UPDATE: Newly appointed NNPC MD, Shehu Ladan sacked

President Goodluck Jonathan on Monday fired the newly-appointed managing director of the country’s state oil firm and ordered an audit of its accounts by a world-class firm, his office said.

Shehu Ladan, who was appointed Nigerian National Petroleum Corporation (NNPC) managing director on April 6, was replaced by Austin Oniwon, the firm’s executive director in charge of refineries and petrochemicals, presidential spokesman Ima Niboro said in an official statement.

Crude is the main foreign exchange earner in the world’s eighth oil exporter.

Although no official reason was given for the sacking of Ladan, the president has ordered that a “comprehensive audit” of NNPC’s accounts be carried out by a world-class auditing firm, it said.

“The finance minister is to engage the services of a world-class auditing firm to carry out the audit,” it said.

Ladan had in April replaced Mohammed Sanusi Barkindo, who was in office for just over a year.

Jonathan, who has promised to reform the oil sector, has recently sacked other top officials in the NNPC and re-assigned some others.

Nigeria is proposing a law aimed at sweeping reforms in the oil and gas sector.

Its supporters say the law, still before parliament for approval, will specifically transform the corruption-ridden, loss-making and inefficient NNPC into a purely commercial outfit.

Other Appointments

President Goodluck Jonathan has approved the appointment of Mr Mike Oghiadomhe as his Chief of Staff. Mr Oghiadomhe was until this appointment the Principal Secretary to the President. He replaces Mr David Edebvie.

Mr Hassan Tukur was appointed in his place as Principal Secretary to the President.

President Jonathan also approved the elevation of Mr Ima Niboro as Special Adviser, Media and Publicity. Before his appointment, Mr Niboro was Senior Special Assistant to the President, Media and Publicity. He replaces Mr Olusegun Adeniyi.

2 thoughts on “UPDATE: Newly appointed NNPC MD, Shehu Ladan sacked

  1. Akin akinyomi

    That is one rotten organisation that has never being accountable. Every CEO that leaves office fly chatered or private jet round the world. we as a people seem to be cursed by the level of corruption in our society.May God deliver us from these good for nothing leaders Thieves everywhere no one convicted

  2. Lookman...NYC

    Corruption has eaten deep down our fabric as a nation. it was all planted by no other person but the Evil Genius himself “IBB”. I don’t know how he closes his eyes at night seeing the type of damage he had cost this country.He also produce people like Ibori, Waziri,All CEO of NNPC.
    Shame on all these bad leaders..if the country is Good you and your family will also enjoy it. As it is now, you and your family cannot work freely without any form of protection. God will punished in abundant. Those of you that steal more than you need in life. Stealing for the generation unborn. How will you imaging someone with $500,000,000 public fund..Bastard!!!

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