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NNPCL sacks Port Harcourt, Warri, Kaduna MDs, others

by Present Nigeria
April 30, 2025
in Business
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NETCO targets 5% increase in market shares, posts 137% increase in operating profit for 2023
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The new management and board of the Nigerian National Petroleum Company Limited, led by its Group Chief Executive Officer, Bayo Ojulari, and Musa Ahmadu-Kida, as executive non-chairman, have reportedly sacked the managing directors of the Port Harcourt, Warri, and Kaduna refineries operated by the state-owned firm.

Also, some senior officials of NNPCL have been shown the exit door, among them is Bala Wunti, a former chief of the National Petroleum Investment Management Services, a subsidiary of NNPCL.

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This comes as the new management also asked many officials with one year to their various retirement dates to leave.

Reliable sources at the NNPCL who preferred anonymity confirmed the managerial shake-up to DAILY POST on Tuesday night.

The source said, “These people are MDs of Port Harcourt Refining Company, Kaduna Refining and Petrochemical Company, and the Warri Refining and Petrochemical Company.

“So you know more on the issue, some other senior managers were asked to leave as well”, the source stated.

Also, another official of the company confirmed this, stating that “Bala Wunti was also told to leave. Several of them who have a year to retirement were asked to go. Maryam Idrisu was appointed Managing Director of NNPC Trading.”

However, the Spokesperson of NNPCL, Olufemi Soneye, is yet to respond to enquiry on the shake-up as of the time of filing this report.(Daily post)

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

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