Corporation to Company: Clock ticks on NNPC’s current existence

Buhari appoints Ararume Chairman 9-man board for new (incorporated) NNPC with relatives of Chuba Okadigbo, Mashall Harry, others as members Platforms Africa reports that the Nigerian National Petroleum Company Limited is to be incorporated into a public entity, President Muhammadu Buhari gave ths directive on Sunday. The directive to the Group Managing Director of the NNPC, Mele Kolo Kyari, was pursuant to Section 53(1) of the Petroleum Industry Act (PIA) 2021, which requires the Minister of Petroleum Resources to cause the NNPC Limited to be incorporated within six months of…

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