First and foremost, we are all aware of the news of the passage of PIB after decades of attempts and the eventual assent by Former President Muhammadu Buhari on 22nd August 2021. The event was to herald a new dawn for the Petroleum industry in Nigeria and put the country on the path of greatness again….CONTINUE READING>>>
However, the gains of the PIA are being marred by the high-handedness of the NNPCL GCEO.
The NNPC Limited, though a company now, is still 100% owned by the Federal Government of Nigeria through the Ministry of Finance Incorporated and Ministry of Petroleum Incorporated.
That said, one would expect appointments into the Senior Management Team to reflect the ethno-religious diversity of the Nigerian Nation.
However, that is not the case with NNPCL under the leadership of MKK. Out of the first eight positions available (The GCEO, the CFO and 6 Executive Vice Presidents’ positions), six (6) of those went to the North while a paltry two (2) were allotted to the South – South West and South South specifically.
The South East is still being maligned, disenfranchised and mistreated. The implication is that we are saying that there is no single individual from South East extraction, capable of holding such positions. One could argue that it was not within the prerogative of the GCEO to appoint EVPs but the board.
True, but it is common knowledge that the current Board only dances to the tune of their paymaster.. MKK.
Similarly, most of the key SBUs are being manned by Northerners- NUIMS, NEPL, NTL, NGMC, NGIC, etc. More on the rot of the system in the Upstream will be exposed in a short while, but the focus now is on the downstream segment of the company NNPC Retail….CONTINUE READING>>>