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Fuel Crisis: BAVCCA Demands Answers from Tinubu’s Economic Team, Questions NNPCL’s $6 Billion Debt
The Bloggers and Vloggers, Content Creators Association of Nigeria (BAVCCA) has said it is shocking that Nigeria, a major crude oil-producing nation, finds itself in significant debt, particularly with the Nigerian National Petroleum Company Limited (NNPCL) reportedly owing over $6 billion to global suppliers.
BAVCCA in a press conference in Abuja … said it is alarmed by the continuous rise in fuel prices and the worsening economic situation across the country, noting that this current crisis is a direct result of the failure of those entrusted with managing Nigeria’s economy.
The group noted that there must be a clear and transparent explanation of how Nigeria’s oil revenues have been managed, adding that the current state of affairs suggests that funds have been misused or misallocated, and those responsible must be held accountable.
“While we commend President Bola Ahmed Tinubu for his genuine and consistent efforts to lead Nigeria to greatness, it is evident that his economic handlers are failing to support his vision.
The inability to effectively manage the country’s resources and finances is crippling the economy and placing an unbearable burden on Nigerians,” the statement noted.
The group noted those responsible for the reckless mismanagement of Nigeria’s resources and economy should be held accountable.
“We demand that those who have mismanaged NNPCL’s finances and plunged the nation into debt be thoroughly investigated and penalized for their actions.
“In addition, the policy of floating the Naira, which was expected to stabilize the currency and bring economic relief, has instead caused further depreciation of the Naira, leading to inflation and skyrocketing costs for essential goods and services.
The growing disparity between the official exchange rate and the black market is a testament to the poor management of the economy by the President’s economic team.
“The President must reconsider the composition of his economic management team. Nigeria needs capable, forward-thinking professionals who can implement sound policies to stabilize the Naira, reduce inflation, and restore public confidence in the economy
News
NYCN: High Court Bars Gbenga, others from holding election
Josl Ajayi
A High Court of the Federal Capital Territory has issued an order restraining Comrade Ademola Gbenga, Comrade Okechukwu Nnamene and others from conducting the National Youth Council of Nigeria (NYCN) election slated for October 7, pending the determination of the substantive suit before the court.
Justice J. E. Obanor, in an order dated October 6, 2025, in suit no: FCT/HC/CV/3803/2025 and motion no: M/12204/2025, sighted by our correspondent, directed the Inspector General of Police and the Department of State Services (DSS) to enforce the court’s order.
The claimants/applicants in the case are the Incorporated Trustees of the National Youth Council of Nigeria (NYCN) and Ambassador Sukubo Sara-Igbe Sukubo, representing the existing leadership of the Council.
The defendants include Comr. Ademola Gbenga, Comr. Okechukwu Nnamene, Comr. Abel Abaji, Comr. Alex Allen Akin, Comr. Hassan Mamman, the Inspector General of Police, and the Department of State Services.
It would be recalled that the NYCN, during its National Elective Convention held in Yenagoa, Bayelsa State, from September 20 to 22, re-elected Ambassador Sukubo Sara-Igbe Sukubo as President alongside other executives.
However, dissatisfied with the Sukubo-led leadership, Gbenga and his allies formed a parallel group and planned to conduct another election in Abuja on October 7.
Consequently, the court ordered all parties to maintain the status quo regarding the leadership of the NYCN, pending the hearing and determination of the motion on notice.
The Order read in part, “Upon hearing the Motion Ex parte and the accompanying affidavit of. Amb. Sukubo Sara-Igbe Sukubo listening to P. Ulofu ESQ., of counsel to the Applicants praying this Honourable Court for the following:-
“An Order of Interim Injunction restraining the Respondents (Gbenga and others) or any person(s) acting through them or on their behalf from conducting the scheduled election of the 7th day of October, 2025 or taking any further step concerning the subject matter of this suit respectively pending the hearing and determination of the motion on Notice.
“An Order of Interim Injunction directing the Respondents to maintain the status quo with respect to the leadership of the National Youth Council of Nigeria, pending the determination of and determination of the motion on notice.
“An Order directing the 6th (IGP) and 7th (DSS) Defendants/Respondents to enforce the Order of Court restraining the 1st to 5th (Gbenga and others) Defendants, their privies, agents, or howsoever called, conducting the scheduled election of the 7 th day of October, 2025 or taking any further step concerning the subject matter of this suit respectively pending the hearing and determination of the Motion on Notice.
“And for such further or other orders as this Honourable Court may deem fit to make in the circumstances of this suit and or application.
“The court ordered as follows: Application is hereby granted and order made as prayed. Case is adjourned to 16th October, 2025 for hearing of Motion on Notice.”
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