President Muhammadu Buhari has removed Ibe Kachikwu as the Group Managing Director of NNPC, a statement from the Nigerian Presidency disclosed on Monday.
According to the statement signed by Presidential Spokesman Femi Adesina, Buhari has approved the composition of the Board of the Nigerian National Petroleum Corporation (NNPC), as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended.
Under the new composition, Ibe Kachikwu has been displaced as Group Managing Director of the corporation.
Kachikwu will however remain as minister of state for petroleum and will serve as chairman of the NNPC board.
The new NNPC GMD is Maikanti Kacalla Baru, according to the presidency.
The new board is composed of the following:
A. Chairman – Dr Emmanuel Ibe Kachikwu, Honourable Minister of State for Petroleum;
B. Group Managing Director – Dr Maikanti Kacalla Baru;
C. The Permanent Secretary of the Federal Ministry of Finance; and
D. The following six persons:
1. Mallam Abba Kyari
2. Dr Thomas M.A John
3. Dr Pius O. Akinyelure
4. Dr Tajuddeen Umar
5. Mallam Mohammed Lawal, and
6. Mallam Yusuf Lawal.
President Buhari urges the new board to ensure the successful delivery of the mandate of the NNPC, ”and serve the nation by upholding the public trust placed on them in managing this critical national asset.”
More details to come.
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