President Muhammadu Buhari on Tuesday,
August 4, gave instructions to the newly-
appointed managing director of the Nigerian
National Petroleum Corporation (NNPC) ,
while an insider source made breaking
disclosures.
It should be recalled that Emmanuel Ibe
Kachikwu was yesterday announced as the
new NNPC boss in an attempt to restore the
reputation of the body the tops of which are
often accused of being involved in corruption
schemes.
According to The Nation, Buhari
urged Kachikwu to first focus on the recovery
of the stolen oil funds.
A source disclosed that Kachikwu might also
be appointed the Minister of State
for Petroleum Sources. The other candidates
for the position reportedly include the former
executive secretary of the Petroleum
Products Prices Regulatory Agency, Stanley
Reginald; the managing director of the Shell
Petroleum Development, Osagie Okunbor, and
the NNPC deputy general manager (name not
provided).
Chargin Kachikwu on his new duties,
President Buhari gave him six terms of
reference to reshape the corporation:
1. To clean up the organization of corrupt
officials;
2. To recover stolen oil money;
3. To work in cooperation with the Economic
and Financial Crimes Commission and the
Directorate of State Service to ensure the
successful fulfillment of point 2;
4. To review the NNPC structure for the body
competitive on a global scale;
5. To set goals for all subsidiaries; and
6. To fix the all the national refineries for
them to work to maximum effect.
The source also narrated how the new NNPC
had been chosen:
“The new GMD of NNPC was picked after a
thorough search by the President. Actually, at
the end of the search, the choice was narrowed
down to four candidates.
“The President opted for Kachikwu who is the
Vice President of Exxon Mobil, not only in
Nigeria but in Africa. Buhari was impressed by
his impeccable credentials as the most senior
black African in any multi-national oil firm in the
world with 30 years experience.
“Apart from being a First Class graduate,
Kachikwu also obtained PhD in Law which
enabled him to rise to company secretary in
Exxon Mobil…
“In their negotiation, President Buhari repeatedly
said: ‘I won’t interfere with your work; I will give
you a free hand because I want to reform this
oil sector once and for all.’ The GMD accepted
the job following what he realized as ‘the
infectious patriotism and genuine intention of
the President’.”
President Buhari has been focusing on the
two major challenges after the assumption of
office: security and corruption. During the
election campaign, the APC candidate vowed
to eliminate insurgency and deal with public
funds embezzlement, which was believed to
be flourishing under the immediate past
administration.
The work is ongoing in both directions. As for
the first objective, the country head has made
many new appointments in the army
leadership, has negotiated with the
international leaders on the support and
cooperation in the fight against terrorism.
As far as the anti-corruption battle is
concerned, Buhari has noted that his
government took steps to identify the banks
and countries where the stolen oil money was
held. The president also considers dividing
the NNPC.

www.naij.com/507949-buahri-sets-6-objectives-new-nnpc-boss-source-makes-breaking-disclosure.html

Okay

Buriful

Good but are you sure they won't bounce this one out of office the way they bounced that one from nimassa DG office after 48hours. Okay let's wait for a week.

.

And the good thing is, anybody (including Kechikwu) that is not ready to work or does not meet target or not performing will be removed and replaced immediately. "Kosere ni Moscow"

Anyway, lets sit down and watch how dis one will go. #funnynation comedian

[size=20pt]what will happen to him if he did not meet up
Please let us knw, so den we can knw ow to judge him[/size]

Good strategy coming from Sai PMB. However he should also do the oversight function along with the new GMD!!!!

The goals set here by Buhari once again reflects how small minded Buhari is.

Kachikwu is required to try to run a transparent NNPC but the fight against corruption and recovering stolen money shsould be left to the EFCC and Police.

Kachikwu should rather focus on making NNPC the world class business it should be rather than another Government parastatal. I look at Petrobas of Brazil, Saudi Aramco of Saudi Arabia, Gazprom of Russia or BP of United Kingdom and wonder why our own NNPC can not rob shoulder with thses outfits.

I am sure with the experience of Kachikwu from Exxon Mobil he has seen how a big multi-National oil company works. I hope he brings such organisational restructuring to NNPC.

Everything in life is not about refighting the fights of yesteryears. Buhari must learn this if he is to make progress.

Only a blind/dumb person will doubt PMB's patriotism and genuine intentions towards Nigeria. These are not things you can feign, if you've got it, you've got it and it shows. God bless and give our Baba long life. Amen.

sayyid:
President Muhammadu Buhari on Tuesday,
August 4, gave instructions to the newly-
appointed managing director of the Nigerian
National Petroleum Corporation (NNPC) ,
while an insider source made breaking
disclosures.
It should be recalled that Emmanuel Ibe
Kachikwu was yesterday announced as the
new NNPC boss in an attempt to restore the
reputation of the body the tops of which are
often accused of being involved in corruption
schemes.
According to The Nation, Buhari
urged Kachikwu to first focus on the recovery
of the stolen oil funds.
A source disclosed that Kachikwu might also
be appointed the Minister of State
for Petroleum Sources. The other candidates
for the position reportedly include the former
executive secretary of the Petroleum
Products Prices Regulatory Agency, Stanley
Reginald; the managing director of the Shell
Petroleum Development, Osagie Okunbor, and
the NNPC deputy general manager (name not
provided).
Chargin Kachikwu on his new duties,
President Buhari gave him six terms of
reference to reshape the corporation:
1. To clean up the organization of corrupt
officials;
2. To recover stolen oil money;
3. To work in cooperation with the Economic
and Financial Crimes Commission and the
Directorate of State Service to ensure the
successful fulfillment of point 2;
4. To review the NNPC structure for the body
competitive on a global scale;
5. To set goals for all subsidiaries; and
6. To fix the all the national refineries for
them to work to maximum effect.
The source also narrated how the new NNPC
had been chosen:
“The new GMD of NNPC was picked after a
thorough search by the President. Actually, at
the end of the search, the choice was narrowed
down to four candidates.
“The President opted for Kachikwu who is the
Vice President of Exxon Mobil, not only in
Nigeria but in Africa. Buhari was impressed by
his impeccable credentials as the most senior
black African in any multi-national oil firm in the
world with 30 years experience.
“Apart from being a First Class graduate,
Kachikwu also obtained PhD in Law which
enabled him to rise to company secretary in
Exxon Mobil…
“In their negotiation, President Buhari repeatedly
said: ‘I won’t interfere with your work; I will give
you a free hand because I want to reform this
oil sector once and for all.’ The GMD accepted
the job following what he realized as ‘the
infectious patriotism and genuine intention of
the President’.”
President Buhari has been focusing on the
two major challenges after the assumption of
office: security and corruption. During the
election campaign, the APC candidate vowed
to eliminate insurgency and deal with public
funds embezzlement, which was believed to
be flourishing under the immediate past
administration.
The work is ongoing in both directions. As for
the first objective, the country head has made
many new appointments in the army
leadership, has negotiated with the
international leaders on the support and
cooperation in the fight against terrorism.
As far as the anti-corruption battle is
concerned, Buhari has noted that his
government took steps to identify the banks
and countries where the stolen oil money was
held. The president also considers dividing
the NNPC.

www.naij.com/507949-buahri-sets-6-objectives-new-nnpc-boss-source-makes-breaking-disclosure.html

Good enough, The president had held the bull by its horn.......This portrays a new dawn in the oilstream sector. This will eventually marks the new begging in the NNPC. Congratulations Mr Kachikwu, wishing you a very sucessful tenure.