Connect with us

Business News

Buhari Suspends Inauguration of NNPC Board

Published

on

By Modupe Gbadeyanka

President Muhammadu Buhari has ordered the immediate suspension of the inauguration of the newly constituted board of the Nigerian National Petroleum Company (NNPC) Limited.

The Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, confirmed the suspension of the inauguration in a statement on Tuesday in Abuja.

The NNPC board was supposed to be inaugurated on Wednesday, November 24, 2021, in Abuja, but the statement said this event has been halted till further notice.

However, no reason for the given for the latest development.

President Buhari recently chose Mr Ifeanyi Ararume as the Chairman of the board, while the Group Managing Director of the NNPC, Mr Mele Kyari, was appointed as the Chief Executive Officer and a member of the new board, with Mr Umar Ajiya selected as the Chief Financial Officer.

Also appointed to the board as members were Constance Marshal (South-South), Lami Ahmed (North Central), Pius Akinyelure (South West), Margaret Chuba Okadigbo (South East), Mohammed Lawal (North West), and Tajudeen Umar (North East).

“President Muhammadu Buhari has directed the immediate suspension of the inauguration of the newly constituted Board of the Nigerian National Petroleum Company Limited NNPC scheduled for Wednesday, November 24, 2021, until further notice.

“A new date for the inauguration of the Board will be announced in due course.

“We deeply regret inconveniences caused to members by this suspension, please,” the statement from Mr Mustapha disclosed.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News22 mins ago

Three kidnapped Ogun church members rescued, suspected rapist arrested

News43 mins ago

N’Assembly, NGF fault UK travel ban, demand reversal

News1 hour ago

Qatar Airways, Hamad airport unveil ‘fly and win’ campaign

World1 hour ago

Video: Robert Spencer’s post-debate review on Reason and Theology

News1 hour ago

Ikoyi building: Sanwo-Olu vows to deal with saboteurs in govt, awaits panel report

News2 hours ago

Four Ekiti men remanded for stealing laptop, phones

News2 hours ago

COVID-19 force majeure over vaccines

News3 hours ago

ICPC probes 52 teaching hospitals over N49.4bn intervention fund spending

News3 hours ago

Niger PDP removes ex-gov Aliyu as party leader, picks senator

News3 hours ago

Kwara gov signs law reserving 35% of appointments for women

News3 hours ago

Edo students strip policeman, set school ablaze, principal flees

News3 hours ago

S’West govs working on arms for Amotekun operatives – Makinde

News3 hours ago

Oil well: Senate threatens arrest, firm sues lawmakers, demands N10bn

News4 hours ago

Ebonyi elders’ council backs Umahi’s presidential bid, says gov detribalised

News4 hours ago

Senate demands maximum sanction for oil firm Bayelsa spill

News4 hours ago

Suit seeking Buhari’s removal, election loser’s inauguration fixed for Feb 8

News4 hours ago

APC headquarters has demanded stay of execution on congresses ruling – Kano

News4 hours ago

NIMC battles high maintenance costs, obsolete computers, poor connectivity

World4 hours ago

Video: Robert Spencer on OAN on our porous border

News4 hours ago

We’re awaiting branches’ report over unresolved demands, states ASUU

News17 hours ago

Red List: NANS threatens shutdown of British, Canadian missions, issues 72hrs ultimatum for reversal

News23 hours ago

NDLEA, UN agency launch five-year master plan to check drug abuse

Entertainment22 hours ago

“There is a nasty bug going around. Everyone I know is sick”- Toke Makinwa cries out

Local16 hours ago

‘I’m not for sale’, Buhari’s aide tells airport operators

Politics16 hours ago

Ex-PMAN President, Bolaji Rosiji, is dead

News16 hours ago

Omicron: Student, work visa applications will be processed despite travel restrictions — UK

Politics16 hours ago

Alleged money laundering: Court fixes March 7 for trial-within-trial for ex-minister Adoke, one other

Entertainment16 hours ago

“A well-to do young man has no business praying for a wife, there are things men don’t do” – Nigerian man sparks debate

News16 hours ago

Tonto Dikeh urges Halima Abubakar to name bullies in Nollywood

Entertainment16 hours ago

#JusticeForSylvester: “My son is innocent, he’s not a boarder” – Mother of accused student, Edward Brown speaks

Politics20 hours ago

Students risk losing $17trn in lifetime earnings to COVID-19, says report

News12 hours ago

Anambra airport receives first commercial flight, begins operations

Sports16 hours ago

Steven Gerrard Admits He Is Surprised By How Quickly His Players Have Taken On Board His Philosophy

Relationship11 hours ago

The Type Of Guy You Deserve, Based On Your Love Language

Business News21 hours ago

NGX Index Sheds 0.38% as HNIs, Institutional Investors Dominate Market

Politics16 hours ago

Atiku to deliver Achievers University convocation lecture, as 27 bag first class

Entertainment23 hours ago

Update: Eight children found dead inside parked car in Lagos laid to rest

Entertainment18 hours ago

“What about being a woman is funny?” – Reality star, Isilomo fumes as she reveals she despises Nigerian comedians who dress like women to appear funny

Viral15 hours ago

Man Caught On Camera Doing It With A Woman With Huge Boobs In A Swimming Pool (Video)

Politics15 hours ago

FG partners World Bank on mineral data capturing in Kwara, 18 other states

Trending