The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a sweeping reorganization under the leadership of its newly appointed Group Chief Executive Officer, Engineer Bayo Ojulari. The restructuring has led to the dismissal of several senior executives and the reassignment of key positions across the corporation and its subsidiaries.
Among those affected by the changes are prominent figures such as Bala Wunti, the former Chief of the National Petroleum Investment Management Services (NAPIMS); Ibrahim Onoja, the Managing Director of Kaduna Refinery; and Lawal Sade, the Chief Compliance Officer and former Managing Director of NNPC Trading.
According to reliable sources, the ongoing reorganization has impacted over 200 employees. As part of the leadership overhaul, Maryam Idrisu has been appointed as the new Managing Director of NNPC Trading — the unit responsible for all crude oil transactions. In addition, Obioma Abangwu has been named Chief Liaison Officer for Board Matters.
This development follows earlier reports by Vanguard indicating that a wave of leadership changes was imminent at NNPC Ltd and its subsidiaries. Engineer Ojulari, who assumed office as the new GCEO, is reportedly committed to placing the right talent in the right roles to drive national objectives in the oil and gas sector.
The reform agenda is set to affect the NNPC corporate headquarters and cascade through several subsidiaries. These include the upstream, downstream, gas and power, new energy, and non-energy divisions. The goal is to optimize performance, enhance efficiency, and reposition NNPC Ltd for future growth.
Subsidiaries impacted by the shake-up include:
NNPC E&P Limited (NEPL)
NNPC Upstream Investment Management Services (NUIMS)
NNPC Energy Services Limited (EnServ)
NNPC Engineering and Technical Company (NETCO)
NNPC New Energy Limited (NNEL)
NNPC Gas Infrastructure Company (NGIC)
NNPC Gas Marketing Limited (NGML)
NNPC Gas & Power Investment Services (NGPIS)
NNPC Trading Limited (NTL)
NNPC Retail Limited (NRL)
NNPC Shipping Limited (NSL)
NNPC RefChem Limited (NRCL)
NNPC Downstream Investment Services (NDIS)
Nigerian Pipelines and Storage Company Limited (NPSC)
National Energy Reserve Management Company (NERMC)
NNPC Non-Energy Investment Services (NNIS)
NNPC Foundation Limited/Gte
NNPC Academy
NNPC Properties Limited (NPL)
Health Maintenance Organization (HMO)
Research Technology and Innovation (RTI)
This sweeping reform signifies a new era at NNPC Ltd as the leadership seeks to align the company’s operations with global best practices and Nigeria’s strategic energy goals.
