Wednesday, 05 August 2015 11:53

Buhari Appoints Emmanuel Kachikwu As New NNPC Managing Director

Written by 
Rate this item
(0 votes)

Emmanuel Ibe Kachikwu appointed by President Buhari as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC)Emmanuel Ibe Kachikwu appointed by President Buhari as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC)
Sahara Reporters Media

According to a statement by the Special Adviser for Media and Publicity to the President, Mr. Femi Adesina, Mr. Kachikwu who was formerly the Executive Vice Chairman and General Counsel of Exxon-Mobil (Africa), will take over from Joseph Dawha whose current tenure as the GMD expired on July 29th, 2015.

Mr. Kachikwu is a graduate of law from the University of Nigeria, Nsukka and the Nigerian Law School. He also holds a masters and doctorate degree in law from the Harvard Law School.

Adesina’s statement also noted that President Buhari has approved the appointment of Umaru Danbatta as the new Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission, NCC.

Danbatta’s academic qualifications are a bachelor's degree in Electronic Engineering and Telecommunications as well as a masters degree in the same field.

Buhari’s appointment arrives at a time when the Natural Resource Governance Institute (NRGI) made public an independent analysis of the NNPC. Their investigation unveiled the over $32 billion in oil revenue that Nigeria lost due to the money laundering and mismanagement of crude in the NNPC.

The NNPC has not provided the public records of the way it has utilized the more than 10 years worth of the revenue it has received from Nigeria’s oil production. In June President Buhari sacked the Board of the NNPC that was chaired by Diezani Alison-Madueke. Buhari is overhauling the NNPC’s management and combating its deep structural problem.

THE NEW NNPC GMD'S PROFILE:

Emmanuel Ibe Kachikwu, a doctor of Law, graduated with distinctions from the University of Nigeria Nsukka and the best graduating student from the Law School, winning seven of the available nine prizes in 1999.

He holds the LLM Harvard Distinction and was best graduate in 1980 with specialisation in Energy, Petroleum Law and Investment.

Kachikwu set a record with a Ph.D/SJD Harvard Distinction, specialising in Petroleum and Investment Law Strategie after completing his doctoral thesis in a record time.

With a H.Dip.T.L from Georgetown, the United States of America (USA), the new NNPC chief executive is a Fellow, Society for Corporate Governance (FSCG); Chartered Institute of Arbitration (FCIArb); Chartered Institute for Petroleum Policy (FCIPP) and a Visiting professorship in various universities in the world including Harvard Law, his alma matter.
Kachikwu has more than 30 years experience in policy- making positions in petroleum industry including; General Counsel/Legal Adviser, Texaco Nigeria and Texaco Overseas Petroleum Co (1984 -1994); General Counsel/Secretary, Mobil Producing Nigeria Unlimited (2001); Executive Director, ExxonMobil Group of Companies (2003).

He has been the Executive Vice Chairman/General Counsel, ExxonMobil Companies in Nigeria and Oversight Counsel, ExxonMobil Companies in Africa since 2009.

His accomplishments include the authorship of several law books. He authored the best seller – Nigerian Foreign Investment Law and Policy and more than 20 publications.

Kachikwu Influenced over $10 billion investment from ExxonMobil Group into Nigeria and other African countries.

It is on record that he set major policy planks on, government relationship, investment policy and corporate governance for ExxonMobil in Africa and member of many highly influential policy and investment teams for ExxonMobil Corporation.

He served as a lead negotiator on diverse issues for ExxonMobil in Africa including conclusion of Lease Renewal Negotiations for Mobil Producing and facilitated solid contacts in Global Energy Sphere with contacts to most Chief Executive Officers (CEOs) of multinational petroleum corporations and secretaries of energy for key national country players for more than 25 years.

SOURCE:The Nation/SR NGR

Read 1477 times