Shake-up in NNPC: Nnamdi-Ogbue, two others retired

 News By: adekunle    Friday, April 14, 2017


By Michael Eboh

ABUJA-The Nigerian National Petroleum Corporation, NNPC, yesterday, announced the retirement of the chief executive and two other senior executive officers of its retail segment, NNPC Retail Limited.

The NNPC, in a statement by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, said the retired executives were Mrs. Esther Nnamdi-Ogbue, Managing Director, NNPC Retail Limited; Mr. Alpha Mamza, Executive Director, Operations, NNPC Retail Limited; and Mr. Oluwa Kayode Erinoso, Manager, Distribution, NNPC Retail Limited.

The NNPC also announced the redeployment of four officers to fill the vacant positions which arose as a result of the retirements.

Ughamadu said those deployed to fill the vacant positions in the NNPC Retail were Mr. Adeyemi Adetunji, who becomes Managing Director; Mr. Lawal Bello, Executive Director, Operations; Mrs. Affiong Akpasubi, Executive Director, Services; and Mr. Agwandas Andrawus, Manager, Distribution.

The NNPC disclosed that the appointments took immediate effect, adding that until his new assignment as the Managing Director of NNPC Retail, Adetunji was General Manager, Strategy & Planning, Gas & Power and also former General Manager, Transformation Office.

Commenting on the new appointments, Group Managing Director of the NNPC, Mr Maikanti Baru, charged the deployed staff to remain committed to their duties in line with the transformation aspirations of the management.

Though the NNPC did not state the reason for retirement of Nnamdi-Ogbue, sources, however, stated that it might be connected to the alleged illegal sale of about 130 million litres of Premium Motor Spirit, PMS, valued at N17.439 billion, belonging to the NNPC by two firms, MRS Oil and Capital Oil and Gas.

Chief Operating Officer, NNPC Downstream, Mr. Henry Ikem-Obih, while announcing the development last month, disclosed that the NNPC had set up two committees to evaluate the roles played by some of its staff in the illegal product evacuation and had undertaken a review of its entire throughput policy in order to align it with global best practices.

He added that as part of efforts to forestall a repeat of similar occurrence in the future, a disciplinary committee was already investigating the level of involvement of its staff, with a view to applying appropriate sanctions as a deterrence measure.

Providing details on the alleged infraction, Ikem-Obih, disclosed that the violation was discovered earlier in the year when the corporation needed to access the over 100 million litres of petrol stored at the Capital Oil & Gas depot for NNPC Retail and just over 30 million litres in MRS Limited depot all in Apapa area of Lagos.

He said: "We instructed the Nigerian Products Marketing Company, NPMC, a subsidiary of NNPC, to send additional trucks to those locations to move products for distribution aimed at meeting a supply shortfall we discovered in the market, but after days of not being able to access the terminals, we had to take a decision as NNPC management invited auditors and inspectors to do a physical check on the inventories.

"The visit revealed that there was no molecule of product for the NNPC to evacuate."

Ikem-Obih disclosed that the infraction by the two downstream companies was a clear violation of existing throughput contract which prohibits the owners of the facilities from tempering with the volumes in their custody without express permission of the Corporation

"Armed with this information we promptly called them in to explain to us what happened to our product in their custody. After the meeting with them, we issued them with letters and told them in clear terms to do either of two things: return to us the full volume of what has been stored in their depots litre- for- litre or pay the full value of the products they took without our approval."