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In a bold move aimed at revitalizing Nigeria’s oil sector, President Bola Tinubu has dismissed Mele Kyari as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited. The decision, effective April 2, 2025, also saw the removal of Pius Akinyelure as board chairman, marking a significant shake-up in the company’s leadership.
The announcement, delivered by presidential spokesperson Bayo Onanuga, emphasized the need for operational efficiency, enhanced investor confidence, and alignment with global best practices.
Tinubu invoked his authority under the Petroleum Industry Act (PIA) 2021 to reconstitute the NNPC Limited board, appointing Bayo Ojulari as the new GCEO and Ahmadu Musa Kida as the non-executive chairman.
The overhaul also introduced Adedapo Segun as Chief Financial Officer (CFO) and six non-executive directors representing Nigeria’s geopolitical zones.
This restructuring aims to transform NNPC into a commercially driven and transparent entity, with a strategic action plan focused on maximizing asset value.
Kyari, initially appointed by former President Muhammadu Buhari and reappointed by Tinubu in 2023, faced mounting criticism from political and civil society groups, including the Conference of Nigeria Political Parties (CNPP), calling for his removal.
The president’s decisive action signals a new era for NNPC Limited, with expectations of greater productivity and efficiency.
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