Buhari sacks MDs of NNPC subsidiaries, retires 38 managers

A massive shakeup yesterday occurred at the Nigerian National Petroleum Corporation (NNPC) as President Muhammadu Buhari fired the managing directors of all subsidiaries of the national oil firm.

The president also retired 38 top management staff of the corporation, trimming down the number from 122 to 83.

This was confirmed by the corporation’s spokesperson, Mr. Ohi Alegbe, who said in a statement that the appointments were approved by the president.

The president also appointed four new group executive directors for the corporation.

“The management of the Nigerian National Petroleum Corporation (NNPC) has appointed four new group executive directors to man the four new directorates that have been approved by the presidency.

“The new Group Managing Director, Dr. Emmanuel Ibe Kachikwu, disclosed that the new appointments are in line with the Federal Government’s aspiration to transform the corporation into a lean, efficient, business-focused, transparent and accountable national oil company in keeping with international best practices.

“The appointments which were approved by President Muhammadu Buhari, include Dr. Maikanti Baru, Group Executive Director, Exploration and Production; Mr. Isiaka Abdulrazaq, Group Executive Director, Finance and Services; Engr. Dennis Nnamdi Ajulu, Group Executive Director, Refining and Technology; and Dr. Babatunde Victor Adeniran, Group Executive Director, Commercial and Investment.

“A new Company Secretary/Legal Adviser and Managing Directors have also been appointed for the Strategic Business Units. They are Chidi Momah, Group General Manager, Company Secretary and Legal Adviser; Mrs. Esther Nnamdi Ogbue, Managing Director, Pipelines and Products Marketing Company (PPMC); Engr. Chinedu Ezeribe, Managing Director, Warri Refining & Petrochemicals Company (WRPC); Mr. Babatunde Bakare, Managing Director, Nigerian Gas Company (NGC); Mr. Inuwa Ibrahim Waya, Managing Director, Hyson; Mr. Abubakar Mai-Bornu, Managing Director, Nigerian Petroleum Development Company (NPDC); and Mr. Ladipo Fagbola, Managing Director, NNPC Retail.

“Others are Mr. Rowland Ewubare, Managing Director, Integrated Data Services Ltd (IDSL); Mr. Modupe Bammeke, Managing Director, NNPC Properties; Mr. Abdulkadir Saidu, Managing Director, Duke Oil; and Mr. Dafe Sejebor, Group General Manager, Nigerian Petroleum Investment Management Services (NAPIMS).

“The corporation also retired 38 top management staff reducing the number from 122 to 83. Also in line with the aspiration to reposition the corporation, 12 personnel have been recruited from the private sector into the top management cadre to jump-start a new business outlook to enhance the operational environment as a profit-driven business as against the current civil service orientation.”