The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has terminated the appointment of over 200 officials in the national oil company.
It was gathered that the affected officials across various departments of the NNPC Limited were dismissed or forced into retirement.
Among those affected are the former Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Bala Wunti; the agency’s Chief Compliance Officer, Lawal Sade; and the Managing Director of the Port Harcourt Refinery, Ibrahim Onoja.
Maryamu Idris has been appointed as the new Managing Director of Trading, replacing Lawal, while Obioma Abangwu has been named Chief Liaison Officer to the NNPC Management Board.
Sources within the company disclosed that the move – Ojulari’s first major action since assuming office on April 4, 2025 – was received with cautious optimism.
Oil price drops to $63.62/barrel, sets for biggest monthly fall in 3 years
Ojulari, a former top executive at Shell, was appointed by President Bola Tinubu to replace Mele Kyari, who led the NNPC Limited for five years before his removal.
Many NNPC Limited officials were said to have expressed support for the shake-up, describing it as an opportunity to promote diversity and inject new energy into the oil company.
“This restructuring will significantly open up leadership roles for women and other underrepresented groups within NNPC,” a senior official, who spoke on condition of anonymity, told Peoples Gazette.
“It’s a bold move aimed at realigning the company’s priorities with modern corporate governance,” the official added.
The NNPC Limited spokesman, Olufemi Soneye, hasn’t commented on the development as of press time.
- 53-year-old man dies during visit to female friend - January 30, 2026
- UCL play-off draw: Real Madrid to face Benfica as Juventus meet Galatasaray - January 30, 2026
- Senate passes N58.4trn 2026 budget March 17 - January 30, 2026
