Nigeria Dismisses Managing Directors Of Three State-Owned Refineries

Nigeria has dismissed the managing directors of three state-owned refineries and replaced them, local reports suggest. The dismissed managing directors are Ibrahim Onoja, Port Harcourt Refining Company Limited (PHRC); Efifia Chu, Warri Refining and Petrochemical Company Limited (WRPC); and Mustafa Sugungun, Managing Director of Kaduna Refining and Petrochemical Company (KRPC).

According to reports, their dismissal is part of a broader organizational shake-up to bring efficiency to the operations of the refineries. However, the move has been viewed by many Nigerians as a deliberate attempt to oust loyalists of the dismissed Group CEO and Managing Director of Nigerian National Petroleum Company Limited (NNPC Ltd.).

Last month, President Bola Tinubu sacked the board of NNPC Ltd, including its GCEO, Mele Kyari, and board chairperson Pius Akinyelure. The president also approved Bayo Ojulari as the new GCEO of NNPC and Ahmadu Kida as non-executive chairman. NNPC Ltd announced the appointment of a new 8-member senior management team, stating that the appointments take immediate effect, following the recent appointment of Mr. Ojulari and the Board of Directors.

Although the company’s spokesperson, Olufemi Soneye, did not respond to inquiries on the matter when contacted, multiple impeccable sources at the firm familiar with the development confirmed the shake-up by the new management team.

Source: https://energynewsafrica.com