BREAKING!!! Tinubu sacks Kyari, Removes entire NNPC Board | #Politicsnigeria

President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari.Nigerian cultural tours

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.

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.

Nigerian cultural tours
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 Resources.

All the appointments are effective today, April 2.

President Tinubu, invoking the powers granted under Section 59, subsection 2 of the Petroleum Industry Act, 2021, emphasised that the board’s restructuring is crucial for enhancing operational efficiency, restoring investor confidence, boosting local content, driving economic growth, and advancing gas commercialisation and diversification.

President Tinubu also handed out an immediate action plan to the new board: to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximisation objectives.

Since 2023, the Tinubu administration has implemented oil sector reforms to attract investment. Last year, NNPC reported $17 billion in new investments within the sector. The administration now envisions increasing the investment to $30 billion by 2027 and $60 billion by 2030.

The Tinubu administration targets raising oil production to two million barrels daily by 2027 and three million daily by 2030. Concurrently, the government wants gas production jacked to 8 billion cubic feet daily by 2027 and 10 billion cubic feet by 2030.

Furthermore, President Tinubu expects the new board to elevate NNPC’s share of crude oil refining output to 200,000 barrels by 2027 and reach 500,000 by 2030.

The new board chairman, Ahmadu Musa Kida, is from Borno State. He is an alumnus of Ahmadu Bello University, Zaria, where he received a degree in civil engineering in 1984. He also obtained a postgraduate diploma in petroleum engineering from the Institut Francaise du Petrol (IFP) in Paris

He started his career in the oil industry at Elf Petroleum Nigeria and later joined Total Exploration and Production as a trainee engineer in 1985.Nigerian cultural tours

Musa became Total Nigeria’s Deputy Managing Director of Deep Water Services in 2015. Last year, he became an Independent Non-Executive Director at Pan Ocean-Newcross Group.

Apart from his oil industry career, Ahmadu Musa Kida is a former basketballer and the president of the Nigerian Basketball Federation(NBBF) board.

Ojulari, the new NNPC Limited Group CEO, hails from Kwara State. Until his new appointment, He was Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company. His Renaissance recently led a consortium of indigenous energy firms in the landmark acquisition of the entire equity holding in the Shell Petroleum Development Company of Nigeria (SPDC), worth $2.4 billion.

Like Kida, Ojulari is also an alumnus of Ahmadu Bello University, Zaria. He graduated with a degree in Mechanical Engineering. He worked for Elf Aquitaine as the first Nigerian process engineer to begin a stellar career in the oil sector. From Elf, he joined Shell Petroleum Development Company of Nigeria Ltd in 1991 as an associate production technologist.

Apart from working in Nigeria, he worked in Europe and the Middle East in different capacities as a petroleum process and production engineer, strategic planner, field developer, and asset manager. In 2015, he became the managing director of Shell Nigeria Exploration and Production Company (SNEPCO).

During his career, he was chairman and member of the board of trustees of the Society of Petroleum Engineers (SPE Nigerian Council) and a fellow of the Nigerian Society of Engineers.

Source : https://politicsnigeria.com/breaking-tinubu-sacks-kyari-removes-entire-nnpc-board/

.fct for the first time
Well I see this coming from the angle of naira for crude mishandling.

After he don use mele to enrich his entire lineage...you all will be wondering why he kept mele this long,,he kept him to use d same template mele used to enrich buhari's entire family both born and unborn..

Okay.

Let's see if this will bring down the price of food items. I heard they said the prices of food items are beginning to come down!

This must be in another world. They're not in tune with what is happening with the masses

He should sack himself, as if this will reduce price of fuel

Worst thing to happen to Nigeria since 1914

Long overdue

Finally finally the bandits and untouchables presiding over this cesspit of corruption have been shown the way out.
I only hope the new entrants will be less wicked and corrupt so that Nigerians can experience some relief.
My one cent.
🥺🥺🥺🥺

Kyari don enjoy wetin no good....Is it the same Austin Avuru of Seplat?

Long overdue. EFCC should do the needful

Edoreborn:
After he don use mele to enrich his entire lineage...you all will be wondering why he kept mele this long,,he kept him to use d same template mele used to enrich buhari's entire family both born and unborn..

He can equally use anybody appointed on his first date to enriched himself and his family

Did the werey Kyari see this coming or it came inform of an April fool that later ended true to his own very eyes?

Mele Kyari was due for retirement since last year. He was only kept on board to stabilize the industry. He has served well and it’s time to take a bow. We thank him and all members of the outgoing board for their service to the country.

Congratulations to all those newly appointed to the board and management of NNPC. Hopefully, they should see this as a call to service and not for personal aggrandizement. Nigerians want to see more transparency and accountability from the new NNPC management.

Okay

Finally

It's only in Nigeria when a president makes a decision we don't know if it's for good Impact on the people or personal reasons.
But I still love the fact they were sacked.
Overstayed there welcome.
So many decisions from them affected this economy.

That overhauling and reshuffling was necessary

May God help them succeed

Finally! Pls ensure NNPC is listed ASAP

Nice one from the jagaban of Africa. Kyari should take a bow out. Let other people come in

That man scammed Tinubu

I should made nnpc boss.
I have done well for Nigeria. And petroleum company

I swear, Tinubu knows what he's doing.... hate him or love him, he's the president!

helinues:
Long overdue

Will you like to replace him as the CEO?

ComradeKunle:
Will you like to replace him as the CEO?

Don't start the senseless trolling this early morning.

Do something meaningful with your life