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The Enemy Within: On NNPCL GMD Bayo Ojulari’s Frenemies

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By Lanre Alfred

I have often said that the most dangerous wars are not fought in the deserts of Sambisa or the swamps of the Niger Delta; they are planned over champagne glasses in Maitama lounges, perfected in the conspiratorial corners of Abuja cocktail parties and waged in polished boardrooms.

Power in Nigeria is never left unchallenged, and if you imagine that enemies disappear because you survived one storm, then you are already courting disaster.

Which is why I find myself deeply unsettled by what I hear whispered in hushed tones about Bayo Ojulari, the Managing Director of the Nigerian National Petroleum Company Limited (NNPCL)....click link for details

Saboteurs Hinder Transformation, Says NNPCL Management

He believes, so I hear, that the storm around him has passed. He assumes that because he has not been dragged into yet another public scandal in recent weeks, the vultures have abandoned their hunt.

Nothing could be further from the truth. If anything, the vultures are circling closer, hungrier, and deadlier than before.

And I say this with the conviction of one who has lived long enough in high society’s theatre of intrigue to know that the fiercest daggers are not wielded by enemies at the gate but by friends at the table.

The storm around Ojulari is not over, it has only gone underground. The cabal that once sought his head has not retired to the shadows in defeat; they have regrouped, reorganised, and this time, their playbook is sharper.

The story making the rounds in select Abuja drawing rooms is chilling. A high-ranking member of Ojulari’s own management team, yes, a man who sits across from him in meetings, who addresses him as “sir” with practiced deference, has now become the lead conspirator. This individual, from what I am told, has positioned himself as the mole, the inside man, feeding external traducers with information, documents, and ammunition that could destabilise Ojulari’s tenure.

This is the cruel irony of power: the most dangerous enemy is always the one who knows your schedule, your weaknesses, your blind spots. I do not envy Ojulari. Imagine sitting in a boardroom, trading jokes with a man who has already drafted your obituary in the corridors of influence.

But Abuja is Abuja. Here, betrayal is not a character flaw; it is a survival tactic. And if Ojulari is not yet fully awake to this reality, then the next ambush may very well end his career.

Unlike the first round of attacks, which were noisy and visible, this fresh batch of assaults is being fine-tuned to be surgical. I have heard whispers of dossiers, files thick with allegations, some perhaps exaggerated, others entirely fabricated.

These dossiers, according to insiders, are being prepared to be leaked to the media and the power brokers who matter, those who have the ears of President Bola Tinubu.

And make no mistake, Abuja thrives on perception. In this city, a rumour repeated often enough acquires the texture of fact. A rumour in Asokoro can become a headline in Lagos within 24 hours. By the time Ojulari hears the story, it may already be too late.

Pundits are quick to say this is the cabal fighting back. And they are right. Nigeria’s oil and gas industry has never been a playground for the fainthearted. The entrenched interests who feel sidelined by Ojulari’s policies are not the type to lick their wounds quietly. They are used to getting their way; they are used to cutting deals in the dark. For them, Ojulari is an inconvenient roadblock, a man whose tenure threatens the delicate balance of influence that has lined pockets for decades.

So, of course, they want him out. And, of course, they will not stop until they achieve it. But the intrigue takes a darker twist when you consider the speculation that if Ojulari has soiled his hands even slightly; by signing off on a questionable contract, overlooking a misstep, or failing to cover his tracks, the cabal will weaponise that evidence against him. In other words, if he has given them a nail, they will build a coffin around it.

What unsettles me most is not the cabal, it is the fact that the betrayal is internal. Abuja society is full of stories like this. I recall a certain parastatal head who, believing he had defeated his enemies, threw a lavish party at the Hilton, only to discover months later that the man leading the charge to remove him was the “loyal subordinate” who toasted him at the event. History is full of such tragedies.

The lesson is simple: the enemy within is always deadlier than the enemy outside. Outside enemies may threaten, but inside enemies are deadlier.

If I were in Ojulari’s shoes, I would not sleep with both eyes shut. I would first tighten my house, conduct loyalty checks, and identify the moles. It is not paranoia, it is survival. Every empire has fallen because the emperor trusted the wrong man at the wrong time.

Second, Ojulari must embrace transparency like a shield. The moment a fresh rumour or narrative is launched, he must counter it with facts. Delay is fatal. In Abuja’s gossip economy, silence is rarely golden; it is a death sentence.

Third, and perhaps most importantly, he must reposition himself as indispensable to President Bola Ahmed Tinubu’s larger economic reforms. Because in this city, relevance trumps innocence. If Tinubu sees him as integral to his oil and gas vision, the cabal’s darts may bruise but they will not bury him.

Permit me, at this juncture, a detour into the cocktail circuit, because that is where much of this war is being plotted. I was recently at a dinner in Maitama where a senator leaned over his wine glass and said, “Ojulari does not know what is coming.” The table chuckled knowingly. This is how Abuja operates; wars are fought with official memos and in coded jokes at private dinners.

In Wuse II lounges, among the city’s nouveau riche, the talk is already that Ojulari is a marked man. Some believe he will not last the year; others insist Tinubu will protect him because “Baba does not like to be seen as succumbing to blackmail.” But the fact that his fate is a topic of casual conversation at high-society gatherings tells you everything; you are only safe in Abuja when nobody is talking about you.

Ojulari’s case is a reminder of how fragile power is in Nigeria. Today, you are celebrated with front-page photographs and glowing press releases. Tomorrow, you are the subject of a leaked dossier, your name smeared in WhatsApp groups, your allies deserting you one by one.

I remember the story of a certain former minister, a man once hailed as the “star boy” of his administration. One day, he was the darling of the President; the next, he was left out in the cold, betrayed by those he thought loyal. Abuja does not do permanent friends, it only does permanent interests.

And so, I return to my refrain: the storm is not over. It has only gone quiet, and quiet storms are the deadliest. Bayo Ojulari must not be lulled into a false sense of security. The enemy is not at the gate, the enemy is in his team. And unless he sharpens his instincts, fortifies his alliances, and stays two steps ahead, he may yet be unceremoniously booted out of office.

 

Source: Thecapitalng

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BREAKING: Petrol Price To Drop Below N900/Per Litre; Details Emerge

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The price of Premium Motor Spirit (PMS), popularly known as petrol, could fall to around N900 per litre if the proposed peace agreement between the United States and Iran is successfully implemented and global crude oil prices continue to decline.

The expectation follows fresh developments in the Middle East, where efforts to end months of hostilities have pushed international oil prices downward. Nigeria market report

Crude oil prices, which climbed sharply during the conflict, have dropped significantly in recent days as investors react positively to reports of a ceasefire framework and plans to reopen the Strait of Hormuz, one of the world’s busiest oil shipping routes.

Industry operators believe the development could eventually reflect in domestic fuel prices, especially as crude oil remains the major raw material for refined petroleum products.

Market watchers recalled that the prolonged crisis in the Middle East forced crude prices above the $100 per barrel mark, with some periods seeing prices rise beyond $120. The increase had a direct impact on fuel costs across several countries, including Nigeria.

During the period, petrol prices in Nigeria surged from about N830 per litre to around N1,300 per litre. Diesel and aviation fuel also recorded major increases, putting pressure on businesses and transport operators.

There are now growing expectations that local refiners, including the Dangote Petroleum Refinery, may review their prices if the downward movement in crude oil is sustained.

The refinery had previously reduced its petrol loading price from N1,275 per litre to N1,250 per litre after crude prices softened. Diesel prices were also adjusted downward during the same period.

A source familiar with operations at the refinery said another price cut is possible if the market remains stable. However, the source explained that a large volume of crude purchased at earlier, higher prices is still being processed, which could slow the pace of any immediate reduction.

According to the source, petrol selling at N900 per litre is achievable if global oil prices continue to decline and the market fully adjusts to the new realities.

Fuel marketers have also expressed optimism over the outlook.

The Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) said petrol prices could fall below N1,000 per litre once the Strait of Hormuz is fully reopened and crude oil returns to pre-conflict levels.

The association noted that Nigerians paid around N800 per litre before the crisis escalated and believes the market could gradually move back toward that range if peace is maintained.

The optimism comes after United States President Donald Trump announced that a peace arrangement with Iran was underway, with both countries expected to reopen the Strait of Hormuz as part of the agreement.

The planned reopening is expected to restore smoother global oil supply and reduce pressure on international energy markets.

Meanwhile, checks across the downstream sector indicate that some fuel marketers have already started adjusting their ex-depot prices below the current benchmark, signalling the possibility of another round of competition in the industry.

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No More N2.400/kg: Cooking Gas Landing Cost Crashes, as Dealers Release Fresh Prices

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The landing cost of imported liquefied petroleum gas (LPG), also called cooking gas, has dropped significantly, offering fresh hope for lower energy prices across the country.

New data released by the Major Energy Marketers Association of Nigeria (MEMAN) showed that the cost of bringing fuel products into Nigeria has now fallen below the ex-depot prices offered by the Dangote Refinery.

The development comes as petroleum marketers reportedly imported fuel and gas valued at about N279 billion to boost supply and take advantage of declining international market prices, according to a report by Punch.

Cooking gas prices also witnessed a sharp decline in landing costs, raising expectations that consumers may soon enjoy relief from soaring household energy expenses.

MEMAN disclosed that the landing cost of LPG fell to N950,000 per metric tonne. Based on the latest figures, the expected retail price of cooking gas should hover around N925 per kilogramme.

This contrasts sharply with the N1,410 per kilogramme reportedly sold by Dangote Refinery. Despite the reduction in import costs, many Nigerians have yet to feel the impact at the retail level, as cooking gas prices remain stubbornly high across major cities.

Retailers currently sell cooking gas for as high as N2,400 per kilogramme, while larger distributors maintain average prices around N1,800 per kilogramme.

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Filling Stations Adjust Petrol Prices Again as New Landing Cost Emerges

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Fresh petrol depot prices have emerged across Nigeria as marketers adjust to rising crude oil prices and renewed tensions in the Middle East.

The latest pricing changes come amid growing uncertainty in the global energy market following fresh military exchanges between the United States and Iran near the Strait of Hormuz, one of the world’s most important oil transit routes.

ndustry data tracked by PetroleumPriceNG and monitored by Legit.ng show that depot owners raised their Premium Motor Spirit (PMS) prices as a protective measure against potential losses linked to volatile international oil prices.

Global crude oil prices climbed during early trading on Wednesday, June 10, 2026, after the United States launched strikes on Iranian military infrastructure near the Strait of Hormuz.

As of 5:08 a.m. WAT, Brent crude rose by 1.03% to $92.39 per barrel, while the U.S. West Texas Intermediate (WTI) crude gained 0.91% to trade at $89.00 per barrel, according to a report by Oilprice.com

The market rally followed reports that American forces targeted Iranian air defence systems, radar installations and surveillance facilities after Washington accused Tehran of bringing down a U.S. Army Apache helicopter operating within the region.

The U.S. Central Command described the strikes as a defensive response. However, Iran denied responsibility for the helicopter incident and accused the United States of escalating tensions unnecessarily. The development has raised fears of a broader regional conflict that could disrupt global crude oil supplies.

Checks across fuel depots nationwide show that marketers have adjusted their petrol prices upward in response to the changing global market conditions.

According to the latest data: AIPEC now sells petrol at N1,247 per litre RainOil Lagos sells at N1,248 per litre Integrated depot price stands at N1,247 per litre Liquid Bulk has also fixed its price at N1,248 per litre Industry experts say the latest adjustments are largely precautionary as marketers attempt to shield themselves from potential losses should crude oil prices continue to rise.

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