President Bola Tinubu has announced the appointment of Bayo Ojulari as the new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) following the sacking of Mele Kyari.
The presidency announced the shakeup in Nigeria’s oil company in a statement signed by Bayo Onanuga, President Tinubu’s special adviser on information and strategy, in the early hours of Wednesday, April 2.
Before his appointment, Ojulari had earlier served as the chairman of President Bola Ahmed Tinubu (BAT) Advisory and Energy Company. Ojulari has also served as the managing director of Shell Nigeria Exploration and Production Company (SNEPCo) from 2015 to 2021.
Along with Ojulari, President Tinubu also made several other appointments in the NNPC Limited management. This included Adedapo Segun, who took over the role of chief financial officer from Umaru Isa Ajiya last November, and has now been named to the new board by President Tinubu.
Six board members, non-executive directors, represent the country’s geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.
President Tinubu appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as a non-executive director from the South East.
