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    Home → Business → NNPC Hits 1.8mbpd crude oil production … Sacks CFO Umar Ajiya
    NNPC Hits 1.8mbpd crude oil production … Sacks CFO Umar Ajiya

    NNPC Hits 1.8mbpd crude oil production … Sacks CFO Umar Ajiya

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    By Naija Daily News on November 14, 2024 Business
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    By Deborah Nnamdi

    The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) says it has achieved 1.8 million barrels per day of crude production following continuous dislodgement of pipeline vandals and crude oil thieves.

    The Chief Production War Room Officer, NNPC Ltd., Lawal Musa, said this on Thursday in Abuja during a briefing on NNPC Ltd. production.

    Mr Musa, who is also the Senior Business Advisor to Mele Kyari, Group Chief Executive Officer (GCEO), NNPC Ltd., said that the achievement was based on the collaboration between the leadership of NNPC, stakeholders, and security agencies.

    “We achieved this because of the clear mandate by President Bola Tinubu to ramp up crude oil production in the country,” Mr Musa said.

    …Sacks Umar Ajiya as CFO, Appoints Adedapo Segun

    The Nigerian National Petroleum Corporation (NNPC) has announced the removal of Umar Ajiya as the Chief Financial Officer (CFO) and the appointment of Mr Adedapo A. Segun as his replacement.

    This was disclosed in a statement released on Wednesday by the company’s spokesperson, Olufemi Soneye, via NNPC’s official X (formerly Twitter) handle.

    In addition to this change, the company also appointed Isiyaku Abdullahi as the Executive Vice President (EVP) of Downstream Operations.

    Furthermore, Udobong Ntia has been named the Executive Vice President (EVP) of Upstream Operations, completing a significant reshuffle within NNPC’s leadership team.

    According to Soneye: “These appointments align with NNPC Limited’s commitment to building a unified and competent leadership team to drive operational excellence and support the organization’s strategic objectives.

    “The Board and Management also extend their deepest appreciation to Mr. Umar Ajiya and Mrs. Oritsemeyiwa A. Eyesan for their outstanding dedication and service to NNPC Limited.

    See also  The Impact of Forex Policies on Nigerian Businesses: Navigating a Volatile Market.

    “NNPC Limited remains committed to achieving operational excellence, enhancing global competitiveness, and ensuring financial sustainability while prioritizing the interests of the Nigerian public in the petroleum industry.”

    The leadership shake-up at NNPC is part of its ongoing efforts to restructure and strengthen operations across critical sectors.

    According to Soneye, these appointments align with the company’s vision of becoming a globally competitive energy company.
    NNPC has been undergoing significant changes following the enactment of the Petroleum Industry Act (PIA), which transformed it into a limited liability company.

    This shift aims to enhance corporate governance and strategic operations to better position the company in the global energy market.

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