₦airaland Forum

https://punchng.com/breaking-tinubu-sacks-nnpcl-boss-kyari-names-ojulari-as-replacement/

In a sweeping reconstitution of the Nigerian National Petroleum Company Limited board, President Bola Tinubu has removed the chairman, Pius Akinyelure and the Group Chief Executive Officer, Mele Kyari.

Consequently, the President appointed Bashir Ojulari as the new CEO, effective from April 2, 2025.

Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, revealed the development in a statement he signed in the early hours of Wednesday titled, ‘President Tinubu reconstitutes NNPC limited board, appoints new Chairman, Group CEO.’

“President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023.

“The new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman,” the statement reads.

Adedapo Segun, who replaced Umaru Ajiya as the chief financial officer last November, has been appointed to the new board.

Six board members, non-executive directors, represent the country’s geopolitical zones.


They are Bello Rabiu representing the North West, Yusuf Usman representing the North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas, who represents North Central.

“President Tinubu also appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as a non-executive director from the South East.

“Mrs Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Ahmed will represent the Ministry of Petroleum Resources,” Onanuga stated.

All the appointments are effective today, April 2.

President Tinubu, invoking the powers granted under Section 59, subsection 2 of the Petroleum Industry Act, 2021, emphasised that the board’s restructuring is crucial for enhancing operational efficiency, restoring investor confidence, boosting local content, driving economic growth, and advancing gas commercialisation and diversification.

He also handed out an immediate action plan to the new board “to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximisation objectives.”

Since 2023, the Tinubu administration has implemented oil sector reforms.

I swear, Tinubu knows what he's doing.....

For good

Good move if true

JASONjnr:
I swear, Tinubu knows what he's doing.....

Yeah? Why did he appoint them and put them through senate grilling??

Decidetolive:
Good move if true

And the post goes to another Yoruba again

Lol, yorubanization of nnpcl.....

He's helping to fix the North.... The opposition is gathering momentum.

DaddyCoool:
Yeah? Why did he appoint them and put them through senate grilling??

That's constitutional..... any political appointee must undergo that process and many more processes.

JASONjnr:
That's constitutional..... any political appointee must undergo that process and many more processes.

That's why Nigeria is a joke. You don't remove a top official YOU appointed unless for extremely egregious misconduct!

pdppower:
And the post goes to another Yoruba again

No he would have given it to Nnamdi kanu

DaddyCoool:
That's why Nigeria is a joke. You don't remove a top official YOU appointed unless for extremely egregious misconduct!

Mr ITK, go to court

ObaOfYorubaLand:
Lol, yorubanization of nnpcl.....

He's helping to fix the North.... The opposition is gathering momentum.

They will fail woefully. It's only death that can stop Tinubu in 2027. Go and write this down.