

Mele Kolo Kyari, has, therefore, been directed to take necessary steps
President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company 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).
Femi Adesina
Special Adviser to the President
(Media and Publicity)
September 19, 2021
more recommended stories
FG Removes Excise Duty For Telecoms Services
The Federal Government has announced the.
Monitoring Nigeria’s Cyberspace Before, During, And After The 2023 Gubernatorial And State Assembly Elections
Press Statement The Honourable Minister.
Zulum At Izge: Aids 4,000 Residents; Approves 6 Patrol Vehicles, Road
… To resettle Yamtake, Bita, Modube.
-
NIMASA DG INSTALLED AS THE “BAATONA” OF AKURE KINGDOM
…It is an Appreciation of His.
Saturday poll: Nasarawa South Resolves To Deliver Engineer Sule, APC Candidates
…As Senator Al-makura Reaffirms Support For.
Just in: Engineer Sule Appeals To Nasarawa Citizens To Accept Old 500, 1000 Naira Notes
…Says it’s Still Legal Tender Till.
Water, Health Ministries Sign MOU …Outline Responsibilities Towards Ending Open Defecation
…As FG Reiterates More Collaborative Efforts.
Our Government Will Serve The People Of Nigeria
_Being Text of the Speech.
Engineer Sule Condemns Calls For Resignation Of APC National Chairman
…Describes Moves As Unnecessary, Unfair Nasarawa.
NEXIM Bank, stakeholders harp on gender equity, women’s empowerment
Mr Abubakar Bello, the Managing.
Leave a Comment