President Bola Tinubu on Wednesday, appointed Engineer Bashir Ojulari as the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited.
As announced by the Special Adviser to the President (Information & Strategy), Bayo Onanuga, the president had invoked Section 59, subsection 2 of the Petroleum Industry Act, 2021, which emphasised that the board’s restructuring is crucial for enhancing operational efficiency, restoring investor confidence, boosting local content, driving economic growth, and advancing gas commercialisation and diversification.
Tinubu sacked the Chairman of the company, Pius Akinyelure and the Group Chief Executive Officer, Mele Kyari.
He also removed all other board members appointed with the Chairman, Pius Akinyelure and the Group Chief Executive Officer, Mele Kyari in November 2023.
The new 11-man board now has Ojulari as the Group CEO and Ahmadu Kida as the Non-Executive Chairman.

