President Muhammadu Buhari has approved the formation of the Board of the Nigerian National Petroleum Corporation (NNPC).
Mr. Buhari also removed Ibe Kachikwu as group managing director of the corporation, a statement by presidential spokesperson, Femi Adesina, showed.
He however allowed him to remain as minister of state for petroleum and will serve as chairman of the new NNPC board.
The new NNPC GMD is Maikanti Kacalla Baru, according to the presidency.
The new board is composed of:
Chairman-Dr Emmanuel Ibe Kachikwu, Honourable Minister of State for Petroleum;
Group Managing Director- Dr Maikanti Kacalla Baru
The Permanent Secretary of the Federal Ministry of Finance
Also included in the board are:
Mallam Abba Kyari
Dr Thomas M.A John
Dr Pius O. Akinyelure
Dr Tajuddeen Umar
Mallam Mohammed Lawal
Mallam Yusuf Lawal.
President Buhari has urged 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.