NNPC Cuts Top Personnel from 122 to 88

NNPC CUTS TOP PERSONNEL FROM 122 TO 88

11 Aug 2015

Group Managing Director (GMD) of NNPC, Dr. Ibe Kachikwu

Momoh, Muoneke, others affected by corporation’s job cut

Chineme Okafor in Abuja
The Nigerian National Petroleum Corporation (NNPC) on Tuesday effected a massive reshuffle, sack and retirement of top management personnel at its various strategic business divisions and subsidiary companies that pruned the top level personnel from 122 to 88.
The development which was contained in a statement from the corporation’s Group General Manager, Public Affairs, Ohi Alegbe in Abuja, showed that key amongst those that were relieved of their jobs were Prince Haruna Momoh, who superintended over the Pipeline and Products Marketing Company (PPMC), a subsidiary of the NNPC, as well as the Tony Muoneke who was appointed managing director of the Nigerian Petroleum Development Company (NPDC) not long ago.
Also, the corporation formally disclosed the appointment of four new Group Executive Directors (GED) who will manage affairs at the four new directorates that it said have been approved by President Muhammadu Buhari.
According to the statement, the Group Managing Director (GMD) of NNPC, Dr. Ibe Kachikwu, disclosed that the new appointments are in line with the federal government’s aspiration to transform the corporation into a lean, efficient, business-focused, transparent and accountable national oil company.
Ibe said that the move was also in keeping with international best practices.
As approved by Buhari, the statement confirmed earlier reports that Dr. Maikanti Baru will oversee the corporation’s exploration and production division, Mr. Isiaka Abdulrazaq will take charge as the GED for finance and services, Dennis Nnamdi Ajulu as the GED for refining and technology while Dr. Babatunde Victor Adeniran will head the commercial and investment division.
It noted that a new company secretary and legal adviser, Chidi Momah was appointed for the corporation.

Other appointment include Mrs. Esther Nnamdi Ogbue as the managing director of PPMC, Chinedu Ezeribe as managing director, Warri Refining and Petrochemicals Company (WRPC), Mr. Babatunde Bakare as managing director of the Nigerian Gas Company (NGC).