President Muhammadu Buhari has approved the recruitment of 12 private sector players into the management cadre of the Nigerian National Petroleum Corporation (NNPC).
Apart from approving four new directorates, the president also approved the removal of the managing directors of the subsidiaries of the NNPC as well as the compulsory retirement of 38 top management staff of the firm, trimming down their number from 122 to 83.
The new NNPC Group Managing Director, Dr. Emmanuel Kachikwu, has now announced the appointment of four new Group Executive Directors, GEDs, to run the four new Directorates that were approved by the president.
The four new directorates are Exploration and Production, Finance and Services, Refining and Technology, and Commercial and Investment.
In addition to the four new GEDs, a total of 15 new appointments were announced by the NNPC with 12 of them coming from outside the fold.
In a statement released on Tuesday evening, the NNPC said the 12 were appointed “in line with the aspiration to reposition the corporation … to jump-start a new business outlook to enhance the operational environment as a profit-driven business as against the current civil service orientation.”
The new Group Executive Directors that will head the four Directorates are:
Group Executive Director, Exploration & Production – Dr. Maikanti Baru
Group Executive Director, Finance & Services – Mr. Isiaka Abdulrazaq
Group Executive Director, Refining & Technology – Mr Dennis Nnamdi Ajulu
Group Executive Director, Commercial & Investment – Dr. Babatunde Victor Adeniran.
Dr. Adeniran is one of those recruited from the private sector.
Furthermore, Mr. Chidi Momah is now the Group General Manager, Company Secretary & Legal Adviser.
Momah, one of the 12 from outside NNPC until his appointment, was the Executive General Manager, Government Relations & Communications, Total Upstream Companies in Nigeria.
For the Strategic Business Units are: Mrs. Esther Nnamdi Ogbue, Managing Director, Pipelines and Products Marketing Company, PPMC; Mr Chinedu Ezeribe, Managing Director, Warri Refinning & Petrochemicals Company, WRPC (outside the fold); Mr. Babatunde Bakare, Managing Director, Nigerian Gas Company (NGC); Mr. Inuwa Ibrahim Waya; Managing Director, Hyson (outside the fold); Mr. Abubakar Mai-Bornu, Managing Director, Nigerian Petroleum Development Company, NPDC (outside the fold); Mr. Ladipo Fagbola, Managing Director, NNPC Retail.
Others are Mr. Rowland Ewubare, Managing Director, Integrated Data Services Ltd, IDSL (outside the fold); Mr. Modupe Bammeke, Managing Director, NNPC Properties (outside the fold); Mr. Abdulkadir Saidu, Managing Director, Duke Oil (outside the fold) and,Mr. Dafe Sejebor, Group General Manager, Nigerian Petroleum Investment Management Services, NAPIMS.