It’s been barely a week since the Minister of Petroleum, Diezani Alison-Madueke set up an eight member special committee to ensure speedy passage of the petroleum industry bill, and the minister has set up a special task force on governance and controls in the Nigerian National Petroleum Corporation and other parastatals within the Federal Ministry of Petroleum Resources.
The special task force to be headed by Dotun Sulaiman, is charged with: reviewing all management controls within NNPC and other parastatals; designing a new corporate governance code for ensuring full transparency, good governance and global best practices in the NNPC among others.
It is also to design a blueprint for separating policy from operations in the NNPC and other parastatals; set key performance indices for NNPC and other parastatals, design a blueprint for eliminating all rent-seeking opportunities and arbitrage in the NNPC system.
The special task force will design a blueprint for professionalism of management and personnel in the NNPC and other parastatals; design a roadmap for transition to the PIB, and work with external consultants as may be required, to produce a -report within the next thirty days.
