News The African Way

Nigeria: Kachikwu Takes Over As NNPC Boss

Kaduna (Nigeria) – Emmanuel Kachikwu has taken over as the Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC).

He was appointed Tuesday by President Muhammadu Buhari, to take over from Joseph Dawha.

Until his appointment, Kachikwu was Executive Vice Chairman and General Counsel of Exxon-Mobil (Africa).

A graduate of law from the University of Nigeria, Nsukka, and the Nigerian Law School, Kachikwu also holds Masters and Doctorate Degrees in Law from the Harvard Law School.

He began his working career with the Nigerian/American Merchant Bank before moving to Texaco Nigeria Limited from where he joined Exxon-Mobil.

Kachikwu hails from Onicha-Ugbo in Delta State.

NNPC is the organ which oversees Nigeria’s oil industry.

The corporation sells millions of crude oil, but government say about 250,000 barrels are sold by thieves – the money never gets to government treasury.

A month ago, Buhari dissolved the Board of the NNPC, in a move many believed was aimed at wiping the agency of corruption.

There are speculations that Buhari will name himself the new minister of petroleum.

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