Twenty-four hours after the Federal Government
replaced the Group Managing Director of the
Nigerian National Petroleum Corporation, it
announced the sacking of all the eight executive
directors of the corporation.
This was confirmed by the Group General Manager,
Group Public Affairs Division, NNPC, Mr. Ohi Alegbe,
in a statement on Wednesday night in Abuja.
Alegbe said in the statement, “The Federal
Government has approved the retirement of all eight
group executive directors of the NNPC with
immediate effect.
“The affected group executive directors are Mr.
Bernard Otti, GED, Finance and Accounts; Dr. Timothy
Okon, acting GED, Exploration and Production, who
also doubled as the Coordinator, Corporate Planning
& Strategy; Mr. Adebayo Ibirogba, Engineering and
Technology; Dr. David Ige, Gas and Power; Ms. Aisha
Abdurrahman, Commercial and Investment; Dr. Dan
Efebo, Corporate Services; Mr. Ian Udoh, Refining &
Petrochemicals; and Dr. Attahiru Yusuf, Business
Development.”
The statement noted that the new Group Managing
Director of the NNPC, Dr. Ibe Kachikwu, personally
conveyed the Federal Government’s decision to the
GEDs.
He expressed gratitude to them for their services to
the corporation and wished them success in their
future endeavours.
No replacements were named, but our
correspondent gathered that four new group
executive director positions had been created and
that some names were already being considered by
President Muhammadu Buhari to fill them.
Sources at the corporation gave the new directorates
as of Refining and Engineering, Exploration and
Production, Commercial and Investment, and
Finance.
Buhari had a week ago, pledged to fix the oil sector,
rid the industry of rot and recover money stolen by
operators in the sector.
On Tuesday, he relieved Dr. Joseph Dawha of his
appointment as the GMD of the national oil firm,
replacing him with Kachikwu, who until his
appointment was the Executive Vice Chairman and
General Counsel of Exxon-Mobil (Africa).
The President had in late June dissolved the NNPC
board.
The Federal Government, through the NNPC,
regulates and participates in the country’s petroleum
industry.
The NNPC was established on April 1, 1977 as a
merger of the Nigerian National Oil Corporation and
the Federal Ministry of Mines and Steel.
The law that created the firm permits it to manage
the joint ventures between the Federal Government
and some foreign multinational corporations,
including Shell, Agip, ExxonMobil, Chevron and Total.
Through the collaboration with the companies, the
Federal Government conducts petroleum exploration
and production.
But industry observers had on several occasions
complained that the corporation lacked supervision,
stressing that it had degenerated to a rent-collector
for the government with less attention to
transparency and accountability.
On Tuesday, the New York-based Natural Resources
Governance Initiative canvassed the need to overhaul
the management of the country’s oil sales process by
the NNPC as top priority for the Buhari-led
administration to stem waste and loss of billions of
dollars in revenue.
The international watchdog said in one of its latest
reports that the NNPC’s approach to oil sales was
suffering from high corruption risks and had failed to
maximise returns for the nation.
The authors of the NRGI report, led by Aaron Sayne,
said, “We find that management of the NNPC’s oil
sales has worsened in recent years, and particularly
since 2010. The largest problems stem from the
rising number of ad hoc, makeshift practices the
corporation has introduced to work around its deeper
structural problems.”
The NNPC receives about one million barrels of oil
per day, or almost half of the country’s total
production, part of which is sold to its subsidiary,
Pipelines and Product Marketing Company, for the
country’s refineries, while a larger volume is sold to
traders.
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