Massive shake-up at NNPC as over 200 top staff removed in bold move by new CEO

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On Wednesday, April 30, a major wave of leadership changes hit the Nigerian National Petroleum Company Limited (NNPC Ltd) as new Group Chief Executive Officer, Engineer Bayo Ojulari, began a sweeping reorganisation aimed at repositioning the company for national growth and better performance.

According to reports from Vanguard, over 200 senior officials were affected by the restructuring, including key figures like Bala Wunti, former head of the National Petroleum Investment Management Services (NAPIMS), Ibrahim Onoja, the managing director of Kaduna Refinery, and Lawal Sade, the chief compliance officer and former MD of NNPC Trading.

The reshuffle also brought in new leadership:

Maryam Idrisu was appointed managing director of NNPC Trading, the arm responsible for crude oil transactions.
Obioma Abangwu was named chief liaison officer for board matters.

These changes are part of a larger plan by Ojulari to overhaul operations from the corporate headquarters down to all subsidiaries, including those involved in upstream, downstream, gas, power, new energy, and non-energy sectors.

Subsidiaries expected to feel the impact of the reorganisation include:

NNPC E&P Limited (NEPL)
NNPC Upstream Investment Management Services (NUIMS)
NNPC Gas Infrastructure Company (NGIC)
NNPC Retail Limited (NRL)
NNPC Shipping Limited (NSL)
NNPC RefChem Limited (NRCL)
NNPC New Energy Limited (NNEL)
NNPC Academy
and many others.

The new CEO has emphasized a commitment to “placing round pegs in round holes,” signaling a performance-based culture shift meant to align with national goals in the oil and gas sector.