NNPC compulsorily retires employees with 15 months to statutory retirement

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NNPC compulsorily retires employees with 15 months to statutory retirement
NNPC compulsorily retires employees with 15 months to statutory retirement

The Nigerian National Petroleum Company Limited (NNPC) has made a significant move in its organizational restructuring by instituting compulsory retirements for management staff with less than 15 months left until their statutory retirement.

The announcement, made early on a Tuesday morning, comes as NNPC seeks to align its workforce with its strategic business objectives. The affected employees will be retired with immediate effect.

NNPC announces retirement

NNPC communicated this decision via its official X (formerly Twitter) handle, stating, “In our bid to pursue effective organizational renewal to support the delivery of our strategic business objectives, it has become imperative to rejuvenate our workforce.

“Consequently, in addition to the recent exit of three Executive Vice Presidents, other management staff with less than 15 months to statutory retirement will be exiting the company effective September 19, 2023.

“This is in line with our commitment to scale up NNPC Ltd.’s capabilities through targeted talent management and equal opportunity for all Nigerians.”

The company has also implemented personnel reorganizations within its top management cadre, reassigning some senior officials to other segments of its ventures, including the Nigeria Liquefied Natural Gas Limited and Nigeria Petroleum Development Company.

The restructuring efforts have recently seen the appointment of three new Executive Vice Presidents, Oritsemeyiwa Eyesan (Upstream), Olalekan Ogunleye (Gas, Power, and New Energy), and Adedapo Segun (Downstream), as part of NNPC’s commitment to organizational renewal and competence development.

These appointments, announced via NNPC’s X handle on a Sunday, took immediate effect and resulted in the compulsory retirement of the company’s former Executive Vice Presidents, Abdulkabir Ahmed (Gas, Power, and New Energies), Adokiye Tombomieye (Upstream), and Adeyemi Adetunji (Downstream).