President Bola Tinubu has dissolved the board of the Nigerian National Petroleum Company (NNPC) Limited, removing Group CEO Mele Kyari and Chairman Pius Akinyelure alongside all other directors appointed in November 2023.

A new 11-member board was announced early Wednesday, with Bashir Bayo Ojulari taking over as Group CEO and Ahmadu Musa Kida as the new non-executive chairman. The changes, effective immediately, come as part of Tinubu’s push to “enhance efficiency, attract investment, and drive gas commercialisation”.

New Board Composition

The reshuffle introduces fresh faces, including:

- Adedapo Segun (Chief Financial Officer, retained from previous board)

- Bello Rabiu (North West),

• Yusuf Usman (North East),
• Babs Omotowa (North Central)

- Austin Avuru (South-South) -David Ige (South West)

-Henry Obih (South East)

- Mrs. Lydia Shehu Jafiya (Federal Ministry of Finance)

- Aminu Said Ahmed (Ministry of Petroleum Resources)

Immediate Mandate: Strategic Review & Value Maximisation

Invoking his powers under the Petroleum Industry Act (2021), Tinubu directed the new board to conduct an urgent review of NNPC’s assets and joint ventures to ensure optimal performance and profitability.

Presidential spokesman Bayo Onanuga, who announced the changes via X, stated that the overhaul aims to restore investor confidence, boost local content, and accelerate Nigeria’s energy transition."