Nigerian President Muhammadu Buhari has appointed Dr. Emmanuel Ibe Kachikwu as NNPC Group Managing Director as announced in a statement from Buhari’s spokesman Femi Adesina, which also listed other changes at the top of the state-run company. “This appointment marks the beginning of the reforms which will establish the NNPC as a corporation which fights corruption and drives growth in the Nigerian economy,” the company said in a statement.
Kachikwu, a former executive vice-chairman of Exxon-Mobil Africa hails from the coastal Delta State, is a Harvard-trained lawyer with 30 years’ experience in the energy sector, according to the NNPC. “I am excited to be taking up this challenge,” Kachikwu was quoted as saying in the NNPC statement.
Nigeria is Africa’s largest oil producer, churning out roughly two million barrels of crude per day. Ordinary people have largely not benefited from the nation’s oil wealth, however, with much of the revenue lost to graft. The NNPC is regarded as one of the world’s most opaque and corrupt publicly-controlled oil firms and has been linked to the massive theft of vast crude revenues.
In a related development, eight Group Executive Directors (GED) of the Nigerian National Petroleum Corporation, NNPC, have been relieved of their appointment in the corporation. A source in the NNPC said the GEDs of the corporation have been replaced with new GEDs.
The GEDs who were relieved of their duties are: Mr. Ian Udoh, Group Executive Director, Refining & Petrochemicals, Mr. Adebayo Ibirogba, Group Executive Director, Engineering and Technical; Dr David Ige, Group Executive Director, Gas& Power and Dr. Attahir Yusuf, Group Executive Director, Business Development. Others are: Dr.Dan Efebo, Group Executive Director, Corporate Services; Mr. Bernard Otti, Group, Executive Director, Finance & Accounts