Financial Energy Review
A major shake-up has taken place in the management of the Nigerian National Petroleum Company Limited (NNPCL), resulting in the removal of some management members and the redeployment of others.
This was announced by the Board of Directors of the Company Limited (NNPC) on Wednesday. while Umar Ajiya was Chief Financial Officer (CFO) before now, Oritsemeyiwa Eyesan was in charge of the upstream operations, these two have been dropped. Adedapo Segun Segun who manned the downstream activities of the NNPC before now has been redeployed as the Chief Financial Officer (CFO)of the company
Udobong Ntia has been appointed to replace Oritsemeyiwa Eyesan as Executive Vice President (EVP), Upstream.
In a statement last night signed by Olufemi Soneye, the Chief Corporate Communications Officer was silent on the fate of the erstwhile top NNPC officials.
“The NNPC is pleased to announce a series of strategic leadership appointments. These changes reflect our continued dedication to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector.
“The following key appointments have been made: Mr. Adedapo Segun has been appointed Chief Financial Officer (CFO). Mr. Segun previously served as the Executive Vice President, Downstream, where he made significant contributions to the company’s downstream operations,” the statement said.
It also named Mr. Isiyaku Abdullahi as the Executive Vice President, Downstream.
“Mr. Udobong Ntia has been appointed EVP, Upstream. These appointments align with NNPC’s commitment to building a unified and competent leadership team to drive operational excellence and support the organisation’s strategic objectives.
“The board and management also extend their deepest appreciation to Mr. Umar Ajiya and Mrs. Oritsemeyiwa Eyesan for their outstanding dedication and service to NNPC Limited,” the national oil company said.
NNPC stated that it remains committed to achieving operational excellence, enhancing global competitiveness, and ensuring financial sustainability while prioritising the interests of the Nigerian public in the petroleum industry.
