficient movement of value across the continent.
The outcome will support a range of future institutional use cases, including stablecoin-enabled settlement, treasury management and liquidity services, as it reflects Onafriq’s commitment to driving Africa’s digital transformation agenda by investing in technologies that make financial services more efficient, connected and accessible.
It was gathered that Onafriq selected Privy for its enterprise-grade infrastructure to enable the seamless integration of digital asset wallet capabilities into its products, subject to regulatory approval, and deliver a simple user experience while abstracting the complexity of blockchain technology.
“At Onafriq, we keep investing in technology that makes payments faster and more accessible. Privy gives us a building block for faster settlement and better liquidity management. As demand for digital asset services grows, our goal is to ensure Africa’s payment ecosystem benefits securely and in line with regulatory frameworks,” the Group Chief Product and Innovation Officer at Onafriq,” Mr Luke Kyohere, said.
The chief executive of Privy, Mr Henri Stern, said, “Stablecoins will play an increasingly important role in the future of global payments, but real-world adoption depends on infrastructure that is secure, scalable and simple to implement. Working with Onafriq allows us to help build that foundation across Africa and beyond.”
