NNPCL unveils new senior management team

• Published On: 04 April 2025 at 20:27

The Nigerian National Petroleum Company Limited has appointed a new eight-man Senior Management Team to boost corporate governance and improve operational efficiency.

This follows the recent appointment of Bayo Ojulari as NNPCL's Group Chief Executive Officer.

This was stated in a statement signed by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd, in Abuja on Friday.

According to the release, Bashir Bayo Ojulari, the GCEO, would lead the newly selected Management Team.

Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC Ltd.) announced the formation of a new 8-person Senior Management Team on Friday.

"The team, which will be led by the GCEO, Mr Bashir Bayo Ojulari, includes Roland Ewubare as Group Chief Operating Officer, Adedapo Segun as Group Chief Financial Officer, and Olalekan Ogunleye as Executive Vice President Gas, Power, and New Energy."

"Other members of the team are: Udy Ntia as Executive Vice President Upstream; Mumuni Dagazau as Executive Vice President Downstream; Sophia Mbakwe as Executive Vice President Business Services; and Adesua Dozie, as Company Secretary & Chief Legal Officer."

This leadership restructure is part of NNPC's overall plan to improve operational efficiency and foster growth in Nigeria's oil sector.

All appointments are effective immediately, according to the announcement.

It was previously reported that President Bola Tinubu had fired the board of the Nigerian National Petroleum Company, including its Group CEO Mele Kyari and board chairman Pius Akinyelure.

Bayo Onanuga, the presidential spokeswoman, revealed the resignation in a statement put on X early Wednesday.

"President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023," Mr. Onanuga wrote.

President Tinubu charged the new NNPC board with an immediate action plan: conduct a strategic portfolio assessment of NNPC-operated and joint venture assets to ensure alignment with value maximisation goals.