President Muhammadu Buhari has removed Ibe Kachikwu as GMD of the Nigerian National Petroleum Corporation, NNPC.
He has also constituted a new board to be chaired by Maikanti Baru as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended.
A statement by presidential spokesperson, Femi Adesina showed that Kachikwu remains minister of state for petroleum and will serve as chairman of the NNPC board.
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.”
Details later…
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