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Showing posts with label ExxonMobil. Show all posts
Showing posts with label ExxonMobil. Show all posts

Thursday, 21 April 2016

Buhari Removes Kachikwu As NNPC GMD, Appoint Replacement

Nigerian President, Muhammadu Buhari has replaced Dr Ibe Kachikwu as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC).  

Reports say his replacement, Maikanti Baru was the Group Executive Director of the corporation before his appointment. Baru, who holds a PhD like Kachikwu, is currently the GED for exploration and production and was initially tipped to succeed Joseph Dawha, who was removed as GMD in August.

Kachikwu, who was appointed GMD only in August, was nominated as minister by Buhari in what insiders described as a “soft landing” arrangement for the former executive vice chairman and general counsel of Exxon Mobil (Africa).

Buhari, presidential sources said, has been very “uncomfortable” with some of the actions, pronouncements and in-house changes made by Kachikwu since he became the helmsman at NNPC.