President Muhammadu Buhari, on Tuesday, August 4, 2015, appointed Emmanuel Ibe Kachikwu as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC).
Kachikwu replaces former NNPC GMD, Joseph Dawha who was appointed by ex-President, Goodluck Jonathan.
According to The Nation, Buhari gave Kachikwu six assignments. They are:
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Clean up the NNPC system of corrupt elements
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Recover all stolen crude oil funds
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Work with the Economic and Financial Crimes Commission (EFCC) and the Directorate of State Service (DSS) to trace and recover stolen oil cash
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Review the structure of the NNPC to compete globally
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Giving targets to all subsidiaries and put in place performance benchmarks
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Fix all refineries, which must work at optimal level, “even if it means using expatriates in the interim”.
