NNPC
BreakingHighlightOil & GasTop Story

Breaking: Shake up in NNPCL: Three Executive Vice-Presidents retired, replacements named

2.3k

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.

 

Leave a comment

Related Articles

NDLEA/Optometric Association Vision Centre Launch, Bold Move in Staff Welfare

As part of efforts to enhance staff welfare and morale, National Drug...

Breaking: NLC Pushes for Staggering N1m Minimum Wage in Fresh Talks with FG

The Nigeria Labour Congress (NLC) has formally begun negotiations with the Federal...

Nigeria’s Border Security: CDS Musa Proposes Double-Layer Wall

Nigeria’s Chief of Defence Staff (CDS), Gen. Christopher Musa, has proposed a...

Consumer Complaint: FCCPC Closes France, Belgium, Italy Visa Centres in Abuja

The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the visa...

Benue Crisis: Tinubu Appoints Akume to Lead Resolution Committee

President Bola Tinubu has directed the Secretary to the Government of the...

Senate Approves N360bn Increase in Rivers’ 2025 N1.8trn Budget, Cites Reasons

Rivers State’s Sole Administrator, Vice Admiral Ibok-Ete Ibak, has presented a revised...

Ahead of 50th Anniversary: Oyo Govt Unveils N63.4bln Renovation Plan for Government House

The Oyo State government has approved a whopping N63.47 billion for the...

Alleged terrorism: FG closes case against Nnamdi Kanu

The Federal Government on Thursday closed its case in the ongoing trial...

Dangote Pays Visit to NPA, Commends One-Stop-Shop Initiative’s Success

The Managing Director/CEO of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho,...

Defamation trial: Ezekwesili, Yesufu, others storm court for Akpoti-Uduaghan

A show of solidarity unfolded at the Federal Capital Territory (FCT) High...

Social Media Unstoppable, FG Won’t Muzzle Media – Information Minister

The Minister of Information and National Orientation, Mr Mohammed Idris, has acknowledged...

Just in: Defamation: Court grants Sen. Akpoti-Uduaghan N50m bail, adjourns until Sept. 23

A Federal High Court sitting in Maitama in the Federal Capital Territory...

Defamation: Akpoti-Uduaghan arrives in court for arraignment

Senator Natasha Akpoti-Uduaghan, the suspended representative for Kogi Central Senatorial District, has...

GF Moves to Tackle Food Insecurity, Poor Infrastructure

The Nigeria Governors’ Forum (NGF) has identified key factors driving the rising...

Consistent Innovations, Capacity Building Key to Quality Healthcare – Dr. Peterside

Dr. Dakuku Peterside, a renowned turnaround expert and accomplished technocrat, says continuous...

TCN Inaugurates Committee to Drive Power Sector Recovery, Boost Grid Efficiency

By Joycelyn Ellakeche Adah In a renewed push to reform Nigeria’s ailing...

Enugu Govt Inaugurates LOC for 23rd National Sports Festival, NSC Hails Gov. Mbah

The Enugu State Government has taken a significant step towards hosting the...

World Drug Day 2025: Marwa, UNODC urge public, state govts to join fight against illicit substance abuse

The Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA),...

Vandalism, Obsolete Infrastructure, Underfunding Threaten Nigeria’s Transmission Network – TCN MD

By Joycelyn Ellakeche Adah Delayed energy reform, incessant large-scale vandalism, obsolete infrastructure,...

Benue Killings: Tinubu Queries Security Chiefs Over Lack of Arrests

President Bola Tinubu on Wednesday expressed surprise that no arrests were made...