In a sweeping reorganization drive, the Nigerian National Petroleum Company Limited (NNPCL) has dismissed over 200 senior staff members, marking one of the most significant shake-ups in the company’s history.
The restructuring follows the appointment of Engineer Bayo Ojulari as the new Group Chief Executive Officer, with a clear mandate to reposition the national oil company for efficiency, transparency, and alignment with Nigeria’s strategic energy objectives.
Among those affected by the changes are key industry figures, including Bala Wunti, former Chief of the National Petroleum Investment Management Services (NAPIMS); Ibrahim Onoja, Managing Director of the Kaduna Refinery; and Lawal Sade, Chief Compliance Officer and former MD of NNPC Trading.
As part of the overhaul, Maryam Idrisu has been appointed as the new Managing Director of NNPC Trading, the arm responsible for all crude oil transactions. Similarly, Obioma Abangwu now serves as Chief Liaison Officer for Board Matters.
Vanguard earlier reported that Ojulari’s leadership would trigger a top-to-bottom overhaul — beginning at the corporate headquarters and extending to all subsidiaries. The move is aimed at placing “round pegs in round holes,” with a focus on driving performance, accountability, and national development.
Subsidiaries expected to undergo restructuring include NNPC E&P Limited (NEPL), NNPC Upstream Investment Management Services (NUIMS), NNPC Energy Services (EnServ), NNPC Engineering and Technical Company (NETCO), and NNPC New Energy Limited (NNEL). Others are NNPC Gas Infrastructure Company (NGIC), NNPC Gas Marketing Limited (NGML), NNPC Retail Limited (NRL), NNPC Shipping Limited (NSL), and NNPC RefChem Limited (NRCL).
Also on the list are NNPC Trading Limited (NTL), NNPC Downstream Investment Services (NDIS), Nigerian Pipelines and Storage Company (NPSC), National Energy Reserve Management Company (NERMC), NNPC Non-Energy Investment Services (NNIS), NNPC Academy, NNPC Properties Limited (NPL), NNPC Foundation, Health Maintenance Organization (HMO), and the Research Technology and Innovation division.
The ongoing changes underscore Ojulari’s commitment to overhauling NNPCL’s operations in line with global best practices, with the ultimate goal of boosting national energy security and economic growth.
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