Some sweeping changes have been made in the management of the Nigerian National Petroleum Company Limited (NNPCL) with the exit of three Executive Vice-Presidents of the company.
Latest report reaching Persecondnews said the three Executive Vice Presidents, who are due for retirement in 2024, have been compulsorily retired.
The Executive Vice-Presidents are Abdulkabir Ahmed (Gas, Power and New Energies), Engr. Adokiye Tombomieye (Upstream) and Adeyemi Adetunji (Downstream).
The following have been named as replacements — Olalekan Ogunleye (EVP Gas, Power and New Energies), who takes over from Ahmed who had served the company in various capacity before the retirement.
Oritsemeyiwa Eyesan, who until his new appointment was the Chief Strategy and Sustainability Officer, is now in charge of Upstream while Adedapo Segun is the Executive Vice-President, Downstream.
Persecondnews gathered that the new appointments are part of the ongoing reforms at the NNPC Ltd and efforts to further reposition the company for global competitiveness.
On September 21 2021, the Corporate Affairs Commission had completed the incorporation of the NNPC Ltd in line with the provisions of the Petroleum Industry Act 2021.
Former President Muhammadu Buhari had on August 16, 2021, signed the Petroleum Industry Bill following its passage by the National Assembly in July 2021.
Following its incorporation, NNPCL was floated with an initial capital of N200 billion, the highest share capital by any government company in the country.