Subsidy Special Update: NNPC GM Austen Oniwon sacked - Enter Yakubu

Engineer Austen Olusegun Oniwon  the new Group Managing Director of the Nigerian National Petroleum Corporation, NNPC has been sacked today.

Continue to read full report &check the new names....


President Goodluck Jonathan has fired the Group Managing Director of the Nigerian National Petroleum Corporation, Austen Oniwon, and other top officials of the corporation.
Mr. Oniwon was sacked along other top management of the corporation in a sweeping move by Mr. Jonathan.
The NNPC management has been involved in several scandals including the petroleum subsidy payment scandal.
Part of the recommendations of the Farouk Lawan committee report by the House of Representatives is the removal of Mr. Oniwon and the NNPC management.
Andrew Yakubu, an engineer, has been appointed Mr. Oniwon's replacement.
Details later...
See full press release from the presidency on the new appointments below.
PRESIDENT JONATHAN APPROVES RE-COMPOSITION OF NNPC MANAGEMENT TEAM
To further strengthen the ongoing reforms and transformation of Nigeria’s Petroleum sector, and in furtherance of efforts to achieve greater transparency  and accountability in government, President Goodluck Ebele Jonathan has approved the re-composition of the executive management team of the Nigerian National Petroleum Corporation (NNPC) as follows:

1.      Engr. Andrew Yakubu - Group Managing Director

2.      Mr. Bernard O.N. Otti - Group Executive Director (Finance and Accounts)

3.      Engr. Abiye Membere - Group Executive Director (Exploration and Production)
4.      Dr. Peter S. Nmadu - Group Executive Director (Corporate Services)

5.      Engr. Anthony Ogbuigwe - Group Executive Director (Refineries & Petrochemicals)
6.      Dr. Attahir B. Yusuf - Group Executive Director (Commercial & Investments)
7.      Dr. David Ige - Group Executive Director (Gas & Power)

The incoming Group Managing Director, Engr. Andrew Yakubu graduated from the Ahmadu Bello University, Zaria in 1979 with a degree in Chemical Engineering. He joined the NNPC in 1980. Positions he has held in the corporation include Managing Director of the Warri Refining and Petrochemicals Company and Group Executive Director (Exploration and Production). Engr. Yakubu is an indigene of Kaduna State and a Fellow of the Nigerian Society of Engineers.
President Jonathan has also approved the appointment of Engr. Victor Briggs as the new Managing Director of the Nigerian Petroleum Development Company (NPDC).
The incumbent Group Managing Director, Engr. Austen Oniwon, and Mr. Michael Arokodare (outgoing Group Executive Director (Finance and Accounts), Mr. Philip Chukwu, outgoing Group Executive Director (Refineries & Petrochemicals), and Engr. Billy Agha, outgoing Group Executive Director (Engineering & Technology) are to proceed on retirement.
President Jonathan commends the outgoing directors for their service to the nation and urges the new management team to be fully committed to rapidly implementing the critical interventions needed to positively transform Nigeria’s petroleum industry.

Reuben Abati
Special Adviser to the President
, Media & Publicity
June 26, 2012


-Premium times