A new group managing director for the Nigerian National Petroleum Corporation (NNPC) is to be appointed by President Muhammadu Buhari if Ibe Kachikwu’s ministerial nomination is approved by the Senate. Kachikwu, appointed GMD of NNPC, in August, was nominated as a minister by Buhari in what insiders described as a “soft landing” arrangement for the former executive vice chairman and general counsel of Exxon Mobil (Africa).
According to The Cable, presidential sources said Buhari has been very “uncomfortable” with some of the actions, pronouncements and in-house changes made by Kachikwu since he became the NNPC GMD. One of the current group executive directors (GEDs), it was gathered, is expected to take over from Kachikwu, with Maikanti Baru from Bauchi state as the favourite. Baru, a PhD hoder like Kachikwu, is currently the GED for exploration and production and was initially tipped to succeed Joseph Dawha, who was removed as GMD in August.