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NNPC Announces Leadership Reshuffle, Appoints New CFO, EVP For Upstream

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4 hours ago

Nov 14, 2024.

The Nigerian National Petroleum Company (NNPC) Limited announced key leadership changes on Wednesday, appointing Mr. Adedapo Segun as the new Chief Financial Officer (CFO) and Mr. Udobong Ntia as Executive Vice President (EVP) for Upstream.

In a statement issued by NNPC’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, the national oil company also appointed Mr. Isiyaku Abdullahi as Executive Vice President, Downstream.

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EKO HOT BLOG reports that the reshuffle saw Adedapo Segun, formerly EVP for Downstream, succeed Mr. Umar Ajiya as CFO, while Mr. Ntia replaced Mrs. Oritsemeyiwa Eyesan in the Upstream division. No official explanation was provided for the exits of Ajiya and Eyesan.

The statement underscored the importance of these strategic changes in advancing NNPC’s governance and operational efficiency.

“The Board of Directors of NNPC Limited is pleased to announce a series of strategic leadership appointments.

These changes reflect our commitment to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector,” it read.

NNPC CFO EVP

Mr. Soneye also highlighted that the new appointments align with NNPC’s vision of building a cohesive and capable leadership team to drive operational excellence and achieve the organization’s goals.

The Board and Management expressed their gratitude to Mr. Umar Ajiya and Mrs. Oritsemeyiwa Eyesan for their invaluable service to the company, stating, “NNPC remains committed to achieving operational excellence, enhancing global competitiveness, and ensuring financial sustainability while prioritizing the interests of the Nigerian public in the petroleum industry.”