Polypyrrole coated oxidized multiwalled carbon nanotubes (oMWCNT/Ppy) were applied to determine the adsorption characteristics of Pb(II) and Cu(II) from their aqueous solutions. Structural and morphological characterization studies using scanning electron microscopy, thermogravimetric analysis, Fourier transform infrared and Raman spectroscopy showed successful preparation of the oMWCNT/Ppy composite. The influence of pH, contact time, and initial metal ion concentration on the adsorption of Pb(II) and Cu(II) was studied. The adsorption processes fitted well with Langmuir isotherm and pseudo-second-order kinetic models. The maximum adsorption capacities for Pb(II) and Cu(II) were determined as 26.32 and 24.39mg/g, respectively. Desorption studies indicated that the oMWCNT/Ppy composite could be reused for five cycles with minimum loss of its initial adsorption capacity.