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BusinessExperts Pick Holes In Tinubu’s New NNPC Board Appointment.

Experts Pick Holes In Tinubu’s New NNPC Board Appointment.

April 6, 2025

Key practitioners in the petroleum industry have criticised the recent reconstitution of the Nigerian National Petroleum Company Limited, NNPCL, Board, following the non-compliance with the Petroleum Industry Act, PIA, 2021.

In a formal statement released over the weekend and signed by Abolade Adewale, the petroleum industry experts demanded for the reversal of the appointment of a Senior Manager from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Aminu Said Ahmed, as the Ministry’s representative on the new board.

They argued that the appointment negates Section 59(2)(d) of the PIA 2021, which stipulates that the NNPC Ltd Board shall comprise “a representative of the Ministry of Petroleum Resources (MPR), not below the rank of a Director.” The group emphasized that the NMDPRA is an independent regulatory agency, distinct from the Ministry, and therefore, its staff cannot represent the MPR on the board.

They further noted with great concern the recent appointment of Aminu Said Ahmed, a Grade Level 14 officer in the NMDPRA to represent the Ministry of Petroleum Resources on the NNPC Limited Board, is abnormal and inconsistent with the provisions of Section (59) sub section (2) sub (d) of PIA Act, 2021 and a grand conspiracy to usurp the Ministry at all cost.

The statement also highlighted that the Federal Ministry of Finance, FMF, is represented on the same board by its Permanent Secretary, aligning with the PIA’s requirement for Ministerial representation.

READ MORE; Bayo Ojulari Takes Over From Mele Kyari As President Tinubu dissolves NNPCL Board.

They urged President Bola Ahmed Tinubu, GCFR, to maintain institutional parity by appointing a Permanent Secretary from the MPR to the board.

While the PIA provides that a representative of the MPR and the FMF not below the rank of a Director should be appointed as a member of the board, hence, the appointment of the Permanent Secretary, FMF as a member of the board was in accordance with the PIA provisions. Whereas Aminu Said Ahmed is neither a Director nor a staff of the Ministry of Petroleum Resources

They also addressed the issue of representation in international petroleum organizations, stating that the Ministry should lead delegations to bodies like Organization of the Petroleum Exporting Countries (OPEC) etc as mandated by Section 3(1) (d) of the PIA.

They criticized the practice of assigning non-Ministry officials to such roles based on nepotism, citing concerns over institutional memory and reputational risks.

“We therefore respectfully submit that all nominations to international engagements on Petroleum-related matters should kindly be made strictly among serving officials of the MPR through formal appointment by the Minister, as permitted under the law,” added Adewale.

READ MORE; NNPCL IPO Now At Final Stage

They called for a reaffirmation of statutory compliance and institutional mandate, urging the President to reverse the appointment of Aminu Said Ahmed and approve a high ranking officer of the Ministry of Petroleum Resources, which in this case should be the Permanent Secretary to be at a parity with the Federal Ministry of Finance Permanent Secretary as a member of the NNPC Ltd Board.

They expressed confidence that as the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, GCFR, has always listened to valid judgments, and will take cognisance of abnormaly and act to uphold the integrity of the PIA 2021.

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