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Home ยป Buhari directs incorporation of NNPC Limited, appoints Ararume as Board Chairman
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Buhari directs incorporation of NNPC Limited, appoints Ararume as Board Chairman

Saint AugustineBy Saint AugustineSeptember 20, 2021No Comments2 Mins Read
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President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company (NNPC) Limited.

This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the Minister of Finance on the nominal shares of the Company.

The Group Managing Director of the NNPC, Mr. Mele Kolo Kyari has, therefore, been directed to take necessary steps to ensure that the incorporation of the NNPC Limited is consistent with the provisions of the PIA 2021.

Also, by the power vested in him under Section 59(2) of the PIA 2021, President Buhari has approved the appointment of the Board and Management of the NNPC Limited, with effect from the date of incorporation of the Company.

Chairman of the Board is Senator Ifeanyi Ararume, while Mele Kolo Kyari and Umar I. Ajiya are Chief Executive Officer, and Chief Financial Officer, respectively.

Other Board Members are; Dr. Tajudeen Umar (North East), Mrs. Lami O. Ahmed (North Central), Mallam Mohammed Lawal (North West), Senator Margaret Chuba Okadigbo (South East), Barrister Constance Harry Marshal (South South), and Chief Pius Akinyelure (South West).

Photo: President Muhammadu Buhari.

Send your news, press releases/articles to augustinenwadinamuo@yahoo.com. Also, follow us on Twitter @ptreporters and on Facebook on facebook.com/primetimereporters or call the editor on 07030661526, 08053908817.

Mr. Mele Kyari NNPC Limited President Muhammadu Buhari Senator Ifeanyi Ararume Umar .I. Ajiya
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Saint Augustine is a seasoned freelance journalist and the chief editor of Primetime Reporters.

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