The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed the managing directors of its three state-owned refineries, the Port Harcourt Refining Company Limited (PHRC), the Warri Refining and Petrochemical Company Limited (WRPC), and the Kaduna Refining and Petrochemical Company (KRPC).
Additionally, the company has instructed management staff with less than a year until retirement to begin their exit process.
Sources indicate that the dismissed managing directors include Ibrahim Onoja (PHRC), Efifia Chu (WRPC), and Mustafa Sugungun (KRPC).
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The NNPC has not yet officially announced replacements for these positions. However, it has been reported that Bala Wunti, the former Chief Upstream Investment Officer at the National Petroleum Investment Management Services (NAPIMS), and Lawal Sade, the chief compliance officer and former managing director of NNPC Trading, are among those affected by the broader organizational changes.
An NNPC official clarified that these removals are part of a larger restructuring effort and not a targeted removal of individuals associated with the previous Group Chief Executive Officer (GCEO).
This move follows President Bola Tinubu’s earlier dismissal of the NNPC Ltd board, including former GCEO Mele Kyari and board chairperson Pius Akinyelure.
Subsequently, Bayo Ojulari was appointed as the new GCEO, and Ahmadu Kida as the non-executive chairman.
The NNPC also announced a new 8-member senior management team.
The company stated that these appointments were effective immediately.
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