NNPCL Details Mandatory Retirement And Shake-Up Of Top Management Cadre

Nigerian National Petroleum Company Limited, NNPC, has compulsorily retired all management staff with less than 15 months to statutory retirement.

The national oil firm disclosed this in an early Tuesday announcement.

NNPC declared that the retirement of the affected workers was with immediate effect, stressing that the move would support its business objectives.

The Company, while disclosing this via its official X (formerly Twitter) handle, said, “In our bid to pursue effective organisational renewal to support the delivery of our strategic business objectives, it has become imperative to rejuvenate our workforce.

“Consequently, in addition to the recent exit of three Executive Vice Presidents, other management staff with less than 15 months to statutory retirement will be exiting the company effective September 19, 2023.

“This is in line with our commitment to scale up NNPC Ltd.’s capabilities through targeted talent management and equal opportunity for all Nigerians.”

According to reports, the firm also carried out employee reorganisations in its top management cadre, moving some senior officials to other arms of its ventures such as the Nigeria Liquefied Natural Gas Limited, and Nigeria Petroleum Development Company, among others.

As part of the ongoing shake-up in the multi-billion dollar national company, three new Executive Vice presidents were earlier appointed on Sunday.

They include Oritsemeyiwa Eyesan as the new Executive Vice President, of Upstream; Olalekan Ogunleye, Executive Vice President, of Gas, Power, and New Energy; and Adedapo Segun as Executive Vice President, of Downstream.

The announcement, which was posted on the company’s X (formerly Twitter) handle early Sunday, stated that the appointment of the new EVPs was with immediate effect.

The firm before outlining the earlier stated names/designations, said, “In line with NNPC Ltd.’s commitment and drive for organisational renewal, anchored on our business imperatives, standards of excellence, people development, and strengthening our competencies and capabilities through broad-based leadership exposures, the company wishes to announce the following executive appointments with immediate effect.”

Today’s announcement led to the compulsory retirement of the company’s three former Executive Vice Presidents, including Abdulkabir Ahmed, Gas, Power and New Energies; Adokiye Tombomieye, Upstream; and Adeyemi Adetunji, Downstream.