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NNPC Ltd replies Atiku: President Tinubu, Wale have no equity stake in OVH acquisition

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NNPC admits owing petrol suppliers $6bn
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The Nigerian National Petroleum Corporation Limited (NNPCL) has refuted former Vice President Atiku Abubakar’s allegations that it has been taken over by “corporate cabals” connected to President Bola Tinubu.

In a statement issued on Wednesday, Atiku, through his media aide Paul Ibe, expressed surprise that NNPC placed its retail division under the management of OVH, a company in which Wale Tinubu’s Oando holds a 49 percent stake.

Atiku criticized this move, claiming it undermines his goal of privatizing NNPC and increasing its transparency, and described it as a “criminal hijack” by the president’s associates.

In response, NNPC issued a statement on Thursday, signed by Chief Corporate Communications Officer Olufemi Soneye, labeling Atiku’s claims as unfounded. The corporation emphasized that neither Wale Tinubu nor President Tinubu has any stake in the OVH acquisition.

NNPC stressed that its investment decisions are based on commercial viability and national interest, and that the organization is managed by professionals dedicated to enhancing value for the nation.

The statement reads: “The attention of NNPC Ltd has been drawn to a press release signed by Mr. Paul Ibe, a Media Adviser to the former Vice President, Alhaji Atiku Abubakar.

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“In the statement, the former Vice President was quoted to have lamented “the criminal hijack of the NNPC by corporate cabals around the current President”.

“He was also quoted to have listed the retention of Mr. Mele Kyari as the Group Chief Executive Officer of NNPC Ltd as a compensation for the alleged acquisition of NNPC Retail Ltd by OVH in which he claimed Mr Wale Tinubu held 49% stake.

“He further alleged that the NNPC Retail Ltd—OVH acquisition deal was part of a grand scheme by President Bola Ahmed Tinubu to integrate his personal business interests into Nigeria’s public enterprises at the federal level.

“NNPC Ltd wishes to set the records straight with the following facts: We are a commercially-focused and profit-driven company managed by professionals who are committed to adding value to the nation.

“Investment decisions by NNPC Ltd Management are strictly determined on the basis of commercial viability and national interest.

“At the time NNPC Ltd acquired OVH in 2022, Oando (in which Mr. Wale Tinubu has equity interest), had fully divested its equity in OVH to the two other partners – Vitol and Helios. Oando actually began its divestment in 2016, with Vitol and Helios coming in as equity partners, leading to the change of name from Oando to OVH. In 2019, Oando fully divested its equity interest in OVH resulting in Vitol and Helios holding 50% equity interests respectively.

“Upon acquisition of OVH by NNPC Ltd, both NNPC Retail Ltd and OVH effectively became subsidiaries of NNPC Ltd. However, based on professional advice and sound commercial considerations, NNPC Ltd opted to merge NNPC Retail Limited into OVH, and thereafter retain NNPC Retail Limited as the company name post-merger.

“The first step of merging NNPC Retail Ltd into OVH has been completed and the post-merger renaming as NNPC Retail Ltd is ongoing.

“Contrary to the false alarm raised, neither Wale Tinubu nor the President has any interest in the OVH acquisition.

“As a businessman, the former Vice President should know that effectiveness in business leadership is best measured by balance sheets and bottom lines rather than pedestrian considerations.

“The management of NNPC Ltd, under the leadership of Mr. Mele Kyari, has done very well in growing the company’s fortunes as shown in the 2023 Audited Financial Statement (AFS), where it reported N3.3 trillion as profit after tax.

“NNPC Ltd as a commercial entity is devoid of political interest and shall continue to conduct its business full of commitment to national interest and value creation for the benefit of all stakeholders. NNPC Ltd shall resist any attempt to draw its Board and Management into partisan politics.”

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Two Suspected Bandits Killed in Kano Ransom Collection Ambush, ₦10m Recovered

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Two suspected bandits have been killed and ₦10 million recovered after local hunters intercepted a gang allegedly involved in a kidnapping operation in Falgore Forest, Doguwa Local Government Area of Kano State.

The incident occurred in the early hours of Saturday, shortly after three suspected bandits collected the ransom demanded for the release of a 45-year-old man, Kabiru Aliyu.

Aliyu, a resident of Falgore Village, was abducted on September 11, 2026.

According to the Kano State Police Command, the suspects were intercepted by local hunters, popularly known as Yan Bula, while returning to their hideout after collecting the ransom.

Two of the suspects reportedly died during the confrontation, while the third escaped with injuries. The hunters recovered the entire ₦10 million ransom.

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The police spokesperson, Abdullahi Haruna Kiyawa, said preliminary investigations identified one of the deceased suspects as Dogo Isah, a commercial motorcycle operator from Maigwanda Village in Kubau Local Government Area of Kaduna State.

The operation was carried out under Operation Kukan Kura, a security initiative aimed at tackling kidnapping, banditry and other violent crimes in Kano State.

The Commissioner of Police, Ibrahim Adamu Bakori, commended the hunters for their intervention and directed security operatives to intensify efforts to apprehend the fleeing suspect and recover any weapons used by the gang.

The rescued victim was subsequently debriefed, medically examined and reunited with his family.

The incident highlights the role of local hunters in intelligence gathering and rural security, particularly in areas where difficult terrain poses challenges to conventional security operations.

However, the escape of one of the suspects leaves security operatives with the task of tracking him down and determining whether the gang was involved in other kidnapping incidents in the region.

The police urged residents to provide credible information that could assist ongoing efforts to apprehend fleeing suspects and prevent further criminal activities.

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2027: Atiku’s Son Pledges 10 Buses for Tinubu’s Re-election Campaign

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Abba Atiku Abubakar speaks during a visit to the APC National Secretariat in Abuja, where he pledged 10 buses for President Bola Tinubu’s 2027 re-election campaign. Photo: Hon Yusi Buba/Facebook
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Abba Atiku Abubakar, son of former Vice-President Atiku Abubakar, has pledged 10 buses to support mobilisation for President Bola Tinubu’s re-election campaign ahead of the 2027 general elections.

Abba made the pledge during a visit to the All Progressives Congress (APC) National Secretariat in Abuja on Friday, according to a statement issued by Yusi Buba, Senior Special Assistant on Youth Mobilisation to the party’s Deputy National Chairman.

He was received by the APC Deputy National Chairman (North), Bukar Dalori.

Buba said Abba commended the party’s leadership and Tinubu’s administration, expressing support for the President’s continued stay in office.

“In a demonstration of his commitment to the political engagement ahead of the 2027 general elections, Hon. Abba Atiku Abubakar announced the donation of ten buses to support activities aimed at mobilising support for the re-election of President Bola Ahmed Tinubu and Vice President Kashim Shettima in 2027,” the statement said.

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The APC aide said Dalori welcomed Abba and acknowledged his pledge, describing it as support for the party’s mobilisation efforts ahead of the elections.

The development followed Abba’s announcement of a nationwide mobilisation campaign for Tinubu’s re-election and the unveiling of the Haske Bola Tinubu Organisation, a political support group established to advance the President’s second-term ambition.

Speaking at a press conference in Abuja on Friday, Abba said the organisation would commence activities in the Federal Capital Territory before expanding to other parts of the country.

He also announced plans for a two-million-man mobilisation march across the six geopolitical zones, with the exercise scheduled to begin in Abuja.

Abba defected from the Peoples Democratic Party (PDP) to the APC in January, declaring his support for Tinubu’s re-election bid.

His father, Atiku Abubakar, is the presidential candidate of the African Democratic Congress (ADC) for the 2027 general election.

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NCDC Identifies Two Suspected Ebola Cases In North-East

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Two suspected cases of Ebola disease have been identified in the North-East region of the country.

The Nigeria Centre for Disease Control and Prevention (NCDC) disclosed this in a post via its official X handle on Saturday, adding that both individuals had been isolated.
It also said contact identification and listing are ongoing, and laboratory testing is underway.

According to the agency, confirmation is subject to laboratory results.
Two suspected cases of Ebola disease have been identified in Nigeria’s North-East region. Both individuals have been isolated, contact identification and listing is ongoing, and laboratory testing is being conducted,” the NCDC said.

“Being classified as suspected cases does not mean they are confirmed Ebola cases; confirmation is subject to laboratory results.

“The public is advised to maintain good hand hygiene, practise enhanced sanitation and follow guidance from public health authorities. Further updates will be provided as verified information becomes available.”

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The latest update by the NCDC came days after it said it identified another contact, an e-hailing driver, linked to the confirmed case of the recent Ebola outbreak in Nigeria, increasing the number of primary contacts to 54.

The NCDC Director-General, Dr. Jide Idris, told Channels Television on October 26 that efforts were ongoing to identify the secondary contacts.

“So we are not out of the woods yet until we are sure that we have all the contacts, and they have been followed up. So we are still not out of the woods; because the index case is out doesn’t mean that we don’t have that,” he said.

The Federal Government had announced Nigeria’s first confirmed case of the Bundibugyo strain in Abuja on October 20, 2026, identifying the patient as a woman with a recent travel history to Uganda, who returned to Nigeria with symptoms on October 7, but the Ugandan authorities denied reports of an Ebola outbreak in the East African country.

The index patient was later flown to Switzerland along with her husband.

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