President Muhammadu Buhari has replaced current the group managing director of the Nigerian National Petroleum Corporation (NNPC), Ibe Kachikwu with Maikanti Kacalla Baru.
According to a Facebook post by the presidential spokesman, Femi Adesina, Kachikwu was replaced by Baru after the President approved a board to see to the affairs of the NNPC.
The new board of NNPC, it was revealed, will be chaired by Kachikwu, who remains, the Minister of State for Petroleum.
In his words, “President Muhammadu Buhari has approved the composition of the Board of the Nigerian National Petroleum Corporation (NNPC), as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended.”
The new board is composed of the following:
A. Chairman-Dr Emmanuel Ibe Kachikwu, Honourable Minister of State for Petroleum;
B. Group Managing Director- Dr Maikanti Kacalla Baru;
C. The Permanent Secretary of the Federal Ministry of Finance; and
D. The following six persons:
1. Mallam Abba Kyari
2. Dr Thomas M.A John
3. Dr Pius O. Akinyelure
4. Dr Tajuddeen Umar
5. Mallam Mohammed Lawal, and
6. Mallam Yusuf Lawal.
President Buhari urges the new board to ensure the successful delivery of the mandate of the NNPC, ” and serve the nation by upholding the public trust placed on them in managing this critical national asset.”