In a sweeping overhaul of its leadership structure, the Nigerian National Petroleum Company Limited (NNPC Ltd) has sacked the Managing Directors of its three major refineries, including those in Port Harcourt, Warri, and Kaduna.
The move, confirmed by multiple credible sources within NNPC, is part of a broader restructuring effort spearheaded by the company’s new management.
Key Changes:
- Managing Directors of Port Harcourt, Warri, and Kaduna refineries dismissed
- Bala Wunti, former Chief of National Petroleum Investment Management Services (NAPIMS), was also relieved of his duties
- Senior officials with less than one year to retirement have been directed to proceed with a mandatory exit
While an official statement from NNPC Ltd is still pending, insiders revealed that the shake-up is aimed at repositioning the oil giant for better efficiency and transparency, especially as global and local scrutiny mounts on Nigeria’s energy sector performance.
Background:
NNPC Ltd, which transitioned to a fully commercial entity under the Petroleum Industry Act (PIA), has been under pressure to revive Nigeria’s moribund refineries and boost domestic production amid persistent fuel importation and subsidy challenges.
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What This Means:
The changes may signal a renewed push for refinery rehabilitation and internal accountability. It could also affect the pace of the ongoing Port Harcourt refinery revamp project, which the government previously announced would come on stream soon.
Stay tuned to Naija Blog Daily for more updates as the story unfolds.
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