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Buhari President tells new NNPC head to recover stolen oil money

Kachikwu was appointed to replace former NNPC GMD, Joseph Dawha on Tuesday, August 4, 2015.

  • Published:

President Muhammadu Buhari has reportedly ordered the new Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Emmanuel Ibe Kachikwu to recover oil funds stolen from the corporation.

Muhammadu Buhari play

Muhammadu Buhari

(Information NG)

 

Kachikwu was appointed to replace former NNPC GMD, Joseph Dawha on Tuesday, August 4, 2015.

Former NNPC GMB, Joseph Dawha hands over to successor, Ibe Kachikwu on Tuesday, August 4, 2015 n Abuja. play

Former NNPC GMB, Joseph Dawha hands over to successor, Ibe Kachikwu on Tuesday, August 4, 2015 n Abuja.

(LIB)

 

A source told The Nation:

“The President opted for Kachikwu who is the Vice President of Exxon Mobil, not only in Nigeria but in Africa. Buhari was impressed by his impeccable credentials as the most senior black African in any multi-national oil firm in the world with 30 years experience.

Emmanuel Ibe Kachikwu play

Emmanuel Ibe Kachikwu

(Post Nigeria)

 

“In their negotiation, President Buhari repeatedly said: ‘I won’t interfere with your work; I will give you a free hand because I want to reform this oil sector once and for all.’ The GMD accepted the job following what he realized as “the infectious patriotism and genuine intention of the President.”

Kachikwu and wife, Betty. play

Kachikwu and wife, Betty.

(Simonateba)

 

The assignments reportedly given to Kachikwu by Buhari are:

  1. Clean up the NNPC system of corrupt elements;

  2. Recover all stolen crude oil funds;

  3. Work with the Economic and Financial Crimes Commission (EFCC) and the Directorate of State Service (DSS) to trace and recover  stolen oil cash;

  4. Review the structure of the NNPC to compete globally;

  5. Giving targets to all subsidiaries and put in place performance benchmarks; and

  6. Fix all refineries, which must work at optimal level, “even if it means using expatriates in the interim”.

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