The Nigerian National Petroleum Company Limited has announced a shake-up in its key management positions to enhance operational efficiency and improve its competitive position in the global oil and gas market.
In a statement by the company’s spokesperson, Femi Soneye, the board of directors approved the replacement of Mr. Umar Ajiya and Mrs. Oritsemeyiwa Eyesan from their roles as Chief Financial Officer and Executive Vice President, Upstream, respectively.
The company did not provide specific reasons for their disengagement.
The national oil company has appointed Mr. Adedapo Segun as the new CFO.
In the latest reshuffle, Mr. Adedapo Segun, formerly the company’s Executive Vice President, Downstream, has been appointed the new CFO succeeding Mr. Umar Ajiya.
Additionally, Mr. Isiyaku Abdullahi has been appointed the new Executive Vice President, Downstream, taking over from Segun.
Mr. Udobong Ntia has also been appointed as the Executive Vice President, Upstream, replacing Mrs. Oritsemeyiwa Eyesan in that role.
The move is in line with the Petroleum Industry Act (PIA) and the company’s commitment to improving corporate governance and operational efficiency.
These changes are part of NNPCL’s broader strategy to strengthen its leadership and enhance its competitiveness in the global oil and gas sector.
The statement read, “The Board of Directors of NNPC Limited is pleased to announce a series of strategic leadership appointments. These changes reflect our continued dedication to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector.
“The following key appointments have been made: Mr Adedapo Segun has been appointed as the Chief Financial Officer. Mr Segun previously served as the Executive Vice President, Downstream, where he made significant contributions to the company’s downstream operations.
“Isiyaku Abdullahi has been named Executive Vice President, Downstream. Mr Udobong Ntia has been appointed Executive Vice President, Upstream.”
Soneye added that these appointments align with NNPC Limited’s commitment to building a unified and competent leadership team to drive operational excellence and support the organisation’s strategic objectives.
“The board and management also extend their deepest appreciation to Mr Umar Ajiya and Mrs Oritsemeyiwa Eyesan for their outstanding dedication and service to NNPC Limited.
“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 statement concluded.
