NNPC's chief operating officer resigns

NNPC's chief operating officer resigns

- One of NNPC's top official has resigned his position a few months after he was redeployed

- Roland Ewubare's resignation from the national oil company came as a surprise

- It is not clear if there were official reasons why Ewubare turned in his resignation letter

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The chief operating officer in charge of Joint Ventures and Business Development of the Nigerian National Petroleum Corporation (NNPC), Roland Ewubare, has resigned.

News of his resignation surfaced on Friday, July 3. The NNPC is yet to issue an official statement on the issue.

It is however not clear why the NNPC top official resigned from the organisation.

Report has it that the top NNPC official who is from the south-south region resigned due to health reasons.

A source who spoke to Premium Times on condition of anonymity said Ewubare had to take a bow from office as a result of his failing health due to an undisclosed illness.

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This Day reports that the top shot turned in his resignation letter on the morning of Wednesday, July 1.

NNPC Chief Operating Officer, Ewubare, resigns

Roland Ewubare, the Chief Operating Officer of the NNPC, suddenly resigned from the national oil company. Photo Credit: Premium Times
Source: UGC

According to the publication, he attributed his quitting the NNPC to his need to join his family outside the country.

He said: “I’m leaving to return to my family in the United States. I have been in NNPC for five years, mostly away from them. With the pandemic, I can’t travel to visit them and they can’t come to visit me. It’s tough. At the core, I’m a family man. Stepping down solely for personal family reasons. That’s the truth.”

Ewubare was the Chief Operating Officer in charge of the Upstream of the national oil company before his redeployment. He was also the Group General Manager, National Petroleum Investment Management Services (NAPIMS) between August 2017 and July 2019.

Meanwhile, reports earlier suggested that there was a kind of uncertainty in the petroleum sector following fresh information from the Petroleum Products Pricing Regulatory Agency (PPPRA).

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Legit.ng reported that the information had to do with fixing of prices for fuel products in the country, coming just days after the new pump price for the premium motor spirit, better known as petrol, was fixed at N121.22 per litre.

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It is, however uncertain if this development is likely to create a major crisis in the oil sector in the coming days, especially with the initial reports that the marketers would now have the power to fix prices as they deem fit.

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Source: Legit

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