NNPC retires executive directors over missing PMS scandal

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The Nigerian National Petroleum Corporation (NNPC), on Thursday, announced the retirement of the chief executive officer and two other senior executive officers of its retail segment, NNPC Retail Limited.

The NNPC, in a statement by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, said the retired executives are: Mrs. Esther Nnamdi-Ogbue, Managing Director, NNPC Retail Limited; Mr. Alpha Mamza, Executive Director, Operations, NNPC Retail Limited; and Mr. Oluwa Kayode Erinoso, Manager, Distribution, NNPC Retail Limited.

The NNPC also announced the redeployment of four officers to fill the vacant positions which arose as a result of the retirements.

Ughamadu said the deployments to fill the vacant positions in the NNPC Retail are: Mr. Adeyemi Adetunji, as Managing Director; Mr. Lawal Bello, Executive Director, Operations; Mrs. Affiong Akpasubi, Executive Director, Services; and Mr. Agwandas Andrawus, Manager, Distribution.

The NNPC disclosed that the appointments take effect immediately, adding that until his new assignment as the Managing Director of NNPC Retail, Adetunji was General Manager, Strategy & Planning, Gas & Power and also former General Manager, Transformation Office.

Commenting on the new appointments, Group Managing Director of the NNPC, Mr Maikanti Baru, charged the deployed staff to remain committed to their duties in line with the transformation aspirations of the Management.

Though the NNPC did not state the reason for retirement of Nnamdi-Ogbue, sources however, stated that it may be connected to the alleged illegal sale of about 130 million litres of Premium Motor Spirit (PMS) valued at N17.439 billion, belonging to the NNPC by two firms, MRS Oil and Capital Oil and Gas.

On March 17, Mr Henry Ikem-Obih, a Chief Operating Officer (Downstream) in NNPC revealed that about 130 million litres stored at the Capital Oil & Gas depot and over 30 million litres in MRS Limited depot, all in Apapa area of Lagos, were not found when needed.

Ikem-Obih had said the infraction by the two downstream companies was a clear violation of existing contract which prohibited the firms from tampering with the volumes in their custody without express permission of the corporation.

He said the companies were called to explain and given two options to either return the full volume of what was stored in their depots litre-for-litre or pay the full value of the products taken without approval.

He also mentioned that NNPC alerted the Directorate of State Service (DSS), the Economic Financial Crime Commission (EFCC) and relevant committees of National Assembly with oversight function on the corporation’s downstream operation to help recover the assets.

The retired Managing Director, NNPC Retail Limited, Mrs. Esther Nnamdi-Ogbue was recently accused of being the owner of $50million which was recovered by the EFCC at an Ikoyi apartment on Wednesday. She has vehemently denied ownership of the recovered money.

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