Tinubu sacks NNPCL Boss, Kyari, others

President Bola Tinubu has sacked the Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari.

Tinubu also dissolved its board, removing the Chairman, Chief Pius Akinyelure and replace them with new appointees.

A new 11-man board, has Engineer Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman

Tinubu, in a statement by his Special Adviser on information and strategy, Bayo Onanuga, who announced the news, said the appointment is with immediate effect.

Tinubu explained that the decision is in line with section 59(2) of the Petroleum Industry Act (PIA) 2021 which empowers him to carry out the sweeping reconstitution, citing the need for “enhanced operational efficiency, restored investor confidence, and a more commercially viable NNPC”.

“Adedapo Segun, who replaced Umaru Isa Ajiya as the chief financial officer last November, has been appointed to the new board by President Tinubu.

“Six board members, non-executive directors, represent the country’s geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.

“President Tinubu appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as a non-executive director from the South East.

“Mrs Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Said Ahmed will represent the Ministry of Petroleum Resource