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$6.8b debt: APC group calls for removal of NNPC boss, Kyari

by Present Nigeria
September 3, 2024
in Business
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A group under the aegis of the All Progressive Congress (APC) Youth Solidarity Network, have called for the removal of the Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited, NNPCL, Mele Kyari.

The call, according to the party group, followed the revelation that the oil company owed $6.8 billion in debt.

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The spokesperson of the NNPCL , Olufemi Soneye, admitted on Sunday that the firm was strained by fuel supply costs.

He confirmed a report that the prolonged scarcity of fuel across Nigeria was caused by the $6.8 billion debt owed by NNPCL to international oil suppliers.

Speaking on matter at a press conference in Abuja on Monday, Olalekan Isaac, the President of the APC youths group, alleged that Kyari’s tenure is “full of leadership failure.”

“We, the APC Youth Solidarity Network, resolutely maintain that the time has arrived for Mr Mele Kyari to assume full responsibility for this leadership failure. It is imperative that he relinquish his position, thereby sparing our nation further international embarrassment and ridicule,” he said.

“It means the entire hogwash that the company is doing under Kyari is a big lie and should be condemned by all citizens.”

“Mr Kyari’s protracted occupation of office has devolved into an unrelenting source of embarrassment, tarnishing the reputation of our esteemed party, the All Progressives Congress, APC, and the Nigerian people,” he added

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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