President Muhammadu Buhari has appointed Dr. Maikanti Kacalla Baru as Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), his spokesman, Mr. Femi Adesina, said in a statement on Monday.
Mr. Baru is replacing Mr. Emmanuel Ibe Kachikwu, the Minister of State for Petroleum, who was playing double roles as Minister and GMD of NNPC.
With the latest appointment, Mr. Kachikwu would focus on his job as coordinator of all the agencies under his ministry.
President Buhari also approved the composition of the Board of NNPC, citing Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997.
His spokesman Adesina said the new board is composed of the following:
A. Chairman-Dr Emmanuel Ibe Kachikwu, Honourable Minister of State for Petroleum;
B. Group Managing Director- Dr Maikanti Kacalla Baru;
C. The Permanent Secretary of the Federal Ministry of Finance; and
D. The following six persons:
1. Mallam Abba Kyari
2. Dr Thomas M.A John
3. Dr Pius O. Akinyelure
4. Dr Tajuddeen Umar
5. Mallam Mohammed Lawal, and
6. Mallam Yusuf Lawal.
“President Buhari urges the new board to ensure the successful delivery of the mandate of the NNPC and serve the nation by upholding the public trust placed on them in managing this critical national asset,” Mr. Adesina said.