24/7 Live - Subscribe to the Pulse Newsletter!

President Muhammadu Buhari has replaced the current group managing director of the Nigerian National Petroleum Corporation (NNPC), Ibe Kachikwu with Maikanti Kacalla Baru.

According to a Facebook post by the presidential spokesman, Femi Adesina, Kachikwu was replaced by Baru after the President approved a board to see to the affairs of the NNPC.

Ibe Kachikwu and President Buhari play

Ibe Kachikwu and President Buhari

(signalng)

 

The new board of NNPC, it was revealed, will be chaired by Kachikwu, who remains, the Minister of State for Petroleum.

ALSO READ: Kachikwu says Buhari approved dialogue with militants

A screengrab of Femi Adesina's Facebook post play

A screengrab of Femi Adesina's Facebook post

(Facebook)

In his words, "President Muhammadu Buhari has approved the composition of the Board of the Nigerian National Petroleum Corporation (NNPC), as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended."

The new board is composed of the following:
A. Chairman-Dr Emmanuel Ibe Kachikwu, Honourable Minister of State for Petroleum;
B. Group Managing Director- Dr Maikanti Kacalla Baru;
C. The Permanent Secretary of the Federal Ministry of Finance; and
D. The following six persons:
1. Mallam Abba Kyari
2. Dr Thomas M.A John
3. Dr Pius O. Akinyelure
4. Dr Tajuddeen Umar
5. Mallam Mohammed Lawal, and
6. Mallam Yusuf Lawal.
President Buhari urges the new board to ensure the successful delivery of the mandate of the NNPC, ” and serve the nation by upholding the public trust placed on them in managing this critical national asset.”

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.