Fakoyejo OlalekanThe Executive Director position in the Nigerian National Petroleum Company (NNPC) Limited is now referred to as Executive Vice President in line with the re-branding efforts of its management.
NNPC Limited re-branded the position to align with the Petroleum Industry Act (PIA) signed into law in August last year. NNPC Limited had restructured into a limited liability company under the Companies and Allied Matters Act after President Muhammadu Buhari signed the PIA. But Kaduna State Governor Mallam Nasir El-Rufai and former Central Bank of Nigeria Governor, Sanusi Lamido Sanusi, say nothing has really changed in NNPC regarding its structure and mode of operations. They both called for its scrapping having failed to remit revenue to the federation account this year.
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The law saw NNPC Limited float with an initial capital of N200 billion, and in a bid to ensure the oil firm keeps to its commercial ambition, the Executive Vice Presidents are mandated to act as oversight on its operations.
“It is true that we now have executive vice presidents in place of executive directors. It is a form of restructuring to further enhance our delivery and performance,” a senior official at NNPC Limited was quoted to have said anonymously.
It was gathered that the Group Executive Director, Upstream, Adokiye Tombomieye, also saw his position changed into Executive Vice President Upstream.
Others Adeyemi Adetunji, who became the Executive Vice President, Downstream, from the Group Executive Director, Downstream. Inuwa Danladi’s position was switched to Executive Vice President, Business Services.
The list includes Oritsemeyiwa Eyesan, now the Executive Vice President, Corporate Strategy and Sustainability. Abdulkabir Ahmed became Executive Vice President, Gas, Power and New Energies, but previously held the title of Executive Director, Gas and Power.
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