The Nigerian National Petroleum Company Limited has recently implemented changes in its top management roles to enhance operational efficiency and remain competitive in the global oil and gas sector. The company made these adjustments, including appointing new executives and replacing others, as part of its commitment to adhering to the Petroleum Industry Act and improving corporate governance.
The reshuffling involved the appointment of a new Chief Financial Officer, Mr. Adedapo Segun, who was previously the Executive Vice President of Downstream. He succeeded Mr. Umar Ajiya in this role. Additionally, Mr. Isiyaku Abdullahi was appointed as the new Executive Vice President of Downstream, taking over from Adedapo Segun, while Mr. Udobong Ntia became the new Executive Vice President of Upstream, replacing Oritsemeyiwa Eyesan.
These changes align with NNPC Limited’s strategic objectives and dedication to operational excellence in Nigeria’s energy sector. The company expressed gratitude to the outgoing executives for their service and highlighted its commitment to achieving operational excellence, enhancing competitiveness, and ensuring financial sustainability while prioritizing the interests of the Nigerian public in the petroleum industry.
The newly appointed Chief Financial Officer, Mr. Adedapo Segun, has a track record of driving optimization initiatives and achieving ISO 9001:2015 certification. Mr. Isiyaku Abdullahi, the Executive Vice President of Downstream, brings over 30 years of industry experience, emphasizing transparency and performance excellence. Mr. Udobong Ntia, the Executive Vice President of Upstream, previously served as an Executive Director at ExxonMobil, showcasing his expertise in the oil and energy sector.
In response to recent protests calling for the resignation of the Group Chief Executive Officer, Mele Kyari, the NNPC Limited spokesperson defended the leadership, citing efforts to maintain fuel accessibility at a reduced price despite challenging economic conditions. The company remains focused on operational efficiency and meeting the needs of the Nigerian public in the petroleum industry.