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Nigeria state oil corporation gets new head

Xinhua, July 5, 2016 Adjust font size:

Nigerian President Muhammadu Buhari on Monday approved the composition of a new Board of the Nigerian National Petroleum Corporation (NNPC).

The approval was in line with the Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended.

A statement reaching Xinhua said Minister of State for Petroleum Emmanuel Ibe Kachikwu is the chairman of the new board while Maikanti Kacalla Baru is the new Group Managing Director of the corporation.

Other members of the board are the Permanent Secretary of the Federal Ministry of Finance and six other persons.

The Nigerian leader urged the new board to ensure the successful delivery of the mandate of the NNPC.

He also enjoined them to serve the nation by upholding the public trust placed on them in managing this critical national asset. Endit