President Muhammadu Buhari is currently meeting behind closed doors in his office, the new and immediate past Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) at the Presidential Villa.
Melee Kolo Kyari formally took over from Maikanti Baru on Monday as the 19th GMD of NNPC.
Baru had retired from the service of the corporation on July 7 after reaching the statutory 60 years retirement age.
Before his appointment, Kyari was Group General Manager, Crude Oil Marketing Division of the NNPC and the Nigerian National Representative at the Organisation of Petroleum Exporting Countries (OPEC) since 2018.
Festus Marinho, the first Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) says he is the only Nigerian worker who was retired twice from service.
He made this claim on Monday during a valedictory service in honour of the outgoing GMD of the corporation, Maikanti Baru in Abuja, the nation’s capital.
“On the day of my dismissal, the Federal Government sent me a letter of retirement. The following year, the Minister also sent me another letter of retirement. So apparently, I’m the only one in Nigeria who was retired twice,” he said.
According to him, it takes 17 years for someone to go on statutory retirement from the state-owned oil corporation.
The former NNPC boss recalled that when he was invited for the programme by Baru, he was pondering on what address to deliver.
He, however, revealed that he was inspired by a speech made by the Speaker of the House of Representatives, Femi Gbajabiamila, in which the speaker said: “Ladies and Gentlemen, I concur with what has been said.”
Mr. Marinho’s remark drew admiration and applause from the cheering crowd and journalist who witnessed the handing over ceremony at NNPC’s amphitheater.
Marinho also praised Baru for his achievement recorded so far while at the helm of affairs, saying “You did a good job.”
Marinho served as NNPC’s Managing Director from 1977 to 1979 and also served a second term from 1984 to 1985.
He spent several years in the corporation and he is credited with crafting the institutional framework and international standard practices being used in the corporation till date.
The newly appointed Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has promised to position the institution at a global level.
My Kyari made this know during his inauguration as the 19th GMD at the amphitheater of the NNPC Towers in Garki, Abuja.
He also assured that the corporation will be rid of corruption and all forms of discretion will be removed.
“Gone are the days where we see NNPC as a fake institution, NNPC will not be a fake, we have a responsibility to declare what we will do to the citizens of this country, it is their right, not an opportunity or favour.
“We are going to focus on the expectations of Nigerians, every Nigerian expect this company to be accountable, transparent and be able to deliver petroleum products at no difficulty, create employment for the country, so that at the end of the day, it becomes the national oil company that we are all proud of.”
The new GMD seized the opportunity to inform that he will not allow his family to be used to get favours, because he hopes to build a transparent institution.
“For my family, today I’m making it public, if you accept gifts from anyone, it’s not for me. My family will have no influence over me.
“We will be transparent to all so that at the end of the day, we will build this company, we won’t wait for you to tell us what we have done wrong, we are also not saying we won’t make mistake, but we will never make deliberate mistakes.
“I guarantee you that we are going to take this forward, make this company a global one.
“We will remove discretion, expand the frontier of engagement with our stakeholder; the National Assembly, state government and other institutions that require to know what we are doing and need to contribute,” he added.
Mr Kyari was appointed by President Buhari in June, alongside seven Chief Operating Officers.
Until his new appointment, Kyari, a geologist, was Group General Manager, Crude Oil Marketing Division of NNPC and also doubled, since May 13, 2018, as Nigeria’s National Representative to the Organisation of the Petroleum Exporting Countries (OPEC).
President Muhammadu Buhari has appointed Dr Thomas John as Acting Alternate Chairman of the Nigerian National Petroleum Corporation (NNPC) Governing Board.
According to a statement by the Group Managing Director, Dr Maikanti Baru, Dr John will hold the position until a new Minister of Petroleum Resources or Minister of State for Petroleum Resources is appointed.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has described the nation’s oil company as the most open and transparent government-owned corporate entity.
Dr Baru stated this on Thursday while addressing an audience at the public opening of bids for Insurers and Brokers for NNPC Oil and Non-Oil Assets and Liabilities in Abuja.
He explained that his description of the NNPC as ‘most open and transparent’ was due to the company’s commitment to the ideals of probity and accountability in all its operations.
The NNPC GMD stressed that by sustaining the practice of public harvesting of bids submitted in response to the widely advertised call for tenders, the corporation has emerged a veritable champion of openness and transparency.
“In terms of transparency and accountability, I can guarantee you that there is no other government agency that is more open than us,” Baru was quoted as saying in a statement by Mr Ndu Ughamadu who is the Group General Manager of NNPC Group Public Affairs Division.
“We are the first and maybe the only one that is still publishing its account on a monthly basis, that is the uppermost point of transparency.
The NNPC boss noted that same gale of transparency runs through the corporation’s processes and procedures which he said has manifested in seamless conduct of open bid exercises for procurements across the operational value chain.
On the bid for insurers and brokers for NNPC assets and liabilities, he said the transparent nature of the exercise has helped the corporation to save premiums of up to $30m year-on-year over the past three years while ensuring greater participation of insurers and brokers within the same period.
According to the statement, no fewer than 600 bids were submitted for the 2018/2019 exercise for the evaluation and selection of insurers and brokers for the NNPC oil and Non-Oil Assets and Liabilities.
The exercise was witnessed by representatives of the Bureau of Public Procurement (BPP), National Insurance Commission (NICOM), Nigerian Content Development and Monitoring Board (NCDMB), Transparency Watch and hordes of civil society groups and organisations in the country.
Although the NNPC has been heavily criticised over the level of transparency at the corporation, Baru insisted that it has performed better than other government agencies.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, is seeking better collaboration and development amongst African countries in the oil and gas sector.
Mr Baru said: “It is high time African countries collaborate and trade amongst each other not only in terms of oil and gas but in other key sectors.”
He made this known on Monday, at the inaugural edition of the Nigeria International Petroleum Summit (NIPS) holding in Abuja.
According to the NNPC boss, the five-day event is programmed to be an annual event and expected to be Africa’s largest and most important industry platform.
“After several decades of Petroleum exploration exploitation in Nigeria, this event is long overdue, however, as the popular saying goes, it is better late than never.”
He noted that discussions are expected to cut across the industry value chain with focus areas on deepening collaboration across and within the African oil and gas space.
Other areas it will focus on are how to develop modern technologies in the industry, innovative strategies to survive after a global down turn, current trends in the oil and gas markets, gas to power, among other things.
Speaking further, he thanked the Minister of State for Petroleum, Dr Ibe Kachikwu, whose efforts according to him, contributed in making the programme a success.
“Your efforts have nurtured this event into a full-fledged international summit.
“As I scan through the list of invited speakers and panelists, I am convinced that we will be able to frame new strategies and come up with practicable solutions for effectively developing Africa’s Hydrocarbon resources,” he added.
The Nigerian National Petroleum Corporation (NNPC) has called on petroleum products marketers to make life easy for Nigerians.
NNPC Group Managing Director, Dr Maikanti Baru, who said this on Wednesday in Abuja, asked the marketers to stick to the N145 per litre approved pump price for petrol.
He gave the charge while presenting a commendation letter to the Managing Director of BOVAS and Company Ltd, for consistently selling petrol at the regulated price.
Baru noted that NNPC was fully convinced that it was possible for oil marketers to sell petrol at the approved price and still make a decent profit, urging other marketers to emulate BOVAS.
According to him, the Corporation decided to recognise the company and its Managing Director, Mrs Victoria Samson, for helping the government to make life easy for the people.
“It is on record that you have consistently demonstrated not only your ability to supply products to the market, but also to do so within the government-controlled price of N145 per litre,” the GMD said in a statement by the NNPC spokesman, Mr Ndu Ughamadu.
“You are even matching the NNPC Retail price by selling at N143 per litre; that is quite commendable. By doing what she does, Mrs Samson has been making life much easier for Nigerians; that is why we gave her a Commendation Letter as well as a plaque to recognise her efforts,” he added.
The NNPC boss further assured the company of the corporation’s support with necessary interventions to ensure effective supply of petroleum products in its areas of operation.
In her response, Mrs Samson informed Baru that her filling stations nationwide have maintained the N145 regulated price for petrol, even during the periods of supply shortage.
“Without a doubt, this gesture will spur me to further do my best and continue to supply products at affordable prices for the benefit of all Nigerians,” an elated Samson said.
She added that the company would continue to work with the NNPC and relevant agencies, not only to sell petroleum products at approved prices without diversion but also to resolve the current fuel crisis.
The Nigerian National Petroleum Corporation (NNPC) has raised alarm over the sustained nefarious activities of some cross-border fuel smuggling syndicates and hoarders in the country.
The Corporation also noted that such activities have so far impeded its efforts to sanitise the fuel supply and distribution matrix across Nigeria.
NNPC Group Managing Director, Dr Maikanti Baru, said this on Wednesday in a presentation before the Joint National Assembly Committee on Petroleum Downstream in Abuja.
He informed the lawmakers that if the activities of the fuel truck diverters and smugglers were left unchecked, it would be absolutely difficult to guarantee round-the-clock availability of petrol throughout the country.
Baru added that the sudden and unnatural shock in fuel consumption to record levels has over-stretched the Direct-Sale-Direct-Supply (DSDP) crude for product supply arrangement which was originally based on 35 million per day petrol consumption pattern.
He lamented that with the current unprecedented average daily fuel evacuation of 55 million litres since December 1, 2017, to date, it was imperative for the security agencies to close-in on the smuggling syndicates who were cashing in on the obvious petrol price differentials between Nigeria and neighboring countries to make illicit profits.
The NNPC boss explained further that apart from straining the ability of the Corporation to sustain the prevailing 100 per cent petrol importation in the face of increasing cost, the current situation was impacting negatively on NNPC’s resources for servicing Joint Venture Cash-Call and other obligations.
To sustain adequate supply of petroleum products and national energy security, he, however, stress the need for the Federal Government to provide flush volumes in January and March 2018.
He also advised government to create an enabling environment for other oil marketing companies to participate in the importation of petroleum products.
Baru opined that supply should be doubled in order to raise the fuel sufficiency template back to the 30 days threshold from the current 15 days, thereby bringing in at least two vessels per day for 20 days.
He also informed the committee that the Corporation would require additional funding outside the DSDP regime to achieve this.
On the prevailing fuel scarcity, he said measures put in place include engagement of the Nigerian Navy, Federal Road Safety Corps and Nigeria Security and Civil Defence Corps (NSCDC) to improve truck movement among others.
The NNPC GMD added that in addition to the regular DSDP monthly programmed deliveries, the NNPC imported 12 cargoes – nine in December 2017 and three in January 2018.
In his response, Chairman of the NASS Joint Committee, Senator Kabiru Marafa, directed the NNPC to resolve the situation within seven days.
Baru’s presentation was contained in a statement signed by the NNPC Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu.
The House of Representatives has summoned the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru.
The summon followed a motion sponsored on Wednesday by a lawmaker from Kogi State, Honourable Sunday Karimi, who drew attention to the need to investigate the allegation of fuel subsidy payment by the corporation.
Mr Karimi was concerned that “the Federal Government claimed that it has stopped fuel subsidy payment and it is the NNPC that is paying subsidy through its routine trading activities.”
He was also worried about claims that such payment does not “require budgetary approval”, while motion gained the support of a majority of the lawmakers.
Kachikwu and Baru were consequently directed to appear before a Joint Committee of the House to explain the current subsidy payment.
Both men were also asked to account for the funds spent on subsidy payment since January 2017 to date.
The House, however, asked President Muhammadu Buhari to formally request for approval of budgetary provision for fuel subsidy in the 2018 Appropriation Bill, if there is a need for such.
The Minister of State for Petroleum Resources, Dr Ibe kachukwu, and the Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, appear to be at daggers drawn.
Dr Kachikwu is said to have written to President Muhammadu Buhari accusing the NNPC boss of practices that could jeopardise the Federal Government’s policies aimed at repositioning the petroleum industry.
In the letter, dated August 30, which was said to have been leaked to the public, Dr Kachikwu complained to the President over what he considers as insubordination by the NNPC boss.
An alleged copy of the letter which is making the rounds on the Internet indicates that the minister is also unhappy with the manner recent changes in the NNPC were handled and accused Dr Baru of humiliating the board.
Dated a day after the NNPC announced a massive shakeup which affected 55 management staff, the Minister said it wasn’t the first time changes would be made without the Board’s input.
“It is in the spirit of service and absolute belief in your leadership and integrity that I have, after one year of tolerating these disrespectful and humiliating conducts by the GMD, decided to bring these to your attention,” the Minister wrote.
He called on the President to intervene and “save the office of the Minister of State from further humiliation and disrespect by compelling all parastatals to submit to oversight regulatory mandate and proper supervision” which he is supposed to manage on the President’s behalf.
He also called on President Buhari to “save the NNPC and the oil industry from collapse arising from the above non-transparent practices and empower the Board” to do the needful.
When Channels Television contacted the Ministry of Petroleum Resources on the matter, the Director Of Press in the Ministry, Idang Alibi, said the memo was meant to be a confidential communication but expressed disappointment that it was leaked to the public.
He said, “The communication under reference is a normal procedural correspondence by the minister to the President relating to developments in parastatals under his supervision. It is most distressing to the Ministry of Petroleum Resources that a confidential communication to the President on the performance of one of its parastatals can be made public.”
According to him, the essence of the memo is on improving efficiency and encouraging transparency in the oil and gas sector and boosting investor confidence.
A source at the NNPC told Channels Television that the corporation was not prepared to react on the issue.
The Petroleum Tanker Drivers arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its ongoing strike.
The NUPENG President, Igwe Achese, made the announcement after an extensive meeting between the group and the Nigerian National Petroleum Corporation on Monday in Abuja.
At the meeting, the Group Managing Director of NNPC, Maikanti Baru, announced that the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has approved an increase of tanker drivers’ bridging allowance from 6.20 Naira to 7.20 Naira.