President Muhammadu Buhari on Tuesday, August 4, gave instructions to the newly-appointed managing director of the Nigerian National Petroleum Corporation (NNPC), while an insider source made breaking disclosures.
It should be recalled that Emmanuel Ibe Kachikwu was yesterday announced as the new NNPC boss in an attempt to restore the reputation of the body the tops of which are often accused of being involved in corruption schemes.
According to The Nation, Buhari urged Kachikwu to first focus on the recovery of the stolen oil funds.
A source disclosed that Kachikwu might also be appointed the Minister of State for Petroleum Sources. The other candidates for the position reportedly include the former executive secretary of the Petroleum Products Prices Regulatory Agency, Stanley Reginald; the managing director of the Shell Petroleum Development, Osagie Okunbor, and the NNPC deputy general manager (name not provided).
Chargin Kachikwu on his new duties, President Buhari gave him six terms of reference to reshape the corporation:
1. To clean up the organization of corrupt officials;
2. To recover stolen oil money;
3. To work in cooperation with the Economic and Financial Crimes Commission and the Directorate of State Service to ensure the successful fulfillment of point 2;
4. To review the NNPC structure for the body competitive on a global scale;
5. To set goals for all subsidiaries; and
6. To fix the all the national refineries for them to work to maximum effect.
The source also narrated how the new NNPC had been chosen:
“The new GMD of NNPC was picked after a thorough search by the President. Actually, at the end of the search, the choice was narrowed down to four candidates.