Abuja, Nigeria — November 14, 2024
The Nigerian National Petroleum Company Limited (NNPC) has announced significant leadership changes as part of its strategy to enhance operational efficiency and strengthen its presence in the oil and gas industry. These new appointments were disclosed in a statement released on Wednesday night by the Chief Corporate Communications Officer, Olufemi Soneye.
According to the statement, Mr. Adedapo A. Segun, formerly the Executive Vice President of the Downstream Division, has been appointed as the new Chief Financial Officer (CFO). His promotion is seen as a recognition of his substantial contributions to the company’s downstream operations.
Additionally, NNPC confirmed that Mr. Isiyaku Abdullahi has been promoted to Executive Vice President (EVP) of the Downstream Division, while Mr. Udobong Ntia has been appointed as the Executive Vice President (EVP) for the Upstream Division.
“These appointments align with NNPC Limited’s commitment to building a competent and unified leadership team to drive operational excellence and support the organization’s strategic goals,” said Soneye.
The NNPC Board and Management also expressed their gratitude to outgoing executives Mr. Umar Ajiya and Mrs. Oritsemeyiwa A. Eyesan for their years of dedicated service to the company.
Soneye added, “NNPC Limited remains committed to achieving operational excellence, enhancing global competitiveness, and ensuring financial sustainability, while keeping the interests of the Nigerian public at the forefront of its priorities.”
These changes come as part of NNPC’s ongoing efforts to reposition itself as a leading player in the global energy sector, especially in the face of evolving market dynamics and increased competition.
This leadership reshuffle is expected to strengthen NNPC’s capacity to address industry challenges and continue its transformation towards becoming a more efficient and profitable nati
onal oil company.
