NNPC Redeploys Staff, Promotes 108 In Major Shake-Up | Records N17.18bn Loss In Sept.

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NNPC recorded N197 billion loss in 2016

The Nigerian National Petroleum Corporation (NNPC) has announced the appointment and redeployment of top Management staff across its board in a major shake-up on its personnel.

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The Corporation announced that it has redeployed about 109 of its staff to various positions in an exercise designed to reflect operational realities and ensure sustained performance and profitability.

In the redeployment memo issued on Monday, while 108 staff were promoted from Manager and General Manager positions to General Manager and Group General Managers respectively, one was demoted from Executive Director to Group General Managers (GGM).

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Although no official statement was issued as regards to this, a document sighted, revealed that its former spokesman, Mallam Garba Deen Muhammad was redeployed and replaced with NNPC’s one-time spokesperson, Ndu Ughamadu.

According to the document, the changes were effected on Friday, November 11, 2016.

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All of the Group Executive Directors (GEDs) who were appointed by former GMD and now Minister of State for Petroleum Resources, Dr. Ibe Kachikwu were not affected.

“As you might have heard, His Excellency Mr. President has approved the High Level Organogram of the Corporation and appointment of staff into various positions. Most importantly, the changes were done in the spirit of entrenching professionalism and accountability which is a cardinal principle of our 12 Business Focus Areas which are hinged on the slogan moving NNPC Forward…Together,” the Group Managing Director of the Corporation, Maikanti Baru, said In a podcast to members of staff.

Indications from sources in the corporation showed that no one was sacked and that they were just normal staff reorganisation to improve efficiency.

In the meantime, the NNPC on Monday posted a trading deficit of N17.18 billion for the month of September 2016, translating to 46 per cent increase in deficit value when compared with N11.22 billion deficit reported in August 2016.

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This is contained in the NNPC’s monthly financial and operations report for September 2016 and released yesterday.

Part of the report reads: “a trading deficit of 17.18 billion was recorded for the month under review as against the reported August, 2016 trading deficit of 11.22 billion.”

The report explained that, “the higher deficit in the month of September 2016 was due to decrease in revenue generation which is attributed to net decline in PPMC petroleum products sales by 20.69 per cent or 27.36 billion.”



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