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 →



By Chika Amanze-Nwachuku

 


As part of concerted efforts to thin out fuel queues across the country, the Nigerian National Petroleum Corporation (NNPC) has revealed that additional four million litres of petrol have been released to marketers from the Kaduna Refining and Petrochemical Company (KRPC).

Group Managing Director (GMD) of the NNPC, Mr. Andrew Yakubu

The Group Managing Director (GMD) of the NNPC, Mr. Andrew Yakubu, made this known Tuesday, at a meeting between the Senate Committee on Petroleum Downstream at the National Assembly Complex in Abuja.

Represented by the Group Executive Director, Corporate Services, Dr. Peter Nmadu, the GMD said the corporation in its bid to keep the country wet with petrol after the rupturing of the System 2B Pipeline at Arepo by vandals, made alternative arrangements for products distribution by diverting petroleum products to some private depots in Lagos for onward trucking to petrol stations.

He said the NNPC had relied on massive trucking of the products across the country to ameliorate the pains of motorists in the country adding that one-third of the nation’s daily fuel consumption is pumped through the System 2B Pipeline that has been ruptured.

“In order to alleviate the hardship being inflicted on Nigerians by the product thieves who ruptured the NNPC System 2B Pipeline at Arepo, the Kaduna Refining and Petrochemical Company is supplying additional four million litres of fuel to bridge the gap and ease the hiccup. With the ongoing efforts, we are optimistic that the queues will fizzle out,” Nmadu submitted.

He added that some of the NNPC trucks that were conveying fuel to the North were also trapped in Lokoja due to the floods, assuring Nigerians that all hands were on deck to keep the nation wet with petroleum products.

The Acting GMD, while decrying the activities of pipeline vandals, noted with that three NNPC member of staff were still missing and some others receiving treatment which they sustained while trying to repair the ruptured pipeline a couple of weeks ago.

Responding to the question of a likely strike by the in-house unions due to the missing personnel, Nmadu said the management has not received any notice of strike action by the in-house unions.

In his remarks, the Chairman, Senate Committee on Downstream, Senator Magnus Abe, commiserated with the management and staff of the NNPC over the missing personnel and assured them of a collaborative effort with the Nigerian Police to help rescue the missing staff.

Speaking in similar vein, the Vice-Chairman of the Committee, Alhaji Danjuma Goje, commended the corporation for its pragmatic measure by increasing the number of petroleum products trucks to every nook and cranny of the country to address the challenge of fuel queues.

 



By Chineme Okafor

 


The newly-appointed Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, has disclosed that the corporation is on the verge of introducing new business models that will yield profit to it from across its Strategic Business Units (SBUs).

GMD of the Nigerian National Petroleum Corporation, Mr. Andrew Yakubu

Yakubu to this end, stated that the corporation’s management team under his watch will introduce new ways of doing business in its SBUs and Corporate Service Units (CSUs) as it moves to ensure that it is commercially viable to remain competitive in the global oil and gas industry.

According to a statement from the acting Group General Manager, Public Affairs of NNPC Mr. Fidel Pepple, Wednesday in Abuja, Yakubu made this disclosure during his inaugural town hall meeting with management and staff of the Corporation at the NNPC Towers.

He told the staff that the management team will reposition the NNPC to become a commercially focused and profit-driven organisation that is governed by best management practices and deploying modern technology in its effort to transform the Corporation.

Yakubu said: “To ensure early realisation of this objective, all SBUs and CSUs must be positioned to pursue and maintain competitive operational and business efficiency, cost effectiveness, input and output optimisation, revenue maximisation and profitability.”

Listing the initiatives to be considered by the new management for immediate approval and implementation, Yakubu explained that there will be new business models and organisational structures for all the SBUs and CSUs such as NNPC Retail Ltd, Nigerian Petroleum Development Company (NPDC) and others subsidiaries adding that they will capitalise and create profit-oriented SBUs, implement Project Sanction and Approval Procedure (PSAP), and performance management based on commercial orientation.

The GMD also noted that his agenda for the new NNPC will include firm focus on entrenching accountability and transparency, rebuilding of the financial position of NNPC, and implementation of the growth strategy of NPDC.

He equally added that the Corporation will focus on monetising gas resources for national economic growth and development, revamping critical facilities and infrastructure as well as promoting capacity building, empowerment and staff welfare.

Yakubu further said that the NNPC under his watch will review all audit reports on its activities within the past five years with a view to building a comprehensive information data base to improve the Corporation’s performance and quickly address relevant recommendations.

“NNPC will have a zero tolerance for corruption and all cases of corrupt practices will be severely dealt with in accordance with extant laws.

The Corporation will ensure the security and rehabilitation of its key pipeline infrastructure across the nation to ensure efficient supply and distribution of petroleum products to every nook and cranny of the country, and management will work towards providing adequate welfare package for staff as well as strengthening its human resource base,” Yakubu said.