Wednesday, 12 August 2015

Briefly: Buhari Sacks 9 Top NNPC Officials, Retires 38 Directors

President Muhammadu Buhari has fired nine of the 16 managing directors of the Strategic Business Units (SBUs) of the Nigerian National Petroleum Corporation (NNPC) as part of the options for overhauling the group.

Meanwhile, the new Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Dr. Emmanuel Kachikwu, has confirmed the appointment of four new Group Executive Directors, GEDs, to run the four new Directorates that were approved by President Muhammadu Buhari following the retirement last week of eight GEDs and subsequent trimming of the post from eight.  

The GED appointments which were approved by Buhari include Dr. Maikanti Baru (Exploration & Production); Mr. Isiaka Abdulrazaq, (Finance & Services); Engr. Dennis Nnamdi Ajulu, (Refining & Technology); and Dr. Babatunde Victor Adeniran (Commercial & Investment.)  
Also, 12 personnel were recruited from the private sector into the top management cadre to jump-start a new business outlook at the NNPC and enhance the operational environment as a profit-driven business as against the current civil service orientation.  

Kachikwu reportedly said 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.

To this end, the NNPC top management staff cadre has also been trimmed from 122 to 83, as 38 of them are to proceed on compulsory retirements.

Sources: Vanguard and Dailytrust

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