FG Unbundles NNPC Into Four Units

The Minister of State for Petroleum and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Ibe Kachikwu, has unbundled the organization into five Business and two services components.

The State-run oil corporation boss also converted the Group Executive Directors , GEDs, to Chief Executive Officers, CEOs, and redeployed them to the various business components.

Kachikwu told newsmen in Abuja, on Tuesday, March 9 that the movements were part of his strategy to ensure that each of the former GEDs pushed what used to be the former divisions in the group to profitability.

Those moved were: Alhaji Bello Rabiu, who has been appointed CEO, Upstream. He was formerly Group General Manager, Corporate Planing $ Strategy, CP&S; Mr. Henry Ikem-Obih was brought in as CExecutive Officer, Downstream; Anibor Kragha who was formerly GGM Treasury has been appointed CEO Refineries; Alhaji Saidu Mohammed who was the MD of Kaduna Refinery has been appointed CEO, Gas & Power; Mr. Babtunde Adenira, formerly GED C&I is now CEO, Ventures; Isiaka Abdulrazak is CEO Finance and Services; while Isa Inuwa who was DMD, NLNG is now Executive Head of Corporate Services.

According to Kachukwu, the new arrangement will eliminate bureaucracy in the operations of the corporation and that each of the constituent units would be profit-driven.

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