Financial Energy Review
……………….by Victor Egbo………….
In a bid to have full grip of the operations at the Nation’s oil company, the Group Chief Executive of NNPC Limited, Mele Kyari, has gone ahead to retire and redeploy some top management staff of the company. About 91 managers, across six managerial levels of Deputy Manager to Executive Vice President at the Nigerian National Company Limited (NNPC) have had their feathers ruffled in a major shakeup.
Financial Energy Review learnt that top in the list is Bala Wunti who has been holding sway as the lord of the minor in NNPCL subsidiary, NAPIM now NUIMS. It was said that the Group Chief Executive of NNPC Limited, Mele Kyari, who was meant to have retired before being reappointed into the company by former President Muhammadu Buhari, had a battle with theChief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, leading to Wunti’s redeployment instead of being shown exit door like others. it was impossible to remove the head of NNPC E&P, who has allegedly been redeployed to Southwest region
The levels affected are M6- Deputy Managers, M5 – Manager, M4 – General Manager, M3 Group General Manager, M2 – Executive Vice President (EVP).
About 63 of the people affected are menwhile 23 are women. Five of them are at the level of EVP, 11 are Group General Managers, 25 are General Managers and 36 are managers.
The former spokesman of the company, Muhammed GarbaDeen reportedly handed over to Iyabode Ayobami-Ojo, who is the most senior in the department.
There are indications that the company would in the coming weeks shop for replacements for the positions.The management staff, who were forced to retire according to an earlier statement from NNPC, have less than 15 months to statutory retirement.
“In our bid to pursue effective organisational renewal to support the delivery of our strategic business objectives, it has become imperative to rejuvenate our workforce.
“Consequently, in addition to the recent exit of three Executive Vice Presidents, other management staff with less than 15 months to statutory retirement will be exiting the company effective September 19, 2023.
“This is in line with our commitment to scale up NNPC Ltd.’s capabilities through targeted talent management and equal opportunity for all Nigerians,” NNPC Limited had said.
