In a surprise move that shook watchers of Nigerian oil industry, President Muhammadu Buhari on Monday, removed Dr.Ibe Kachikwu as Group Managing Director of Nigerian National Petroleum Corporation (NNPC).
He retains his position as Minister of State for Petroleum.
This was contain in a statement by the Senior Special Adviser to the President on Media, Femi Adesina.
The statement said President MuhammaduThe Buhari has approved the appointment of a new Group Managing Director for the corporation.
He is Dr. Maikanti Kacalla Baru.
The President also approved the composition of the Board of the corporation as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended, Adesina said in the statement.
“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.”