Jonathan fires NNPC boss, Austen Oniwon, names Andrew Yakubu as replacement

President Goodluck Jonathan has sacked the top management of the Nigerian National Petroleum Corporation (NNPC).

In a move considered by most Nigerians as overdue, the president approved the immediate compulsory retirement of Group Managing Director of the corporation, Austen Oniwon, along with all the Group Executive Directors.

The affected Group Executive Directors include Michael Arokodare (Finance and Accounts); Philip Chukwu (Refineries & Petrochemicals) and Billy Agha (Engineering & Technology).

Special Adviser to the President on Media & Publicity, Reuben Abati, said in a statement on Tuesday that the re-composition of the new management team of the national oil company include Andrew Yakubu, who would take over from Mr. Oniwon as Group Managing Director.

Under the new arrangement, Bernard Otti takes over as the new Group Executive Director (Finance and Accounts); Abiye Membere  as Group Executive Director (Exploration and Production); Peter Nmadu    as Group Executive Director (Corporate Services); Anthony Ogbuigwe as Group Executive Director (Refineries & Petrochemicals) and Attahir Yusuf as Group Executive Director (Commercial & Investments), while David Ige, who was appointed Group Executive Director (Gas & Power) last year retains his position.

According to the presidential spokesman, the sack of the NNPC top hierarchy is to “further strengthen the ongoing reforms and transformation of Nigeria’s Petroleum sector, and in furtherance of efforts to achieve greater transparency and accountability in government.”

The new NNPC Group Managing Director is a 1979 Chemical Engineering graduate from the Ahmadu Bello University, Zaria, who joined the corporation in 1980, rising through the ranks and occupying various positions in the corporation including being Managing Director of the Warri Refining and Petrochemicals Company.

Until his appointment, Mr. Yakubu, an indigene of Kaduna State and a Fellow of the Nigerian Society of Engineers (NSE), was the Group Executive Director (Exploration and Production).

“President Jonathan commends the outgoing directors for their service to the nation and urges the new management team to be fully committed to rapidly implementing the critical interventions needed to positively transform Nigeria’s petroleum industry,” Mr. Abati said.

In a related development, President Jonathan also approved the appointment of Victor Briggs as the new Managing Director of the Nigerian Petroleum Development Company (NPDC), the exploration and production subsidiary of the NNPC.

Mr. Oniwon who was appointed Group Managing Director of the NNPC on May 16, 2010, should have ended his tenure since April last year, but was extended by President Jonathan till June this year.

The sack of the NNPC top management has been a lingering issues in the country’s polity, particularly in the wake of reports of monumental corruption and fraud that trailed the KPMG audit report published by the Federal Government in 2010.

The call was to receive further resonance last January following the decision of the Federal Government to unilaterally remove subsidy in the price of fuel, resulting in a week-long nationwide protest that crippled the nation.

A probe by the House of Representative Committee on the subsidy regime, following allegations of massive fraud in the fuel subsidy regime, uncovered unprecedented corruption in the management of the fund involving the NNPC and most of its subsidiaries and agencies associated with the marketing and distribution of petroleum products.

A report of the Farouk Lawan-led Committee, which included extensive indictment of the corporation and several of its subsidiaries as well as petroleum products marketers required to refund over N1.1trillion to government.

 

 

See full press release from the presidency on the new appointments below.

PRESIDENT JONATHAN APPROVES RE-COMPOSITION OF NNPC MANAGEMENT TEAM

To further strengthen the ongoing reforms and transformation of Nigeria’s Petroleum sector, and in furtherance of efforts to achieve greater transparency  and accountability in government, President Goodluck Ebele Jonathan has approved the re-composition of the executive management team of the Nigerian National Petroleum Corporation (NNPC) as follows:
1.      Engr. Andrew Yakubu –           Group Managing Director
2.      Mr. Bernard O.N. Otti            –           Group Executive Director (Finance and Accounts)
3.      Engr. Abiye Membere            –           Group Executive Director (Exploration and Production)
4.      Dr. Peter S. Nmadu     –           Group Executive Director (Corporate Services)
5.      Engr. Anthony Ogbuigwe        – Group Executive Director (Refineries & Petrochemicals)
6.      Dr. Attahir B. Yusuf     –           Group Executive Director (Commercial & Investments)
7.      Dr. David Ige               –           Group Executive Director (Gas & Power)
The incoming Group Managing Director, Engr. Andrew Yakubu graduated from the Ahmadu Bello University, Zaria in 1979 with a degree in Chemical Engineering. He joined the NNPC in 1980. Positions he has held in the corporation include Managing Director of the Warri Refining and Petrochemicals Company and Group Executive Director (Exploration and Production). Engr. Yakubu is an indigene of Kaduna State and a Fellow of the Nigerian Society of Engineers.
President Jonathan has also approved the appointment of Engr. Victor Briggs as the new Managing Director of the Nigerian Petroleum Development Company (NPDC).
The incumbent Group Managing Director, Engr. Austen Oniwon, and Mr. Michael Arokodare (outgoing Group Executive Director (Finance and Accounts), Mr. Philip Chukwu, outgoing Group Executive Director (Refineries & Petrochemicals), and Engr. Billy Agha, outgoing Group Executive Director (Engineering & Technology) are to proceed on retirement.
President Jonathan commends the outgoing directors for their service to the nation and urges the new management team to be fully committed to rapidly implementing the critical interventions needed to positively transform Nigeria’s petroleum industry.
 
Reuben Abati
Special Adviser to the President
(Media & Publicity)
June 26, 2012

 

 

 


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