APC Youths Demand Immediate Removal of NNPCL Boss Kyari Over $6.8bn Debt

APC youths are calling for the immediate dismissal of NNPCL boss Mele Kyari, citing a $6.8 billion debt. Discover the details behind their demands and the potential impact on the oil sector.

Mele Kyari, the Group Chief Executive Officer of Nigerian National Petroleum Corporation Limited (NNPCL), is facing calls for his removal from members within the ruling All Progressive Congress. The APC Youth Solidarity Network is leading this effort to unseat him.

As per the party group, the call ensued after it was disclosed that the oil company had an outstanding debt of $6.8 billion.

On Sunday, Olufemi Soneye – the company’s spokesperson – acknowledged that fuel supply costs were putting a strain on the business.

Confirming a report, he stated that the persistent fuel shortage in Nigeria was due to NNPCL’s debt of $6.8 billion owed to international oil suppliers.

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On Monday, Olalekan Isaac, the President of the APC youth organization addressed Kyari’s leadership failures at a press conference in Abuja.

Isaac voiced his disappointment with the company’s initial denial of any outstanding debt and criticized the lack of transparency within the oil industry.

“Our position as the APC Youth Solidarity Network remains firm – Mr. Mele Kyari must take complete accountability for this leadership debacle and step down from his role. It is crucial that he relinquishes his position to prevent any more shameful situations for our country in front of other nations,” stated the speaker.

“All citizens should condemn the complete hogwash that Kyari’s company is carrying out as it is completely untrue.”

He further stated that Mr. Kyari’s prolonged stay in office has become a constant cause of shame, damaging the standing of both our highly regarded political party, the All Progressives Congress (APC), and also impacting negatively on Nigerians as well.