The 2006 champions have two outstanding fixtures in addition to the two regular matches of the season, but General Manager Tony Ogola told KickOffNigeria.com that they are too broke to fund the games.
"This is a privately-owned club, and we have been doing our best to manage from Week 1, but those who run the league are not helping matters," Ogola said.
"When you spend your own money as a private individual, it is very hard to compete against clubs who receive allocation from the government every thirty days.
"So we will not play the remaining games of the season unless somebody gives us money to do so."
To underline the situation, Ogola says the players have been asked to go on break.
"We have given them a temporary break. If somebody brings money, we will call them back."
Ocean Boys have received financial assistance from the Bayelsa State government in the past, and Ogola admits that the they did so again this season.
"The Bayelsa State government has been assisting us. They have even approved some money for us, but it has not been released.
"We have been spending our money since while expecting the release of those funds from government, now we have no more money to spend."
The club already faces expulsion from the League after missing two consecutive matches, in clear violation of the NPL Rules, but Ogola insists that that is the league body's headache.
If the rule book is applied to the letter and Ocean Boys expelled, the decision could have game-changing consequences for the title race.