Buhari suspends inauguration of new NNPC board

President Muhammadu Buhari has directed the postponement of the inauguration of the newly constituted Board of the Nigerian National Petroleum Company Limited (NNPC). The exercise scheduled for Wednesday has been postponed until further notice. No reason was given for the cancellation of the inauguration of the board. In a statement, the Secretary to the Government […]

President Muhammadu Buhari has directed the postponement of the inauguration of the newly constituted Board of the Nigerian National Petroleum Company Limited (NNPC).

The exercise scheduled for Wednesday has been postponed until further notice.

No reason was given for the cancellation of the inauguration of the board.

In a statement, the Secretary to the Government of the Federation (SGF), Boss Mustapha, stated that a new date will be announced in due course.

“President Muhammadu Buhari has directed the immediate suspension of the inauguration of the newly constituted Board of the Nigerian National Petroleum Company Limited (NNPC) scheduled for Wednesday 24th November, 2021 until further notice.”

“A new date for the inauguration of the Board will be announced in due course.

“We deeply regret inconveniences caused to members by this suspension, please,” the statement read.

Daily Trust reports that on September 19 this year, Buhari had approved the appointment of the Board and Management of the NNPC Limited with Senator Ifeanyi Ararume as Chairman; the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, was named the Chief Executive Officer, with Umar I. Ajiya as the Chief Financial Officer.

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).