BREAKING: President Tinubu sacks NNPCL CEO Mele Kyari

The decision, effective April 2, 2025, was announced in a statement signed by Bayo Onanuga, special adviser to the president on information and strategy.

Citing the need for “enhanced operational efficiency, restored investor confidence, and a more commercially viable NNPC”, Tinubu invoked his powers under section 59(2) of the Petroleum Industry Act (PIA) 2021 to carry out the sweeping reconstitution.

President Tinubu has also sacked all board members who were appointed alongside Akinyelure and Kyari in November 2023.

As part of the overhaul, Ahmadu Musa Kida has been appointed as NNPC’s new non-executive chairman, replacing Pius Akinyelure, while Bashir Bayo Ojulari takes over from Kyari as the new group CEO. Also, Adedapo Segun has been confirmed as the company’s chief financial officer (CFO).

Adedapo Segun, who took over the role of chief financial officer from Umaru Isa Ajiya last November, has been named to the new board by President Tinubu.

Six board members, non-executive directors, represent the country’s geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.

President Tinubu appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as a non-executive director from the South East.

Mrs Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.

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Ahmadu Musa Kida – Non-Executive Chairman

Bashir Bayo Ojulari – Group CEO

Adedapo Segun – Chief Financial Officer

Bello Rabiu – Non-Executive Director (North West)

Yusuf Usman – Non-Executive Director (North East)

Babs Omotowa – Non-Executive Director (North Central)

Austin Avuru – Non-Executive Director (South-South)

David Ige – Non-Executive Director (South West)

Henry Obih – Non-Executive Director (South East)

Mrs Lydia Shehu Jafiya – Representative, Ministry of Finance

Aminu Said Ahmed – Representative, Ministry of Petroleum Resources

President Tinubu, invoking the Petroleum Industry Act (2021), tasked the new board with enhancing efficiency, investor confidence, local content, and economic growth.