Breaking News: Buhari Sacks Ibe Kachikwu As Group Managing Director Of NNPC

President Muhammadu Buhari has removed Emmanuel Ibe Kachikwu as the Group Managing Director of the Nigerian National Petroleum Corporation. A statement released by the Special Adviser to the President on Media and Publicity, Femi Adesina said: “President Muhammadu Buhari has approved the composition of the Board of the Nigerian National Petroleum Corporation (NNPC), as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended.

In place of Kachikwu, Dr Maikanti Kacalla Baru has been appointed as NNPC’s Group Managing Director. Kachikwu becomes the Chairman of the new board of the Corporation while retaining the position of Minister of State for Petroleum.

The full statement from the President’s office is as follows:

PRESIDENT BUHARI APPROVES NEW BOARD OF DIRECTORS FOR NNPC

President Muhammadu Buhari has approved the composition of the Board of the Nigerian National Petroleum Corporation (NNPC), as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended.
The new board is composed of the following:

A. Chairman-Dr Emmanuel Ibe Kachikwu, Honourable Minister of State for Petroleum;
B. Group Managing Director- Dr Maikanti Kacalla Baru;
C. The Permanent Secretary of the Federal Ministry of Finance; and
D. The following six persons:
1. Mallam Abba Kyari
2. Dr Thomas M.A John
3. Dr Pius O. Akinyelure
4. Dr Tajuddeen Umar
5. Mallam Mohammed Lawal, and
6. Mallam Yusuf Lawal.

President Buhari urges the new board to ensure the successful delivery of the mandate of the NNPC, ” and serve the nation by upholding the public trust placed on them in managing this critical national asset.”

FEMI ADESINA
Special Adviser
(Media and Publicity)
July 4, 2016