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Buhari Dissolves NNPC Board Of Directors

Buhari Dissolves NNPC Board Of Directors

Reports just reaching us indicate that President Muhammadu Buhari has sacked Nigerian National Petroleum Corporation (NNPC) board of directors.

The information appeared on twitter of NTA news:

This is also according to a letter signed by Danladi Kifasi, head of the civil service of the federation.

READ ALSO: I Will Probe NNPC Missing $20 Billion – Buhari To Jonathan, Diezani

In the letter, Buhari thanked members of the dissolved board for their services to Nigeria.

Femi Adesina, presidential aide, told SaharaReporters that “you can’t make changes without having new leadership” and that Buhari remains “committed to cleaning up the system, and wants accountability and transparency in the oil industry.”

Answering to public concern that the president is very slow to take action he added that “people must be patient for the President’s next move.”

The NNPC is the state-run oil company which oversees Nigeria’s oil and gas industry. It’s board is statutorily headed by the minister of petroleum resources.

Nigeria’s leader will probably appoint himself as the new minister of petroleum resources.

READ ALSO: Buhari Set To Appoint Himself As Minister Of Petroleum

As it was reported earlier the restructuring of Petroleum Corporation, may benefit many northerners, a development that is already producing tension within and outside the NNPC.

Some experts have also supposes that it can causes doom for the petroleum industry if the policies are implemented.

It should be also noted that the National Assembly set to investigate the activities of NNPC.

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