Restructuring Nigeria's National Oil Company

The newly appointed Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr Ibe Kachikwu, has wasted no time in getting on with the clean up and restructuring of NNPC. Barely days into the job, the new GMD was hiring and firing in his multi-faceted approach to restructuring Nigeria's national oil company, something that has been welcomed by the oil and gas industry. He intends to take the three facets to his restructuring agenda in turn. 1. The People Phase in Restructuring NNPC The first stage is what he calls the "People Aspect." The GMD's approach is to purge the top echelon of the Corporation, which has been described as a cesspit of corruption by critics. There is no suggestion that all of those removed were involved in wrong doing but his view is that to get a clean start at NNPC you have to get new people in who know from the start that it is no longer business as usual. Deciding in this part of the restructuring to let the axe fall where it may, Kachikwu has sacked all the former GEDs of the Corporation. The sacked GEDs of 8 directorates are: Mr. Bernard Otti, GED Finance and Accounts; Dr. Timothy Okon, Acting GED Exploration and Production who also doubled as Coordinator Corporate Planning & Strategy; Engr. Adebayo Ibirogba, Engineering and Technology; Dr. David Ige, Gas and Power; Ms. Aisha Abdurrahman, Commercial and Investment; Dr. Dan Efebo, Corporate Services; Engr. Ian Udoh, Refining & Petrochemicals; Dr. Attahiru Yusuf, Business Development. 55N8CBUH
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