Buhari Names Senator Ifeanyi Ararume NNPC Board Chair

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TDPel Media

In his capacity as Minister of Petroleum Resources, President Muhammadu Buhari directed the formation of the NNPC LTD and the appointment of Ararume as Chairman of the Board. Femi Adesina, the Presidential Spokesman, stated in a statement that this was in accordance with Section 53(1) of the Petroleum Industry Act 2021. According to Adesina, the PIA 2021 requires the Minister of Petroleum Resources to cause the NNPC Limited to be incorporated within six months of the Act’s start, in collaboration with the Minister of Finance, on the Company’s nominal shares. The Group Managing Director of the …

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