Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign - Politics (6)

Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign - Politics (6) - Nairaland

Nairaland Forum › Nairaland General › Politics › Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign (46725 Views)

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Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by malali: 8:20pm On Dec 17, 2025

chipet67:
Build your own and make petrol free. Una own na to dey speak grammar with disjointed analysis.

As you read my analysis, drop your own na ?
Abi ? I force you read am ?

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by chipet67(m): 8:20pm On Dec 17, 2025

aariwa:
And you actually believe the one replacing him will be better? Lol

No, you are the only better person in Nigeria. Continue mooing

1 Like

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by naturefellow(m): 8:20pm On Dec 17, 2025

malali:
This is why Nigeria will always move backwards. We are slowly watching an individual capture the whole energy sector of a country.

This refinery was built on subsidized dollars from Nigerian CBN. This dollars were subsidized by all Nigerians. It was built at 350 naira to a dollar.

Now that 1 dollar is 1500naira. Nobody can build a refinery of that size in Nigeria. And no foreign investor will come to Nigeria and build a refinery. Because you cannot compete with one built at a cheaper 350 naira to 1 dollar.( By doing this he has established a monopoly)

Now this new puppet NMDPRA CEO will dance to Dangote's tune and petrol supply will be monopolized by him.

In a country like China, if Government gives you subsidized dollars and import waivers a portion of that refinery say 30-40% will be nationalized. It will be owned by the people. Because Nigerians revenue was used to subsidize the dollars.

Dangote built the refinery at 350 Naira to 1 dollar but will now sell petrol at 1500naira to 1 dollar......Do you see the scam ?

What kind of business man only thrives on government subsidies, government concessions,import waivers and monopoly of the market ?

We cannot use corruption to fight corruption.

I'm tired and don't understand what you just typed, but it makes sense.

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Iceberg3: 8:20pm On Dec 17, 2025

Such positions that oughtta be exclusively reserved for the Niger Deltans and you will be hearing "galadima,Abubakar,kyari,danbazzau Dan burob ba grin

, Mukaila,......economic parasites a d dogs in other people's manger!

You see these northerners all going for maritime and petroleum trainings just cos they wanna control all of souths petroleum and maritime sectors.

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by malali: 8:22pm On Dec 17, 2025

P1PrinceKT:
Even you will not agree to nationalise 30-40% of that refinery because it will die.
What happens to the other national refineries.

There is no country in the world. That relies on 90% of its petrol coming from one private businessman ?
Mention the country.
Do you know the hazards of giving the whole energy in a country to one single business man.....lol
Its absurd.

1 Like

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Gotocourt: 8:25pm On Dec 17, 2025

lapintoz:
The moment the news broke, I knew this man was toast. This is no bubu, your fingers get caught in the cookie's jar, you are toast! Tibubu will fry your ass......no lelele

I knew Baba was getting fired this week. I thought latest by weekend but it came earlier cheesy

. That #200B for marketers is a pure scam📌💯.

1 Like

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by heysquare(m): 8:25pm On Dec 17, 2025

malali:
This is why Nigeria will always move backwards. We are slowly watching an individual capture the whole energy sector of a country.

This refinery was built on subsidized dollars from Nigerian CBN. This dollars were subsidized by all Nigerians. It was built at 350 naira to a dollar.

Now that 1 dollar is 1500naira. Nobody can build a refinery of that size in Nigeria. And no foreign investor will come to Nigeria and build a refinery. Because you cannot compete with one built at a cheaper 350 naira to 1 dollar.( By doing this he has established a monopoly)

Now this new puppet NMDPRA CEO will dance to Dangote's tune and petrol supply will be monopolized by him.

In a country like China, if Government gives you subsidized dollars and import waivers a portion of that refinery say 30-40% will be nationalized. It will be owned by the people. Because Nigerians revenue was used to subsidize the dollars.

Dangote built the refinery at 350 Naira to 1 dollar but will now sell petrol at 1500naira to 1 dollar......Do you see the scam ?

What kind of business man only thrives on government subsidies, government concessions,import waivers and monopoly of the market ?

We cannot use corruption to fight corruption.

Me and you will complain of youths unemployment and when a patriot put all his life to create a business which others couldn't and be the only one doing the business, we will against the business and tagged it monopoly. What has happened to other 47 licence given to people to build refinery? They preferred importing rather than building theirs to provide job for youths and improve the economy. Would you have said what you're saying if you were employed in dangote refinery? Since when Donald Trump came to power all he has been busy doing is how to protect US economy by snapping tarrif on other countries recklessly and no American ever complained regarding that.

6 Likes

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Chucks13: 8:25pm On Dec 17, 2025

Too many problem in that oil and gas section.

Tinubu did not even wasted much time to replaced them which is a very active development no more time for rubbish.

1 Like

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by damoobaba: 8:26pm On Dec 17, 2025

FreeStuffsNG:
It is not about Dangote please.

It is by his alleged betrayal of public trust.

A career civil servant that can afford to spend $5 million on his 4 children schooling in Switzerland has already made his case bad enough.

Tinubu fights corruption his own way. Theyve fought and accused Jagaban, but when they come in one way, they flee in many direction. NO GODFATHER ONE MAN BARRACK.

3 Likes 1 Share

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by yinkeys(m): 8:27pm On Dec 17, 2025

How did he get millions of $
Yahu or what ?

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by TechToyin(m): 8:27pm On Dec 17, 2025

malali:
Is he really a good business man or someone who thrives on government subsidies, concessions and forced monopoly ?

Sorry Sir
But are you aware NNPC owns 15% of the refinery.
Are you also aware Dangote in Nigeria's Largest tax payer
Do you know of the Dangote Foundation.
Are you saying Dangote should give government the refinery to manage so they can destroy it .
Dangote also built cement factories in Zambia and other African countries.
Would you rather be built the refinery in another country?
Lastly, Sir, what do you have against Dangote?

5 Likes 1 Share

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Wotowotoman: 8:28pm On Dec 17, 2025

Chucks13:
Too many problem in that oil and gas section.

Tinubu did not even wasted much time to replaced them which is a very active development no more time for rubbish.

Guy, no lie abeg. You pass WAEC English? 🤔

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Gotocourt: 8:29pm On Dec 17, 2025

koning:
In all these, Dangote Refineries MUST not be allowed to become a monopoly.

Competition is good. That's the sure way for the citizens to benefit from lower petrol and diesel prices.

I don't give a hoot about the man that resigned or who Tinubu appoints.

Tinubu must not play Dangote scripts. We have not recovered from the price of Cement.

Hope you know FG take 50% tax on cement 📌💯. Dangote has said this severally

1 Like

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by damoobaba: 8:29pm On Dec 17, 2025

malali:
This is why Nigeria will always move backwards. We are slowly watching an individual capture the whole energy sector of a country.

This refinery was built on subsidized dollars from Nigerian CBN. This dollars were subsidized by all Nigerians. It was built at 350 naira to a dollar.

Now that 1 dollar is 1500naira. Nobody can build a refinery of that size in Nigeria. And no foreign investor will come to Nigeria and build a refinery. Because you cannot compete with one built at a cheaper 350 naira to 1 dollar.( By doing this he has established a monopoly)

Now this new puppet NMDPRA CEO will dance to Dangote's tune and petrol supply will be monopolized by him.

In a country like China, if Government gives you subsidized dollars and import waivers a portion of that refinery say 30-40% will be nationalized. It will be owned by the people. Because Nigerians revenue was used to subsidize the dollars.

Dangote built the refinery at 350 Naira to 1 dollar but will now sell petrol at 1500naira to 1 dollar......Do you see the scam ?

What kind of business man only thrives on government subsidies, government concessions,import waivers and monopoly of the market ?

We cannot use corruption to fight corruption.

Nigeria is moving forward. After Dangote refinery, BUA refinery is already in motion in Akwa Ibom state and Ondo state has given out license for the construction of another refinery. Enough of wasting time on NNPC refineries that are not working because petrol importers are sabotaging it. Tinubu is dealing with corruption his own way.

3 Likes 1 Share

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Gotocourt: 8:33pm On Dec 17, 2025

malali:

Tesla is a public owned American company, with the biggest shareholders being vanguard and blackrock which are virtually all Americans if pensions,mutual funds,etfs etc...It is not owned by Elon Musk.

Walmart is a public owned American company with the biggest shareholders being vanguard and blackrock which are virtually all Americans in pensions,mutual funds, etfs etc....its is not owned by Sam walton.

Dangote refinery was built with Nigerian Forex subsidies, and is now selling petrol at open market prices to Nigerians. Its 90% singlehandedly owned by Dangote.

Do you see the difference now ? I hope i educated you.

Hope you know lots of FDI was involved in building the refinery 📌💯. About 80% came from Europe

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Burob: 8:35pm On Dec 17, 2025

flexyrule:
After all I stated, you're still asking me how the information will be gathered.

Toh.

The explanation that you're requesting for is beyond your understanding.

Maybe you should stick to what you know or believe.

Yes o, it is beyond my understanding.

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by malali: 8:35pm On Dec 17, 2025

heysquare:
Me and you will complain of youths unemployment and when a patriot put all his life to create a business which others couldn't and be the only one doing the business, we will against the business and tagged it monopoly. What has happened to other 47 licence given to people to build refinery? They preferred importing rather than building theirs to provide job for youths and improve the economy. Would you have said what you're saying if you were employed in dangote refinery? Since when Donald Trump came to power all he has been busy doing is how to protect US economy by snapping tarrif on other countries recklessly and no American ever complained regarding that.

I completely understand your point. But we need to be careful not to accept a Greek gift. Giving Dangote monopoly of petrol in a country like Nigeria is not a good idea. Even if he has employed the whole Nigerian youths. There has to be strong independent regulatory oversight, which has nothing to do with Dangote.
For the refinery owner to have the regulator fired in 72 hours is bad optics. Because Dangote has just fired the people that will regulate him. Thats not how its done anywhere in the world
The Tariffs are to protect American Business, which are mainly publicly listed companies and not single companies owned by one man who puts all the profits in his pockets.
If Nigerians owned 40% of Dangote refinery and he owned the controlling stake of 60%. I would have no problem. But, with this singular action, we will lose all imports. He will raise the prices as soon as this dust dies down.
Then the next thing he will go after the other refineries. He will force them out of the market, by selling lower and a higher volume, till they pack up. He will also make sure no new refinery is built. Watch and see.

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by MRMRMR: 8:35pm On Dec 17, 2025

malali:
This is why Nigeria will always move backwards. We are slowly watching an individual capture the whole energy sector of a country.

This refinery was built on subsidized dollars from Nigerian CBN. This dollars were subsidized by all Nigerians. It was built at 350 naira to a dollar.

Now that 1 dollar is 1500naira. Nobody can build a refinery of that size in Nigeria. And no foreign investor will come to Nigeria and build a refinery. Because you cannot compete with one built at a cheaper 350 naira to 1 dollar.( By doing this he has established a monopoly)

Now this new puppet NMDPRA CEO will dance to Dangote's tune and petrol supply will be monopolized by him.

In a country like China, if Government gives you subsidized dollars and import waivers a portion of that refinery say 30-40% will be nationalized. It will be owned by the people. Because Nigerians revenue was used to subsidize the dollars.

Dangote built the refinery at 350 Naira to 1 dollar but will now sell petrol at 1500naira to 1 dollar......Do you see the scam ?

What kind of business man only thrives on government subsidies, government concessions,import waivers and monopoly of the market ?

We cannot use corruption to fight corruption.

Use your brain. With all the stolen dollars, no Nigerian govt or Nigerian gave us a functional refinery. This man worked hard wether with subsidized dollars or not, he built the biggest single train refinery in the world.
Look at govt refineries with all the billions of dollars on TAM with monthly operating costs are still not working. If not for Dangote, Nigeria's forex would be worse and petrol is now refined in Nigeria which is a thing of pride.

2 Likes

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Typing: 8:35pm On Dec 17, 2025

malali:
Is he really a good business man or someone who thrives on government subsidies, concessions and forced monopoly ?

You that is good in business what have you achieved? Where is your business brand ?

You are saying Dangote is not good in business

2 Likes

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Willie2015: 8:36pm On Dec 17, 2025

j on

malali:
This is why Nigeria will always move backwards. We are slowly watching an individual capture the whole energy sector of a country.

This refinery was built on subsidized dollars from Nigerian CBN. This dollars were subsidized by all Nigerians. It was built at 350 naira to a dollar.

Now that 1 dollar is 1500naira. Nobody can build a refinery of that size in Nigeria. And no foreign investor will come to Nigeria and build a refinery. Because you cannot compete with one built at a cheaper 350 naira to 1 dollar.( By doing this he has established a monopoly)

Now this new puppet NMDPRA CEO will dance to Dangote's tune and petrol supply will be monopolized by him.

In a country like China, if Government gives you subsidized dollars and import waivers a portion of that refinery say 30-40% will be nationalized. It will be owned by the people. Because Nigerians revenue was used to subsidize the dollars.

Dangote built the refinery at 350 Naira to 1 dollar but will now sell petrol at 1500naira to 1 dollar......Do you see the scam ?

What kind of business man only thrives on government subsidies, government concessions,import waivers and monopoly of the market ?

We cannot use cda
daorruption to fight corruption.

. Anyone that want to compete with da Dangote should go ahead and establish his refinery. The sky is enough for everyone to fly.. .. BUA is already doing that..... and no one has chased him out. We have enough billionaires that can compete if they have the guts... Elumelu.... Ovia.. Otedola.. Adenuga etc. To continue to grant import licenses to kill local production is a simple No in this season. FG need to ramp up it's supervisory role in encouraging health competition and reduce monopolistic tendencies. We need to kick out cabals out of every sector in Nigeria...those guys are doing more harm by chasing out foreign investors.. .. No foreign investor can fight these cabals the way Dangote is hitting them hard.da

2 Likes

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by peleson1: 8:36pm On Dec 17, 2025

malali:

Emefiele was corrupt. Dangote had no problem with him ?
He was getting subsidized dollar from CBN.

The subsidized dollar was a government policy to help Dangote on the refinery .

The regulatory agency farouk was in charge could not enforce or do the right thing . Instead he was grossly corrupt.. it's usual with Nigeria officials under APC .

Dangote is a business man

If farouk has a case against Dangote he should state it .. he was a government official saddled with such responsibility

2 Likes

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Burob: 8:36pm On Dec 17, 2025

Jayce242:
We are saying the samething
Same reason them no ask Dangote those questions, was same reason govt acted quickly, because Dangote no be small name. His hand in this case, prompted the govt to act quickly. Abi u think law enforcement agencies might not have all these info?? No be person process the school fees payment?

Yes we are.

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by malali: 8:38pm On Dec 17, 2025

Gotocourt:
Hope you know lots of FDI was involved in building the refinery 📌💯. About 80% came from Europe

If 80% is allegedly involved then who owns it ?
Are we outsourcing our petrol supply as a country to Europeans investors ?
Thats a security risk on its own.
There is no country in the world, that allows one business man to supply 90% of its petrol requirement.
Thats not done anywhere.

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Nobody: 8:39pm On Dec 17, 2025

LegendHero:
Jagaban no even let too much time waste.

They gave him soft landing with the resignation. Now make e go face ICPC.

There is no cabal in Asiwaju government, na he himself be cabal.

New CEO — Itsekiri woman from Delta State

Itsekiri woman from delta how relevant

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Harddiskng(m): 8:39pm On Dec 17, 2025

Zionmdde:
Dangote and his monopolistic gimmicks. Let him kwantinue.
Am sure the man was asked to resign

Nevertheless, a man without guilt is not afraid of scrutiny

We will all soon find out Dangote is not a good person at all, and would go to any lengths to serve his own interest.

Someone called him out on the capacity of his refinery, Dangote’s response to to publish the children’s names and their location undecided

What a very low and dirty move.

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by billyG(m): 8:40pm On Dec 17, 2025

$5m for a public servant children,we can see where all the foreign loans borrowed by this clueless gornment is going.
Something radical need to happen we cannot continue like this.

4 Likes

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Gotocourt: 8:40pm On Dec 17, 2025

integrity16:
Why do i feel like it was dangote's statement about Donald Trump being happy with his refinery that catalized Tinubu's action?

You too Sabi cheesy

, Dangote as a business man will have faster Access and influence towards Donald Trump with his network than Tinubu 📌💯.

1 Like

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by malali: 8:41pm On Dec 17, 2025

peleson1:
The subsidized dollar was a government policy to help Dangote on the refinery .
The regulatory agency farouk was in charge could not enforce or do the right thing . Instead he was grossly corrupt.. it's usual with Nigeria officials under APC .
Dangote is a business man
If farouk has a case against Dangote he should state it .. he was a government official saddled with such responsibility

Why didn't he expose Emefiele ?

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by FriendsAndFans(m): 8:42pm On Dec 17, 2025

olatade:
The thing Wey turn a whole Dangote to activists under Tinubu's regime fit kîll me. Man has complained more times under Tinubu on social media than at any point in his existence

Hahahaha

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by TechToyin(m): 8:43pm On Dec 17, 2025

malali:
Why didn't he expose Emefiele ?

Because Emefiele was not hindering his business

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by ceejayluv(m): 8:44pm On Dec 17, 2025

malali:
Is he really a good business man or someone who thrives on government subsidies, concessions and forced monopoly ?

He's a very talented and shrewd businessman.

1 Like

Re: Tinubu names new CEOs for NUPRC, NMDPRA as Komolafe & Farouk resign by Typing: 8:44pm On Dec 17, 2025

ZooOga:
Our NL children seemed to have learnt a new vocabulary word that they can also use in a grammar sentence correctly.
'Monopolistic'
Let's all congratulate dem.

Especially, that malali guy. He mentioned monopoly several times as if Dangote snatch his wife grin

4 Likes

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