Group seeks clarity on NNPCL CEO’s tenure

BY MOTOLANI OSENI

The Society of Energy Editors has called on the ministry of Petroleum Resources, led by President Bola Tinubu, to provide clarity on the tenure of Mallam Mele Kyari, who is the chief executive of the Nigerian National Petroleum Company Limited (NNPC).

Recently, Kyari turned 60, sparking expectations of his retirement in line with established public service rules. The group, however, noted that, no official statement has been made regarding his status.

This development raises concerns about corporate governance and transparency at NNPC Limited, a company managing several subsidiaries and critical to Nigeria’s energy sector.

The lack of clarity on Kyari’s tenure, according to them, undermines the company’s commitment to enhancing corporate governance and improving operational efficiency, as stated in its previous announcements.

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The Society of Energy Editors, therefore, urged the ministry of Petroleum Resources to provide a clear explanation regarding Kyari’s tenure or direct the NNPC Limited board to address this matter:

“As a key player in Nigeria’s energy sector, NNPC Limited must demonstrate transparency and adherence to best practices in corporate governance. In the interest of promoting good governance and attracting foreign direct investment, we emphasize that optics matter, and NNPC Limited’s affairs should not be left to speculation.

“We look forward to a prompt response from the Ministry of Petroleum Resources and the NNPC Limited Board,” the group said.