Ibe Kachikwu removed as NNPC GMD, now chairman as NNPC gets new Board of Directors

President Buhari has removed Ibe Kachikwu as Group Managing Director of the NNPC, according to a statement by presidential spokesperson, Femi Adesina. Kachikwu has now been made chairman of the Corporation and also remains as the Minister of State for Petroleum. The new NNPC GMD is Maikanti Kacalla Baru.

Read the statement after the cut…

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.

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.”

FEMI ADESINA
Special Adviser
(Media and Publicity)
July 4, 2016