By Israel Adebiyi

In the heart of Yoruba folklore, there is a child born with mischief stitched into his soul. He is Abiku—the spirit-child who comes into the world, only to die, and return again to inflict fresh sorrow. The desperate mother performs ritual after ritual, consults powerful babaláwos, adorns her child with protective charms, but Abiku always returns, mocking the hope of rebirth. In one telling, the babaláwo himself appears a fruad—his chants loud but empty, his herbs mere weeds.

The Nigerian National Petroleum Company Limited (NNPCL), formerly NNPC, embodies this tragic metaphor. It is the Abiku of Nigeria’s economic soul. Born in promises, baptized in reforms, renamed with boldness, yet it returns—every time—bearing the curse of failure. No sacrifice, legislation, or rebranding has been able to stop its descent into infamy.

Each administration comes chanting its own incantation. From the Petroleum Industry Bill to the so-called commercialization into NNPCL, none has tamed this entity. Like the mythical child, NNPCL is stuck in a cycle of rebirth without redemption.

Decades after its creation, Nigeria’s national oil company still refines no crude, despite billions of dollars poured into the Port Harcourt, Warri, and Kaduna refineries. These refineries remain ceremonial tombstones—massive industrial relics whose pipes no longer carry petroleum but pension burdens. Thousands of workers are paid full salaries at these ghost facilities. Their services neither generate fuel nor add value to the economy. It is a conundrum where work exists in name, and output exists only in fiction.

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Yet we continue to fund this lie. As if cursed, every government continues to pump public funds into these dead structures. The anomaly cum insanity deepens when successive administrations spend billions on these infrastructures, in the guise of turn around maintenance without results. What kind of privatized entity relies almost entirely on government goodwill to exist?

Yet again, as if on cue, the spirit-child has returned with blood on its hands.

The latest in this gory saga is the arrest of Umar Isa, the former Chief Financial Officer (CFO) of the NNPCL, by operatives of the Economic and Financial Crimes Commission (EFCC), over alleged fraud amounting to $7.2 billion. It is a staggering amount, reportedly linked to funds allocated for the so-called overhaul of the moribund refineries. Also in EFCC custody is Jimoh Olasunkanmi, the former Managing Director of the Warri Refinery.

During his tenure as CFO, Umar Isa allegedly supervised the disbursement of these funds—meant to breathe life into the corpse of our refining system. But instead of progress, Nigeria is left with smoke and mirrors. Allegations now hang over Isa and other senior officials for corruption, gross abuse of office, mismanagement of public funds, and receiving kickbacks from contractors.

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Among those reportedly under scrutiny are Tunde Bakare, the current MD of the Warri Refinery, as well as Ahmed Dikko and Ibrahim Onoja, both former MDs of the Port Harcourt Refinery. This unfolding scandal has, once again, brought the dark heart of the NNPCL into view—an institution drowning in opacity and defiance of accountability.

And if this wasn’t damning enough, the Senate Committee on Public Accounts, chaired by Senator Aliyu Wadada, has further sounded the alarm. The Committee flagged irregularities running into trillions of naira within the NNPCL’s finances between 2017 and 2023. Eleven damning queries have been issued to the finance team of the company, with a one-week ultimatum to explain where the smoke has been hiding the fire.

Meanwhile, Nigerians are breaking under the weight of rising petrol and diesel prices. The excuse? Fuel subsidy removal. The justification? Market forces. But who reaps these market rewards? Certainly not the citizens.

What NNPCL should be doing—investing, refining, generating revenue—it has failed to do. But it excels at opaqueness. For years, reports have emerged of trillions of naira in unremitted revenue, unaudited accounts, and shady swap deals. The claim of being a commercial entity has become a curtain drawn across fraud.

Even more troubling is the continued practice where the President of the Federal Republic of Nigeria also serves as the Minister of Petroleum. It is a conflict of interest institutionalized. From Obasanjo to Buhari and now Tinubu, this tradition has shielded the petroleum sector from true scrutiny. And what of the National Assembly? Constitutionally empowered to perform oversight, they too have become complicit, rubber-stamping oil budgets and feasting on PR briefings without demanding true accountability.

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The Petroleum Industry Act, which was meant to force transparency and push NNPCL toward true efficiency, now looks like yet another incantation in the growing pile of failed chants. It has not delivered competition, efficiency, or openness.

The tragedy is sharpened when one looks across to Dangote Refinery, a private investment that, without state subvention, is already setting a new benchmark. Dangote’s effort, flawed or not, at least reflects progress. NNPCL, by contrast, remains a mythical burden—too big to work and too sacred to touch.

So what do we do with a child like Abiku?

In the old stories, the only solution was brutal: expose him, reject the charm of return, and deny him the chance to keep the family in perpetual mourning. For Nigeria, this means a complete overhaul of the petroleum sector, not cosmetic renamings. It means dismantling what doesn’t work, opening up what is hidden, and giving way to systems that serve the people, not powerful cartels.

We must probe the NNPCL—not with press releases but with forensic audits. We must legislate actual penalties for failure and demand restitution for public funds misused. And we must, finally, separate governance from business.

Nigeria cannot afford to keep nurturing a child that brings no joy, only sorrow.

Until we are bold enough to lay Abiku to rest, we will continue to mourn over the carcass of our oil dreams.

President Bola Ahmed Tinubu and his wife, Senator Oluremi Tinubu, received Queen Mary Elizabeth of Denmark at the State House in Abuja on Tuesday.

The monarch, who paid a courtesy visit to the President, was welcomed at the President’s official residence within the State House.

Queen Elizabeth was accompanied by the Danish Ambassador to Nigeria, Jens Ole Bach Hansen.

The Chief of Staff to the President, Femi Gbajabiamila; Minister of Foreign Affairs, Ambassador Yusuf Tuggar; and the Minister of Budget and Economic Planning, Alhaji Atiku Bagudu, were present at the reception.

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Following the reception, a closed-door meeting occurred, marking a significant diplomatic engagement between Nigeria and the Kingdom of Denmark.

In a statement he signed and released vis his verified X page, President Tinubu said the conversation between him and the monarch was constructive and forward-thinking.

It was a distinct privilege to receive Her Majesty Queen Mary Elizabeth of Denmark today at the Aso Villa in Abuja. Together with the First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu, we welcomed Her Majesty on this important visit to our country.

“It was a distinct privilege to receive Her Majesty Queen Mary Elizabeth of Denmark today at the Aso Villa in Abuja. Together with the First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu, we welcomed Her Majesty on this important visit to our country.

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“Our conversation was warm, constructive, and forward-looking, grounded in mutual respect and the enduring ties between Nigeria and the Kingdom of Denmark. Her Majesty’s presence here stands as a mark of goodwill, shared values, and a renewed commitment to deeper cooperation across key areas,” the President said.

President Tinubu expressed his government’s commitment to partnerships that open opportunities for Nigerians.

“As a government, we remain committed to partnerships that uplift our people, open new opportunities for prosperity, and ensure a sustainable future for generations to come,” he said.

Inspector-General of Police (IGP) Kayode Egbetokun on Tuesday announced that 26 persons who actively participated in the killings in Yelwata Community, Benue State, on June 13, 2025, have been arrested.

Egbetokun said 47 people were confirmed to have been massacred during the attack, while 27 others sustained various degrees of injuries.

He said two of the bandits who were part of the attackers had earlier been killed on the ill-fated day by police operatives when they attacked the police station in the community.

The IGP said, “As you will all recall, on June 13, 2025, between the hours of 11:30 p.m. and 2:00 a.m., armed militias invaded Yelwata Community in Guma Local Government Area of Benue State, killing and maiming any soul on sight.

“The invaders rampaged and pillaged the community, setting several houses ablaze and maliciously destroying other properties and people’s means of livelihood.

“It was a coordinated attack of terror against the community.

“In this senseless and barbaric attack, forty-seven (47) persons were confirmed killed, twenty-seven (27) persons sustained various degrees of injuries, and hundreds of others have been displaced but not dead.

“The police and other security agencies responded with adequate deployment of personnel and resources, including the deployment of tactical units and special forces, to restore confidence in the affected community and neighbouring communities.

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“Also immediately deployed were detectives from our Intelligence Response Team (IRT), who swung into action, launching a manhunt for the perpetrators of the heinous crime.

“I am pleased to inform you today that twenty-six (26) persons directly connected to this crime have so far been arrested and their weapons recovered.

“On 19th June, two (2) prime suspects who were masterminds of the attack were apprehended from their hideout.

“This arrest led to the arrest of seven (7) other suspects on the following day, 20/06/2025, who were picked up from various locations where they had fled, hoping to evade justice.

“On 21st June, another key suspect in whose house the initial meetings to plan the attack were held was arrested.

“On 22nd June, a major breakthrough was recorded with the arrest of eighteen (18) other suspects who directly took part in the killings.

“On 23rd June, our detectives recovered two (2) GPMG and eight (8) AK-47 rifles, which were part of the weapons used during the attack.

“All 28 suspects are currently in custody and have voluntarily confessed to their individual and collective roles in the attack.

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“As I speak, legal proceedings are being finalised, and they will be charged to court without delay.

“We will go after anyone—planner or executor—who attacks any community in Nigeria. We will leave no stone unturned until every single individual responsible for the killing of innocent Nigerians is arrested and brought to justice.

Plateau

“Similarly, on 22nd June 2025, a heartbreaking incident occurred in Mangu, Plateau State, where a bus conveying passengers from Zaria was stopped and attacked by a mob.

“Tragically, nine (9) of the passengers were murdered, and three (3) sustained injuries before our teams could intervene and rescue the remaining twenty-two (22) victims.

“So far, twenty-two (22) suspects have also been arrested in connection with this gruesome act of mob violence.

“They too will face the full wrath of the law in court.

“Again, yesterday (Monday), 23/06/2025, another ugly incident was recorded in Benue, where two (2) persons travelling in a truck were killed at Agan Area, North Bank, Makurdi.

“Five (5) persons connected to the incident have so far been arrested and will also be made to face the full wrath of the law.

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“Let me use this opportunity to issue a stern warning: jungle justice, mob action, and taking the law into your own hands have no place in a civilised society.

“Every Nigerian has the right to life and a fair trial. We will not tolerate any individual or group who attempts to be judge, jury, and executioner.

“Those inciting violence and killing innocent Nigerians are warned to desist forthwith.

“The recent trend of reprisal killings—where innocent citizens are murdered in retaliation for crimes committed by others—is barbaric, senseless, and dangerous.

“It does not bring justice. It only fuels further hatred, inflames tension, and perpetuates the cycle of violence.

“I want to unequivocally condemn the recent spate of violence across our nation.

“This is not who we are. Violence is not the answer. I call on all Nigerians—regardless of religion, ethnicity, or background—to choose peace, embrace dialogue, and work together for the unity and prosperity of our country.

“I call on all communities across Nigeria to remain law-abiding, vigilant, and cooperative.

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“The security agents deployed to your communities are there to protect you. Work with them. Share information. Stay calm. Together, we will overcome these dark forces.

“I must acknowledge that the breakthroughs we have recorded—both in Benue and Plateau States—would not have been possible without the strong collaboration and synergy among all security agencies.

“The Nigeria Police Force continues to work hand-in-hand with the military, DSS, NSCDC, and other partners in pursuit of one common goal: to safeguard the lives and property of every Nigerian citizen.

“Our commitment to inter-agency cooperation remains firm and unshaken.

“I wish to thank Mr. President for providing the required support that facilitated the speedy arrest of the perpetrators of the Benue and Plateau massacres.

“I thank the Nigerian people for their continued cooperation. Your support strengthens our resolve. As we move forward, we appeal for even greater collaboration as we work tirelessly to rebuild trust, restore order, and ensure lasting peace across our dear country.”
(VANGUARD)