$6.8billion debt: Group calls for sanction

The APC Youth Solidarity Network has called for the immediate resignation of Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPCL) over the company’s admission of owing $6.8 billion in debt. Speaking at a press conference in Abuja, Olalekan Isaac, the President of the group expressed dismay over the […]

The APC Youth Solidarity Network has called for the immediate resignation of Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPCL) over the company’s admission of owing $6.8 billion in debt.

Speaking at a press conference in Abuja, Olalekan Isaac, the President of the group expressed dismay over the NNPC’s initial denial of owing no debt, only to later admit to the staggering amount.

“Only less than 14 days after that grandstanding the company has come out to accept the report that it was actually owing” Isaac said

“Regrettably, Nigeria, Africa’s largest oil exporter, finds itself in the incongruous position of importing virtually all its fuel requirements. This anomaly is obviously a direct consequence of years of systemic neglect and mismanagement of our state-owned oil refineries.

“Furthermore, the selfish interests and lack of visionary leadership within our oil and gas sector have hindered the optimal utilization of the newly commissioned 650,000 barrel-per-day Dangote refinery. Instead of producing marketable petrol for domestic consumption, this facility is compelled to export other fuels abroad, exacerbating our nation’s energy woes.

“This critical moment serves as a clarion call for transformative change, heralding a new era of transparency, accountability, and visionary leadership. We fervently implore Mr. Mele Kyari to relinquish his position, paving the way for fresh leadership that embodies the sacred values of openness, integrity, and responsibility that our citizens rightfully deserve.

“By resigning, Mr. Kyari would demonstrate his commitment to integrity, accountability, and the values that our party holds sacrosanct. The youth of this nation are vigilantly observing, and we demand leadership that mirrors our aspirations for a brighter, and more prosperous future.”

The APC Youth Solidarity Network urged President Bola Tinubu to facilitate Kyari’s immediate resignation, initiate a comprehensive investigation into NNPC’s financial dealings, and implement measures to prevent similar occurrences in the future.

The group reaffirmed their commitment to upholding the values of transparency, accountability, and exemplary governance, and vowed to continue advocating for a Nigeria where accountability reigns supreme