Monday, 4 July 2016

Buhari removes Kachikwu as GMD of NNPC, appoints Baru as replacement

According to a statement released this evening by the presidency, President Muhammadu Buhari has appointed Dr Maikanti Kacalla Baru as the new group managing director of the Nigerian National Petroleum Corporation (NNPC), a move which signals the removal of Dr Ibe Kachikwu as the GMD of the state-owned oil corporation.

Kachikwu, however, is now the chairman, board of NNPC.

in a statement signed by his spokesman, Femi Adesina, the President also 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.

he 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.”

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