The Management of the Nigerian National Petroleum Corporation (NNPC) has retired 38 Top Management Staff reducing the number from 122 to 83. The corporation has also appointed four new Group Executive Directors to man the four new Directorates that have been approved by the Presidency.

Anouncing the restructuring, Mr. Ohi Alegbe, GM corporate affairs  in a statement said, “the new Group Managing Director, Dr. Emmanuel Ibe Kachikwu, disclosed that 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.”

“The appointments which were approved by President Muhammadu Buhari, include Dr. Maikanti Baru, Group Executive Director, Exploration & Production; Mr. Isiaka Abdulrazaq, Group Executive Director, Finance & Services; Engr. Dennis Nnamdi Ajulu, Group Executive Director, Refining & Technology; and Dr. Babatunde Victor Adeniran, Group Executive Director, Commercial & Investment.”

“A new Company Secretary/Legal Adviser and Managing Directors have also been appointed for the Strategic Business Units. They are: Chidi Momah, Group General Manager, Company Secratarty & Legal Adviser; Mrs. Esther Nnamdi Ogbue, Managing Director, Pipelines and Products Marketing Company (PPMC); Engr. Chinedu Ezeribe, Managing Director, Warri Refinning & Petrochemicals Company (WRPC); Mr. Babatunde Bakare, Managing Director, Nigerian Gas Company (NGC); Mr. Inuwa Ibrahim Waya, Managing Director, Hyson; Mr. Abubakar Mai-Bornu, Managing Director, Nigerian Petroleum Development Company (NPDC); and Mr. Ladipo Fagbola, Managing Director, NNPC Retail.”

“Others are: Mr. Rowland Ewubare, Managing Director, Integrated Data Services Ltd (IDSL); Mr. Modupe Bammeke, Managing Director, NNPC Prpoerties; Mr. Abdulkadir Saidu, Managing Director, Duke Oil; and Mr. Dafe Sejebor, Group General Manager, Nigerian Petroleum Investment Management Services (NAPIMS).”

“The Corporation also retired 38 Top Management Staff reducing the number from 122 to 83.”

“Also in line with the aspiration to reposition the Corporation, 12 personnel have been recruited from the private sector into the Top Management cadre to jump-start a new business outlook to enhance the operational environment as a profit-driven business as against the current civil service orientation.”