Pulse Nigeria is the most followed news and entertainment platform, informing and engaging young Nigerians round the clock, providing updates by the hour.

Pulse Nigeria

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPC Ltd), has been told to resign in the wake of a staggering $6.8 billion debt admission by the company.

APC youths demand Mele Kyari’s resignation over $6.8bn NNPC debt scandal | Pulse Nigeria

Segun Adeyemi

<h2>Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPC Ltd), has been told to resign in the wake of a staggering $6.8 billion debt admission by the company. </h2>

At a press conference in Abuja, the President of the APC Youth Solidarity Network, Olalekan Isaac, criticised Kyari's leadership as a "failure."

Isaac expressed frustration over NNPC's previous denial of debt, only for the company to later acknowledge the massive financial burden.

He highlighted that it was forced to admit <a data-link-role-code="open_new_tab" href="https://www.pulse.ng/news/local/fuel-scarcity-may-worsen-as-nnpcl-admits-dollar6bn-debt-to-petrol-suppliers/6vf73bm">its substantial debt</a> just 14 days after NNPC disavowed a financial report suggesting no profits.

"We, the APC Youth Solidarity Network, resolutely maintain that the time has arrived for Mr. Mele Kyari to assume full responsibility for this leadership failure," Isaac declared.

He described the situation as a serious embarrassment for Nigeria and the ruling All Progressives Congress (APC).

READ ALSO: <a href="https://www.pulse.ng/news/fuel-scarcity-sparks-demand-for-probe-of-nnpc-boss/bjzq67h">Nigerians call for Kyari's probe amid lingering fuel scarcity</a>

Isaac also criticised the NNPC's governance, accusing Kyari of lacking transparency, accountability, and fiscal prudence.

He condemned the mismanagement that has led Africa's largest oil exporter to import most of its fuel despite the commissioning of the 650,000 barrel-per-day Dangote Refinery.

The group urged President Bola Tinubu to expedite Kyari's resignation and thoroughly investigate NNPC's financial practices. They stressed the need for new leadership that embodies integrity and transparency.

The APC Youth Solidarity Network vowed to continue advocating for a Nigeria characterised by exemplary governance and accountability.

Mele Kyari, chief executive officer of NNPC Co. Ltd. [Getty Images]

APC youths demand Mele Kyari’s resignation over $6.8bn NNPC debt scandal

Pulse Picks

Business

News

Entertainment

Lifestyle

Politics

Local

Metro

World

News 

Celebrities

Music

Movies

Fashion

Beauty & Health

Relationships & Weddings

Food & Travel

Domestic

International 

Sports 

Celebrity Picks

Pulse Marketing

Explore categories

Influencer Awards

Company Pages

Breaking News & Top Stories | Pulse Nigeria

Video

Checkout our authors for the latest content across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria 

Authors | Pulse Nigeria

| Pulse Nigeria

Read the latest news across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria

Search for the latest content across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria

Search Results | Pulse Nigeria

Watch the latest videos across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria