• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Ministry of Petroleum confirms disagreement between Kachikwu and Baru

Onome Ohwovoriole by Onome Ohwovoriole
October 4, 2017
in Business News, Company News
Ministry of Petroleum confirms disagreement between Kachikwu and Baru
Share on FacebookShare on TwitterShare on Linkedin

In a press statement issued today, the Ministry of Petroleum Resources seems to have unwittingly  confirmed the differences in opinion between the Minister of State for Petroleum Ibe Kachikwu and Maikanti Barau the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC). In a memo written to President Muhammadu Buhari, Kachikwu accused the  GMD of unilaterally reorganizing and reposting staff without informing himself or other board members.

In the press statement signed by Idang Alibi Director of Press, the Ministry of Petroleum Resources condemned the leaking of the memo by staff of the ministry, and affirmed that the purpose of the memo was to improve efficiency and deepen transparency in the Nigerian oil and gas sector.

In the memo, which was leaked to the press a few hours ago, Kachikwu sought the assistance of the President to compell all parastatals to submit to oversight and regulatory supervision. The minister also requested that the  President instruct the NNPC GMD to suspend the recently announced reorganization, till members of the NNPC board make the necessary input.

RelatedStories

CBN issues directive to curb mass sacking by banks

How companies determine who to fire in an economic crunch

November 29, 2022
Ibe Kachikwu’s Jaguar: Former minister denies N9.7 billion bank account deposit

Ibe Kachikwu’s Jaguar: Former minister denies N9.7 billion bank account deposit

August 30, 2021

Unanswered questions

Barau, was appointed NNPC GMD in July 2016, along with other members of the board. Why did it take one year for the Kachikwu to make complaints about the NNPC was being run ?  It is also unknown if other members of the board are against the management changes made by the GMD, or are against them, as such opposition has not been voiced. Other members of the board include Mallam Abba Kyari (Chief of Staff to the president, Chief Pius Akinyulere, Dr Tajudeen Umar, Mallam Mohammed  Lawal,and Mallam Yusuf Lawal.

Baru, had at the handover ceremony thanked Kachikwu for recommending him to be appointed GMD. Baru also pledged to continue with the restructuring programme started by Kachikwu. Prior to Baru’s appointment, Kachikwu doubled as GMD and Minister of State for Petroleum.

So at what point did the difference in opinions occur ?


Follow us for Breaking News and Market Intelligence.
Tags: Dr. Ibe Kachikwumaikanti BarauNews ReviewNNPC Nigeria News
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

CBN issues directive to curb mass sacking by banks
Small Business

How companies determine who to fire in an economic crunch

November 29, 2022
Ibe Kachikwu’s Jaguar: Former minister denies N9.7 billion bank account deposit
Business News

Ibe Kachikwu’s Jaguar: Former minister denies N9.7 billion bank account deposit

August 30, 2021
Dangote Cement
Spotlight

Dangote Cement commences buy back of 85 million issued shares of the company

December 21, 2020
President Buhari to address Nigerians on Lekki toll plaza shootings after investigation , Youth Investment Fund:  Ministry of Finance and CBN to launch provision of funds- Minister, Federal Ministry of Youth and Sports launch DEEL initiative
Spotlight

FG launches application for N75 billion Youth Investment Fund at 5% interest, how to apply

October 16, 2020
Ibe Kachikwu, former Minister of State for petroleum
Diaspora

Exclusive: Interview with Ibe Kachikwu, former Minister of State for Petroleum Resources

May 13, 2020
Nigeria plans to support oil price with lower production cost per barrel, NNPC records 34% increase in trading surplus, NNPC begs security agencies to allow petrol tankers commute during lockdown, FG abolishes petrol subsidy regime as full deregulation sets in
Business News

FG abolishes fuel subsidy regime as full deregulation sets in

April 7, 2020
Next Post
Another Bank CEO reveals his thoughts on Bitcoin

Another Bank CEO reveals his thoughts on Bitcoin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
Zenth Bank
first bank
Zenth Bank








DUNS

Recent News

  • OPEC+ may boost July oil output beyond planned 411,000bpd 
  • SystemSpecs announces winners of sixth essay competition, inspiring future leaders and National pride 
  • PE Energy submits landmark Engineering Audit of Oil & Gas Measurement Systems to NUPRC 

Follow us on social media:

Recent News

OPEC, crude oil production

OPEC+ may boost July oil output beyond planned 411,000bpd 

May 30, 2025
SystemSpecs announces winners of sixth essay competition, inspiring future leaders and National pride 

SystemSpecs announces winners of sixth essay competition, inspiring future leaders and National pride 

May 30, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics