Jonathan creates office of Deputy GMD for NNPC

Goodluck Jonathan

President Goodluck Jonathan on Tuesday approved the creation of a new office of Deputy Group Managing Director of the Nigerian National Petroleum Corporation, NNPC.

The special adviser to the President on Media and Publicity, Reuben Abati, who announced the new office named the appointment of Bernard Otti, the current Group Executive Director (Finance and Accounts) as the new occupier of the office.

Under the new arrangement, Mr. Otti, would be expected to combine his role as Deputy Group Managing Director with his present responsibility as Group Executive Director, Finance and Accounts, of the corporation.

The creation of the new office is a departure from the usual structure of the executive management of the national oil company, which usually have a group managing director at the top of the pyramid, with groups executive directors in charge of the eight directorates of the corporation.

The eight directorates included those for Exploration & Production; Refineries & Petrochemical; Engineering and Technical; Gas & Powe; Commercial & Investment; Corporate Services; Finance & Accounts and Business Development.

According to Mr. Abati, the creation of the new office was in furtherance of the ongoing efforts by the Federal Government to transform the NNPC into a commercially-driven entity.

He said the new office of Deputy GMD was expected to help strengthen the corporate governance structure of the NNPC as well as help ensure value for money and returns on investment increasingly become key factors in all operational decisions.

Mr. Otti, who hails from Anambra State, has held senior positions in some of the largest financial institutions in Nigeria and internationally, and has served on the boards of numerous public and private institutions.


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  • Sanusi A Yaradua

    This is to have his kinsman in the top hierarchy with whom he can deal in dubious financial deals!

    • Ken

      Blind bigot. Mr Otti hails from Anambra state…not Bayelsa or even the Niger Delta region. When Yar Adua appointed his namesake as GMD in 2007 did you or your people complain. Meanwhile, you also bear the same name so it is safe to assume you are pained for losing out on power. Lazy leeches sucking the wealth they have not contributed to.

      • Mr. Abdin

        What are you talking about is it because the clueless Presido has done it again. May God save Nigeria from the hands of the incompetent ones.

  • King Carlos

    “Mr. Otti, who hails from Anambra State, has held senior positions in some of the largest financial institutions in Nigeria and internationally, and has served on the boards of numerous public and private institutions.”

    Nigerian media houses are fond of providing vague reporting like the above statement, I didn’t expect Premium Times which is known for investigative journalism to follow suit. I expect PT to have done better by giving us the profile of Mr Otti and also list his previous appointments rather than resort to ‘numerous public and private institutions’.

    You guys should know that the essence of reading PT is to be informed. We look up to you guys for top class information, especially about public officials who are being paid with the people’s money.

  • akin-UK

    This to me marks the first reasonable thing from this President. The aim to me is to balance power (hopefully it will not backfire). If GMD comes from south, it will be balanced by DGMD, a northerner and vice-versa.

    • Tonnero

      Or it may be a way to put a political GMD in place but have all the powers exercised by the DGMD. This is bound to create conflict, confusion and power struggle between the GMD and the DGMD. What was wrong with the old system that this one will fix? Let us pretend for a minute that this is not Diezani installing her hatchet man. Unfortunately, this same position will be used by other after Diezani and GEJ have left. Hope we don’t start shouting then.

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