Business Nigeria: Kachikwu Suspends Further Shake up in NNPC Subsidiaries

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New Group Managing Director (GMD) of the Nigerian National Petroleum Corporation, NNPC, Mr. Emmanuel Kachikwu, in a statement has appealed to friends and well-wishers to stop placing congratulatory adverts on him in the media.

He said he sees his appointment as a serious national assignment that does not require the frivolity of congratulatory adverts and the celebration they connote.

He added that he would rather appreciate that friends and well-wishers support him with their prayers for divine guidance to carry out the onerous task ahead.

Ibe-Kachikwu.jpg

Barely 24 hours after his appointment, Kachikwu , relieved the eight Group Executive Directors, GEDs, of the NNPC of their appointments with immediate effect.

The sledge hammer was also meant to hit all the subsidiary chief executives, but the decision was suspended following further instructions from the Presidency.

The NNPC Group comprises of the following subsidiaries: Duke Oil Nigeria Limited; Hydrocarbon Services Nigeria Limited, Hyson; International Data Services Limited, IDSL; Kaduna Refining and Petrochemical Company, KRPC; Nigerian Engineering Technical Company, NETCO; Nigerian Gas Company, NGC and the National Petroleum Development Company, NPDC.

Others are the National Petroleum Investment Marketing Services, NAPIMS; Port Harcourt Refining Company, PHRC; Pipelines and Products Marketing Company, PPMC and Warri Refining and Petrochemical Company, WRPC.


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