There were indications on Wednesday that Dr. Maikanti Kachalla Baru, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), may be forced to quit his job soon following the alleged roles he played in the use of the dividend of the Nigerian Liquefied Natural Gas Limited to fund fuel subsidy in the country.
There were mounting agitations by some concerned stakeholders for Baru to resign his job in the face of the alleged infractions committed in the use of the NLNG’s dividend to fund fuel subsidy and the $25 billion contract he allegedly awarded last year without due process.
It was learnt that a retired senior personnel of the state oil company, Farouk Ahmed, was being considered to replace Baru, especially as 2019 election draws close.
Regardless, operators said Baru had done well for the oil and gas sector since he assumed the role of Group Managing Director two years ago.
But spokesman of the corporation, Ndu Ughamadu, said he was not aware of the plot to force his boss to quit his job. Read more