Twenty-four hours after the Federal Government replaced the Group Managing Director of the Nigerian National Petroleum Corporation, it announced the sacking of all the eight executive directors of the corporation.

This was confirmed by the Group General Manager,
Group Public Affairs Division, NNPC, Mr. Ohi Alegbe, in a statement on Wednesday night in Abuja.

Alegbe said in the statement, “The Federal Government has approved the retirement of all eight group executive directors of the NNPC with
immediate effect. “The affected group executive directors are Mr. Bernard Otti, GED, Finance and Accounts; Dr. Timothy Okon, acting GED, Exploration and Production, who also doubled as the Coordinator, Corporate Planning & Strategy; Mr. Adebayo Ibirogba, Engineering and Technology; Dr. David Ige, Gas and Power; Ms. Aisha Abdurrahman,
Commercial and Investment; Dr. Dan Efebo,
Corporate Services; Mr. Ian Udoh, Refining &
Petrochemicals; and Dr. Attahiru Yusuf, Business
Development.”

The statement noted that the new Group Managing
Director of the NNPC, Dr. Ibe Kachikwu, personally
conveyed the Federal Government’s decision to the
GEDs. He expressed gratitude to them for their services to the corporation and wished them success in their future endeavours.

No replacements were named, but our correspondent gathered that four new group
executive director positions had been created and
that some names were already being considered by
President Muhammadu Buhari to fill them.

Sources at the corporation gave the new directorates as of Refining and Engineering, Exploration and Production, Commercial and Investment, and Finance.

Buhari had a week ago, pledged to fix the oil sector,
rid the industry of rot and recover money stolen by
operators in the sector. On Tuesday, he relieved Dr. Joseph Dawha of his appointment as the GMD of the national oil firm, replacing him with Kachikwu, who until his appointment was the Executive Vice Chairman and General Counsel of Exxon-Mobil (Africa).

The President had in late June dissolved the NNPC
board. The Federal Government, through the NNPC,
regulates and participates in the country’s petroleum industry.

The NNPC was established on April 1, 1977 as a
merger of the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel.
The law that created the firm permits it to manage
the joint ventures between the Federal Government
and some foreign multinational corporations,
including Shell, Agip, ExxonMobil, Chevron and Total.

Through the collaboration with the companies, the
Federal Government conducts petroleum exploration and production. But industry observers had on several occasions complained that the corporation lacked supervision, stressing that it had degenerated to a rent-collector for the government with less attention to transparency and accountability.

On Tuesday, the New York-based Natural Resources
Governance Initiative canvassed the need to overhaul the management of the country’s oil sales process by the NNPC as top priority for the Buhari-led administration to stem waste and loss of billions of dollars in revenue.

The international watchdog said in one of its latest
reports that the NNPC’s approach to oil sales was
suffering from high corruption risks and had failed to maximise returns for the nation.

The authors of the NRGI report, led by Aaron Sayne,
said, “We find that management of the NNPC’s oil
sales has worsened in recent years, and particularly
since 2010. The largest problems stem from the
rising number of ad hoc, makeshift practices the
corporation has introduced to work around its
deeper structural problems.”

The NNPC receives about one million barrels of oil
per day, or almost half of the country’s total
production, part of which is sold to its subsidiary,
Pipelines and Product Marketing Company, for the
country’s refineries, while a larger volume is sold to
traders.

Source: www.punchng.com/news/buhari-fires-eight-nnpc-group-executive-directors/

Okay....fired fine......nxt step is appointing alhaji dis alhaji dat....... Ndi hausa ibe ya ka oga etinye kwa.....

BETTER appoint a BIAFRAN warrior or RESIGN.....*this is Nigeria not northgeria*

Na so

thief go, thieves come..

The rot in the NNPC is never on the headgear of Diezani alone. There are several others in there whose hands are never clean. The NNPC probe will reveal this in due time. Nigeria shall be great again.

Baba we can see your handwork....kontinu

BurnaKing21:
BETTER appoint a BIAFRAN warrior or RESIGN.....*this is Nigeria not northgeria*

*sighs*

This is long overdue. Hope they won't be replaced with another set of thieves

We hope those going to be appointed next are coming on Merits.

unitysheart:
We hope those going to be appointed next are coming on Merits.

I hope so too

Cc
Lalasticlala

boboLIL:
Okay....fired fine......nxt step is appointing alhaji dis alhaji dat....... Ndi hausa ibe ya ka oga etinye kwa.....

Get sense u no gree get...do you want to remain clueless for the rest of ur life ?!

tucky200:

Get sense u no gree get...do you want to remain clueless for the rest of ur life ?!

Hahahaha. Early Thursday morning

When there is no news to keep the people
busy . . . . just fire somebody, put it in the news and keep people busy