President Muhammadu Buhari has directed the incorporation of
the Nigerian National Petroleum Company, NNPC, into a company.
Buhari gave the directive to NNPC Group Managing Director of
the NNPC, Mele Kyari.
His spokesman, Femi Adesina, disclosed the president’s
directive in a statement he issued on Sunday.
The presidential spokesman explained that Buhari’s action
was backed by the relevant provisions of the constitution.
Adesina said the president’s directive was in “consonance
with Section 53(1) of the Petroleum Industry Act 2021, which requires the
Minister of Petroleum Resources to cause for the incorporation of the NNPC
Limited within six months of commencement of the Act in consultation with the
Minister of Finance on the nominal shares of the Company.
“The Group Managing Director of the NNPC, Mr Mele Kolo
Kyari, has, therefore, been directed to take necessary steps to ensure that the
incorporation of the NNPC Limited is consistent with the provisions of the PIA
2021.
“Also, by the power vested in him under Section 59(2) of the
PIA 2021, President Buhari has approved the appointment of the Board and
Management of the NNPC Limited, with effect from the date of incorporation of
the company.”
The statement also disclosed that the president reserved the
position of the Minister of Petroleum Resources to himself.
The president also appointed board members of NNPC, among
whom are Senator Ifeanyi Ararume, and Kyari.
Buhari appointed Senator Ifeanyi Ararume as the Chairman of
the Board, Mele Kolo Kyari as Chief Executive Officer and Umar Ajiya Chief
Financial Officer.
Others Buhari appointed include; “Tajudeen Umar (North
East), Lami Ahmed (North Central), Mohammed Lawal (North West), Margaret Chuba
Okadigbo from South East, Constance Harry Marshal also from the South South,
and Pius Akinyelure (South West),” the statement said.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com