Buhari Appoints Araraume As Chairman Of NNPC. President Muhammadu Buhari has named Senator Ifeanyi Ararume as NNPC Limited Board Chairman with Mele Kolo Kyari and Umar I. Ajiya as Chief Executive Officer, and Chief Financial Officer, respectively. Photo Credit: Vanguard Newspapers A statement by Special Adviser to the President on Media and Publicity, Femi Adeshina on Sunday said the President in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited.
The President, Major General Muhammadu Buhari (retd.), has earlier signed the Petroleum Industry Bill 2021 into law. The President, Major General Muhammadu Buhari (retired), ordered the Nigerian National Petroleum Company Limited to be incorporated. It also approved the appointment of the board and management of NNPC Limited with Senator Ifeanyi Ararume as chairman. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, has been appointed Managing Director. This was
The President of Nigeria, President Muhammadu Buhari, has put forward the much awaited Petroleum Industry Bill 2020 to the National Assembly, proposing for the creation of the Nigerian National Petroleum Company Limited. The bill therefore proposes the scrapping of the existing Nigerian National Petroleum Corporation as well as the Petroleum Products Pricing Regulatory Agency respectively. The bill further provides for the NNPC Limited to be incorporated by the Petroleum Minister who alongside his sister Finance