NIGERIA’S PRESIDENT BOLA AHMED TINUBU REMOVES MELEE KYARI AS THE GROUP CHIEF EXECUTIVE OFFICER (CEO) OF THE NIGERIAN NATIONAL PETROLEUM COMPANY (NNPC)
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President Bola Tinubu has removed Mele Kyari as the Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited and dissolved its board.
The Special Adviser to the president on information and strategy Bayo Onanuga, announced this Wednesday morning April 2, 2025.
According to the statement the decision was reached to “enhanced operational efficiency, restored investor confidence, and a more commercially viable NNPC”.
“President Bola Ahmed Tinubu invoked his powers under section 59(2) of the Petroleum Industry Act (PIA) 2021 to carry out the sweeping reconstitution”, the statement add.
Meanwhile, Bayo Ojulari takes over from Kyari as the new Group CEO, while Ahmadu Musa Kida has been appointed as NNPC’s new non-executive chairman, replacing Pius Akinyelure. Also, Adedapo Segun has been confirmed as the company’s chief financial officer (CFO).
The statement further said, in line with the Petroleum Industrial Act (PIA), the President had also announced the appointment of six non-executive directors from each geopolitical zone.
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