The Nigerian National Petroleum Company Limited is reported to have made key leadership changes.
The company on Wednesday named Adedapo Segun its new Chief Financial Officer (CFO).
He is to take over the position of CFO from Mr. Umar Ajiya.
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Until Segun’s appointment, he was the company’s Executive Vice President, downstream.
Similarly, the state-owned oil firm also announced Mr. Isiyaku Abdullahi as the Executive Vice President (EVP), Downstream, and the appointment of Mr. Udobong Ntia as the Executive Vice President (EVP), Upstream.
Tinubu should fire all management of NNPC. – Economist
Reacting to the development, an economist, Kelvin Emmanuel, called for a total unfurling of NNPC management by President Bola Ahmed Tinubu.
“Group CFO and EVP upstream is out. I think the president needs to fire its entire executive management and non-executive board. And give Federal Executive Council approval for unbundling it to the markets, “he said.
Recall that in the past weeks, calls have heightened for the sack of Mele Kyari, the Group Chief Executive Officer of NNPC, over Nigeria’s continued fuel price crisis.
From August to November 2024, NNPC announced at least three petrol hikes, which saw the product increase to N1,060 per litre from N617 at its retail outlets.
Until the recent deal between Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria, NNPC has been the sole buyer of Dangote Petrol.
IPMAN on Tuesday revealed that its members will slash the petrol price by at least N50 after Dangote Refinery agreed to sell the product directly to its members at N940 and N990 per litre.
