President Muhammadu Buhari has stripped the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu of the position of the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC). He is to be replaced by Dr. Maikanti Baru.
According to the statement issued by Special Adviser, (Media and Publicity) Mr. Femi Adesina, the appointment of Dr Maikanti Baru, as GMD of the corporation takes immediate effect.
The statement which was titled: “Buhari approves new board of directors for NNPC,” reads in parts:
“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.”
President Buhari however allowed him to remain as minister of state for petroleum and will serve as chairman of the new NNPC board.
The new board is composed of the following:
- Chairman-Dr Emmanuel Ibe Kachikwu, Honourable Minister of State for Petroleum;
- Group Managing Director- Dr Maikanti Kacalla Baru;
- The Permanent Secretary of the Federal Ministry of Finance; Mahmoud Isa Dutse, and
- The following six persons:
- Mallam Abba Kyari
- Dr Thomas M.A John
- Dr Pius O. Akinyelure
- Dr Tajuddeen Umar
- Mallam Mohammed Lawal, and
- 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.
Details To Follow Shortly.