Shakeup in NNPC as Chief Operating Officer Is Sacked, Others Redeployed
- A chief operating officer at Nigerian National Petroleum Corporation has been sacked by the management
- Also, some senior management staff have been redeployed within the corporation with immediate effect
- The shakeup is being done in preparation for the new status of the corporation as a limited liability company
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There has been a shakeup in the Nigerian National Petroleum Corporation (NNPC). Specifically, the NNPC announced the sack of a chief operating officer and at the same time, the promotion and redeployment of some senior staff members.
The shakeup was announced by the Group General Manager, Group Public Affairs Division, Kennie Obateru, Punch Newspaper reports.
Source: Twitter
He said Billy Okoye had been appointed the new Group Executive Director, Ventures and Business Development, while Aisha Ahmadu-Katagum, was promoted to the position of Group Executive Director, Corporate Services.
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Also, the statement said that Adeyemi Adetunji, formerly Chief Operating Officer, Business and Ventures Development, was now the Group Executive Director, Downstream, while Mohammed Ahmed, formerly Chief Operating Officer, Corporate Services, had now assumed the position of Group Executive Director, Gas and Power.
It was disclosed that other Chief Operating Officer positions in the Corporation had now been re-designated as Group Executive Directors.
This, it said, was preparatory to the new status of the corporation as a limited liability company, post-Petroleum Industry Bill, Guardian newspaper added.
Subsidy removal: Petrol price could rise to N1,000 per litre
Meanwhile, Legit.ng had reported that the Department of Petroleum Resources (DPR) issued a warning that when the petrol subsidy regime comes to an end, Nigerians may have to spend as much as N1000 per litre for the product if an alternative energy source is not provided.
This was disclosed by the DPR director, Sarki Auwalu, at the Second Quarter, 2021 Business Dinner of Petroleum Club Lagos.
In a statement seen by Legit.ng on the DPR website, Auwalu, who was responding to questions and comments generated by a paper he delivered, said Nigeria was spending so much on petrol subsidy.
What must be done to keep petrol at N162 per litre
In an earlier report by Legit.ng, the group managing director of NNPC, Mele Kyari, said smuggling of petroleum has to stop to avoid the rising subsidy payments that have kept the country in a state of bleeding.
He said Nigeria cannot afford the payment of subsidy with the high rate of daily consumption being recorded which is due to the illegal export of petrol through the nation's borders.
According to him, the menace of smuggling has to stop for the government to maintain the current N162 per litre.
Source: Legit.ng
