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Thursday, August 13, 2015
NNPC saw four new group executive directors named as part of Nigerian president Muhammadu Buhari’s overhaul of its petroleum sector. Maikanti Baru was named group executive director for exploration and production and Isiaka Abdulrazaq as group executive director for finance and services. The other appointments are Dennis Nnamdi Ajulu, as group executive director for refining and technology, and Babatunde Victor Adeniran group executive director for commercial and investment.
The new appointments follow Buhari’s appointment of former Exxon Mobil executive Emmanuel Ibe Kachikwu last week and the dissolution of the NNPC board in June.
“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,” said NNPC spokesman Ohi Alegbe in a statement. The statement added that more than 30 top management staff had been retired, “reducing the number from 122 to 83,” a good step as the state-run firm was bloated at the top.
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