- President Buhari has reconstituted the NNPC board
- The tenure of the board members appointed in 2016 has expired
- Femi Adesina, the special adviser to the president on media and publicity, made this known on Saturday, May 30
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President Muhammadu Buhari has approved the reconstitution of the board of the Nigerian National Petroleum Corporation (NNPC), after the expiration of the term of the board members appointed in 2016.
Legit.ng reports that the special adviser to the president on media and publicity, Femi Adesina, disclosed this on Saturday, May 30.
In a statement issued on Saturday, May 30, Adesina said that members of the new board are: Mohammed Lawal (northwest), Tajudeen Umar (northeast), Adamu Mahmood Attah (north central), Senator Magnus Abe (south-south), Stephen Dike (southeast), and Chief Pius Akinyelure (southwest). The new board will be in place for three years.
Meanwhile, Legit.ng had previously reported that the immediate past group managing director of NNPC, Maikanti Baru, died on Friday, May 29.
It was reported that his demise was disclosed by the current group managing director of the NNPC, Mallam Mele Kyari, via his verified Twitter handled.
President Muhammadu Buhari. Credit: Twitter/Nigerian Presidency.
Kyari had tweeted: “My brother, my friend and my mentor, Dr Maikanti Kachalla Baru, immediate past GMD of NNPC died late last night. He was of exemplary character and disposition. May Allah forgive him and have mercy upon him.”
Baru was appointed NNPC GMD by President Muhammadu Buhari in July 2016, a position he held up until 2019.
Baru announced his retirement from NNPC in July 2019 when he clocked the age of 60. He was born in July 1959 in Misau, Bauchi state.
He attended Federal Government College, Jos for his secondary education where he graduated in 1978. In 1982, he obtained his bachelor of engineering degree from Ahmadu Bello University.
Baru had a doctorate in Computer-Aided Engineering from the University of Sussex in the United Kingdom. He was the 18th GMD of NNPC.
In another report, Kyari said the slump in the US crude oil futures below $0 per barrel is not a reflection of the reality in the global oil market capable of impacting Nigeria’s oil production.
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He said the current position in the U.S market, does not have any direct impact on the price of the Brent crude oil blend, which rose to about $28 per barrel before dropping to the current price of to $26.24 a barrel.
Kyari stated that Nigeria’s oil production was not impacted by the current US situation, noting that out that oil production is usually a factor of the availability of the market for the product.
He explained that now that there is a drastic drop in the price of crude oil at the internal oil market, there is the problem of storage facilities, which is why traders have taken that position to show inactivity.
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