Reports have emerged that the President of Nigeria, Muhammadu Buhari will appoint another person as the group managing director for the Nigerian National Petroleum Corporation, NNPC if Ibe Kachikwu’s ministerial nomination is approved by the senate.
According to TheCable, Kachikwu, who was appointed GMD only in August, was recently nominated for a ministerial role by Buhari.
It was learnt from reliable sources that Kachikwu, after assuming office as NNPC GMD, gave priority to the settlement of debts owed to his former employers, ExxonMobil, by NNPC, and was also said to have fallen out of line with his proposal to sell the refineries despite the stand of the president that they should be put in good condition first before any further discussions.
Management changes made by Kachikwu at the NNPC and its strategic business units are also said to be “lopsided”, with eight positions going to a particular part of the country, although the president approved before they were made public.
According to an official of the presidency, “You can say Buhari was misled into appointing Kachikwu as NNPC GMD,” further adding that a ministerial position was a better option for him “in view of the unfolding circumstances”.
“Buhari is hoping to make Kachikwu minister of state for petroleum resources while heading the ministry by himself,” the official said.
It was also believed that one of the current group executive directors (GEDs) will take over from Kachikwu, with Maikanti Baru from Bauchi state as the favourite.