President Muhammadu Buhari has announced the appointment if new board of directors for the Nigerian National Petroleum Corporation (NNPC).
The new appointments now sees the Minister of State for Petroleum and former GMD of the NNPC, Dr. Ibe Kachikwu replaced as the Group Managing Director. He will now become the Chairman of the Board of NNPC, a position last held by Diezani Madueke.
President Buhari also announced the appointment of Dr Maikanti Kacalla Baru, but Kachikwu as the new Managing Director. This is what the new board of Directors now looks like.
A. Chairman-Dr Emmanuel Ibe Kachikwu, Honourable Minister of State for Petroleum;
B. Group Managing Director- Dr Maikanti Kacalla Baru;
C. The Permanent Secretary of the Federal Ministry of Finance; and
D. The following six persons:
1. Mallam Abba Kyari
2. Dr Thomas M.A John
3. Dr Pius O. Akinyelure
4. Dr Tajuddeen Umar
5. Mallam Mohammed Lawal, and
6. Mallam Yusuf Lawal.
The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.