NNPC’s Bayo Ojulari Sacks 200 Officials in Major Restructuring Exercise

• The Nigerian National Petroleum Corporation (NNPC) has undergone a major restructuring exercise, resulting in the exit of over 200 officials, including former head of NAPIMS, Bala Wunti, and managing director of the Port Harcourt Refinery, Ibrahim Onoja.

• The NNPC’s new chief executive, Bayo Ojulari, has appointed Maryamu Idris as the new managing director of trading, overseeing crude oil transactions, and Obioma Abangwu as chief liaison officer for the NNPC’s management board.

The Nigerian National Petroleum Corporation (NNPC) has undergone a significant restructuring exercise, resulting in the exit of over 200 officials.

The move is part of the new chief executive, Bayo Ojulari’s efforts to revamp the organization since assuming office earlier this month.

Multiple sources revealed that former head of NAPIMS, Bala Wunti, and managing director of the Port Harcourt Refinery, Ibrahim Onoja, were among those who were either forced to retire or terminated with immediate effect. Lawal Sade, the agency’s chief compliance officer, was also reportedly let go.

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The restructuring exercise appears to have been well-received by some NNPC C-suite and rank-and-file members, who suggest that the move aims to create broader opportunities for women and minority groups in the organization. “This restructuring will enhance female representation in leadership positions,” a top official said under anonymity.

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As part of the restructuring, Maryamu Idris has been appointed as the new managing director of trading, overseeing crude oil transactions, while Obioma Abangwu has been appointed chief liaison officer for the NNPC’s management board. “Over 200 employees have just been asked to go,” the official added.

The NNPC’s corporate communications spokesman did not immediately respond to a request for comment on the development. Ojulari, a former Shell executive, assumed office on April 4, following his appointment by President Bola Tinubu.

He replaced Mele Kyari, a career official who ran the oil giant for five years before his removal.