Many might have confused Maikanti Kacalla Baru, the immediate past Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), as one of the political cronies of President Buhari or the All Progressives Congress (APC). That would be completely unjust to a man that is arguably the best thing that can happen to the nation’s oil and gas sector.

Baru was appointed in July 2016 to replace Ibe Kachikwu, who needed more time on his job as the Minister of State for Petroleum Resources. His appointment came at a time the NNPC was in dire need of repositioning, following five years of unbelievable scandals and corruption.

The NNPC was at its lowest ebb due to the maladministration of Allison Diezani-Maduze, the minister in charge of the corporation under ex-president Goodluck Jonathan. On one occasion in 2014, the Nigeria Extractive Industries Transparency Initiative (NEITI) accused the NNPC of refusing to remit some ₦3.6 trillion to the Federal Government.

Continue reading here: https://qwenu.com/2019/06/21/maikanti-baru-the-astute-businessman-who-brought-back-the-glory-of-nnpc/