Major Shake-Up In NNPC, Top Executives Forced To Retire (Full List)

Major shake-up in NNPC has led to the compulsory retirement of top executives, NewsOne Nigeria has learned. 

NewsOne Nigeria understands that there is tension in the Nigerian National Petroleum Corporation (NNPC) over an alleged forceful retirement of about 40 top management officials, which was approved by the Group Managing Director, Mele Kyari.

A report on PUNCH newspaper says the affected senior NNPC officials are group general managers and general managers. It was gathered in Abuja, Nigeria’s capital on Thursday, that the affected GGMs and GMs were asked to leave the employ of the oil firm on Wednesday.

Sources at the corporation also stated that the reorganisation touched other very senior positions at the headquarters of the national oil firm, as well as in some of its subsidiaries.

“The one that is raising concern at the corporation is that most or all the top management staff from M-3 to M-4 who are due for retirement within a year were asked to leave yesterday (Wednesday),” an impeccable source told PUNCH.

According to the report, the group general managers were on M-3, while general managers were categorised on M-4. The GGMs, who operate from the corporate headquarters are equivalent to managing directors of subsidiaries of the corporation, while the GMs, who work at the subsidiaries, are equivalent to executive directors.

major shake-up in NNPC

The source familiar with the development said, “About 40 GGMs and GMs were asked to leave, as they were retired by the corporation yesterday (Wednesday). Most of those affected are also not happy because they felt they were not due for retirement.

“However, they were all asked to leave yesterday and that is raising dust and concern among staff at the corporation,” the source added.

On what was the reason they were asked to resign, the source stated that the management said it was done for the upcoming employees to have positions to fill.

The source added, “But ask yourself this question, how long will it take the upcoming staff to get to those positions?

“The system is currently heated up and employees from certain regions of the country are not happy about this.”

PUNCH quoted another source to have said that a top chief operating officer was redeployed to head another department that was viewed as lesser than his previous office.

The source said, “As at this week, the corporation witnessed a massive shakeup. The management had to readjust some prominent positions.

“One of such is the movement of a top chief operating officer from a position that he only assumed last year to another position of COO that is not comparable to his former office.”

This, according to sources, was not welcomed by some persons in the corporation, especially those from the region where the affected COO hailed from.

“Another issue is that in the corporation, we have two categories of subsidiaries, the ones considered as redundant and the ones considered as grade A subsidiaries, such as NAPIMS, NPDC, shipping, NNPC Trading, PPMC,” a source said.