FG unbundles NNPC, creates seven units with CEOs

FG unbundles NNPC, creates seven units with CEOs
March 08 22:25 2016

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Tuesday announced the unbundling of the Nigerian National Petroleum Corporation (NNPC) into seven units following the approval by President Muhammadu Buhari.

The new units are Upstream, Downstream, Gas and Power, Refineries, Ventures, Corporate Planning and Services and Finance and Accounts.

The minister said five out of the seven units would be strictly business-focussed in line with global best practices of national oil companies.

The minister also announced Chief Executive Officers of the units namely Bello Rabiu (Upstream), Henry Ikem-Onih (downstream), Anibor Kragha (Refineries), Saudu Mohammed (Gas and Power), Babatunde Adeniran (Ventures), Isiaka Abdulrazaq (GMD Finance and Services) and Isa Inuwa (Executive Head, Corporate Services).