President Tinubu Shakes Up NNPC Leadership: Mele Kyari Removed, Bayo Ojulari Appointed as New CEO

In a major shake-up aimed at repositioning the Nigerian National Petroleum Company (NNPC) Limited, President Bola Tinubu has relieved Mele Kyari of his role as Group Chief Executive Officer, alongside the board chairman, Pius Akinyelure, and several other top board members.

This sweeping decision, effective April 2, 2025, was announced in a statement by presidential spokesperson Bayo Onanuga, citing the need to boost operational efficiency, regain investor confidence, and drive the company toward commercial viability.

Taking over the reins as the new Group CEO is Bayo Ojulari, a seasoned executive expected to bring fresh perspective and leadership. Ahmadu Musa Kida steps in as the new non-executive chairman, while Adedapo Segun has been appointed as the new Chief Financial Officer (CFO).

The changes come under Section 59(2) of the Petroleum Industry Act (PIA) 2021, which grants the President power to reconstitute the board in pursuit of reforms.

For many, this signals a bold move by the Tinubu administration to re-energize the national oil company, making it more transparent, investor-friendly, and aligned with international standards.

The new board also includes six non-executive directors, one from each geopolitical zone:

• Bello Rabiu – North West

• Yusuf Usman – North East

• Babs Omotowa (former MD of NLNG) – North Central

• Austin Avuru – South South

• David Ige – South West

• Henry Obih – South East

In addition, Lydia Shehu Jafiya of the Ministry of Finance and Aminu Said Ahmed of the Ministry of Petroleum Resources will serve as representatives on the board.

This reshuffle marks a new chapter for the NNPC—and all eyes will be on how the new team delivers on the promise of reform, innovation, and transparency in Nigeria’s oil and gas sector.