UPDATE | Buhari Drops Ibe Kachickwu as GMD of NNPC

President Muhammadu Buhari has dropped Emmanuel Ibe Kachikwu as the group Managing Director of the Nigerian National Petroleum Corporation (NNPC) and replaced him with Maikanti Baru. In a press statement issued in Abuja on Monday, the president's office stated that Kachikwu will now be the chairman of the Board of the NNPC, as the minister for State for Petroleum.

President Buhari also also approved new Board of Directors for NNPC.

See full statement below:

President Muhammadu Buhari has approved the composition of the Board of the Nigerian National Petroleum Corporation (NNPC), as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended.

The new board is composed of the following:
A. Chairman - Dr Emmanuel Ibe Kachikwu, Honourable Minister of State for Petroleum;
B. Group Managing Director - Dr Maikanti Kacalla Baru;
C. The Permanent Secretary of the Federal Ministry of Finance; and
D. The following six persons:

1. Mallam Abba Kyari
2. Dr Thomas M.A John
3. Dr Pius O. Akinyelure
4. Dr Tajuddeen Umar
5. Mallam Mohammed Lawal
6. Mallam Yusuf Lawal

President Buhari urges the new board to ensure the successful delivery of the mandate of the NNPC, "and serve the nation by upholding the public trust placed on them in managing this critical national asset."

FEMI ADESINA
Special Adviser (Media & Publicity)