The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of a new eight-member senior management team tasked with overseeing the affairs of the company’s operations and strategic direction.
The company has reshuffled key management positions to improve operational efficiency, according to a statement by spokesman Olufemi Soneye.
The new team will be led by GCEO Bashir Ojulari and includes Rowland Ewubare as Group Chief Operating Officer, Adedapo Segun as Group Chief Financial Officer, and Olalekan Ogunleye as Executive Vice President of Gas and Power & New Energy.
Mr. Isiyaku Abdullahi has been replaced as Executive Vice President of Downstream by Mumuni Dangazau.
The company has also appointed Sophia Mbakwe as Executive Vice President 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 NNPCL 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 accordance with the provisions of the Petroleum Industry Act.
A copy of the resolution obtained by our reporter shows that the submission of the names of the new NNPC management was done through a resolution that was signed by the shareholders of the firm.
The investors 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 the 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, signing such documents and 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 reformation 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.
