President unbundled NNPC into 7 unit and named new heads

President Buhari has approved the immediate

unbundling of the Nigerian National Petroleum
Corporation, NNPC, into seven independent
operational units. Minister of State for
Petroleum Resources, Ibe Kachikwu, made this
known today March 8th. According to
Kachiukwu, the new units are Upstream,
Downstream, Gas & Power, Refineries, Ventures,
Corporate Planning & Services and Finance and
Accounts.
He said each of the units would be headed by
chief executive officers, namely Bello Rabiu for
Upstream; Henry Ikem-Onih (downstream);
Anibor Kragha (Refineries); Saudu Mohammed
(Gas & Power), Babatunde Adeniran (Ventures),
Isiaka Abdulrasaq Finance & Accounting and Isa
Inuwa Executive Head, Corporate Planning and
Services.
All appointments take immediate effect