Shake-up in NNPC, subsidiaries, as 50 top managers lose positions

There has been a massive reorganisation of top management staff of Nigerian National Petroleum Corporation, as about 50 senior personnel of the oil firm and its subsidiaries have either been removed or replaced.

It was learnt that Managing Director of Nigerian Petroleum Development Company, Mr Yusuf Matashi, was removed and replaced by Mr Usman Yusuf, Senior Technical Assistant to Group Managing Director, in the latest reorganisation.

Impeccable sources at the corporation told our correspondent that other subsidiaries and arms of the corporation affected include Nigerian Gas Marketing Company, which is the marketing arm of Nigerian Gas Company; Kaduna Refining and Petrochemical Company; and Liquified Natural Gas arm of the group.

“Some persons were promoted and others were removed. The reorganisation affected 50 senior management staff members in all. Managing Director of NPDC, Yusuf Matashi, was removed and he was replaced by Yusuf Usman, Senior Technical Assistant to the GMD,” one of the sources stated.

The source added, “There are many others, about 49 of them, but the removal of NPDC boss is the prominent one in this latest reorganisation exercise.”

Another source stated that the development had led to side talks among workers at the corporation, as some employees of the firm had expressed displeasure with the latest move.

“Aside from NPDC, Nigeria Gas Marketing Company in Warri was affected. A lot of persons at Liquified Natural Gas arm of the corporation in the corporate headquarters were also affected in the reorganisation. Kaduna Refining and Petrochemical Company was also affected,” the source stated.

The source noted that some persons had argued that the reorganisation was one-sided and did not show fairness to the six geopolitical zones of Nigeria, as a greater number of appointees were from one region.

When contacted on the matter, Group General Manager, Group Public Affairs Division, NNPC, declined to make any comment.

In 2017, the corporation witnessed a major shake-up which affected 55 top executives of the oil firm.

 

Punch

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