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NNPC Explains Replacement Exercise

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NNPC
  • NNPC Explains Replacement Exercise

The Nigerian National Petroleum Corporation has confirmed an exclusive report published on Monday about a major reorganisation of top management employees of the country’s oil firm.

In an email that was made available to our correspondent on Monday in Abuja, the NNPC explained that the staff members movement was normal replacement and backfill exercise to bridge the gap occasioned by the impending retirement of some management staff members of the corporation, among others.

NNPC’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, said the exercise involved statutory retirement of 11 of its senior management staff members as well as the redeployment of 19 others and that such replacements were always effected before the final exit of the concerned staff member.

Ughamadu stated that in all, 30 senior members of staff were affected by both the statutory retirements and redeployment.

He gave the list of staff members on statutory retirement between May 1 and July 31 this year to include the General Manager, Chad Basin, Aniya Umaru, who is from the North-Eastern part of the country and retired on May 6, 2019; Adewale Ladenegan, Managing Director, Kaduna Refining and Petrochemical Company, who hails from the South-West and retired on May 13, 2019; and Musa Gimba, who is the Group General Manager, NNPC Leadership Academy, who is from the North-East and retired on May 14, 2019.

Others include Umma Musa, who is the General Manager, HR and Admin Services, Duke Oil, from North-West and retired on May 19, 2019; Emmanuel–Ate Ndidi, General Manager, Support Services, Nigeria Gas Company, from the South-South region and retires on May 30, 2019; Tsavnande Atighir, Executive Director, Operations, from the North-Central; Okor Ovieghara, General Manager, Upstream/Technical Assistant to the Group Managing Director, who hails from the South-South region.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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