The Nigerian National Petroleum Corporation (NNPC) has fired its Group Executive Directors and appointed new ones to replace them.
This is coming on the heels of the resumption of the oil giant’s new Group Managing Director, Dr Ibe Kachikwu yesterday and President Mohammad Buhari’s avowed determination to restructure the corporation which has been in the eyes of storm over alleged sleeze in the system runing into billions of Naira.
This was confirmed by the Group General Manager, Group Public Affairs Division, NNPC, Mr. Ohi Alegbe, in a statement on Wednesday night in Abuja.
Alegbe said in the statement, “The Federal Government has approved the retirement of all eight group executive directors of the NNPC with immediate effect.
“The affected group executive directors are Mr. Bernard Otti, GED, Finance and Accounts; Dr. Timothy Okon, acting GED, Exploration and Production, who also doubled as the Coordinator, Corporate Planning & Strategy; Mr. Adebayo Ibirogba, Engineering and Technology; Dr. David Ige, Gas and Power; Ms. Aisha Abdurrahman, Commercial and Investment; Dr. Dan Efebo, Corporate Services; Mr. Ian Udoh, Refining & Petrochemicals; and Dr. Attahiru Yusuf, Business Development.”
Meanwhile, as part of the plans to inject new blood into the corporation, its number of directorates have been reduced from eight to four with four new Group Executive Directors appointed to head them.
The new Directorates and their new Group Executive Directors who were elevated from the position of Group General Managers include Refining and Engineering with Dr. M.K Baru as Group Executive Director; Exploration and Production, Denis Nnamdi; Commercial and Investment, Bankole Komolafe and Finance and Administration which now has Isiaka Abdulrazak as Group Executive Director.
The Federal Government, through the NNPC, regulates and participates in the country’s petroleum industry.
The NNPC was established on April 1, 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel.
The law that created the firm permits it to manage the joint ventures between the Federal Government and some foreign multinational corporations, including Shell, Agip, ExxonMobil, Chevron and Total.
