NNPC Accounts to be audited, contracts reviewed, more workers to go
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu, has given a hint on the three-pronged strategy for the restructuring of the state-run oil firm, adding that this would entail the re-organisation of management personnel, a forensic audit of the firm’s accounts, and a review of its contracts with oil majors and other industry operators.
Dr. Emmanuel Ibe Kachikwu, spoke to State House correspondents in Abuja after a meeting with President Muhammadu Buhari.
He reportedly stated:
“It is an A to Z restructuring. I have done the first three layers, which had to do with the GEDs (Group Executive Directors) and Group General Managers. We are going to have a lot more now – the DGMs (Deputy General Managers) and GMs (General Managers) – as this would take us to the next layer, which is the lower layer.
“The whole idea is to go back to being able to look at the appraisals, how well they have done on the job and if they have done very well, how do we elevate them to positions where they can offer more service.
“If they have not done well enough, and we can retrain them, we will, but if they have not done well enough and there is no possibility of retraining, we will let them go.
“At the end of the day, NNPC isn’t a public service, it is a corporation and it is going to be run like a company, generating money and profit for Nigerians, so that the whole concept of anything goes is going to stop and this is the first stage in that whole process,” he said according to media reports
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