Breaking: Tinubu announces new NNPC chairman as he sacked Mele Kyari

President Bola Tinubu has announced the assignment of Bayo Ojulari arsenic the caller Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) pursuing the sacking of Mele Kyari.

The presidency announced the shakeup successful Nigeria's lipid institution successful a connection signed by Bayo Onanuga, President Tinubu's peculiar advisor connected accusation and strategy, successful the aboriginal hours of Wednesday, April 2.

Bola Tinubu has appointed Bayo Ojulari arsenic the caller NNPCL GCEP Photo Credit: @aonanuga1965
Source: Twitter

Before his appointment, Ojulari had earlier served arsenic the president of President Bola Ahmed Tinubu (BAT) Advisory and Energy Company. Ojulari has besides served arsenic the managing manager of Shell Nigeria Exploration and Production Company (SNEPCo) from 2015 to 2021.

Along with Ojulari, President Tinubu besides made respective different appointments successful the NNPC Limited management. This included Adedapo Segun, who took implicit the relation of main fiscal serviceman from Umaru Isa Ajiya past November, and has present been named to the caller committee by President Tinubu.

Six committee members, non-executive directors, correspond the country's geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a erstwhile managing manager of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.

President Tinubu appointed Austin Avuru arsenic a non-executive manager from the South-South, David Ige arsenic a Non-executive manager from the South West, and Henry Obih arsenic a non-executive manager from the South East.

Mrs Lydia Shehu Jafiya, imperishable caput of the Federal Ministry of Finance, volition correspond the ministry connected the caller board, portion Aminu Said Ahmed volition correspond the Ministry of Petroleum Resources.

See Onanuga's connection here:

NNPC saga with Dangote Refinery

The improvement successful Nigeria's lipid institution happened amid the increasing contention betwixt the NNPC Limited and Dangote Refinery, a large privately owned refinery successful Nigeria. The NNPCL earlier agreed to merchantability Nigeria's crude lipid to the refinery successful naira, with the anticipation of stabilizing the naira and reducing substance terms successful Nigeria.

However, the woody ended a period ago, and the 2 companies could not renew the contract, which has led to an summation successful the terms of fuel, and retailers present import substance alternatively than buying from Dangote, arsenic Dangote besides sells successful dollars pursuing the extremity of the deal.

Recall that Dangote had earlier accused the NNPCL enactment of a crippled to sabotage his concern and proceed to import substandard substance from Malta

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng