President Buhari dissolves NNPC board

For as long as anyone can remember,the
organization has been stumbling from one
corruption scandal to the other,the latest
being the 2013 allegation by the immediate past
Governor of the Central bank of Nigeria (CBN)
and now the Emir of Kano,Alhaji Muhammadu
Lamido Sasusi ,that the NNPC failed to remit up
to $20 billion to the federation account.

Its refineries hardly work with the result that
Nigeria relies more on imported fuel .
Thus, scarce foreign exchange is wasted on
importing fuel while billions of naira is also paid
as ‘subsidy’ to importers.

The sacked board headed by the immediate
Petroleum Minister Diezani Alison-Madueke had
as members the Group Managing Director of
the corporation, Dr. Joseph Dawha, Group
Executive Director, Finance & Accounts, Mr.
Bernard O.N. Otti – Group Executive Director,
Corporate Services, Dr. Dan Efebo ,
Coordinator, Legal Services/ Secretary to the
Corporation, Ikechukwu Oguine and other five
members : Alhaji Abdullahi Bukar , Mr. Danladi
Wadzani, Prof. Olusegun Okunnu , Mr. Danladi
Kifasi and Mr. Steven Oronsaye.