Monday, 4 August 2014

Nigeria: President Jonathan sacks NNPC's GMD

President Jonathan sacks NNPC's GMD
On 1 August it was announced that President Goodluck Jonathan had dismissed both Nigerian National Petroleum Corporation’s (NNPC) Group Managing Director (GMD), Andrew Yakubu, and Hamidu Namtari, Managing Director of the NNPC’s upstream subsidiary, Nigerian Petroleum Development Company (NPDC).

The President’s special media and publicity adviser, Dr. Reuben Abati, released a statement naming Borno State’s Dr. Joseph Dawha as NNPC’s new GMD and Anambra State’s Anthony Ugonna Muoneke as NPDC’s new GMD. The statement continued that “All the appointments are with immediate effect,” but refused to comment on the reasons behind the dismissals. 

Reports in Nigeria, however, suggest that the dismissals are linked to the allegations by the Central Bank of Nigeria’s former governor, Lamido Sanusi, over the NNPC’s misuse of public funds and an upcoming PWC audit of NNPC finances and revenue losses. 

The statement continued that President Jonathan had approved a further shake-up of NNPC management with Ms. Aisha Mata Abdurrahman reassigned to the corporation’s Commercial and Investment GMD and Dr. Attahiru Yusuf’s appointment as its Business Development Group Executive Director.

This week’s issue of Nigeria Politics & Security and the August issue of Nigeria Focus will provide expert analysis about the changes and the reasons behind them.

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