Breaking: Buhari Inaugurates NNPC Board, Drops Nigerian Senator as Chairman
- Senator Margret Chuba Okadigbo has been appointed as the new chairman of the board and management of NNPC Limited
- Margret, the wife of late former Senate President, Dr Chuba Okadigbo replaces Senator Ifeanyi Ararume who was appointed four months ago
- This was made known in a statement issued on Wednesday, January 5, by presidential spokesman Femi Adesina
Abuja - President Muhammadu Buhari has inaugurated the Nigerian National Petroleum Company (NNPC) Limited four months after incorporating the board.
Femi Adesina, the special adviser on media and publicity to the president, who disclosed this said Buhari appointed Senator Margret Chuba Okadigbo as the board chairman.
Source: Facebook
In a statement made available to Legit.ng on Wednesday, January 5, noted that Okadigbo replaces Senator Ifeanyi Ararume, who was appointed when the president constituted the board back in September, 2021.
President Muhammadu Buhari has appointed the Board and Management of the Nigerian National Petroleum Company Limited, in accordance with the power vested in him under Section 59(2) of the Petroleum Industry Act 2021.
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Mele Kolo Kyari would serve as chief executive officer while Umar I. Ajiya is the chief financial officer.
Other board members include Dr Tajudeen Umar (North East), Mrs Lami O. Ahmed (North Central), Mallam Mohammed Lawal (North West), Engr. Henry Obih (South East), Barrister Constance Harry Marshal (South South), and Chief Pius Akinyelure(South West).
The appointments take effect from the date of the incorporation of the NNPC Limited.
The NNPC LTD was incorporated by the Corporate Affairs Commission on September 22 after it received an application for its registration from the Federal Government.
History made as Buhari receives certificate of incorporation for NNPC
Recall that President Buhari received the Certificate of Incorporation of NNPC.
He was presented with the certificate by the Minister of State for Petroleum, Timipre Sylva, Registrar Corporate Affairs Commission, Alhaji Garba Abubakar and NNPC Group Managing Director, Mele Kyari, at the State House, in Abuja on Friday, October 8.
Photos of this report were shared on the Facebook page of a presidential media aide, Buhari Sallau.
Despite explosions, NNPC says it spent N1.3trn on pipelines, others in 11 months
In a related development, NNPC said it spent a total of N1.3 trillion on priority oil sector projects in 2021.
The company also recorded dwindling funding of N1,1 trillion in the money needed to fund some priority projects.
An investigation of the company’s Statement pf Joint Venture Recovery and Government Priority Projects showed that the oil company consistently made expenditures on the projects from January to November 2021.
Source: Legit.ng
