The Board of Directors of the Nigerian National Petroleum Company Limited (NNPC) announced a major shake-up in key leadership positions last Wednesday, with Adedapo Segun appointed as the oil company’s new Chief Financial Officer (CFO), succeeding Umar Ajiya in the role.
This announcement was made in a statement signed by Chief Corporate Communications Officer, Olufemi Soneye, which read: “The Board of Directors of NNPC Limited is pleased to announce a series of strategic leadership appointments. These changes reflect our continued dedication to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector.”
The statement outlined key appointments, stating that Mr. Adedapo A. Segun, who previously served as the Executive Vice President, Downstream, has been appointed as CFO, bringing with him substantial contributions to NNPC’s downstream operations.
Other appointments included Mr. Isiyaku Abdullahi as Executive Vice President (EVP), Downstream, and Mr. Udobong Ntia as Executive Vice President (EVP), Upstream. These changes align with NNPC Limited’s commitment to building a unified and competent leadership team to drive operational excellence and advance the organization’s strategic objectives.
The Board and Management also extended their deepest appreciation to Mr. Umar Ajiya and Mrs. Oritsemeyiwa A. Eyesan for their outstanding dedication and service to NNPC Limited.
NNPC reiterated its commitment to “achieving operational excellence, enhancing global competitiveness, and ensuring financial sustainability, while prioritizing the interests of the Nigerian public in the petroleum industry.”
