The Board of Directors of the Nigerian National Petroleum Company Limited (NNPC) has announced a series of significant leadership changes aimed at enhancing corporate governance and operational efficiency within the national oil company.
The changes, made public yesterday, include the removal of Umar Ajiya and Oritsemeyiwa Eyesan from their positions as Chief Financial Officer and Executive Vice President (Upstream), respectively.
Mr. Adedapo Segun has been appointed as the new Chief Financial Officer (CFO), Mr. Udobong Ntia as the Executive Vice President (EVP), Upstream, and Mr. Isiyaku Abdullahi as the Executive Vice President (EVP), Downstream.
In a statement released by the NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, the company revealed that these appointments were made to align with NNPC’s strategic objectives and to ensure the long-term success of Nigeria’s energy sector.
The statement noted, “The NNPC is pleased to announce a series of strategic leadership appointments. These changes reflect our continued dedication to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector.”*
Mr. Segun, who previously served as the EVP, Downstream, replaces Umar Ajiya as CFO. Udobong Ntia takes over from Oritsemeyiwa Eyesan as EVP, Upstream. However, the statement did not specify the reasons for the departure of Ajiya and Eyesan.
The NNPC statement continued, “The following key appointments have been made: Mr. Adedapo Segun has been appointed as the Chief Financial Officer (CFO). Mr. Segun previously served as the Executive Vice President, Downstream, where he made significant contributions to the company’s downstream operations.”
Additionally, Mr. Isiyaku Abdullahi has been named EVP, Downstream. The NNPC emphasized that these appointments are part of a broader effort to build a unified and competent leadership team that will drive operational excellence and support the company’s strategic objectives.
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The board expressed its gratitude to the outgoing officials, noting, “The Board and Management also extend their deepest appreciation to Mr. Umar Ajiya and Mrs. Oritsemeyiwa Eyesan for their outstanding dedication and service to NNPC Limited.”
NNPC also reiterated its commitment to achieving operational excellence, enhancing global competitiveness, and ensuring financial sustainability, while prioritizing the interests of the Nigerian public in the petroleum industry.
The statement concluded, “NNPC remains committed to achieving operational excellence, enhancing global competitiveness, and ensuring financial sustainability, while prioritizing the interests of the Nigerian public in the petroleum industry.”
