JUST IN: NNPCL NAMES NEW EIGHT-MAN MANAGEMENT TEAM
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The Nigerian National Petroleum Company Limited has unveiled a new eight-member senior management team to oversee the company’s operations and strategic direction.
In addition, several key management roles have been reshuffled to enhance operational efficiency.
A statement from the company’s spokesperson, Olufemi Soneye, revealed the update on Friday.
The team will be led by the Group Chief Executive Officer, Mr. Bashir Ojulari, with Rowland Ewubare serving as the Group Chief Operating Officer, Adedapo Segun as the Group Chief Financial Officer, and Olalekan Ogunleye as Executive Vice President of Gas, Power & New Energy.
Mumuni Dangazau will replace Isiyaku Abdullahi as the Executive Vice President of Downstream, a position Abdullahi held since November last year.
The company has also appointed Sophia Mbakwe as Executive Vice President of Business Services, and Adesua Dozie as Company Secretary & Chief Legal Officer.
All appointments are effective immediately.
The statement read, “Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited has announced the appointment of a new eight-man Senior Management Team on Friday.
“The team, which will be headed by the GCEO, Mr Bashir Bayo Ojulari, has Rowland Ewubare as Group Chief Operating Officer; Adedapo Segun as Group Chief Financial Officer; and Olalekan Ogunleye as Executive Vice President of Gas, Power & New Energy.
“Other members of the team are: Udy Ntia as Executive Vice President Upstream; Mumuni Dangazau as Executive Vice President of Downstream; Sophia Mbakwe as Executive Vice President of Business Services; and Adesua Dozie as Company Secretary & Chief Legal Officer.
“All appointments are with immediate effect.”
Meanwhile, the shareholders of the national oil firm have approved the names and portfolios of the new management team of the company that would be submitted to the Corporate Affairs Commission.
The move is in line with the provisions of the Petroleum Industry Act.
A copy of the resolution obtained by our correspondent showed that the submission of the names of the new NNPC management was done through a resolution that was signed by the shareholders of the company.
The shareholders are the Ministry of Finance and the Ministry of Petroleum Resources.
The resolution reads, “We, the undersigned, being all the shareholders of the Company, who at the date of this resolution are entitled to attend and vote at the general meetings of the Company, signify our assent to the passing of the resolutions set out below and agree that for all purposes, the said resolutions shall be valid and effectual as if same had been passed at a general meeting of the Company duly convened and held.
“That the Board of Directors of the Company be and is hereby authorised to do all such things including without limitation to signing such documents, directing such committees or person(s), if any, as may be required by law and the Memorandum and Articles of Association of the Company to give effect to the resolutions.
“That the company secretary is hereby authorised to make all requisite filings at the Corporate Affairs Commission.”
President Bola Tinubu on Wednesday announced the reconstitution of the NNPC team which saw the replacement of the NNPCL board chairman, Chief Pius Akinyelure, and all other board members appointed in November 2023.
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