NNPC Restructuring: Haruna Momoh, PPMC (MD) Fired


The restructuring of the state owned oil giant, Nigerian National Petroleum Corporation (NNPC) continued on Thursday with the sacking of Prince Haruna Momoh, the erudite, but controversial Managing Director of the Petroleum Product Marketing Company (PPMC).

Huhuonline.com understands that sack exercise is mainly to create new loyalties.A presidency source who did not want to be named, said,” We(APC) have power, but PDP still has control.” We will need to dislodge PDP control by bringing our own people.

Yesterday, the new group-managing director, Dr. Emmanuel Ibe Kachikwu summarily retired eight Group Executive Directors and promoted four Group General Managers in the corporation.

In terse press statement made available to huhuonline.com, Wednesday, the NNPC said,

“The Federal Government has approved the retirement of all eight Group Executive Directors of the Nigerian National Petroleum Corporation (NNPC) with immediate effect.”

“The affected Group Executive Directors are: Mr. Bernard Otti, GED Finance and Accounts; Dr. Timothy Okon, Acting GED Exploration and Production who also doubles as Coordinator Corporate Planning & Strategy; Engr. Adebayo Ibirogba, Engineering and Technology; Dr. David Ige, Gas and Power; Ms. Aisha Abdurrahman, Commercial and Investment; Dr. Dan Efebo, Corporate Services; Engr. Ian Udoh, Refining & Petrochemicals; and Dr. Attahiru Yusuf, Business Development. “   

“The new Group Managing Director of NNPC, Dr. Ibe Kachikwu, who personally conveyed the Federal Government’s decision to the retiring Group Executive Directors expressed gratitude to them for their services to the Corporation and wished them success in their future endeavors.”

Huhuonline.com checks shows that the restructuring exercise is on going.Now the question on everyone`s mind at the  state owned oil giant is, who is next?