President Muhammadu Buhari has approved the composition of the Board of the Nigerian National Petroleum Corporation (NNPC), as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended, Premium Times reports.
President Buhari also removed Dr. Emmanuel Ibe Kachikwu as group managing director of the corporation, a statement by presidential spokesperson, Femi Adesina showed. He however allowed him to remain as Minister of State for Petroleum and will serve as Chairman of the NNPC board. The new NNPC GMD is Maikanti Kacalla Baru, according to the Presidency.
President Buhari urges the new board to ensure the successful delivery of the mandate of the NNPC, ” and serve the nation by upholding the public trust placed on them in managing this critical national asset,” the statement concluded.