Tinubu inaugurates new NNPC board, management team

President Bola Tinubu has inaugurated the board of directors of the Nigerian National Petroleum Company (NNPC) Limited.

The president inaugurated the board at the villa on Monday in Abuja, according to Femi Soneye, NNPC spokesperson.

Last month, Tinubu had approved the appointment of the new board and management team for the national oil company, effective  December 1, 2023.

“In compliance with Section 59 (2) of the Petroleum Industry Act, 2021, President Bola Tinubu has approved the appointment of a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL) with effect from December 1, 2023,” he had said.

In a statement, Ajuri Ngelale, the special adviser to the president on media and publicity, said Tinubu retained Mele Kyari as the group chief executive officer (GCEO).

Appointing Pius Akinyelure as the non-executive board chairman, Tinubu retained Umar Isa Ajiya as the chief financial officer (CFO).

Also appointed were six non-executive directors, namely: Ledum Mitee, Musa Tumsa, Ghali Muhammad, Mustapha Aliyu, David Ogbodo, and Eunice Thomas.

In addition, Tinubu approved the appointment of Okokon Ekanem Udo as permanent secretary, the Federal ministry of finance, and Gabriel Aduda, permanent secretary, the federal ministry of petroleum resources.

Speaking during the inauguration, Tinubu said the board is made up of “people with integrity. Honourable men and women”.

The president said his government is working hard to rid the industry of oil theft and pipeline vandalisation.

Urging the board members to prioritise profitability, higher production, and strong governance, Tinubu stressed that their appointment should not be seen as merely an act of “cake sharing”, calling for maximum performance on their part.