President Goodluck Jonathan has approved the creation of a new office of Deputy Group Managing Director (GMD) for the Nigeria National Petroleum Corporation (NNPC).
This, according to a statement from the Presidential spokesman, Dr. Reuben Abati, is in furtherance of the ongoing efforts to transform the NNPC into a commercially-driven entity.
This is even as the President has approved the appointment of Mr. Bernard O.N. Otti, who until now was the Corporation’s Group Executive Director (Finance and Accounts) to occupy the new position in addition to being the Director/Group Executive Director (Finance and Accounts).
Mr. Otti, who hails from Anambra State, is said to have held senior positions in some of the largest financial institutions in Nigeria and internationally, and has also served on the boards of numerous public and private institutions.
The new office of Deputy Group Managing Director is expected to strengthen the corporate governance structure of the NNPC and help ensure that value for money and return on investment increasingly become key factors in all operational decisions. [myad]
Advertisement
