‘Tinubu is worse than Abacha,’ Nigerians say as president’s nephew takes over NNPCL retail outlets
‘Tinubu is worse than Abacha,’ Nigerians say as president’s nephew takes over NNPCL retail outletsresident Bola Tinubu of Nigeria Backlash has trailed the news that the Nigerian National Petroleum Company Limited (NNPCL) has transferred all its retained assets to OVH Energy Marketing Limited, the operator of Oando Petroleum and a company owned by President Bola Tinubu’s nephew, Wale Tinubu. Chronicle NG reports that the company has now transferred its retail ownership and assets to OVH following a court approval, People’s Gazette reported. The NNPCL Retail is the primary importer of petrol in Nigeria. According to reports, in October 2022, the NNPCL announced it had acquired OVH Energy Marketing, owner and operator of the Oando downstream assets, from Nueoil Energy Limited a month after Nueoil Energy acquired OVH, which would. This transaction allowed the NNPCL to capitalise on the already existing success of OVH and create an opportunity for the state-owned company to utilise the busi...