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NNPCL disengages management staff

On July 1, 2022, the Nigerian National Petroleum Company Limited (NNPC) became a fully Limited Liability company, with its operations fully sanctioned by the provisions of the Companies and Allied Matters Act (CAMA) of 2020. Photo: Radio Nigeria Archives

Management staff of the Nigerian National Petroleum Company Limited, NNPCL, with less than 15 months left until their statutory retirement have been disengaged from service.

A statement by the company indicates that workforce change became effective as of today, September 19.

The move, which saw three Executive Vice Presidents exit the company, was described by NNPCL as “our bid to pursue effective organisational renewal to support the delivery of our strategic business objectives”.

The statement further explains that the changes were in line with NNPCL’s efforts to scale up capabilities through targeted talent management and equal opportunity.

Also in July, the federal government commenced the Implementation of the revised Public Service Rules (PSR).

According to the provision of the PSR, Permanent Secretaries “shall hold office for a term of four years and another renewable term based only on satisfactory performance.”

And that any director (GL 17) or its equivalent must compulsorily retire upon the attainment of eight years in that position.

Writing by Muzha Kucha; editing by Saadatu Albashir