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Fuel Queue: Rights Group Writes New DG DSS To Investigate Mele Kyari, Other Oil Sector Players

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Fuel Queue: Rights Group Writes New DG DSS To Investigate Mele Kyari, Other Oil Sector Players—-A rights group, Centre for Human Rights in Africa, has written to the new Director-General of the Department of State Services (DSS), Adeola Ajayi, calling for an investigation into the activities of Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), and other top officials in the oil sector.

In the letter signed by Princess Caroline Obi, the group alleged that Kyari and other officials, including Gbenga Olu Komolafe, Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Farouk Ahmed, Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), have been involved in various nefarious activities that have hindered the growth and development of the oil sector in Nigeria.

 

Specifically, the group accused the officials of unaccounted crude oil production and sales, frustrating the functionality of refineries in Nigeria, and preferring the export of crude oil to refineries linked to them outside Nigeria, thereby shortchanging the government and accruing forex debts on the already stretched economy of the country.

The group also alleged that the officials have amassed wealth not commensurate with their earnings as chief executive officers of government organizations.

“The Director General would be alarmed about the rot in the oil and gas sector in Nigeria under the watch of the above-listed individuals,” the letter said.

“They have constituted themselves as clogs in the wheels of progress in the country. They have continued to milk the country dry by frustrating the functionality of the refineries in the country.

“It is also on record that they have been neck deep in frustrating the desire for local refining of petroleum products in the country, preferring the export our crude oil to refineries linked to them outside the shores of the country, thereby shortchanging the government and accruing forex debts on the already stretched economy of the country.

“We are therefore using this medium to call for an investigation of the above-mentioned individuals in a bid to unravel their nefarious activities and also put an end to it for the betterment of the country at large.
The Centre for Human Rights in Africa is conversant with the unalloyed commitment of the director general in the Nigerian project, hence our writing this letter requesting an investigation into the oil and gas administration in Nigeria.

“It is indeed sad that these individuals have constituted themselves into a gang working against the interests of the country. They have amassed so much wealth that is not commensurate with their earnings as chief executive officers of government organizations.

“We wish to also state that Mele Kyari, the chief executive officer of the Nigerian National Petroleum Company Limited is the ring leader, who has been engaging in acts that have cost the country considerable loss of revenues over the years.

“The Director General may wish to recall that recently, there was a news report on how officials of the NNPCL sign off substandard petroleum products from Malta into the country. This example is one of numerous others that have been detrimental to the economic stability of the country.”

The Centre for Human Rights in Africa called on the DSS to investigate the activities of the officials and bring an end to their alleged nefarious actions for the betterment of Nigeria.

“The Centre for Human Rights in Africa is desirous of a better Nigeria and one of the ways this could be achieved is when there is a clean-up in the administration of the oil and gas sector in Nigeria,” the letter added.

“This is also on the heels that Nigeria’s major source of revenue is crude oil production and sales. As it stands the country is on the brink of annihilation if urgent steps are not taken.

“We trust that the director general would use his good office to investigate the activities of the above-mentioned individuals in the overall interest of the country.”

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Sports

BREAKING: Vinícius Rescues Brazil as Morocco Hold Selecao to Thrilling World Cup Opener

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BREAKING: Vinícius Rescues Brazil as Morocco Hold Selecao to Thrilling World Cup Opener—-Morocco stunned the five-time champions with an early breakthrough before Vinícius Júnior’s moment of brilliance earned Brazil a hard-fought 1-1 draw in Group C.

Brazil were forced to settle for a point in their opening match of the 2026 FIFA World Cup after a spirited Morocco side held the South American giants to a 1-1 draw in a captivating Group C encounter at MetLife Stadium.

The Atlas Lions struck first in the 21st minute when Ismael Saibari latched onto a perfectly weighted pass from Brahim Díaz before calmly lifting the ball over goalkeeper Alisson Becker to give Morocco a deserved lead. The African side’s intensity and organization troubled Brazil throughout the opening stages.

Brazil responded through their star man Vinícius Júnior, who produced a moment of individual brilliance in the 32nd minute. The Real Madrid winger drove into the box and unleashed a powerful finish beyond Yassine Bounou to restore parity and ignite the Brazilian supporters.

Despite enjoying more possession after the break, Brazil struggled to break down a disciplined Moroccan defence. Morocco, meanwhile, continued to threaten on the counterattack and arguably created the clearer opportunities in the closing stages.

The result leaves Group C finely poised, with both teams earning a valuable point in what was billed as one of the most anticipated fixtures of the opening round. While Brazil avoided an early setback thanks to Vinícius’ heroics, Morocco once again demonstrated why they remain one of the most dangerous sides on the international stage.

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

 

Alpha Morgan Bank has announced a landmark financial performance, recording Profit Before Tax of N1.9 billion in just 10 months of operations, a result that stands as a major milestone in Nigeria’s banking industry and reinforces the Bank’s emergence as one of the country’s most remarkable new-generation financial institutions.

With this performance, Alpha Morgan Bank did not only break-even within an exceptionally short period, but also delivered what is believed to be a record-setting early-profit performance in the Nigerian banking sector, underlining the strength of its strategy, the discipline of its execution and the confidence the market has placed in its business model.

The Bank’s strong debut performance was supported by robust growth across key financial and operating indicators. Highlights of the 10-month financial statement include customer deposit of over ₦103BN, gross earning of ₦13.1 billion, net interest margin of 67%, non-performing loan ratio of 0%.

The performance was driven largely by strong synergy in customer acquisition and branch expansion, a deliberate focus on growth in demand deposits, creation of quality risk assets and balance sheet efficiency. These achievements were further supported by robust operational processes powered by sound technology and systems, management depth and expertise, experience and strategic oversight provided by the Bank’s Board.

Speaking on the performance, the Managing Director, Ade Buraimo, described the result as a significant validation of the Bank’s vision, business model and execution capacity.

“This is more than a financial milestone; it is a strong statement of what is possible when vision, discipline, sound execution, and market opportunity come together. From inception, Alpha Morgan Bank was built to be a commercial bank that is solution-driven and committed to delivering value at scale. To record a PBT of N1.9 billion in our first 10 months of operations is both historic and deeply encouraging. It reflects the dedication of our people, the trust of our customers and the solid foundation we have laid for long-term growth.”

 

 

 

About Alpha Morgan Bank

Alpha Morgan Bank is a customer-centric, innovative, and solutions-driven commercial bank, with a clear commitment to delivering “Satisfying Banking.”

Alpha Morgan Bank commenced operations in March 2025 with the rare distinction of regulatory approval for 14 branches across the country. This early footprint, combined with disciplined market execution, has enabled the Bank to build momentum across key business segments in record time.

Alpha Morgan Bank focuses on:

  • Human-Centred Technology: Digital tools designed for intuitive, everyday relevance and not vanity metrics.
  • Transparent Operations: From pricing to service promises, every process is clear, accountable, and customer friendly.
  • Customer-Centric Innovation: Continuously developing solutions and services driven by customer insights to deliver meaningful value and enhance satisfaction.

More than a financial institution, Alpha Morgan Bank positions itself as a partner in progress. Its vision is to drive possibilities, enable dreams, and reemphasize what it means to experience Satisfying Banking in Nigeria.

More about Alpha Morgan Bank on www.alphamorganbank.com

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