A High Court of the Federal Capital Territory (FCT) has directed the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, to, within 14 days, explain why he should not face arrest and prosecution over allegations of money laundering and other financial infractions. The order, which has stirred fresh scrutiny around NNPCL’s leadership, followed a suit filed by a civil society organisation seeking deeper accountability within the national oil company.
Court Orders Accelerated Hearing
Justice Mohammed Madugu issued the directive after hearing an ex parte motion brought by the Incorporated Trustees of the Initiative for Promotion of Civic Obligation and Sustainable Peace. The group is asking the court to compel President Bola Ahmed Tinubu and the Attorney General of the Federation to instruct the Economic and Financial Crimes Commission (EFCC) to investigate Ojulari.
Furthermore, the judge ordered that all court processes be properly served on the parties involved and deemed as appropriately filed before the court. He also granted accelerated hearing, noting the public interest surrounding the allegations.
Petitioners Seek EFCC Probe
In the affidavit supporting the motion, deposed to by Ugoh Michael Toochi, the organisation alleged that Ojulari operated foreign accounts, failed to declare assets, and engaged in activities linked to money laundering. They argued that only a thorough investigation by the EFCC and other security agencies would restore public confidence in the management of Nigeria’s oil resources.
On December 5, 2025, the group demanded a full-scale inquiry into the NNPCL chief’s financial dealings, insisting that authorities must address the serious allegations.
Next Hearing Set for January
The court has fixed January 19, 2026 for further hearing on the matter. Until then, all eyes remain on NNPCL’s leadership and how Ojulari intends to defend himself within the 14-day window.
As Nigeria continues grappling with transparency concerns in the oil sector, this case may shape public perception of ongoing reforms and the government’s commitment to accountability.
