(UPDATED) President Buhari Appoints New Head Of NNPC

The sources say that President Muhammadu Buhari will very soon appoint the new Group Managing Director in the Nigerian National Petroleum Corporation (NNPC).

UPDATE: Sahara Reporters says that Kachikwu is expected to take over from from Joseph Darwa at the NNPC headquarters in Abuja around 3:00 PM Nigerian time.

The next director of NNPC may become Emmanuel Ibe Kachikwu, the executive vice chairman of ExxonMobil Africa, the Will reports.

According to sources, who pledged to be anonymous, President Buhari met with Kachikwu on August 3, to complete talks on his vision for the state owned corporation, which has been tangled in accusation of corruption and dubious accounting practices.

READ ALSO: Buhari Set To Take One More Petroleum Position

“Dr. Kachikwu will be announced anytime from today,” the insider said.

The nomination reportedly is one of the many to come in Buhari’s bid to rid the NNPC of corruption.

It should be noted that Nigeria makes billions of dollars from crude oil, which funds about 85 % of the federal budget, but the president said that an estimated 250,000 barrels of crude is stolen daily by thieves and sold abroad.

Dr. Kachikwu is a very well respected technocrat with an faultless record. He has never hold a political position.

His candidacy is being endorsed by the West and influential patrons who are frustrated by the corruption in the petroleum sector.

READ ALSO: Buhari Dissolves NNPC Board Of Directors

It would be recalled that President Buhari sacked NNPC board of directors a month ago. He also revealed his intention to break up the commission.

There had been reports that President Buhari is set to become Nigerian next minister of petroleum resources as he rather appoint himself than trust anyone else with the main source of Nigeria’s revenue.

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