Business
Buhari removes Kachikwu as NNPC GMD, appoints him chairman
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has been relieved of his position as the Group Managing Director, GMD, of the Nigerian National Petroleum Corporation, NNPC, by President Muhammadu Buhari.
In his place, Dr. Maikanti Kacalla Baru was named as GMD, NNPC.
The President however named Kachikwu as the Chairman of the newly composed board of the NNPC in accordance with Section 1(2) of the NNPC Act of 1997, as amended.
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According to a statement by the Special Adviser to the President on Media and Publicity, Femi Adesina,
other members of the board include Group Managing Director, Dr Maikanti Kacalla Baru; the Permanent Secretary of the Federal Ministry of Finance, Mallam Abba Kyari, Dr Thomas M.A John, Dr Pius O. Akinyelure, Dr Tajuddeen Umar, Mallam Mohammed Lawal, and Mallam Yusuf Lawal.
The statement also qouted the President as urging the new board to ensure the successful delivery of the mandate of the NNPC.
The board, he said, should also: “Serve the nation
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