Buhari approves new GGMs for NNPC

Hamilton Nwosa
Writer
new-diplomat default image
new-diplomat default image

Ad

Alleged Christian Genocide: Shehu Sani accuses Nicki Minaj of stoking tensions to appease Trump

By Obinna Uballa Former Kaduna Central senator, Shehu Sani, has issued a stern rebuke to Grammy-winning rapper Nicki Minaj, accusing her of exploiting Nigeria’s security challenges to win favour with United States President Donald Trump. His criticism comes amid a deepening diplomatic rift between Abuja and Washington over allegations of a “Christian genocide” in Nigeria.…

Tinubu postpones G20, AU-EU trips amid outrage over Kebbi abductions, Kwara church attack

By Obinna Uballa President Bola Tinubu has postponed his planned trip to South Africa and Angola following fresh security breaches in Kebbi and Kwara States that have heightened national anxiety. The President was scheduled to depart Abuja today for the 20th G20 Summit in Johannesburg and later proceed to Luanda for the 7th AU-EU Summit…

Why Big Oil Is Still Gushing Profits Despite Low Oil Prices

Despite oil prices trading about $15/bbl below their 52-week highs, Big Oil firms—Exxon, Chevron, Shell, and TotalEnergies—collectively earned over $21 billion in Q3. Exxon’s breakeven has fallen to ~$40/bbl through automation and efficiency gains. Shell and TotalEnergies leveraged market volatility from new Russia sanctions, with trading profits soaring as Shell’s U.S. trading arm generated $1…

Ad

images (7)President Muhamadu Buhari has approved new group general managers to manage some of the divisions of the Nigerian National Petroleum Corporation.

This is coming as the Group Managing Director of the corporation, Dr. Emmanuel Kachikwu, explained that the task of restructuring the national oil firm into a lean, efficient, and business-focused organisation warranted the management’s approval to retire 38 senior managers in the company.

Kachikwu explained that the downsizing which saw the exit of all senior managers who were billed to retire between now and December 2016, was also a cost-saving measure.

On Tuesday evening, Buhari fired the senior managers, approved four directorates for the corporation and allowed the NNPC to recruit 12 private sector personnel into the top management cadre to jump-start a new business outlook that would enhance the operational environment as a profit-driven business in contrast to its current civil service orientation.

The GMD stated that the trimming down exercise, apart from gearing the corporation in the direction of a leaner and more efficient organisation, had enormous cost-saving benefits.

Kachikwu outlined some of the new GGMs to include Mr. Mele Kyari, Crude Oil Marketing Division; Mr. Ahmadu Sambo, NNPC Oilfield Services; Dr. Surajdeen Afolabi, Information Technology Division/SAP; Mr. Zubair Aliyu, NNPC Capital; and Mr. Dafe Sejebor, Nigerian Petroleum Investment Management Services.

They also include Mrs. Kemi Akitoye, Human Resources Division; Mr. Godwin Okonkwo, Finance; Mr. Bello Rabiu, Corporate Planning Division; Mr. Anibo Kragha, Treasury; and Mr. Dalhatu Makama, Shipping (Nidas & Nikorma).

He added that Mr. Samuel Ndukwe is the GGM, Power; Mr. Mike Balami, Accounts; Mr. Yusuf Matashi, LNG; Mr. Rabiu Suleiman, Engineering and Technology; and Dr. Olubunmi Oyetunde; GGM, Medical.

The restructuring at the NNPC started last week Tuesday after President Buhari fired the former GMD, Dr. Joseph Dawha, and replaced him with Kachikwu.

A day later, the President sacked the firm’s eight group executive directors but announced no replacement, although our correspondent reported that the eight departments were trimmed to four.

The restructuring continued on Friday as Kachikwu redeployed the Group General Manager, Crude Oil and Marketing Division, Mr. Gbenga Komolafe, and replaced him with Mr. Musa Usman, who served briefly in acting capacity.

About two weeks ago, President Buhari declared a strong stance to fix Nigeria’s oil sector, rid the industry of rot and probe monies stolen by operators in the sector.

The President had in late June dissolved the NNPC board.

Ad

X whatsapp