The Nigerian National Petroleum Company (NNPC) Limited has continued with its restructuring with a change in the name of the National Petroleum Investment Management Services (NAPIMS), an arm of the company to the ‘NNPC Upstream Investment Services (NUIS).’
Andrew Grant, a general manager with the Nigerian Petroleum Exchange (NIPEX), a division of NAPIMS, who represented the Group General Manager, NAPIMS. Bala Wunti, at the Nigerian Association of Petroleum Explorationists’ (NAPE) 40th Pre-conference workshop held in Lagos, on Wednesday disclosed the name change to industry stakeholders at the workshop.
The theme of the pre-conference workshop was, “Energy Security and Transition Strategies: Opportunities and Challenges in Nigeria.”
With the conversion of the organization to a limited liability company, a number of restructurings that would help bolster the fortunes of the organization have been taking place. These are in line with the Companies and Allied Matters Act (CAMA), and also the provisions of the Petroleum Industry Act (PIA) 2021.
Some of the recent changes that have taken place include the Group Managing Director, Mele Kyari becoming the Group Chief Executive Director (GCEO) of the company. This was followed by the appointment of five executive vice presidents in its efforts to consolidate its post-commercialization drive. The Group Executive Director, Upstream, Adokiye Tombomieye is now the Executive Vice President (Upstream) while the Group Executive Director, Downstream, Adeyemi Adetunji took the role of Executive Vice President (Downstream). Oritsemeyiwa Eyesan took the role of Executive Vice President, Corporate Strategy and Sustainability.
In addition, the Executive Director, Gas and Power, Abdulkabir Ahmed became the Executive Vice President, Gas, Power and New Energies, while Inuwa Danladi was named the Executive Vice President, Business Services. Chidi Momah became the General Counsel for the National Oil Company (NOC).
