March 23, 2019

Split of NNPC into two may generate tension – Baru (Punch)

Split of NNPC into two may generate tension – Baru (Punch)

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, said on Thursday that the split of the corporation into two entities if not properly communicated to the workers could generate some tension between the unions. Baru noted the Petroleum Industry Governance Bill, recently passed by the National Assembly, required the minister to within six months after its enactment take necessary steps to incorporate the entities, namely the Nigerian Petroleum Assets Management Company and the Nigeria Petroleum Company, as companies limited by shares to be vested with certain liabilities and assets of the NNPC. Read more

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