Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has reportedly been forced to sign a resignation letter under pressure
According to a report by Peoples Gazette on Saturday, Ojulari was allegedly coerced into resigning on Friday during a meeting with the chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, and the Director-General of the State Security Service (SSS), Adeola Ajayi.
Citing anonymous sources, the report claims Ojulari was confronted and repeatedly questioned about his possible ties to Olatimbo Ayinde, a British-Nigerian oil entrepreneur who has recently become an influential figure within President Bola Tinubu’s administration.
“Mr Ojulari told us he didn’t know Olatimbo Ayinde,” a source said.
Neither the EFCC spokesperson, Dele Oyewale, nor Ojulari himself has responded to media enquiries as of Saturday afternoon.
The development comes amid recent concerns raised by the NNPCL over alleged internal sabotage targeting the leadership of the state-owned oil company.
Ojulari was appointed to the role in April 2025 by President Bola Ahmed Tinubu.
