Skip to main content

"President Tinubu Reshuffles NNPCL Leadership, Appoints New CEO and Reconstitutes Board"

 


On Wednesday, President Bola Tinubu made the decision to remove Mele Kyari from his position as Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), appointing Bashir Bayo Ojulari as his successor, effective April 2, 2025.


The President also disbanded the existing board of the company, including Chairman Pius Akinyelure, and instituted a new 11-member board. This reshuffling was officially communicated in a statement issued by Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, in the early hours of Wednesday.


The statement clarified that President Tinubu had dismissed all other board members who were appointed alongside Akinyelure and Kyari in November 2023. Ojulari, the newly appointed CEO of NNPCL, will take charge of the company alongside Ahmadu Musa Kida, who has been designated as the non-executive chairman.


In addition, Adedapo Segun, who succeeded Umaru Ajiya as the Chief Financial Officer in November 2023, has now been confirmed as a member of the board. Six non-executive directors were appointed to represent various geopolitical zones of Nigeria. These include Bello Rabiu (North West), Yusuf Usman (North East), and Babs Omotowa, the former managing director of the Nigerian Liquefied Natural Gas (NLNG), representing the North Central region.


Furthermore, Austin Avuru was appointed as a non-executive director representing the South-South region, while David Ige will represent the South West, and Henry Obih will represent the South East. Mrs. Lydia Shehu Jafiya, the Permanent Secretary of the Federal Ministry of Finance, will represent the Ministry on the new board, alongside Aminu Ahmed, who will represent the Ministry of Petroleum Resources.


A Historical Overview of NNPCL Leadership


Since its establishment in 1977, the Nigerian National Petroleum Company Limited (NNPCL) has been steered by a series of Group Managing Directors (GMDs) and later Group Chief Executive Officers (GCEOs), each contributing significantly to shaping Nigeria's oil and gas sector. Below is a list of NNPCL’s leadership since its inception:


R.A. Marinho (July 1977 – April 1980)


Odiligi Lolomari (April 1980 – August 1981)


Lawrence Amu (October 1981 – November 1985)


Aret Adams (November

 1985 – April 1990)


Comments

Post a Comment

Popular posts from this blog

"Trump Unveils Sweeping 10% Tariffs on Global Imports, Triggering Global Backlash and Market Volatility"

Donald Trump has announced the imposition of universal 10% tariffs on all imports into the United States, marking a significant shift in global trade dynamics. The European Union has described the move as a "major blow to the world economy," while Italy has labeled it as "wrong." Australia has also expressed its discontent, stating that the decision "is not the act of a friend." China, identified by President Trump as one of the "worst offenders," has vowed to retaliate against the new tariffs. Following the announcement, Asian markets opened lower but later showed signs of recovery. Similarly, U.S. futures trading also experienced a decline. In related developments, President Trump stated that the United Kingdom will face a 10% tariff on its goods, while the European Union will be subject to a 20% tariff rate.
Post a Comment
Read more

Kano Governor Demands Public Parade of Suspects and Justice for Slain Hunters as Edo and Kano Leaders Unite in Condemnation

 Kano State Governor, Abba Yusuf, has called for the public display of the suspects responsible for the brutal killings of 16 hunters, as well as compensation for their grieving families. The governor made this demand during a condolence visit from his Edo State counterpart, Governor Monday Okpebholo, at the Kano Government House on Monday. This visit came just two days after the burial of the victims, who were murdered by a mob in Uromi, Edo State, following accusations of kidnapping. The tragic incident occurred last Thursday when a group of hunters, traveling in a truck, were intercepted by a vigilante group. While 10 of the hunters managed to escape, 16 were viciously murdered and burned alive. In his remarks, Governor Yusuf condemned the attack as a barbaric act, underscoring that it directly contravenes the core principles of Nigerian society, rooted in both Islamic and Christian teachings. "Such cowardly actions are inexcusable and disrupt the peace of our communities. The ...
Post a Comment
Read more

Trump's Tariff Tidal Wave: What’s Coming and Who’s In the Crosshairs?"

 Donald Trump has consistently emphasized that tariffs are forthcoming, a message that has remained steadfast throughout his presidency. However, the specifics regarding the tariffs—what they will apply to and when they will take effect—remain fluid, as import taxes have been rapidly implemented since his inauguration, making it difficult to track the full scope of his trade policy. To date, Trump has already increased duties on Chinese imports, as well as on steel, aluminum, and certain goods from Canada and Mexico. Additionally, higher tariffs on automobiles are set to take effect this week. The next major development is expected to be the announcement of a more comprehensive tariff plan, which the administration has been formulating over the past several weeks. Dubbed "Liberation Day" by the White House, the upcoming announcement is anticipated to shed light on these broader tariff measures. So, what can we expect to learn on Wednesday? What is the magnitude of the tariffs...
Post a Comment
Read more