By Chineme Okafor in Abuja with agency report

• More sacks to follow in sweeping shake up

• Govt’s 113-tanker ban may hurt Nigeria’s oil revenue

The federal government yesterday approved the retirement of all eight Group Executive Directors (GED) of the Nigerian National Petroleum Corporation (NNPC), in a sweeping move expected to affect more senior executives of the state-run oil company over the next one week.Towers-Abuja
Their removal came exactly one day after the appointment of Dr. Emmanuel Ibe Kachikwu as the new Group Managing Director (GMD) of the corporation that has been bogged down by gross mismanagement and corruption.
The affected GEDs, whose retirement was with immediate effect, include Mr. Bernard Otti, GED Finance and Accounts; Dr. Timothy Okon, acting GED Exploration and Production, who also doubled as Coordinator Corporate Planning and Strategy of NNPC; Mr. Adebayo Ibirogba, GED Engineering and Technology; and Dr. David Ige, GED Gas and Power. Read More →