NNPC restructures, appoints five vice presidents

In order to accommodate the five vice presidents needed to lead the performance of the oil company, the Nigerian National Petroleum Company Limited has been restructured.Informaion Guide Nigeria

On Thursday night, news of the appointment of five people, including executive directors at the oil business, to the position of vice president spread throughout Abuja.

The Petroleum Industry Act, which President Major General Muhammadu Buhari signed into law in August 2021, is in line with this, according to sources at the company (retd.).

The NNPC was incorporated as a limited liability company under the Companies and Allied Matters Act after the PIA was enacted, and it was launched with an initial capital of N200 billion in September.

“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 the oil firm, stated.

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Adokiye Tombomieye, the group executive director for upstream, has been promoted to executive vice president upstream, according to the source, who asked to remain anonymous due to a lack of authorization.

Adeyemi Adetunji, group executive director for downstream, was also promoted to executive vice president for downstream.
The corporation appointed Oritsemeyiwa Eyesan as Executive Vice President, Corporate Strategy and Sustainability, and Inuwa Danladi as Executive Vice President, Business Services.

Abdulkabir Ahmed, the executive director for gas and power, was also given the title of executive vice president for gas, power, and new energies.

According to the PIA’s Section 53(1), the Minister of Petroleum Resources would guarantee that the NNPC Limited was incorporated within six months of the Act’s passage after consulting with the Minister of Finance regarding the nominal shares of the Company.