The Board of Directors of Nigerian National Petroleum Company Limited (NNPC Ltd.) has sacked Umar Ajiya  and replaced him with Adedapo Segun as the oil outfit’s new Chief Financial Officer (CFO).

Naija News reports that this was made known in a statement on Wednesday by Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd.

He disclosed that the board also appointed Isiyaku Abdullahi as the Executive Vice President (EVP), Downstream, and Udobong Ntia as the Executive Vice President (EVP), Upstream.

Soneye said the strategic leadership appointments reflected continued dedication to improved corporate governance operational efficiency, adding that the key appointments would ensure long-term success in Nigeria’s energy sector.

The statement read: “The Board of Directors of NNPC Limited is pleased to announce a series of strategic leadership appointments. These changes reflect our continued dedication to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector.

“The following key appointments have been made: Mr. Adedapo A. Segun has been appointed as the Chief Financial Officer (CFO). Mr. Segun previously served as the Executive Vice President, Downstream, where he made significant contributions to the company’s downstream operations.

“Mr. Isiyaku Abdullahi has been named Executive Vice President (EVP), Downstream. Mr. Udobong Ntia has been appointed Executive Vice President (EVP), Upstream.

“These appointments align with NNPC Limited’s commitment to building a unified and competent leadership team to drive operational excellence and support the organization’s strategic objectives.

“The Board and Management also extend their deepest appreciation to Mr. Umar Ajiya and Mrs. Oritsemeyiwa A. Eyesan for their outstanding dedication and service to NNPC Limited”.

NNPC said it remained “committed to achieving operational excellence, enhancing global competitiveness, and ensuring financial sustainability, while prioritizing the interests of the Nigerian public in the petroleum industry.”

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