The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Emmanuel Kachikwu, has commenced a shake-up of the organisation.
Dr Kachikwu on Wednesday, August 5, announced a restructuring of the NNPC by cutting down the size of the directorates of the NNPC from eight to four and has appointed new Group Executive Directors.
The new offices and their heads include, Directorate of Refining and Engineering to be headed by Dr M.K Baru, Mr Denis Nnamdi to take charge of the Directorate of Exploration and Production.
Mr Bankole Komolafe has been appointed Group Executive Director for the Directorate of Commercial and Investment, while Mr Isiaka Abdulrazak will now head the Finance Directorate.
The restructuring and the appointments come weeks after a strong stance from President Muhammadu Buhari to fix the oil sector, rid the sector of rot and probe monies stolen which are said to be flown abroad.
The sack of the GEDs is coming barely 24 hours after he was appointed by President Buhari to head the Nation’s oil corporation.