• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
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.

MoreStories

Meristem launches Meritrade 2.0  to boost Nigeria’s capital market participation

Meristem launches Meritrade 2.0 to boost Nigeria’s capital market participation

March 6, 2026
Tinubu approves diplomatic postings for 65 ambassadors 

Tinubu approves diplomatic postings for 65 ambassadors 

March 6, 2026

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 ?


Add Nairametrics on Google News
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

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 *

rabafast
rabafast

nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 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
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics