Earthquake in NNPC as over 70% of management staff are forced to retire from service
By the end of today over 70 management staff of the Nigerian National Petroleum Company, including the Chief Corporate Communication officer would have retired involuntarily.
Garba Deen Muhammad, Chief Corporate Communication officer was gathered has handed over to his subordinate at the corporate headquarters of the organization yesterday.
Business Standards investigation revealed that management staff starts from the rank of Deputy Manager, and there are so many people caught within this level.
The situation at hand is different from what happened about two years ago when retirement was voluntary. In this case, it is compulsory once you have less than 15 months to go. They must turn in their retirement letter today.
Unfortunately, some of the affected staff are not pensionable, for anybody to qualify for pension, he or she would have spent 10 years and above.
Earlier, the Nigerian National Petroleum Company Limited (NNPC Ltd.) sent packing some of its management staff with less than 15 months to statutory retirement to quit today.
This followed the recent promotion of three of its personnel to the position of vice Presidents
The company made this known on Tuesday on its official X handle formerly known as Twitter.
According to the NNPCL, the move is in a bid to pursue effective organisational renewal to support the delivery of its strategic business objectives, as it has become imperative to rejuvenate its workforce.
The statement posted on the company’s X page reads “Consequently, in addition to the recent exit of three Executive Vice Presidents, other management staff with less than fifteen (15) months to statutory retirement will be exiting the company effective Sept. 19, 2023.
“This is in line with our commitment to scale up NNPCL’s capabilities through targeted talent management and equal opportunity for all Nigerians,” it said.
NNPCL on Sunday announced the appointments of three new Executive Vice Presidents, as well as outlined their various designations.
They are Oritsemeyiwa Eyesan, who is now the new Executive Vice President, Upstream; Olalekan Ogunleye, takes over as Executive Vice President, Gas, Power, and New Energy; and Adedapo Segun, Executive Vice President, Downstream.
The announcement of the appointments of the three Executive Vice Presidents, which was posted on the company’s X (formerly Twitter) handle early on Sunday, stated that their appointments were with immediate effect.
This development led to the compulsory retirement of the company’s three former Executive Vice Presidents, including Abdulkabir Ahmed, Gas, Power and New Energies; Adokiye Tombomieye, Upstream; and Adeyemi Adetunji, Downstream.
The national oil company, formerly known as Nigerian National Petroleum Corporation, transited fully into a commercial entity in July 2022 to become the Nigerian National Petroleum Company Limited.
The official transitioning into a private entity means that the oil company is now being regulated in line with the provisions of the Companies and Allied Matters Act.
Press Statement on X (Twitter)
NNPC LTD. MAKES ORGANISATIONAL CHANGES
In our bid to pursue effective organisational renewal to support the delivery of our strategic business objectives, it has become imperative to rejuvenate our workforce.
Consequently, in addition to the recent exit of three (3) Executive Vice Presidents, other Management Staff with less than fifteen (15) months to statutory retirement will be exiting the Company effective 19th September 2023.
This is in line with our commitment to scale up NNPC Ltd.’s capabilities through targeted talent management and equal opportunity for all Nigerians.
Signed: Management
