The Board and management of the Nigerian National Petroleum Company Limited (NNPC) Ltd. have been reconstituted.
A statement from the Presidency on Monday said the reconstitution of the Board and management was in compliance with the provisions of Section 59(2) of the Petroleum Industry Act (PIA), 2021.
The statement said the appointment of members of the new Board and management approved by President Bola Tinubu takes effect from December 1, 2023.
The membership of the Board and management consisting of seven Non-Executive Directors, two Permanent Secretaries, a Chief Financial Officer and the Group Chief Executive Officer.
The Chairman of the reconstituted Board and Management is Pius Akinyelure, who would perform his role in a Non-Executive capacity, with Mele Kolo Kyari, the Group Chief Executive Officer, as the head of the management team, while the Chief Financial Officer is Umar Isa Ajiya.
Others include the former President of the Movement of the Survival of the Ogoni People (MOSOP) and one-time Chairman of the Board of the Nigerian Extractive Industries Transparency Initiative (NEITI), Ledum Mitee, who would serve as a Non-Executive Director of the new Board, same as Musa Tumsa, Ghali Muhammad, Mustapha Aliyu, David Ogbodo, and Eunice Thomas.
The two Permanent Secretaries in the Federal Ministry of Finance and Federal Ministry of Petroleum Resources, namely Okokon Udo and Gabriel Aduda respectively were also named as members of the Board. “President Tinubu anticipates the fullest measure of compliance with the performance-driven and results-oriented mandate of his Renewed Hope administration in the implementation of energy policy that will monetize all available oil and gas resources of today, while paving the way for the total exploitation of new and cleaner energy sources of tomorrow by this distinguished team,” the statement said.
