Buhari appoints Ararume Board Chairman of new NNPC Ltd
– By Alison_Godswill

Kindly Share

Facebook
Twitter
LinkedIn
WhatsApp

Buhari appoints Ararume Board Chairman of new NNPC Ltd

By Eyo Nsima

President Muhammadu Buhari, Sunday, ordered the immediate incorporation of NNPC Limited in line with the provision of the Petroleum Industry Act (PIA).

The President also named Senator Ifeanyi Ararume as NNPC Limited Board Chairman with Mele Kolo Kyari and Umar I. Ajiya as Chief Executive Officer, and Chief Financial Officer, respectively.

 In a statement obtained by The Daily, http://www.thedaily-ng.com, Special Adviser to the President on Media and Publicity, Femi Adeshina said the President in his “capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited”.

Adeshina also said that, “this is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the Minister of Finance on the nominal shares of the Company.

“The Group Managing Director of the NNPC, Mr Mele Kolo Kyari, has, therefore, been directed to take necessary steps to ensure that the incorporation of the NNPC Limited is consistent with the provisions of the PIA 2021.

 “Also, by the power vested in him under Section 59(2) of the PIA 2021, President Buhari has approved the appointment of the Board and Management of the NNPC Limited, with effect from the date of incorporation of the Company.”
According to him, other Board Members are; Dr. Tajudeen Umar (North East), Mrs Lami O. Ahmed (North Central), Mallam Mohammed Lawal (North West), Senator Margaret Chuba Okadigbo (South East), Barrister Constance Harry Marshal (South South), and Chief Pius Akinyelure (South West)”.

 

Kindly Share

Facebook
Twitter
LinkedIn
WhatsApp

Copyright @ TheDaily. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheDaily

Leave a Comment

Your email address will not be published. Required fields are marked *

📰 Subscribe to our Newsletter

Scroll to Top