Home Business New restructuring at NNPC Ltd impacts over 200 employees
Business

New restructuring at NNPC Ltd impacts over 200 employees

Share
Share


In a major shake-up of its management structure, the Nigerian National Petroleum Company (NNPC) Ltd has reportedly terminated the services of several senior executives, sources reveal.

Among those departing are Bala Wunti, the former head of the National Petroleum Investment Management Services (NAPIMS), and Ibrahim Onoja, the managing director of the Kaduna Refinery. Also part of the restructuring is Lawal Sade, the chief compliance officer and former managing director of NNPC Trading. These individuals are said to have close ties with Mele Kyari, who was removed from his position as Group CEO on April 2, 2025.

Sources indicate that the restructuring has affected over 200 employees, signaling the beginning of what could be a broader overhaul of the organization’s workforce.

However, the restructuring has also seen an increase in female representation within the company’s senior leadership. Notably, Maryam Idrisu has been appointed as the new managing director of NNPC Trading, responsible for overseeing all crude oil transactions. Additionally, Obioma Abangwu has been named chief liaison officer for board matters.

Daily Sun understands that these changes have been met with positive reception from staff, indicating a sense of optimism within the organisation.



Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Bell tolls as nation’s public debt nears N186trn

• External reserves rise to $38.63bn  ν FG’s borrowing spree after subsidy...

CBN pumps $81m into BDCs as FX demand heightens

By Chinwendu Obienyi The Central Bank of Nigeria (CBN) intervened in the...

FG inaugurates new NDIC board to drive $1tn economy agenda

From Adanna Nnamani, Abuja The Federal Government has inaugurated the newly appointed...

You lied over River Park land — Obasanjo to Ghana businessman

From Godwin Tsa, Abuja Former President Olusegun Obasanjo has debunked claims by...