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Thursday, 11 September 2014

Exclusive: Real Reason GEJ Sacked NNPC Boss Andrew Yakubu

The immediate trigger for the sudden sack of erstwhile Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, is becoming clearer more than a month after Mr. Yakubu and some other top officials of the state oil company were replaced.

PREMIUM TIMES can authoritatively reveal that Mr. Yakubu, who spent two years in office, had to go after the Minister of Petroleum Resources, Diezani Alison-Madueke, accused him of insubordination over the appointment of a new Managing Director for the upstream subsidiary of the NNPC, the Nigerian Petroleum Development Company (NPDC).

Mr. Yakubu, who was appointed July 1, 2012, was the fourth GMD of NNPC in the about five-year reign of the minister.

This newspaper learnt that while the former NNPC boss made a case for an engineer with a sound technical background to be appointed for the company responsible for NNPC’s oil exploration and production operations, reliable presidency and industry sources say the minister wanted a lawyer she considered a loyalist.

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Source: #PremiumTimes

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