Nigeria Federal Government has finally split the Nigerian National Petroleum Corporation (NNPC) into seven independent operational units.
The Minister of State for Petroleum Resources, Ibe Kachikwu, who announced the split of the national oil company in Abuja today, said that five of the seven operational units will be strictly business-focused in line with global best practices of national oil companies.
The new units include those for Upstream, Downstream, Gas & Power, Refineries, Ventures, Corporate Planning & Services and Finance and Accounts, each being headed by a Chief Executive Officer (CEO).
For the Upstream, Bello Rabiu has been appointed CEO while Henry Ikem-Onih becomes the CEO of Downstream and Anibor Kragha for the Refineries. Others are Saudu Mohammed for Gas & Power) and Babatunde Adeniran for the Ventures.
The Group Executive Director in charge of Finance & Services would be Isiaka Abdulrazaq, while the Executive Head, Corporate Services will be Isa Inuwa.
All appointments are with immediate effect. [myad]
