President Bola Tinubu has sacked Mele Kyari, the Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL).
The president also removed Pius Akinyelure as the board chairman of the group.
Bashir Ojulari was announced as the replacement for Kyari, with his appointment taking effect from Wednesday, April 2.
The development was made known by the president’s Special Adviser on Information and Strategy, Bayo Onanuga.
Onanuga made this revelation in a statement he signed in the early hours of Wednesday titled, ‘President Tinubu reconstitutes NNPC limited board, appoints new Chairman, Group CEO.’
He said, “President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023.
“The new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.”
Ahmadu Musa Kida has also been appointed as NNPC’s new non-executive chairman, replacing Akinyelure. Also, Adedapo Segun has been confirmed as the company’s chief financial officer (CFO).
In line with the PIA, the president also appointed six non-executive directors from each geopolitical zone.
They include Bello Rabiu representing the north-west, Yusuf Usman from the north-east, and Babs Omotowa, a former managing director of the Nigerian Liquefied Natural Gas (NLNG), for the north-central.
Others are Austin Avuru for the south-south, David Ige for the south-west, and Henry Obih for the south-east.
Lydia Shehu Jafiya, the permanent secretary of the federal ministry of finance, and Aminu Said Ahmed of the ministry of petroleum resources will represent their respective ministries on the new board.
