Lagos — The Society of Energy Editors, SEE, has called on the Ministry of Petroleum Resources, led by President Bola Tinubu, to provide clarity on the tenure of Mallam Mele Kyari, Chief Executive of the Nigerian National Petroleum Company Limited (NNPC). Recently, Kyari turned 60, sparking expectations of his retirement in line with established public service rules. However, no official statement has been made regarding his status.
A statement released by the SEE noted that this development raises concerns about corporate governance and transparency at NNPC Limited, a company managing several subsidiaries and critical to Nigeria’s energy sector. The lack of clarity on Kyari’s tenure undermines the company’s commitment to enhancing corporate governance and improving operational efficiency, as stated in its previous announcements.
In November 2024, the NNPC Limited, announced the replacement of Umar Ajiya as Chief Financial Officer. Although the company didn’t provide a reason for the move, it was widely interpreted as a routine application of the public service practice of retiring employees after 30 years of service or upon reaching 60 years of age.
In a statement, NNPC Limited emphasized its commitment to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector. However, the lack of transparency surrounding Kyari’s tenure has created uncertainty and undermines the company’s claims of prioritizing good governance.
“The Society of Energy Editors urges the Ministry of Petroleum Resources to provide a clear explanation regarding Kyari’s tenure or direct the NNPC Limited Board to address this matter. As a key player in Nigeria’s energy sector, NNPC Limited must demonstrate transparency and adherence to best practices in corporate governance.
“In the interest of promoting good governance and attracting foreign direct investment, we emphasize that optics matter, and NNPC Limited’s affairs should not be left to speculation. We look forward to a prompt response from the Ministry of Petroleum Resources and the NNPC Limited Board,” a statement signed by Chairman of the Society of Energy Editor’s, Yakubu Lawal disclosed.
Society of Energy Editors:
The Society of Energy Editors is a professional association of energy journalists and editors dedicated to promoting excellence in energy reporting, enhancing the capacity of energy editors and journalists, and fostering public awareness and understanding of energy issues in Nigeria. Our members are committed to upholding the highest standards of journalism and contributing to informed public discourse on energy matters.
