The Nigerian National Petroleum Corporation (NNPC) has made significant adjustments to its executive team, announcing the removal of Umar Ajiya from his position as Chief Financial Officer (CFO). Adedapo Segun has been appointed as the new CFO in a move that underscores NNPC’s commitment to a strategic overhaul and effective management.
The NNPC stated that this leadership change aligns with its restructuring efforts to strengthen operational efficiencies and boost performance across its divisions. As one of Nigeria’s most influential public enterprises, NNPC’s executive decisions carry substantial impact on the nation’s oil and gas sector.
Ajiya, who previously served in the role, contributed to several initiatives aimed at improving NNPC’s financial transparency and accountability. Adedapo Segun, the incoming CFO, brings extensive experience to the table and is expected to further NNPC’s mission to align with global best practices and enhance profitability within Nigeria’s oil sector.
This shake-up comes amid ongoing transformations within the organization as it seeks to bolster the energy sector’s contributions to Nigeria’s economy and address public expectations for improved governance.
