President Muhammadu Buhari has approved the appointment Dr Maikanti Kacalla Baru as new Group Managing Director (GMD) for the Nigerian National Petroleum Corporation (NNPC).
He replaces Dr. Ibe Kachikwu who until today (Monday) occupied the position and doubled as Minister of State for Petroleum Resources.
The President also approved the composition of the Board of the corporation as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended, Femi Adesina, the President’s spokesman said in a statement Monday.
“The new board is composed of the following:
A. Chairman-Dr Emmanuel Ibe Kachikwu, Honourable Minister of State for Petroleum;
B. Group Managing Director – Dr Maikanti Kacalla Baru;
C. The Permanent Secretary of the Federal Ministry of Finance; and
D. The following six persons:
1. Mallam Abba Kyari
2. Dr Thomas M.A John
3. Dr Pius O. Akinyelure
4. Dr Tajuddeen Umar
5. Mallam Mohammed Lawal, and
6. Mallam Yusuf Lawal.
President Buhari urges the new board to ensure the successful delivery of the mandate of the NNPC, ” and serve the nation by upholding the public trust placed on them in managing this critical national asset.””