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NNPC Makes Major Management Changes
NNPC Management Changes: The Nigerian National Petroleum Company (NNPC) Limited has appointed Adedapo Segun as its chief financial officer (CFO).
NNPC Management Changes
The national oil company in a statement by the Chief Corporate Communications Officer, Mr Olufemi Soneye also named Mr. Isiyaku Abdullahi as the Executive Vice President (EVP), of Downstream.
The NNPC said Segun previously served as the executive vice-president (EVP) of its downstream arm, where he made significant contributions to the company’s downstream operations.
The NNPC noted that these appointments reflect the company’s commitment to building a strong and cohesive leadership team to drive operational excellence and strategic growth.
About The New Chief Financial Officer
He joined NNPC Limited as treasurer in April 2016 and drove a series of optimisation initiatives culminating in ISO 9001:2015 certification of Group Treasury Quality Management Systems, the very first in the Finance & Accounts function.
In October 2022, following the transition to NNPC Limited, Segun became the pioneer Chief Finance and Investor Relations Officer where he was charged with the responsibility of raising medium and long-term financing for NNPC Limited and its wholly owned subsidiaries, as well as overseeing Investor Relations activities, including the Company’s journey towards its Initial Public Offer.
He led the negotiation and closing of financing initiatives to raise billions of US Dollars and has laid a solid foundation for the emergence of NNPC Limited as a Public Limited Liability Company.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN).
Also Read: NNPC Announces New Job Openings for Nigerians with Deadline
NNPC Announces Management Changes On X
The statement on the appointment was released on X. It read: “The Board of Directors of NNPC Limited is pleased to announce a series of strategic leadership appointments. These changes reflect our continued dedication to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector.
“The following key appointments have been made: Mr. Adedapo A. Segun has been appointed as the Chief Financial Officer (CFO). NNPC Management Changes. Mr. Segun previously served as the Executive Vice President, Downstream, where he made significant contributions to the company’s downstream operations.
“Mr. Isiyaku Abdullahi has been named Executive Vice President (EVP), Downstream. Also, Mr. Udobong Ntia has been appointed Executive Vice President (EVP), at Upstream.
“These appointments align with NNPC Limited’s commitment to building a unified and competent leadership team to drive operational excellence and support the organization’s strategic objectives.
“The Board and Management also extend their deepest appreciation to Mr. Umar Ajiya and Mrs. Oritsemeyiwa A. Eyesan for their outstanding dedication and service to NNPC Limited”.
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