The Nigerian National Petroleum Company Limited (NNPCL) has announced key leadership changes aimed at strengthening its operations and enhancing its global competitiveness. In a statement issued on Wednesday, NNPCL disclosed that Mr. Adedapo Segun has been appointed as the new Chief Financial Officer (CFO), replacing Mr. Umar Ajiya.
Mr. Segun, previously the Executive Vice President (EVP) of Downstream, brings extensive experience from his tenure at NNPCL, where he contributed significantly to the company’s financial and operational success. He is succeeded by Mr. Isiyaku Abdullahi as EVP of Downstream. Additionally, Mr. Udobong Ntia, formerly of ExxonMobil, has been appointed as EVP of Upstream, replacing Mrs. Oritsemeyiwa Eyesan.
These appointments are part of NNPCL’s broader strategy to align with the Petroleum Industry Act and enhance corporate governance, ensuring long-term growth and operational excellence. The company has expressed its commitment to sustaining Nigeria’s energy sector while building a competent leadership team to drive its strategic goals.
The reshuffle comes amid some public criticism of NNPCL’s leadership, with protests demanding the resignation of the Group Chief Executive Officer (GCEO), Mele Kyari, due to rising fuel prices and economic hardships. However, NNPCL’s spokesperson defended the GCEO’s leadership, highlighting his role in maintaining affordable fuel prices despite rising costs.
These new appointments reflect NNPCL’s focus on improving its financial performance and operational efficiency, key to Nigeria’s energy sector growth.
