23.1 C
Abuja

Buhari orders incorporation of NNPC, names board members

Advertisement

Related

Advertisement
Advertisement

PRESIDENT Muhammadu Buhari has ordered the incorporation of the Nigerian National Petroleum Company (NNPC) Limited.

The president has also constituted the board members of the corporation.

A statement signed by his Special Adviser on Media and Publicity Femi Adesina said Buhari named Ifeanyi Ararume as board chairman of the NNPC Ltd.

He also appointed the Group Managing Director of the NNPC Mele Kolo Kyari and Umar Ajiya as chief executive officer and chief financial officer of the corporation, respectively.

Other members of the board are  Tajudeen Umar (North East),  Lami O. Ahmed (North Central), Mohammed Lawal (North West), Margaret Chuba Okadigbo (South East), Constance Harry Marshal (South-South), and Pius Akinyelure (South West).

The president’s action was in consonance with Section 53(1) of the Petroleum Industry Act 2021, which required the minister of petroleum resources to call for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the minister of finance on the nominal shares of the company, according to the statement.

Buhari directed Kyari to take the necessary steps to ensure that the NNPC Limited’s incorporation was consistent with the PIA 2021.

- Advertisement -

The president signed the controversial Petroleum Industry Bill into law on August 16.

 

Author profile

Support the ICIR

We invite you to support us to continue the work we do.

Your support will strengthen journalism in Nigeria and help sustain our democracy.

[molongui_author_box]

If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Support the ICIR

We need your support to produce excellent journalism at all times.

Advertisement

Recent

False alarm: Police to arraign Amira Sufyanu in court today

THE Federal Capital Territory (FCT) Police Command is set to arraign Amira Sufyanu in...

Gwanara road project: Kwara govt admits contracts inflation eight months after TheICIR report

By Dare Akogun Kwara state government (KWSG) has admitted that the contract sum for the...

BURIED DREAMS: The doctors who died in their prime fighting Lassa fever

By Taiwo Adebulu As a teenager, Abel Obetta had big dreams. Following his father’s death,...

Democracy Day speech: Buhari makes false claim about primary elections

IN his nationwide broadcast on Sunday, 12th of June 2022 in commemoration of the 2022...

Rent your house to Yahoo boys, risk 15 years in jail, EFCC warns landlords

THE Economic and Financial Commission Commission (EFCC) has warned that landlords risk 15 years...
Advertisement

Most Read

Advertisement

Subscribe to our newsletter

Advertisement